Is IIM Rohtak IPM 2019 Batch Worth Joining?

IIM Rohtak's IPM (Intensive Programme in Management) has garnered significant attention, both positive and negative, over the years. Many aspirants are curious about the current status of the 2019 batch and whether it is worth joining. This article aims to provide a comprehensive overview of the admission statistics, course satisfaction, and career prospects of the IIM Rohtak IPM program, backed by the experiences of current students.

Overview of the 2019 Batch

According to recent reports, the IIM Rohtak IPM 2019 batch comprises around 150 students, including the writer. The program has faced various challenges in terms of student retention and satisfaction, which have been discussed in detail below.

Admission Statistics and Retention Issues

Originally, the 2019 batch was expected to have approximately 160 seats, but only 149 were filled, indicating a relatively low seating capacity compared to the initial plan. Notably, candidates who were not even waitlisted were eventually selected to achieve a respectable enrollment number. Following one semester, the figure has dropped to 142, largely due to resignations and terminations.

The low retention rate can be attributed to several factors. Many students have chosen to leave because they have invested a significant amount of money (Rs. 5 lakhs per student) and cannot afford to waste it. Others are waiting to take entrance exams in the next year, hoping to secure a better opportunity. However, it is important to note that the sentiment amongst current students is overwhelmingly negative; not a single student appears to be satisfied or happy with their experience at IIM Rohtak.

Is IIM Rohtak IPM a Sound Investment?

Considering the rising cost of education and the competitive job market, the decision to join IIM Rohtak's IPM program can be daunting. Many students and parents are hesitant about the program due to the high cost and uncertain outcome. A significant number of students opt for education loans, which can burden their financial future.

For those intending to join the IPM and subsequently seek employment, the situation may not be favorable. A job with a salary range of Rs. 6-7 lakhs per annum may not be sufficient to repay a loan of Rs. 30 lakhs. Moreover, even if students plan to exit the program after three years, the total expenses including tuition, additional courses, and other related expenses would amount to approximately Rs. 12.3 lakhs, bringing the total to around Rs. 15-18 lakhs over three years. Therefore, obtaining a loan to finance this education requirement can lead to substantial debt, with the interest rates compounding over time.

Alternatives and Advice

When evaluating whether to join the IIM Rohtak IPM program, potential students should carefully consider their long-term financial goals and the career prospects that the program offers. Here are a few points to ponder:

Financial Commitments: Calculate the total cost involved in completing the program and assess if the potential financial burden, including loans, will be manageable in the future. Employment Prospects: Research the industry trends and job market to understand the demand for graduates from the IIM Rohtak IPM program. A competitive salary package is crucial to recoup the costs. Alternative Programs: Explore other management programs, both domestic and international, which may offer a better value for money, and a higher likelihood of success in the job market.

In conclusion, while the IIM Rohtak IPM 2019 batch has presented certain challenges, aspiring students should weigh the financial implications, career opportunities, and personal satisfaction before making a decision. With careful consideration, students can make an informed choice that aligns with their long-term financial and professional goals.