Indian Institutes of Management is a category of management school, commonly known by the term and acronym name of IIM. The institutes first marked their existence in management study at Ahmedabad, Bangalore, and Calcutta set a really high mark against themselves. Since then institutes of management have been marking grounds and hence are popularly known as “Baby IIMs”. Some Baby IIMs have emerged in the post 2010 period with rising penetration of quality management education in the Indian context. The list of Baby IIMs in India goes as follows and if you are going to study your MBA from any one of these colleges then it is essential to know the average package, fee structure, and process of admission as well.
List of Baby IIMs in India
Baby IIMs | Inaurgurated |
IIM Amritsar | 2015 |
IIM Bodh Gaya | 2015 |
IIM Jammu | 2016 |
IIM Nagpur | 2015 |
IIM Sambalpur | 2015 |
IIM Sirmaur | 2015 |
IIM Visakhapatnam | 2015 |
These Institutes are operating under the tutelage of older IIMs and have shown tremendous growth in faculty, placements, and infrastructures as well.
Average Package at Baby IIMs
Placement statistics are one of the most vital selection parameters for the MBA aspirant. Here’s a view of average packages received by these IIMs in the previous placement season:
IIM | Average Package (INR LPA) |
IIM Amritsar | 14.20 |
IIM Bodh Gaya | 13.9 |
IIM Jammu | 16.5 (as per 2023) |
IIM Nagpur | 13.80 |
IIM Sambalpur | 12.60 |
IIM Sirmaur | 12.74 |
IIM Visakhapatnam | 14.60 |
Packages differ with industry trends as well as student profile.
Baby IIMs Fee Structure
Fees of PGP (MBA) at Baby IIMs have come down from ‘older’ IIMs. Here are latest fees
IIMs | Fee (INR Lakhs) |
IIM Amritsar | 17.00 |
IIM Bodh Gaya | 16.00 |
IIM Jammu | 17.50 |
IIM Nagpur | 18.00 |
IIM Sambalpur | 13.50 |
IIM Sirmaur | 16.50 |
IIM Visakhapatnam | 18.10 |
Baby IIMs Admission Process
The admissions to the Baby IIMs strictly are done strictly on the basis of scores obtained in CAT. Other than that, personal interviews and a written ability test or WAT is done. Excepting the common eligibility criterion which has been followed for all of these IIMs, nearly each of these comprise of selection criteria as given under:
CAT Score: weightage could range anywhere between 30% to 60%
Academic Record: Percent in Class 10, 12, and graduation years.
Work Experience: Provided he has experience at work properly, then him he would acquire extra marks,
Diversity Factor: Bonus marks are awarded in case of lady students and background non engineering students
Infrastructure and Campus Life
The baby IIMs are young colleges and hence constructing world class campuses. Out of them many institutes started from a temporary basis but have also moved to permanent campuses with infrastructural facilities that include hostels and libraries of the latest design.
All the above campuses have the best learning facilities, which include IT enabled classrooms, well stocked libraries, and on campus accommodation facilities.
Besides that, above all, the Baby IIMs are offering their students holistic education management. These programs consist of the leadership sessions, industrial exposures and varied workshops; there they meet up to the real academia faced to the requirement of the industry in their points of need. Therefore, you would also be enabled to opt for a foreign exchange programme or any internship with leading companies.
Is it really worth it to get an admission to one of Baby IIM?
Now then be honest with the below factors if confused to join or not.
Brand Value: The tag of “IIM” carries a price tag that’s priceless in nature and is going to fetch some value as years will go as maturity is one such factor along with institutes.
ROI Factor: It is going to have a reasonable fee but increasing placements make this an excellent ROI for Baby IIMs.
Location & Industry Exposure: Not many of the Baby IIMs are placed very close to industrial areas so the exposure, as compared to the more distant locations, have been comparatively excellent
Faculty and Curriculum: List of Baby IIMs mostly relied on visiting faculty from the main B school
It would also have the different alumni networks and tie up with corporate houses through guest lectures but baby IIMs would also work to ensure that students do not lose contact with each other after passing, thereby greatly improving career opportunities.
Diversity and Peer Learning: The diversity of the academic background of students from professional to the traditional route, and their own experiences in these respective domains automatically provides a rich mix for the dynamic learning process.
International Exposure: To provide the student with international exposure, most of the Baby IIMs also collaborate with a foreign university.
Challenges Faced by Baby IIMs
Baby IIMs had excellent growth but faced some challenges.
Weak Alumni Network: The Network is relatively new and not very well developed in a manner that one finds older IIMs to be .
Corporate Network: It has to grow; though money hasn’t passed that benchmark in the case of those IIMs.
Infrastructure building because of which a Permanent campus will yet in processes works the infrastructures will be taken good care.
Some of the upswings for improvement of Indian Baby IIMs are improvements in placements, infrastructures, and faculty quality. Though they have a long way to go to catch up with the legacy of older IIMs they still stand as an excellent opportunity for MBA aspirants who wish to study at a premier management institute in India.
It will then be a right decision beforehand for a Baby IIM to take into consideration all placements, faculty, infrastructural facilities, contacts with the industry, and long term career prospects. Then, an MBA from such institutes will be able to provide excellent career opportunities and will contribute to developing a competent management professional in the evolving business landscape.
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