IIM Udaipur at Rs 23 lakhs fees is a decent option for 93-97 percentilers who don't want to retake CAT but stretches ROI thin for anyone with better calls. The OP's honest view - "Decent option as such. Was facing a similar situation when I ended up joining Udaipur. Not regretting it as such" and "It has been okay. Nothing too great or too horrible." With Rs 23L fees and Rs 17 LPA average placement, the payback period is roughly 4 years if you graduate mid-batch. Top 20% cross 22-25 LPA finance/consulting offers (3-year payback), bottom 30% settle for 10-14 LPA IT/BFSI MT roles (6-year payback). ROI math comparison:
- IIM Indore (Rs 16.5L fees, Rs 25 LPA avg) - 2.8-year payback, significantly better,
- IIM Kozhikode (Rs 24L fees, Rs 28 LPA avg) - 3.3-year payback, better,
- FMS Delhi (Rs 2.43L fees, Rs 34 LPA avg) - 1-year payback, outstanding,
- New IIMs (Rs 14-16L fees, Rs 17 LPA avg) - 3-year payback, comparable to Udaipur. If your best call is Udaipur, take it over a third CAT attempt - the opportunity cost of dropping is Rs 15-18L in lost income plus emotional toll. If you cleared CAT 99.5+ and Udaipur is your only convert, retake next year or go GMAT + ISB route. For 3-attempt candidates who don't want more prep, Udaipur IIM tag is worth the 23L investment. The reality check: Udaipur alumni 3-5 years out earn Rs 20-35 LPA range in middle-management consulting, finance, and corporate strategy - career trajectory is not bad. Strict attendance, feels like school at times but good peer group and fest culture compensate. Check your eligibility at collvera.com/eligibility