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I have converts from IIM Trichy, Rohtak, Udaipur and Raipur. Which one is the best for a finance guy?
IIM Trichy and IIM Rohtak are superior to Udaipur and Raipur.
Because of their location, the former two IIMs have an advantage over the latter two. One is close to a prestigious engineering college, while the other is a short distance from the capital.
In the 2020 National Institutional Ranking Framework (NIRF) management school ranking, IIM Trichy was ranked 15th. Goldman Sachs offers INR 21-23 LPA; JP Morgan offers INR 21 LPA; Axis Bank offers INR 18-20 LPA, and ICICI Bank offers INR 20-22 LPA.
IIM Rohtak is also a good option for a Finance MBA. It has a favorable environment for Finance specialization. The institute has a strong faculty. The student population is competitive. You will be in classes with gifted students. The peer group is also quite diverse. There are people from various academic and cultural backgrounds present.
Is it worth pursuing an MBA from IIM Trichy? I am a business consultant making 6LPA now, so worried about the financial results from Tier 2 IIM.
Joining an IIM solely to get placed at a high-paying job is not the right perspective. A working professional should pursue an MBA to enhance his skills and acquire extra knowledge. You should be looking for the following in an MBA
- The new skills you will acquire
- Understanding of the new tactics of Businesses
- Learning the art of discipline and other work ethics
- Bonding with people from diverse cultures and hierarchies.
- Conducting case studies and broadening your problem solving skills.
Only if you value these aspects can IIM Trichy benefit you in any way. But if you focus just on ROI, it’s high time you target IIM A B and C only.
Are New IIMs (Trichy, Udaipur, Ranchi, Rohtak, Raipur, Kashipur) good for MBA in Finance? If not suggest some B-schools. Really interested in investment banking.
Honestly speaking, a career in investment banking should not be considered by the new IIMs. It’s a too ambitious profile to match the relatively new curriculum of these IIMs. Even if you are in a top B School, you will have to remain among the top students to get placed for a front-end role. One can still get roles in corporate & business finance but getting roles in Investment Banking is rather difficult.
Yet if you are not choosing an older IIM and want to choose a newer one, IIM Trichy is the best among them. The order is
IIM Trichy > IIM Udaipur > IIM Ranchi
There are many B Schools apart from IIMs that offer great Investment Banking roles. These include SPJIMR, JBIMS Mumbai, IIFT, and XLRI.
Which new IIM (Udaipur, Ranchi, Raipur, Rohtak, Trichy and Kashipur) has the potential to join the league of ABC in future? Why?
Comparing the new IIMs with the IIM ABC is rather ridiculous and not justified. Considering factors like infrastructure, faculty, and alumni base, the top IIMs are way ahead of the new ones. Even if the new IIMs tackle the infrastructure and faculty issue they can never match the extraordinarily strong alumni base of the older IIMs. The IIMs A, B, and C have given birth to many geniuses that have contributed largely to Indian society in various fields like arts, literature, sports, etc. They have even made impressions globally.
No matter how fast the new IIMs climb up the ladder and excel, they will never be able to match the alumni base and worth of older IIMs.
How would you compare New IIMs primarily Raipur and Trichy to SIBM Pune?
I think you mean how the new IIMs can be compared to SIBM Pune. Rather than comparing, I will tell you what and why people are preferring the former over the latter.
Despite SIBM being an already well-established B School with better placement opportunities, many students prefer IIM Trichy over it. There are two major reasons for the same
- IIM tag
- IIM Trichy seems to be growing fairly well
The fact that people prefer it over SIBM, clearly speaks of its position in the future. Also, the IIM Tag seems very tempting considering its long-term benefits.
So go for SIBM Pune if you are only looking for a high-paying job. But for futuristic benefits, any new IIM will do.
Which is preferred: IITB, SJMSOM, or newer IIMs like Trichy, Ranchi, etc.?
If you are considering attending a top 20 college in India and are looking for a competitive atmosphere, good infrastructure, a strong alumni network, and high salaries upon graduation, then IITB SJMSOM may be the better choice. However, it's worth noting that some of the courses offered at newer IIMs, such as IIM Trichy or IIM Ranchi's HR program, have gained a lot of recognition in recent years. While these institutes may not yet have the same level of prestige or alumni network as IITB, they should not be underestimated.
It's important to remember that salary outcomes are largely dependent on individual performance in business school. Even if you attend a younger IIM, you may still be offered a lower salary than a top-performing student at IITB if your results are not as strong. Ultimately, the best choice for you will depend on your personal priorities and the specific programs and resources offered at each institution.
What is the course fee for the PGPBM course at IIM Trichy?
The total fee for the PGPBM program comprises two parts:
- Non-refundable Course Fee – Rs. 11,80,000/- plus applicable taxes
- Refundable Caution Deposit - Rs. 10,000/-
The non-refundable course fee includes
- Tuition
- Library
- Case Permission Royalty
- Textbooks
- Academic Course Pack
- Examination
- Alumni activity
The fee is for the total course and is not related to the number of terms. However, for ease of payment, the course fee is structured to be paid in eight installments, the first one amounting to Rs. 2,10, 000/- and Installments II to VIII amounting to Rs. 1,40, 000/- due every three months. The date of payment of the fee installments will be announced by the PGPBM Office.
How would you rank IIM Udaipur, Trichy, Ranchi, and Raipur?
It is difficult to provide a definitive ranking of business schools as the best choice will depend on your individual priorities and goals. To determine which among IIM Udaipur, Trichy, Ranchi, and Raipur is the best fit for you, it is important to consider factors such as the curriculum and placement opportunities in your desired field, the focus on research, the availability of Students Exchange Programs and other opportunities for exposure, and the overall perception of the school.
If you have a specific field or area of focus in mind, you should look for a B-school that offers a strong curriculum and good placement prospects in that area. If you are interested in gaining hands-on research experience, you should consider schools that have a strong orientation toward research. If you are looking for opportunities to gain exposure and experience through programs like student exchange, you should consider schools with a strong track record in this area.
If you do not have a specific priority and are unable to identify a clear difference between the opportunities offered by different B-schools, you may want to consider their perception. While this can be difficult to quantify, their overall perception can impact the quality of your peers and the overall learning environment. To judge the perception of a B-school, you should do your own research and consider factors such as the reputation of the school, the accomplishments of its faculty and alumni, and the resources and support available to students. Ultimately, the best choice for you will depend on your personal goals and priorities.
Which would be the best choice among IIFT Kolkata, IIM Trichy and other new IIMs for someone with strong interests to pursue a career in finance?
IIM Trichy is an ideal choice for pursuing a career in Finance. Many reputed banks visit the campus for recruitment like Citi, ICICI Bank, and YES Bank. This year the Finance sector accounted for 15%of the total placements. The highest CTC stood at INR 20 LPA whereas the average CTC stood at INR 17.67 LPA.
The IIFT program of Kolkata may have an upper hand due to its location but it’s not at par with IIM Trichy. If you are interested in the program I suggest you go for the New Delhi one.
The new IIMs are somewhat similar to Trichy but they won’t help you kickstart a career directly in finance. You might have to take baby steps to enter the Finance sector. So it’s best if you choose IIM Trichy only.
Which college is better suited for a 3-year work experience engineer between NMIMS Mumbai and IIM Trichy/Udaipur?
Firstly let me clarify something. The 3-year work experience is not a suitable deciding factor for choosing a college. You should decide on a college on the basis of these parameters
- Placements
- Brand value
- Batch-size
- Alumni Network
- Location
- ROI
Now I will further compare the pros and cons of NMIMS and newer IIMs
Pros
NMIMS
- Has a better location than Trichy or Udaipur
- Has a stronger alumni base
- Is good for a career in Finance
New IIMs
- The IIM tag in itself is a major advantage
- The new IIMs are growing at a good speed
- The Batch-size is smaller than NMIMS
Cons
NMIMS
- High fees
- Large batch-size
- Deteriorating brand value
- Average placement opportunities
New IIMs
- Weak alumni network
- A slight location disadvantage when compared to NMIMS
Now it’s your job to analyze which pros are more important for you to avail and which cons can be a major hindrance in your career.
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