The one-year MBA programs are full-time residential courses offered by various IIMs. These programs have a lot of credibilities. Some major shifts you will experience after completing this program are
The admission process is quite a task with great competition. Even after you join, you will be facing industry experts and talented people thereby increasing the competition.
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
The first-generation IIMs clearly have many advantages over the second and third-generation IIMs. Some major differences include
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.
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
IIM Trichy is an institute that has demonstrated significant improvement in recent years and is focused on becoming one of the top 5 IIMs. It has a strong connection with industry, which is further strengthened by the presence of its Chennai Centre, which directly connects with industries across India. The institute also receives close mentorship from IIM Bangalore, allowing students to receive lectures from the best professors at both IIM Bangalore and IIM Calicut.
In terms of placements, IIM Trichy has consistently performed well. The MBA (PGPM) 2020-2022 batch achieved 100% placement, with a 15% increase in the average salary, which rose to INR 17.01 LPA from INR 14.85 LPA the previous year. The final placement report for 2022 showed that over 110 industry giants offered a variety of job roles in fields such as sales and marketing, finance, consulting, IT and analytics, operations, and HR. The highest package offered during this placement drive was INR 34 LPA.
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.
I will give you an insight into both the options you mentioned, i.eMBA from IIM or Bootcamp.
Bootcamp: If you are very passionate about Data Analytics then Bootcamp is the best option for you. I deem this course better than an MBA from B School as a B School covers various arenas of Management while Bootcamp solely focuses on what you are looking for. Moreover, you will end up paying hefty fees and will have to pay loans for years. It provided a detailed approach to Data Analytics and you don’t have to study irrelevant topics
B School: B schools like the new IIMs are good for people who are not certain of their career interests. In that case, B-school would teach you much more than Data Analytics, and then you can pursue the field you excel in or are most passionate about. The excellent pedagogy of IIMs enables you to inculcate skills like handling a project, building a workforce, execution, etc. Basically, you are groomed on an overall basis and get industry exposure as well.
I have seen many people pursuing MBA and also online courses that offer Certification in Data Analytics specifically. So that is also a viable option for you.