Which IIM to prefer out of 6 new IIMs (IIM Kashipur, IIM Raipur, IIM Ranchi, IIM Rohtak, IIM Udaipur, IIM Tiruchirappalli)?
Since almost all the new IIMs have a common performance rate these days, it’s quite a dilemma to choose one among them. Some make their choices on the basis of placement reports while others prefer locational and campus-related factors.
Let me give you 2 solid reasons why placement reports are not a good basis for judgment.
- The salaries mentioned in the placement reports are on CTC basis and therefore would be highly inflated as is the case with all Indian B-School.
- If you look closely at the placement reports of the new IIMs, you will see that the figures are almost the same.
This can leave you more confused.
Another factor people consider is the location. Apart from Rohtak, almost every IIM has a locational issue. Even the faculty and pedagogy are similar. So the overall difference in these colleges is completely dependent on your mindset and willingness to struggle.
Now I have come up with a unique parameter to make your decision a tad bit easier. This factor is the specialization you are willing to pursue. To make it easier, let’s consider the following specializations and the IIMs that excel in each of these respective categories.
- Human Resources: For this specialization, the best among the new IIMs are IIM Ranchi and IIM Trichy.
- Marketing: If you are interested in the Marketing domain, the best options for you are IIM Raipur, IIM Ranchi, and IIM Udaipur.
- Finance: For a stable career in Finance the preferred IIMs include IIM Trichy and IIM Udaipur.
However, for this, you need to be certain of the field you are interested in. In case you are not yet certain, go for any one of these 3; Ranchi, Raipur, or Trichy.
Comments
There is no such big difference between these 6 IIMs. All 6 of these institutes have their advantages and disadvantages. So, you won’t miss out much if you choose one of these IIMs over the others.
As per the placement highlights, IIM Ranchi has a better placement record. The highlights of IIM Ranchi placement 2021 state an average CTC of INR 15.11 LPA. While the median CTC offered was INR 14.69 LPA.
As per the location IIM Rohtak is better, due to its proximity to NCR. It’s easier for students to get placements and live projects. The academics are more or less the same at all of these IIMs. Most rankings usually put IIM Ranchi first, on a overall scale.
Comments
IIMs are some of the best colleges for management studies in India. Getting accepted by old IIMs is extremely hard even if you have a great percentile. The admission criteria followed by the old IIMs is really rigorous and closely follows your past academic records. Even students with 99 percentile do not get a call because of their poor past academic performance.
Breakdown of academic requirements for old IIMs:
- IIM Ahmedabad: The college invites all their sectional and overall toppers irrespective of their academic records. It only accepts 99.9%ile which means top 50 CAT toppers.
- IIM Bangalore: The college invites candidates that have scores above 95 percentile and have good academic records, good work experience and extracurriculars.
- IIM Calcutta and IIM Indore: Both the colleges consider 10th and 12th marks along with CAT scores for the personal interview and for the written ability test.
- IIM Lucknow and IIM Kozhikode: They invite candidates with high percentiles like 99.7%ile and consider graduation marks before offering a seat.
- IIM Shillong: The college does not give too much weightage to marks in the final round of evaluation but they don’t invite candidates who have less than 80% in 10th and 12th level and 65% at the college level.
Following table gives a brief insight on the IIMs:
|
Categories |
IIM Kashipur |
IIM Raipur |
IIM Ranchi |
IIM Rohtak |
IIM Udaipur |
IIM Tiruchirappalli |
|
Course Fee |
12.26 lakh |
8-14.2 lakh |
9.75-14.76 lakh |
16.55-30.75 lakh |
15.5 lakh |
11.9-16.8 lakh |
|
Placement Percentage |
100% |
100% |
98% |
100% |
100% |
100% |
|
Highest CTC |
45 LPA |
25 LPA |
27 LPA |
24 LPA |
20-40 LPA |
35.15 LPA |
|
Average CTC |
13.82 LPA |
14.53 LPA |
12 LPA |
13.67 LPA |
13.16 LPA |
14.91 LPA |
The new IIMs are emerging good business schools as well in terms of placements and recognition. Also, technically these aren’t new IIMs, there are six other new IIMs that have been set up; like Nagpur, Sambalpur, Bodhgaya, Visakhapatnam, Amritsar, and Sirmaur.
If you have a 99 percentile in CAT, you can also get a call from some of the top premier business schools in India like FMS, SP Jain, MDI Gurgaon and NITIE. These are as good as IIMs. You also give other management exams like IIFT, XAT, SNAP and more to increase your chances.
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