Which college should I join, VGSoM (IIT Kharagpur) or IIM Udaipur considering the IIM tag and ROI (in favor of VGSoM)? I am inclined towards an MBA in marketing.
Posted On - Jan 23, 2021Both VGSoM (IIT Kharagpur) and IIM Udaipur are highly reputable institutions with strong reputations in their respective fields. However, VGSOM is known for its strong focus on technology and engineering and lacks an environment conducive to Management studies. IIM Udaipur on the other hand is known for its business and management programs. The IIM tag is a strong advantage for IIM Udaipur, and an MBA in marketing from an IIM is highly valued in the job market.
Moreover, IIM Udaipur ranked 81 in the Financial Times Global rankings and should be preferred over IIT Kharagpur in my opinion. The branch value of the MBA program plays a major role in shaping your career so make sure you choose it after deep research and analysis. IIT Kharagpur is an excellent brand for B.Tech, but not so much for MBA. In fact, the whole ambiance is different.
Ultimately, the decision on which college to join will depend on your interests, goals, and career aspirations. It is important to do your own research and consult with professionals in both fields to make an informed decision.
For an MBA in Marketing, IIM Udaipur is a better option than IIT Kharagpur. Being an IIM, it offers a more suitable environment for management studies. The faculties are the best in their field. IIM Udaipur placements are great. The placement average is around 100%. The batch of 2022 received an average CTC of around INR 17.5 LPA. While the highest CTC offered was INR 35 LPA. The return on investment for IIM U is decent.
IIT KGP is mostly known as a technical institute, for an MBA, IIM Udaipur is better.
IIM U is the better choice than IIT Kharagpur, especially if you are going for the specialization of Marketing. If the IIM tag is not the only thing you are looking for in your degree, go through the following points to make the right decision.
The table given below shows a detailed overview of the between IITs and IIMs
|
Colleges |
Average Salary |
|
IIT Kharagpur |
Rs. 23.20 LPA |
|
IIT Bombay |
Rs. 20.34 LPA |
|
IIT Delhi |
Rs. 16.00 LPA |
|
IIT Madras |
Rs. 16.10 LPA |
|
IIT Kanpur |
Rs. 15.80 LPA |
|
Second Generation IIMs |
|
|
IIM Rohtak |
Rs. 13.70 LPA |
|
IIM Kashipur |
Rs. 13.82 LPA |
|
IIM Trichy |
Rs. 14.96 LPA |
|
IIM Raipur |
Rs. 15.20 LPA |
|
IIM Udaipur |
Rs. 13.80 LPA |
|
IIM Ranchi |
Rs. 15.11 LPA |
The IIMs established in 2008 and later are considered the Young/Second Generation IIMs, while those established in and after 2015 are called new IIMs. The third generation IIMs are IIM Amritsar, IIM Sirmaur, IIM Jammu, IIM Nagpur, IIM Bodh Gaya, IIM Visakhapatnam, IIM Sambalpur.
Comparison:
- Average CTC- As you will notice from the statistics given, only IIT B, IIT D, and IIT KGP have a better average CTC than the 2nd generation of IIMs.
- Years of Establishment- The 2nd generation IIMs are only 8-9 years old. Whereas the IIT MBA programs are almost 22 years old.
- Batch Strength- Compared to the IIT MBA, the 2nd generation IIMs have a larger batch strength.
- Diverse Peer Group- Other than IIT D and IIT M, none of the IIMs accept Engineers for MBA. Which decreases the diversity in the peer group and in turn peer learning.
- Pedagogy- IIM focuses on teaching by case studies. This is not the case for an IIT MBA.
- Placements- Placements at IIT for MBA is more focused on Operations/IT/Analytics. For example, 45% of the whole batch at IIT KGP was placed in Operations/IT/Analytics, recently.
The good thing about 2nd generation IIMs is that despite being new, and the higher batch strength, they offer a better average CTC as compared to IITs. It’s true that the reputed IIT has set up their management department quite well. But in the long run the 2nd generation IIMs will offer more advantages over IITs, just because of the IIM tag.
