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.
The CAT cutoff for this year at IIM Trichy for the General Category is
Quantitative Aptitude |
70 |
Data Interpretation & Logical Reasoning |
70 |
Verbal & Reading Comprehension |
70 |
Total (Overall Percentile) |
92 |
For female candidates, an extra 1% will be awarded in calculating your final total score for admission.
Despite the cutoff, a certain percentile cannot guarantee your admission. This is because the CAT score is a major but not the only parameter which constitutes the admission criteria. Other factors include the Personal Interview, Work Experience, Gender Diversity, and past academic records. Moreover, your rank also depends on the collective performance of your entire batch.
Since you are only concerned about placements, let me tell you that placement depends not on one but many factors. Some work experience, educational background, presence of mind, knowledge, and obviously luck. Based on your profile the pros and cons you will experience are as follows
Pros
Cons
Lastly, since you are a fresher, before you join a B School, gather knowledge through books or certifications.
The career growth offered by the new IIMs is difficult to analyze as they haven’t been established for long. One cannot infer their worth easily as its alumni are yet to establish themselves in the corporate world. It will take a few more years to determine the growth of CEO alums career-wise.
If you are concerned about the general job prospects, try going through the placement reports of these IIMs. You will get a general idea of the packages and roles offered.
To know if the new IIMs are worth going for, you need to check what you are expecting from these B Schools. If you are looking for basic learning and a small push to kickstart your career, the new IIMs will benefit you. But if you are on the lookout for high ROI, the new IIMs may or may not satisfy your expectations.
The best way to answer your query is to mention the core highlights of MBA from both institutes.
IIT
IIM Trichy
I will sum up my answer with 2 points. If you are looking for job prospects outside India, IITs are a good choice. But within India, IIMs are a better option as their style of Management surpasses that of IITs.
If you are looking just for a brand name and high ROI, then your options are
If you are looking for legacy, established alumni, and faculty with decades of experience within the same institute, your options are
Now let me further elaborate on the last 2 colleges.
IIFT: This institute is a good option for people who wish to get into International business. I can any day prefer IIFT over the new IIMs.
MDI: MDI specializes in Marketing so anyone interested in this sector can go for MDI.
So it eventually depends on you and the specialization you want.
I still don’t understand why people have to choose between colleges. Rather than the institute, what matters is what you learn from the college. Many people from IITs regret not choosing a different field while many are content with their decision. It all comes down to what you like and want to pursue. Coming back to your question, I am going to answer it very objectively. IIT Madras is a good choice from the learning perspective whereas IIM is a good choice from ROI perspective. You are smart enough to gauge the situation. If it’s the money you are after IIM is for you but if it’s the knowledge you are seeking, IIT it is.
Without a second thought, I will say IIM Trichy is the best among these IIMs. To elaborate on my opinion, let’s compare the 3 IIMs on the bases of the following factors
Location: Both Udaipur and Ranchi face a considerable location advantage because of which they have been suffering. Trichy on the other hand enjoys a location advantage owing to its close proximity to Bangalore and Chennai. It lies in the belt of industries.
Infrastructure: The infrastructure of IIM Ranchi is also one of its drawbacks. The classrooms are boring with no case discussion at all. The living conditions here are also scary. IIM Trichy and Udaipur both have excellent infrastructural faculties. IIM Trichy has its own campus which differentiates it from other baby IIMs.
Faculty: The faculty at IIM Ranchi is substandard with very less caliber. They don’t let students question or discuss their teachings. The faculty at Udaipur is better than Ranchi yet, they have started leaving gradually for better IIMs. IIM Trichy on the other hand boasts of a well-learned and experienced faculty.
Placements: The placement scenarios at Ranchi and Udaipur are both very average. While Ranchi complains of inflation, Udaipur only faces serious problems of low package offers. Whereas the placement figures at IIM Trichy are excellent owing to its connectivity.
So the final order is - IIM Trichy>IIM Udaipur>IIM Ranchi
Past academics are one of the many criteria for admission to IIM Trichy. It has a certain weightage but not more than a CAT score. So if you think you have a low CGPA, you should target a very high CAT percentile, something above 98. You can also prepare well for the interviews beforehand to compensate for your low undergraduate scores. One important thing to keep in mind is when asked during the interview the reason behind your low scores, you should have a viable and reasonable answer. Then they might overlook your UG scores and focus on other parameters instead