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Which college should I choose between IIM Shillong and NMIMS?
You should choose IIM Shillong. In terms of brand value, average package, placement opportunities, and ROI, it is better. During IIM Shillong placements 2022, the median CTC received by the students was INR 22.28 LPA. The highest CTC was INR 55.22 LPA.
Although IIM Shillong has a locational disadvantage, you will benefit from the brand value, in long run.
Which is better recognised in the U.S. for job vacancies, IIM Shillong or Great Lakes Institute of Management, Chennai?
An IIM Shillong degree will offer comparably better job prospects in the US. The IIM brand value can give you a lot of advantages while looking for jobs, off-campus. If you have work-experience, the opportunities offered by IIM Shillong and GLIM through campus drives are similar.
IIM Shillong placements 2022 ended with a median CTC of around INR 20 LPA. Great Lakes Chennai placements 2022 witnessed an average CTC of INR 16.86 LPA.
Which college should be preferred? SIBM Pune or IIM Shillong?
Most MBA aspirants prefer IIM Shillong over SIBM Pune. Having an IIM degree certainly offers some perks. You will get better placement opportunities and exposure. IIM Shillong placements 2022 had an average CTC of around INR 21.71 LPA. The highest CTC offered this year was INR 32.2 LPA. The institute offers a high ROI.
Which IIM is better, IIM Shillong, IIM Ranchi or IIM Rohtak? Why?
Among these IIMs, IIM Shillong is the best option. Being an older institute it offers better course content, faculty, placements, extra-curricular and industry connections. It has a beautiful campus well-equipped with good facilities.
The institute has a great placement record. For the 2022 batch, IIM Shillong placements had an average CTC of INR 23.10 LPA. While the median CTC was INR 22.28 LPA.
Your preference order for these institutes should be IIM Shillong>IIM Ranchi>IIM Rohtak.
TISS at Mumbai is a famed institute. Why should a person opt for it? What career and personal goals one should set once he/she joins it? Is this a better choice compared to IIM Shillong?
Comparing TISS with renowned B-schools such as - XLRI (Jamshedpur), IIM (Shillong) will show that it is at par with them. TISS is one of the premier institutes in the Social sciences department. TISS, as a research institute is well equipped. The graduation degree is of standard quality as well, it will be worth your time and money.
At TISS, HR is not amongst the highlighted courses. It is Social Work and other public policy and development related courses that are at the forefront. HR, as a course, is parallel to the management side of the education TISS has included it in the course list. Apart from HR, TISS also has another management program which is the Social Entrepreneurship course.
Now, let’s sum up the plus points of TISS, as the best-selected option:
|
NAAC Accreditation |
'A' (It has been rated as the best university for Social Sciences in India) |
|
Faculty |
Best HR faculty in India; Extremely helpful and encouraging professors. |
|
Placement Percentage (2020) |
80-90% |
|
Highest CTC |
INR 32LPA. (Its recruitment standards are equal to XLRI PMIR) |
|
Average CTC |
20.60 LPA |
|
Recruiting Companies |
KPMG, Urban Management Centre, Amazon, CitiBank, etc. |
|
Best courses |
HR; MPH; MHA |
TISS, when it comes to HR, is definitely a more suitable option than IIM Shillong. However, a comparison cannot be set between the two colleges, in totality. Both of these educational institutes have different specialization courses. Therefore, a common leveling ground is absent.
These are the stand-out features of TISS but a comparison with the IIMs is not justified, as they both deal with different subject matters at different levels.
Can I get a call from IIM Shillong at 92.24 percentile?
Generally, in the case of IIM Shillong, the overall cut off percentile for the general and the OBC category is 80, and 50 for the SC category. The aforementioned scores make up the basic eligibility criteria for the programs offered at IIM Shillong.
For the year of 2019, the cut off percentile for Round 1 of PGPM, Post Graduate Program in Marketing, and Post Graduate Program in Organizational Behavior and Strategy was 90. Therefore, based on the previous year’s cut off, it is possible for an individual to receive a call from IIM Shillong with a 92.24 percentile. However, whether or not one receives the call depends upon certain other factors:
- Past academic records: Those with better scores in their 10th and 12th examinations would have a better chance of receiving a call.
- Academic diversity points: Students from diverse fields that are other than the fields within Engineering, get an edge during the process. So, if you are from an academically diverse background, you have a better chance of getting a call with a 92.24 percentile.
- Gender diversity: In order to be able to maintain the gender ratio, whether or not you get selected might be influenced by this component later on in the process.
- Work experience: Those with an adequate number of years of work experience would be preferred over those who do not have any prior work experience.
These are some of the factors that might influence whether or not an individual would receive a call from IIM Shillong at a 92.24 percentile.
Which college would you go for if you were interested in an MBA in finance among new IIMs, IIM-S, XIMB, IMT-G, IIT-M, IMI and TAPMI?
Almost all of the colleges listed here are in the top 20 list of MBA colleges in India for Finance. Among the new IIMs, the ones good for Finance are IIM Ranchi, IIM Rohtak, IIM Raipur, IIM Udaipur, and IIM Kashipur.
Admission Criteria
Given below are the admission criteria for the institutes mentioned in the question.
- IIMs take admission based on the performance of the students in CAT/GMAT. For final selection into the program, IIMs conduct Written Ability Tests (WAT), Group Discussion (GD), and Personal Interviews (PI).
- XIMB accepts admission through CAT/GMAT/XAT score + WAT + PI + GD.
- IMT G takes admission through CAT/XAT/GMAT/CMAT score + Group Exercise (GE) + Personal Interview (PI).
- IIT M selects students for admission based on their performance in CAT/GMAT + WAT + PI.
- IMI Delhi accepts CAT/GMAT/ATMA/CMAT/XAT score and students are selected based on their performance in Extempore, Essay Writing, and Personal Interview.
- TAPMI selects students based on their CAT/GMAT/XAT scores which is followed by WAT, PI, and GD.
The table below draws a comparison of the MBA program offered by the institutes.
|
Institute |
Fees |
Highest CTC |
Average CTC |
|
New IIMs |
IIM Ranchi- 15.30 lakhs |
IIM Ranchi- 26 LPA |
IIM Ranchi- 15.02 LPA |
|
IIM Rohtak- 14.65 lakh |
IIM Rohtak- 24.13 LPA |
IIM Rohtak- 13.7 LPA |
|
|
IIM Raipur- 14.20 lakhs |
IIM Raipur- 24.06 LPA |
IIM Raipur- 15.2 LPA |
|
|
IIM Udaipur- 13.75 lakhs |
IIM Udaipur- 27.5 LPA |
IIM Udaipur-13.2 LPA |
|
|
IIM Kashipur- 10.58 lakhs |
IIM Kashipur- 28 LPA |
IIM Kashipur- 12.17 LPA |
|
|
IIM Shillong |
14.4 lakh |
48.5 LPA |
14.8 LPA |
|
XIMB |
20.8 lakh |
58.2 LPA (International) |
15.4 LPA |
|
IMT Ghaziabad |
17.5 lakhs |
57 LPA (International) |
12.5 LPA |
|
IIT Madras |
8 lakhs |
29.02 LPA |
14.38 LPA |
|
IMI Delhi |
17.15 LPA |
22 LPA |
13.07 LPA |
|
TAPMI |
14.3 LPA |
26 LPA |
12.7 LPA |
Top recruiters at these institutes include Tata Steel, Cognizant, Capgemini, Accenture, Apollo Munich, Godrej, Emami, Nestle, Titan, Maruti Suzuki, PCBL, HDFC Bank, Mu Sigma, Larsen & Toubro, GMR, Tata Steel, Godrej & Boyce, and Vedanta and many more.
All of the mentioned institutes are good for MBA in Finance. However, based on facilities provided, course curriculum, and placements the order of preference should be IIM Shillong, new IIMs, XIMB, IMT-G, IMI-D, IIT-M, TAPMI.
What is better if I want to do an MBA in finance: JBIMS, IIM Shillong, or IIM Kozhikode?
With Kozhikode having completed its 20th year and psychologically establishing itself as one of the older IIMs, placements in finance have been better this year. Some of the big brands that visited IIM K but not JBIMS include Credit Suisse, Bank of America Continuum, Deutsche IBD, Deutsche GTB, and a few others. While some companies, such as India Bulls, visit JB every year due to its proximity, the placement season at K saw many new and prominent first-time recruiters, such as CS, BoFA, IDFC, and others. The only big name missing from K's portfolio is Standard Chartered, which happens to be a regular recruiter at JB.
Overall, K is shifting toward a more balanced finance portfolio, with DB, GS, and JPMC providing middle office IBD roles, DB, Axis, ICICI, Yes Bank, Citi Bank, IDFC, Edelweiss, and Indus Ind providing corporate banking/treasury roles, and SBI Caps and Entrust providing front end IBD/asset management.
Which is best between IIFT Delhi or IIM Shillong, or DMS, IIT Delhi in terms of brand value?
DMS and IIM Shillong are nowhere near the level of IIFT, Delhi. A more accurate comparison for IIFT would be with MDI, SP Jain, or IMT.
IIM Shillong will be more valuable only to those who are oblivious to the IIM label. The college's remote location and unusual selection criteria are significant impediments to its growth. DMS, on the other hand, has an advantage due to the fees, but it is still not in the same league. A more level playing field would be with SJMSOM and IIT Bombay.
So, if you want the IIM tag, go with IIM Shillong, but keep in mind that with new IIMs opening every year, that tag is becoming diluted, and go with DMS only if fees are a major criterion. Just in terms of brand value, IIFT is far superior to either of them, with its 50-year heritage, strong alumni, central location, and strong differentiation.
Is MICA worth joining given the hike in their fees from 16.5L to 20L, and average packages standing at 12.8L? How good is it compared to SIBM Pune or IIM Shillong?
There are several factors that you should consider before deciding on a business school. Fee is one of them; though the fees you pay at any business school is not directly equivalent to the average package offered, so keep that in mind before making any decision.
Now, Management schools generally increase their annual fees by 10 to 20% every two years. For instance, in the year 2018, MICA increased their fees from Rs 16.5 lakhs to 18.5 lakhs and then last year, they increased it again to Rs 20 lakhs. Similarly, SIBM Pune increased their fees by 20 % in the year 2018. Thus, bear in mind that most business schools change their fee structure annually or bi-annually while it is a deciding factor, it is also highly common.
Tabulated below are the recent fee structure and average salary offered by the institutes:
|
Institute Name |
Fee Structure |
Average Salary |
|
MICA |
21 LPA |
13.9 LPA |
|
SIBM Pune |
18.8 LPA |
20.14 LPA |
|
IIM Shillong |
10 LPA |
18.76 LPA |
Comparison:
- MICA is a good management school in itself but when compared to other business schools, it falls short. The college needs to work harder to establish itself as a full-fledged business school when compared to business schools like SIBM Pune or IIM Shillong.
- The college offers great placements but the roles offered are very different from the roles a traditional MBA would offer.
- Placement offers are mainly from the Media and Advertising field. For instance, this year alone FMCG made up 23% of the placement offers while Media and Advertising companies made up approximately 31%.
MICA is an excellent college with a unique structure; people are creative and innovative there. The college will definitely help you grow and will offer you a very different and unique experience, unlike a traditional management school. While it is a good and upcoming college; it has to work to match up to management colleges like SIBM Pune and IIM Shillong.
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