Choose wisely by taking all B school reports with a level of caution. Instead of quitting your job and enrolling in a school where you might get a placement that is below average, opt for an Executive MBA if you are currently employed and secure. In this situation, you should choose NITIE because of its location in Mumbai, which is crucial for attracting top employers for placements.
For at least the next ten years, stay away from all new IIMs. It is not recommended at all to enroll in business schools that are less than 15 years old after leaving a secure job because they take at least 15-20 years to establish themselves. Only when your salary is between 3 and 4 LPAs should you think about enrolling in a new or infant IIM. Alternatively, you could try switching to a better organization that will likely pay you more money.
NITIE is the best for operations if you are interested in the field. Otherwise, for the general management programs, the new IIMs are the better choice. The preference should be IIM Raipur, followed by IIM Rohtak, and lastly IIM Kashipur.
The fee and placement details for the institutes are below.
Criteria | NITIE | IIM Raipur | IIM Rohtak | IIM Kashipur |
Fee | INR 11.33 Lakhs | INR 14.2 Lakhs | INR 16.85 Lakhs | INR 15.42 Lakhs |
Average CTC | INR 20.85 LPA | INR 15.11 LPA | INR 13.74 LPA | INR 14.05 LPA |
Highest CTC | INR 44 LPA | INR 30 LPA | INR 22.8 LPA | INR 29.2 LPA |
NITIE is the best choice for a candidate with an engineering background planning to get an operations job. Otherwise, IIM Raipur is better along with the three new IIMs.