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IIM - Indian Institute of Management

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sm176811
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IIM - Indian Institute of Management [#permalink] New post   20 Mar 2006, 15:22
IIM was ranked by Economist as the toughest business school to get in.

"the Indian Institute of Management (IIM) in Ahmedabad, in the western state of Gujarat. In the most recent edition of its “Which MBA?â€
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[#permalink] New post   08 Jun 2006, 08:58
good articles...i know ISB is becoming popular as well
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pravinkawadkar
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Indian Management institutes [#permalink] New post   26 Jul 2006, 11:02
Normally India does not have good track record of private MBA institutes. Most of the institutes in India are govt owned or govt funded. One notable exception is ISB. ISB has done good progress but still compared to indian MBA it is costly. The other private MBA school is Great Lakes Institute of Management, Chennai. This institute is started by Mr. Chandrashekhar of exodus communication. Recently philip cotler visited the institute. The SP jain, XLRI, Amity. But all the indian institutes lacks diversity. You will not find international students in indian institutes. But to get into IB, PE or VC firms indian institutes are not that bad. People around the world believes in Indian's number crunching skills. Nowdys these firms start recruiting form IIT campuses also, although it is as Analyst not as associate. Indian institutes are good for
1) Getting career change in India
2) Getting into IB, PE, VC or commercial Banking firm
3) Consultancy firms also recruit well
But if you are looking to do career in International Marketing, Strategy planning Manager then Indian institutes are not that good.
Biggest problem is to get there.

Pravin
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Re: IIM - Indian Institute of Management [#permalink] New post   05 Aug 2006, 23:11
sm176811 wrote:
the Economist Intelligence Unit found the IIM was the toughest business school in the world to get into, with more than 70,000 applicants fighting for 200 places.


I don't find that argument plausible. The reason for such a large number of applicants to even apply to the entrance test may be the relatively low cost of entrance application.

  • The entrance fee is very low compared to GMAT + TOEFL. The entry fee of GMAT/TOEFL is one of the deterrents for applicants who are not serious at all for the preparation.
  • Just the number of applicants doesn't make any business school tough to get into. I am curious - how many of those applicants score in the range of acceptance of IIMs and other schools? If a particular US B-school receives 10000 applications with 9500 having GMAT and acads much below the school's expectations, would you rate it 'tougher to get into' compared to a B-school that receives 4000 applications with 2500 applicants matching the school's expectations in terms of GMAT and acads?
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Re: IIM - Indian Institute of Management [#permalink] New post   06 Aug 2006, 02:01
tehcalvin wrote:
sm176811 wrote:
the Economist Intelligence Unit found the IIM was the toughest business school in the world to get into, with more than 70,000 applicants fighting for 200 places.


I don't find that argument plausible. The reason for such a large number of applicants to even apply to the entrance test may be the relatively low cost of entrance application.

  • The entrance fee is very low compared to GMAT + TOEFL. The entry fee of GMAT/TOEFL is one of the deterrents for applicants who are not serious at all for the preparation.
  • Just the number of applicants doesn't make any business school tough to get into. I am curious - how many of those applicants score in the range of acceptance of IIMs and other schools? If a particular US B-school receives 10000 applications with 9500 having GMAT and acads much below the school's expectations, would you rate it 'tougher to get into' compared to a B-school that receives 4000 applications with 2500 applicants matching the school's expectations in terms of GMAT and acads?


I agree. May be the cost of application is one reason for so many people applying for institutes. Another important reason is that beyond IIM India has very few quality management institutes which can match to IIM.
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Re: IIM - Indian Institute of Management [#permalink] New post   06 Aug 2006, 02:35
tehcalvin wrote:
  • The entrance fee is very low compared to GMAT + TOEFL. The entry fee of GMAT/TOEFL is one of the deterrents for applicants who are not serious at all for the preparation.


Agreed there is no GMAT and the cost is cheaper. But they DO have an entrance exam called CAT and the standard is relatively higher than GMAT or TOEFL. The CAT is held only once a year, so unlike GMAT one has to wait for a year to retake!

You can see some of the sample questions here: https://questions.ascenteducation.com/

Agreed GMAT is more expensive... but with respect to the standard of living in India where average annual salary is Rupees 34551 [Ref: https://cee45q.stanford.edu/2003/briefin ... india.html ], the approx 1000 rupees CAT fees is relatively high! So, chances are relatively few people would try to apply to IIMs for fun!

tehcalvin wrote:
  • Just the number of applicants doesn't make any business school tough to get into. I am curious - how many of those applicants score in the range of acceptance of IIMs and other schools? If a particular US B-school receives 10000 applications with 9500 having GMAT and acads much below the school's expectations, would you rate it 'tougher to get into' compared to a B-school that receives 4000 applications with 2500 applicants matching the school's expectations in terms of GMAT and acads?


Agreed again! BUT, this is how I see it...
Top US Schools has the following approximate acceptance rate:
--> Harvard - 12%
--> Stanford - 9%
--> Wharton - 15%
--> Chicago - 28%

[Ref: https://www.geocities.com/topmbaprograms/Top5MBA.htm]

Now let us disect the numbers and see how it appears for IIMs. Comparatively, IIM has an acceptance rate of 0.286 %!

Even if 9/10 of the applicants are bogus, that leaves us with 7000 genuine applicants fighting for 200 positions! Which equates to 2.857% acceptance rate! Compare that to the figures above!

Thank you!
- J
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[#permalink] New post   07 Aug 2006, 10:37
Another important point in India is the ratio of no of graduate students / No of quality institutes. Its a demand and supply equation and that's why the rush is. If people will have options they will apply judiciously. In recent times MBA has become very hot so people are just rushing for it.Although 1100 is not very small amount but it is not that big also. Average income for india may be 34k but average is not true indicator. India has vast differential among cities and villages. Almost evry third students in Metros appears for CAT. So many students in college first appears for CAT considering it as a preparatory exam for state CET which comes around May. Even though they know they can not crack they appear for CAT to judge their potential. This looks funny but people follows it every year.
I do not want to undermine importance of IIMA. It is HBS of india. If HBS has maximum no of CEOs in U.S. same is true for IIMA in India.
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[#permalink] New post   08 Aug 2006, 14:24
Don't know if this has any bearing on the topic but I know of a number of people who have been accepted in Harvard or Wharton and not in IIMA...

I can vouch that most of the people fighting for these seats are extremely serious about doing MBA and the cost of GMAT/TOEFL is not a consideration. Very often they give the GMAT but more as extra prep for the CAT (IIM entrance).

As said above, a big problem is that the CAT is held only once a year and it is the entrance exam for all the B Schools in India, so every single person has to do their best that one day. Another problem is also the supply and demand - few seats and lots of applicants.
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