Whether an MBA from an IIT is worth it depends on your goals and priorities. 

Pros:

• Strong Alumni Network: IITs boast a large and well-connected alumni base that can be valuable for job opportunities, mentorship, and professional connections.
• Focus on Tech and Innovation: Many IIT MBA programs have a strong focus on technology and innovation, which can be especially appealing if you're interested in these areas.
• Comparatively Lower Fees: IITs generally have lower tuition fees compared to some of the top Indian Institutes of Management (IIMs).

Cons:

• Newer Programs: IITs' MBA programs are relatively new compared to established B-schools like IIMs. This may mean a less developed alumni network and brand recognition among recruiters.
• Limited Intake: IIT MBA programs often have smaller student intakes compared to IIMs. This can limit the diversity of your classmates and networking opportunities.

Many people are joining IIT this time, and there are no issues with the top IITs like IIT Bombay and IIT Delhi. However, some people are a bit worried about going to the lower-ranked ones like Roorkee, Kharagpur, Kanpur, etc.

IIT Bombay

IIT Bombay, founded in 1958, has established itself as a premier world class teaching and research institution in technology and interdisciplinary programmes. About twenty percent of its alumni are entrepreneurs- many of them first generation. The pre-eminence of the Institute is evident from its varied and effective academic programmes for manpower development to meet the rapidly changing needs of the Organizations.

Admission Procedure for Master of Business Administration Programme (MBA) 2024-26 Batch

Master of Business Administration is the two-year flagship programme of SJMSOM, IIT Bombay that seeks to develop managers for an integrated understanding of all business functions.

Eligible candidates, as per the Eligibility Criteria that are given below can apply online for admission to MBA programme (2024-26 batch) at SJMSOM, IIT Bombay

Minimum percentile cut-off score to be considered for shortlisting

Placements: 

IIT Bombay MBA placements seem promising with 38 companies recruiting on campus, and new companies 32%. The highest CTC offered stands at 4.40 LPA. The average CTC sits at 3.03 LPA, with a median of 3 LPA. 

IIT Delhi:

The Department of Management Studies is a result of the evolutionary process of growth of an idea floated in 1963. What was then a seed, gradually came to life and in 1974, IIT Delhi set up an internal committee to scrutinize the functioning of the management area in the institute.

Eligibility

•  The candidates having the following qualifications are eligible to apply for admission to the MBA programme
  •  Masters in Business Administration (MBA)
    •  A Bachelor’s Degree or equivalent awarded by any of the universities incorporated by an act of the central or state legislature in India or other educational institutions established by an act of Parliament or declared to be deemed as a University under Section 3 of the UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India. The bachelor’s degree or equivalent qualification obtained by the candidate must entail a minimum of three years of education after completing higher secondary schooling (10+2) or equivalent.
•  A minimum of 60% marks in aggregate (of all the years/semesters) or 6.00 CGPA on a 10 point scale or equivalent in the qualifying degree.
•  A relaxation of 5% in marks (i.e. min. 55%) or equivalent in CGPA (i.e. min. 5.50 on a 10-point scale) for the SC/ST/PwD candidates.
•  Candidates appearing for the final year of bachelor’s degree/equivalent qualification examination and those who have completed degree requirements and are awaiting results can also apply. If selected, such candidates will be allowed to join the programme provisionally, only if she/he submits a certificate by certain date.
•  Those having applied to IIT Delhi MBA programmes on qualifying the CAT 2023 will be shortlisted and then invited for a interview, which will be held at IIT Delhi.

Fee

•  MBA Admission Application Fee:
  •  MBA Admission Application processing fee is non-refundable.
•  Tution Fees for Indian Citizen:
  •  Rs. 12.00 Lacs for the entire MBA Full Time Programme payable in equal installments (4 Semesters)

Placements: 

The highest CTC offered stands at 4.04 LPA. The average CTC sits at 2.63 LPA, with a median of 2.70 LPA. Interestingly, the average CTC for women is even higher at 3.07 LPA.  

IIT Kharagpur

The Indian Institute of Technology Kharagpur (IIT KGP) is one of the most prestigious engineering and technology institutions in India. It was established in 1951 and is the first of the IITs to be founded. IIT KGP is known for its rigorous academics, world-class research, and strong alumni network.

Minimum Academic Eligibility Criteria for Admission to MBA

Candidates seeking admission to the MBA Programme should satisfy the following criteria:

1. A candidate must have any of the following:
1. A Bachelor's degree of minimum 4-year duration in engineering/technology/pharmacy

  OR

1. A Master's degree in Science/Economics/Commerce (with Mathematics or Statistics at Bachelor's level)

1. Minimum percentage of marks in the qualifying degree:
1. General/EWS/OBC: Minimum of 60% marks (or CGPA of 6.5 on a 10-point scale)
2. SC/ST/PWD: Minimum of 55% marks (or CGPA of 6.0 on a 10-point scale)

Please note that for both the above cases, if the CGPA is on a scale other than 10.0, the eligibility of the candidates will be calculated corresponding to the equivalence stated above.

1. Candidates appearing for the final year of their qualifying degree examination and those who have completed degree requirements but are awaiting results can also apply. However, if selected, the admission of such candidates to the program will be provisional. The provisionally admitted candidates must submit a certificate by May 31, 2024, from their university/college/institute stating that they have completed all the requirements for obtaining the bachelor's degree/master's degree, as applicable. The final marksheet/certificate of passing the qualifying degree is to be submitted by October 31, 2024 for verification.
2. Applicants must be in good health. In case of any discrepancy found in the certificate of medical fitness submitted during registration, the opinion of the Institute's Medical Officer will be final.
3. Candidates in the PWD category seeking admission to the MBA must appear before a medical board on or before October 31, 2024, at IIT Kharagpur. The decision of the Medical Board is final and will be binding on the candidate.

Placements:

The latest update from IIT Kharagpur is that the summer internship report has been released. The median stipend is 6.45 lakhs, and 45 companies came on campus for a batch of approximately 137 students. If each company is taking around three students, life is going to be good. The average stipend amount is 2 lakhs, and the highest stipend amount is 5.35 lakhs at IIT Kharagpur. This is specifically for the MBA program, with companies like Accenture, BCG, and D.E. Shaw participating. My assumption is that D.E. Shaw is one of the companies actively hiring from IIT Kharagpur.