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How are the placements for engineers with no work experience at the IIMs, FMS Delhi and XLRI?
The two most important factors considered by recruiters during Placements at IIM ABC/FMS/XLRI are
- Brand of UG College - SRCC/Old IITs/BITS/CA
- High Academics - University RankHolders, City Toppers in Boards, or at least Department Rank Holders with 8.5+ in Engineering.
MBA scores are of much importance during Final Placements but are Not available during summer placement.
If you have passed the above criteria, you are most likely to land any job. Still, I have segregated the roles that require work experience and the roles that do not.
Roles that require work experience
- Operations/Supply chain/product management.
- Any role will require work experience if your above 2 criteria are not up to the mark.
Roles that do not require work experience
- Consulting
- Investment Banking
- PE/VC
- Marketing
- Corporate Finance roles
So most of the jobs do not require work experience. Even if they do only non-engineering work experience is of value unless you want to go into Operations/Supply chain/product management.
How is SPJIMR's placement report better than IIMs including IIM Calcutta and as good as IIM Ahmedabad (both Average and Median)?
Here are a few possible reasons why SPJIMR placements are better than or equally good as IIMs
- SPJIMR has a much smaller batch size in comparison to IIMs and thus the average rises.
- SPJIMR has a very rigorous selection process that filters the best students and the recruiters are well aware of this.
- SPJIMR enjoys a great location maximizing the exposure and opportunities rendered to the students.
- The students perform exceptionally well in the placement interviews and thus secure high packages.
It's important to note that these reasons are just based on speculations and it cannot be exactly determined why some placements are better than others.
Is IIM Calcutta better than IIPM?
IIM Calcutta is unquestionably superior to IIPM on every count. In most ways, it is better as compared.
IIMC is the best finance and economics institute. But, if you want to know what it's like to waste your parents' money and time to get a degree that isn't even recognized, IIPM is the place to go. That experience is not available at IIM C
What are the chances of getting an admission into IIM Calcutta?
Let’s discuss the changes in getting admission into IIM Calcutta through past figures (general category only).
Apart from CAT score, the chances of getting into IIMC depend on various factors such as
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Academic profile (i.e. marks in 10th, 12th, and undergraduate)
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Academic Diversity
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Work experience
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Gender Diversity
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Category-based evaluation (EWS, NC-OBC, SC, ST, PWD)
IIM Calcutta has around 200-220 general category seats. Also, it rejects 4 students for 1 selection which means around 1100 students are shortlisted. To be among these 1100 students you need to have at least 99.33 percentile.
The chances increase if you are a favorable candidate apart from a high CAT score. Being a female, non-engineer, decent work experience. If you aren’t then your cutoff increases to 99.5.
Your chances drop to 0.5% and passing the interview round becomes more difficult.
So work around the factors I have mentioned beforehand to become a favorable candidate for admission into IIMC
Is IIM Calcutta an "IIM Ahmedabad" rejected college?
I think comparing both IIM Ahmedabad and IIM Calcutta is doing injustice to these colleges. Both the IIMs are excellent at their own level.
If you consider the rankings then IIM Ahmedabad tips the list and IIM Calcutta comes next. But do rankings really matter that much? It might be possible that a certain college is on top of the list but inconvenient for you and a certain college is second in the list and is best suited for you.
I have seen friends who have rejected offers from IIM Ahmedabad and went for IIM Calcutta because it suited their needs better.
Some special features of IIM Calcutta that IIM Ahmedabad does not have are:
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A finance lab with a Bloomberg terminal
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Top notch finance faculty
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CEMS-MiM programme (Masters in Management programme ranked 7th in the world)
So yes IIM Ahmedabad is the best IIM but IIM Calcutta is also not an ordinary one. Choose the one that suits your needs best rather than which ranks the most.
Is ISB better than IIM A/B/C and FMS Delhi?
My uncle is an alumnus of IIM Calcutta and also an ex-employee of ISB. So I asked him about the same. He told me that the faculty of IIM Calcutta focuses on the overall development of students and not just academics. They prepare you for the life ahead and not just for exams or placement. ISB on the other hand due to its short duration course is unable to cope with this aspect. Also, the fees of ISB are much more than that of IIMs. The only merit is that it saves you a year as the flagship program at IIMs is two years.
So ISB is a good choice for you only if
- You are looking for a course of shorter duration
- You are okay with spending a lot of money
- You value the degree more than what you learn from it
Both the institutes are world-class and therefore not much comparison can be drawn from them.
How is the mess at IIM Calcutta?
It's fine unless you're not used to eating mess food. In that case, you may grow tired of the same dishes. Food isn't an issue if you don't mind spending a little money – now and then to eat out. You could also pay extra and have a few extra items made from the mess for yourself.
The mess is run by the student body, and you can bargain over the prices and menu items. The real problem is that mess workers are members of the local union and thus have some bargaining power, which is common in West Bengal.
Why do people prefer IIM Calcutta over IIM Ahmedabad for finance-related jobs??
The claim that IIM Calcutta is India's finance campus, is overstated. Yes, C has a slightly higher number of finance recruiters, but the majority of the top recruiters also attend IIM Ahmedabad and Bangalore. The difference is in tier 2 and 3 finance companies, which Ahmedabad makes up for with good FMCG and consulting roles.
In general, placement processes in Calcutta are disorganized when compared to Ahmedabad, Bangalore, and even FMS. Processes in Calcutta are woefully out of date, as evidenced by the recent dissent against place reps and the subsequent motion of no confidence.
It has been noticed that people only select IIM Calcutta over IIM Ahmedabad if they are having problems with location and not because they believe Calcutta to be superior to Ahmedabad.
I got 82% in 10th and 70% in 12th. Can I get an admission in IIM-Calcutta?
There are a number of factors that IIM Calcutta takes into consideration during the selection process of the students. However, out of the 3 top IIMs it has the simplest criteria wherein a CAT score above 99.8% can maximize your chances of admission. It's difficult to get admission to other IIMs even with a CAT score above 99.99%
Some other factors that determine your admission chances are
- Graduation Scores: The higher your graduation score, the higher your chances of admission to IIM Calcutta.
- Profile: The more diverse your profile is with a lot of achievements the higher your chances of admission.
- Gender diversity: Although this is an uncontrollable factor, it is considered while shortlisting.
- Academic Diversity: Non-engineers have better chances of admission than a GEM.
Now, considering your profile, you have great marks in class 10th but average marks in class 12th. So to increase your chances of admission, you need a high CAT score of around 99.98% especially if you don’t have legit work experience.
Is it advisable to settle on JBIMS, if one only aimed for IIM's?
Comparing JBIMS with IIMs is highly unjustified as IIMs are way ahead of JBIMS or FMS even if we consider the ROI. They are unique in many aspects such as
- IIM ABC and ISB is the only B-schools that offer Investment banking profiles in placement. Even if we look at other profiles, it’s easy to infer that they are much superior in terms of quality than the ones offered at JBIMS.
- Being a pass out of IIMs or ISB, you have an upper hand in the higher spectrum of one’s career, i.e, leadership roles.
- JBIMS or FMS lack the general ambiance and culture of a typical B School due to a lack of residential and campus facilities.
- The peer quality of IIMS and ISB are much better than JBIMS whose gender ratio, diversity, and competitive exam are very one-dimensional.
- The only significant aspect of JBIMS is the ROI which when negated makes JBIMS as mediocre as SP Jain and MDI.
- The placement statistics of JBIMS are much similar to that of new IIMs or average B Schools like MDI, and SP Jain. They are in no way in comparison to the top IIMs even with batch sizes as small as 120.
So one should choose JBIMS or FMS over IIM only if one wants to spend low fees, take no loans, or pursue MBA in Mumbai or Delhi.
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