SJMSOM at IIT B was founded in 1995, making it a relatively newer institution. But for a couple of years now, it has been making headlines because of some really outstanding profiles that were provided. Its core competencies are operations and supply chain management. There is no doubt that IIT B is the best choice if you want to work as a product manager. IIT B also has a beautiful campus with excellent facilities.
Additionally, it would give you the opportunity to take part in MOOD-I, the most significant cultural festival in all of Asia, which is held at IIT Bombay. With the well-known tech fests, there is another opportunity for you to participate. Furthermore, there are benefits to living in Mumbai. For guest lectures, the majority of the industry experts live nearby and are easily reachable.
IIM Lucknow was founded in 1984, so it has 11 batches more alumni than IIT B, resulting in approximately 3300 more alumni (considering 300 students per batch on average). It is also the fourth oldest IIM, following A, B, and C. You will gain a lot more industry experience, which will assist you in deciding what you truly want to do. In addition, IIM L offers better opportunities in Sales & Marketing, Consultancy, and BFSI than SJMSOM. Furthermore, you will be networking with a large number of students from all over the country and forming lifelong friendships. Furthermore, the IIM tag for a managerial position has an advantage over the IIT tag, which is still developing.
It would be fine if you went to IIM L, SJMSOM, or any other B school a few years later. When you switch from the first company you get after your placements, the new recruiters will be more interested in your work than in the college you attended. And the impact of your college's name gradually fades. What remains are the lessons you've learned and the memories you've made over the last two years.
IIT Bombay boasts a long list of notable alumni in various industries. Some of the most eminent figures have been listed below
These famous alumni from IIT Bombay have made the institution's name and are highly considered idols by many IITians.
MDI will be a better option for all specializations, except Operations. If you are interested in Operations, IIT Bombay is much better. MDI Gurgaon placements are excellent. Big names such as Bill & Melinda Gates Foundation, and BCG have visited the campus placements. The 2022 placement drive had an average CTC of INR 26.65 LPA.
MDI offers the best placement in the finance domain after IIM A, B, C, FMS, and XLRI. JP, HSBC, Nomura, Stanchart, etc. are some of the major recruiters from the finance sector.
MDI placement records for Marketing are good as well. HUL, Coke, Pepsi, and P&G are some significant recruiters from the marketing sector.
My cousin recently graduated from SJMSOM and has begun working at Fidelity Investments as a Delivery Manager for almost 3 years now. He suggests going for SJMSOM only if,
You can opt for IIM Indore only if you prefer the following,
Here is a brief overview of both SJMSOM and IIM Indore.
Institute | SJMSOM | IIM Indore |
Average CTC | 20 LPA | 20 LPA |
Highest CTC | 26 LPA | 32 LPA |
Major recruiters | Yes Bank, Goldman Sachs, OLA, Wipro | PwC, BCG, Microsoft, MX Player |
Both institutes are reputed so take a call based on your personal preference.
IIT Bombay has a brand name for engineering, but NITIE is a prominent brand name for management engineers. NITIE is anytime better than IIT Bombay. Following are the reasons for the same:
Particulars | NITIE (PGDIM) | NITIE (PGDISEM) | IIT Bombay (MBA) |
Fee | INR 11.33 Lakhs | INR 11.33 Lakhs | INR 13.64 Lakhs |
Average CTC | INR 20.84 LPA | INR 16.28 LPA | INR 20 LPA |
Highest CTC | INR 44 LPA | INR 44 LPA | INR 27 LPA |
Overall, as per the above analysis, NITIE Mumbai is a better choice. Even the return on investment is higher than IIT Bombay.
Both SJMSOM and IIM Indore are distinguished B-Schools in this league. IIM is a brand name on its own and offers certain perks that make it a better choice.
Hopefully, this would be helpful for you in making the right choice.
From a placement perspective, companies often prefer candidates with experience in manufacturing or construction, or a related field. This has been observed by some of the students, who had difficulty securing their desired operations jobs. However, it is worth noting that there are also opportunities available for those who do not have such closely related experience.
SJMSOM may be a better choice for those interested in operations than IIM Shillong. Some may argue that the IIM brand carries more weight in the long term, but once an individual has been placed and has gained sufficient experience, it is their track record that truly matters. It is recommended to speak with current students at the school of interest, avoiding the public relations committee as they may be biased, to better understand placement prospects for a particular profile. This can help inform the decision of where to pursue an MBA.
With admissions into colleges like Vinod Gupta School of Management (VGSoM) and Shailesh J. Mehta School of Management (SJMSOM), ranking 5th and 10th respectively on the prestigious NIRF chart, students get a chance to be a part of an unmatched academic legacy. Currently, there are 20 IIMs in India. Achieving a slot in the most competitive programs in the entire country is indeed prestigious.
IITs have brought down their fee structure to ranging between 2-8 lakhs, making it affordable for students from all walks of life.
Out of the 23 IITs of India, seven offer MBA courses. All of these colleges find a remarkable ranking in prestigious chartings.
As per the NIRF-MHRD, IIT Delhi, IIT Bombay, and IIT Kharagpur rank in the top ten MBA institutes of India.
Eligibility:
Aspirants are required to clear the eligibility for individual institutes such as Written Tests, Group Discussions, and Personal Interviews.
The admission process is similar for all of these colleges, but the programs, fee structure, and placement cycles are different.
Each IIT Management college offers the flexibility to choose the electives and specialization in their courses.
Placement Opportunities:
The IIT ecosystem offers students immense consulting and research opportunities.
The average salary offered by IITs ranges from 11 LPA to 12 LPA, as opposed to the average fee being 8 LPA.
Amazon, Bank of America, KPMG, McKinsey, JP Morgan Chase, and Wipro are some of the top recruiters of the IIT Management placement drive.
Colleges like VGSOM are prepared to offer a better course catalog, backed with a handsome placement cycle, hence they are worth the investment.
When considering which business school to attend, it's important to weigh your options carefully and choose the one that best aligns with your personal and professional goals. Here is a summary of three business schools and some key factors to consider when making your decision:
I have friends in all the 3 institutes so I happen to be the right person to answer your question
A friend in NIT Trichy told me that the lectures are boring and the professors are incapable of delivering the concepts in a skillful manner. Most of them are hardly interested in teaching and offer no individual assistance. Only a few exceptional professors help you here.
Meanwhile, my friends at BITS Pilani and IIT Bombay were all praised for their respective institutes.
So yes there is a huge difference in the quality of education and opportunities offered by the aforementioned institutes. However, in the long run, it’s your skills and talents that matter.