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How do I get a loan for a XLRI study?
Nowadays you can easily get a loan to finance your studies at XLRI, one of India's premier management institutions. The process involves several steps and considerations which are mentioned below.
- Find Lenders: Presently, all banks provide "Scholar Loans" to esteemed colleges like XLRI. This has a greater maximum and requires less paperwork. Also, no collateral is required. You may obtain a loan in any location, but obtaining one in Jamshedpur will allow you to pay future installments more quickly.
- Compile Documentation: Prepare the relevant paperwork that the lender will need. This normally consists of XLRI admittance confirmation, loan application form, educational certificates, parent income documentation, proof of identity and address, and photos.
- Loan Application: Fill out the loan application form provided by the bank. Ensure that you provide accurate and complete information.
- Co-Applicant: Some banks could demand the inclusion of a co-applicant on the loan application, who is typically a parent or legal guardian. If you are unable to pay back the loan, they will be in charge of doing so.
- Collateral: You can be required to offer collateral or security for the loan, depending on the loan size and the lender. Property, fixed deposits, or other assets could be used to demonstrate this.
- Loan Repayment Terms: Understand the conditions of loan payments, including the grace period following graduation and the loan duration. Make sure the conditions fit your ability to pay.
- Loan Approval: The bank will assess your eligibility and supporting evidence after you've submitted the application and necessary paperwork. They will offer a loan sanction letter if they are accepted.
- Disbursement: The bank will transfer the loan money to the institute to pay your fees and costs as soon as XLRI verifies your registration.
- Repayment: You normally have a grace period once your studies are finished before you start paying back the loan. Observe the agreed-upon repayment plan and make regular payments.
By the end of this, you will have a comprehensive understanding of how to initiate and complete the loan application process, allowing you to focus on your studies and future career prospects at XLRI without financial constraints.
Should I choose NMIMS core or XLRI HR?
Both the private colleges give good placements to their students and they also provide good infrastructure. If a choice has to be made between the two colleges, one can look at the information given below.
HR IN NMIMS:
NMIMS is ranked 4th by the outlook in the year 2020 under private management colleges. The college is AICTE approved and the total fees of the course are 20.84 Lakhs (2 years).
Admissions:
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Students in order to secure a seat in the college need to apply for the NMIMS management aptitude test, which is conducted by GMAC.
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The candidates should apply for the GMAT exam and should secure at least 50% marks from any recognized UG university.
Faculty:
The faculties in the college NMIMS are well qualified and have years of experience in teaching.
Placements:
Almost every student in the college was placed.
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The average salary which was offered in 2019 was Rs 13 LPA and the highest package offered was Rs 22 LPA.
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The top companies which visited the campus were Barclays Bank, Centrum, CITI Bank, Credit Suisse, CRISIL, DBS Bank, DHL Express, FedEx Express, Google, HCL, HP, etc.
XLRI Xavier School of Management, Jamshedpur:
The college was ranked 1st by the outlook in private colleges for the year 2020. It is a top-notch private college that offers 32 courses across five streams. The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM. The college also offers one-year online, VIL programs.
Admissions:
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To get into this college for PGDM programs, the college accepts XAT and GMAT marks.
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The shortlisted candidates are selected and called for the final rounds for admissions. The end of the round consists of group discussion and personal interview.
Faculty:
The professors who are present in the college are well versed in their area of specialization and have Ph.D. degrees.
Placements:
The placements of the college are one of the best in the country.
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100% placement was recorded in the year 2020 for the PGDM course.
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The highest salary went up to Rs 50 LPA and the lowest salary offered was Rs 21 LPA.
Therefore, one can choose a college based on the information given above.
Is XLRI, Jamshedpur to the B-schools, what BITS, Pilani is to the engineering colleges in India?
XLRI, Jamshedpur, and BITS Pilani are both highly recognized in their fields, but XLRI is not to B-schools what BITS Pilani is to engineering universities in India.
XLRI frequently ranks among India's top MBA programs. It emphasizes ethics and social responsibility and has a strong curriculum, faculty, and alumni network. XLRI's management programs include the two-year full-time PGDM and executive programs in various specializations.
BITS Pilani, a well-known Indian private engineering college, offers undergraduate, postgraduate, and doctorate programs in engineering, science, technology, and management. Academics, research, and placements are BITS Pilani's strengths. One of the few Indian universities with a wholly residential campus, it is also appealing.
XLRI and BITS Pilani are reputable institutions with diverse focus and services. BITS Pilani offers more scientific, technology, and management programs than XLRI, which concentrates on management. XLRI has fewer students than BITS Pilani, which might make learning more personalized and intensive.
What are the chances of a fresher to get selected in FMS, XLRI, MDI with less than 60% in 12th?
It will be difficult to get into colleges such as FMS, XLRI, and MDI with less than 60% in 12th. But it’s achievable. FMS assigns 10% weight to 10+2 scores. So, if you manage to score around the 99.5 percentile in CAT, you will have a chance of getting shortlisted. You need to perform well in the GD-PI round as well. XLRI and MDI assign 15% weight to past academics and work experience.
So, try to work on your profile by adding extra-curricular activities. Also, prepare well for entrance tests and the GD-PI round.
How would you rank the following business schools, ISB, IIM A, B, C, L, XLRI, FMS, and SPJIMR?
All the aforementioned colleges are among the best B Schools in India so the choice between them depends on your preference and future prospects. You need to determine what exactly you want from the program and where your career currently is.
In general, ISB is for people who have better industry experience, good leadership skills and decent academics. The other B Schools focus more on excellent academics throughout your career.
The ranking of these institutes in my opinion is ISB, IIM-A, B, C>IIM-L, FMS, XLRI,>SPJIMR
The above preference order is based on a number of factors like career progression, college market value perception, quality of faculty, quality of students, academic learning, quality of recruiters and infrastructure.
What should I choose between IIM Ahmedabad PGP-FABM and XLRI Jamshedpur HRM provided that I am an agricultural engineering student?
IIM Ahmedabad's PGP-FABM program is the perfect fit for you if you choose Agricultural Engineering out of real desire.
There are various reasons to choose IIM Ahmedabad's PGP-FABM program. They are as follows-
- Financial Times lists the PGP-FABM program at IIM-A as one of the top 5 courses worldwide.
- International tie-ups with European Business School, University of Cologne, ESSEC Business School, France
- It offers an average placement rate of over 70%. Last year's highest CTC on offer was INR 33.83 LPA and an average salary of INR 21.49 LPA.
- Develop the participants' leadership skills and instill in them a dedication to morality, ethics, and community service.
- KPMG, PwC, Grant Thornton, P&G, Reckitt, Nestle, Olam International, and Cavin Kare visit the In conclusion, choosing IIM Ahmedabad can open doors to a world-class education, unparalleled networking opportunities, and a dynamic environment that aligns with your career aspirations and personal growth. campus for placement jobs.
What should I choose between IIM Ahmedabad PGP-FABM and XLRI Jamshedpur HRM provided that I am an agricultural engineering student?
I assume that you have both options IIM Ahmedabad PGP-FABM and XLRI HRM. If that is the case, then you should make a well-informed decision based on your personal inclinations.
If you had taken Agricultural Engineering because you were genuinely interested in it, then IIM Ahmedabad, PGP-FABM is the best choice for you.
However, if you had to take Agricultural Engineering because that was the last option you had, then it makes no sense to continue with it. In that case, XLRI HRM is the best option for you. This is because the job opportunities after FABM, are scarce, and you. HRM will fetch you office jobs.
Brand-wise both institutes are similar with IIMA having the upper hand. Placements-wise, HRM is better unless you have an interest in Agricultural Engineering.
Will I be eligible for an MBA in A grade B schools like IIMs XLRI, NMIMS, JBIMS, etc., with scores of 90.6 in the 10th standard and 70 in the 12th standard?
As a candidate with a lower academic performance in the past, you are eligible for most of the business schools, except for a few, such as the Indian Institutes of Management in Ahmedabad, Bangalore, Calcutta, and Lucknow, which place a greater emphasis on previous academic records. However, XLRI is good news for you, as it does not consider your previous academics when shortlisting candidates. Additionally, SPJain may consider extending you a profile-based admission offer if your CAT score is at least 85 or higher and you have something unique in your profile. Other top business schools, such as NITIE Mumbai, MDI, and NMIMS, are easily within reach for you.
It is recommended that you focus on making the most of your current educational journey and not let your past academic performance impact your future opportunities. Aim to prepare well for the CAT exam, aiming for a top score, and accumulate as many quality resume points as possible to develop a unique and impressive profile for yourself. However, do not forget to live the life of an engineer, taking full advantage of your education. If you gain at least 2 years of work experience, you may consider taking the GMAT and applying to the Indian School of Business, which may consider extending you an admission offer.
How much will a low grad score affect summer and final placements in NITIE (PGDIM), SJMSOM IIT B, and XLRI BM?
My cousin is an alumnus of NITIE and has spent two years in the institute as a student. His opinion is based on professional experience and may not be true for summer and final placements at SJMSOM and XLRI.
- Companies consider students with good grades as an equivalent proxy to dedication at the workplace, and the ability of the students to analyze critically and intensively.
- The merit required for the consideration is open to question and/or debate. Marks obtained in high school and graduation usually serve as filter criteria for filtering out worthy students from hundreds of them.
- Experience in work in domain and years or the lack of it and the college you completed your undergraduate degree from matter in a few cases.
- It is wrong to say that one of these matters will nullify and get you a place in the shortlist for the subsequent selection rounds.
A counter-argument can turn up claiming that the companies do not look at the scores. It is up to the students concerned to follow this notion.
What are the prospects of pursuing an MBA in Marketing from IIMs, JBIMS, XLRI, MICA, or SIBM, with poor academics, and how can one compensate for the same?
Your poor academic record can be a major hindrance, especially in summer placements because the companies know you haven’t done anything major yet in the B School. So I will suggest you some tips that might help you compensate for your low 12th class marks and get you a good internship offer
- Enroll in an online course as this might be a major topic of discussion in the interview. It should preferably be an advanced version of your current course or a unique course.
- Get involved in volunteer work at NGOs. This will not only prove to be beneficial during your interview but also will help you become a part of social service committees on campus.
- Master a new language preferably French, Mandarin or Spanish as this may increase your chances of getting International placement or foreign exchange.
- Look for internships that offer practical knowledge for a short period of time.
As far as the Final Placements are concerned, you will have to improve your profile to attract the best recruiters. Some tips to improve your general profile are
- Rather than focusing on your past academics, focus on the new phase of your life and give your best
- Go for courses that offer live projects as recruiters highly prefer such exposure. Sometimes even the on-campus committees offer such live projects. Many times the winners of such projects get amazing PPOs or cash prizes.
- Joining a good on-campus committee is beneficial not only in maintaining a good campus life but also improving your overall profile. You get amazing exposure by interacting with industry professionals in the corporate world during events and conferences.
- If you are skilled at writing, do the same for business magazines or websites.
All this will help you make the most out of your MBA experience and also improve your profile enough to attract the best placement offers. The only key is to work hard relentlessly.
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