Get Answers on Test Preparation, Admissions & Campus Life
Study Abroad Countries
Which would be the best choice among IIFT Kolkata, IIM Trichy and other new IIMs for someone with strong interests to pursue a career in finance?
IIM Trichy is an ideal choice for pursuing a career in Finance. Many reputed banks visit the campus for recruitment like Citi, ICICI Bank, and YES Bank. This year the Finance sector accounted for 15%of the total placements. The highest CTC stood at INR 20 LPA whereas the average CTC stood at INR 17.67 LPA.
The IIFT program of Kolkata may have an upper hand due to its location but it’s not at par with IIM Trichy. If you are interested in the program I suggest you go for the New Delhi one.
The new IIMs are somewhat similar to Trichy but they won’t help you kickstart a career directly in finance. You might have to take baby steps to enter the Finance sector. So it’s best if you choose IIM Trichy only.
Is Great Lakes-Chennai PGPM a better choice than IMI Delhi for a major in Finance?
IMI Delhi is a relatively better choice, especially for pursuing a major in finance, as they have fantastic placement support. Let us have a detailed view of IMI Delhi
Scholars – IMI Delhi is gifted with well-qualified and experienced faculty support. You will have the opportunity to attend the classes of genius scholars like Sanjay Dhamija
Subjects – Students can advance their knowledge by exploring a wide array of subjects like Investment Banking, Equity Research and Portfolio Management, Private Equity, Treasury and foreign exchange, wealth management, and so on.
Clubs and Society- There are finance clubs and an Investment society, which encourage the students to get actively attracted to the subject knowledge and allow them to be updated
So, never hesitate to choose IMI Delhi.
Considering my interest in Finance and a prior IT work experience of 2.5+ years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs (IIM Ranchi/Trichy)?
I believe that the roles available in the finance sector at NMIMS are readily equivalent to those at IIFT, if not superior. Mumbai's location is quite advantageous for the institute. During placements, a sizable number of finance companies visited the campus.
However, there is fierce rivalry for these positions within the class, particularly among those who studied business as a major in undergrad. This is why it can be difficult for engineers pursuing an MBA at NM to be shortlisted for financial positions because financial institutions prefer to interview candidates with backgrounds in commerce. However, getting on a shortlist for financial roles becomes simpler if you are able to pass one or two levels of CFA or FRM.
In terms of financial roles, NMIMS = IIFT > new IIMs
Considering my interest in Finance and a prior IT work experience of 2.5 years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs IIM Ranchi, Trichy?
When it comes to financing roles, NMIMS is generally seen as being on par with or even better than IIFT. One advantage of NMIMS is its location in Mumbai, which can be beneficial for students seeking finance roles. A decent number of finance companies visit the campus during placements, offering a good range of opportunities for students. However, it's worth noting that the competition for these roles can be quite intense, especially for students with engineering backgrounds. This is because finance companies often have a tendency to shortlist more students with commerce backgrounds for interviews.
That being said, if you are able to clear one or two levels of the CFA or FRM exams, it can become easier to get shortlisted for finance roles at NMIMS. Overall, when it comes to financing roles, NMIMS is generally seen as being on par with IIFT and better than the new IIMs.
Which one would be the better option betwen JBIMS and XLRI for finance?
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.
How is IMI Delhi for finance?
IMI Delhi should definitely be on your list for Finance. The college is known for its PGDM degree in Finance and is located in the heart of the city, making it easily accessible for all.
IMI Delhi has one of the best faculty bodies in the country and offers a wide range of subjects to choose from. The course outlines are tailored to meet the industry requirements and are designed to provide theoretical knowledge as well as practical insights. You can expect to learn subjects like Wealth Management, Treasury Management, Merger & Acquisition, Private Equity, International Finance, Investment banking, and many more.
The classroom studies at IMI Delhi are completely case-based, which means you get an opportunity to relate theoretical learning with real-time challenges persisting in the industry. This approach prepares you well for the practical challenges you may face while working in the finance industry.
Apart from classroom studies, IMI Delhi also provides a plethora of opportunities in terms of live projects where a student can associate himself with an organization for a span ranging from 1 week to 1 month. This gives the students some degree of corporate exposure besides classroom case discussions.
To further enhance the learning experience, IMI Delhi has recently installed 8 new Bloomberg terminals in the college. This will increase and ease the accessibility of the same to the students, thereby providing them with a world-class learning experience.
So if you're looking to pursue a career in finance and want to get the best out of your management degree, IMI Delhi should definitely be on your radar.
Which is better, BIMM Pune or XIME Bangalore for finance/operations?
Both colleges are private institutions and are considered amongst Tier-2 colleges for an MBA degree. We look at this exhaustive comparison through bullets and tables to compare the two.
|
Pointers |
BIMM |
XIME |
|
Total Fees (2 Yrs.) |
8.45 Lakhs |
10 Lakhs |
|
Rankings (Business Today) |
46 |
56 |
|
Companies Visiting |
Adani, Amazon, Deloitte, HCL, ICICI, Capital First etc. |
Accenture, KPMG, Deloitte, Muthoot, Godrej, etc. |
|
Overall Placement Rate |
95% |
94% |
|
Avg. Salary Offered |
6 LPA |
6.5-7 LPA |
|
Hostel Availability |
Yes |
Yes |
|
No. of Seats |
120 |
180 |
|
Closing Percentile |
N.A* |
CAT- 70%ile MAT- 85%ile CMAT- 80%ile |
*The college does not judge students on the basis of the score granted by any entrance exam. Hence, no cut off score.
Eligibility: A graduate from a UGC recognized university with 50% marks is eligible for admission to the course at both the places. Plus, the score of any exam from CAT/ MAT/ XAT/ CMAT is considered.
Admissions Process: A shortlist is prepared of candidates with a valid score in any exam amongst CAT/MAT/XAT/CMAT in both the colleges. The GD+Essay Writing followed by Personal Interview after the shortlist completes the process. BIMM also accepts the score of MAH CET and XIME considers ATMA and GMAT scores.
Course Curriculum: Following the pattern of London Business School with emphasis on producing industry ready candidates, BIMM appears appealing. At the same time, positive reviews regarding Academic engagement at XIME presents the curriculum in a bright light.
Other: The location of XIME being Bangalore, it claims being accessible to giants in the industry, thus ensuring better placements for students. As far as 'Student Life' is concerned, less focus on extracurricular activities, presents XIME in a bad light compared to BIMM.
To conclude, with a low RoI, XIME here seems to fall short in comparison to BIMM but covers up in academics and faculty.
How are the placements for SPJIMR finance?
Consulting firms were a popular choice among students, with over 38 percent of the batch being placed in this field. Additionally, more than 21 percent of the Finance Management batch landed roles with Investment Banking and Private Equity firms. The finance domain saw the participation of both domestic and international companies, offering roles in analytics, wealth management, and private banking. In fact, around 20 percent of the Finance batch received offers for Investment Banking and Private Equity roles, which is a record high for the cohort. Prominent recruiters like Avendus Capital, Axis Capital, GEF Capital, Goldman Sachs, and JM Financial rolled out multiple offers to candidates.
Another noteworthy aspect of the placements process was the participation of E-Commerce industry leaders like Amazon and Flipkart. About 12 percent of the batch received offers from these companies, with roles across domains such as Supply Chain and Operations Management, Finance Management, and Management Trainee being offered to students.
Overall, the placements process at SPJIMR in 2022 was impressive and offered students a wide range of opportunities in various domains. If you're considering SPJIMR for your business education, you can be assured of a strong placements process that provides ample opportunities to kickstart your career.
Which is better for finance, NMIMS Bangalore or IMT Hyderabad?
Both the institutes are excellent for finance specialization. NMIMS Bangalore is like a shadow to its main campus NMIMS Mumbai, similarly, IMT Hyderabad is a fraction of IMT Ghaziabad. You will receive decent teaching in both institutions.
- In IMT Hyderabad, the finance roles offered are Financial Associate, Tax Consultant, Associate, Core Talent Services, Credit Appraiser, Associate Data Field Specialist, Financial Analyst, and more. The company that comes for the campus are HDFC Ltd., HDFC Bank, ICICI Bank, Deloitte, SBI Life Insurance, IDFC First Bank, etc.
- In NMIMS Bangalore, significant management roles get offered, and the companies that come for the campus are JP Morgan & Chase, NTT DATA, Dell Financial Services, ICICI Bank, CRISIL, etc.
- In IMT Hyderabad, the highest placement percentage of 35% was in the BFSI sector. In comparison to it, for NMIMS Bangalore, the highest placement percentage of 48% was in Marketing followed by 24% in Finance.
The following table gives a brief insight into placement and fee structure:
| Criteria | IMT Hyderabad | NMIMS Bangalore |
| Tuition Fee | INR 12.03 Lakhs | INR 9.02 Lakhs |
| Average Placement | INR 7.64 LPA | INR 10.5 LPA |
| Highest Placement | INR 16.5 LPA | INR 18 LPA |
Overall, both the institutes are worth considering.
What kind of role/s one can expect in the financial sector after graduating from TAPMI?
These are some of the roles that you can expect after graduation from Tapmi in the financial sector:
- Investment banking Operations
- CB Credit Risk Analyst
- Analyst Financial Research
- Risk and Compliance
- Financial Advisory
- Financial Operations
- Fixed Income
SUBSCRIBE TO OUR NEWS LETTER
