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How do you rate getting an MBA from a new IIM like IIM Ranchi or IIM Trichy? Should one wait a year and try getting into better B schools instead?
IIM Ranchi's MBA placement drive for 2022 saw 77 companies visit the campus for recruitment. The highest and average packages offered during this placement drive were INR 42 LPA and INR 16.62 LPA, respectively.
IIM Trichy's final placement report for 2022 showed that the institute attracted over 110 industry giants who offered a variety of job roles in Sales & Marketing, Finance, Consulting, IT & Analytics, Operations, and HR. The highest and average packages offered during this placement drive were INR 34 LPA and INR 17.01 LPA, respectively.
There are several ways to compare the quality of MBA programs at new IIMs such as IIM Ranchi and IIM Trichy. One method is to look at student performance and perception as reflected in B-school surveys. You can also try finding information about the experiences of graduates from these institutes. Another way to gauge the quality of an MBA program is to look at the performance of students in competitions, such as recruitment challenges, quizzes, paper presentations, and management fests. While these events can provide insight into student abilities, they may not necessarily reflect the capabilities of the faculty at a given institute.
To get a better understanding of the faculty of an MBA program, you may want to consider the learning approach of the program. A good MBA program will have faculty members who have both studied the subject area extensively and have practical experience in the field. You can also look at the clubs and events related to marketing at the institute, as well as any visiting faculty, guest lectures, workshops, or training that have been held in the last one to two years. A reputable institute should make this information publicly available.
What are the differences between an older IIM like Indore and Kozhikode and a newer IIM like Ranchi, Rohtak, or Trichy?
The first-generation IIMs clearly have many advantages over the second and third-generation IIMs. Some major differences include
- Infrastructure: Thenodler IIMs have their own permanent campuses whereas most of the newer IIMs either function through a temporary campus or have a permanent campus that is not at par with the older IIMs.
- Faculty: The older IIMs have better experienced and learned faculty than the newer ones. Also, the visiting faculty is much better at these IIMs. The student and faculty strengths are therefore strong here.
- Placements: The older IIMs have long-standing ties with corporate firms and top companies excelling in the placements scenario and leaving behind the new IIMs.
- Corporate Exposure: The exposure at older IIMs is better than that of newer IIMs due to their early establishment.
Which institute be selected for admission IIFT Delhi campus, IIM Trichy, IIM Udaipur, IIM Ranchi, MDI international Management?
If you are looking just for a brand name and high ROI, then your options are
- IIM Udaipur
- IIM Trichy
- IIM Ranchi
If you are looking for legacy, established alumni, and faculty with decades of experience within the same institute, your options are
- IIFT Delhi campus
- MDI
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.
Which new IIM amongst Ranchi(R), Trichy(T) and Udaipur(U) is the best?
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
Which one is better for an MBA consultancy with 6 years of IT experience: IIM Ranchi or IIM Trichy?
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.
Why are IIM Ranchi and Raipur underrated compared to IIM Udaipur even after better placement records?
I think the single most important reason why IIM Raipur and Ranchi are considered below IIM Udaipur is the lack of proper marketing. IIM Udaipur has managed to make its mark through enough marketing and promoting research culture. The IIMRs is also flawed in the sense that they are located in extremely poor economic states. This flaw overshadows all their features and the fact that they have better placement scenarios than IIM Udaipur.
Every IIM has set a certain goal and is gradually climbing the ladder to reach its level of excellence. The same is the case with IIMRs. In just a few years these two will be among the best IIMs in India.
Is joining new IIMs (Ranchi, Trichy, Udaipur) worth it? How will be the career growth after an MBA from new ones?
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.
Which IIM amongst the two should one join, IIM Ranchi and IIM Raipur?
If we talk about the brand value and worth of these two IIMs I don’t think there are many dissimilarities. The difference between the two is some personal level factors like
Campus: IIM Ranchi has no permanent campus and this is one of the major shortcomings of this institute. IIM Raipur on the other hand has a vast 200-acre campus. It is decked with world-class facilities and will give you the feeling of staying at a hotel.
Placements: IIM Raipur has better placements than IIM Ranchi and for many, this is a major deciding factor. The table below compares the placement statistics of the two IIMs.
|
Particulars |
IIM Raipur |
IIM Ranchi |
|
Highest CTC |
INR 42.15 LPA |
INR 32.21 LPA |
|
Average CTC |
INR 17.73 LPA |
INR 16.17 LPA |
|
Median CTC |
INR 16.95 LPA |
INR 15.50 LPA |
|
Top Recruiters |
Accenture, Airtel, IBM, Swiggy |
Deloitte, Aditya Birla Group, Infosys, EY, IBM |
Since the brand value of the 2 institutes is almost the same you can choose on the basis of the above factors.
Why should I choose HR program from IIM Ranchi over XLRI?
XLRI, founded in 1958, was the first institute in India to offer a specialized program in Human Resources Management. It is consistently ranked as one of the top private business schools in India and is known for attracting top business organizations to recruit its students. XLRI has a strong legacy of producing successful business leaders and is a meeting place for some of the brightest minds from around the world. The campus at XLRI offers a unique atmosphere with a serene and green environment, high-quality fellow students, and a range of extracurricular activities that help to develop students' personalities and prepare them for the challenges of the business world.
If you believe that IIM Ranchi can offer similar or better opportunities, then it may be worth considering as an alternative to XLRI.
I converted both IIM Ranchi and IIM Udaipur. What are some honest opinions because both have almost comparable rankings and placement reports?
The decision of choosing a college should be taken at an individual level. You can seek advice from others but not ask them to decide for you. Try to analyze what exactly you want from your MBA program. What is it you are seeking and how to achieve it? Once you are sure about that, college does not matter much.
Honesty both the IIMs you mentioned give an edge to each other. Still if I would have to choose one, I would go for IIM Udaipur because of its recent success stories. IIM Udaipur has seen a rise in international rankings like QS and FT. Earlier these rankings included only the top IIMs A, B and C. IIM Udaipur has proven its worth by appearing on such international rankings. It is also the youngest B-school in the “world” to be featured in the FT MiM Rankings.
IIM Udaipur is heaven for a research enthusiast. Its premium research culture is the reason for its recent rise in rankings. As far as placement is concerned, both the colleges have similar statistics. The table below has drawn a comparison between the two.
|
Particulars |
IIM Udaipur |
IIM Ranchi |
|
Placement Percentage |
100% |
|
|
Batch Size |
315 |
253 |
|
Number of students participating |
315 |
253 |
|
Number of recruiters |
184 |
77 |
|
Number of students placed |
315 |
|
|
Highest CTC |
INR 35.96 LPA |
INR 32.21 LPA |
|
Average CTC |
INR 19.5 LPA |
INR 16.17 LPA |
|
Median CTC |
INR 15.6 LPA |
INR 25.16 LPA |
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