Indian Institute of Management - [IIMA], Ahmedabad : 21 Answered QuestionsView All
• Top Answer By Nikita Joshi on 16-Jan-2021
Ans. When you are talking about the normal person, you must be clear about who this normal person is. Is it a person who is in the middle when people are arranged as per the salary package they receive? If yes, then you are looking for the median salary value.
The median value of packages for old IIMs, XLRI, and FMS ranges somewhere between 18-25 lakhs per annum while for new IIMs and other B-schools, the median value ranges between 10-16 lakhs per annum. The packages differ year after year. Also, there are many factors that come into consideration while deciding the average package received by a normal person in any of the institutes be it IIMs or other b-schools.
The average package in a particular specialization may be higher in a specific institute. For eg: XLRI gets the highest median packages for HR specialization, but not for other specializations.
The table given below will help you understand the average package that a normal person receives at the IIMs, XLRI, FMS, and ISB.
Average Package (2019-2020)
Indian Institute of Management
Xavier School of Management
Faculty of Management Studies
Indian School of Business
Do not blindly rely on the placement reports as most of these reports are unaudited. Do thorough research before you apply for the management program.Read more
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Ans. Choosing which is the better college among the others can be a daunting task if you don’t have certain parameters to decide upon. Not one or two, too many MBA aspirants get confused in choosing among these two colleges. There are certain prerequisites that can help you choose which one is better than the other.
Ranking: [Winning Institute - IIM, Ahmedabad]
Indian Institute of Management, Ahmedabad stands out at the top among all B-Schools in most of the rankings. IIM, Ahmedabad is ranked #1 in NIRF 2020 ranking among all the management colleges in India. It is also the top IIM.
Fees: [Winning Institute - IIM, Ahmedabad]
The program fees for PGPX 2021-22 at IIM- Ahmedabad is INR 28 LPA while for the same program, the fees at ISB-Hyderabad is 39 LPA. Clearly, pursuing an executive MBA at IIM Ahmedabad will be more pocket friendly.
Number of Seats: (ISB Hyderabad > IIM Ahmedabad)
This is an important factor to be considered before you even think to apply for the PGPX program at IIM Ahmedabad.
IIMs usually have a very less number of seats and undoubtedly, the competition to grab that one seat is also very high.
On the other hand, ISB, Hyderabad has an excess of seats for the executive MBA program which is the major reason why most of the MBA aspirants are targeting to get into the ISB, Hyderabad.
To pursue an executive MBA from ISB, Hyderabad, a GMAT score of 700-750 and a work experience of 4 years will be enough. Though the selection committee sets certain grounds for confirmation of admission depending upon the student’s ability and aptitude.
On the other hand, at IIM-Ahmedabad, the entire selection procedure includes analysis of GMAT/GRE score, work experience, and other scholastics. You will have to go through many filters to get one seat at IIM-A.
Apart from the parameters mentioned above, ISB, Hyderabad has become one of the top priorities among MBA aspirants. With the ISB Young Leaders Program and Early Entry Option, the institute offers opportunities to apply to the programs at an early stage.
The institute that you choose for an executive MBA program must fulfill your requirements. Therefore, set your own parameters and then decide.Read more
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Ans. Absolutely yes, as all the degree courses of IGNOU are recognized by AICTE and UGC. After the completion of graduation in BBA or B.Com from IGNOU with good marks, any candidates can go for higher studies at IIM but at the same time, the candidates need a valid score of any national entrance examination for management programs.
There are some key factors that will help to find out how a graduate student from IGNOU is acceptable for IIM.
Any candidates who are applying for a postgraduate degree at IIM require a minimum of 50% marks in graduation and equivalent marks in 10+2.
To get admission at IIM, the candidates must have a valid rank of national entrance examination for management such as CAT/XAT/GMAT scores.
To get an interview call from IIM, the candidates must meet cut off marks of CAT and should be listed for the applied course.
Here is a list of a few IIMs and their expected cut-off marks of the CAT score for MBA admission.
Expected Cut off
Every IIM conducts an entrance examination for different management programs that are written aptitude tests (WAT).
Only the qualified candidates in the entrance examination get a call for an interview and group discussion (GD) session for the same.
Preferences are given to only those who meet the cut-off tank published by IIM and accordingly the merit list is generated.
So, it is 100% possible that the students having an IGNOU degree are eligible to get admission into IIM. But there are certain conditions applicable such as only the students with good marks in graduation are eligible and they must possess a valid CAT/GMAT or another entrance score, in order to be accepted for admission into IIM.Read more
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Ans. IIM Ahmedabad, Banglore, Calcutta, and Lucknow are positioned at 1st, 2nd, 3rd, and 4th place in the list of NIRF India ranking 2020 for management courses. XLRI, FMS, and SPJIMR are placed at the position of 9th, 35th, and 18th under the same category of NIRF 2020.
Candidates have to clear Business Aptitude Test (BAT) offered by ISB in order to seek admission.
For admission at IIM Ahmedabad, Banglore, Calcutta, Lucknow, or any other IIMs in general, one has to clear IIM-CAT. The expected cutoff percentile this year would be 97-99%.
XLRI conducts the Xavier Aptitude Test (XAT) every year in the month of January which is followed by group discussion and personal interview rounds for admission.
FMS considers CAT scores for MBA admission with a cutoff of 98% for the general category.
SPJIMR conducts SPJAT for MBA admission. It also accepts CAT/GMAT test scores with a cutoff of 92%.
Around 400 recruiting companies participated in the recruitment process making 1504 job offers.
The best domestic CTC offered in 2020 is 48 LPA whereas the median salary offered was 25.71 LPA.
346 recruiting companies participated in the placement session this year with top recruiters being Accenture, Aditya Birla, Amazon.
The average package of PGP is 26.13 LPA, whereas that of PGPx is 33 LPA.
150+ recruitment companies visited campus making 600+ job offers overall.
The average CTC offered for PGP was 26.18 LPA, whereas for EPGP it was 30 LPA.
498 job offers were made at IIM-C by 150+ companies which include industry giants like JP Morgan, Wipro, BCG, Goldman Sachs.
Highest and average CTC offered were 80 LPA and 27.9 LPA respectively.
443 students got placed from the 2020 batch at IIM-L with an average annual package of 24.25LPA at companies like Flipkart, Deloitte, Accenture.
The best CTC offered so far is 54 LPA at IIM-L.
The batch of 2020 recorded 100% placement with 362 overall domestic and international offers.
The average CTC was recorded to be 2 6LPA whereas the highest package was 58.5 LPA.
219 students appeared in the placement session in 2020.
Each of them got placed at top-notch companies like Coca Cola, Asian paints, GSK pharma with an average salary of 25.6 LPA.
Highest CTC offered was 51 LPA with an average CTC of 26.36 LPA.
The majority of students got placed in FMCG, E-commerce sectors.
Each of these eight institutes is among the top-notch B-schools in India. Go through the given parameters to decide what is best for you.Read more
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Ans. The IIM Ahmedabad PGP-FABM is a sector-specific program launched with the aim to produce leaders in the field of rural, food, agricultural, and allied sectors.
The PGDM HRM course in XLRI Jamshedpur is one of the oldest and prestigious programs of the institute. Students from this course are offered roles such as Human Resource Development, Industrial Relations, Personnel Management, and other related areas.
Admission to the PGP-FABM program at IIM Ahmedabad is done through Analytical Written Test(AWT), Personal Interview, and score obtained in the CAT entrance test.
Admission to the HRM program at XLRI is done through scores obtained XAT/GMAT entrance test and students need work experience of a minimum of 3 years.
Notable alumni of IIM Ahmedabad include Raghuram Rajan who is Chief Economist of IMF and renowned alumni of XLRI include Vineet Nayar who is former CEO of HCL Technologies.
The pedagogy of two years PGP-FABM program at IIM Ahmedabad is based on the Case Method, Group Work, Case Presentations, and Live Industry Projects.
Second-year students enrolled in the PGP-FABM program at IIM Ahmedabad are allowed to undertake a term in the ESSEC, Paris, UBC, Canada, and SJTU, China.
The major focus of the HRM program at XLRI is directed in Human Resource Information Systems, Training and Development, Compensation Administration, and Performance Management.
The HRM program at XLRI also includes a summer project, participation in team-building, and a village exposure program.
The library at IIM Ahmedabad stacks over 1,94,704 Books and 19816 Online Journals. The library is also equipped with EBSCO Discovery and RemoteXS facilities.
The library at XLRI Jamshedpur has over 66,687 books and 16806 journals.
The highest package offered at IIM Ahmedabad was 70 Lakh and top recruiters were ITC, Nestle, Mondelez, General Mills, P&G, General Mills, Asian Paints, and Reckitt Benckiser.
The highest salary offered at XLRI was 50 LPA during the placement drive of 2020. While the major recruiters were TAS, Aditya Birla Group, Colgate, Samsung, Asian Paints, Bajaj Finserv, Reliance Industries, ACT, etc.
For a student from an agricultural engineering background, the PGP-FABM programs would be better, as the program is designed in a way to meet the industrial needs. However, it is recommended that students go with their choice of interest.Read more
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PGP-FABM Fee for 2019-21: Rs.11,14,500/year. According to today's news, the new fee is about 28 lakhs for the course (not sure if this info is applicable to FABM as well or not). Depends on economic condition scholarships are provided. Please refer to the IIMA website. Financial Assistance from different banks will be provided without collateral. I got into one of the reputed corporate company with a lucrative stipend amount.
The cumulative course fee for the two years was Rs. 19.5 lakh. I understand this is a huge amount but IIM was Government funded, initially, when they are established. Once the resources are in place, IIMs are now independent bodies with no funding. Hence, they charge fees. And to maintain the level of being a premier institute, very good faculty, guest lectures. But paying that fees are worth what you get in terms of knowledge and the placement package. The loan is easily available in the campus itself, so don't bother about that. Students from economically weaker section get financial support from the institution in both the first and second years. It is called the NBFA (Need-Based Financia...
The fees come to a total of around 23 lakhs for the whole program with fees being paid at the beginning of each term for 6 terms. Bank loans are available under the IIM loan scheme in various banks which also provide rs.10000 per month for other expenses. Various merit-based and need-based scholarships covering up to 2-3 lakhs are available for students. The summer internship stipend depends on the company and may range up to Rs.1-2 lakhs per month for 2 months.
The fees are reasonable and in-line with the average job packages that students are offered. The fee payment can be supported with an education loan which is extremely easy to secure. There are a few scholarship options that are available.
I have availed loan from SBI inside the campus. It was quite a smooth process. You can take a loan in your own name without any collateral. It will just take 15 mins to complete the process. The following documents are required: 1. 10th mark sheet 2. 12th mark sheet 3. Aadhar Card/PAN card 4. Job letter(if you have work experience)
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Scholarships are provided for the merit students and economically backward class students I have not applied for any scholarships so don't know much about scholarships. But there are students who got scholarships and a reduction in fee structure also.
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