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Which one would be the better option betwen JBIMS and XLRI for finance?

RG
Rajashree Ghosh Posted On : October 30th, 2020
Studied at Xavier School of Management (2016)

Jamnalal Bajaj Institute of Management Studies or JBIMS is situated in Mumbai, Maharashtra, and Xavier Labour Relations Institute or XLRI is located at Jamshedpur, Jharkhand. For the year 2020, XLRI was ranked 9th by NIRF in the Management category. JBIMS has been ranked 7th by Business today. 

Admission

JBIMS:

  • MMS - Students must have passed graduation with 50% along with MAH CET score. The fee structure for the course is INR 49,980.
  • M.Sc Finance - Passed graduation with min. 50% in mathematics at HSC/Degree. The fee structure for 1st-year is INR 3.40 Lakhs.

XLRI 

  • FPM - Passed master’s degree/B.E or B.Tech degree with 55-60% marks. The institute charges 5.5 lakhs for the program
  • Executive FPM - Passed MBA with 60% marks. The total fee structure for the course is 9 lakhs.


Placements:

JBIMS

  • For JBIMS, 41% of students were placed in the BFSI & IB sector, followed by the Technology sector with 19% of the total students being placed.
  • At JBIMS, a total of 52 companies were part of the summer internship drive including Axis bank, Castrol, Barclays, Deloitte. 
  • The highest stipend was Rs. 5.5 Lakhs and the average stipend was Rs. 1.89 Lakh.

XLRI:

  • XLRI has an Alumni base of more than 16,000. 
  • In the year 2020, the IT/ITES sector was the largest recruiter with 30% of the total offers.
  • 90 XLRI students were placed in the year 2020. 
  • The highest international CTC was Rs. 58.22 LPA and the highest domestic CTC was Rs. 26 LPA.

The table given below highlights the overall placement statistics for both institutions:

Aspect

JBIMS

XLRI

Major recruiters

Accenture Strategy, HDFC, Infosys Consulting, ICICI, Mahindra, Airtel, JP Morgan Chase & Co.

KPMG, PricewaterhouseCoopers, Accenture, Microsoft, Amazon, P&G, GAIL.

Highest CTC

INR 32.3 LPA

INR 58.22 LPA

Average CTC

INR 20.13 LPA

INR 15.42 LPA

Campus Life -

  • XLRI has an Interdisciplinary Behavioral Lab, designed specifically for the study of human subjects. There are many extracurricular societies and Interest groups like Dracula, SIGMA - Oikos, AXIOM, Bodhi tree, CEASE etc.
  • JBIMS has several committees like the STRATEGYM, the CATALYST forum etc and conducts International research conferences.

A better option for finance should be selected by comparing above facts, your perception of the college brand image and the ROI which is on an average 20.14 for JBIMS and  0.65:1 for XLRI.

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What are the strange questions asked in XLRI interview?

ES
Eklavya Suryavanshi Posted On : May 30th, 2021
MBA from XLRI Jamshedpur (2019)

My elder brother used to be a student of XLRI and he had to come across some tricky, if not weird questions. 

  • They asked him the difference between a lion and a tiger, the difference between a penguin and a bird. They asked him to differentiate between an alligator and a crocodile, between a turtle and a tortoise, and also between a donkey and a mule.
  • He had to refer to the group discussion where the professor asked my brother to rate the group and how he contributed. 
  • The professor asked him about the error of commission and the error of omission. 
  • He could not say if the professor was satisfied with his answer and all he got in response from the latter was a straight face.
  • Other questions the professors have asked their interviewees were the difference between the tragedies of Sophocles and Shakespeare. It is a good question to test our knowledge of dramatic narratives. 
  • Another question was how Shakespeare can be related to human resources.

Interviews in B-schools can sometimes be non-standardized and are often reactive of the experiences of the interviewee(s). My brother cannot say if the testing is deliberately non-standardized, whether responses are calibrated or normalized, or if the professors test the reliability. A lot of people who made it past the personal interview ended up joining the IIMs and vice-versa.

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Which will give me the exposure and on-site working experience: XLRI, HRM, or BM?

AM
Aditya Mishra Posted On : June 9th, 2021
Studied National Institute of Technology, Kurukshetra (2019)

One of my friends is studying at XLRI. To her, there is no difference or classification of the amount of international exposure or on-site opportunities, based on specializations. The points below provide a clear picture of the modes of international exposure that students of XLRI receive during their course and afterward.

  • There is a student exchange program in XLRI, which provides foreign learning opportunities to students.
  • The institute has tie-ups with several international business schools like ESADE, Audencia, Darden, and EM Lyon.
  • Almost 20% of students from the batch get the opportunity to spend a semester in one of the foreign institutes. Among them, most of the seats are available to HR and BM students.
  • Students get the benefit of interacting with international students and get used to the global perspective of MBA.
  • In terms of internships and placements, the working experience of candidates totally depends upon the job role offered by the company.
  • In certain cases, companies send their summer interns abroad to their offices.
  • There are HR interns from HUL, who worked in the United Kingdom during their internship period.

Therefore, specialization is not the mode of distinguishing chances for on-site opportunities, and the factor is entirely based on the company’s business requirements.

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Which is better, XLRI or IIMK?

RW
Ravish Wadwa Posted On : June 14th, 2021
Director at ReGraduate | MBA, FMS Delhi

It is a bit naïve to compare XLRI to IIMK. Among the two, XLRI is definitely a better choice, being one of the oldest Business Schools in the country.

The points below provide a brief overview of both the institutes and some valid highlights to support the choice.

  • XLRI is a lot more established institute than IIMK, with a lot of experience over time.
  • For most MBA aspirants, XLRI is the first choice among the two. It is a fact that XLRI is not very far in ranking and facilities from institutes like IIM A, B, C, ISB, FMS, etc.
  • Considering the placements in both institutes, XLRI offers an average salary of Rs. 20.1 LPA to students whereas, for IIM K, the average package is Rs. 17.8 LPA.
  • The roles offered in XLRI and the quality of recruiting companies visiting XLRI are better than those in IIM K.
  • The batch size of XLRI is 180 students, whereas the batch size of IIM K is 382 students. So, it is quite obvious that it has an impact on placement as a smaller batch has greater chances of getting placed than a larger batch.
  • XLRI is considered the best institute in India for doing an MBA in HR. So, students interested in HR can blindly opt for the institute.

Therefore, students having an XLRI interview conversion should definitely go for it, having got a chance in such an excellent institute.

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What is it like to study PGDM HRM course in XLRI, Jamshedpur?

IC
Indrani Chatterjee Posted On : May 4th, 2023
PGDM from Xavier School of Management (2018)

It's incredible! The greatest professors, the best surroundings, and, well, the best of everything are yours. I'll provide you with some advice:
The best in Asia Pacific, resulting in exposure to the top professors
A well-focused curriculum that enables students to understand every area of the topic and build a knowledge base
The most effective HR placements
A great deal of fieldwork combined with a theoretical understanding of people and behavior
Numerous panels only considered HR issues
Field tours and seminar exposure are two additional advantages of attending a top business school that is shared by all other schools.
In addition to these, XLRI itself provides a lot. So go ahead; you'll appreciate it.

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Why should I choose HR program from IIM Ranchi over XLRI?

SG
Samarth Gaur Posted On : January 25th, 2023
Lived in Jamshedpur, Jharkhand, India

XLRI, founded in 1958, was the first institute in India to offer a specialized program in Human Resources Management. It is consistently ranked as one of the top private business schools in India and is known for attracting top business organizations to recruit its students. XLRI has a strong legacy of producing successful business leaders and is a meeting place for some of the brightest minds from around the world. The campus at XLRI offers a unique atmosphere with a serene and green environment, high-quality fellow students, and a range of extracurricular activities that help to develop students' personalities and prepare them for the challenges of the business world. 

If you believe that IIM Ranchi can offer similar or better opportunities, then it may be worth considering as an alternative to XLRI.

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What is the rank of XLRI Jamshedpur in India?

MC
Manyata Cheda Posted On : May 22nd, 2023
Studied at XLRI Jamshedpur
  • In the 2022 NIRF Rankings, XLRI-Xavier School of Management ranks 8 among all the B-schools in India. Only BLACKI and IIT Delhi are above XLRI. In the last 5 years, it has gone up by three positions from 11 to 8. 
  • In the QS World ranking, Masters in Management, XLRI ranks 5th in India and 13th in Asia and in 141-150 Overall rankings. 
  • XLRI is ranked 1st, at a cumulative score of 902.62, among all the Private B-schools in IIRF 2023 Rankings. 
  • "Economic Times", "Outlook-ICARE" and "Business Today", also included the institute in the top 5 private universities in the country. 
  • According to Outlook-ICARE, it ranks first among the 150 best private MBA universities in India. 
  • The Economic Times ranked the college as the second among the 50 best MBA universities in India.
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What can someone with 6 CGPA do to better his chances of getting into one of the top IIMs or top B-schools like XLRI Jamshedpur, FMS Delhi, IIFT?

TA
Tithi Aggrawal Posted On : May 18th, 2023
Lives in New Delhi

Firstly, you should focus on getting a very good score on the entrance exam as it is something that demonstrates your innate intelligence, which is a good indicator of your potential to succeed in the program.

Secondly, you should focus on scoring well in the GD/Essay portion of the admission process. This demonstrates your intellectual capacity and knowledge, which can also be important qualities for success in an MBA.

Thirdly, you should focus on other points in your engineering experience that showcase your interests and abilities such as hobbies, sports, books, or other extracurricular activities that you are passionate about. Discussing these during the interview can help to showcase your personality and unique qualities.

Lastly, you should be very clear on why they want to pursue an MBA and why they want to attend that specific college. This demonstrates your clarity of thought and future career aspirations, which can be appreciated by the admission committee and compensates for the low CGPA.

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What are my chances of getting into any of the old IIMs or XLRI with this profile: class 10 - 69.7%, class 12 - 83.8%, B.Com - 49.6%? I am a CA.

SG
Sourav Gupta Posted On : May 28th, 2021
MBA from Indian Institute of Management Bangalore (2019)

Your mentioned scores are very low and being a CA will only give you an advantage. IIMs give special preference to those who are CA or pursuing it. The main question is if you are eligible to write the CAT exam.

The criteria for writing CAT is to be a Graduate from a recognized University or a final year candidate in any discipline having a minimum of 50% marks. There are relaxations for those with a quota like SC/ST and they can have a minimum of 45% marks in graduation to write the CAT exam.

Not much weightage is given to academics at XLRI but they still need a minimum of 50% marks in UG. So, try to score well in XAT- anywhere from 95 to 96 percentile. This is because the higher you score the better chances you have. XLRI has no reservation policy and admission there is purely based on merit.

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Among IIM Ranchi's PGD HRM and XAHR's MBA-HRM, which is a better programme?

RS
Rashmi Singh Posted On : January 12th, 2023
MBA from Indian Institute of Management Ranchi (2019)

Both programs have their own merits and demerits. Yet I am here to talk about XAHR’s MBA-HRM only. I will further list down some points in favor of my inclination toward this program particularly.

  • According to Eduniversal Best Masters Ranking Human Resources Management - Central Asia, XAHR holds the 5th position among the top B Schools within India specifically for this program.
  • Being one of the oldest Educational institutions in India, it has rich cultural values.
  • It just does not focus on academics but also on the extracurricular growth of its students.
  • The faculty is one of the most experienced ones, with both industry and teaching experience.
  • The comprehensive curriculum makes it possible for the students to experience the HR Conclaves, Leadership talks, and Outbound Leadership Program(TSAF).
  • The 3-month student exchange program is an excellent opportunity provided by the college.
  • Its early establishment has helped develop a strong alumni base which brings in many top companies for recruitment.
  • Excellent exposure is offered through Live Projects and Corporate Competitions.

All these features make the XAHR’s MBA-HRM program one of the most coveted courses in this field.

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