Why Should One Pursue Their MBA Degree at IIM?
Mainly, people pursue MBA to advance their careers. There is a massive demand for candidates with an MBA degree, especially from an IIM. Working professionals and students who are pursuing MBA get a good job profile. Even the recruiters of reputed companies prefer candidates with an MBA degree. Having an MBA degree increases your chances of getting a high package job in today’s job market.
It is always advisable to get an MBA degree from prestigious institutions like IIM Bangalore, Nagpur, etc. An individual holding an MBA degree gets many personally and professionally benefits. From a personal level, MBA improves our communication and leadership skills. It also opens doors for extraordinary opportunities and responsibilities. It is always advisable to get an MBA degree from prestigious institutions like IIM Bangalore, Nagpur, etc. This article will discuss why one should pursue a career in MBA and its benefits.
History and Legacy
The Indian Institute of Management, abbreviated as IIM, offers postgraduate, undergraduate, executive MBA, doctoral and other education programmes. The first Prime Minister of India, Jawaharlal Nehru, initiated the establishment of IIM on the recommendation of the Planning Commission of India.
The Ministry of Human Resource Development declared IIMs as institutes of national importance. But, now, IIMs are governed by an independent committee that takes all the necessary decisions. IIMs are located across 20 big cities. According to the National Institutional Ranking Framework, the top 10 IIMs are IIM Bangalore, IIM Ahmedabad, IIM Calcutta, IIM Lucknow, IIM Udaipur, IIM Kozhikode, IIM Indore, IIM Trichy, IIM Raipur, IIM Rohtak and IIM Ranchi.
IIMs provide various courses for different domains, and the faculty of these institutes are highly qualified. To get into an IIM, students need to score excellent marks in their CAT exam.
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5 Benefits of Pursuing MBA Degree from IIM
1. Guidance from the best-educated professionals
We all know IIM is considered one of the country’s prestigious institutes. So, the faculty appointed by the institutes will be highly qualified professionals. One of the primary reasons students want to pursue their MBA from an IIM is to learn from knowledgeable personalities. Students get to know a great deal from them, as they are highly skilled in their fields of expertise.
2. Better job opportunities
Students who pursue their MBA from an IIM get better job exposure. Many well-renowned companies want to recruit candidates from the IIMs. So, they come to the institutes to hire them. If you have an MBA degree from IIM, you will be in demand. Companies that always look to sign IIM graduates are: Morgan Stanley, Goldman Sachs, Deloitte, WIPRO, Accenture, Barclays, ICICI Bank, JP Morgan Chase etc.
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3. Good salary package
The companies are ready to pay as per their salary expectations, and some even get ready to pay them more compensation. An MBA degree from an IIM comes with reasonable compensation. In the job market, the salary package of an MBA graduate from an IIM ranges from 10 to 20 Lakhs per annum. But, there are exceptional cases where candidates are offered CTC between 70 Lakhs to 1 Crore.
4. Opportunity to become an entrepreneur
When students graduate from IIM, they can try hands-on entrepreneurship. Today, most start-ups are run by IIM graduates, and most of them are running successfully. IIM teaches students leadership and management skills. One can choose their MBA course according to their field of interest. If individuals want to change their career path and work full-time, their CVs will hold high value despite the gap.
If you want to pursue your MBA in any IIM, you need to pass the entrance exam. The admission procedure of IIM is not so easy, and scoring the cut-off marks is more challenging. So, students should work hard to pursue their dream of getting into an IIM. IIM provides high-quality education, and an individual should be fortunate enough to work with the country’s best minds.
5. Campus events
IIM conducts some extraordinary competitions and events for their students inside the campus. These include ITC Interrobang, GSK Stratedge, HUL Lime and more.