Leaving a current paying job for IIM Bangalore makes sense only if you want genuine career change (tech to PM/consulting), not for salary hike alone. The OP's advice - "If you are just looking for a salary hike to come to IIM's then my suggestion would be don't. But, if you want to learn and genuinely change your career path, it's worth taking a risk at A & B. This year the scenario is bad due to global markets. Every time it might not be same." ROI math for leaving tech job for IIM B (Rs 26.2L fees, Rs 34.88 LPA avg):
- Current CTC at 3 years tech experience: Rs 18-28 LPA typical, 2) 2-year MBA opportunity cost: Rs 36-56 LPA lost earnings + Rs 26.2L fees = Rs 62-82L investment,
- Post-IIM B exit CTC for tech PM/strategy: Rs 28-45 LPA,
- Delta over current trajectory: Rs 10-17 LPA improvement,
- Payback period: 4-7 years to recover total investment. For career pivot vs salary hike scenarios:
- Tech engineer who wants to be PM at Amazon/Flipkart/Swiggy: MBA makes sense despite ROI challenges - direct PM roles unavailable without MBA,
- Tech engineer satisfied with engineering but wants more money: skip MBA, switch to FAANG senior engineer roles at Rs 35-50 LPA,
- Tech consultant wanting to move to management consulting: MBA from IIM ABC helpful,
- Tech professional wanting entrepreneurship exposure + network: IIM B is great for that specifically. 2023-24 MBA market context:
- Global tech slowdown reduced PM hiring significantly,
- Consulting offers down 15-20% vs 2021-22 peak,
- Startup jobs reduced due to funding winter,
- Top of MBA placements still strong but pressure on mid-tier jobs. OP's observation - "This year the scenario is bad due to global markets. Every time it might not be same" shows placement cycle timing matters. Aspirants should factor market conditions when timing MBA entry. IIM B student (OP): experience - "I didn't find it rigorous at IIM Bangalore though. People do get sufficient sleep if their priorities are set straight. The teaching pedagogy is combination of both the cases and theory too." Academic load manageable, not oppressive. PGPBA (Business Analytics program) vs PGP: OP said "PGPBA in IIMB is definitely better over flagship program in newer IIMs (Only newer IIM's)." PGPBA advantages: specialized analytics curriculum, smaller batch, premium analytics placements at BCG Gamma, Amazon Analytics, Flipkart Data Science. For tech professionals, PGPBA + IIM B is excellent fit. Decision framework for leaving tech job:
- Write down 5-year career vision without MBA vs with MBA,
- Calculate financial investment + risk,
- Consider family/life stage factors,
- If pivot necessary, IIM ABC is justifiable; for salary only, skip or consider ISB PGP (1 year) for faster payback. Check your eligibility at collvera.com/eligibility