Which one is better for an MBA fresher, DoMS IIT Madras or IIM Amritsar?
Posted On - Feb 6, 2023The Department of Management Studies (DoMS) of IIT Madras was established in 2004 (and IITM has been delivering MBA studies since 2001). On the other hand, IIM Amritsar was established on July 27, 2015. IIT Madras is the first IIT to open its doors to enthusiasts from streams other than engineering. These degrees include- MBA, B.A., B.Sc., B.Com., etc.
Given below are some factors by which you can analyze which is better for an MBA as a fresher:
| Particulars | MBA at IIT Madras | MBA at IIM Amritsar |
|---|---|---|
| Specializations | Finance, HR&B, Information Systems, Integrative Management, Marketing, and Operations. | General MBA |
| Curriculum | 1st Year: Data Analytics, Basics of Accounting, Spreadsheet Modelling, Financial Accounting, Marketing Management I, Operations Management, etc. 2nd Year: Business Models, Contemporary Issues in Management, Behavioural Lab etc. |
First Year: basic Financial Accounting, Management Accounting, Business Research Methods, Corporate Finance, Fundamentals of Marketing, Fundamentals of Operations Management etc. 2nd Year: Investment Analysis & Portfolio Management, Entrepreneurship and New Venture Management, Strategic Consulting, Design Thinking & Innovation, Financial Modeling. |
| Total Fee | INR 17 lakhs. | INR 12 Lakhs |
| Placement | Highest CTC: INR 29.65 LPA Average CTC: INR 16.93 LPA |
Highest CTC: INR 20.57 LPA. Average CTC: INR 16.51 LPA |
I would suggest you choose DoMS, IIT Madras over IIM Amritsar since the former has a legacy and a stronger industry connection. IIM Amritsar has just stepped into this race. Moreover, IIT Madras offers a wide range of specializations in its MBA program.
It is recommended not to join any of the 2 mentioned colleges, neither DoMS, IIT Madras nor IIM Amritsar, as the placements at newer Indian Institutes of Management (IIMs) are not yet on par with top colleges. Placements at newer IIMs are still evolving and it may take at least a decade for them to stabilize and for the demand for MBA degrees to increase in the long run.
It is important to note that Indian Institutes of Technology (IITs) are not generally considered to be top colleges for MBA programs, although IIT KGP and IIT Bombay have made a name for themselves. These institutions are primarily known for their strong focus on technology. If you are considering top MBA programs, IIT Madras is a good option due to its brand recall.
The institution has the potential to attract top tech companies to offer MBA roles as well. Older IITs have a well-established reputation which newer institutes may not yet have. It took almost 3 decades for IIM Lucknow to reach its current level of prestige, and that was without the level of competition that newer IIMs face in attracting the best companies and roles on campus.
