Candidates who have been shortlisted and called for Common Admission process (CAP) for admission 2014 in above three IIMs are now in a dilemma how to choose the right B school. The comparison becomes tough when the competitive merits and demerits of these institutes clash and render the decision taker flummoxed.
MBAUniverse.com with its rich experience and weightage matrix brings forth key comparative parameters that would help you to decide which one to opt among the three IIMs.
Age of the IIM will broaden the Alumni base
The saying “Old is gold” is not without substance and in case of IIMs it is more apt else the older IIMs would have not been the preferred destination. Older the IIM wider is its Alumni base and better will be your chances for higher number of options to corporate and academic connections.
Although all the IIMs are comparatively new, IIM Ranchi and IIM Rohtak, established in 2009, are older than IIM Trichy which was established in 2011. Nevertheless, it’s still IIM Trichy coordinating the CAP for newer IIMs.
Intake in Flagship Programmes
Unless all the seats are filled with the right quality of candidates, no B school will increase the intake. Although all the IIMs have increased their intake in flagship programmes during past few years, IIM Ranchi has increased its number of seats from 155 to 200 in 2014 in comparison to the strength in year 2013; IIM Rohtak has 130 seats and IIM Trichy has increased 10 seats from 100 to 110.
Course Fee
Higher fee structure and increasing trend sends the message either the costs or expenses at B school are high or they are not able to work out proper economics to manage it. While IIM Ranchi has the lowest fee with Rs. 9.2 lacs, followed by IIM Rohtak with 9.3 lacs and IIM Trichy charging the highest with Rs. 10.45 lacs.
Full Time Faculty
Teacher student ratio is also an important factor while having a good learning experience with focused mentorship. IIM Ranchi has smallest number of full time faculty with 13 faculty members, followed by IIM Trichy with 14 and IIM Rohtak with 16. It means IIM Ranchi has teacher student ratio of 1:15 which is 1:8 at IIM Trichy and at IIM Rohtak
Short listing-CAT Cut off
Although lower cut off may imply that less students are interested in the particular B school but it is not always true. Other factors like academic profile, work experience also play a major role in short listing criteria which is framed and followed by individual IIM. CAT cut off percentile which was 97+ at IIM Trichy and Ranchi in 2013 has come down to 96.82 in 2014 short listing at both the B schools. IIM Rohtak which had cut off with 97 in 2013 has improved a little with 97.11 in 2014.
Average placement
Campus Placement and career prospects down the line are the most important features of an institute that determine the Return of Investment of a candidate. This becomes the key criteria in selection out of many. IIM Ranchi tops the list with an average placement package of Rs. 12.67 lacs per annum, while the information shared by IIM Trichy, its average placement package was Rs. 12 lacs plus followed by IIM Rohtak with Rs. 9.03 lacs (including benefits).
Know the most authentic B school Placement Data 2013:Top B-School Placement Reports 2013
Top Recruiters at B schools
Renowned companies and corporate houses when extend their interest as campus recruiters, the placement season is flourished with hope for well assured future. It adds to the reputation of the B school also. The three IIMs had following 5 top recruiters at their campus
IIM Ranchi- ICICI Bank, J P Morgan, YES Bank, Ranbaxy, Tata steel
IIM Trichy- KPMG, Cognizant Business consulting, Perfint Healthcare, Indian bank, BPCL
IIM Rohtak- CTS, Prudent, Relaxo, Mother Dairy, idea Aditya Birla
USPs of the IIMs
Apart from other factors key USPs does become the milestones in arriving at the decision to choose the right b school from among many. Examine and analyze the USPs of IIM Ranchi, Trichy and Rohtak before going for the preferred one.
Dr. B B Chakrabarti, an alumnus of IIM Calcutta, took over the charge in the month of September 2013 from Prof M J Xavier as the Director, IIM Ranchi. According to Prof Chakrabarti “IIM Ranchi is the best among the new breed of institutions and we will maintain our position". It is the only IIM to offer a specialized PGDHRM course. The institute has experienced faculties from top institutes having expertise in their domains/subjects. IIM Ranchi has Unique Rural Immersion Programme (URIP).
IIM Trichy functions under the directorship of Dr. Prafulla Agnihotri whose latest innovation in teaching is 'application of inquiry method of learning to the management education' which has brought distinction to the institute in its innovative method of teaching.
The institute focuses on developing competent professionals for the industry. The flagship programme, PGPM has been instrumental in the achievement of this goal. Hard Work, Perseverance, Passion and Integrity are some of the virtues taught at the institute and are necessary to attain success. IIMT has a collection of eminent faculty and motivated students which form its backbone. Students are chosen from a thorough screening process to ascertain their association with this prestigious institute. IIMT takes care in ensuring an optimal student-teacher ratio to encourage better learning and to impart appropriate guidance.
IIM Rohtak is being well looked after by Prof. P Rameshan Director of the institute. The B school has the aim to remain at the forefront of the knowledge creation, diversity along with the ideas and experience of a diverse faculty base that contributes to the furtherance of the idea of thinking global and acting local.
Which one to prefer?
All the three IIMs, as of now, are running in the borrowed campuses while their buildings are under construction. We have analyzed all the other parameters that could be distinctive to choose the best one. These national B schools stand almost on the same level except on ROI in which IIM Ranchi emerges as a winner. Candidates are however advised to cross check other favorable details before finalizing their admission.
Read other Articles on IIM Ranchi:
IIM Ranchi: Profile based calls is the key for IIM Ranchi Final Admission round 2014
IIM Ranchi gets new director from IIM Kolkata as Dr MJ Xavier steps down
Know Your B school: IIM Ranchi placements, admissions, faculty and more
Read other Articles on IIM Trichy:
New IIMs Admissions updates: PI & WAT Shortlist declared; Check New IIMs Admission Status
IIM Trichy completes first placement; Avg salary @ Rs 10.92 lakh
IIM Trichy celebrates 2nd foundation day in style
Read other Articles on IIM Rohtak:
IIM Admission 2014: Chance for 85 percentilers to get into an IIM
IIM Rohtak Admission Criteria 2014-16
Know the most authentic B school Placement Data 2013:Top B-School Placement Reports 2013
Stay tuned to MBAUniverse.com for more news and updates on IIM Admission 2014.
