Are baby IIM's worth joining?
Admission to the new IIMs is though CAP - 9 IIMs participated in it - IIM Bodhgaya, IIM kashipur, IIM Raipur, IIM Ranchi, IIM Rohtak, IIM Sambalpur, IIM Tirchy, IIM Udaipur. Other new IIMs which have their own interview process are IIM Amritsar, IIM Jammu, IIM Nagpur and IIM Vizag In total there are 1745 seats in the new IIMs The 6 Old IIMs setas are - IIM Ahmedabad 462 - IIM Bangalore 385 - IIM Calcutta 382 - IIM Lucknow 419 - IIM Indore 375 - IIM Kozhikode 450 Thus a total of 2,473 seats The new IIMs offer advantage in terms of a a) Lower entry barrier - CAT Cut off of 95% for General b) All new IIMs are mentored by the Old IIMs- Thus faculty is world-class c) Fee is lower - ~8-12 lacs for 2 years d) Placements are decent - Average Salary of ~10 lacs p.a. e) Student Clubs, International Immersions and Students Activities are good What lacks is the infrastructure. It will take a few years for the full fledged campuses to be built Average and Highest Salaries Domestic/Inte...