One of my friends studied at IIM Udaipur and here are some facts he mentioned, which might help you get to know it a bit better.
Faculty
Infrastructure
The campus is however still under construction and many other facilities will come up, most notably a sports complex. So, these are some of the facts about IIM Udaipur about their faculty and infrastructure.
For Finance, IIM Trichy is the best option. It has a great faculty base for this domain. Most of the faculty members are from IIM ABC. It is among the handful of B-School in India that has an association with CFA.
According to the highlights of IIM Trichy placements 2021, 15% of the placement offers were made from the finance sector. The average CTC offered by the recruiters from this sector was INR 17.67 LPA.
In 2022, the VGSOM IIT Kharagpur business school achieved a 100% placement rate for its students. All 97 students who registered for the placement process were successfully placed in jobs. The highest salary package offered during the placement process was 31.98 LPA, while the average package was 19.36 LPA. These strong placement results demonstrate the success of VGSOM IIT Kharagpur in preparing its students for the job market and the value that employers place on its graduates.
Here is an individual's experience at IIT Roorkee, which was one in which he received admission to the institute in 2004 after having eight years of work experience. At that time, the management programs at IITs were relatively new and placements were not as strong as they are now. Despite this, he decided to attend IITR and focus on their studies and enjoying their MBA experience, rather than worrying about job prospects. As a result, he performed well academically and was able to secure an okay job in the IT industry. Through hard work and dedication, he was able to triple his salary within four years and work on projects in various countries. Ultimately, he retired in 2010 to travel and is still doing so seven years later. He believes that both IITs and new IIMs are good options for business education and that it ultimately depends on the individual's goals and priorities. He advises focusing on academics and enjoying the experience, as a job will eventually be obtained.
Out of the IIMs like IIM Rohtak, IIM Raipur, and IIM Udaipur, IIM Ranchi may be the best choice for several reasons. Firstly, despite being an IIM, IIM Ranchi is relatively new and is still working towards building a reputation for itself. On the other hand, IIM Ranchi is an established institution that has been around for longer and can be trusted for its campus, faculty, and placements.
Additionally, as a newer institute, IIM Ranchi may be more focused on making a mark and establishing itself as a top business school, which could potentially lead to a more dedicated and driven faculty and student body. Overall, while all the IIMs are highly regarded institutes, IIM Ranchi may offer a unique and potentially more rewarding experience due to its status as a newer institute.
Your parameters to judge a college are wrong. You cannot decide a college’s suitability and worth just through these points. You need to look up at what it is offering currently and where it will be standing in the future. Let’s divide this into 2 parts
Short-sighted approach: This includes analyzing the present opportunities offered by the college, its placement reports and the companies it attracts. Most students focus on this only which is not right. It sure is important to look up and compare the opportunities provided by the two colleges. But this cannot be the sole factor in deciding it.
Long-sighted approach: This involves researching and analyzing where the college stands in the future, maybe in 10-15 years. This is especially important in case of IIMs which carry the hierarchy of the older IIMs and have a credibility to climb the ladder. You check the potential of the college because it won’t be just a source to kick start your career but will remain attached to you for the rest of your life.
So what you need to do first is look up at and compare the opportunities offered by the 2 colleges and then see which college has the most potential.
If I had to make a choice between the two colleges, my decision would have been to go for XLRI-NCR campus. Some strong points that favor my opinion are
Particulars |
IIM Udaipur |
XLRI NCR |
Batch Size |
315 |
427 |
Number of recruiters |
184 |
99 |
Highest CTC |
INR 35.96 LPA |
INR 49 LPA |
Average CTC |
INR 19.5 LPA |
INR 27.58 LPA |
I hope the above points are enough to convince you to go for IIM Udaipur.
IIM Udaipur is a prestigious and exceptional institute that offers a comprehensive MBA program. IIM Udaipur is one of the 20 IIMs that have been established in India. The institute, which was founded in 2011, is located on 300 acres of land in the picturesque city of Udaipur, Rajasthan. The beautiful city of Udaipur provides an ideal backdrop of heritage and history for the institute to make a distinct mark in the region's management education. AACSB-accredited, the institute currently offers a two-year full-time MBA program, two one-year MBA programs, and a doctoral program in management.
IIMU's infrastructure is excellent, with Wi-Fi available throughout the campus. Every cluster has Wi-Fi, and students have access to a well-equipped library as well as online library resources. On campus, there is also a gymnasium and medical services.
The MBA class of 2022 had a 100% placement rate, with 315 students participating in the placement drive. The highest CTC for the MBA class of 2022 was INR 35 LPA, while the average CTC was INR 17.5 LPA. Among the top recruiters who visited the campus were Goldman Sachs, Amazon, ICICI Bank, Pidilite, and Cisco Systems. Among the many positions available to students were product management, general management, sales, and marketing.
I don’t see why people keep comparing the older IIMs to newer ones. No matter how good a new IIM is doing, it can never compare to an older established IIM. The same is the case here. IIM Trichy and IIM Udaipur are indeed growing at an excellent rate, but IIM Shillong still is the winner of the race. This is because of its early establishment and being a member of the top IIMs family BLACKIS. That in itself is an accomplishment that the new IIMs have failed to achieve.
IIM Shillong is the 7th IIM and is among the top B Schools in India. Ever since its establishment, it has been growing at a tremendous pace and its placements are a testament to that. The brand value it enjoys because of being a part of BLACKIS is much more than any new IIM. This brand value helps you in the long run.
IIM Udaipur has 305 students in the 2023 batch; around 71% of the batch included engineers and the rest 29% included students from Commerce, Science, Management, etc. Then there were 35% of freshers, including engineering freshmen and students from various other backgrounds.
Among the batch of 305 students, around 301 students appeared for the 2023 placement drive and all of them were placed. IIM Udaipur provides placement opportunities to both freshers and experienced people.
During the placement drive, some companies hire students with work experience only and some are open to hire freshers. Therefore the institute creates different batches for freshers and for students with work experience, so that both types of students can be placed.
After MBA, the students are placed in various sectors. So even if you are not from an engineering background, there are multiple job roles in sectors other than IT, Analytics and Manufacturing. The non-engineering students are eligible for job roles in sectors like BFSI, Consulting, E-commerce, Education, FMCG/ FMCD, Pharma/ Healthcare, etc. They are eligible for job roles in Consulting, Finance, General Management, Product Management, Sales & Marketing & Business Development.
The report in question was published in 2017, and I can’t comment on its authenticity. But my brother is pursuing his MBA from IIM Udaipur, so I can tell you about the current placement scenario.
IIM Udaipur follows the IPRS standards in publishing its placement report. The report is audited to make sure of the same. In simple terms, the placement report contains information only about one year's salary of the candidates, and gives a thorough breakdown between base pay and variable pay.
Elements like ESOPs or Bonuses, that are receivable after a certain period of employment, are not mixed up with the regular pay details. IIMU does not inflate the figures when publishing its summer internship and final recruitment data.
Here is some information on the 2023 final MBA placements at IIMU-
Salary Head - Domestic Offers (INR)
Parameters |
Min |
Max |
Median |
Basic Salary |
2,10,000 |
21,25,000 |
5,60,000 |
Additional guaranteed Cash Component |
28,200 |
18,12,444 |
8,32,200 |
One time cash component |
35,000 |
7,30,000 |
2,50,000 |
Total guaranteed cash payments |
9,04,700 |
38,30,000 |
15,46,976 |
Maximum earning potential (including non-cash, long term and performance linked components) |
12,62,600 |
46,76,700 |
18,53,244 |
I would highly suggest you go through their official placement report to understand my point.