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Is there any ragging at XLRI Jamshedpur or MDI Gurgaon?
The question of ragging in colleges, particularly in reputed institutions like IIM, XLRI, and MDI, is often depicted in a negative light in films and media. However, in reality, the situation is not as dire as it is portrayed. While it may be true that ragging is more prevalent in lower-ranked colleges, reputed institutions have strict policies and regulations in place to prevent such behavior.
Reputed colleges are known for their rigorous curriculum and strict deadlines, leaving little time for students to engage in extracurricular activities. In the first few weeks, the workload may not seem as intense, but as the course progresses, students will find themselves with very little free time to interact with their peers. Some colleges even schedule classes in the evening, making it even more challenging to balance academics and social life.
The rigorous academic environment in these institutions is intended to prepare students for the stress and pressures of the workplace. Assignments are often given with strict deadlines, which may sometimes be at odd hours, and the workload is high throughout the program. This means that seniors may not have enough time to interact with junior students.
In summary, it is important to approach the topic of ragging with a realistic understanding. While it may occur in some form, it is unlikely to be as severe as it is often portrayed in films and media. Rest assured that prestigious institutes have strict policies in place to prevent such behavior and neither students nor the institutions want to take unnecessary risks. It is also important to keep in mind that seniors can be valuable resources in both academic and professional life.
I am choosing MDI, Gurgaon over IIM Kozhikode. Is it a good decision?
It shouldn't be a big deal. They are both in the same league. Working hard will get you a great job no matter which campus you attend. If you do not work hard, you will end up in an average job regardless of the campus you attend. So make a decision, stick to it, and put in the effort.
MDI Gurgaon has a long history of successful placements as compared to IIM Kozhikode. The final report of the 2022 placement drive was officially released by MDI Gurgaon recently. The average salary increased by 12.57%, according to the report. The average salary for the top 50% was INR 32.2 LPA. The highest salary offered was INR 1.14 CPA, which increased by approximately 159% over the previous year. The median annual salary was INR 23.50.
Is MDI better than the new IIMs and baby IIMs?
Yes, MDI Gurgaon is definitely better than baby IIMs in almost every aspect. Some major points of comparison between them are
Fees: The fees of the PGDM program at MDI Gurgaon are ?23.47 Lakhs (Total Fees) whereas the MBA fees of new IIMs are around 16-23 Lakhs. So MDI has higher fees.
Ranking: MDI Gurgaon ranks 13th by NIRF whereas the new IIMs come only after that.
Establishment: Almost all the new IIMs were established after 2007, whereas MDI has a great legacy because of being established as early as 1973.
Placements: The placement scenario is much better at MDI than at newer IIMs. I have drawn a comparison between MDI placement statistics and IIM Trichy, one of the best among the new IIMs.
|
Particulars |
MDI |
IIM Trichy |
|
Highest salary |
INR 1.14 CPA |
INR 34 LPA |
|
Average salary |
INR 26.65 LPA |
INR 17.01 LPA |
|
Top recruiters |
Microsoft, Google, HCL, Adobe |
Amazon, Dell, Nomura |
The table clearly proves MDI is a winner in the placement race when it comes to new IIMs. In fact in all aspects MDI wins the battle so should be the preference over new IIMs.
Which is better MDI or IIFT or IIM Indore?
All three of the institutions, MDI, IIFT, and IIM Indore, are comparable, so admission shouldn't be based solely on the IIM moniker. Both IIFT and MDI have excellent lists of recruiters visiting campuses and smaller batch sizes. The IIFT is the best of the three if one is interested in trading or is fine working in general management roles in emerging economies. MDI is the best of the three for consulting-related jobs and a great campus life. Unfortunately, due to its enormous batch size, IIM Indore is no longer regarded as being in the same league as other old IIMs. At all three institutions, the faculty and teaching methods are comparable.
It would be MDI>IIFT>IIM I if you took into account things like placements, faculty, brand value, campus life, and location.
What will a graduate of SPJIMR/IIM-K/MDI miss out compared to someone graduating from IIM’s A/B/C?
This question can be best answered by someone who has had a taste of both campuses. Fortunately one of my friends was lucky enough to move to IIM Ahmedabad after studying for a year at IIM Kozhikode. He shared his experience and the various things that contrasted in both the B Schools.
Faculty: Being the topmost B School, IIM Ahmedabad does attract some of the best faculties that are experts in their fields. They had too much knowledge and experience to impart making the classes a thrilling experience.
Crowd: While the crowd at almost all the good B Schools attracts only the best, IIM Ahmedabad is famous for its exceptionally good peer groups with only geniuses and masterminds in their respective fields.
Academic rigor: Normally B Schools offer a very hectic life with academic pressure combined with placements and clubs and committee activities. But at IIM Ahmedabad the topmost preference is Academics only. You are required to attend 3 lectures of 75 minutes of case study daily. These case studies are extremely lengthy and on average you are required to read 300 pages every day. Such economic rigor is lacking in the case of IIM Kozhikode.
There are several more minor differences between IIM Kozhikode and IIM Ahmedabad but these 3 are the main things an aspirant needs to consider while choosing one of the two B Schools.
Which is a better option, MDI Gurgaon or IIM Shillong?
MDI Gurgaon is a better option. It has a better location and offers good placement and return on investment. It is situated close to a major city. So, you will get better opportunities in terms of placements, internships, live projects, etc.
It has a great placement record. During MDI Gurgaon placements 2022, more than half of the batch received salary package of INR 25 LPA. The average CTC for the whole batch was INR 23 LPA.
How much do the top B-schools like the IIMs FMS, MDI, XLRI, SP JAIN, JBIMS, IIFT, and NITIE inflate their placement reports?
In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.
CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.
Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:
- Amazon:
Fixed component: 9 lakhs
Year 1 end retention bonus: 2 lakhs
Year 2 end retention bonus: 1.5 lakhs
ESOP: 5 lakhs to be paid over 3 years
Performance bonus: separate/not reported CTC: 17.5 lakhs
Take-home salary: 65-70k
- Goldman Sachs:
Fixed component + Variable component: 14.5 lakhs
Relocation: 2,00,000 INR (one-time payment)
Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)
CTC: 20 lakhs
Take-home salary: 95-98k
- RBS India Development Center (Royal Bank of Scotland back-end):
Fixed component: 9 lakhs
Variable component: 10-20% of a fixed component
CTC: 10.8 lakhs
Take-home salary: 65-68k
As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.
What is better for a PGP IM: MDI or IIM Rohtak?
Some of my friends studied in both these colleges. According to them, MDI Gurgaon is definitely better than IIM Rohtak. Let me give you some reasons to support their statement and why PGP IM will be a good choice.
- ESCP Europe offered MBA degrees to MDI PGP IM students who started their global careers after graduation.
- Most of the students at MDI receive internships.
- About 60% of students got international internship offers and 40% got offers in India.
- Some of the companies include Puma, Nestle, Phillips, Uber, Edelweiss, etc.
- Studying at MDI is like an investment.
- You invest for 2 years, securing yourself for the next 30-35 years.
- MDIs brand name and alumni strength defeat IIM Rohtak anyday.
Thus it is suggested that you go for the MDIs PGP IM course as it will provide enough exposure in your chosen industry. Do not only rely on the IIM tag, check for better faculty, alumni and academics while considering a college.
Does MDI Gurgaon look into past academic background or work experience?
MDI's shortlisting process for the PGP 19-21 batch primarily considered CAT percentiles, and in a few cases, past academic scores.
Once you're shortlisted, the interview process at MDI is a two-part process. Firstly, the interviewer will emphasize anything and everything on your CV, starting with testing some basic concepts from your previous education. They will also test the basic foundations of the kind of work you have done.
The second part of the interview is an overall conversation about why you wish to pursue an MBA (PGDM in technicality) and what you plan to do in the next 3, 5, or 20 years. This is where you need to have a compelling story from your past and knit it with how you can make an impact after graduating from MDI.
Your ability to build your story and showcase how an MBA will help you achieve your long-term career goals will be critical in this part of the interview. So, be sure to prepare well and highlight your strengths and achievements to leave a lasting impression on the interviewers.
Which college should be given preference for pursuing an MBA, MDI Gurgaon (2 yr PGDM), Great Lakes Chennai (1 yr PGPM) or IIT Madras (2 yr PGDM)?
While many might have drawn several general comparisons between the institutes, my answer will target only one aspect which is your work experience.
Fresher
Freshers can refer to the following preference order.
MDI Gurgaon>Great Lakes (2-year course) >IIT Madras
Experienced
If you are someone with enough work experience,va I will suggest the following preference order
MDI Gurgaon>Great Lakes (1-year course) > IIT Madras
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