With more top rated B-schools in non-IIM category giving quality competition to well established IIMs, it is time for CAT 2015 applicants to give a serious thought whether to go for IIM Lucknow, Indore, Kozhikode or apply to FMS Delhi, SPJIMR Mumbai, MDI Gurgaon and IMI Delhi before they close their application process. Although it is a tough decision but it has to be taken in time on merits to avoid repenting later for non-submission of online application to any of the preferred B-school.
Since the process of applying to various PGP 2016-18 programmes in 19 IIMs has been completed along with the registration for CAT 2015, applicants need not apply again to any of the IIMs but other top rated B-schools accepting CAT 2015 scores in admission to MBA/PGDM 2016-18 batch will need separate application to be submitted before the deadline fixed by them.
The fact that admission process and shortlisting criteria both at the IIMs and the above referred B-schools are equally tough and transparent suggests the applicants to decide about their future MBA plans on various parameters and past performance of these management institutes.
Take decision on Merit
The decision making is tough and need intense research if we have to decide on one among the top B schools. 3 key parameters can guide you in arriving at the decision to choose the preferred B-school for MBA/PGDM 2016-18 on the basis of high scores in CAT 2015.
-- Legacy
-- Fee structure
-- placement
Let us analyse each of these parameters
Legacy
The legacy of B-schools impacts all other parameters and helps expand the alumni base.
IIM Lucknow is 4th in the family of IIMs. Established in 1984 it has a campus of 190 acres. IIML has also established its satellite campus for Executive Education in Noida in 2005.
IIM Indore and IIM Kozhikode both were established in the year 1996. While IIM Indore has one more campus at Mumbai, IIM Kozhikode has established a satellite campus at Kochi for executive Education.
FMS Delhi started in 1954 is one the oldest and top ranked B-schools in India. It is the department of management studies of University of Delhi.
SPJIMR Mumbai was established in 1981. Earlier it was affiliated to University of Mumbai but to improve on its course curriculum, pedagogic innovations it got disaffiliated from Mumbai University. The B-school is highly ranked and one of the most preferred ones.
MDI, Gurgaon, established in 1973 is a private management institute which has become a synonym of consistent growth and is one of most sought after B-schools in India.
IMI Delhi is India’s first corporate sponsored B-school which was established in 1981 in collaboration with International Management Institute, Geneva (now IMD Lausanne).
Compare Fee structure
The fee structure for management programme 2016-18 is lowest at FMS Delhi and so far none of the top rate B-schools has been able to go for such high ROI and low fee. Let us compare the 2 year fee structure among these B-schools
FMS Delhi 2 year MBA: Rs 20000/- (0.2 lakhs)
IIM Lucknow 2 year PGP: Rs. 11 lakhs
IIM Indore 2 year PGP: Rs. 13 lakhs
IIM Kozhikode 2 year PGP: Rs. 10 lakhs
IMI Delhi 2 year PGDM: Rs.14.96 lakhs
MDI Gurgaon 2 year PGPM: Rs.17.15 lakhs
SPJIMR Mumbai 2 year PGDM: Rs.14.50 lakhs
Compare Placement
Average salary for the flagship programmes as per Placement 2015 at these highly ranked B-schools is as follows
FMS Delhi: Rs.17.04 lakhs
IIM Lucknow: (100% placement but not shared average placement)
IIM Indore: Rs. 14.3 lakhs
IIM Kozhikode: Rs. 14.92 lakhs
IMI Delhi: Rs. 9.28 lakhs
MDI Gurgaon: Rs. 18.86 lakhs
SPJIMR Mumbai: Rs. 18.2 lakhs
Application deadlines:
Last dates to apply for MBA/PGDM 2016-18 batch at the above non-IIMs are as follows-
FMS Delhi: Nov 15, 2015
IMI Delhi: Dec 5, 2015
MDI Gurgaon: Nov 28, 2015
SPJIMR Mumbai: Dec 7, 2015
Going by the above facts and figures as well as other USPs of these B schools, if it is not necessary to go by the brand IIM only, you may opt for other top B schools also. Some of these B schools like FMS Delhi will consider sectional scores like IIMs in CAT 2015 for shortlisting the candidates while SPJIMR considers profile based shortlisting. MDI, IMI, propose to consider overall score in CAT 2015. In all the cases one thing is common that the applicants shall have to score high percentile in CAT 2015 to get admission in any of these B schools.
Related Article
CAT 2015: No tutorial before the start of exam; confirms CAT convener
CAT 2015: Don't gamble with options A, B, C, D; may drag your score down
CAT 2015: Summing up in 1 day 2 sessions; still the test 'aspirant friendly'- know how
CAT 2015: Sectional time constraint-a blessing in disguise; tool to maximise your scores
CAT 2015: 60 days to go, start taking mocks; correct analysis guides you better to improve score
CAT 2015: Target 96 Percentile to get call from one of the 20 IIMs; know the strategy
Stay tuned to MBAUniverse.com for more updates on top B-schools in India
