Get Answers on Test Preparation, Admissions & Campus Life
Study Abroad Countries
Is 60 LPA a good salary for the IT industry with 12+ years experience in Bangalore having both an IIT IIM combination?
Yes, 60 LPA is indeed a pretty decent salary for someone working in the IT industry. In fact, after 12 years do people even work for a salary anymore? I think their work-life needs other factors for motivation. These include your growth in the particular field, your understanding of the recent trends, you are being able to undertake risks successfully, or the recognition of things that might be beneficial for you in the long run. What I mean is after a long period of 12 years your salary is no longer the motivating factor. So instead of looking for a higher salary, focus on your own life and personal growth.
Is it a better choice for choosing FMS Delhi over IIM A or IIM B when compared to placement salary?
There is no question at all if you are optimising for salary in the short term. On average, you would earn more at IIM Ahmedabad and Bangalore than at FMS. In the long run, it will be much more dependent on you and a little bit on the profile you want to work in. However, ceteris paribus and on average IIM Ahmedabad or IIM Bangalore will earn more or as much as an FMS grad. Choose A or B if you want to maximise your placement salary.
Whether you should optimise for placement salary is a different question, and the answer depends on what you want to do with your life.
Is it a better choice for choosing FMS, Delhi over IIM-B and IIM-C?
No, choosing FMS Delhi over IIMB or IIMC is definitely not a good decision as you will be missing out on so many opportunities. Some of them include
- Student exchange programs: The top 3 IIMS have student exchange programs wherein almost 30% of the batch spends one term at a European B School. Also, IIM Calcutta is a part of CEMS. 25 students from IIMC are offered the most coveted CEMS MiM degree.
- Placements: Without any doubt, the top IIMs have the best placement drives than any other B school in India. All the major companies like McKinsey, BCG, Bain, and AT Kearney visit the campus and hire 50+ students every year. Even if the same companies visit FMS M, the roles offered are different. Also despite being good for marketing, the biggest giants in FMCG don’t visit the campus regularly. So top jobs are offered at IIM ABC and FMS misses out on this opportunity.
- Campus Life: With no hostel facility, FMS Delhi has non-existent campus life. Meanwhile, all the other IIMs have beautiful campuses, excellent infrastructure, and hostel facilities.
- Brand name: Without any doubt, IIMs have a bigger brand name than FMS.
- ROI: ROI or Return on Investment is higher for IIMs than FMS in the long run. Although due to the payment of loans initially, ROI will seem less than FMS(low fees), that’s not the case. IIMs provide better opportunities, global recognition, and an alumni base that add to the ROI value.
You won’t lose anything from joining IIMS over FMS.
How is the life at IIM Bangalore?
Life at IIM Bangalore is great. The classroom sessions are one of a kind. You will get to learn from the best minds in the management sector. Peer learning opportunities are ample. IIM Bangalore follows a trimester pattern - three terms per year. The weekends usually go by in a blur preparing for quizzes and academics.
IIM Bangalore offers an enviable hostel life. Food is great. You will get to spend time with some of the sharpest minds in the country. The campus is beautiful and has excellent facilities.
How difficult is it to get into IIM Bangalore?
In order to get admission to any school, one needs a lot of determination and consistency. IIM Bangalore is a highly reputed B school and every year thousands of students try to get into the college making the competition even more difficult. Moreover, you compete with some of the most intellectual individuals so you cannot let your guard down.
The primary requisites to get a call from IIM Bangalore are mentioned below:
- Maintain good grades throughout your academic career if your goal is IIM Bangalore from the very beginning. Try to score at least 85–90%+ in your 10th, 12th, and 75–80% in graduation.
- Gain good work experience as this will boost your profile a lot.
- Target a high CAT score above 99.
If you have fulfilled all the above points, you are likely to get a call from IIM Bangalore. After shortlisting another major challenge is clearing the interview round. For this, you need to prepare well in advance. Be aware of your strengths and weaknesses. You will be interviewed about your academics, work experience, and goals. No matter how good your profile is, your performance in the interview can break or make your career.
Keep pushing yourself to perform better and make it to IIM Bangalore!
What are the books IIM A, B, and C follow for finance, marketing, strategy and operations management?
books used at IIM A, B, C for key subjects:
Finance: Brealey, Myers & Allen (Corporate Finance), Damodaran on Valuation, Ross Westerfield Jordan (Fundamentals of Corporate Finance)
Marketing: Kotler & Keller (Marketing Management), Keller (Strategic Brand Management), HBR case collections
Strategy: Porter (Competitive Strategy, Competitive Advantage), Grant (Contemporary Strategy Analysis), Collis & Montgomery
Operations Management: Chase, Aquilano & Jacobs (Operations Management), Chopra & Meindl (Supply Chain Management)
Organizational Behavior: Robbins & Judge (Organizational Behavior)
Economics/Macro: Mankiw, Dornbusch Fischer
IIMs primarily use the case method — Harvard Business School cases form a large part of the curriculum across all subjects. the textbooks above supplement case discussions. HBR case collection is essentially the core material. IIM Ahmedabad especially is known for its case-heavy pedagogy. buy the textbooks but spend most preparation time on cases and their analytical frameworks.
Why is IIM Bangalore better than IIM Ahmedabad?
There’s a never-ending comparison between IIM A vs IIM B vs IIM C. Naturally, there is no definite winner. The reasons why some people consider IIM Bangalore to be better are as follows.
Course Curriculum: The curriculum and pedagogy are designed in such as way that you will get all-around opportunities in each term. IIM A has a rigorous academic curriculum for the first year. You won’t get much time to explore any other activities besides academics there. While your IIM B journey will start with a war of sections, i.e. an inter-sections event with various competitions that goes on for one week.
Credit Division: IIM B has a balanced credit division, i.e. 55% in the first year and 45% in the second year. While IIM A assigns almost 67% of credits for first-year and 33% credits for second-year. So, you will get more time to bond with your classmates and seniors at IIM B. You will have the freedom to pursue your interests other than academics as well.
NSRCEL: NS Raghavan Center for Entrepreneurial Learning at IIM B is more than just an entrepreneurship center or cell. It offers one core and one elective course. The coursework includes real start-up work.
Placements: IIM A, and IIM B both have excellent placement records. But due to the process around the top 20-30% of students get multiple placement offers. While IIM B follows an algorithm that ensures that the whole batch gets a fair shot at all companies.
Students usually choose IIM B over IIM A for its more balanced course structure.
Which one is better, IIM Bangalore or IIM Ahmedabad?
IIM Bangalore and IIM Ahmedabad are the Top Schools in the country. Both IIM Bangalore and IIM Ahmedabad are top institutions that offer World-class management education, so you can't go wrong with either choice. Determining which is better between both Institutes depends on various criteria such as your Personal Preferences, Fees, Location, Career Goals, Placement Packages and much more. Here is a brief comparison between the two.
| Particulars | IIM Bangalore | IIM Ahmedabad |
|---|---|---|
| Established | 1973 | 1961 |
| Total Fees | INR 24.50 Lakhs | INR 25 Lakhs |
| Batch Size | 480 | 395 |
| Ranking | 2 (NIRF) | 1 (NIRF) |
| Placement | Highest Package : INR 1.15 CPA Average Package : INR 35.31 LPA | Highest Package : INR 1.15 CPA Average Package : INR 34.36 LPA |
| Top Recruiters | Infosys, Jindal Shadeed, JP Morgan Chase, Goldman Sachs | Accenture, Boston Consulting Group, Consulting, TCS, Goldman Sachs, Adani |
Should I join IIM Bangalore given that I am already earning 20 lpa (base) at Amazon?
No, I don’t think you should join IIM Bangalore and pursue MBA given that you are already receiving INR 20 LPA (base).
If your base is INR 20 LPA then the package should be around INR 25 LPA. An MBA from IIM Bangalore will also get you placed with a similar package maybe around INR 30 LPA. This does not make much difference considering the high fees you will have to pay. In Fact you will be leaving out the market risk, performance, opportunity costs and the increment that you will probably get in the next two years.
So an MBA from IIM Bangalore does not seem a good option since you are already working at an esteemed organization with an above average salary.
What is the fee for SC/ST students in IIM A, B, and C?
There is no concession for SC/ST students in IIM A, B and C. But this is not a major issue.
IIMs offer a lot of financial aid services to financially weak people. In some cases, the entire fee is paid by the college or some part. It depends on the judgment of the panel on the basis of your situation.
All IIMs offer educational loans at a relatively low interest rate. Banks usually consider IIM students as a profitable investment. So rather than worrying about the money, focus more on your goals.
SUBSCRIBE TO OUR NEWS LETTER
