Recommendations on joining an IIM:
For individuals who come from top tier engineering colleges (such as IITs or BITs) and have a salary of more than INR 10 lakh per year in the tech sector:
For individuals who are not from top colleges and have a salary of less than INR 5-6 lakh per year:
For individuals who come from top tier engineering colleges and have made poor decisions in their lives:
For entrepreneurs or aspiring entrepreneurs:
IIM Tiruchirappalli (IIM Trichy) is a prestigious business school in India known for its rigorous academic schedule and focus on all-around development of students. The day at IIM Trichy begins early in the morning and can stretch late into the night, a schedule that students refer to as "the marathon run." In addition to their academic coursework, students at IIM Trichy are expected to stay current with global events and are encouraged to participate in extracurricular activities and student committees. These activities, which range from sports and cultural events to academic clubs and committees, help students develop leadership skills, broaden their worldviews, and become active members of the IIM Trichy community. The institute also has a well-equipped library, known as the Learning Resource Centre (LRC), that offers access to a wide range of research resources and databases.
IIM Trichy also has state-of-the-art computer and printing facilities, as well as six student hostels that provide accommodation for men, women, and differently-abled students. Other facilities at IIM Trichy include a behavioural lab, sports facilities, and a cafeteria.
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.
Preparing for the CAT again is a hefty task and requires a lot of motivation. So I will suggest that you forgo your offer to join only under the following circumstances
If your situation does not involve any of the three cases then going for IIM Trichy is a wise decision. It’s a second-generation IIM and older than the newly established IIMs. Moreover, you will still get the IIM tag, and chances are that by the time you pass out from the institute, it has gained more reputation.
The worth of a certain program depends on what you want to achieve after completing it. In case you want to just ameliorate your knowledge and skills, this course is indeed the finest option. But if you are pursuing it to receive a high-paying package, then your approach is wrong. Yes, it will open doors for better job prospects but you cannot directly grab a high-paying job right off the bat.
Some major highlights of this course are as follows
Before I end my answer I will ask you to keep 2 points in mind. Firstly, this program is extremely demanding and you should not take it just as a side hustle. It needs complete involvement and determination on your part.
Secondly, no placement opportunities are offered upon completion of this program so you shouldn’t rely on the placement committee.
There are multiple reasons that cause the waitlist movement of IIM Trichy to slow down. Some include
So all you can do is wait for the top IIMs' waitlist movement.
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.
I think firstly you need to change your mindset. Rather than pondering on which college is better, ponder on which college is better for you. Analyzing your situation this way will enable you to make a wiser decision. This is because only you truly know what you want from your MBA degree, and that is the sole basis for deciding your choice of college.
Now identifying your own interests and preferences might be a tricky task. I have some tips that might help you know your forte.
Checking all these aspects might help you come up with a healthy decision. Don’t be hasty to choose a B School as this decision will affect your career.
New IIMs are being projected as amazing institutes when the truth is far different. The media is relaying false information for the sake of publicity.
So I will personally recommend the following not to join any new IIMs at any cost.
I will recommend the following to join any IIM
These recommendations are based on the expectations of many. But please don’t consider joining the new IIMs unless it’s the last option you have.
The answer to this question depends directly on you and your profile.
You should forgo your offer at IIM Trichy if
You should go for Trichy if
I hope I made it easy for you to make a wise decision. Just remember that IIM Trichy is one of the best among the new IIMs so joining it won’t be futile.