I don’t think it's wise to decide to drop out from IIM Lucknow when you already worked hard and cracked the entrance. You even succeeded in the interview and yet here you want to give it all up. Every year the level of difficulty of entrance exams like the CAT and XAT keeps changing. Students who might have scored 90+ percentile one year might score 40-60 percentile next year. It all depends on preparation and mindset. Meanwhile, you have already succeeded and gotten into an IIM so why take it for granted?
Yet if you are adamant about not continuing, I would suggest you just focus on your job and gain a lot of experience. Chances are that you might climb the ladder without an MBA or IIM. Many CEOs and CFOs don’t need an MBA to make them what they are.
Despite it all, if you are appearing again for CAT, then make sure you have a valid explanation of dropping out during your interview.
The following review is based on personal experience with my sister who got enrolled in the current batch.
The following points will surely change your mind regarding the executive diploma in digital marketing at IIM Calcutta:
Quality of the batch is extremely poor. It is more like a money making program than a knowledge imparting one.
The fee for this program is exceptionally high. The course is priced at 3,28,000 for just 6 months. Whereas digital marketing institutes offer better courses at fees as low as INR 5000.
The quality of the curriculum is below average. Rather than focusing on the main topic they are stuck to age old basic concepts of traditional marketing.
No placement assistance is there for this programme.
Lastly, this certification adds no value to your CV.
Don’t go for this program. The time and money are not worth investing in. Rather go for digital marketing institutes where industry experts will teach you better skills at low fees and less duration.
In comparison to the IIMs, FMS retains the advantages of small batch size and a fee structure that is relatively low. The small batch size simplifies placements significantly. With the exception of a few foreign consultancies, most of the top companies that visit the IIMs also visit FMS. Despite all of the university's bureaucracy, etc., there is a well-established alumni network that still ensures that things work out for the current batches.
Because of the small batch size, people are extremely competitive. This was in stark contrast to what you hear about the IIMs. Even though they have competition but they maintain some semblance of sanity due to the large batch. FMS can be difficult to manage at times, both in obvious behaviours and subtle actions by people you study with.
The culture at FMS is influenced by the culture of Delhi. In comparison, IIMs are unquestionably more cosmopolitan. Unless you have prior exposure, adjusting to a new environment can be difficult for people from very different cultures, such as the South or East. Otherwise, you'll have to learn to adjust the hard way. But it's still worth the effort. The people you meet in both locations are of the highest calibre. It is up to you to make the best of the situation.
Even if given the chance, there's no way one would like to trade places with the IIMs.
In terms of job opportunities, IIM is far superior.
IIM A, B, and C would have an average placement of around 22 LPA, whereas ISI would have 16-17 LPA. However, you must keep in mind that you would pay at least INR 20 lac for your IIM degree while receiving a 65k stipend and contingency grant from ISI for free.
You might start out as a data scientist, financial analyst, or consultant if you join ISI, and you would advance along that career vertical. IIM exposes you to a much broader range of roles such as FMCG, general management, and so on.
In terms of higher education, 40-50% of ISI batches pursue Ph.D. programs in the US/abroad, while nearly 100% of IIM batches pursue jobs. Going straight to a Ph.D. after IIM is difficult due to the large educational loan (assuming you take one). However, many of them pursue Ph.D. degrees at various business schools around the world.
However, these institutes (ISI and IIM) are incomparable because one teaches statistics, and the other management. These are two very different topics. So it all comes down to what you want to do with your life.
Some good MBA colleges in Kolkata apart from IIM Calcutta are:
IISWBM: It is the oldest B school of India. It is amongst the top management colleges in Kolkata. It provides 100% career opportunities. It is ranked amongst 100 of Asia’s Best and fastest growing education institutes in the Business School category. It does not just offer MBA courses but prepares the students for the future.
BIBS
MDI Murshidabad
These colleges are good for core finance profiles like derivative analyst,Market research,Asset management,Business analyst, etc. Don’t go for any other MBA schools. They will just foist a hardcore financial ‘unsought’ product sales profile. But before anything choose your field of interest from HR,Sales,core finance,Financial sales. Only then will you be able to choose the best college.
The average class size of IIM Calcutta is 60 students for the first year. For second-year students, the average size of the class depends upon the specialization each student is opting for. Since marketing is one of the favorite subjects of MBA students, the size of a class of a marketing subject remains around 150-180. It further gets divided into sections, so the average size of a class for the second year is somewhere around 50-60. IIM Calcutta’s intake for the MBA batch is 462, so it is a bit hard to manage the class strength, so there might be little ups and downs in the numbers.
If we compare PGDCM and PGDM at IIM Calcutta, we see that both the courses have the same networking, placements and even infrastructure.
Now if you compare both the IIMs, IIMC and IIML, there is hardly any difference in the curriculum or even placements. So deciding which IIM to go for depends on your own preferences.
But if you are planning to quit IT then I suggest going for the full-fledged MBA course from IIM Lucknow rather than a system at IIM Calcutta.
IIM Lucknow will offer excellent exposure and placements and you will end up getting an above average salary package for consulting.
The EPBA or Executive Program on Business Analytics is a one year part time course with a fees of around INR 5.10 Lakh. The benefits you will derive from this course are
You will get an excellent exposure to data science
You will become well versed in all aspects of business, marketing, finance, supply chain, operations
it opens various doors of the many new opportunities for your business company
Keep in mind that this is not a specialisation course. Rather it exposes you to a broad spectrum of data sciences and will teach you how the analytics should be used to power your business decisions. This course adds a great value to managers and business leaders.
But if you are looking for a beginners course in tool expertise in Data Science, then this course is not for you.
Choosing PGDBA over a regular MBA program is definitely worth it. With technology becoming the foundation of every company today a regular MBA program is not sufficient. You need to be well versed in data analytics, machine learning, and artificial intelligence. This is when PGDBA comes into picture. This course offers a perfect knowledge of handling data to meet the competitive edge.
I have listed some major benefits of the PGDBA course that might assure you of its worth.
The course helps to automate things and take a more technological approach to every business decision.
This course will provide you with the brand name of 3 best institutes all together. This makes it better than the regular MBA program.
Interacting with faculties of 3 different institutes does not stagnate your thought process. The diverse opinions help you add to your ideas.
This course will enable you to open your own technology based start-up.
The only major disadvantage of this course is the lack of management skills you will develop. Although you will study management, not as much as you could have studied in a regular course. But this in itself is not a factor big enough to hinder your success.