Indian Institute of Management (IIM) is Much Better Option than Ivy League !!
These guys are just 23-24 years old, girls and boys, without any work-experience, but many of them (about top 20% of the class, or probably more) are getting Final Jobs of $110K to $220K -- Goldman to ML. Analyst and Associate both mixed position, but most of them in Investment Banking & in Consulting !!
Their education cost is just $5000-$7000 for entire MBA (Though, they give PGDM, not MBA - Post Graduate Diploma in Management, which is considering to be equivalent to MBA).
So, with these figures, their ROI is the best and Pay Back period is far less !!
NOW, There is NO need to go to HARVARD, WHARTON or COLUMBIA and fu**ing pay them $75K-$120K (plus few $$$ to American Government) just for some "State-of-Art" but without any "intellectual" education !! For international student $5000-$7000 is nothing, and they get same or probably more salary than what HARVARD, WHARTON and COLUMBIA gets !!
World is changing!! Are you ready for competition??
Payback time less than Ivy League
TIMES NEWS NETWORK[ WEDNESDAY, MARCH 14, 2007 01:57:49 AM]
AHMEDABAD: The annual salary turnovers at IIM-A has shot up by 19%, thanks to the growing demand for these graduates worldwide. Put together, the 224 graduates, who opted for placements this year have bagged total salaries (annual salary turnover) worth Rs 56 crore a year.
This is over 19% higher than last year’s total annual salary of Rs 47 crore bagged by 235 students. This also indicates that the payback period for a graduate at the IIM-A is now less than a year as against a pay-back period of over four to five years at Ivy League B-schools.
On an average each student at IIM-A has bagged over Rs 25 lakh a year in salary compared to last year’s Rs 20 lakh, registering a growth of 25%. While in terms of expenditure incurred, students at IIM-A spent less than Rs 3.20 lakh for the two-year flagship programme, the returns in terms of salary, domestic and overseas put together, have been as high as Rs 25 lakh a year.
Of the total salary turnover of Rs 56 crore about 60% or, Rs 33.41 crore was bagged by graduates with overseas placements. A large part of the 63 foreign acceptances were made by i-banks and consulting firms. Though the overseas placement this year is lower than last year’s 73, the salary turnover is still higher.
In domestic placements about 137 students together achieved salary turnover of Rs 18.63 crore against last year's turnover of Rs 12.53 crore to about 129 students.
http://economictimes.indiatimes.com/News/News_By_Industry/Services/Educ…
I am not afraid of the competition from IIM.It is only another fade. IVY LEAGUE is here for another 200 years. Harvard, Wharton all the way.
is this an advertisement?..
sorry, i am getting my MBA for janitorial duties.. this article does not appeal to me
Funny stuff.
The $5000 is only for the ppl who are acutally citizens of INDIA.
For NRI's i.e.( Non-Residents of INDIA) the cost is pretty much equivalent to the cost of Harvard and Wharton. Besides, it depends on what you wanna do. IIT is amazing for studying hard sciences like MAth and CS, but for social sciences.....I don't think there is a comparison even.
I have heard though that getting into IIT is very very very hard.....
i believe they're talking about about iiM not iiT...although, i'm sure you're $5000 comment still applies
I don't understand the point of this post. I'm sure IIM sends a lot of people to I-Banking, but to think that it is easier to get into a top US firm from IIM as opposed to Harvard/Wharton is ridiculous.
If you want to work in India, then by all means, go to IIM. If you want to work for a top bank in the US, go to a top US MBA.
Seriously. Is this an advertisement..
"World is Changing"??!?! ..ROTFL...:)
This conversation reminds me of this: http://www.leveragedsellout.com/2005/10/outsource-me/
With the OP as the Lalloo character of course. Worth a read in case you don't know it yet.
For those who might post back agressively without understanding the sarcasm: note I respect ivy's and IIT/IIM guys alike since I work with both!
I am moving to New Delhi!
I've heard that the New Delhi School of Management teaches everything you will ever need on Wall STreet. Wall STreet is nothing compared to the dusty streets of Hyderabad!
Werd 2 yer motha 4 cheezy mi nizi!
Err..get ur geographical names right bryan1.
New Delhi and Hyderabad are two different cities which are quite far off. Or rather you think Indians come from the state of Indiana.
This thread is hilarious.
Hmmm a high gmat score with get you into IIM without actually going through the regular competitive processs if you went to school outside India. If you go the reggular route (the CAT exam) the competition is pretty insane. 97% percentile may not get you an inetrview. Anyway as far as the excited advertisement by m_choksi is concerned you have to understand that while the education is strong you have to understand that Harvard and Wharrton will be.. well harvard and Wharton. These names will be recognized worldwide by more people than any other bschool. Furthermore, the best students in the world come to these places and the kind of contacts you can build here is unmatchable. Salaries have been increasing from places like IIM but the average salary is about 25lakh rupees which is around 60000K. I d imagine the average salay of people graduating from Wharton is higher. yes IIM seems to be more attractive evry year but its still a while away before it becomes more attractive than HBS. Having said that if you are from India, get in and the finances work out better for you then I am sure you ll be fine going to IIM
I heard some shit on NPR this morning talking about how Indian engineering grads from tier 2 and tier 3 schools are nearly unemployable. They don't have the Engineering skills to work in industry.
National Public Radio broadcasted this, it made me squirm in my seat.
"Analyster"...I was joking around with the Hyderabad reference...relax and eat a pappadum. 4 Shizzel me butter chicken nizzel.
IIM places very few people in banking and most of them at the analyst level - so cant really compare it with HBS and Wharton
Totam sequi esse iste molestiae. Voluptatum nihil sint quis dolores. Ratione hic totam illo.
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