What are the consideration that people take for leaving IIM L for FMS ?
If one leaves the fees factor i think one would blindly choose L , IIM brand , better infrastructure etc , i am really surprised to see people choosing FMS over L , when in college i had not even heard much of FMS , i had written only CAT then, surprised to see so many people choosing it !!
If you'd read this thread carefully, you'd find that there are a couple of people who have left IIM ABC for FMS. There have been people who have done it for years.
The point is that there are several advantages of FMS over IIM L. And there are several advantages of IIM L over FMS as well. To each his own.
To illustrate a few points, FMS is almost 60 years old. Which means it has close to 60 batches out there, and people at the top of corporate and public life, as illustrious, if not more than ABC. The FMS brand is as big, if not bigger than IIM L in the industry, and if will take you as far as you can hope to go with any other degree from any school in India, so long as you prove yourself worthy of it. So what friends and family think should be the last consideration.
Another prime advantage is that you live in Delhi for 2 years, in DU, and you have a fantastic life. Acedemically less rigurous than IIM L, and as good(or better in certain disciplines) opportunities. Add to that the small batch size, more bonding, much less competition for the same number of coveted jobs. Go through the FMS placement reports and you'l know. The average salary is in excess of 16 lakhs
And ofcourse, the fees. Weigh paying 30k a month for 7 years as loan, v/s, paying no loan
FMS Delhi || CAT 2011: 99.65%ile || CAT 2010: 99.66%ile