Get Answers on Test Preparation, Admissions & Campus Life
Study Abroad Countries
Is an MBA from JBIMS better than SP Jain from a placement point of view?
From the point of view of batch strength, JBIMS has a smaller batch size of 120 students, while SP Jain has a larger batch size of 300 students. The list of companies visiting both campuses is similar, but due to the smaller batch size at JBIMS, the options available per student are higher, resulting in better placement opportunities.
In terms of cost, JBIMS has a lower fee structure of approximately 1 lakh per year, while the fees at SP Jain can reach 10 lakhs per year when including all expenses. This results in a higher return on investment for JBIMS.
In terms of the quality of education, both colleges are equally good, but it is important not to only consider the quality of education when making a decision. Networking opportunities should also be taken into consideration, and JBIMS offers strong networking opportunities due to its strong alumni base.
In conclusion, both colleges offer great placement opportunities and it is up to personal preference and individual circumstances to determine the best option.
JBIMS saw a significant increase in average salary in 2022, rising over 20% to INR 27.63 LPA. The median CTC was INR 26.48 LPA, and the highest salary offered was INR 42 LPA. Consulting firms were a major presence during the placement drive, with companies such as Deloitte, EY, PwC, Accenture, Infosys, and KPMG among the top recruiters.
During the SPJIMR Placements 2022 Report, 75 recruiters visited the campus, with top companies including Accenture, Aditya Birla Capital, Amazon, and American Express. PGDM students received 123 PPOs/PPIs, with the highest salary offered at INR 53.16 LPA and an average salary of INR 32.06 LPA.
Which is a better option? XLRI or JBIMS in all terms?
It’s difficult to determine which institute is better as the courses are not mentioned for the given college. However, given below are information about the colleges in all terms, which may help you make the decision.
XLRI, 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.
Courses offered:
The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM.
Admissions:
To get into this college for PGDM programs, the college accepts XAT and GMAT marks. The end of the selection 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:
-
100% placement was recorded in the year 2020 for the PGDM course.
-
The highest salary went up to Rs 50 LPA and the lowest salary was Rs 21 LPA.
Jamnalal Bajaj Institute of Management Studies (JBIMS):
The college is ranked as 24th for MBA by outlook in the year 2020. The college was one of the earliest business schools in India.
Courses offered:
Under the MMS program, there are various courses that are offered which include; finance, marketing, operations, HR, and systems.
Admissions:
-
To get admissions one should have a UG degree from any recognized university.
-
Candidates who give the paper for CAT and CMAT can also apply for the college.
Faculty:
The faculty of the college is well experienced and well versed in the subjects that they teach.
Placements:
For the academic year 2019, the placement for JBIMS, Mumbai saw significant growth from last year.
-
The highest salary went up to 32.30 LPA, an 8% increase from the previous year.
-
The median salary stood up to 20 LPA, an 18% increase from the previous year.
-
The top companies include J.P. Morgan Chase & Co., McKinsey & Company, Hindustan Unilever, the Boston Consulting Group, and Goldman Sachs.
Therefore, apart from the placements, both these colleges are more or less similar. But if one has to choose a college, they can look at the information given above.
How difficult is it to get into JBIMS, Mumbai considering the fact that the candidate is not a resident of Mumbai?
As long as you are a Maharashtra resident, getting admission to JBIMS is not that difficult. Out of 120 seats, 102 seats are allotted to Maharashtrian candidates and the additional caste card will further increase your chances. Other than Maharashtra you will have to target 99.99. To ensure a good CET score
- Prepare well for CET and strengthen your basics
- Attempt a lot of mocks
- Pay more attention to logical reasonings
- In the quant section focus on m DI and DS the most
- Practice visual reasoning thoroughly
- Improve your speed and efficiency
If by the difficulty you mean the probability of getting into JBIMS then here it is. Out of 100k candidates, only 120 are selected. For some, this may be a discouraging factor but if you look on the bright side, being along the 120 will guarantee a bright future.
Is the difference between JBIMS and Sydenham that much?
There is a difference between JBIMS and Sydenham, and it is important to understand it from different viewpoints.
Regarding student admission, the process is the same every year. If someone scores 99.9 or above, they will be admitted to JBIMS, while someone with a score of 99.8 will be admitted to Sydenham. The difference between 99.8 and 99.9 in terms of ability and aptitude is negligible, with only a few more questions answered correctly on a particular day making the difference. Thus, the difference between the top students of JBIMS and the top students of Sydenham is barely perceptible.
JBIMS has been consistently ranked among the top institutions for a long time and is likely to maintain this position. It is not likely that Sydenham will surpass JBIMS in the rankings. If JBIMS leaves the CET centralized process, Sydenham will become the top institute purely through CET.
There is a difference in the environment between the two institutions. JBIMS stands out from other MMS-offering institutes due to the work its alumni have done in the industry and the fact that some of its professors only teach at JBIMS. This may be the reason why 4-5 students from SIMSREE take the CET again each year to try for admission to JBIMS.
It is important to consider whether the tag of the institution will define you. The tag of the institution only matters for a few years, providing a head-start, but it is what you do with it in the entire career that depends on you. It is recommended to identify yourself within two years and strive to be better than the crowd, academically and in terms of internships and certifications.
If there is even 1% doubt that you cannot make it in the next admission attempt, it is advisable to evaluate your current situation, your goals, and how JBIMS or Sydenham fits into your plan.
Why is JBIMS so reputed?
- Location: JBIMS is located in the heart of Mumbai, which is home to many financial company headquarters. The Western region of the country has become a B-school hub and besides JB, there are many top B-schools such as NMIMS, KJ Somaiya, and Symbiosis. Furthermore, Mumbai is the financial, commercial, and entertainment capital of India and JB's proximity to the commercial hub of India (Nariman Point) provides an added advantage.
- Ranking: JBIMS has been ranked 10th by the IIRF 2023 in the Management Category. Additionally, the Institute has been ranked 10th among the Top Public MBA Institutions in India by Outlook 2022. JBIMS has also received the 10th rank among the top 10 Institutes of India for MBA by the Week in 2019.
- Seats Allocation/Intake: JBIMS has an intake of only 120 students in a batch, whereas other B-schools admit nearly 400 students.
- Fees: JBIMS offers its program at an approximate cost of 6 lakhs, while other B-schools offer programs costing nearly 15-16 lakhs.
- Alumni Base: JBIMS has a strong alumni base and is known as the "Factory of CEOs." Notable alumni include Chanda Kochhar (MD & CEO of ICICI bank), Mani Ratnam (filmmaker), Vinita Bali (MD of Britannia), Uday Kotak (Chairman & MD Kotak Mahindra Bank), and Siddharth Roy Kapur (CEO of UTV Motion Pictures).
- Placements: Due to its small size, JBIMS has a record of 100% placement every year and boasts an average salary of 18.76 lakhs per annum.
What is the best preparation strategy for the JBIMS MSc finance interview?
If you have a non-finance background, it is recommended that you begin your preparation for the JBIMS MSc finance interview at least 4-5 months prior to your interview for the MSc Finance course. You must be sure about your interest in finance, as M.Sc Finance is a very core course. If you have a finance background, you are expected to have a deeper understanding of the points mentioned below. Along with knowing the "whats", you must also know the "whys". In terms of preparation, it is important for you to:
- Be well-informed about the current market scenario and keep track of SENSEX, NIFTY, gold pricing, INR/USD, and oil pricing.
- Have a good understanding of the current Indian economy, including its GDP, inflation, and the factors that impact it.
- Stay updated with the RBI rates, including Repo, Reverse Repo, CRR, and SLR, and know their meanings.
- Be aware of the current global scenario, such as Demonetisation, BREXIT, and Trump.
- Consider the question "Why MSc Finance?" as the first and foremost point of focus in your preparation, even if you have a good academic background. You may still be asked why you chose MSc in Finance over an MBA or PGDM.
- If you have work experience, you must be familiar with your work and its impact on business.
By being thorough with all of these above-mentioned points, you will be well-prepared for the MSc Finance interview.
How is JBIMS compared to IIM L, K?
It is advised not to consider the new IIMs in the same league as L, K, and JBIMS. Among L, K, and JBIMS, IIM Lucknow should be placed first. Despite JBIMS being older than IIM Lucknow, IIM Lucknow boasts greater diversity and a more established brand.
In terms of personal preferences, both IIM Kozhikode and JBIMS have their own strengths and weaknesses. When it comes to placement, alumni base, and return on investment, JBIMS has the upper hand.
However, the campus of IIM Kozhikode is unmatched and offers an unrivaled business school experience that is not present in JBIMS. Some might argue that the IIM brand is stronger than that of JBIMS, but IIM Kozhikode, as a 25-year-old institution, has created its own brand reputation, while JBIMS, a 65-year-old institution, is highly respected in the corporate world.
It is also worth mentioning that the median placement of JBIMS has exceeded 22 lakhs this year, while that of IIM Kozhikode is around 20 lakhs. While it is known that some students have left IIM Kozhikode and IIM Lucknow to attend JBIMS, it is also likely that the reverse has occurred.
In conclusion, the suggested order would be IIM Lucknow > JBIMS > IIM Kozhikode.
Can students outside Maharashtra get into JBIMS?
Admission to JBIMS can be gained through two methods: Direct admission based on written scores in CET and other All India entrance tests, or shortlisting based on CAT/CET scores and GD-PI.
For the Direct admission method, 15% of the total intake will be set aside for All India seats. This includes seats for Maharashtra residents, as well as a maximum of 18 seats for students from outside of Maharashtra. The cutoff for these seats is generally a score of 99.98 or higher in any of the entrance tests, such as CAT, XAT, CMAT, MAT, ATMA, or CET. Additionally, there are 2 seats set aside for students from Jammu and Kashmir, which are not counted among the 18 outside Maharashtra seats.
For the Shortlisting method, there is no fixed quota. Students with a score of 99 percentile or higher, a good profile, and successful performance in the GDPI can be admitted. When this method was followed in the past, students with scores as low as 97 percentile received calls, but most admitted students had scores of 98.8 or higher in CET or CAT. This method promotes diversity and fairness, but the method used for admission is ultimately up to the discretion of the institute.
In conclusion, students from outside of Maharashtra can get into JBIMS as long as they have a strong written score and perform well in the selection process.
Are less than 60% marks in btech graduates, are given admission in FMS Delhi, XLRI.XIM and JBIMS Mumbai?
It will be difficult to get into colleges such as FMS, and XLRI, with less than 60% in 12th but in B.Tech graduates if marks are less than 60%, then it might not be a big problem, it’s achievable.
FMS assigns 10% weightage 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.
Additionally, there is a potential that your application may be taken into consideration if you took part in any festivals or won any competitions during your graduation. If that's not the case, though, getting in will be quite difficult.
XIM and JBIMS Mumbai can take those whose marks are less than 60 percent in graduation. Also, a well-rounded profile is chosen because many other average B-schools are likewise interested in extracurricular activities.
How good is JBIMS as compared to IIMs, XLRI, and FMS in regard to faculty, placements, alumni, etc.?
You are advised to choose wisely when it comes to selecting the top MBA colleges. Most of the top colleges have excellent faculty who are experts in their fields and students highly appreciate their teachings. The alumni network is a crucial factor to consider, and it is best to speak to students and alumni of the colleges to get a better understanding.
The top-of-the-line MBA colleges include IIMs A, B, and C, which are considered untouchable at the moment. XLRI stands out for its HR batch, the opportunities it offers, and its excellent course structure.
If you are comparing FMS, JBIMS, and XLRI BM, you can consider your interest and preference. The author is biased towards JBIMS as her husband is from that college and she has close connections with the students and alumni. However, if you get admitted to XLRI BM, it is a great brand to be associated with, especially if you are interested in finance.
When it comes to choosing between JBIMS and FMS, you can opt for JBIMS if you are sure about pursuing finance, else you can choose either. Among the IIMs, the author rates IIM L above JBIMS and FMS and considers JBIMS and FMS above IIM I and K.
It is suggested not to rely on the ROI concept, as the benefits of a good education cannot be gauged in one year and do not follow arithmetic progression rules. Instead, you should look at the opportunities offered by the college and how it fits into your plan. Do not base your decision solely on rankings posted in newspapers and magazines or the highest packages offered during placement.
SUBSCRIBE TO OUR NEWS LETTER
