My answer will be strictly pertaining to SP Jain as my sister is a student there and I have quite a lot of information about the admission criteria there. SP Jain has unique criteria wherein almost 70% of the parameters are uncontrollable. Some of them include
These are some factors that are hardly in one’s control. So one should not be disappointed if she/he lacks in these aspects. Well, it is now that the factors that are controllable come into the picture. You can work on these factors and compensate for the flaws in your profile
If the stars align, you will surely get a call. From what I have heard, every PGDM batch has students with both exception profiles as well as normal profiles. So what you need to focus on is finding a unique trait of yourself and working on it relentlessly.
Both colleges have nearly identical fee structures. Top consulting firms such as Mckinsey, EY, and Frost & Sullivan hire from K but not SP Jain. BCG, Accenture Strategy, PWC, Deloitte, KPMG, PRTM, CBC, and others have all visited both. While consulting firms extended 41% of all offers, the median salary increased by 32.5 percent from 2021 to 2022. Consulting emerged as the top recruiting sector at SPJ, with offers extended to 38% of the 238 participants.
In terms of middle office IBD and Wealth Management roles offered by JP Morgan, Deutsche Bank, Goldman Sachs, Bank of America, and Credit Suisse, K clearly outperforms SPJ. However, SPJain had a better scene in corporate finance, with Mondelez, GE, and Vodafone all offering corp fin. In Corporate Banking/Treasury, the number of companies visiting both is equal, with Citi, Yes Bank, ICICI, Axis, IDFC, IndusInd, and others visiting both. JM Financials and Standard Chartered are two brands that do not hire from K for corp banking. For the first time, Deutsche Bank has hired exclusively from K for their corporate banking role, rather than from SP Jain.
IIM K has provided a variety of finance roles, including middle and front-office investment banking, wealth management, corporate banking, and treasury roles, whereas investment banking and wealth management roles are almost nonexistent in SP Jain. They have a higher proportion of corporate finance positions available.
Going forward, with the expected growth and increasing alumni base, IIM K should be clearly a preferred choice over SP Jain for students aspiring to finance and consulting roles.
My personal preference is MDI Gurgaon among all the colleges you have mentioned. This institute excels in many aspects when compared to other B Schools.
Placements: Placements at MDI Gurgaon are much better than JBIMS and SP Jain. The table below has proven the same through statistics.
|
Particulars |
SP Jain |
JBIMS |
MDI Gurgaon |
|
Number of Recruiters |
75 |
68 |
87 |
|
Highest CTC |
INR 53.16 LPA |
INR 42 LPA |
INR 1.14 CPA |
|
Average CTC |
INR 32.06 LPA |
INR 27.63 LPA |
INR 26.65 LPA |
|
Top Recruiters |
Accenture, Aditya Birla Capital, Amazon, American Express |
Accenture, KPMG, EY, Deloitte, PwC, Infosys |
Microsoft, Google, HCL, Adobe |
Faculty: Without any doubt, MDI Gurgaon has the best faculty in the whole of India. It comprises the most learned personalities in the industry. It has around 80 nationally and internationally acclaimed faculty.
Corporate talks: Owing to its location in a metro city, MDI has a lot of corporate talks that are way ahead of normal guest lectures and add to the overall experience of the students. You may even find MD/CXO level folks from Deloitte/ColPal visiting and giving Corporate talks.
Clubs: MDI runs its own Mutual Fund Unnati where students get to learn the tactics of investing in stocks. Illumina is a rural marketing research concept where students get to learn consumer behavior first hand.
Exchange Program: The highlight of MDI Gurgaon is its exchange program is the best in the country. MDI has partnered with several foreign countries and students have to choose from them. MDI’s PGPIM program gives you a dual degree with 1 year in MDI and 1 year with ESCP Europe among various other options. Students completed their internships in European countries and secured International Job offers and settled abroad after this program.
All these major factors are more than enough to convince you against joining other B Schools if you have converted MDI Gurgaon. I have seen many students forgoing offers even from IIM Kozhikode and IIM Indore just for MDI Gurgaon.
All the aforementioned colleges are among the best B Schools in India so the choice between them depends on your preference and future prospects. You need to determine what exactly you want from the program and where your career currently is.
In general, ISB is for people who have better industry experience, good leadership skills and decent academics. The other B Schools focus more on excellent academics throughout your career.
The ranking of these institutes in my opinion is ISB, IIM-A, B, C>IIM-L, FMS, XLRI,>SPJIMR
The above preference order is based on a number of factors like career progression, college market value perception, quality of faculty, quality of students, academic learning, quality of recruiters and infrastructure.
To ensure that you understand the application process and the criteria for final selection, here are the differentiating factors between score-based and profile-based calls in SPJIMR you need to know:
Overall, SPJIMR follows a rigorous and fair selection process that evaluates all aspects of your profile and potential to succeed in their program. Therefore, it is important to understand the criteria and prepare accordingly to increase your chances of getting admitted.
This is my personal opinion and is based upon the feedback.
I have considered placement and fees and hence the ranking. Hope this helps.
I have given the preference order of the above-mentioned B Schools. However please remember this is based on my personal opinions and not any official figures
1st: NMIMS is one of the best schools in Mumbai with fewer fees and great specialization in Finance. Its distinguishing feature is its small batch size which is extremely beneficial for excellent placements. The companies that visit offer the best roles to their students mainly because of their credibility and strong alumni network.
2nd: SPJIMR too is located in Mumbai and is the second-best School after JBMINS. Its students intake is very good due to the strict selection process. The placements are at par with JBIMS but the fees are a bit higher. It's ranked in the top 3 in Operation and IT specialization in India.
3rd: One of the oldest institutes for MBA, IIFT is a good choice owing to its strong brand name and small batch size.
4th: SIBM Pune is a blend of everything; a Good campus, good corporate competition, hostel life, good infrastructure, faculty, and placement. It gives you an amazing MBA experience l.
5th: NMIMS Mumbai is great for MBA and is at par with SIBM. But I have ranked it the last owing to its high fees and larger batch size that requires a lot of competition during placements.
So the ranking is
NMIMS>SPJIMR>IIFT>SIBM Pune>NMIMS Mumbai
There is a major difference between the 2 B Schools, SPJIMR and SP Jain. The former is an Australian B School with 4 campuses in Dubai, Mumbai, Singapore, and Sydney whereas the latter is a Management Institute offering Management courses at its only campus in Mumbai.
Although Mumbai has a variety of decent B Schools to choose from, my brother chose SP Jain for EMBA. He had a list of criteria he looked for in his dream B School and according to him, SP Jain fulfilled it all. Some of his major requisites were
He found all these features in SP Jain and was very glad he chose it. In fact, through his Executive MBA, he claimed to have got an insight into the business world and see how businesses in other sectors survive. He believes to have developed a more holistic view post this program. Professionally too, he is doing pretty well and the program has helped him gain success.
The IM Major at SPJIMR, Mumbai provides a diverse range of career opportunities that are categorized into several different tracks. These include:
SPJIMR's Global Management Programme placement drive for 2023 has successfully concluded with positive results. The highest package offered was reported to be INR 77.8 LPA, while the average and median packages offered were INR 33.02 LPA and INR 32.89 LPA, respectively. The FMCG sector emerged as the top recruiter, with 35% of the students being recruited by well-known companies.
In addition to regular recruiters, 42 first-time recruiters participated in the placement drive. PPOs were secured by over 47% of the students during the 2023 placement drive. Some of the major recruiters who participated include Asian Paints, Castrol, Godrej Group, and Hindustan Unilever Limited, among others.