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What should I choose between SPJIMR Finance and IIM Lucknow, having converted both?

DP
Dipanwita Paik Posted On : March 13th, 2023
PGP from Indian Institute of Management Lucknow (Graduated 2018)

If you are deciding between IIM Lucknow and SPJIMR for Finance, it is important to weigh your options. Here is what you need to know about IIM Lucknow's Finance faculty and placements:

  • Placements: IIM Lucknow Finance placements have been doing well, with a good number of front-end roles coming to the campus. The highest salary for Finance stood at INR 53.34 LPA and the Mean salary at INR 32.21 LPA. Some of the companies that recruited from IIM Lucknow for Finance roles include JP Morgan, Citibank, Morgan Stanley, Black Rock, Kotak, Investec, Avendus, Arga Investments, Spark Capital, Ernst & Young IBD group, Piramal Group (Capital Markets), Deutsche Bank, Bank of America Merrill Lynch, Citibank, Goldman Sachs, Nomura, Standard Chartered, and HSBC.
  • Front-end roles: Many companies offer front-end roles at IIM Lucknow, including JP Morgan, Citibank, Morgan Stanley, Black Rock, Kotak, Investec, Avendus, Arga Investments, Spark Capital, Ernst & Young IBD group, Piramal Group (Capital Markets), and foreign markets desks based out of India like Deutsche Bank, Bank of America Merrill Lynch, Citibank, Goldman Sachs, Nomura, Standard Chartered, and HSBC.
  • Learning and Faculty: The Institute offers a good number of electives in Finance ranging from subjects like Investor Psychology, Quantitative applications in finance, Project Finance, Corporate Banking & Risk Management, etc. The faculty is able to provide exposure through guest lectures and industry workshops.

On the other hand, SPJIMR may not have as many big-name companies visiting for Finance roles compared to IIM Lucknow. From what has been reported in the media, some notable names missing at SPJIMR during the past 2 years include Citibank (front-end markets role), JP Morgan (front-end markets role), Nomura, Deutsche Bank, and Bank of America Merrill Lynch. However, Barclays visited SPJIMR but not IIM Lucknow in the last 2 years.

When choosing between the two institutes, it is important to consider your personal goals and interests. Do your research and decide which institute aligns better with your career aspirations.

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What are the chances of a score-based call from SPJIMR?

SN
Sneha Nagaraju Posted On : March 6th, 2023
MBA Finance, S. P. Jain Institute of Management and Research (2020)

My friend has got both a profile-based and a score-based call. He had to choose between IIM Indore and SPJIMR so he eventually went for the SPJIMR. IIM Indore alumni told him about the issues the students face during placements owing to the huge batch size. The recruiters offer the best packages to the top students and the rest of the batch ends up with average packages. This made him choose SPJIMR.

As he went for the interview, he soon realized that the other candidates had scores much better than his (97+). This disheartened him with the lowest score (96 something). He knew clearly he had zero chances and left right after the first round. He further said that the campus wasn’t that appealing and IIM Indore and FMS seemed to have better infrastructure. So the bottom line is the chances of getting a score-based call from SPJIMR are very low.

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Which college should I prefer for an MBA between IIT KGP VGSOM NMIMS Mumbai IIM Ranchi SP Jain marketing SIBM Pune and IIT Delhi DMS?

AD
Adiksha Das Posted On : March 13th, 2023
Studied at Department of Management Studies, IIT Delhi

 When choosing your desired colleges, it is recommended to consider the following options in the given order:

  1. SP Jain - Despite the high fee, the maximum salary package offered was INR 52.16 LPA, while the average salary package stood at INR 32.06 LPA during 2022 placements, and the job roles offered are on par with top-tier institutions like FMS or IIM ABC. Missing out on this opportunity would not be wise.
  2. IIM Ranchi/IIT Delhi - If you are an engineer, it is recommended to go for IIT Delhi as the MBA course structure is heavily inclined towards statistics and technology. On the other hand, if you are interested in pursuing a career in HR, IIM Ranchi is the best option due to its reputation for providing excellent HR placements and the prestigious IIM tag.
  3. SIBM Pune - Although not on par with the previously mentioned B Schools, this college is one of the biggest brands you can opt for. The average salary for the 2021-22 batch was INR 23.06 LPA and the job roles offered were on par with the new IIMs. Additionally, you will benefit from a robust alumni network due to the college's age.
  4. NMIMS - While this college is located in Mumbai and might be a good option for students from that area, the high fee can be a concern. However, it is known for its Finance specialization. 
  5. IIT KGP - As this college only accepts engineers, the batch will not be diverse, and neither will the job roles offered. Given the other options provided, this college may not be the best choice for you.

It is important to consider each option carefully and choose the one that best fits your needs and career goals. Take your time, do your research, and make an informed decision.

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What is the cutoff for the GMP course of SPJIMR? Does it provide campus placements?

PN
Payal Niharika Posted On : March 6th, 2023
studied MBA in Operations Management & Analytics at S. P. Jain Institute of Management and Research (2018)

SPJIMR GMP eligibility criteria are as follows:

  • GMAT [minimum 550] 

or 

  • GRE [minimum 300] 

or 

  • CAT [minimum 80 percentile] 

Other than this, you require a decent profile to increase your chances of conversion.

SPJIMR provides immense placement support because outside India there is no placement culture. You have to apply to companies and get a job. But you get a lot of assistance from colleges and alumni of both SPJIMR and partner colleges. SPJIMR alumni are placed in big firms like

  • Mckinsey
  • BCG
  • Credit Suisse
  • JP Morgan Chase
  • Procter & Gamble
  • BASF
  • Allianz


 

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How difficult is it to get into SPJIMR, Mumbai?

TS
Trisha Somwanshi Posted On : March 16th, 2023
Studied at SPJIMR

SPJIMR, a leading MBA college, offers specializations in Marketing, Finance, Operations, and Information Management. As part of the application process, you'll need to select two specializations that align with your relevant work experience.

To gain admission to SPJIMR, Mumbai, there are two selection methods available. The first is profile-based calls, where your profile is reviewed, and you may receive a call based on your academic achievements, extra-curricular activities, work experience, and other relevant factors. To qualify for a call, you'll need to have a minimum overall percentile of 85 and a sectional percentile of 70. Alternatively, you can qualify for a call based on your GMAT score, provided it is 680+.

The second selection method is the autonomous process. This involves accepting CAT/XAT and GMAT scores, after which students are invited for GDPI WAT before final selection.

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What is the average salary per month that an IIM/SPJIMR Passout get in Dubai?

HN
Hardik Nagar Posted On : March 13th, 2023
Lives in Mumbai, Maharashtra, India

The average salary for an IIM/SPJIMR pass out in Dubai would depend on various factors such as the specific job role, the industry, the candidate's work experience, and the company's size and reputation. It is also worth noting that salaries can vary significantly based on the location, with salaries typically being higher in larger cities such as Dubai.

According to previous years' placement data, IIMs and SPJIMR graduates have received lucrative job offers from top companies in Dubai in various fields such as finance, consulting, marketing, and operations. The salaries offered have ranged from INR 50 lakh per annum to INR 1 crore per annum.

Again, it is important to note that these figures are from past years, and the current placement data could be different. It is recommended to visit the official websites of the respective institutes for the most recent placement information. Additionally, it is essential to conduct independent research and consult with industry professionals to get a more accurate understanding of the salary prospects in Dubai.

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How good is IIFT as a college is when compared to IIMs, FMS, SPJIMR, and MDI?

VV
Virendar Verma Posted On : March 6th, 2023
Former MBA Participant at S. P. Jain Institute of Management and Research (SPJIMR) (2016–2018)

IIFT was established in 1963 by the Government of India as an autonomous organization to professionalize the country’s foreign trade management and increase exports by developing human resources, analyzing and disseminating data, and conducting research. Among the top 10 business schools, it is the only B-school in India that offers an International Business program. This institute is also known as the Mecca for trade.

The major pros and cons of the institute have been entailed below

Pros 

  • It is one of the best B-Schools in the country and one of the finest in Asia if you want to pursue a career in Trade. As per NIRF Ranking 2018, the Institute has been ranked as number 23.
  • Highly recognized organizations like WTO, OECD, World Trade Centre & European Union come to India for recruitment and visit only IIFT.
  • The batch size is very small thereby rendering unlimited opportunities to its students. It is literally the Mecca for Finance.
  • IIFT Delhi has been winning the CFA Equity Research challenge nationally for 2 out of the last 3 years.

Cons

  • IIFT Delhi campus is very small, around 6.5 acres. Rooms are triple occupancy in the 1st year and double in the 2nd.
  • Big names in consulting like McKinsey, BCG, and AT Kearney, are yet to visit the IIFT Delhi campus.
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What do I choose between SP Jain (in finance specialization) and MDI Gurgaon, if one is not sure of the specialization?

SM
Samiran Mathur Posted On : February 22nd, 2023
MBA Finance, IMS Ranchi (2020)

Both S Jaim and MDI Gurgaon are highly-ranked colleges. So choosing the colleges can be made easier by referring to the general placement statistics of both institutes.


 

Particulars 

MDI

SP Jain

Number of Recruiters 

87

116

Highest CTC

INR 1.14 CPA

INR 61.5 LPA

Average CTC

INR 26.65 LPA

INR 29.5 LPA

Top Recruiters 

Microsoft, Google, HCL, Adobe

Accenture, Amazon, Microsoft

MDI Gurgaon Placements 2022 saw the participation of 87 recruiters. Among them, 35 were first-time recruiters. Major recruiters included Asian Paints, Axis Bank, HCL, Infoedge, Microsoft, Samsung, Flipkart, Amazon, Jio & many more. The participating batch comprised a total of 391 students. Students received 131 pre-placement offers.

During SPJIMR Placements 2022, 75 recruiters visited the campus. Some of the top recruiters are Accenture, Aditya Birla Capital, Amazon, American Express etc. PGDM students 123 PPOs/PPIs. The highest salary offered was INR 53.16 LPA. The average salary of PGDM students was INR 32.06 LPA.

In terms of placements, MDI Gurgaon fares better than SP Jain although the difference between the two is not notable.

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Which is better, XLRI GM (GMP) or SPJIMR PGPM in terms of placements and exposure?

TS
Trisha Somwanshi Posted On : March 16th, 2023
Studied at SPJIMR

If you are considering pursuing a One-year MBA in India, it is essential to set your expectations correctly. Doing so will ease your decision-making process.

When comparing SPJIMR and XLRI, both schools have good credentials and carry equally eminent faculty. However, there are some differences that become apparent when we dig deeper.

  • SPJIMR has a location advantage compared to XLRI. Since the one-year program has a much faster pace, SPJIMR's presence in the financial capital of the country gives it unparalleled access to a larger industrial connection.
  • SPJIMR is the only B-school in the country that creates specialization cohorts in the batch right from the beginning. In contrast, XLRI GMP is more of a general management program. Therefore, if you prefer more precise and focused learning, SPJIMR PGPM might be the better option.
  • SPJIMR is known for its diversity policy, which is reflected not only in its batch profile but also in the faculty profile. The PGPM batch carries a healthy mix of professionals from all walks of life.
  • In terms of fees, the PGPM one-year all-inclusive fee is just shy of 20 Lakhs, whereas that of XL GMP is around 25k. 
  • The PGPM program at SPJIMR has one of the most dedicated Placement Support teams in the country. If placements are a significant concern for you, this might be a deciding factor.


 

In summary, when deciding between SPJIMR and XLRI, it is crucial to consider factors such as location advantage, specialization cohorts, diversity policy, fees, and placement support.

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How are the placements for SPJIMR operations? What kind of roles are offered to SPJIMR operation graduates?

VJ
Varun Jain Posted On : March 6th, 2023
MBA from S. P. Jain Institute of Management and Research (SPJIMR) (Graduated 2017)

vaPlacements for the Operations specialization are pretty decent and detailed statistics can be accessed from the SPJIMR website or IPRS reports. SPJIMR releases all its placement reports to the public. 

The students that opt for Operations usually get recruited by sectors like Consulting, FMCG, Telecom, Pharma, E-commerce, and Conglomerates. But the majority of the students get placed in Consulting and FMCG. A general view of sector-wise placements will help you give a clearer understanding of placements in Operations at SPJIMR

Sector 

Placement Rate

Top Companies 

Consulting / IT Consulting

38%

Accenture, Deloitte, GEP, KPMG

Product Management, IT and Analytics

30%

American Express, Amazon, Microsoft, PayTM

FMCG

22%

Asian Paints, Colgate – Palmolive, Procter & Gamble

Invest Banking and BFSI

20%

Asian Paints, Castrol, Colgate-Palmolive, General Mills, Godrej Group, Hindustan Unilever Limited

E-Commerce

12%

Amazon, Flipkart

During SPJIMR Placements 2022, the highest number of placement offers came from the Consulting/IT sector followed by the FMCG sector.

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