The Baby IIMs are a group of newer Indian Institutes of Management (IIMs) established after 2015. These institutions offer excellent management programs, often at a more affordable fee structure than their older counterparts. Here’s a detailed breakdown of the top Baby IIMs, including their average packages and fee structures:
1. IIM Amritsar
- Established: 2015
- Location: Punjab
- Average Placement Package (2023): ₹16-17 lakh per annum (LPA)
- Fee Structure: ₹15-16 lakh for the two-year MBA program
- Specialization: General Management, Marketing, Finance, and Operations
IIM Amritsar has rapidly grown into a significant player in management education. It boasts an impressive placement record, with a strong focus on building relationships with industries.
2. IIM Bodh Gaya
- Established: 2015
- Location: Bihar
- Average Placement Package (2023): ₹14.90 LPA
- Fee Structure: ₹15 lakh for the two-year MBA program
- Specialization: Operations, Human Resources, Strategy, Marketing
IIM Bodh Gaya has been a major destination for students looking for high-quality management education in Eastern India. It has a growing reputation for academic excellence and has been continuously improving its placement statistics.
3. IIM Jammu
- Established: 2016
- Location: Jammu & Kashmir
- Average Placement Package (2023): ₹13-14 LPA
- Fee Structure: ₹15-16 lakh for the two-year MBA program
- Specialization: Marketing, Finance, Consulting
Situated in a developing region, IIM Jammu has established itself as a hub for academic rigor and industry collaboration. With an impressive placement record, it has proven its mettle among new IIMs.
4. IIM Sambalpur
- Established: 2015
- Location: Odisha
- Average Placement Package (2023): ₹13.2 LPA
- Fee Structure: ₹14-15 lakh for the two-year MBA program
- Specialization: Entrepreneurship, Business Analytics, Marketing
IIM Sambalpur is known for its focus on entrepreneurship and innovation. The institute has formed strong industry connections, particularly in sectors like business analytics and marketing.
5. IIM Sirmaur
- Established: 2015
- Location: Himachal Pradesh
- Average Placement Package (2023): ₹13 LPA
- Fee Structure: ₹14-15 lakh for the two-year MBA program
- Specialization: Operations, Marketing, Human Resources
IIM Sirmaur, located in a serene environment, focuses on quality education with the emphasis on research, innovation, and industry collaboration. Its placement record reflects the growing industry engagement of the institution.
6. IIM Visakhapatnam
- Established: 2015
- Location: Andhra Pradesh
- Average Placement Package (2023): ₹16-17 LPA
- Fee Structure: ₹16-17 lakh for the two-year MBA program
- Specialization: Analytics, Marketing, Finance
IIM Visakhapatnam, popularly known as IIM Vizag, has gained immense popularity due to its strategic location and academic rigour. The institute’s average placement package has consistently improved.
7. IIM Nagpur
- Established: 2015
- Location: Maharashtra
- Average Placement Package (2023): ₹16-17 LPA
- Fee Structure: ₹17-18 lakh for the two-year MBA program
- Specialization: Strategy, Consulting, Finance
IIM Nagpur is one of the top-performing baby IIMs and has a strong industry network. It offers excellent placement opportunities, and its students often land roles in top multinational companies.
8. IIM Raipur
- Established: 2010 (Not technically a baby IIM, but often grouped with newer IIMs)
- Location: Chhattisgarh
- Average Placement Package (2023): ₹17-18 LPA
- Fee Structure: ₹16-18 lakh for the two-year MBA program
- Specialization: Marketing, Operations, Human Resources
Although IIM Raipur was established a few years earlier than the other Baby IIMs, it is often mentioned alongside them because of its similar development path and growing influence in management education.
9. IIM Udaipur
- Established: 2011
- Location: Rajasthan
- Average Placement Package (2023): ₹20 LPA
- Fee Structure: ₹19-20 lakh for the two-year MBA program
- Specialization: Supply Chain, Finance, IT
IIM Udaipur is known for its global exposure programs, research-driven focus, and excellent placement performance. It is rapidly rising in ranks and is now considered one of the top institutes among the newer IIMs.
10. IIM Kashipur
- Established: 2011
- Location: Uttarakhand
- Average Placement Package (2023): ₹16-17 LPA
- Fee Structure: ₹15-16 lakh for the two-year MBA program
- Specialization: Marketing, Consulting, Analytics
IIM Kashipur offers world-class management education at a relatively lower fee compared to some older IIMs. Its emphasis on practical learning, consulting, and entrepreneurship has attracted many recruiters in recent years.
Admission Process for Baby IIMs
The admission process for the Baby IIMs is similar to that of the older IIMs, relying heavily on the CAT (Common Admission Test) scores. Here’s a brief overview:
- CAT Score: A candidate must qualify the CAT exam with a good percentile (usually above 90-95 percentile for general category candidates).
- Shortlisting: Post-CAT, candidates are shortlisted based on academic performance, work experience, and CAT score.
- Personal Interview (PI) and Written Ability Test (WAT): Shortlisted candidates are called for a WAT and PI round, which evaluates communication skills, problem-solving abilities, and overall personality.
- Final Selection: The final merit list is prepared based on CAT score, WAT, PI, work experience, academic background, and diversity factors.
Conclusion
The Baby IIMs have shown tremendous progress in terms of education quality, industry partnerships, and placement opportunities. They offer a solid return on investment through competitive fee structures and impressive placement packages. With the growing demand for skilled management professionals, these institutes are becoming highly sought-after among MBA aspirants.
If you’re aiming to pursue an MBA from one of the Baby IIMs, focus on achieving a high CAT score, prepare well for interviews, and stay updated with each institute’s admission process.
