It is true that a person’s caliber can in no way be judged from the Business School that they have graduated from. In practice, however, things work very differently.
The general assumption is that if a candidate has secured a top rank in one of the most challenging exams and studied one of the top curriculums in the country, then they are really good in their field.
IIM A, B, and C have been around for a very long time and its graduates have carved a niche for themselves in the corporate world. Most companies in India and many abroad have IIM A, B, and C graduates in top positions. The alumni spread the goodwill of these institutions in silicon valley and other parts of the world, leading to international repute. These institutions are ‘brands’. An IIM A, B, and C brand opens numerous opportunities for you.
Judging IIMs based on ROI solely is not wise. Most IIM graduates end up paying their loans in a period of 3 to 5 years. Also, keep in mind that salary does not remain constant, it keeps increasing each year. Even if you take a loan to fund your MBA, it will be worth it.
If you get the opportunity to study at IIM A, B, or C you should grab it at the earliest.
People often pose the question that despite the high fees, why do some people still prefer IIMs over FMS? Well, I think I can answer it with confidence since my father is an alumnus of IIM Ahmedabad. He told me that he was able to transform into a new person all because of IIM Ahmedabad. He was able to achieve many impossible things just because he chose IIM Ahmedabad. I have mentioned a few points that will help you understand what I mean
So IIM Ahmedabad is still preferred over FMS. It has its own brand value which will continue to shine over the years.