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Which is the best MBA college in Mumbai among: JBIMS, SPJIMR and NMIMS? Which college among these have highest ranking?
It is a close call between SPJIMR and JBIMS. NMIMS is not in the same league as these but it is a decent B-School and ranked among the top 30 in India. JBIMS has the highest rank. Indiatoday 2021 ranked the institute 12 for MBA.
JBIMS offers better ROI. Course fees for the institute are INR 6.05 Lakhs. While the average CTC for the institute is INR 27 LPA, according to JBIMS placements highlights of 2022. If you are interested in Finance, you should choose JBIMS.
If you are interested in Marketing and Ops, you should go for SP Jain.
If I join the MSc (Finance) Programme of JBIMS, then does it makes sense to pursue an MBA later?
Chances are that you have completed the MSc Finance program of JBIMS and yet are not very satisfied with the results and sure about your career prospects. I suggest you 2 ways to get out of this situation
- Start MBA right after M.Sc Finance: Doing this will stop you from going into a slump due to indecisiveness. I have seen quite a few students pursue MBA after MSc but mostly from the top B Schools like IIM Ahmedabad. But you should decide based on your own interests. For instance, if you are satisfied with the job you have got, then you don’t have to necessarily do an MBA. But if you think your career requires you to get an MBA degree go for it.
- PGPX MBA after 4-5 years: This is even suitable for someone who has done a full-time MBA and has not received satisfactory results or you have done MBA from a mediocre B School or you have done Master’s in another field like M.Sc Finance. You may realize after 4-5 years what you exactly want in your career and an International MBA might help achieve it. This will improve your profile and career prospects.
The other option is not to do an MBA and stay where you are. You might not be ready to spend 2 years again studying considering the opportunity cost of not working for two years. In case you see no major diff between the two programs, you can just give up pursuing MBA altogether.
How will a year gap after 2 years of work experience affect the chances of getting into JBIMS?
Any gap during your career needs to be justified adequately. The gap won’t affect your chances of getting a call as that is solely based on CET score, academic performance, extracurricular activities, and work experience. It is your personal interview that might face problems due to your gap.
The interviewer might assert that you can’t multitask or you don’t understand the importance of time as many students prepare while working. You need to note that the interviewer is not here to demotivate you or insult you. You need to give them a valid reason for your gap and if provided one, they might overlook it at once. The fact that you got a call and got shortlisted is enough justification for the gap.
Apart from your MBA preparation, they will inquire about the additional skills you acquired during that period. These may include any extracurricular activity, an internship, any specific skill or a new language you have learned, any freelancing or any course you got enrolled in. You can also be acquired about what you gained or learned from your gap period.
I don’t personally think a gap can limit your chances provided you offer a very convincing reason in the interview.
Which is better in terms of placement and brand value, JBIMS Mumbai or VGSOM IIT Kharagpur?
Both the colleges are reputed among students and offer decent ROI, a well-connected alumni network, and good placement opportunities.
Let’s have an overview for both the colleges one by one.
JBIMS:
- The average package offered went up to Rs.22.84 LPA in 2020 from Rs.20.13 LPA last year. The best package increased to Rs.34.36 LPA in 2020 from Rs.32.30 LPA last year. The median salary increased to Rs.22 LPA in 2020 from the previous year.
- The course fee for JBIMS is 7-1.52 lakhs.
- JBIMS accepts admission through CAT/MH-CET.
VGSoM:
- The average salary rose from Rs.15.50 LPA last year to Rs.23.20 LPA in 2020. The highest pay offered was Rs.20.50 LPA. The median salary increased from Rs.14.76 LPA last year to Rs.16.99 LPA in 2020.
- VGSoM charges around 10 lakhs for MBA.
- VGSoM takes admission based on CAT scores.
JBIMS Mumbai offers MIMS while VGSoM offers MBA. Both the institutes are good.
What percentile will I need in the CAT to get a call from JBIMS if I have 93/75/75 BSc maths and general category?
Candidates must keep in mind that to admit candidates in MMS courses, Jamnalal Bajaj Institute of Management Studies, Mumbai uses MAH CET, CAT, and CMAT scores. For all category candidates, those who secure ranks or marks as per the cutoff of JBIMS Mumbai are called for the common admission process (CAP).
The minimum scores one needs to get into JBIMS are mentioned below:
|
Category |
MAH CET Score |
CAT Score |
CMAT score |
|
General |
95 or < |
93 or < |
95 or < |
|
SC/ST/OBC |
90 or < |
75 or < |
75 or < |
|
PwD |
87 or < |
70 or < |
75 or < |
Are less than 60 btech graduates given admission in FMS Delhi,XLRI.XIM and JBIMS Mumbai?
FMS Delhi, XLRI, XIMB, and JBIMS are all highly regarded B-schools in India that offer postgraduate management programs. As these programs are PG courses so they require candidates to have a bachelor's degree from a recognized university.
The number of seats and admission criteria for these programs may vary from year to year and depend on factors such as the number of applicants, the performance of the applicants in entrance exams, and the selection process of each institution. Below is a table of batch sizes of all these colleges;
|
Institution |
Program |
Approximate Batch Size |
|
FMS Delhi |
MBA |
200 |
|
XLRI |
PGDM |
360 |
|
XIMB |
MBA |
360 |
|
JBIMS Mumbai |
MMS |
120 |
Although all these institutes try to keep the batch as diverse as possible still the ratio of B.Tech and non-B.Tech is highly skewed towards B.Tech. So, it is unlikely that less than 60 B.Tech graduates are admitted to these institutions. These institutions typically have a rigorous selection process, and the number of seats available is usually limited.
However, the exact number of B.Tech graduates admitted to these institutions may vary depending on the specific program and admission cycle.
How many seats does JBIMS have through the CET for domiciles?
JBIMS is located in Mumbai, India, and offers admission to its Master of Management Studies (MMS) program through the Maharashtra Common Entrance Test (CET) for domiciles of Maharashtra.
The number of seats available at JBIMS through the CET for domiciles may vary from year to year depending on the decisions of the regulatory authorities.
In general, JBIMS offers around 156 seats where 120 seats are offered under the Maharastra state category, 18 seats are offered in the All-India Category, and the rest of the seats are offered in NRI and foreign nationals categories. Admission in the All-India category is given on the basis of CAT and CMAT Score also need to appear for the MAH-CET and participate in the CAP process, conducted by DTE Maharashtra for its MMS program through the CET for domiciles.
How do companies shortlist students for JBIMS for summer internships even before the results for the first semester are not yet declared?
The selection process for a company is typically comprised of several steps. First, you will express your interest in the company through a google form or similar mechanism. The company will then release its initial shortlists. The next step is a group or case discussion of the shortlisted students. Finally, the interview process will take place, which may consist of one or two rounds, for those who clear the group/case discussion round(s).
The shortlisting process is based on the batch profile that is shared with recruiters. Companies usually have a shortlisting criterion, such as a minimum percentage in academics or a certain amount of work experience, which they use to create their shortlist. It is important to note that academic projects are typically completed in the first 1-2 months of joining a company, and these projects are added to the CVs of all students. However, HRs do not have enough time to go through individual profiles while creating the initial shortlist, so they rely on evidence such as academics and work experience.
Why is the infrastructure of JBIMS so poor despite such famous alumni?
You will experience significant improvements in the facilities at JBIMS compared to before. The difference between the old and new classrooms can be seen with the newly built rooms, which were sponsored by alumni. However, being a part of the University of Mumbai, making major changes to the infrastructure took a lot of time and required permission from various departments.
Campus life at JBIMS has been filled with challenges and tests of your ability. It is not like regular college life and the rigor of B-school life at JBIMS is on par with what you would expect at the IIMs.
What is the difference if I choose FMS (Delhi), JBIMS (Mumbai) or SJSOM-IIT Bombay over IIM-B, SPJIMR and other such institutes that charge hefty for MBA courses?
Choosing a B-school can be a tricky decision especially when it comes to ROI. I understand that ROI is one of the most important factors when it comes to MBA courses since funding your education with loans come with its own set of challenges. But the institutes that you have mentioned above certainly surpass the challenges since they belong to the tier 1 category.
You might come across articles and blogs stating that FMS or JBIMS do not provide a typical MBA environment but for me, that discussion does not even make sense. What is an MBA environment after all? You spent 2 years of your life at the campus and wish to land a good job. FMS, JBIMS, and IIT Bombay all three have good market reputations, they home the best candidates and charge minimal fees. So, if ROI is even a little bit of a concern for you, go for these colleges without any second thought or regret.
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