IIMs versus FMS: Torn between the FMS options as opposed to the IIM institutes? Not to worry, because you aren’t the only one who has this confusion. There are many like you who face this dilemma when it comes to making a choice between the two equally reputed institutes.
Beginning from their infrastructure, campus environment, fee structure and brand value to the institutes’ ROI, the alumni network, batch size, placement and faculty quality – there are multiple factors on which you can compare the institutes.
Here is a factor analysis of the two (FMS and IIMs- IIM A, B and C) in order to resolve your dilemma and outline the various aspects you need to address before you enroll in any of the aforementioned institutes:
The IIM institutes, which have a higher brand value than the others, inevitably charge an enormous fee of INR 10,00 000 per year (on average). This fee, when compared to FMS, is very high. The fee structure of FMS Delhi is very low as the fees charged by IIMs, i.e. approximately 65,690 INR for the two years of the flagship MBA programme. Therefore, FMS Delhi has an upper hand compared to the IIMs due to a moderate fee structure.
Both IIMs and FMS have their own brand value which they have built over the years. However, the extremely high brand value of IIMs – Indian Institutes of Management – makes them a class apart from FMS Delhi. FMS is also a renowned institution, but with a relatively low brand value when compared with IIMs. This brand value therefore makes the institute highly recognizable. IIMs are the MBA Oxfords in India. This reputation magnet attracts the potential MBA aspirants to their institutes.
Batch strength and Campus environment
The strength of a batch at FMS Delhi is approximately 226 students (based on the number of students in 2014- 2016), which is less than half the strength of the IIM institutes. The lower batch strength at FMS Delhi offers more benefits in terms of personal attention to students, facilitated teaching, greater discipline and detailed pedagogical planning than the IIMs.
However, many may also see the lower batch strength as a result of limited infrastructure and other facilities. FMS Delhi consists of two lecture halls, approximately eight to ten classrooms, a decent seminar hall, a canteen and a library. The IIM institutes – IIM A, IIM B, & IIM C on the other hand, have state-of-the-art infrastructure and facilities, which meet their standards and reputation. IIMs have art auditoriums, hostels, large classrooms, seminar halls, open spaces, libraries, etc.
If you’re looking for a royal academic environment, the place you’re looking for would be IIM A, IIM B or IIM C.
Faculty and learning
For candidates who are focussed on gaining subject knowledge and personal grooming, this factor should be a priority. Both the institutes have ace quality and highly experienced faculty. However, academic rigor is greater in the IIMs and experiential learning is more favoured in FMS Delhi. In addition to the emphasis on academic and theoretical learning, FMS Delhi deals extensively with more pragmatic projects, industry interactions, corporate competitions and institutional management, whereby students collectively manage the institute from which equipment should be purchased for each class to take different branding initiatives and to introduce new courses.
In a nutshell, IIMs make you an academically-oriented person and FMS Delhi makes you an all-rounder.
Statistically speaking, the annual salary for the alumni of IIM A, IIM B & IIM C institutes is about 18 lakhs. However, FMS Delhi is not too far behind. The salary for FMS Delhi alumni is about 15.4 lakhs. In both the institutes, the placements provided are nearly the same. The companies that visit, offer and recruit students are nearly similar, so there is not much difference in the campus placements. Both guarantee you good organisations to work for post completion of their MBA course. Although, FMS does not receive offers from the top consultations strategy companies, the chances of entering top companies and organizations remain at the same level as IIM institutes.
|S. No.||Salary component||IIM A (Placements 2018)||IIM B (Placements 2018)||IIM C (Placements 2018)||FMS (Placements 2018)|
The only advantage that FMS Delhi has in terms of placements is the low strength of the batch, which reduces the level of competition. So, even an average performer is highly likely to be well placed, which may not always be possible at the IIMs.
Mentioned above were the five comparison factors which can help you make a choice between the institutes. Although, the focus of each person is on a different factor and parameter, the priority, in the end, boils down to the placements offered by the institution.
While some may seek the institute’s reputation, the other may register based on the Fee Structure. Therefore, you can analyse and make your academic and institutional choice based on the above factors and your priorities and personal preferences.
However, it goes without saying that both the IIMs and FMS are great management institutes offering an excellent career graph and promising roles in the corporate world. Both the IIMs and FMS institutes have their own brand value, recognition and outreach, and therefore, joining either of them will a win-win situation for the students.