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IIMA vs Panache Academy Vadodara

Fees, placements, ranking and admissions for Indian Institute of Management Ahmedabad and Panache Academy Vadodara, side by side.

Data last updated 11 Oct 2026

Side by side.

 IIMAPanache Academy Vadodara
Location
Ahmedabad, Gujarat
Vadodara, Gujarat
Type
Public
Private
Established
1961
2015
Approvals
Institute of National Importance (IIM Act 2017)
—
NIRF ranking
Rank amongst B-Schools in India by the NIRF since 2018
—
MBA total fee
₹25 L
2 year
₹1.60 L
2 year
Better here
Highest package
₹1.10 Cr (max earning potential)
Better here
₹6.00 LPA
Average package
₹35.50 LPA
—
Median salary (NIRF)
₹34.59 LPA
—
Entrance exams
CAT, XAT, CMAT
CAT, XAT, CMAT, MAT, GMAT
Courses offered
2
2
Facilities
A/C Classrooms, Hostel, Labs, Library
A/C Classrooms, Cafeteria, Hostel, Labs, Sports, Library

“Better here” marks only lower fees and higher reported packages. Packages are as reported by each college or NIRF and vary by year and specialisation.

In short…
  • Panache Academy Vadodara is cheaper for MBA, by about ₹23 L in total fees compared with IIMA.
  • IIMA reports the higher highest package (₹1.10 Cr (max earning potential)).
  • Both accept CAT, XAT, CMAT, so one exam score can get you into either.

Numbers alone don't decide it. Talk to someone who studied there before you choose.

About the two colleges.

Indian Institute of Management Ahmedabad

Established in 1961, IIM Ahmedabad or IIM-A is a public Business School located in Gujarat. The institute has been accorded the status of an ‘Institute of National Importance' by MHRD, Government of India. It has been ranked 1 by NIRF Rankings 2022 under the ‘Management’ category and is considered the best institute for Management education in India. It is autonomous in nature and one of the few…

Fees, cutoffs and reviews of IIMA

Panache Academy Vadodara

Panaché Academy is one of the leading Academy’s in the state of Gujarat for Aviation / Tourism / Hospitality. Panache is ISO 9001:2015 Certified & Accredited with Grade ‘A’ by CIAC as well as by Knowledge Consortium of Gujarat (KCG). Panaché Academy under the broad guidelines of UGC, plans, organizes , implements, monitors and evaluates various programmes for Teaching Faculty Members, …

Fees, cutoffs and reviews of Panache Academy Vadodara

Quick answers.

What is the MBA fee at IIMA and Panache Academy Vadodara?

IIMA: ₹25 L total. Panache Academy Vadodara: ₹1.60 L total. Fees are the total course fee from each college's latest data on MyCampusReview.

Which has better placements, IIMA or Panache Academy Vadodara?

IIMA reports a highest package of ₹1.10 Cr (max earning potential) and an average of ₹35.50 LPA. Panache Academy Vadodara reports ₹6.00 LPA. Packages vary by year and specialisation, so ask alumni about recent placements.

Which exams are accepted by both IIMA and Panache Academy Vadodara?

CAT, XAT, CMAT.

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