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Why is IIM Lucknow so secretive about placement statistics, unlike other IIMs?
Unlike IIM A who reports the placement correctly and follows IPRS, every other IIM doesn’t do the same. But this secretive nature of IIM Lucknow does not conclude that it has a bad or average placement. There are few factors regarding this clause, and some of them are listed below.
- The placement of IIM Lucknow is quite good. But, there are cases of mentioning increased and inflated figures in data, and average salaries are used instead of median salaries.
- According to the newspapers, most of them get huge salary packages, which is not exactly true. 80% of the entire batch get good salary packages, while the bottom 20% struggle to get decent packages. This is the case across many B schools in India.
- There are several factors that matter in placement, which include the number of recruiters visiting the campus, the number of big brands and new brands, the average salary of top 100-200 students, etc.
So, no detailed reports are provided from IIM Lucknow regarding their placement. Detailed information is usually received from insiders like alumni and professors, without disclosure in identity.
How is JBIMS compared to IIM L, K?
It is advised not to consider the new IIMs in the same league as L, K, and JBIMS. Among L, K, and JBIMS, IIM Lucknow should be placed first. Despite JBIMS being older than IIM Lucknow, IIM Lucknow boasts greater diversity and a more established brand.
In terms of personal preferences, both IIM Kozhikode and JBIMS have their own strengths and weaknesses. When it comes to placement, alumni base, and return on investment, JBIMS has the upper hand.
However, the campus of IIM Kozhikode is unmatched and offers an unrivaled business school experience that is not present in JBIMS. Some might argue that the IIM brand is stronger than that of JBIMS, but IIM Kozhikode, as a 25-year-old institution, has created its own brand reputation, while JBIMS, a 65-year-old institution, is highly respected in the corporate world.
It is also worth mentioning that the median placement of JBIMS has exceeded 22 lakhs this year, while that of IIM Kozhikode is around 20 lakhs. While it is known that some students have left IIM Kozhikode and IIM Lucknow to attend JBIMS, it is also likely that the reverse has occurred.
In conclusion, the suggested order would be IIM Lucknow > JBIMS > IIM Kozhikode.
Which executive MBA course is better between IIM Indore's EPGP and IIM Lucknow's IPMX?
Compared to IIM Lucknow’s IPMX, IIM Indore’s EPGP will be a better option.
Small Cohort Size:
IIM Indore has a small cohort size. So, the professor-to-student ratio is higher.
Location:
IIM Indore IPMX program takes place on the Noida campus. The environment on campus is ideal for studies and it also has the advantage of being close to the industries in the Delhi NCR region.
Placement:
IIM Indore Executive MBA placements 2022 had witnessed an all-time high average placement package. The average CTC for the top 25% of the EPGP students was INR 35.5 LPA. While the top 50% of students received an average CTC of INR 30.6 LPA.
Batch Size:
IIM Indore 2021 EPGP batch had 68 students. Students had work experiences in the range of 5-15 years. The students crowd is diverse and there is huge potential for peer learning.
Due to these factors, EPGP from IIM Indore will be a better option.
How was your IIM Lucknow interview experience for batch 2020-22?
My cousin appeared for the interview of IIM Lucknow for the 2020-22 batch. He claimed that most of the aspirants were top-notch and had him lower his self-confidence. There were 7 panels in total.
- WAT round: The topic for WAT was GDP growth vs Human Development Index(HDI). He had prepared the topic while preparing for the interview so this round went pretty well.
- PI: The personal interview witnessed many heated arguments among the candidates and interviewers.
As soon as my cousin entered the room, he was asked for the file. He asked him why he chose IIM Lucknow over ISB. My cousin praised the institute saying it was parred with many great other B Schools. However, the interviewer did not seem satisfied so my cousin added that the IIM tag was inevitable. They enquired him about his current job and his interest. He said he was interested in operations or supply chain management. The interviewer asked him why he was not into consulting.
He further asked him about his dream job, hobbies, and other stuff. They asked me what other calls I have converted and preferred the most. Lastly, they asked him why he chose IIM Lucknow over Rohtak. After listening to his answer he complimented him for his honesty and asked him to leave the room. Luckily he was selected and got into IIM Lucknow.
I have converted both FMS and IIM Lucknow. My ACADS are below average and I have 3 years of work experience in IT. Which is better for me?
IIM Lucknow and FMS both the institute are both reputed B-Schools of India. Discussed below are some factors which may help you compare the two institutes.
Batch size:
FMS has a smaller batch. If your academic profile is not good it is reasonable to join an institute with a smaller batch.
Return on Investment:
FMS has a lower fee range. But the overall cost of living in a flat if you are not allotted the limited hostel seats offsets the often quoted ROI advantage that FMS is said to have over IIM Lucknow. But in the matter, you can stay in the DU hostel, the ROI difference is not that much between IIM L and FMS.
The IIM Brand:
Being one of the older IIMs, second only to the holy trinity A, B, C, IIM L’s brand value is more significant and definitely stands the test of time. While FMS is a GREAT institute, the IIM tag has a global reputation.
Campus Experience:
The chance to live in a full-fledged campus at IIM Lucknow, as half the batch lives in the DU hostel and the other half in flats has an edge over the campus experience for FMS. Reviews from students indicate that IIM Lucknow is the more charming campus to spend time at, both in terms of enjoyment and peer learning.
Placements:
It depends on your choice of specialization.
- FMS is great for marketing. Being in NCR several big FMCG come to FMS for recruitment. FMS has various choices of roles on offer.
- On the other hand, IIM Lucknow has better consulting placements owing to the consulting companies inclined towards favoring the IIM brand.
- For finance, both the colleges are on the same level. IIM L has a slight advantage but it is balanced by the huge batch size.
The table shows a brief overview of the institutions.
|
Particulars |
FMS Delhi |
IIM Lucknow |
|
Median Salary |
Rs. 25.6 Lakh |
Rs. 20 Lakh |
|
Highest Salary |
Rs. 58.6 Lakh |
Rs. 54 Lakh |
|
Entrance Criteria |
CAT |
CAT/XAT/GMAT |
|
Fees |
Rs. 1.92 Lakh |
Rs. 19.25 Lakh |
Hence, although the fears are well-founded, IIM Lucknow will be the potential choice over FMS.
Which IIM should I join, IIM Indore or IIM Lucknow? I want to study finance.
Both the institutes provide almost the same learning experience and are considered to be one of the best B-Schools to join in India. But IIM Lucknow has some advantages over IIM Indore.
-
At IIM Lucknow students receive more consulting and finance based job roles. Companies like Citi, JP Morgan, Morgan Stanley, Black Rock, Avendus, Arga Investments, Investec offer front end roles for the students. Additionally, there are many Corporate Finance roles offered by banks such as Yes, HDFC, ICICI, etc.
-
As the batch size is smaller in IIM Lucknow which in turn makes the learning experience better as the faculty can interact with more students and clear any doubts that one may have.
-
According to the NIRF Rankings 2020, IIML stands at 4th position while IIMI stands at 7th in India among the management institutes.
-
IIM Lucknow has a strong research base compared to IIM Indore, which helps students to find opportunities to work in live projects and pursue their own research as well. IIM Lucknow has 117 published conference papers over the years while IIM Indore has 98 FPM theses. Both the institutes provide support for students to pursue new research.
-
One other important factor is the alumni base. IIM Lucknow has a larger well-developed alumni network compared to IIM Indore which helps in the placements.
Why did you choose IIM L over FMS Delhi? I heard that FMS is at par with ABC and much better than IIM L.
- Placements: While median/average salary is one way to judge placement quality, considering the roles offered at summer and final placements is a more comprehensive way to get an idea of the quality of placements. In terms of finance and consulting firms visiting the campus for summer and final placements, IIM BAC received more diverse offers. MBB firms have begun to visit IIM L as well.
- International Reputation: IIMs BAC is one of the world's top business schools. Even if IIML is not widely known in the international community, the fact that it is part of the IIM family lends credibility to its name. FMS does not appear in any international rankings.
- Student Exchange: IIMB has over 150 outgoing students and over 90 incoming students. The figures at IIML would be lower, but significantly higher than at FMS.
- Pedagogy: The pedagogy at IIMs is a mix of case studies and class-based theoretical discussions. This provides a more in-depth understanding of various topics.
- Campus Life: Campus life at IIMs is vibrant, whereas it is almost nonexistent at FMS.
- Research: The research output of IIMs at BAC and even L is higher than that of FMS. You could, for example, work with a professor to publish a paper or write a case study as part of your course.
How many seats are there in IIM Lucknow ABM program?
Percentage of seats reserved:
|
Categories |
Percentage |
|
SC |
15% |
|
EWS |
10% |
|
ST |
7.5% |
|
NC-OBC |
27% |
|
PwD |
5% |
What are the best one year full-time executive MBA courses in India? Can anyone who has done the IPMX course at IIM Lucknow share their experience?
There are mainly 3 MBA programs in India:
- Two Year Program in Management- Aimed at people with less than 2 years of experience
- One Year Program in Management- Aimed at people with 2-15 years of experience
- Part Time Program in Management- Aimed at working professionals
Before we dwell on the best one-year full-time executive MBA courses in India, let’s understand what exactly a one year program is.
The 1-year-program gained fame in India after the success of ISB in the early 2000s. IIMs and other institutes initiated the same and have been offering the 1-year program since late 2000s. This program mainly offers high-quality education for experienced professionals. Some best programs offered in India are
- ISB- PGP (Post Graduate Program)
- IIM Ahmedabad- PGPX (Post Graduate Program for Executives)
- IIM Bangalore- EPGP (Executive Post Graduate Program)
- IIM Kolkata- PGPeX (Post Graduate Program for Executives)
- IIM Lucknow- IPMX (International Program in Management for Executives)
The admissions happen on the basis of GMAT, Essays, and Interviews. It is primarily meant for people with several years of experience but who want to upgrade their managerial skills.
The best part is that the 1-year-program is equivalent to an MBA internationally. Infact, major international rankings such as Financial Times consider the 1-year program. So the 1-year program at the top B-Schools in India will give you a similar experience academically.
As far as the IPMX course is concerned, it is not an Executive MBA.
What is the expected ROI from IIM-Lucknow, other than networking and brand?
Don’t let people mislead you into believing that ROU is just a materialistic element and does not have much value. Once you are out of B-school you just want to have a financially stable life. The fees you have invested are much more than just fees. It is the skills, time, and foregone salaries of 2 years.
The jobs you land out of a B School are based on your past performance, especially during summer placements. In fact, many high-paying jobs in the B-school placement reports are Summer Internship PPOs.
IIM Lucknow is an outstanding institute considering the ROI aspect. Don’t let yourself into the delusion that MBA is for learning and not for money. If that were the case you would be better off doing a Ph.D. rather than a job.
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