IIMs and Non-IIMs ? Which and Why- Fees and MBA Salary

Updated as on Aug 02, 2026. IIM vs Non IIM: Apparently it is a general tendency to associate Quality with Brand. However, this propensity does not hold good. A perception that Brand X will offer the same level of quality is incorrect. For example, let's consider Brand “IIM”. There are three distinct and different categories in which the IIMs can be classified broadly. Could be many more but we shall now consider 3 categories - ‘The Old IIMs’ - considered the top 4 IIMs of the country - IIM A, B, C, L then ‘The New IIMs’ followed by ‘The Baby IIMs’. Apply to any top 250 B Schools from one window. Shortlist, save. CLICK Brand Value of each of the categories would be different from each other. IIM A can not be compared with IIM Sirmaur. Same goes with the non IIM brands. MDI Gurgaon, considered one of top B Schools of the country, and MDI Murshidabad are in completely different leagues. https://campusutra.com/compare-business-school-series-33-xlri-vs-iim-lucknow-vs-jbims-2/ It's worth mentioning here that long before any Indian Institute of Management came up it was XLRI which was established in 1949 followed by IISWBM Calcutta in 1953 and FMS Delhi which was established in 1954. The top 3 IIMs - Calcutta (being the first IIM established in 1961) then Ahmedabad (later part of 1961) and Bangalore (1973) are the oldest and most respected IIMs. Later on other IIMs came up - first the ‘New generation of IIMs’ and later the ‘Baby IIMs’. XAT records highest registration for 2025 https://campusutra.com/mdi-gurgaon-official-placement-report-2024/ XLRI Jamshedpur, SPJIMR, MDI Gurgaon still retain top slots in any ranking of management institutes and are the most preferred B Schools of the country now. There are plenty of instances where students who may have converted for both IIM A and FMS Delhi, eventually opted for FMS Delhi. The low fee (compared to IIM A) and the steep salary of FMS (at par with IIM A) is a huge factor which goes in favour of FMS. ‘Learning experience’ of the student may differ. https://campusutra.com/mba-in-less-rs-5-5-lakhs-from-these-12-nits/ Similarly, ISB Hyderabad gives a very tough competition to all these 4 IIMs. So does XLRI Jamshedpur, FMS Delhi, JBIMS and MDI Gurgaon. READ: Are the IIMs unable to attract female students? https://campusutra.com/iim-kozhikode-pgp-bl-admission-2/ Over the years the IIMs definitely has a brand equity and edge over the Non IIMs and from a brand perspective for many of us ‘brand IIM’ may appeal more. However, not all IIMs can be classified under the same bandwidth just for the namesake. Same goes for new campuses opened by MDI, XLRI, SIBM, NMIMS etc. etc. https://campusutra.com/spjimr-placements-2024-highest-salary-rs-81-lpa/ In each of the 3 categories mentioned for the IIMs there are Non IIM B Schools which provide a similar value proposition. For clarity, listed below are IIMs and the non IIM counterparts which compete. In fact, until a few years down the line when IIMs offered PGDM and not MBA (before IIM Act 2017 introduced by GoI), many students who wanted to go for higher studies, fellowship or research opted for universities which offered MBA. https://campusutra.com/iim-lucknow-summer-placements-2024-2026-576-offers-highest-sip-rs-7-9-lakhs/ The scenario changed and competition for IIMs increased a few notches when the IITs started coming up with their own management institutes. The trend started with IIT Kharagpur launching VGSoM in 1996. Some Non IIM B Schools considered at par with : IIMs Fees Avg Sal’26 Non IIM Top B Schools IIM A 28 35.5 ISB, FMS IIM B 24.5 35 ISB, FMS IIM C 27 36 ISB, FMS IIM L 19.5 33.4 XLRI, JBIMS, SPJIMR IIM K 20.5 29.5 SPJIMR, XLRI IIM I 21 29 XLRI, IIFT, SJMSOM, SPJIMR IIM Shillong 26 26.5 MDI G, IIT VGSoM, IIFT, SIBM P IIM Ranchi 19 19 SBM NMIMS, IIT VGSoM, SCMHRD IIM Udaipur 19 18.5 IIT VGSoM, DMS IITD, MDI G IIM Kashipur 18 14.9 SIBM P, XIM, MDI G IIM Trichy 21 18.5 SIBM P, SCMHRD, MDI G IIM Rohtak 18 19.3 SIBM Pune, IIFT IIM Raipur 18 20 SIBM P, MDI G, NMIMS IIM V 17.5 15.5 IMT G, XIM IIM N 13.75 18 IMT G, MICA, XIM IIM Amritsar 14 15.5 IMT G, XIM, NMIMS, SCMHRD IIM Sirmaur 13.75 14.4 IMT G, XIM, IMI IIM BG 16.28 14 IMI, TAPMI, IMT G IIM Sambalpur 14 16 XIM, IMT G, SIBM Pune, NMIMS IIM Jammu 17.1 14.5 IMT G, MICA IIM Mumbai 21 21 MDI G, IIFT, SPJIMR *consideringFees/Avg.Salary /Recruiters Profile /CutOff /Faculty /Infra /ROI /Brand perception One major factor which should also be considered when shortlisting a management institute is the specialization one may want to pursue. Do share your thoughts and queries. Compare MBA Colleges: XLRI vs MDI v IIFT vs SPJIMR