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Which college is better for Finance among IMT Ghaziabad (PGDM) & TAPMI BKFS?
IMT is a well-established college and comparing it to a mediocre college like TAPMI is not justifiable. Of the two, IMT Ghaziabad is clearly a better choice. To explain further I have compared both these institutes on the basis of some parameters like
- Establishment: Both these institutes were established in 1980 so they carry an equal legacy.
- Alumni: Despite a similar legacy, IMT Ghaziabad alumni are placed in higher positions and top firms today. The extensive alumni network has opened gates for corporate and industry exposure. IMT Ghaziabad’s alumni comprise more than 300 CXOs.
- Location: IMT Ghaziabad enjoys a better location advantage over TAPMI
- Pedagogy: Both the Institutes are AACSB accredited and follow similar curriculums yet there is a stark difference in the quality of education. This is because of the better pedagogy at IMT Ghaziabad than at TAPMI.
- Faculty: IMT Ghaziabad's teaching methodology is way ahead of that of TAPMI and the credit goes to its excellent faculty with amazing profiles. They have great industry exposure and help the students grasp the concepts practically.
- Placements: IMT Ghaziabad has an upper hand in this aspect also. This can be explained further through the table below
|
Particulars |
IMT Ghaziabad |
TAPMI |
|
Number of recruiters |
130+ |
21 |
|
Highest CTC |
INR 62 LPA |
INR 22.3 LPA |
|
Average CTC |
INR 15.28 LPA |
INR 15.7 LPA |
|
Top Recruiters |
Morgan Stanley, BCG, Accenture Consulting, Goldman Sachs, Google, Infosys Consulting, Emami International, TATA Consumer Product |
EY, HDFC Bank, HSBC Bank, Tata Capital |
From the table you can easily infer that the placement scenario is far better at IMT Ghaziabad than TAPMI. In fact in almost all aspects IMT Ghaziabad is way ahead so it’s definitely a better choice than TAPMI.
How are the placements for IIM Indore FPM in finance?
FPM is a Ph.D. research program. There are no placement opportunities for this program at IIM Indore.
They can try and seek a job themselves. But this practice is not encouraged by IIM. This is because it spends around 1-1.5 Cr on each FPM participant. They want them to be true to the field of academics. They don’t want FPM students to be employed by the industry, they can just work with them occasionally.
Should I join IIM Shillong? How good is it compared to other older IIMs, especially for finance?
You are asking whether you should take it or not so I will assume that you are planning to take a drop year otherwise. However, preparing and attempting CAT again is not a cakewalk. It requires a lot of determination and motivation and still does not guarantee that you will get a call from an old IIM.
IIM Shillong is rather a good choice for finance. You can contact some of its alumni to get more information on the same. Since your profile is good, Indore is also a good option for you.
But if you are adamant about joining the old IIMs, then focus on one single goal. Getting maximum percentile in CAT. Start preparing as soon as you decide to drop the year. Anything above 99.7 will guarantee you a call from one of the older IIMs. I have seen many people attempt CAT 3-4 times just to get into their choice of IIMs.
It all comes down to your determination. Like I said, dropping a year requires a lot of determination, so choose this path wisely. Else consider the various other options you have.
Is BIMM Pune the best for finance?
BIMM Pune is a great option for an MBA in finance. In fact, the college offers several specializations for MBA and all of them are great. BIMM Pune is one of the most prestigious private business schools accredited by AICTE. The college was ranked 11th amongst Top Management Institutes by Times B- School and ranked 49th amongst the Top Business Schools by India Today.
Important details about the MBA program at the institute are given below.
|
Category |
BIMM Pune |
|
Entrance |
CAT/XAT/MAT/CMAT |
|
CAT Cutoff |
70 percentile |
|
Intake |
420 |
|
Fees |
Rs. 8.45 Lakhs |
Placements:
BIMM has a robust campus placement cell that invited over 300 companies this year.
- Top recruiters are Kansai Nerolac, Infosys, Henkel, Vedanta, HDFC Bank, Wipro, TAFE, GATI, Cargill, and more.
- The college recorded a 95% placement rate for 2020.
- The highest CTC offered was INR 14 LPA and the average CTC offered was INR 6 LPA.
BIMM is one of the best business schools in Pune. It is a great college for an MBA in finance, the college provides a multitude of opportunities in terms of exposure, placements, and internships.
I have converts from IIM Trichy, Rohtak, Udaipur and Raipur. Which one is the best for a finance guy?
IIM Trichy and IIM Rohtak are superior to Udaipur and Raipur.
Because of their location, the former two IIMs have an advantage over the latter two. One is close to a prestigious engineering college, while the other is a short distance from the capital.
In the 2020 National Institutional Ranking Framework (NIRF) management school ranking, IIM Trichy was ranked 15th. Goldman Sachs offers INR 21-23 LPA; JP Morgan offers INR 21 LPA; Axis Bank offers INR 18-20 LPA, and ICICI Bank offers INR 20-22 LPA.
IIM Rohtak is also a good option for a Finance MBA. It has a favorable environment for Finance specialization. The institute has a strong faculty. The student population is competitive. You will be in classes with gifted students. The peer group is also quite diverse. There are people from various academic and cultural backgrounds present.
Which one is better for finance, IMT Ghaziabad Core PGDM or IMI New Delhi core PGDM?
First of all, IMI being located in the heart of the Indian capital gives its students the advantage of living in a vibrant and diverse setting full of opportunities.
In terms of finance, IMI New Delhi is well known for its degree programs. It provides a wide range of prospects, and one can expect a successful career graph in the financial industry. In addition to the PGDM finance specialization, the institute also offers the B&FS program for students who are interested in finance. The PGDM finance specialization has been totally customized to match business requirements with courses like Wealth Management, Treasury Management, Merger & Acquisition, Private Equity, International Finance, Investment Banking, etc.
It all depends on what your goal and preferences are, see which one aligns with your preferences and go for it. Below is a table comparing the overall numbers;
|
Metrics |
IMI Delhi |
IMT Ghaziabad |
|
Fees |
INR 19.10 Lakhs |
INR 19.53 Lakhs |
|
Highest Package |
INR 50 LPA |
INR 65.6 LPA |
|
Average Package |
INR 17.01 LPA |
INR 17.35 LPA |
|
Top Recruiters |
Barclays, Crisil, Darashaw, HDFC Bank, Adani, TESCO, Maruti Suzuki, EY |
Deloitte, Infosys, HSBC, HDFC Bank, Accenture, Cognizant |
Are New IIMs (Trichy, Udaipur, Ranchi, Rohtak, Raipur, Kashipur) good for MBA in Finance? If not suggest some B-schools. Really interested in investment banking.
Honestly speaking, a career in investment banking should not be considered by the new IIMs. It’s a too ambitious profile to match the relatively new curriculum of these IIMs. Even if you are in a top B School, you will have to remain among the top students to get placed for a front-end role. One can still get roles in corporate & business finance but getting roles in Investment Banking is rather difficult.
Yet if you are not choosing an older IIM and want to choose a newer one, IIM Trichy is the best among them. The order is
IIM Trichy > IIM Udaipur > IIM Ranchi
There are many B Schools apart from IIMs that offer great Investment Banking roles. These include SPJIMR, JBIMS Mumbai, IIFT, and XLRI.
I am interested in a quantitative finance-oriented Ph.D., so should I apply for an FPM in the Finance/Control area or Decision Sciences in IIM Bangalore?
Firstly IIM Bangalore does not offer FMP in Maths because it does not specialize in Maths. So if you are going for the quantitative field you need to choose an area of interest on your own.
In India Finance has more to do with economics rather than Maths. This is because of the lack of Maths in UG and PG schools. So the research work has a qualitative approach rather than a quantitative one. Here math is just used to express the research conducted and is not for actual research purposes. So based on this information, I have 3 suggestions for you
- If you are hell-bent on pursuing mathematical finance, do it outside India where the score is higher.
- Applying in both areas will widen your prospects. The only requirement is that you must do your area-specific courses.
- Don’t neglect other areas of finance that are very interesting and also quantitative. These include Corporate Finance or Banking.
Based on my suggestions and information you can make a wise decision that suits you the best.
Is FMS BHU good for Finance?
Before we get into a college, we normally do prior research on various factors that we require in the desired course. Generally, it is about placements, packages, and corporate exposure. And, if you are assuming to find all of that in FMS BHU, you are wrong!
But then, if you are looking for a place with some spiritual retreat and carrying a degree just for the sake of carrying one without bringing out any benefit- FMS BHU would welcome you with open arms!
Some people beg to differ- which I am assuming is because they must have been placed in good company. But then, if you have prior work experience, carry a strong and valuable work ethic with a good educational convent background, FMS BHU should not be considered.
FMS BHU is ranked similar to what a mediocre MBA college is. Save your time by not going for this. Not choosing FMS BHU can save your career from being wasted. Because it's better to test your luck in some betting app than choosing this institute as your place to study.
The profiles that the companies show up are in the name of sales, but you would beg to differ when you observe companies like Berger Paints, Kent RO, Gyan Dairy, etc. show up. They offer an average package of 2.4-5 LPA.
The batch of my friends is facing this issue as they have no other option left. All in all, I would not recommend FMS BHU at all.
At SP Jain (SPJIMR), is it possible for a guy specialising in information management to get a job in finance or consulting or any other area?
Yes, there is a possibility of getting a job in Finance or Consulting despite having a specialization in Information Management. The chances are low though and vary for every role.
Consulting: It is a very broad domain and comprises both Functional (Operations, Finance, HR) and Industry area (Automotive, FMCG, Electrical, Oil and Gas). The interviews for consulting roles revolve around the projects that a company is involved in. Hence, your specialization in Information Management is irrelevant.
There are many companies with dedicated BUs/areas for IT/Tech Consulting. They give r more preference to IM specialization and students with prior exposure and experience in technology.
Apart from consulting, other domains like Marketing, Operations, and Finance have little scope for IIM specialization. This is because companies prefer candidates with prior experience or current specialization in the required area.
My advice to you would be to select your minor specialization as your area of interest. So it’s possible to get a job in consulting despite having IM specialization but the probability is low for most of the domains.
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