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Is MICA worth joining given the hike in their fees from 16.5L to 20L, and average packages standing at 12.8L? How good is it compared to SIBM Pune or IIM Shillong?
There are several factors that you should consider before deciding on a business school. Fee is one of them; though the fees you pay at any business school is not directly equivalent to the average package offered, so keep that in mind before making any decision.
Now, Management schools generally increase their annual fees by 10 to 20% every two years. For instance, in the year 2018, MICA increased their fees from Rs 16.5 lakhs to 18.5 lakhs and then last year, they increased it again to Rs 20 lakhs. Similarly, SIBM Pune increased their fees by 20 % in the year 2018. Thus, bear in mind that most business schools change their fee structure annually or bi-annually while it is a deciding factor, it is also highly common.
Tabulated below are the recent fee structure and average salary offered by the institutes:
|
Institute Name |
Fee Structure |
Average Salary |
|
MICA |
21 LPA |
13.9 LPA |
|
SIBM Pune |
18.8 LPA |
20.14 LPA |
|
IIM Shillong |
10 LPA |
18.76 LPA |
Comparison:
- MICA is a good management school in itself but when compared to other business schools, it falls short. The college needs to work harder to establish itself as a full-fledged business school when compared to business schools like SIBM Pune or IIM Shillong.
- The college offers great placements but the roles offered are very different from the roles a traditional MBA would offer.
- Placement offers are mainly from the Media and Advertising field. For instance, this year alone FMCG made up 23% of the placement offers while Media and Advertising companies made up approximately 31%.
MICA is an excellent college with a unique structure; people are creative and innovative there. The college will definitely help you grow and will offer you a very different and unique experience, unlike a traditional management school. While it is a good and upcoming college; it has to work to match up to management colleges like SIBM Pune and IIM Shillong.
What percentile is needed for PGDISEM in NITIE?
The minimum percentile to get admission in PGDISEM depends upon the number of applications received. In 2021, the cut-off for General was around 86, for OBC it was around 75 and for SC/ST it was 65.
The batch size is very small which is an advantage here. Only 44 seats are available for this program. The placement drives are quiet and relaxed compared to other branches and there are chances for every student to get shortlisted. Some companies hire students only from PGDISEM courses for certain roles such as EHS and sustainability and the average package offered is very good compared to other branches.
The percentile required to get admission in this course is definitely on the higher side, but the amount of facilities and freedom you get while pursuing this course is a big advantage over other courses.
Which college is best or an MBA in Finance, IFIM or IBA in Bangalore? Are there other colleges for finance?
Between the colleges you mentioned in the question, IFIM is better for an MBA in Finance. I know a few people from the institute and they had good things to say about the program.
Here’s a brief highlight of the same which can give you an idea about the course.
|
Average CTC |
10.2 LPA |
|
Highest CTC |
16 LPA |
|
Course Fee |
12 LPA |
Apart from the institutes mentioned in the question, there are many other management institutes that can be a better option for an MBA in Finance.
If you are looking only for Finance specialization, there are some really great management institutes offering banking and management courses such as Symbiosis, Jain University, Times Pro, ITM, etc.
Where do private Indian B-Schools such as SPJIMR, XLRI, and MDI stand in comparison to IIMs A, B, and C? In the long run, can they beat IIMs A, B, and C?
Private Indian B-Schools such as SPJIMR, XLRI, and MDI have established themselves as leading management institutes in India and have gained a reputation for providing quality education and producing industry-ready graduates.
When compared to the older IIMs (IIMs A, B, and C), these private B-Schools can be considered as strong contenders. Here are a few points to help you understand where they stand in comparison:
- Faculty: Both private B-Schools and IIMs have experienced faculty members with relevant industry experience. The faculty at private B-Schools are often known for their industry-oriented approach and real-life case studies, while IIMs are renowned for their research-based teaching approach.
- Curriculum: Both private B-Schools and IIMs have a rigorous curriculum that covers a wide range of management topics. However, private B-Schools often have more flexibility in their curriculum, allowing them to offer specialized courses that cater to the needs of the industry.
- Infrastructure: In terms of infrastructure, both private B-Schools and IIMs have state-of-the-art facilities, such as modern classrooms, well-equipped libraries, and advanced technology labs.
- Placements: Both private B-Schools and IIMs have a strong track record of placements, with graduates from both institutes being hired by some of the top companies in India and abroad. However, IIMs often have an edge when it comes to the highest salary packages offered.
In the long run, it's difficult to predict which institute will come out on top as both private B-Schools and IIMs are constantly evolving and adapting to the changing demands of the industry. Private B-Schools are known for their agility and flexibility in adapting to the changing demands of the industry, while IIMs are known for their strong alumni network and research-oriented approach.
Is it worth for IIM Ranchi MBA graduate with 3 year of previous work-ex in IT to join mu sigma as apprentice leader trainee?
No, I certainly will not suggest that you go for MU Sigma as an apprentice leader trainee. There are many better options like joining a structured, organized company with a decent work ambiance. These aspects are missing in MU Sigma which has a weird business model. The business model is based on the concept ‘Throw them in water, they will learn to swim”. That is if they are made to face hardships they will end up learning the skill to survive. In reality, this has caused relentless suffering to the professionals, the managers, and most importantly the clients. Everybody is clueless and no proper targets are allotted. So I am completely against you joining MU Sigma.
How are placements at IIM Calcutta PGPEX VLM? Is it worth it in the long-run?
This course is specifically for people from manufacturing companies. This is not like the general PGPEX program. VLM also has tie-ups with IITs and Japanese firms for internship opportunities.
The placement statistics for PGPEX VLM at IIM Calcutta are tabulated below:
|
Particulars |
Placement Statistics |
|
Total No of students |
39 |
|
Total no offers |
38 |
|
Total Companies participated |
31 |
|
Highest CTC |
INR 47.5 LPA |
|
Average CTC |
INR 18.9 LPA |
|
Median CTC |
INR 18 LPA |
If you are looking for general management and want an accredited internationally ranked program then you can pursue PGPEX.
Is IILM good for MBA/PGDM? What other courses does it offer in management?
MBA/PGDM from IILM University is one of the best Management courses offered. This course is a rich blend of quality education, experiential learning, live industry projects to work on, subjects co-taught by the top industry people, paid internships, and very good placements. The course excels in almost every aspect. Some major reasons why an MBA from IILM is worthwhile are
- The university helps students get placed by keeping special placement sessions from year 1
- Special group discussions and interview skill enhancement sessions are conducted to improve overall personality
- Mentoring is one of the major highlights of the course, wherein every student is allotted an industry mentor and a faculty mentor.
- Located in the corporate hub, IILM enjoys a locational advantage to a great extent
- There are regular events conducted by various clubs and societies like the Finance club, Cultural club, Entrepreneurship, Marketing club, etc.
All these points make IILM a very good choice for an MBA. The courses it offers in Management are - BBA and MBA with specialization in Entrepreneurship, Financial Technology, Business Analytics, Marketing and Innovation, and Human Resource Management
I know that the course pedagogy is good,but when it comes to placements and since the course is new,how good is the placement of XIMB HR when compared to courses like SCMHRD MBA n HR,SIBM HR,GIM etc?
Going through the past few years of XIMB HRM placement report, the facts that can be gathered are as mentioned below:
- The intermediate records timely hover around 10-11 LPA, and the average simultaneously remains in the same range as well. Besides, the curve has witnessed a continual outpour since the program came into action.
- At the same time, the recruiters of the same are TATA HRDP, Aditya Birla HR Leadership, Coca Cola, GAIL, Godrej & Boyce, Korn & Ferry, Ola Cabs.
- XIMB is known to be listed under IPRS, and their placement records can be trusted entirely, unlike many others outside.
The facts and figures indicated above only make us see the enhanced feat a program has achieved not long after it had been established. It denotes the industry recognition that XIMB has obtained. These were not supposed to arrive on such short notice.
XIMB HR can be considered one of the top most sought-after HRM programs seen in the country.
However, SIBM and SCMHRD come with advantages for their locational factors and those that arrive with certain early players in the industry. But, the fees are quite high and both median and averages remain almost the same as XIMB.
Further, if you didn't know, the domicile quota does not affect the quality of students. It is because they have a cut-off only 2-3 percentile lesser than the national cut-off. That means, if the faculty does not find suitable students, they are most likely to not enroll them as a whole, because if they do, that’ll be compromising with the intake quality.
They don’t have privileges to keep the quota cut-off more than the minimum of 2-3 percentile. They are one of the top management institutions of India. The institute believes that their figures speak on behalf of them.
How is the NMIMS Mumbai? What can be the cost of 2 years for an MBA, including accommodation? Is it worth the money? Which companies come for placement?
You have asked multiple questions at the same time and I'm here to clear all your doubts. Starting with the first part is how NMIMS is, well it is better than the newer IIMs and institutes like IMT, SIBM, SCMHRD, and IMI. In case you have calls from these, straight away go for NMIMS only. You can pursue an MBA with any specialization here. You should reconsider your decision however if you have calls from MDI, NITIE, IIFT Delhi, IIT Bombay, and JBIMS and you are willing to study something apart from Marketing.
However, NMIMS is not comparable to the older IIMs and FMS.
Cost of MBA (2 years )
The yearly NMIMS MBA fees are INR 11.95 Lakhs Fees. The additional costs are around 2.4 Lakhs every year. So the total cost of an MBA for 2 years is around INR 28.7 lakhs.
Worth
It’s impossible to evaluate correctly if a certain B School is worth the money. Some end up with high packages while some with low packages. Also, ROU is a broad term and cannot be determined by just the package you receive. Most of the time I have seen the lives of people with low packages change after their first job. So the initial package is just a stepping stone and not a deciding factor.
Placements
Some major companies that visit the campus for placements are Aditya Birla Capital, EY, Capgemini, Cognizant, ICICI Bank, etc.
Which is better for an MBA, IIM Amritsar or IIT Roorkee?
IIT Roorkee is a better option for an MBA. It is not just the IIM tag that one should consider while choosing a business school. There are various factors like the establishment year of an institute, course fee, location, placement scenario, faculty, infrastructure, alumni network, etc. that must be considered during the selection.
IIT Roorkee is a well-established institution with a long history of excellence. Its Department of Management Studies (DoMS) has been functioning since 1998. On the other hand, IIM Amritsar is one of the newer IIMs in India, having been established in 2015.
Here are the MBA placement statistics of both DoMS (IIT Roorkee) and IIM Amritsar for 2023:
| PARTICULARS | (DoMS) IIT ROORKEE | IIM AMRITSAR |
|---|---|---|
| Number of Recruiters | 50+ | 110+ |
| Total number of students | 69 | 212 |
| Highest CTC | INR 25.8 LPA | INR 25.21 LPA |
| Average CTC | INR 16.8 LPA | INR 14.63 LPA |
| Median CTC | INR 18 LPA | INR 13.54 LPA |
| Top Recruiters | Deloitte, EY, Paytm, ICICI Bank, Vedanta, Infosys, etc. | Accenture, Cognizant, Dell, Deloitte, Genpact, and others. |
IIT Roorkee offers good placements, but more than that, it provides a rich academic environment to its students. The students of DoMS don’t just interact with each other, but also with the students of other departments like engineering. This enhances their understanding of things, and helps in the exchange of diverse perspectives.
IIT Roorkee is much older to IIM Amritsar, which is why it offers a rich alumni network and a strong brand name.
Because of these reasons, I would recommend you choose IIT Roorkee over IIM Amritsar for an MBA.
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