Does an IIM tag from a newer IIM (say IIM Ranchi) help in a person's career?

The question is too general. Yet I will share my own opinion.

Indeed, IIM Ranchi has the potential to help you clear the obstacles in your career and climb the success ladder. It’s the following aspects of IIM Ranchi that make it a good option to uplift your career

IIM Tag: In this era of tough competition, it’s the IIM tag that helps you avail the finest benefits after an MBA. 

Growth: All the news IIMs focus on the general development of its students at large. Unlike older IIMs you can initiate committees and clubs that have never been established before. You can take the reins and enforce student culture at your college.

Long-term benefits: While joining a new institute one should definitely look at the bigger picture. After all, once even IIM Ahmedabad was a new IIM but today it has its own legacy. The same will happen with all the other new IIMs so you shouldn’t lose this opportunity just for short-term benefits.

Placements: We are quick to judge colleges based on its placement statistics. In reality, Management is a field in which lifetime value is considered not salary. Yet if you base your decision on placements this year's statistics are as follows 

These packages may seem lower than those offered at older IIMs but with excellent work, you can climb the ladder gradually.

Curriculum: The pedagogy is as good as any other top B School. You can gain a lot of knowledge just by attending the lectures conducted by the learned faculty alone.

Some points that might be important to consider against your decision to join IIM Ranchi are

• The infrastructure is not at par with other IIMs
• The distance between the campus and accommodation is very much.
• You will be offered lower packages as compared to older IIMs

However, I don’t think these points can overshadow the plethora of opportunities IIM Ranchi offers.