Introduction
The Indian Institutes of Management (IIMs) are the gold
standard for management education in India. Over the past two decades, the IIM
family has expanded from just a handful of elite business schools (the “old”
IIMs) to a network of 21 campuses, including the much-discussed “new” and
“baby” IIMs. If you’re an aspirant, parent, or even a working professional,
you’ve likely asked: Are the new and baby IIMs truly worth it? How do they
stack up in terms of packages, fees, placements, and the all-important “IIM
brand”?
This in-depth, humanized guide demystifies the world of
IIMs—explaining the differences between old, new, and baby campuses, comparing
costs and career prospects, and helping you decide whether the IIM dream is the
right investment in 2025.
IIMs at a Glance: Types, History, and
Reputation:
The IIM Timeline
Each campus offers flagship 2-year MBA (PGP/PGDM) programs,
with some also offering executive, integrated, and doctoral courses.
Comparing IIMs: Fees, Packages, and Campus
Qualities
Fees: What Does an IIM MBA Cost in 2025?
Category |
Examples |
2-Year Fees Range (₹ Lakhs) |
Old IIMs |
Ahmedabad, Bangalore, Calcutta, etc. |
19–28 |
New IIMs |
Udaipur, Trichy, Rohtak, Raipur |
15–23 |
Baby IIMs |
Jammu, Amritsar, Bodh Gaya, Sambalpur |
13–18 |
Note: FMS Delhi (not an IIM) has the lowest fees with high
ROI.
Average & Highest Packages: What You Can
Expect:
Category |
Average Package (₹ LPA) |
Highest Domestic Package (₹ LPA) |
Old IIMs |
28–36 |
65–146 |
New IIMs |
20–28 |
47–72 |
Baby IIMs |
12–19 |
30–54 |
LPA = Lakhs Per Annum. Packages vary by role, industry, and
candidate profile.
Infrastructure and Peer Network:
Are the New & Baby IIMs Worth It? Honest Pros & Cons
Brand Value & Industry Pull:
The
IIM tag is powerful across all campuses, with old IIMs leading in legacy and
credibility. New and baby IIMs are catching up fast, especially in consulting,
tech, and BFSI sectors.
Placement Records:
Faculty & Curriculum:
Mentorship
from older IIMs ensures uniformity. Case studies, live projects, and updated
curricula are now standard across the board.
Peer Group:
Campus Life:
Rich
student culture at old IIMs. Baby IIMs are building their own traditions and
offer close-knit communities.
Scholarships & Financial Aid:
Available
across all IIMs; mostly need- and merit-based. Loan access is strong due to the
IIM brand.
ROI: Comparing Investment & Returns:
Notable Differences: Old vs. New vs. Baby IIMs:
Aspect |
Old IIMs |
New IIMs |
Baby IIMs |
Placement |
Top-tier, global |
Fast-improving |
Strong, growing |
Fees |
₹19–28L |
₹15–23L |
₹13–18L |
Batch Size |
350–450+ |
180–260 |
120–240 |
Peer Group |
Highly competitive |
Competitive |
Focused, evolving |
Alumni Network |
Global, established |
Rapidly growing |
Emerging, strong backing |
Campus Life |
Rich, traditional |
Modern |
Evolving |
Scholarships |
Available |
Available |
Available |
Industry Connect |
Global/national firms |
Big 4, national |
Mix of MNCs/national |
Mentorship |
Lead others |
Mentor baby IIMs |
Mentored by old IIMs |
Brand Tag |
Strongest |
Strong |
Growing |
Student Voices & Success Stories:
“Getting into a new IIM made me nervous at first, but the
support, updated curriculum, and IIM tag helped me land a solid job in a top
consulting firm after graduation.”
“I was pleasantly surprised by the placement at my baby
IIM. If you’re driven, the IIM name carries weight.”
“My IIM director was from IIM Lucknow—we were guided by the
best and connected to alumni across all IIMs.”
How to Choose: Is an IIM—Old, New, or
Baby—Right for You?
·
Career Goals: Aim
high? Go old. Want balance? New or baby IIMs are smart bets.
·
Check Placements:
Don’t just look at highest CTC—focus on median, roles, and sectors.
·
Consider Location:
Proximity to metros = better internships and industry connects.
FAQs About IIMs:
1.Can you get an excellent MBA experience at a baby IIM?
Yes, especially with updated curriculum and mentorship.
2.Are placements comparable across IIMs?
Old IIMs lead, but new and baby IIMs are catching up quickly.
3.Should I choose a top private school over a baby IIM?
Depends on goals. Baby IIMs offer strong long-term branding; private schools
may offer quicker short-term results.
4.Will the IIM tag matter long-term?
Yes, it continues to hold strong weight across industries.
Conclusion: The Future of IIMs in India
With every passing year, the IIM network grows not only in
size but also in depth. With increasing placements, cutting-edge
infrastructure, and the strong IIM brand, the new and baby IIMs are emerging as
viable, expanding alternatives to the old IIMs, which still have aspirational
status.
Choosing an IIM today is about aligning with your career path, budget, and long-term ambition. No matter which IIM you attend, your efforts and network will shape your success.