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IIM vs IIT MBA: Which one to choose?

IIM vs IIT MBA: Which one to choose?

Edited By Alen Tom Shaji | Updated on Jan 30, 2024 04:22 PM IST

IIM vs IIT MBA is a challenging decision for MBA aspirants. Both IIM and IIT institutions are renowned for their academic programmes and offer unique opportunities. IIM and IIT are two of the most prestigious institutions in India, offering world-class education and facilities. Read this article to get an idea of the merits and unique offerings of an MBA from IIM vs IIT.

About IIM vs IIT MBA

The IIMs, established by the Indian Government for business and management studies, with the establishment of IIM Calcutta and IIM Ahmedabad in 1961. Today, there are 21 IIMs across the country, each contributing to the field of management through high-quality education, research, and industry interaction.

On the other hand, the IITs, known for their engineering and technical courses, were established even earlier, with the first, IIT Kharagpur, set up in 1951. Out of the 23 IITs, only seven offered admission in management programmes.

IIM vs IIT MBA : Comparison

Particulars

IIM

IIT

Year of Establishment

1961 (IIM Calcutta, IIM Ahmedabad)

1951 (IIT Kharagpur)

Number of Institutes

21

23

Key Strengths

Management Studies, Experienced Faculty, and Industry Connections.

Technical and Management Education, Innovation and Research.

IIM NIRF Ranking 2023

MBA aspirants can check the various IIM NIRF ranking 2023 in the table below.

List of IIMs

NIRF 2023 Ranking

Indian Institute of Management Ahmedabad

1

Indian Institute of Management Bangalore

2

Indian Institute of Management Bodh Gaya

53

Indian Institute of Management Calcutta

4

Indian Institute of Management Indore

8

Indian Institute of Management Jammu (IIMJ)

41

Indian Institute of Management Kashipur

19

Indian Institute of Management Kozhikode

3

Indian Institute of Management Lucknow

6

Indian Institute of Management Raipur

11

Indian Institute of Management Ranchi

24

Indian Institute of Management Rohtak

12

Indian Institute of Management Sambalpur

58

Indian Institute of Management Shillong

26

Indian Institute of Management Tiruchirappalli

22

Indian Institute of Management Udaipur

16

Indian Institute of Management Visakhapatnam

29

Indian Institute of Management, Amritsar

51

Indian Institute of Management, Sirmaur

98

Indian Institute of Management, Nagpur

43

IIT NIRF Ranking 2023

The following table lists the top IITs that provide MBA programmes with respect to their NIRF ranking 2023 in the management category. Out of 23 IITs, only 7 offer admission to management courses.

Top IIT offers MBA

NIRF 2023 Ranking

Department of Management Studies at IIT Delhi

5

Shailesh J. Mehta School of Management (SJMSoM) at IIT Bombay

10

Vinod Gupta School of Management (VGSoM) at IIT Kharagpur

14

Department of Management Studies (DoMS), IIT Madras

15

Department of Management Studies at IIT Roorkee

18

Department of Industrial and Management Engineering (DIME) at IIT Kanpur

23

Department of Management Studies, IIT (Indian School of Mines), Dhanbad

44

IIM vs IIT : MBA Courses

The MBA programmes at the Indian Institutes of Management (IIMs) and the Indian Institutes of Technology (IITs) are renowned for their curriculum, experienced faculty, and innovative education.

The IIMs, established for business and management studies, offer full-time and online MBA programmes such as executive MBA, executive FPM, PGPM, and PGDM.

On the other hand, the IITs, known for their engineering and technical courses, also offer robust management programmes. The MBA programmes at IITs include MBA, MBA Business Analytics, MBA Telecom, and many others.

IIM vs IIT : MBA Courses and Fee Structure

The below table displays the major differences between the IIM vs IIT MBA courses and fees.

Particulars

IIM

IIT

Eligibility Criteria

Candidates must have a bachelor’s degree with a minimum aggregate of 50% marks in a relevant field from an approved university.

Candidates must have a bachelor’s degree in a relevant field from an approved university.

Accepted entrance exam

CAT, GMAT, GRE

CAT

Specialisations

Finance, Marketing, Business Operations, and HRM.

Technology Management, Telecom Management, Information Systems, Marketing, and Operations Management

Course fees

Rs. 13 lakhs to Rs. 27 lakhs.

Rs. 5 lakhs to Rs. 10 lakhs.

Check out:

TAPMI Jaipur MBA Admissions 2024

67 Years of Established Legacy | Ranked #79 in India by NIRF | Among the only few top 100 B-Schools currently accepting applications

Reva University BBA Admissions 2024

REVA University is Ranked 6th among universities in India by IIRF | Highest CTC 36 LPA

IIM vs IIT MBA Admission Process

Candidates who wish to apply for the MBA / PGDM/ PGP programmes must know the MBA admission criteria followed by the top B-schools in India. Candidates are shortlisted based on the IIM and IIT CAT score. Sortlist candidates must attend the next level of selection process

IIM vs IIT MBA Selection Process 2024-26

Candidates who meet the eligibility requirements and cutoff can participate in the various institutes' selection processes. Candidates can visit the below table to get more details on the IIM vs IIT admission process 2024.

Particulars

IIM

IIT

IIM vs IIT cutoff

For general category: 90

For reserved category: 85

For general category: 90+

For reserved category: 70

Selection Process

3 step selection process.


Step 1: shortlisting of candidates based on CAT score.


Step 2: Attend the WAT test or PI round.


Step 3: Release of IIM final result based on the calculation of composite score

3 step selection process.


Step 1: Candidates are shortlisted as per the CAT score.


Step 2: Shortlisted candidates must attend the GD and interview sessions.


Step 3: Declaration of the IIT MBA merit list.

Seats Intake

5100

500

IIM vs IIT : Placements and Salary Packages

The placement opportunities between IIM vs IIT are high in 2023, with graduates often securing positions in top companies across various industries.

The IIMs have a thorough placement process that is usually broken up into 3 parts: summer placements, lateral placements and final placements. The highest salary package offered in 2023 was Rs. 58 lakhs, while the average salary package was Rs. 31 lakh.

Meanwhile, IITs also have good records for getting students jobs. For example, the Department of Management Studies at IIT Delhi has a great track record of placing all of its graduates. The average salary package at the best IITs is between 20 and 25 lakhs per year, while the average salary package at the newest IITs is between 10 and 20 lakhs per year.

IIM vs IIT : Placement Statistics 2023

Top IIM and salary package 2023

IIM

IIM MBA average package

Indian Institute of Management Ahmedabad

Rs.26 lakhs

Indian Institute of Management Bangalore

Rs.26 lakhs

Indian Institute of Management Calcutta

Rs.24 lakhs

Indian Institute of Management Lucknow

Rs.22 lakhs

Indian Institute of Management Kozhikode

Rs.22 lakhs

Top IIT colleges and salary package 2023

IIT Institutes

IIT MBA average package

Department of Management Studies at IIT Delhi

Rs.25.82 lakhs

Shailesh J. Mehta School of Management (SJMSoM) at IIT Bombay

Rs.28.88 lakhs

Vinod Gupta School of Management (VGSoM) at IIT Kharagpur

Rs.22 lakhs

Department of Management Studies (DoMS), IIT Madras

Rs. 20 lakhs

Department of Management Studies at IIT Roorkee

Rs 18.5 lakhs

Department of Industrial and Management Engineering (DIME) at IIT Kanpur

Rs. 18 lakhs

Also See:

Frequently Asked Question (FAQs)

1. Which is the best IIT for MBA?

According to the NIRF report 2023, IIT Delhi has ranked in the 5th position among the management institutes. IIT Delhi offered an average salary package of Rs. 20 lakh to MBA graduates.

2. Is IIT accepting GMAT / GRE scores for MBA admission?

No, IITs only accept CAT scores for the MBA admission process.

3. Which is better for MBA IIM or IIT?

IIM vs IIT MBA both have their own pros and cons. A significant number of candidates prefer pursuing an MBA from IITs rather than from newer IIMs or other top-tier MBA institutions. This preference is largely due to the impressive record of IITs in terms of placement success, return on investment (ROI), and low fees compared to IIMs.

4. Why are IIM fees so much higher than IIT?

Many things make the fees for IIMs higher than those for IITs. IIMs are independent organisations that do not get any money from the central or state government. In addition to the higher fees, IIMs use high-quality resources and case studies that come from well-known universities like Harvard and Stanford.

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