IIMs vs. ISB- Who Earns More ? Fees, Diversity, MBA Job Opportunities Answered (Ex-BCG)
In this video, I share honest realities of salaries, fees, diversity, benefits, and Sector-wise Job opportunities answered for both ISB and IIMs.
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• ISB vs IIM - Best MBA ...
• The reality about ISB/...
• My Journey To ISB | IS...
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Have you ever wondered which amongst the MBA schools is the best fit for you?
To answer this question, we will divide this career insight into 5 sections.
Upfront Investment- Fees
Firstly, lets analyse the input cost to the institutions.
Currently, ISB costs around 33 Lakhs.
On the other hand, IIMs stand around 24 Lakhs. Of course, this is also a big investment.
Though, the notable point is that ISB has a one year programme. This, in my opinion, is its upside because you can quickly finish your degree and get back into the job market here.
The opportunity cost, in this case, is lower for ISB as you forgo only one year of your salary.
Diversity of Cohort
Coming to of your peer network.
ISB has more than 39% women and about 5-10% of international students. Comparatively, IIMs have almost negligible international representations and relatively lower female cohorts.
You may wonder why this diversity is so important.
The answer lies in the history of failed ventures and nations which were primarily caused due homogenisation of thoughts.
Diversity of thought facilitates different opinions, thereby enforcing innovation.
Teaching Model
Looking at the classroom teaching model.
Both these institutions have highly accredited academic professors.
In ISB, renowned professors from global institutions such as Wharton, Kellogg, Fletcher and akin fly in periodically to teach you. In fact, I had the privilege of attending a lecture from the mayor of New York on ethical leadership and responsibility.
This is where the magic happens.
The discussion and various opinions brought upon by the professors and students open your thought horizons.
At the end of the day, the MBA curriculum is supposed to question your mental model to generate holistic learning.
Job Pivotting by Sector
This brings us to one of our most important sections, which includes the new sectors MBA can help you discover.
ISB is largely known for its consulting and product management based employment. My classmates at ISB joined various unicorns and leading ventures in ed-tech and fin-tech. Whereas, IIMs generally have better marketing and finance related jobs over and above consulting.
Your next question is perhaps why this distinction occurs in the first place.
So, the average experience of an ISB student is 4.5 years and that of an IIM student is less than a year.
Many marketing firms typically look for freshers for their job profiles, so IIM become a an ideal source for them.
Average CTC
Diving straight into the most awaited section.
ISB reported an average of 32 lakhs per annum CTC.
While the CTC for IIMs was around 27 lakhs. The reason behind this distinction again lies in the average number of work experience per student.
To conclude, I am purposely not giving a very specific answer. Both institutions have their stronger points. Nevertheless, there are various alternatives to an MBA.
Пікірлер: 70
Note- The average earnings of IIMs depend upon a lot of other external and internal factors- eg. which IIMs (A/B/C/L/K/I), which year of placement. The average can hover +-20% depending upon the macro economy, graduating year etc. . On a totally related, feel free to check out Impact MBA Scholars of GGI here- www.globalgovernanceinitiative.org/
@satishreddy7603
2 жыл бұрын
what is the fees of your institute, you said 1% of IIM? and how much percentage of students got placements to the total number of students enrolled?
In my opinion, IIMA B C are better than ISB. The brand value which IIMs have, can't be compared with ISB anyday. ISB is no doubt performing Exceptionally great but 2yrs of MBA which IIMs have the option to provide is giving it an extra edge over the ISB. Again the peer group which we get in ISB will be better than IIMs but again this is not justifiable when IIMs are giving the opportunity even to freshers.
@myronp5764
2 жыл бұрын
IIMs have reservations which dilute the students quality a bit
@amanbhaskar3913
2 жыл бұрын
On a local level that's true...but on a global level, things take a cinematic turn
@aadityakumar3344
2 жыл бұрын
@@myronp5764 IIMs are socially responsible body. They want everyone to give the same platform and opportunity after that it depends completely on the individual who are getting into the campus.The reservation is going to stay there.
@aadityakumar3344
2 жыл бұрын
@@amanbhaskar3913 can't comment on a global level.
@amanbhaskar3913
2 жыл бұрын
@@aadityakumar3344 you can dude!! Check international rankings of isb
Mam your voice is very clear, or background bhe bahut achha hai, ekdm calm place.
Maam, a quick suggestion, please put the link to the videos you want us to check out in the suggestion box or in description, so that we can access them as soon as your current video ends.
Super awesome video again… thanks for sharing…
Mam inside iims we get more time for ourselves and to network. After 1st year we get more time to have fun & chill with buddies. Is it same in ISB as batch size is huge and duration is short. Does studying in isb is nostalgic like iims or time flies 💓
Good morning Shatakshi. I'm waiting for video Business analyst vs Strategy Consultant.
You are becoming my role model satakshi, and I love your background music...
@Shatakshi.Sharma
2 жыл бұрын
Very kind of you :)
You have not included the caliber of students. The top rankers are usually the ones picking IIM over ISB. Notwithstanding other criteria mentioned for the placement salaries, it does go without saying the brand recognition of IIM far surpasses that of ISB. Is it a wonder, then that GOI hopes to open an IIM in almost every state viz a viz an ISB. That being said, I like your lucid clear narrative, and am glad I have started my journey from merchant navy towards an mba , by watching your videos.
I'd like to add a few more points ISB fees has increased to 42 lpa. IIM fees is about 23+5( the 5 is for exchange). But the opportunity cost is same since ISB is a one year programme. Infact a person who earns lets say 12 lpa is better off going to ISB(as he will work an extra one year post MBA and his net spend for ISB is 12+42= 54 and If he/she goes to IIM it becomes 12+12+28=52. So the net spend is pretty much same. Average package at IIM C this year was more than ISB( it was 34 lpa) Average workex at top IIMs is about 2 years so there is a balance of both freshers and experienced folks ISB has been doing way better than IIM ABC when it comes to product manager roles, similarly Finance roles are better at IIM ABC
@bittuabu786
2 жыл бұрын
Hi, i checked on isb website the fees is approx 35 lakhs. Where are you getting this fees increment data from ?
@arkasarkar2694
2 жыл бұрын
Last i checked, the fee is 35 lacs.
@emz8949
2 жыл бұрын
I'm sorry. My bad. I think I looked at the fee for MFAB and not MBA
@shubhamchauhan9756
2 жыл бұрын
tuition is 37
@saurabhdas374
Жыл бұрын
Hi you are right. But the net spend for ISB in 2 yrs would be 12+42 - 25 = 29 L because you'll start earning from 2nd year , assuming you have got package of 25L. Meanwhile the 2yrs in IIMs , your net spend would be 12+12+28 - 2L(internship stipend) = 50L. So conclusion is that ISB saves 1 yr of opportunity cost.
Kindly Put your views on INSEAD vs ISB
mam, is ggi program helpful for getting into consulting firm? currently I'm a student of BE graduating in month of june.
Make a video on mba abroad GMAT exam IELTS exam
Which one is better between generalist consultant or specialist consultant? How difficult it would be to switch from specialist to generalist with 6 years of a particular sector experience?
Really like the content you put up, Shatakshi. Would be glad if you could cover dilemma of GMAT and CAT, and the right timelines to attempt them, thank you!
@anushasaha2395
2 жыл бұрын
Yeah satakshi make more videos on studying mba from abroad
Hi shatakshi, can you make a whole video on GGI Impact scholar program?
Does this video apply for 1 year PGP program as well of ISB
Sister' intelligent sudent get iit v/s iim mba -best srudy
as per the excel sheet, is is better , but in my opinion 2years MBA is best ( but for me)
You look soo pretty in this outfit.
IIM for sure post UG, ISB for those who are considering to salvage their career at a later age.
Don't know where does Shatakshi get user focused topic from..... She reads our mind and makes video.
You said avg. Work experience at ISB goes to 4.5 yrs and that is one of the key reasons for the high CTC. But what about the students who get into ISB via YLP and have a work ex of 2 yrs, Does they have lower CTC? And if someone has 2 yrs work ex, should that person look for MBA in IIMs or ISB? Which school can be the better choice?
@jarbuyer
2 жыл бұрын
For YLP guys they are selected by ISB beofre joining the workforce so the recruiter knows that the person is highle skilled, so YLP members get better opportunities and if possible the same company might sponsor their MBA and give them high promotions. coming to IIM vs ISB; ISB has bigger alumni network and modern teaching approach. IIM are only better iff you want to MBA without work-ex directly after your undergrad. Cheers
Hi , can you please make video on ISB Max
Tech wale earning more than any grad of these two....
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Xlri vs nmims
No doubt IIMs are the best
Top iim average pakage is 32lpa ctc
Is there life beyond iim ,isb ? I mean why should I do it
In my opinion IIM ABCLIK is better than ISB any day in terms of faculty, infrastructure, placement and ROI.
@shubhamchauhan9756
2 жыл бұрын
ISB will beat any Indian B school in terms of faculty. Most of them are researchers and they aren't just the best in India, they are some of the best in the world to put in perspective: even a few of the ex deans of the holy trinity teach at ISB. Infrastructure again it's subjective but it is at par if not better. Placements: all top B school placements are good because of the brand image these schools have ISB competes with A here. ISB's selection is not based on exam marks alone and that's why college accumulates the best profiles overall as compared to IIMs. ROI: ISB charges hefty fees it's 37 actually. but if you get the least package at the school. you would be in better ROI point than passing out of IIM now the program can at best be compared to 2 years programs at IIM ABC. LIK are not even comparable (no hard feelings it's probably harder to crack them through CAT) All this in a short span of time whereas ABC are already 50ish year old. (disclaimer: current student at ISB)
@kanishks6757
5 ай бұрын
Have you looked at the ISB faculty? They surpass any IIM when it comes to that.
IIMs
Isb hyd
Mam ,I think you should have a look at the average CTC of iims. It's more than 31 lakhs in 2022. Also you didn't mention the return on investment. On one hand IIMABC with 25 lakhs as fees gives you an average package of 31 lakhs whereas ISB on the other hand charges you 33 lakh for a package of 32 lakh .
@shriyapati8323
2 жыл бұрын
Please consider the 1 year opportunity cost of working and not studying
@shubhamchauhan9756
2 жыл бұрын
it depends where you come from ISB fees is 37 if your current job pays 10 total becomes 47 after two years (one year of job) : 27 (with 20+ bare minimum package ) IIMs lets say with 25 LPA fee and 2 years job of 10 total becomes 45 after two years starting at job: 45
I am getting IIM LUCKNOW this year. So will it be a bad decision to wait one more year for IIM ABC?
@aadityakumar3344
2 жыл бұрын
Congratulations 🎊
@Shatakshi.Sharma
2 жыл бұрын
Schools dont make or break you. How you leverage those schools matter the most :)
@vamshireddy8430
Жыл бұрын
Dude IIM Lucknow is bestt go for it
I don't agree that men and women intrinsically think differently. Physical strength may be different but that doesn't apply to IQ.
Product management is fad. Hard core MBAs go to finance and sales/marketing. SaaS companies only need SWEs which is a hard skill. Rest all others are support roles.
But iim ahemdabad more than good collage because in this collage very famous personality raghu ram rajan, ajay banga , chetan bhagat, shikha sharma, kv kaamath, also done mba in this collage
I disagree, you are a bit biased about ISB, I think because u have done your MBA from ISB
@usnish9801
10 ай бұрын
She has done MBA from isb and now justifying how it's better than iims 😂
@rohanjamdade3915
10 ай бұрын
@@usnish9801 true 😂