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How is XLRI (BM) compared to JBIMS, FMS & IIM L?
XLRI has been ranked 9th for management studies in India by NIRF 2020 whereas FMS, IIM-L has been ranked 35th and 4th position respectively. JBIMS is ranked 23 for MBA by India Today 2019.
Admission:
XLRI:
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XLRI conducts the Xavier Aptitude Test (XAT) every year in the month of January which is followed by PI rounds for admission.
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95% is the cutoff for male candidates to join the BM program whereas 93% in the case of females for the same.
JBIMS:
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CAT exam and PI round must be cleared to get admission at JBIMS with the minimum graduation score of 50%.
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The previous year cutoff for BM was 96%.
FMS:
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FMS considers CAT scores for MBA admission.
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BM at FMS is most likely to have a cutoff of 98%.
IIM-L:
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For admission at IIM Lucknow, one has to clear IIM-CAT.
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The expected cutoff percentile this year would be around 97-99% for BM.
Placement statistics:
XLRI:
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The batch of 2020 recorded 100% placement with 362 overall domestic and international offers.
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The average CTC was recorded to be 26 LPA whereas the highest package was 58.5 LPA.
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Sales & marketing and BFSI were the top sectors where students were placed. 17% of these roles constituted students from Business Management.
JBIMS:
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JBIMS experienced a 17.6% hike in their average salary from the previous year. The average CTC offered this year is 20.13 LPA where 98% of students applied for placement have got placed.
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The best domestic CTC offered in 2020 is 32.3 LPA.
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41% of students got placed at BFSI and IB sectors which includes a majority of BM students.
FMS:
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219 students appeared in the placement session in 2020. Each of them got placed at top-notch companies like Coca Cola, Asian paints, GSK pharma with an average salary of 25.6 LPA.
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58 LPA was the highest CTC offered which is 10% more than the previous year.
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Consulting, General management, and E-commerce were the major domains where 33% of students got placed.
IIM-L:
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443 students got placed from the 2020 batch at IIM-L with an average annual package of 24.25 LPA at companies like Flipkart, Deloitte, Accenture.
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The best CTC offered so far is 54 LPA at IIM-L.
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480 students availed of a summer internship opportunity with an average stipend of 1.2 LPM.
XLRI slightly holds an upper hand for BM when compared to the other three B-Schools. Nonetheless, all four institutes offer quality education, exposure, and good placement.
How much does graduation CGPA matter in MBA placements in XLRI or JBIMS?
Yes, you might be able to get into UIET Chandigarh with a JEE Main rank of 74,000. The most likely branch that you will get into as a general category is ECE, EEE, or Mechanical. Things will change if you belong to a reserved category student and you might be able to score a seat in CSE.
Here is the latest required cutoff for UIET.
|
Course |
General Cutoff |
|
|
CSE |
945-24246 |
6037-46660 |
|
IT |
24265-35348 |
47120-57861 |
|
ECE |
25258-42196 |
61291-72506 |
|
EEE |
25564-51542 |
58269-73014 |
|
Mechanical Engineering |
30059-56234 |
72430-84878 |
|
Biotechnology |
51181-85699 |
90951-124482 |
Based on this ranking, the hostel is only allocated in biotechnology and engineering without the hostel in Chandigarh is costly, so try to get into the hostel. Other than this, some private hostels will give you everything essential, but they come at a huge cost.
How is student life at JBIMS?
You will find that student life at JBIMS is enjoyable. It is an extension of the fast-paced and energetic lifestyle in Mumbai. The experience you have at JBIMS will depend on what you hope to gain from it and what you hope to achieve.
One of the biggest advantages of studying at JBIMS is access to some of India's top business minds through visiting faculty. Building a strong relationship with your corporate mentor can help you quickly understand the connection between what you are learning in the classroom and how it applies in the real world.
To make the most of your time at JBIMS, it is recommended that you become a part of JBIMS committees, such as Placecom and Corporate Communications. This is an excellent opportunity to take on additional responsibility and to meet and learn from seniors and alumni. By embracing these opportunities, your student life at JBIMS will be incredibly rewarding.
What is the easiest way to join JBIMS as a non-Maharashtrian?
The easiest way for a Non-Maharashtrian to join JBIMS is to opt for the 3-year part-time courses which are for working professionals having a minimum of 2 years of work experience.
Some of these courses include
- Master’s in Finance Management (MFM)
- Master’s in Marketing Management (MMM)
- Master’s in Human Resource Development
- Management (MHRDM)
- Masters in Information Management (MIM).
The classes of these courses are held in the evenings on weekdays and any time of the day on Sundays. The course has no admission limitations and anyone from anyone can pursue these programs.
The selection process consists of Exam and GD
How much percentile is required for admission in MDI, JBIMS or FMS?
My answer does mention the required percentile for each of the B Schools you mentioned. But before I proceed I would like to shed light on the fact that the CAT percentile is not the only factor that determines your admission into a B School. There are other factors you need to work on like academic background, work experience, and GD-PI.
MDI
The college offers PGDM admissions on the basis of CAT and GMAT scores. The expected CAT percentile is around 93-95 and the GMAT score is 680+.
Apart from this, the candidates are expected to have above average academic records, work experience and WAT.
JBIMS
The institute accepts CAT, MH-CET, and GMAT. The percentile cutoff for the General Category
CAT: 95
MH-CET: 99.97
GMAT is accepted only for NRIs.
FMS Delhi
This institute is well known for its extremely low fees and the null weightage given to past academics. Thus admissions are based on the CAT percentile for which the cutoff is very high and GD-PI. The CAT percentile can be around 98.3
It is important to note that CAT should not be the only factor to consider while preparing for admission. Interview and GD rounds should also be given equal importance in addition to work experience.
What are the things asked in the personal interview for an MSc in finance of JBIMS?
The things you are questioned about in the PI round for an MSc in finance of JBIMS have broadly categorized into
- Self-awareness: Your personal attributes like strengths, areas of improvement, hobbies, interests, passion, goals, and unique traits.
- General Knowledge: Your interest in what’s happening around you and your opinions on the same.
- Academics: Your familiarity with the subject you have specialized in, your favorite and least favorite subjects, the projects you have worked on, and why you chose that particular domain
- Extracurricular background: Your participation in extracurricular activities and related questions
- Why JBIMS MSc Finance? The most important question they are going to put forward is why did you go for this specific program and why not MMS/MBA Finance from JBIMS or any other institute
- Skill based: They will question you about your soft skills by asking you to share instances where you portrayed team skills, communication skills, ability to multitask, leadership skills, negotiation skills, etc.
- Experience: questions regarding your current job, roles, achievements and what you have learned so far.
- Finance questions: They might ask some basic finance questions like What is SENSEX, assets, liabilities, what is credit/debit, what’s a balance sheet/P&L, what are equities, CRR, SLR, repo and reverse repo, how does the banking system work, what is FD, mutual funds, etc.
These are some of the areas you will be questioned about. Prepare well and deliver the answers confidently.
Does JBIMS accept a student with a year gap?
If you meet the eligibility criteria for the Common Entrance Test (CET) of JBIMS and achieve a score above the required cutoff, there is no need to worry about your admission chances. The admission decision is based solely on the score obtained on the written test.
However, once admitted, you will likely be asked about any gaps in your education during various stages, such as while preparing for summer internships, during summer internship interviews (for companies that have a no-gap criterion), while preparing for final placements, during final placement interviews, and even during your first few job changes. JBIMS may be accepting of a 99.9+ score, but recruiters may not share the same enthusiasm.
You may be asked about any gaps in your education during the interview process. In this case, it is important to share any relevant experiences and learnings from the gap year. Having a gap in education is not a problem, but not having learned anything from it may be viewed negatively.
It is too early to worry about these potential scenarios. Focus on preparing for and performing well in the written tests, as the rest can be managed later.
Are JBIMS finance placements and packages at par when compared to IIM Calcutta?
If you believe that the finance placements and packages at JBIMS are comparable to those at IIM Calcutta, you are mistaken.
JBIMS and IIM-C don't even agree on anything.
Some may argue that most companies that visit IIM-C also attend JBIMS, but the reality is hidden in the roles available and the salary packages available.
JBIMS is good for finance, but IIM-C is not comparable; it is in a different league entirely.
Which one is better: NMIMS, JBIMS, or SP Jain for Finance if I was looking for good placements and brands?
If you are considering pursuing an MBA in finance at NMIMS, JBIMS, or SPJIMR, the ranking is JBIMS > SPJIMR > NMIMS.
JBIMS has a high-quality education due to the prominent faculty members who come to the campus regularly to teach and give guest lectures. Some of the notable faculty members include Prof. Moradian, Prof. Shivanand & Kedar Mankekar, Prof. Sandeep Gokhale, Prof. Ghadiyar, and Prof. Jagdeep Kapoor.
The institute also has an excellent placement record, with major companies such as Deloitte, EY, PwC, Accenture, Insofys, and KPMG visiting the campus. The average salary during the 2022 placement drive was INR 27.63 LPA, with the median CTC at INR 26.48 LPA and the highest salary at INR 42 LPA. The 2021 summer internship placement drive was also a success, with the highest stipend offered to be INR 5.67 Lakhs per month and the average stipend at INR 2.05 Lakhs per month.
JBIMS also has a strong industrial interface, with many companies providing live industrial projects to students, which is a significant benefit. The institute is located in Mumbai, which is close to many corporate headquarters, such as HDFC, ICICI, BCG, and McKinsey.
The institute has also performed well in national-level competitions, such as HUL LIME, P&G Dream Team, JP Morgan - The Deal, Nomura Investment Banking Case Study Contest, and PepsiCo BIAC. The alumni network of JBIMS is extensive, with notable alumni such as Noshir Kaka, Nitin Paranjpe, Kainaz Gazder, Vinita Bali, Mani Ratnam, Sam Balsara, Chanda Kocchar, Ajay Piramal, Paresh Sukhtankar, Sanjay Lalbhai, Rohit Narang, Shruti Bajpai, Ravi Chaturvedi, Siddharth Roy Kapur, Uday Kotak, Harish Manwani, Parag Gude, and many more. JBIMS is referred to as the "CEO factory," which is a testament to the quality of education and training provided.
5 years down the line which will benefit you better, SP Jain or JBIMS?
Both SP Jain and JBIMS are highly reputable, but objectively speaking, SPJIMR should be the preferred choice between the two. Its selection process is highly unique, based on profile and fit, and extremely thorough. The school thoroughly evaluates if a candidate matches its culture and academic standards. It is recommended to visit the SPJIMR campus for the interviews. The social integration through the DOCC and Project Abhudaya programs helps to produce well-rounded leaders. Placements at SPJIMR are also noteworthy, so be sure to review their placement reports.
In conclusion, if you do not have experience with A, B, C, L, FMS, and XL, then SPJIMR is the ideal campus for pursuing an MBA.
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