If I get score above 99 percentile, which bschool should I prefer? Iims or fms?
IIM ABC virtually started at the same time, if not later, as FMS and they are the preferred choice of >95% of those who convert both. So it's safe to infer that ABC values more than FMS
IIM-L on the other hand is 30 years old, much younger than FMS, and yet people are often ambivalent between the two. Thus, it's hard to compare FMS and IIM-L
What these observations tell us is thatan IIM has a higher growth rate in terms of B-school brand value. Thus, there may be a possibility that FMS could lose out to IIM Indore also in the coming 10-15 years.
IIM A> C> >L or FMS
Even after getting percentile above 99 there is no surity for you to end up in top IIMs A, B, C. Generally according to trend from few last years if you are an engineer you get call for an interview from IIM A and IIM C if you have pointer 99.6 and above. IIM B follows a little more complex procedure as it prefers students with high work experience or the one who were outstanding in their 10th 12th like scoring above 97% in both the exams.
Coming to FMS, there is 85% weightage for CAT exam marks 10% interview and 5% for extempore speech. They have eve m started giving 3% extra weightage for girls. With the high CAT marks weightage there is no surity of getting selected in FMS with 99 percentile. You need to have atleast 99.5 above to increase your probability of getting selected.
Now for the
selection between IIMs and
FMS
.
The best thing about FMS is that it has best ROI with negligible fees of two years you end up with a very good job and a high package. FMS avg package by last year was 20 lakh. On the other end in IIMs like A,B,C you earn a brand name with a very huge network which helps you in long run. No doubt from these colleges also you end up with a very good Job with a fat salary but here you also need to pay a huge fees.
Generally students prefer IIM A,B,C over FMS because of a better exposure, different environment of having a campus, extra curricular activities which are more intense because of a whole campus also help in growing up. Also if you are eager to learn in a hard and better way which will help you in long run then no doubt IIM A,B, C are better.
Other than IIM A,B,C if we come to next IIMs like L,K,I then most of the students prefer FMS over these IIMs because of better ROI and also you're able to get a better kick start. In the end it's more or less for good job with a good package is one of the key thing which drives a student for pursuing MBA. If you are looking forward to be an
entrepreneur
then FMS is the best collegeto complete your MBA because you won't need to pay loans that is taken for college fees.
In short nothing is simple and straightforward even because of all these factors every year some students prefer FMS over IIM A,B,C.
So
in the end it is your call to analyse all the factors and choose the best college.
But before that aim for very high percentile because literally it's not easy to get admission in any of these colleges. I have seen my friend failing to end up in IIM A,B, C and FMS with 99.83 percentile.
Work hard, aim for very high percentile and all the best for your exams.
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