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What is a waitlist commitment amount? Does IIM Trichy have this?
The simple definition of waitlist movement amount is the money some colleges accept from students to include them on the waitlist. The reason for charging extra fees is to ensure that students are opting to stay on the waitlist not just in case but because they want to seriously join the college. However, later on, if you fail to get a seat, the amount is refunded and in case you get a seat, this amount is adjusted against the total fees. Paying this amount basically means that one is serious about his admission. IIM Trichy is one of the IIMs that has this facility.
If IIM KI is 8/10 (ABC being 10/10) where does IIM Shillong and IIM Trichy stand?
Here are my ratings for the IIMs
- IIM Ahmedabad Bangalore Calcutta: 10
- IIM Lucknow: 9
- IIM Kozhikode and Indore: 7.9
- Other second-generation IIMs: 7.6
- New third generation IIMs: 6.8
The above rankings have been done on the basis of age, placements, and research. I don’t think these factors are enough to rank IIMs.
Another major parameter of comparison is the duration of the establishment.
- First generation: (est before 1984) Ahmedabad Bangalore Calcutta Lucknow
- Second generation: (est. before 2000) Indore and Kozhikode
- Third generation: (est. around 2009) - Ranchi, Raipur, Rohtak, Trichy, Udaipur, Kashipur, Shillong
- Fourth Generation: New IIMs (after 2014) - 7 IIMs
Most of the FT rankings and online rankings are based on this parameter. In reality, every IIM has top-notch faculty, infrastructure and placements m. Yet the new IIMs will take some time to reach the top.
How are the placements in IIM Trichy?
We can study the placement scenario at IIM Trichy through the following statistics
|
Particulars |
Statistics |
|
Number of Students |
230 |
|
Number of Recruiters |
110 |
|
Number of Offers |
228 |
|
Highest CTC |
INR 34 LPA |
|
Average CTC |
INR 17.01 LPA |
|
Median CTC |
INR 16 LPA |
|
Major roles |
Management Trainee, Product Manager |
|
Top Recruiters |
Amazon, Dell, Nomura |
Is it worth leaving a NITIE Mumbai admit for IIM Trichy if I'm not sure of specialisation to pursue?
NITIE Mumbai is a renowned B-school which focuses majorly on Operational management. It has the best placements in this field. Also, it admits only Engineers for its MBA program. So, if you want to explore and not sure about your specialisation in MBA, you can choose IIM Trichy over NITIE Mumbai. Because IIM has many specialisation to offer, which will give you a holistic approach of MBA.
However, IIM Trichy is a new IIM and NITIE Mumbai is very old institute. The placement of Nitie Mumbai is far better than IIM Trichy, but in niche domains.
Should I prefer IIM Nagpur over IIM Trichy, even I have taken admission in Trichy but I have chance to get 100% scholarship in IIM NAGPUR? What should I do?
In MBA, fees is the major concern, as the repayment of the loan taken for the courses is a tough task.
IIM Trichy is far superior to IIM Nagpur in terms of reputation and performance, and everyone will choose Trichy. However, if you are receiving a 100% scholarship, I recommend choosing Nagpur because you won't have to take out a loan to cover your tuition, which will be extremely advantageous for your future job.
You will have a better ROI if you choose college with 100 percent scholarships. Also, IIM Nagpur is the most developing IIM among the new generation IIMs.It has its own permanent campus and better placements records.
I have got admission offer for an MBA program from IIM Udaipur, IIM Rohtak and IIM Trichy. Which one should I choose?
One of my friends faced a similar problem while choosing among all of the second-generation IIMs - Trichy, Kashipur, Udaipur, Ranchi, Rohtak, and Raipur. Let me share his experience which might give you a basic idea.
- He decided to conduct his own preliminary investigation without seeking any assistance from anyone.
- Furthermore, he simply went to the websites and Facebook pages of these IIMs and looked at what each of them does, particularly in terms of placements and campus life and activities.
IIM Trichy and IIM Udaipur were his final two options. The following are the reasons why he chose IIM Trichy:
- Faculty
- Placements
- Infrastructure and activities on campus
- Conversations with the seniors
- Mentorship advice
I have converts from IIM Trichy, Rohtak, Udaipur and Raipur. Which one is the best for a finance guy?
IIM Trichy and IIM Rohtak are superior to Udaipur and Raipur.
Because of their location, the former two IIMs have an advantage over the latter two. One is close to a prestigious engineering college, while the other is a short distance from the capital.
In the 2020 National Institutional Ranking Framework (NIRF) management school ranking, IIM Trichy was ranked 15th. Goldman Sachs offers INR 21-23 LPA; JP Morgan offers INR 21 LPA; Axis Bank offers INR 18-20 LPA, and ICICI Bank offers INR 20-22 LPA.
IIM Rohtak is also a good option for a Finance MBA. It has a favorable environment for Finance specialization. The institute has a strong faculty. The student population is competitive. You will be in classes with gifted students. The peer group is also quite diverse. There are people from various academic and cultural backgrounds present.
Is it worth pursuing an MBA from IIM Trichy? I am a business consultant making 6LPA now, so worried about the financial results from Tier 2 IIM.
Joining an IIM solely to get placed at a high-paying job is not the right perspective. A working professional should pursue an MBA to enhance his skills and acquire extra knowledge. You should be looking for the following in an MBA
- The new skills you will acquire
- Understanding of the new tactics of Businesses
- Learning the art of discipline and other work ethics
- Bonding with people from diverse cultures and hierarchies.
- Conducting case studies and broadening your problem solving skills.
Only if you value these aspects can IIM Trichy benefit you in any way. But if you focus just on ROI, it’s high time you target IIM A B and C only.
Are New IIMs (Trichy, Udaipur, Ranchi, Rohtak, Raipur, Kashipur) good for MBA in Finance? If not suggest some B-schools. Really interested in investment banking.
Honestly speaking, a career in investment banking should not be considered by the new IIMs. It’s a too ambitious profile to match the relatively new curriculum of these IIMs. Even if you are in a top B School, you will have to remain among the top students to get placed for a front-end role. One can still get roles in corporate & business finance but getting roles in Investment Banking is rather difficult.
Yet if you are not choosing an older IIM and want to choose a newer one, IIM Trichy is the best among them. The order is
IIM Trichy > IIM Udaipur > IIM Ranchi
There are many B Schools apart from IIMs that offer great Investment Banking roles. These include SPJIMR, JBIMS Mumbai, IIFT, and XLRI.
Which new IIM (Udaipur, Ranchi, Raipur, Rohtak, Trichy and Kashipur) has the potential to join the league of ABC in future? Why?
Comparing the new IIMs with the IIM ABC is rather ridiculous and not justified. Considering factors like infrastructure, faculty, and alumni base, the top IIMs are way ahead of the new ones. Even if the new IIMs tackle the infrastructure and faculty issue they can never match the extraordinarily strong alumni base of the older IIMs. The IIMs A, B, and C have given birth to many geniuses that have contributed largely to Indian society in various fields like arts, literature, sports, etc. They have even made impressions globally.
No matter how fast the new IIMs climb up the ladder and excel, they will never be able to match the alumni base and worth of older IIMs.
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