The Indian Institute of Management is one of India’s most prestigious educational institutions, known for its rigorous selection process. It offers highly reputable MBA programs. With the increasing popularity of IIMs for MBA studies, the demand for top-tier business schools has also risen. Consequently, the government of India has established several new IIMs to meet this demand. However, not all IIMs necessarily provide excellent education or placement opportunities. Therefore, it is crucial to identify the best new IIMs before making a decision. This article will explore the rankings, placement records, and fee structures of these top new IIMs.
Enrol to CAT 2023 Online Course
The first step toward getting admission into top IIM colleges is taking the Common Admission Test (CAT) exam. Try checking out the CAT previous year’s papers to know about the level of questions that appear in the exam. Also, taking a free CAT online mock test will help the candidates gauge their strengths and weaknesses.
Is It Worth Joining New IIMs?
Certainly, joining a new IIM is undoubtedly worthwhile. However, it is crucial to carefully evaluate certain factors before deciding on a specific new IIM. These factors include assessing the popularity of the institution in your desired field of specialization (such as finance, marketing, consulting, etc.), evaluating the placement opportunities, determining the return on investment, and considering other relevant aspects. With the growing popularity of pursuing an MBA in IIMs, numerous new IIMs have emerged. Therefore, in this vast array of business schools, it is essential to select the most suitable IIM among the new ones.
List Of New IIMs
Institute | Year of Establishment | Tuition Fees | Placements(Average CTC) |
IIM Shillong | 2007 | Rs. 18.7 Lakhs | Rs. 26.96 LPA |
IIM Trichy | 2011 | Rs. 19.5 Lakhs | Rs. 20.55 LPA |
IIM Ranchi | 2009 | Rs. 17.50 Lakhs | Rs. 17.3 LPA |
IIM Udaipur | 2011 | Rs. 20.43 Lakhs | Rs. 21.29 LPA |
IIM Raipur | 2010 | Rs. 15.92 Lakhs | Rs. 21.04 LPA |
IIM Rohtak | 2010 | Rs. 18 Lakhs | Rs. 18.73 LPA |
IIM Kashipur | 2011 | Rs. 17.30 Lakhs | Rs. 18.1 LPA |
These are the best new IIMs among all the new and baby IIMs. There are some other best IIMs in baby IIMs, such as IIM Visakhapatnam, IIM Nagpur, IIM Sirmaur, etc.
New IIMs Rankings 2023(Based on NIRF 2023)
Institutes | NIRF 2023 Rankings |
IIM Raipur | 11 |
IIM Rohtak | 12 |
IIM Udaipur | 16 |
IIM Kashipur | 19 |
IIM Trichy | 22 |
IIM Ranchi | 24 |
IIM Shillong | 26 |
Download CAT Previous Papers PDF
New And Baby IIMs Cut off 2023
For individuals belonging to the general category with a strong profile encompassing academics, work experience, professional courses, and more, attaining a CAT score of approximately 95 percentile is likely necessary to secure admission into the new IIMs. On the other hand, candidates from SC, ST, and PWD categories can utilize a percentile predictor tool to determine the specific percentile required for admission into these new IIMs based on their academic and work experience background.
Take a glance at the expected CAT cut-off scores for the new and baby IIMs provided below. It is important to acknowledge that the figures presented in the following table are derived from the previous year’s data and are subject to potential variations influenced by factors such as the difficulty level of the examination and the composition of the applicant pool.
Institutes | CAT Cut-offs (Expected) |
IIM Shillong | 95+ |
IIM Ranchi | 94+ |
IIM Trichy | 95+ |
IIM Raipur | 94+ |
IIM Rohtak | 95+ |
IIM Udaipur | 94+ |
IIM Kashipur | 94+ |
IIM Jammu | 90+ |
IIM Nagpur | 90+ |
IIM Visakhapatnam | 90+ |
IIM Bodh Gaya | 90+ |
IIM Amritsar | 85+ |
IIM Sambalpur | 94+ |
IIM Sirmaur | 90+ |
Best New IIM For MBA in Finance
IIM Trichy is known to be the best for Finance among the new IIMs. As per the latest placement report, 15% of the placements are made by high-quality recruiters. Not only in finance but also for consulting, IIM Trichy is the best IIM among all the new IIMs.
Best New IIM For MBA in Marketing
IIM Ranchi is one of the best institutes that provides Sales & Marketing among all the new IIMs. This institute made the highest median package in th domain-wise placements as per the latest placement report for MBA.
Best New IIM For MBA in Consulting
As mentioned before, IIM Trichy is the advisable institute to pursue MBA in Consulting domain. Almost 17% of the placements are made from the consulting domain by IIM Trichy in its final PGP placement season.
One can find the details of all the top MBA colleges in India by visiting this link; list of MBA colleges in India which includes the admission process, placements, fee details, cut-offs, etc., in detail.
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