IIM vs FMS: Courses, Fee Structure, Admission, Placements

IIM vs FMS: 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.

Table of Contents

• IIM vs FMS: Key Difference
• IIM vs FMS: Fee Structure
• IIM vs FMS: Cutoff
• IIM vs FMS: Admission Procedure
• IIM vs FMS: Eligibility Criteria
• IIM vs FMS: Placements
• IIM vs FMS: Top Recruiters

IIM vs FMS: Key Difference

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

IIM 

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, Ph.D, 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

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

IIM vs FMS: Fee Structure

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.

Colleges	Average Fees (INR)
IIM Ahmedabad	28,00,000 - 32,00,000
IIM Bangalore	23,50,000 - 24,50,000
IIM Calcutta	25,00,000 - 27,00,000
IIM Lucknow	14,05,000 - 19,25,000
IIM Kozhikode	17,50,000 - 20,50,000
IIM Indore	16,00,000 - 21,17,000
IIM Tiruchirappalli	11,80,000 - 14,00,000
IIM Udaipur	13,00,000 - 16,54,000
IIM Raipur	14,20,000 - 15,84,000
IIM Ranchi	10,10,000 - 15,30,000
IIM Rohtak	14,00,000 - 15,20,000
IIM Shillong	14,37,500 - 14,60,000
IIM Kashipur	12,00,000 - 15,42,000
IIM Nagpur	13,75,000 - 18,00,000
IIM Amritsar	10,50,000 - 13,20,000
IIM Bodhgaya	10,50,000 - 15,55,000
IIM Sambalpur	10,50,000 - 13,00,000
IIM Sirmaur	10,34,000 - 12,50,000
IIM Jammu	8,52,000 - 13,80,000
IIM Vizag	11,00,000 - 15,04,000

Also Check: Total Seats in IIM

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.

Courses	Average Fees (INR)
Master of Business Administration (MBA) / Post Graduate Program in Management (PGDM)	1.92 Lakhs
Executive Master of Business Administration / Post Graduate Program in Management (PGDM)	1.92 Lakhs
PhD	1.92 Lakhs

Also Check: XLRI vs. FMS

IIM vs FMS: Cutoff

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. 

IIM CAT cutoff

IIMs	CAT Minimum Cutoff
	2022	2021	2020 (Max)
IIM Ahmedabad	80	80	99
IIM Bangalore	85	85	99
IIM Calcutta	85	90	99
IIM Lucknow	90	90	97+
IIM Indore	90	90	97+
IIM Kozhikode	85	85	97 to 98
IIM Amritsar	90	85	95+
IIM Nagpur	85	85	95+
IIM Sambalpur	93	85	95+
IIM Trichy	92	93	94
IIM Raipur	93	93	94
IIM Ranchi	90	94	94
IIM Kashipur	94	93	94
IIM Vizag	80	85	92
IIM Udaipur	92	90	92
IIM Bodhgaya	93	90	92
IIM Shillong	75	85	90
IIM Sirmaur	92	95	95
IIM Rohtak	95	95	95

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. 

FMS Composite Score

Category	Composite Score
	2022	2021	2020
General	68.487	49.363	98.18
OBC	56.788	35.384	90.07
SC	55.354	28.393	82.19
ST	49.665	19.767	58.1
EWS	60.469	37.399	25.83
PWD1, PWD2, PWD3, PWD4, PWD5, PWD6	56.041	19.75	22.54
CW1, CW2, CW3, CW4, CW5	NA	NA	11
CW6	NA	37.67	26.23

Also Check: IIM or ISB

IIM vs FMS: Admission Procedure

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 for getting admission into these top institutes. 

Eligibility Criteria for IIM

Below are the eligibility criteria mentioned for the candidates planning 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 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

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 students 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, 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