IIM vs FMS: Which one is Best

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. 

Potential MBA candidates are drawn to their institutions by their stellar reputations. The article has full details about the admission procedure, eligibility criteria, fee structure and placements. 

Table of Contents

• Key Difference
• Fee Structure
• Cutoff
• Admission Procedure
• Eligibility Criteria
• Placements
• 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.

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).

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. 

List of IIM Colleges and Fees

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

S.No.	Colleges	Fees
1.	IIM Ahmedabad	INR 28,00,000
2.	IIM Bangalore	INR 23,50,000
3.	IIM Calcutta	INR 27,00,000
4.	IIM Lucknow	INR 19,50,000
5.	IIM Kozhikode	INR 17,50,000
6.	IIM Indore	INR 16,00,000
7.	IIM Tiruchirappalli	INR 14,50,000
8.	IIM Udaipur	INR 13,00,000
9.	IIM Raipur	INR 14,20,000
10.	IIM Ranchi	INR 15,50,000
11.	IIM Rohtak	INR 15,00,000
12.	IIM Shillong	INR 14,00,000
13.	IIM Kashipur	INR 7,00,000
14.	IIM Nagpur	INR 13,75,000
15.	IIM Amritsar	INR 10,50,000
16.	IIM Bodhgaya	INR 10,50,000
17.	IIM Sambalpur	INR 13,00,000
18.	IIM Sirmaur	INR 12,50,000
19.	IIM Jammu	INR 13,80,000
20.	IIM Vizag	INR 11,00,000

List of FMS Courses and Fees

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

S.No.	Courses	Fees
1.	Master of Business Administration (MBA) / Post Graduate Program in Management (PGDM)	1.92 Lakhs
2.	Executive Master of Business Administration / Post Graduate Program in Management (PGDM)	1.92 Lakhs
3.	PhD	₹1.92 Lakhs

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 

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

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

FMS

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

Category	Composite Score
	2021	2020
General	49.363	98.18
OBC	35.384	90.07
SC	28.393	82.19
ST	19.767	58.1
EWS	37.399	25.83
PWD1, PWD2, PWD3, PWD4, PWD5, PWD6	19.75	22.54
CW1, CW2, CW3, CW4, CW5	N.A	11
CW6	37.67	26.23

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.  

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

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.

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. 

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.

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.

Placement Scenario: IIM or FMS Delhi

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 in IIMs

• 2022 IIMA PGPX placements will see a 20% increase in the median salary.
• At IIMA PGPX, the average domestic salary will increase by 6% in 2022.
• 35% of IIMA PGPX 2022 students were engaged by consulting companies.
• In 2022, IIM Ahmedabad's Executive MBA students earned five international offers.
• In the IIMA PGPX placements 2022, the online services sector hired 20% of IIM Ahmedabad's Executive MBA graduates.

Read More: IIM Placements

Placements in 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.

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

IIM Allahabad received 182 job offers in 2019 and had 153 recruiters come to the campus for the hiring campaign. The maximum CTC was 70 LPA, and the average CTC offered was 25.83 LPA.

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

Recruiters in FMS Delhi

257 Students out of 269 participated in the Placement process in 2022.12 Students opted for Placement Holiday to pursue Entrepreneurship. 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.