It depends on your profile. If you are a general category student with good academic records - more than 85 percent throughout 10th, 12th, and graduation, then old IIMs will be better.
If you aren’t getting the old IIMs, you can consider new IIMs like IIM Nagpur, Sambalpur, Vizag, Amritsar, Sirmaur, and Bodhgaya. Being part of any recently established institute is a different experience altogether. You will get to set the culture on campus which your juniors will inherit. These baby IIMs have decent placements. You will get placement opportunities through campus drive if you have a good academic record. Here are the average CTC statistics for these IIMs.
Institute | Average CTC |
IIM Nagpur | INR 15.21 LPA |
IIM Vizag | INR 15.06 LPA |
IIM Amritsar | INR 14.63 LPA |
IIM Sirmaur | INR 12.74 LPA |
IIM Bodhgaya | INR 12.36 LPA |
IIM Sambalpur | INR 12.64 LPA |
If you are willing to work hard and want to take advantage of opportunities that come with newly established institutes, then you should join these new IIMs.
As a current student at IIM Vizag, you can vouch for the fact that the institute has outperformed many of the newer IIMs despite being relatively young. The placement report available on the official website speaks to the confidence that the industry has in the institute and its students, and this is reflected in the strong job offers received by graduates.
But beyond just looking at placement reports, it is important for MBA students to have exposure to real-world business problems, and IIM Vizag provides this through classroom discussions, guest lectures, business conclaves, and corporate competitions.
In addition to academic pursuits, life at IIM Vizag is enriched by a range of festivals, celebrations, competitions, and cultural and sports events. Nurtured by its parent institute IIM Bangalore and supported by a talented faculty, IIM Vizag offers a vibrant and fulfilling experience for students, and if you are fortunate enough to be selected for the program, you can look forward to living and studying in the beautiful city of Visakhapatnam.
Though the CAT cut-offs vary every year, it is generally seen to have close proximity in consecutive years. Here are the data for 2020, along with sectional cut-offs, for every category.
2020 Cutoff:
Category |
VARC (percentile) |
LRDI (percentile) |
QUANT (percentile) |
Overall (percentile) |
General |
80 |
80 |
80 |
85 |
OBC-NCL |
70 |
70 |
70 |
75 |
EWS |
70 |
70 |
70 |
75 |
SC |
50 |
50 |
50 |
55 |
ST |
30 |
30 |
30 |
40 |
PWD |
30 |
30 |
30 |
40 |
The cutoff depends on many parameters and not just only on the CAT score. For example, candidates from non-engineering backgrounds can have a lower cutoff score but still secure a seat due to the diversity point.
Every year, the final selection phase gets completed tentatively by April and the candidates get emails regarding the information and further communication. After being selected, candidates have to reconfirm their choice within a fixed amount of time, and only then they are further communicated and invited for the following rounds.
According to recent reports, IIM Visakhapatnam is on an excellent pace of development in all means. Students of IIM Visakhapatnam are seen to excel in various corporate competitions like V-guard, KPMG, etc. There are notifications of students succeeding in competitions every now and then, and the credit goes to the faculty, their guidance and support.
The table below gives a brief overview of the institute.
Total Fees (PGP) |
13.65 Lakhs |
Highest Salary Offered |
27 LPA |
Median Salary Offered |
12 LPA |
Cut-off (CAT) |
92 percentile |
Faculties:
Placements:
Location and facilities:
Overall, it is a definite verdict that IIM Visakhapatnam has a lot to offer to its students, including curriculum, activities, and placement.
IIM Visakhapatnam had a lot of help from IIM Bangalore for placements in the first few batches. A pool summer placement process was organized at Bangalore for the first three batches. This resulted in students interning at companies like Cloudtail and Directi. If you are lucky, you will find colleagues from colleges like IIM Ahmedabad, Bangalore, Calcutta, XLRI, and FMS.
The internship is a great opportunity for you and it will pose a strong point in job interviews. Moreover, my advice to you would be to network as much as possible. You will probably earn a 6 figure monthly stipend during the summer internship. Eventually, as students began to perform well and some of them at par with the top three IIMS (ABC), PPOs began loyally recruiting students from the college.
These job profiles are the same as those offered at IIM Bangalore. An example of this would be that of Bosch. It offers a Junior Manager’s program available only to premier campuses like IIM Bangalore, IIFT Delhi, etc. as seen on LinkedIn. It even has an international visit to Germany included.
Another major reason would be that this industry prefers students who have previously done summer internships. This PPO percentage was higher for the first two batches from IIM Visakhapatnam since most of the students were taught by IIM Bangalore professors.
Here are some other statistics for placements at IIM Visakhapatnam:
All these factors combined above have now ensured that IIM Visakhapatnam does better in placements than any other second-generation IIM. Currently, the highest CTC stands at INR 27 LPA and a minimum at INR 10 LPA. Companies like Yes Bank, Amul, and Crompton Greaves regularly visit the institute for placements.
Considering TCS being an IT company providing employment and opportunities to learn and IIM Visakhapatnam a considerable new IIM, here are a few pros and cons regarding both the decisions.
TCS:
IIM Visakhapatnam:
Overall, the above factors give a brief overview of the scenarios in both choices. The final decision is yours, whether to join the IT industry, get prepared, and crack CAT, or take up IIM Visakhapatnam and get a dive into the unexplored opportunities.
As an MBA aspirant, you should check the recent placements of IMI New Delhi, IIM-N, and IIM-V, faculty quality, student welfare avenues, and infrastructure to compare and evaluate different institutes. It's important to focus on median placement figures and adjust for batch size.
You must look into the opportunities available for student involvement and well-being, such as clubs, societies, sports, cultural events, and corporate competitions. Check the corporate competition section of the school's website to see which companies participate, the positions secured by students, and the number of winners. Good performance in corporate competitions can indicate peer quality and highlight the institute among recruiters. While the brand IIM tag may benefit baby IIMs, established institutes may have better locations, student activities, and industry and alumni connections.
Both SP Jain and IIM Kozhikode are considered to be reputable management institutes in India, and they have their own unique features and advantages.
SP Jain has a fixed domain system where students have to choose a specific domain like finance or marketing in the beginning, and they cannot change it later. On the other hand, IIM Kozhikode has a flexible curriculum where students take a common first-year curriculum and then choose relevant domain-specific subjects in the second year. This allows students to explore different areas of management before committing to a specific domain.
IIM Kozhikode has the advantage of the IIM brand name, which is considered to be one of the most prestigious in India. However, SP Jain has a more diverse student body as there is no reservation policy and the average placement package is higher than IIM Kozhikode.
IIM Vishakhapatnam, while being a newer IIM, is considered to be behind both SP Jain and IIM Kozhikode in terms of reputation and placements. Ultimately, the decision of which institute to choose depends on the individual student's preferences and career goals.
IIM Visakhapatnam offers clean and well-maintained hostel accommodation to its students. The rooms are provided on a twin-sharing basis and are of identical shape and size. Each room is equipped with two beds, two good-quality mattresses, two cupboards with a few hangers, two tables, two overhead racks, and a split AC. Bathrooms are attached to the rooms and are clean and spacious. The hostel is situated on the beach road and offers a beautiful view of the sea, adding to the overall experience of staying at the hostel.
The hostel is also equipped with amenities such as a refrigerator, kettles, a common room with a LED television and comfy sofa set, fully automated washing machines, clothes drying stands and ropes, high-speed internet, and newspapers. The domestic help comes to clean the rooms on a daily basis and takes care of additional tasks such as fixing bedsheets and folding clothes. The mess/dining area provides breakfast, lunch, evening snacks, and dinner options, both South Indian and North Indian.
The hostel also offers recreational facilities such as a TT table, pool table, and carom board, allowing students to make the most of their spare time. Overall, the institute treats its students like guests and takes great care to provide them with all the necessary amenities to make their stay comfortable.
IIM Kashipur and IIM Visakhapatnam both had strong placement records in 2022, with 150+ and 86+ recruiters respectively. The highest salary package offered at IIM Kashipur was INR 28.82 LPA, while the highest salary package offered at IIM Visakhapatnam was INR 31.60 LPA. Both institutes reported an increase in the average salary offered, with IIM Kashipur reporting an 8.256% increase and IIM Visakhapatnam reporting a 19.33% increase. Both institutes had a significant number of offers from major recruiters such as Amazon, Deloitte, HCL, etc. The highest number of recruiters came from the IT/ITES sector. The highest number of placements were made in the Consulting domain at IIM Visakhapatnam.
IIM Kashipur and IIM Visakhapatnam are both premier management institutes in India and have well-developed infrastructure. However, there may be some differences in terms of the facilities and amenities provided by the institutes. IIM Kashipur has a fully-equipped campus with state-of-the-art facilities. The campus has an auditorium, library, computer lab, sports facilities, and hostel accommodation for students. The institute also has an Entrepreneurship Development Cell (EDC) to promote and support the entrepreneurial spirit of students.
IIM Visakhapatnam also has a modern and well-equipped campus. The campus has a library, computer lab, sports facilities, and hostel accommodations for students. The institute also has an Entrepreneurship Development Cell (EDC) to promote and support the entrepreneurial spirit of students. The institute also has an incubation center and a Centre for Innovation, Entrepreneurship, and Incubation (CIEI) which provides a platform for students to develop and incubate their business ideas.
In conclusion, both IIM Kashipur and IIM Visakhapatnam have a well-equipped infrastructure with state-of-the-art facilities and amenities to support the academic and co-curricular activities of students. However, IIM Visakhapatnam may have an additional center for innovation, Entrepreneurship, and Incubation to support students who have business ideas. It's recommended to visit the campuses or check the institutes' websites for more information about the infrastructure and facilities.