i am frm IIM and like to clarify few tigs...... 80% students of IIM are fresh from college......the course is for entry level managers.....brand gives you lateral placements....
two....banks give loans without collateral these days for IIM students.....so you dont have to have assets to get these loans......
and there is alumni fund for soft loans...who cannot get bank loans.....
as for international standards......apart from infrastructure...yes i do also not see anythin international standards......
and yes its a dilemma...becuz the vision and objective for IIM is to create international standard managers for indian market....