IIT Vs IIM: After graduation and engineering, most of the people want to study MBA. For this, people aspire to study from IIM and IIT. If you also want to study MBA from either of these two colleges, then for that you will have to pass the CAT exam. Without passing it, it is impossible to study from these two colleges. Both IIM and IIT institutes are famous for their educational programs. IIT and IIM are two of the most prestigious institutes in India, which provide world-class education and facilities.
IIT and IIM
IIT, known for engineering and technical courses, was established long ago. The first IIT i.e. IIT Kharagpur was established in the year 1951. Out of 23 IITs, only seven have given admission in management programmes. IIM Calcutta and IIM Ahmedabad were established in the year 1961. IIM was established by the Government of India for business and management study. There are 21 IIMs across the country, which are known for high quality education and research.
MBA courses of IIT and IIM
MBA programs at the Indian Institute of Management (IIM) and Indian Institute of Technology (IIT) are renowned for their courses, experienced faculty and excellent education. MBA programs in IITs include MBA, MBA Business Analytics, MBA Telecom and many others. IIMs, established for business and management studies, offer regular and online MBA programs like Executive MBA, Executive FPM, PGPM and PGDM.
Eligibility for doing MBA from IIT and IIM
Candidates who want to do MBA from IIT must have a graduate degree in the relevant field from any recognized university. Also, candidates must have graduation from a recognized university in the relevant field with minimum 50% marks in aggregate.
How to get admission in IIT and IIM
Candidates who want to do MBA from IIT will have to clear only CAT exam whereas for admission in IIM, they will have to clear CAT, GMAT and GRE exam.
Placement and salary package in IIT and IIM
Placement opportunities are high in 2023 between IITs and IIMs, with graduates often securing positions in top companies across various industries. IIT has a good record in providing jobs to students. The Department of Management Studies at IIT Delhi has an excellent track record of placing all its graduates. The average salary package in the best IITs has been between 20 lakh to 25 lakh per year. The average salary package in the new IITs has been Rs 10 lakh to Rs 20 lakh per year. Talking about IIM, there is a detailed process of placement here, which is usually divided into 3 parts. There are summer placement, lateral placement and final placement. The higher salary package offered in the year 2023 was Rs 58 lakh. The average salary package was Rs 31 lakh.
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Tags: IIM, IIM Ahmedabad, IIT, IIT Kharagpur
FIRST PUBLISHED: May 8, 2024, 17:22 IST