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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.
I am kind of an introvert. Is my life going to be tough at IIM Bangalore?
- Group Projects: Group projects are required in 90% of IIMB courses and account for a significant portion of the grade. This would be carried over into your professional career. The course will gradually acquaint you with collaborative methods and prepare you for the future. And group projects are about more than just work. It's thrilling.
- Clubs and Societies: You will be a part of groups that plan events and put on successful festivals. Even if you are not a member of a club, you can gain experience by volunteering at events.
- Case Study: Most of the subjects here are taught using a case study method, which requires you to discuss in groups to get multiple people's perspectives on each case. Believe me, case studies work best in groups, and the interactions can teach you a lot about different points of view.
Which is the best, IIM Kozhikode or IIMB?
IIM Bangalore and IIM Kozhikode both are premier business schools in India. A good overall profile and high CAT percentile are mandatory to get into both IIMs. Both of them rank high in the B-school rankings and offer great placements and career opportunities to students. The rigorous life of students at top IIMs prepares students to be leaders of tomorrow.
The table below gives a comparison of both the colleges.
|
Criteria |
IIM Bangalore |
IIM Kozhikode |
|
Ranking |
#2 in NIRF 2021 |
#6 in NIRF 2021 |
|
Average CTC Offered (PGP) |
INR 26.18 LPA |
INR 23.08 LPA |
|
Top Recruiters |
Accenture, BCG, Amazon, Goldman Sachs, Microsoft, McKinsey & Company |
Amazon, Deloitte, EY, JP Morgan Chase, KPMG, PwC |
|
Notable Alumni |
Nandan Nilekani, Kiran Mazumdar Shaw, Mohandas Pai, Harsha Bhogle |
Aparna Popat, Rajeev Chandrasekhar, Anand Mahindra |
Both are good but IIM Bangalore is better than IIM Kozhikode in terms of ranking, placement, alumni network etc.
My son got IIM, but he wants to achieve Allahabad or Bangalore so he want to prepare another more year. Is it a correct decision?
It is not a wise decision to waste another year preparing for IIM Allahabad or Bangalore because the profiles of students in the top 10 colleges in India are very similar. It is better to have a strong profile and work one's way up to the top management roles in the industry.
It is more important to focus on your profile and career growth rather than the college's brand value. It is not worth risking another year to secure admission to a particular college, especially when there is no guarantee of success.
You can get into a top 30 college and do decently, but I know of people from non-IIM colleges who are in top management roles in investment banking and top tech companies. Your success is not solely determined by the college's brand value.
You should not waste time and energy chasing a college's brand value and it is essential to focus on building a good profile and working towards one's career goals. An example is Indra Nooyi, who came from XLRI, which emphasizes that success is not determined by the college's brand value.
MBA from good USA UC univ or IIM Bangalore? Which will help me achieve my aspirations
- You intend to remain in India.
- IIMs may not be comparable to H/W/S, but they offer better value than UC Davis.
- At the top IIMs, you will have opportunities for networking as well as career service.
- Nowadays, Indian business schools encourage entrepreneurship. So, while you're there, you might be able to conceive and even prototype your business idea.
Is it worth doing an E MBA from IIM Bangalore? I work as SSE. I make around 50 lakhs per annum, age 32 and I have a B Com.
If you measure the worth of a degree by its salary, you will never be satisfied, and I recommend that you do not pursue an MBA. Money is only one of many factors to consider before beginning an MBA program. The salary you have is something that most people do not get even after an MBA/Executive MBA; average salary packages range between Rs. 22 and Rs. 25 lakhs. You are already earning twice as much.
If you want to advance your knowledge of business/strategy/finance/organizational behavior and advance to a higher position where you can have a significant impact, an MBA is unquestionably a good option. However, there is no guarantee that you will earn more than 50 lakhs after completing your EMBA. Go for it if you want to learn and are willing to take a pay cut after your MBA. Don't do it if you're only in it for the money. You could invest in the stock market and watch your money double over time. MBA does not magically transform 50 lakhs into 1 crore.
Will IIM Bangalore still survive if Bangalore ceases to be a liveable city as suggested by numerous reports? Should I prefer IIM Kozhikode over it, as the future of Bangalore looks bleak?
Don’t choose the institute based on the city. As you will barely get to go out of the campus because of the academic loads in both the colleges.
IIM Bangalore offers the best student exchange programs. This college has helped a lot of students in building their careers. Most of the alumni of IIM Bangalore are settled abroad. So, it is definitely a good option for your studies. Also, it will take over 10 years for Bangalore to be completely unlivable. So, you don’t need to worry about that for the duration of your course.
However, if you want a pollution-free campus then IIM Kozhikode will be a better choice for you. The hostel rooms of this college are very good along with food. You will find a lot of learning opportunities over there.
Choose according to your convenience and don’t take City as a major parameter for your decision.
How is life at SPJIMR compared to the old IIMs?
When compared to the top IIMs, SPJIMR is a rather moderately good B School. Yet the placements and roles offered by the B School are at par with that of IIMs. The major USP of the B School is its profile-based evaluation. This means a certain candidate can make it into SPJIMR even if he was unable to get a high CAT or XAT score of 98-99 percentile provided that his profile is excellent. With the required skills, qualities, and a decent academic record you could get admission and meet not necessarily get a very high CAT score. This gives a wider spectrum for students to showcase their skills other than academics. There are some more key points where SPJIMR fares rather well when compared to IIMs or other B Schools.
Fees: The primary factor that distinguishes SPJIMR from the top B Schools is the moderate fees. SPJIMR PGDM fees for 2 years is ?20.42 Lakhs (Total Fees) while that of top IIMs is above 20 lakhs.
Placements: The entire placement drive is concluded quite fast and is at par with the top IIMs. SPJIMR Completes Final Placements 2023 with 46% Rise in Highest Salary at Rs. 77.8 LPA and 3% Rise in Average Salary at Rs. 33.02 LPA; Accenture, BCG, HUL, Godrej, ITC, KPMG, P&G being the major recruiters.
Batch size: This is an often underestimated aspect when in reality it affects both, placements and the quality of education. SPJIMR batch size is around 300 while that of most IIMs is 350-500. The low batch size results in better bonding between peers and close relations with the faculty.
Location: Located in the Finance capital of India, SPJIMR offers a plethora of advantages. Easy access to CXOs and practitioners gives the learning experience at SPJIMR a practical approach.
Curriculum: The curriculum is unique in the sense that it targets not just the student's IQ but also EQ and creates socially and emotionally aware managers. This unique course curriculum at SPJIMR offers three distinct levels of learning:
- Self-awareness
- Self-management
- Societal awareness
Pedagogy: Apart from the regular courses and teaching methodology employed at other premier B Schools, SPJIMR takes five key initiatives in the ‘Non-Classroom Learning’ area which include ADMAP, DOCC, Abhyudaya, PG Lab, and Science of Spirituality.
All these unique aspects make life at SPJIMR a very good experience compared to old IIMs.
Why are IIMs more popular than ISB Hyderabad among Indian households?
There are many major reasons why ISB Hyderabad is not as popular as IIMs among Indian households. Some of them include
- ISB Hyderabad is a private non-AICTE affiliated institute that functions under a totally different model.
- Owing to its hefty fees(around 30+ Lakhs), it's almost inaccessible to an average Indian.
- The batch size is huge becoming a major obstacle during placements
- The 1-year program fails to provide in-depth exposure and is just a source of Certificates and a brand tag.
- It does not provide International placements to the majority of students who do not belong to the elite class.
All these reasons are strong enough to persuade one against joining ISB Hyderabad and is thus not much popular among Indian households.
The reason why IIMs are popular in contrast to ISB Hyderabad are
- Provided jobs similar in nature to the ones provided by ISB Hyderabad at a much lower fees.
- The 2 year MBA program provides an in-depth exposure to the curriculum in contrast to the 1 year program at ISB Hyderabad
So all this makes IIMs much popular in India despite ISB Hyderabad global rankings.
How academically intense is the MBA at IIM Bangalore?
The first year is extremely challenging because you will be studying subjects that you have never studied before. Accounting would be required for an engineering graduate, and statistics would be required for a commerce graduate. This, along with other activities, constant submissions, and class tests, makes the first year academically demanding.
In the second year, students have the option of selecting their own subjects, so they can take courses that are less rigorous academically than others. There is an exchange term in the second year as well, and for students who choose to participate in an exchange program, this is the least academically demanding term of the entire program.
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