Are the six newest IIMs a good option? (i.e., IIM Nagpur, Vizag, Amritsar, Sirmaur, Bodhgaya, Sambalpur)
Posted On - Nov 16, 2021I wouldn’t suggest you take admission to any new IIM if you are not ready to commit yourself to hard work both in terms of academics and extracurriculars. The Baby IIMs require determination and dedication and if you lack any of these, it’s better to look for other options.
The opportunities offered by the new IIMs are way ahead and unique when compared to the older ones. You shouldn’t join a new IIM merry to enjoy the benefits from the IIM tag because that alone won’t suffice it. It's better to take a drop year and target an older IIM than go for a new one that is yet to make its mark in the industry.
The new IIMs are suitable for those who are ready to work and toil and take advantage of opportunities in building a new institute. Most students will end up with a job but it’s not a brainer that there will be a big compromise and namesake job compared to the colorful careers an IIM brand promises.
|
Particulars |
IIM Nagpur |
IIM Vizag |
IIM Amritsar |
IIM Sirmaur |
IIM Bodh Gaya |
IIM Sambalpur |
|
Ranking |
43rd rank in NIRF |
33 rank in NIRF |
55th rank in NIRF |
69th Rank in NIRF |
41 in the IIRF |
33rd place in IIRF |
|
Fees |
2 Lakhs (Total Fees) |
8.52 Lakhs (1st Year Fees) |
8,00,000/Yr |
16,00,000 Total Fees |
16,28,000 Total Fees |
5,40,000/Yr |
|
Average package |
INR 16.74 LPA |
INR 16.61 LPA |
INR 16.51 LPA |
INR 12.74 LPA |
INR 16 LPA |
INR 16.64 LPA |
You can infer from the table above, the Data from all the baby IIMs is similar both academically and placements-wise. So the final decision should be based on personal preferences and career prospects.
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.
Yes, the newer IIMs are a good option, if you work hard for them. As they are new establishments, you get to experience the new culture and adapt to it in your own way.
IIM Sirmaur is progressing at a really fast pace even though it has been recently established. Many top companies offered internship offers for proper industrial exposure. Comparing them with the older IIMs makes no sense as they have years of experience.
In terms of academics, IIM Sirmaur provides the best to prepare the students for the future. Even if they do not secure on-campus placements, they are prepared so well that they are able to grab many opportunities off-campus as well.
No matter how old or new an IIM is, it is important to understand that the brand value it offers will certainly be a highlight of your career and will go a long way. It is the education the IIM provides that makes it stand out among others.
