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How was your interview experience at IIM Nagpur?
My friend recently flunked her interview as she did not prepare for the questions related to her undergraduate degree. They asked her to start with a basic introduction after which they asked her about the subjects of her undergraduate program. Because she had not prepared well for this part, her hesitation took the better of her. They probed her with questions like
Did you study Financial Subjects or about to study?
- What is the Current ratio?
- What is Net worth?
- What is the Income of the Company?
- What is Return on Sales?
- Unearned income and where it comes from?
- What should I ask you?
- What's the idea if you want to do entrepreneurship?
- What is a Dividend?
What worsened her situation was the questions asked by the second panel. She asked her some mathematical questions which became the reason for her doom.
The conclusion from the interview is that as a fresher you should definitely go through your graduation subjects as most of the questions will be asked from that only. Remember they will question your ability to answer the questions confidently most importantly.
Is it worth joining IIM Nagpur for a person who already has work experience of 3.5 years and earns an 8.3 LPA?
When considering the question of which MBA program to attend, it is important to recognize that there is no definitive answer and that the decision will vary depending on the individual. There is a multitude of factors to consider before making this decision, and understanding how these factors weighed into another individual's decision-making process can be helpful in making one's own decision.
For those considering IIM Nagpur, the first factor to consider is likely to be the cost of tuition. It is not uncommon for MBA programs to come with a significant price tag, and this can be a significant factor in determining which program to attend. IIM Nagpur has a fee structure of INR 13.75 lakhs, which is significantly lower than many other options on the market. This can make a big difference for those who are taking out an educational loan, as it can free up funds for other opportunities or risks.
Another important factor to consider when looking at MBA programs is the brand value of the institution. IIMs are widely recognized as the best business schools in India, and the reputation of an IIM can open doors in the job market and throughout one's career. It is crucial to weigh in the long-term benefits that come with being associated with an IIM.
Batch diversity in experience is another important consideration, especially for those who are looking to leverage peer learning as one of the most important aspects of an MBA program. IIM Nagpur has a diverse set of students with rich experience from a variety of industries, which can open up opportunities to learn about different domains and industries that one might not have been aware of before.
Lastly, the curriculum, faculty, and culture of the school are important factors when selecting an MBA program. IIM Nagpur has a vast curriculum that is designed to closely align with the business world. Faculty are well experienced and knowledgeable in their subjects and make sure the students understand the concepts in a better way. Additionally, there is a great extent of flexibility in the electives that the students want to study. With this, students can spend the first year trying to figure out their interests and then choose electives accordingly in the second year.
What is a better choice, take a job at Mu Sigma as a fresher or pursue an MBA at IIM Nagpur?
It is important to make decisions about pursuing a postgraduate degree, such as an MBA, based on long-term goals and not just temporary emotions or the advice of others. It is also helpful to have a clear vision of where you want to be in 10 years, as the specific timing of when you obtain your degree may not be as significant as the institution you attended and whether or not you have achieved your desired career goals. If you are unsure of your long-term goals or what you want from life, it is a sign of maturity to recognize and accept this, as it is not uncommon for most people to discover their path through experiences and self-reflection.
It is worth considering the potential drawbacks of pursuing a PGDM (postgraduate diploma in management) from a new institute such as IIM Nagpur. It may be more difficult for students at new institutes to secure top jobs, especially as fresher. Additionally, students may not have as much flexibility in terms of choosing their preferred industry or profile and may have to accept positions with mass recruiters. In contrast, working for a company like Mu Sigma may provide the opportunity to gain exposure to diverse industries and a deeper understanding of the corporate world, as well as the chance to develop self-awareness through brainstorming sessions and project meetings. This may ultimately help you to determine your desired path, whether it be an MBA or a different field such as financial engineering or customer psychology.
Is IIM Nagpur good?
Nagpur is one of the most popular new IIMs that has been in the limelight for its world-class infrastructure and facilities.
Placements: The institute enjoys 100% placement opportunities and is visited by many top firms like Landmark Group, ITC, Pidilite, EY, Amazon, Cognizant, and Goldman Sachs.
|
Particulars |
IIM Nagpur Placements |
|
Number of Students |
250 |
|
Number of Recruiters Participated |
73 |
|
Number of New Recruiters |
43 |
|
Highest CTC |
INR 55.22 LPA |
|
Average CTC |
INR 23.10 LPA |
|
Median CTC |
INR 22.28 LPA |
|
Major Sectors |
IT and Analytics |
Faculties:
The faculty is top-notch, comprising Ph.D. holders and professors with impeccable industry experience. Their classes are something one should not miss if one wants to remain among the top students.
Crowd: People from various walks of life, profession, and age come under one roof and this in itself is a thrilling and engaging experience. Such good exposure opens your mind to the possibilities and opportunities that exist in reality. You end up making bonds for the rest of your life.
Opportunities: IIM Nagpur offers a plethora of opportunities to its students. The Field Immersion Programme (FIP) is one of the major highlights. Live projects are also conducted within India and abroad. The International Immersion Programme (IIP) which allows students to travel to five foreign locations.
IIM Nagpur in itself is an entity thought to be newly established. It’s not justified to compare it with the older IIMs.
Is it worth joining IIM Nagpur for 10 Lakhs, considering that IIM Ahmedabad will be mentoring it initially?
If you don’t have a better option and can’t wait for a year more, it’s best to go for IIM Nagpur. Although it’s not among the top IIMs, it will not disappoint you. The main reasons for the same are:
-
Firstly, IIM Nagpur is mentored by IIM Ahmedabad. So you will get the chance to be taught by IIMA faculty in the same methodology.
-
IIM Nagpur is located in a well-connected city so has all the basic facilities like connectivity, a local support system, local industry, and safety.
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The placements at IIM Nagpur are also good considering the students have been trained by IIMA faculty.
If you are tight on budget then pursuing MBA from IIM Nagpur is not a bad choice.
How are the placements at IIM Nagpur?
- If you are a software engineer with a strong coding ability and the option to switch jobs, or if you are an engineer with a non-software job that pays more than INR 5 lakh per year, or if you have a degree from a top college in a city, you may want to consider skipping IIM Nagpur.
- If you have below-average academics and will not be able to secure a good job, or if you are an engineer in a core industry with a non-permanent job and a salary of around INR 2 lakh, you may want to consider attending IIM Nagpur.
- Keep in mind that companies from top industries may view IIM Nagpur graduates as inferior and may not consider them for certain positions.
- It is also worth considering the long-term career prospects of graduates from IIM Nagpur. Some may find that their peers who did not pursue an MBA are more successful in the job market, even if they have less education and experience.
- Lastly, be aware that starting salaries for IIM Nagpur graduates may be lower, and you may have to take on additional loans in order to afford the cost of education and maintain a certain lifestyle. These loans may take several years to pay off.
How is life at IIM Nagpur?
One experiences a roller coaster of life at IIM Nagpur. Its location is one of the major reasons people choose it over other IIMs
Faculty: The faculty here is learned and has great industrial experience. It comprises mostly Ph.D. holders who just don’t teach you Management but also inculcate leadership, ethics, and human values.
Hostels: The hostels of IIM Nagpur have excellent rooms which is one of the major reasons IIM is doing so well.
Batch: The small batch installs a family-like feeling among the peers who look after and learn from each other. The crowd comprises people from different academic backgrounds, cultures, and work experiences. You will make some amazing friends for life.
So life at IIM Nagpur is very smooth yet fun.
Is it worth joining IIM Nagpur or should I wait a year?
Joining IIM Nagpur is a decision worth taking. It has a good reputation, especially among the new IIMs. One of my cousins with a work experience of 3 years, joined IIM Nagpur and is glad he took the decision. He considered the following parameters to take this decision
- Placements: The institute enjoys a 100% placement percentage The highest CTC shot up by 72.56% to INR 55.22 LPA whereas the average CTC increased by 20.50% which stood at INR 23.10 LPA. In addition, the average CTC for the top 50% batch climbed by 16.08% to INR 26.95 LPA.
- Crowd: The institute welcomes a mixed crowd with a variety of academic, geographical, and work experience profiles. The individuals here are serious about their MBA who want to leave an impact in the corporate world.
- Courses: IIM Nagpur provides both Foundation courses in the first year and a blend of your choice of electives in the second year. This enables you to specialize in more than one domain thereby broadening your career opportunities
- Faculty: The faculty is well known for their industry experience themselves are IIM alumni.
- Culture: IIM Nagpur has a dynamic culture owing to its clubs and activities. There are both academic and non-academic clubs that make learning fun and practical. Various corporate-level competitions are won by these students. The sports culture is also very dominant here with the non-academic clubs managing the mess, the infrastructure, and the events.
So yes IIM Nagpur is worth risking your career for.
How is life after completing an MBA from IIM Nagpur?
Once you end your college life, life is not the same anymore. You end up missing every moment spent whether enjoying or studying for your exams. Once you step into the real world you realize it’s now that the real-life issues begin. I have listed some good and bad things you will experience as an IIM pass out
Good things
- Your living standards will have been improved because of the high package you received
- You will have a new circle of friends
- Many aspirants will look to you for inspiration.
Bad things
- As an IIM pass-out, you will have to live up to its name and brand. People will expect you to excel in whatever you do.
- You will be mistaken as arrogant because of your IIM tag
- High tax payments have to be made
- You have to repay the educational loans you have taken and sometimes it takes years to do so
Apart from these situations, you might face serious criticism if you give up your job and initiate entrepreneurship.
Are the six newest IIMs a good option? (i.e., IIM Nagpur, Vizag, Amritsar, Sirmaur, Bodhgaya, Sambalpur)
I wouldn’t suggest you take admission to any new IIM if you are not ready to commit yourself to hard work both in terms of academics and extracurriculars. The Baby IIMs require determination and dedication and if you lack any of these, it’s better to look for other options.
The opportunities offered by the new IIMs are way ahead and unique when compared to the older ones. You shouldn’t join a new IIM merry to enjoy the benefits from the IIM tag because that alone won’t suffice it. It's better to take a drop year and target an older IIM than go for a new one that is yet to make its mark in the industry.
The new IIMs are suitable for those who are ready to work and toil and take advantage of opportunities in building a new institute. Most students will end up with a job but it’s not a brainer that there will be a big compromise and namesake job compared to the colorful careers an IIM brand promises.
|
Particulars |
IIM Nagpur |
IIM Vizag |
IIM Amritsar |
IIM Sirmaur |
IIM Bodh Gaya |
IIM Sambalpur |
|
Ranking |
43rd rank in NIRF |
33 rank in NIRF |
55th rank in NIRF |
69th Rank in NIRF |
41 in the IIRF |
33rd place in IIRF |
|
Fees |
2 Lakhs (Total Fees) |
8.52 Lakhs (1st Year Fees) |
8,00,000/Yr |
16,00,000 Total Fees |
16,28,000 Total Fees |
5,40,000/Yr |
|
Average package |
INR 16.74 LPA |
INR 16.61 LPA |
INR 16.51 LPA |
INR 12.74 LPA |
INR 16 LPA |
INR 16.64 LPA |
You can infer from the table above, the Data from all the baby IIMs is similar both academically and placements-wise. So the final decision should be based on personal preferences and career prospects.
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