There has been tough neck to neck competition of IIM Udaipur and IIM Raipur. While one is good in one thing, the other is good in other thing. If one is getting both of these, which one will you choose? Kindly comment your rationale for choosing the same.
2 years back when I was an aspirant like you, some negative post were being made on other IIM's page. When I took admission to IIM Kashipur. I got to know that the person who was posting that content was not alumnus of that IIM. He was also an aspirant like me. He was posting that content just to refrain other aspirant from taking admission to that college and to reduce his waitlist number as much as possible. Whenever you read any negative comment about any IIM then think of this side of coin too. IIM Ahmedabad has also been victim of such conspiracy. Best luck.
Lets talk about ROI of an IIM and few things about new IIMs.
I don't know how people calculate ROI. If you are dividing average package by fees then you are the dumbest person on this planet. What about networking? What about quick promotions due to your IIM tag? What about visibility of your resume amongst average college graduated students? There were companies which were offering 7 lpa and we were dying for it. Do you know why? Becoz within 3 to 4 years you will get 30 to 50lpa in that profile(investment banking). Even if you loose job due to market condition you will be hired by some other organization where your IIM friend would refer you. Now tell me how will you calculate ROI by taking these many things in to the considerations.
Many aspirants says that increase in number of IIMs has diluted IIM tag. I would suggest them to look at the facts. Pre liberalization India's GDP was increasing at 1 or 2%. Number of jobs were also increasing accordingly. There were only five IIMs in India. Post liberalization (1991) many MNCs entered in India and GDP started growing at faster pace. Number of jobs were also increasing accordingly. More and more managers were needed. But number of IIMs were not enough to fulfil that demand.
As always Indian government was very slow in response to market demand and opened IIM Shilong in 2007. Later they responded to market conditions and opened new and baby IIMs.
Today if you look at ratio of number of managerial jobs to the number of IIM graduates, it will be far higher than what was it before 1991. The reason why companies are not offering new IIMs as high package as an old IIM student get is that companies don't have enough experience with new IIMs. Sooner or later all new IIMs will reach that stage. You as an alumnus of that particular IIM will also get benefit of it.
Average package/fees = temporary ROI
all the things that I mentined above/fees = permanent ROI.
Don't ignore any IIM call just bcoz it is new. Jo crack nai kar paya CAT wo yahi bolega ki ye new IIM me nai jana.
Being an IIM Kashipur alumnus I respect every other IIM irrespective of their age. Old, new and baby IIMs are really trying hard to produce high quality manager. If you convert any call then you will get to know that you become an IIMian not because you cracked the CAT and cleared WAT/PI. You become an IIMian bcoz of the efforts that college forces you to put in to make you a good manager.
REPOST: I wish to jump into Entrepreneurship post MBA. Got to know that IIM Kashipur has a Start-up Incubation Centre within its own campus and has incubated a number of startups during the last couple of years! Can someone here help me get more information on it?
At such unexpected times, and a profile of 10th - 89%, 12th - 79%, and Bcom - 55%, fresher, cfa lvl 1 cand., what are my chances to of getting call and converting them as well as far as New IIMs and Baby IIMs are concenred?