IIM vs FMS - Which are better?

IIM vs FMS is a widely discussed topic, where IIM stands for Indian Institute of Management while FMS stands for Faculty of Management Studies. The major difference between these two management schools is their brand value amongst recruiters and students.

IIM offers a 2-year MBA and other certification courses, whereas FMS offers both 1-year Executive MBA and 2-years full-time MBA programs. The detailed different, pros and cons of pursuing the course have been shared below for the candidates ease.

Key Difference Between IIM vs FMS

Students need to be aware of the crucial differences between IIM and FMS to comprehend the significant hype surrounding these two top universities in the country.

IIM Course Details

The Indian Institutes of Management are public business schools for management that the central government owns. They provide additional business administration courses in addition to undergraduate, postgraduate, PhD, and executive programs.

The management course covers coordinating several organisational divisions (such as human resources, finance, marketing, and information resources) to accomplish an organisation's goals and efficiently run the firm.

The college offers even more courses, including Business Analytics, Executive Management, Leadership Programs, PGP, and others.

Also Check: Why MBA from IIM is so special?

FMS Course Details

The Red Building of Dreams, also known as the Faculty of Management Studies of the University of Delhi (FMS Delhi), is a prestigious business institution in New Delhi, India.

One of the top business schools in India, it was founded in 1954 and is housed within the University of Delhi.

National Assessment and Accreditation Council have given FMS Delhi comprehensive accreditation (NAAC). It offers classes in various fields, including operations research, law, economics, and sociology.

Additionally, FMS Delhi offers a part-time MBA program. It is a member of the big Association of Management Development Institutions in South Asia and is associated with the University of Delhi (AMDISA).

Also Check: IIM or ISB

Fee Structure of IIM vs FMS

The fee structure for IIM and FMS is mentioned for each location. The students can make a note of it to know whether they can afford to get an education in any one of these top institutions. 

IIM Fee Structure

Below is the list of IIT colleges in India along with their fee structure is mentioned below in the table.

FMS Fee Structure

Below is the list of courses offered by ISB in India along with their fee structure is mentioned below in the table.

Also Check: XLRI vs. FMS

IIM vs FMS: Cutoff Marks

The students will have to know the cutoff to prepare for their entrance exams accordingly to get into their dream institution. 

IIM Cutoff

The students will have to learn about the cutoffs for all IIMs to aim and prepare for their CAT scores accordingly. 

Also Check: IIM Admission Criteria

FMS Cutoff

The students will have to know the cutoff of FMS to get into the institution without any hassle. 

Also Check: IIM or ISB

Admission Procedure of IIM vs FMS

Below are the admission guidelines mentioned for the candidate planning to get admission into IIM and FMS for their management courses in various fields. Candidates must adhere to these eligibility criteria before appearing for these courses.  

Admission Process for IIM

An established protocol governs the admission process to an IIM. For admission to IIMs, aspirant applicants must first register for the CAT exam. However, the steps are listed below:

• Shortlisting Candidates determined by CAT results: Candidates are contacted by the IIMs for admission once they have passed the CAT exam and have a valid CAT score.
  Each IIM will announce its admission requirements and cutoff via an official announcement posted on its website.
• Eligible candidates may move on to the admissions rounds after that.
• The GD-PI is called for candidates. Based on WAT: The candidate's CAT scores are thoroughly assessed at this level. Only those applicants who met the applied IIM's cutoff are summoned for group discussion and personal interviews.
• Final decision-making and calculation of composite score: In this final step, the composite scores are computed based on particular criteria, such as marks obtained in classes 10 and 12,
  graduation rates, performance in personal interviews, academic and gender diversity, and job experience.

Read More: IIM Admission

Admission Process for FMS

The admission procedure for candidates planning to get admission to FMS is given below.

• For admission to FMS Delhi, all shortlisted applicants must take part in the final selection stage.
• Depending on the pandemic scenario, the final selection round for FMS admission 2023 may be held in person or online.
• Discussion of the Statement of Purpose, a personal interview, and an impromptu speech are among the selection criteria for FMS Delhi.
• The physical mode offline PI-Extempore round is conducted.
• Following the final admission phase, the merit list is based on the CAT 2022 score, SoP Discussion/GD performance, PI, Extempore, and Academic profile.

Also Check: IIM Vs IIT

IIM vs FMS: Eligibility Criteria

Below are the eligibility criteria mentioned for the candidates planning to get admission into IIMs and FMS. Candidates must check the eligibility criteria before appearing for the entrance exam to get admission into these top institutes. 

Eligibility Criteria for IIM

Below are the eligibility criteria mentioned for the candidates planning an MBA in IIMs.

• The minimum graduation requirement for admission to an IIM is 50% overall or an equivalent CGPA (45% for SC, ST, and PWD/DA categories).
• Candidates taking the bachelor's degree/equivalent qualification exam in their final year or awaiting their results may also apply.
• The candidates must satisfy the IIM shortlist/qualifying cut-off to be called for an IIM interview.
• The minimal IIM call cut-off must be met for candidates to be eligible for interview calls and to participate in WAT/GD-PI.

Also Check: How to Get into an IIM?

Eligibility Criteria for FMS

Below are the eligibility criteria mentioned for the candidates planning an MBA in FMS.

• The candidate must possess a bachelor's degree with a minimum of three years of study after graduating from high school and at least 50% overall or an equivalent grade point average (in the case of candidates from SC or ST, only passing grades are required). 
• Candidates from the OBC/PwD and CW categories must have 45% in their graduation class.
• To qualify for the next round of shortlisting, an applicant must take the CAT exam and get the minimum required sectional and total percentile scores.
• Candidates who have completed the criteria for a bachelor's degree or an equivalent certificate and were awaiting results were also eligible to apply for FMS Delhi MBA Admission.

Also Check: Top 10 MBA Skills to Boost Your Career

IIM vs FMS: Placements Record

When salary or packages are evaluated, career opportunities and development at IIM and FMS are comparable. It depends on the profile, sector, educational background, and goals of the applicant.

Placements at IIMs

• IIMA PGPX 2023 placements will see a 15% increase in the median salary.
• At IIMA PGPX, the average domestic salary will increase by 4% in 2023.
• In the IIMA PGPX placements 2023, the online services sector hired 12% of IIM Ahmedabad's Executive MBA graduates.

Read More: IIM Placements

Placements at FMS Delhi

• The average salary reaches an all-time high of Rs. 32.4 LPA in Placement 2022, up 24% from Rs. 26.20 LPA the previous year.
• From last year's Rs.24 LPA, the overall median salary climbed by 25% to Rs.30 LPA.
• The top 25% of the batch's average salary was 48.4 LPA.
• The top 50% of the batch's average salary was Rs. 40.78 LPA.
• The highest salary was Rs. 58 LPA.
• 95 per cent of the offers were higher than 20 LPA
• The number of offers made in the BFSI industry increased by 24%.
• Out of 269 students, 257 took part in the placement procedure for 2022.
• Twelve students chose a placement break to pursue their entrepreneurial interests.

Also Check: MBA after BBA

IIM vs FMS: Top Recruiters

For a 1-year executive MBA, IIM Ahmedabad will be a better option than FMS Delhi. Because of the course material, placement program, ROI, and popularity among professionals.

The 2 years full-time residential MBA programme at FMS Delhi is the flagship management course of the Faculty of Management, University of Delhi.

The MBA degree after completion of the course is awarded by Delhi University.

Recruiters in IIMs

There was a student passout number of 5200 in all 20 IIMs in 2022, in which 50% of the students already has 2 years of work experience.

The maximum CTC was 70 LPA, and the average CTC offered was 25.83 LPA. There was an average of 10% increase in campus placements in 2022 compared to 2021. 

McKinsey & Company, Boston Consulting Group, MasterCard, Avendus, JP Morgan, AB InBev, Airtel, CK Birla, and TCS are top recurring businesses.

Also Check: Why MBA? Top Reasons to Pursue an MBA

Recruiters in FMS Delhi

There were 257 Students out of which 269 students participated in the Placement process in 2022. In which, 12 students opted for Placement Holiday to pursue Entrepreneurship.

There were 28 new recruiters including Adani, Aon, Crisil, Deloitte, KPMG, Nomura, and PwC participated in Placement 2022 and made a large number of offers.

Top recruiters include Accenture, Amazon, Bain & Co, BCG, ITC, Kearney, Microsoft, Standard Chartered, KPMG, EY, Axis Bank, Bharti Enterprises, Citibank, and Crisil among others.

Also Check: MBA Placements