When it comes to placements, these are the first few names that come into our heads after the top IITs in India. If you open the placement reports of the listed colleges you’d find almost all the big corporate names and it is implied that are they the ones that are making the median and average of these institutes roar.
Here is a table showing a domestic median package for your reference:
Institute |
Median’23 (in INR) |
Median’22 (in INR) |
Median’21 (in INR) |
IIM A |
33,00,000 |
31,49,910 |
27,60,000 |
IIM B |
33,00,000 |
31,20,000 |
28,60,000 |
IIM C |
33,00,000 |
31,00,000 |
27,67,000 |
IIM L |
30,00,000 |
29,00,000 |
23,50,000 |
IIM I |
27,00,000 |
24,00,000 |
22,00,000 |
IIM K |
30,00,000 |
26,00,000 |
20,00,000 |
IIM Indore and SPJIMR are top Indian business institutions with great finance MBA programs. Choosing between the two depends on personal preferences, career ambitions, and location.
IIM Indore, in Indore, Madhya Pradesh, is noted for its rigorous academic curriculum and industry-oriented approach. The finance department offers Capital Markets, Investment Banking, and Corporate Finance courses. Every year, top finance recruiters visit the school, helping the institute's placement record.
SPJIMR, in Mumbai, Maharashtra, is also noted for its academic quality and industry-focused curriculum. The institute's finance program includes Financial Markets and Institutions, Investment Management, and Corporate Valuation. Top recruiters like Goldman Sachs, JP Morgan, and Citibank often hire from the college.
Particulars |
IIM Indore |
SPJIMR |
Highest Package |
INR 1.14 CPA |
INR 77.8 LPA |
Average Package |
INR 30.21 LPA |
INR 33.02 LPA |
Fees |
INR 21.4 Lakhs |
INR 20.42 Lakhs |
Both IIM Indore and SPJIMR provide outstanding MBA in finance programs.
Trying to make sure my answer is as objective as possible, I have mentioned the pros of both institutes namely SPJIMR and IIM Indore. The final decision can be made by choosing the one whose benefits appeal to you the most and matches your inclinations.
SPJIMR
IIM Indore
Not every IIM discloses the placement statistics to the public. But we can definitely say that IIM Ahmedabad has the best placement statistics.
Institute |
Median Salary |
IIM Ahmedabad |
INR 31.49 LPA |
IIM Bangalore |
INR 31.20 LPA |
IIM Kolkata |
INR 31 LPA |
IIM Lucknow |
INR 29 LPA |
IIM Indore |
INR 24.09 LPA |
IIM Kozhikode |
INR 26.5 LPA |
The table above has tabulated the median CTCs of the institutes you asked for.
IIM Indore's Integrated Program in Management is a one-of-a-kind program that anyone can opt for, regardless of what you studied in high school. There is no clear differentiation made between the various subjects based on whether they are humanities, commerce, or scientific subjects.
One of my friends is currently enrolled in this program at IIM Indore. As per the knowledge I have gained from her about the program, the following are the subjects that can be considered as Humanities subjects:
The courses offered should not be viewed as separate subjects, but rather as a single unit with several interconnected sections.
The first-generation IIMs clearly have many advantages over the second and third-generation IIMs. Some major differences include
Various publications promise to help aspirants for IPMAT examinations with their books. In reality, these books are not worth your time. I believe that the syllabus for the IPMAT is at a similar level as that of CAT. So, it would be better for you that you buy popular books which aspirants use for the preparation of the CAT examination.
There are two sections in IPMAT - Quantitative Aptitude and Verbal Ability. To prepare for these sections, you can buy Quantitative Aptitude and Verbal Ability by Arun Sharma. Solve the LOD 1 and LOD 2 exercise available in the book.
It must be noted that books solely cannot help to cover the entire syllabus. You can additionally sit for Mock tests, communicate with mentors for insights and analyze the previous year’s papers. This will help you to get an improved idea about the fundamental structure of the examination.
An Executive Post Graduation Program in Management (EPGP) is apparently constituted for working professionals who have a few years of work experience.
That being said, these programs are usually shorter than the 2 year MBA programs and it usually has minimum years of work experience eligibility criteria. Many a time, corporate firms ask their emerging managers to take these courses so that they can be considered for senior roles.
IIM Indore’s Executive Post Graduation Program in Management (EPGP) is a one-year residential program for professionals with experience.
Here are the eligibility criteria for applying.
Hope this clears your confusion.
You can consider enrolling in Melbourne Business School if you wish to live and work in Melbourne, or any other region of Australia. IIM Indore can prove to be a better alternative if you want to work in India instead. The choice also depends a lot on your expectations from the programs you are looking out for.
Melbourne Business School can provide you with global exposure that can be extremely beneficial for the growth perspective of your career. This makes MBS a better option over IIM Indore. It is Australia's top-ranked business school. For an Indian student, it would be similar to studying at IIM Ahmedabad. If all you want is a diploma and a job, IIM Indore is the place to go.
IIM Indore and XLRI Jamshedpur are renowned Indian management colleges with distinct capabilities. Your career goals and tastes determine which to choose.
Research and analytics are emphasized at IIM Indore. Students and alumni are diverse. Industry partnerships give the institute exceptional placement chances.
XLRI Jamshedpur excels in human resources management and ethics and social responsibility. The institute provides many specializations, including general management, business analytics, and operations management. Academically, XLRI is renowned, and its alumni network is powerful.
Particulars |
IIM Indore |
XLRI Jamshedpur |
Highest Package |
INR 1.14 CPA |
INR 60+ LPA |
Average Package |
INR 30.21 LPA |
INR 30.7 LPA |
Fees |
INR 21.4 lakhs |
INR 25.8 Lakhs |
Thus, when choosing between the two schools, consider your interests and career goals.