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
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.
NITIE is superior to IIM Trichy in every respect. There are many students who have received calls from several other top business schools but ultimately chose NITIE as their first choice. Some may argue that IIM Trichy has the prestige of being an IIM and is more well-known to the general public, but the individual believes that what really matters is the reputation of the institute among employers. NITIE has a strong reputation in the field of operations and a good return on investment, as well as the advantage of its location. It also provides numerous opportunities for industry experience.
A lot of students believe that it is not worthwhile to choose a business school based on its potential status in 15 years, as by that time, the individual will already have achieved success and the specific business school they attended will not matter as much.
For 2021, IIM Kozhikode cutoff was 85 for General candidates. IIM Trichy cutoff for 2021 was 92 for general category students.
Besides CAT score, IIM Kozhikode and IIM Trichy consider 10th and 12th percentage, graduation branch, stream, work experience, gender, etc. for shortlisting. So, there are a lot of factors at play.