MBA From IITs – Eligibility, cutoffs, placements, fees

The IITs are known for the excellent technical education they impart to some of India’s best engineers. Not only are they coveted institutions in India, but are also respected for their pedigree abroad. However, over the last few years, they’ve also carved out a space for themselves in the management space. Ranking right next to the country’s top IIMs, institutions like IIT Delhi and IIT Bombay have built full-fledged, reputed, quality management departments cultivating the next generation of business leaders. Getting an MBA from IITs, either one of them, can help you accelerate your career and stand in stead with students from other top management institutions. 

In fact, according to the 2023 placement reports, grads from SJMSOM IIT Bombay earned a median salary of INR 26.73 LPA, and those from DoMS IIT Delhi earned INR 24.45 LPA. These numbers put them right at par with not just top private institutes like MDI and IIFT but also with IIM Kozhikode and IIM Shillong. Apart from those 2 IITs, IIT Madras, IIT Dhanbad, IIT Kharagpur, IIT Kanpur, and IIT Roorkee also offer management programs. While most of the MBA from IIT programs require engineering/math/science backgrounds, the ones at IIT Delhi and IIT Madras accept people with bachelor’s from any stream. 

In this blog, we’ll discuss the eligibility criteria for each MBA from an IIT program and delve into other critical details such as entrance tests, cutoffs, fees, and placements.

MBA from IITs – Which IITs offer management programs?

Did you know that, according to NIRF, IIT Delhi is ranked the fourth best management institution in the country, above even IIM Calcutta? Additionally, five IITs are in the top 20 MBA programs. Great placements, a wide alumni network, and an education ethos steeped in a rich legacy have made these colleges a much sought-after choice for MBA aspirants. 

Let’s take a look at which IITs offer MBA programs along with their corresponding NIRF rankings to give you a better idea of how they compare with other top MBA colleges in India.

Read More – Top MBA Colleges in India

MBA from IITs – What are the eligibility criteria?

Some of the MBA from IIT programs are geared towards engineers and students with a math background, while others have more generalised programs that cater to students from all streams. Let’s take a look at the eligibility criteria to pursue MBA from IITs:

Read More – IIT Bombay Placements 2024

MBA from IITs – What are the expected cutoffs?

While official cutoffs are hard to come by, we’ve collated estimated cutoffs that you can refer to set a target score for yourself. We’ve also added the minimum CAT scores required for admission consideration. Achieving the minimum required score doesn’t guarantee admission; it just qualifies you for consideration. These cutoffs are not exact and are merely guidelines to keep in mind while preparing for your CAT exam.

Read More – IIT Delhi Placements 2024

MBA from IITs – What are the median/average placement and fees?

One of the biggest factors influencing students’ decisions to pursue their MBA from IITs is that of RoI. IITs tend to have lower fees and great placement opportunities, making them the ideal choice for aspirants.

Read More – IIT Madras Placements 2024

MBA from IITs – Why should one choose to pursue an MBA from the top IITs?

While there are many reasons to pursue an MBA from IITs, here are a few of the strongest ones:

• Comparatively lower CAT cutoffs – IITs are established, reputed institutions with a storied past. With powerful brand value to bank on, they have access to resources, alumni, and industry connections that make them lucrative options for aspirants. However, despite these advantages, most MBA from IIT programs have relatively lower cutoffs than their IIM counterparts. For instance, IIT Kharagpur has an average placement of ₹20 LPA with a cutoff that borders at 94%. Students, even with lower CAT scores, can tap into resources that only institutions as well-recognised as the IITs can provide.

• Great placements—The first question that most MBA aspirants have on their minds is that of placements: What roles, industries, companies, and pay scales will they be offered post-MBA? Lured by the powerful IIT brand, the MBA placement scenario has been on the higher end of the scale. Even lower-ranked IITs, such as ISM Dhanbad, have average placements of ₹17 LPA+. 

Read More – IIT Kharagpur Placements 2024

• Lower fees – Since IITs are publicly funded and have access to grants and alumni donations, they can afford to offer students lower fees than other colleges. Just look at the table above. IIT Bombay, with an average placement of ₹28 LPA, charges its students only ₹16 LPA, a significantly lower amount than most other private management schools.

• Great RoI – As logic follows, low fees combined with great placements lead to industry-leading RoI. However, even if students look for value beyond just dry numbers, they can rest assured that an MBA from IITs is one of the best choices they can make. Well-developed campuses teeming with innovation, a student base of the choicest aspirants in the country, a wide alumni network spread across the globe, and inroads into most industries directly translate to a great MBA experience. 

Even with lower cutoffs, students still need to do well on their CAT exam to land a spot on their preferred MBA from IIT program. This can only be made possible by working with India’s best mentors at one of India’s leading CAT prep institutes. The IMS CATapult program offers over 100 hours of interactive learning that bundles a video-first approach with teacher-student interaction. This ensures each second of your prep is planned well. Moreover, you also get the chance to sit down face-to-face with IMS mentors to discuss strategy, ensuring no stones are left unturned in your journey to securing an MBA from IITs.