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Best Rural Management Program: IRMA vs XIMB vs Institute of Rural Management, Jaipur

by IBNS 22 Nov 2017, 01:52 pm

It is a known fact that our countrys economy is dependent on Agriculture industry. The government is constantly working towards the development of rural areas, as majority of our population resides in these areas. Therefore it is the need of the hour to have a thorough knowledge of this area and its industries. Rural Management is one such field that gives us an insight about this part of our country. It is one of the most emerging fields in our country, where students are looking for an opportunity to pursue their careers in.

Higher studies in Rural Management gives you an insight about the working and managing the projects that can contribute in progress and development of such areas. It trains you to plan and manage in such a manner that every resource is utilized to its maximum potential.  

In this article, we are discussing the renowned colleges that offer this course and which one gives you the most valuable degree.

Everything you should know aboutIRMA

Institute of Rural Management Anand(IRMA)is one of the best institutions which offer the course for Rural Management. IRMAhas been acting as a center of excellence since its inception and it has been ranked as 29^th according to NIRF. This is due to the fact that this institution has brought a professional approach to the complicated background of Rural Management. The founders believed that a sector like rural management is difficult to deal with and only trained professionals can be able to handle it to ensure success in related aspects.

IRMAmainly provides two courses namely Post-Graduate Programme in Rural Management as well as Fellow Programme in Rural Management. Apart from this, other subsidiary courses are being offered to the students. According to resources, the educational experience which IRMA provides to its students is incredible and magnificent due to the fact that IRMA allows its students to have a fine blend of theoretical knowledge as well as practical knowledge. If we consider the placement records, it is a proof of the fact that IRMAis an institute which instigates interest of one regarding a brighter career in Rural Management.

Everything you should know about XIMB:

Everyone is aware of the popular, indigenous XIMB group of academic institutions. This is also a fact that XIMB provides a very famous Rural Management Course, which aims at providing all the necessary knowledge which is required by any individual to ensure progress in the rural sector of India. The education is being provided in such a way that the students tend to innovate and assure that this restricted sector moves towards exponential growth.

XIMB ensures that the basic management skills are incorporated into the sector of rural management. After the initial period of classroom learning, the students are given a chance to experience the practical constraints in the rural sector of India. If we consider the placement profile of XIMB, the institution has shown its excellent placement records throughout the years.

Institute of Rural Management, Jaipur

As we all know, the Institute of Rural Management which is situated in Jaipur, is one of the best Management institutions which ensure quality provision of rural management as a course. This institute is affiliated to AICTE, the Government of India and it is well recognized with a proper grade and in the Rajasthan belt, it is a very famous institution.

The institution provides Post Graduate Diploma in Rural Management and according to the record of placements of the previous years, the students have been placed with high salary packages and satisfactory job opportunities. Apart from this, the campus is a well-maintained one with several facilities such as Wi-Fi, proper laboratories, libraries and much more.

Growing scope of Rural Management in India:

For any individual, it is difficult to analyze the ground realities which prevail in the rural sector of India. Previously, only a few people opted for this challenging course but nowadays, a lot of students are opting for this course of rural management as they want to learn and showcase their skills to ensure that the performance in the rural sector is enhanced.

The rural sector of India is almost the 70% of the whole population and apart from that, this particular sector contributes even more than half of the country’s Gross Domestic Product(GDP). So, it is recommendable that expert professionals are employed in this field. The curriculum related to rural management ensures that each and every student is able to understand the key features prevailing in the rural market, their patterns and how to execute operations within them.

Recently, the spectacular attempt which aims at Digitizing India especially focuses on the development of the rural sector as a whole. This is why several MOUs have been signed between the government and other organizations so that these organizations can reach the deeper parts of India.

The scope of opportunities in rural management is increasing day by day as organizations such as Aditya Birla Group of Organizations, Tata Steel, Flipkart, Snapdeal, Paytm and much more contributing their best as well to make a Digital India.

Jobs one can expect after pursuing a degree in Rural Management:

Since 67% of the companies are planning to expand its form into the rural market, one can experience a number of job opportunities after pursuing a degree in rural management. Some common recruiters are named below:

1) National NGOs such as SEWA, CARE, PRADHAN etc.

2) International NGOs such as Bill and Melinda Gates Foundation etc.

Apart from these, the common recruiters are Aditya Birla Group of Organizations, Vedanta Resources, Tata Steel, Tata Motors, Jindal Steel and Power Limited, Mahindra and Mahindra as well as the Hero Group of organizations. In terms of CSR as well as other sectors such as Micro-finance, Manufacturing, Agri-business and much more, an individual with a proper degree with rural management has a brighter future.

Who is the best?

Earlier we discussed the three popular institutes providing rural management as an academic program. A comparative analysis of these three institutions is done below to ensure that the candidates applying get a proper opinion about them and make the decision properly:    

1) Approval and Recognition:

According to resources, IRMAhas been receiving felicitations from various resources and it has been ranked as 29^th by NIRF which takes this institute to an honorable position. On the other hand, XIMB has been ranked in 2015 as the Super League 2 in the Indian Management Best Business School Survey. It has received awards such as Bharat Excellence Award, RashtriyaRatan award etc due to its excellence in providing education. IRM Jaipur is also ranked within top 15 business schools in India which proves the level of versatility it delivers to its students.

2) Courses provided:

IRMAprovides two major courses namely Post-Graduate Programme in Rural Management and Fellow Programme in Rural Management. On the other hand, XIMB provides courses in Rural Business Development and Marketing, Rural Finance as well as Development and Social Entrepreneurship. IRM Jaipur provides Post-graduate Diploma in Management-Rural Management with specializations available in Agri-Business Management and Rural Banking and Finance Management.   

3) Fees and admission criteria:

The basic admission criteria require 50% aggregate marks as well as a proper Bachelor’s degree. If we consider IRM Jaipur, the fee structure for the same is more than 4lakhs. While considering IRMA, their fee structure is around 8lakhs and in case of XIMB, the fee structure is around 11lakhs.

4) Placement record:

IRMA is ranked as a good institution in terms of its placement records. With maximum pre-placement offers provided to the students, this institute has witnessed almost 100% placement where the salary package varies from 3lakhs to as much as 27lakhs in 2016.

If we consider XIMB, in 2017 almost 30 recruiters came to this institution and recruited a bulk of students by offering them high salary packages ranging from 7lakhs to 11lakhs.

In case of IRM Jaipur, a wide range of companies visit this institution and they have been recruiting a talented set of students, offering them high salary package which usually ranges from 3lakhs to even 7lakhs per annum.

It is difficult to determine the best one among the three because the academic performances change each and every year and to some extent, whether a person will excel or not, depends on him or her. But when one is investing a sum of money for the purpose of education, he or she needs to analyze which institution provides him or her the best opportunities as a return of investment. From this point of view, IRMAprovides better opportunities if we consider the courses and the facilities provided to the fellow students. One aiming at a lower budget can definitely go for IRM Jaipur as it provides good experience within a lower fee rate. As we all know, XIMB is famous for delivering its promises to the students, as it demands high fees it does provide wonderful job opportunities as well.