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Should I join BM in XIMB?
XIMB is one the top B schools in India and MBA in Business Management is its flagship course. Whether you should join it or not is your call depending on your inclinations and preferences. However, my answer entails various reasons why one must consider XIMB.
- XIMB has a 31-year-long legacy which has resulted in its rich lineage, great faculty members, and an elaborate alumni base.
- The institute is known for its research culture and development activities on a regular basis in collaboration with the government.
- XIMB is granted the South Asian Quality Assurance Systems (SAQS) accreditation by the Association of Management Development Institutions in South Asia (AMDISA) and the NBA Accreditation by the National Board of Accreditation for a period of 5 years for PGDM.
- Unlike most B Schools it offers an MBA degree rather than a PGDM Diploma. An MBA gives a holistic view of the program while a PGDM focuses on a specific specialization.
- XIMB also offers international exchange of students not only through the college but also through student-driven committees.
- The faculty at XIMB are experts in their respective fields and have immense industry experience which is reflected in their pedagogy.
- In the second year, you get an opportunity to do a double major, major plus minor in whichever fields (i.e. Marketing, Finance, operations, etc) we would like to gain knowledge and experience in. This gives us an opportunity to gain cross-functional knowledge and explore beyond our comfort zone, a quality required in the corporate world.
- XIMB encourages extra-curricular/ co-curricular activities combining activities and academics which helps you to learn how to become a better manager and put your theoretical knowledge to the test.
- Business seminars and talks hosted by industry leaders from every field are common in XIMB. These business talks help the students increase their practical knowledge with quality industry exposure.
- XIMB holds a strong alumni base with alumni at top positions in various companies.
- XIMB gives due importance to academics and learning through various projects, competitions, case studies, live projects, and faculty projects.
- The students are constantly evaluated through quizzes and assignments to keep them on their toes. This helps them adjust to the hectic schedule they face in the corporate world.
Overall, the campus life at XIMB is unique and complete as it is a B-School that is forever awake.
Which is better: FORE School of Management for a PGDM BM or IMI Delhi?
FORE School of Management is approved by AICTE on the other hand IMI Delhi is approved by AICTE, NBA and AIU. Both of them were established in the year 1981 and provide good quality programs to their students. According to NIRF rankings IIIM was ranked #28 whereas FORE was ranked #43.
Intake process:
FORE School of Management:
- The process of admissions in this institution is a bit lengthy. The candidate is shortlisted on the basis of scores obtained in CAT/GMAT/XAT exams.
- After the shortlisting the students will be required to appear in: Written Ability Test (WAT), Business Awareness Quiz (BA-Q) and Extempore and Personal Interview (PI)
- The final selection is considered on the basis of marks the applicant has obtained in CAT/GMAT/XAT, WAT, Business quiz, Extempore, Personal Interview, Academic performance and work experience.
IMI Delhi:
The selection process of applicants takes place in the following manner:
- In the same way shortlisting of candidates is done on the basis of CAT or GMAT scores.
- Followed by a written test, requiring the applicants to write an essay.
- The last round of the process consists of an interview and extempore.
- Then the student is qualified based on the performances in all the rounds.
Some similarities/dissimilarities are tabulated below:
|
Categories |
FORE School of Management |
IMI Delhi |
|
Companies recruiting |
Companies like Asian Paints, ITC, Nestle, Infosys, Amazon, Hindustan Unilever, BACARDI, Nivea, HCL, Gartner, Wipro, etc. |
HDFC Bank, Asian Paints, Deloitte, EY India, Citi Bank, Wipro, Infosys, OYO, Lens kart, Sony Pictures, Radio Mirchi and more. |
|
Scholarship |
Available for PGDM students |
Available for students taking admissions under merit lists. |
|
Total seats for PGDM |
180 |
224 |
|
Highest CTC |
30 LPA |
22 LPA |
|
Average CTC |
10.6 LPA |
13.07 LPA |
|
Female percentage |
35% |
38% |
|
Male percentage |
65% |
62% |
|
Total recruits |
146+ |
100+ |
|
Hostel facilities |
No (but it coordinates with Rajhans Homes) |
Yes |
Both the institutions have highly qualified faculties. FORE has a longer process of selection which might make it a selective institution, having limited seats for PGDM courses and hard to get in. On the other hand IMI doesn’t have that lengthy process as compared to FORE. More the number of companies recruiting the institution will automatically result in more number of students getting placed.
I'm getting a seat at NIT Jalandhar in production engineering. What is the scope of the branch in India? Which master's should I choose: an MBA or an MTech?
Scope of Industrial and Production Engineering is good at NIT Jalandhar. But you will be offered less salary in comparison to Mechanical Engineering.
But if you go for a non-core job, the salaries offered might be above average.
Between M.Tech and MBA, I will recommend you go for MBA. This is because M.Tech placements are very low and very little scope is there.
Choosing MBA will get you the following benefits:
-
Better salary than M.Tech.
-
The curriculum for IPE is easier so you can also prepare for CAT alongside
-
The faculty is extremely supportive
-
The syllabus of IPE and MBA is somewhat similar so it becomes easy for you
People choose M.Tech thinking its a bit similar to IPE. But in reality IPE has a practical and managerial subjects whereas M.Tech has more technical subjects. So don’t get confused and just go for IPE.
How is XIMB BM in comparison with NMIMS HR?
Pursuing a degree in HR from NMIMS would be a better option if it comes to educational excellence, ranking, infrastructure, campus life, hostels, or placement.
If we draw a comparison between these two prestigious institutions then it would depend on various aspects. They are as follows:
- Ranking and reputation: NMIMS Mumbai, has ranked 21st among the best management institutes in India by NIRF 2023. This proves the academic excellence, infrastructural ability, placement success, and reputation all over India. Whereas according to the NIRF report 2023, XIMB ranked #46 among all the management schools in India.
- Accreditation: NMIMS Deemed-to university is accredited by NAAC with a 3.59 CGPA and Grade A+, whereas XIMB is accredited by NAAC with an "A" grade.
- Faculty & alumni: The professors are very good at teaching and most of them hold a PhD degree in their field of expertise. Nitin Rakesh (Chief Executive Officer and Managing Director, Mphasis), Gautam Shiknis (Founder and MD of Palador Pictures), and many more eminent professionals are notable alumni of this institution.
- Placement: Placement statistics for the year 2023 are mentioned in the tabulated form-
|
Particulars |
NMIMS Placement 2023 |
XIMB Placement 2023 |
|
Highest Package |
INR 67.80 LPA |
INR 71.51 LPA |
|
Average Salary |
INR 26.63 LPA |
INR 20.03 LPA |
|
Top Recruiters |
Aditya Birla Capital, American Express, Goldman Sachs, Crisil, etc. |
ICICI Bank, Accenture, Cognizant |
After considering all of these factors, it is clear that NMIMS is the best fit for pursuing an MBA degree in HR. The campus, programs, and opportunities available align perfectly with the goals of an MBA aspirant.
How is the interview of XIMB BM?
The interview process for XIMB BM is pretty standard. The direction and the overall interview experience will depend a lot on how you are answering the questions. There are usually three panelists.
The interview starts with an introduction. There will be questions regarding your family background, past academics, etc. There will be questions about your undergraduate subjects. You can also expect general questions such as ‘Why MBA?’ ‘Why XLRI?’ etc.
Try to give short and straightforward answers. Try to stay patient and confident throughout the whole interview.
How are XLRI, XIMB, FMS, and NITR to pursue MBA (BM)? What about the placements?
Consider joining FMS if you don’t have an extraordinary academic background. It is a renowned business school with a really good ROI. Moreover, it only expects a good performance in CAT, and does not consider the past academic performance of the candidates.
Here are some other benefits of joining FMS for your management studies-
- It is located in the capital, and thus offers a good exposure.
- As a student of FMS, you’ll get to attend a number of seminars, workshops and events.
- It has two semesters per year, unlike other business schools that have three. This provides ample time to the students to participate in a number of corporate competitions on national and international level.
- It is one of the oldest business schools, and it has a strong alumni network.
All these facts make FMS a really good college for management studies.
I have been shortlisted for DCP program in IMT G and MBA BM in XIMB? Which one would be better among the two?
I would say that you should definitely choose XIMB.
It's their primary program, and it will be much better than IMT G's DCP program. Just because of cost. The DCP program has fees that are over 22 lakhs and an average package of around 9 lakhs per annum. In contrast, the XIMB BM program has an average package of 13 lakhs per annum and fees of 15.40 lakhs for two years. Also, keep in mind that the DCP program is still new, so there won't be much support from the business.
I would have considered IMT G if it was a full-time program. If you can move up to IMT Ghaziabad and want to get an MBA with a focus on marketing and entrepreneurship courses, you should choose IMT Ghaziabad. But the DCP course fee isn't worth it for the same opportunity unless you want to work abroad, especially in Dubai.
Which are the best institutes for studying Family Business Management in India?
In general, people consider family business doesn't need formal education for it. This is the reason why they fail horribly at escalating their business. After a few generations, the business can't withhold the evolution of the industry and gets diminished.
Below given are some of the best b-schools for studying Family Business Management in India.
|
B-School |
Courses |
|
SP Jain Institute of Management and Research |
Post Graduate Program in Family Managed Business & Owner Management Program |
|
Indian School of Business |
Management Programme for Family Business |
|
IIM Bangalore |
Management Programme for Entrepreneurs and Family Businesses |
|
Institute of Management, Nirma University |
MBA in Family Business & Entrepreneurship |
|
SVKM’s NMIMS School of Business Management |
MBA in Entrepreneurship & Family business |
|
Universal Business School |
PGP in Family Managed Business |
|
Amity University |
MBA in Family Business Management & MBA in Entrepreneurship |
Business people do need to invest their time and money in learning the tools of the trade. SP Jain Global has been in the industry for quite some time now and has been regarded as the best in the business and they have evolved their business through generation. So the SP Jain Global would be the potential choice to learn about Family Business Management.
What is the course fee for the PGPBM course at IIM Trichy?
The total fee for the PGPBM program comprises two parts:
- Non-refundable Course Fee – Rs. 11,80,000/- plus applicable taxes
- Refundable Caution Deposit - Rs. 10,000/-
The non-refundable course fee includes
- Tuition
- Library
- Case Permission Royalty
- Textbooks
- Academic Course Pack
- Examination
- Alumni activity
The fee is for the total course and is not related to the number of terms. However, for ease of payment, the course fee is structured to be paid in eight installments, the first one amounting to Rs. 2,10, 000/- and Installments II to VIII amounting to Rs. 1,40, 000/- due every three months. The date of payment of the fee installments will be announced by the PGPBM Office.
How good is the XIMB-BM for someone with 5 years of work experience in Supply Chain Management?
XIMB offers a two-year full-time residential program in Business Management (BM), which is a highly-ranked program in India.
If you have 5 years of work experience in Supply Chain Management, XIMB-BM can be an excellent choice for you to pursue your postgraduate degree. XIMB-BM provides a comprehensive curriculum that covers various areas of management, including supply chain management, finance, marketing, human resources, operations, and information systems.
The program at XIMB-BM offers students with hands-on experience, industry exposure, and managerial skills, which can help them to excel in their careers. The course structure includes classroom sessions, case studies, industry projects, and internships. The program also has tie-ups with various reputed companies, which provide students with the opportunity to work on live projects and gain practical experience.
Additionally, XIMB-BM has a strong alumni network, which can provide you with opportunities for networking and career growth. The institute also offers excellent placement opportunities, with top companies recruiting students from the program.
Overall, XIMB-BM can be an excellent choice for someone with 5 years of work experience in Supply Chain Management, as it provides a well-rounded management education, hands-on experience, and excellent placement opportunities.
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