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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.
What profiles are offered to Msc Finance graduates at JBIMS?
The curriculum of the MSc program at JBIMS is rigorous enough to attract big names and their students to make a mark in the Financial world. The kind of organizations that visited the campus were Investment banks, Commercial Banks, Consulting firms, financial services companies, conglomerates, and many other companies from the service sector.
Some major organizations include
|
Goldman Sachs |
PWC |
|
Aditya Birla Group |
ICICI Bank |
|
SREI Infrastructure |
BNP Paribas |
|
ICICI Prudential |
Axis Securities |
|
DE Shaw |
HDFC Bank |
|
Axis Bank |
Motilal Oswal |
|
Abbott Laboratories |
SBICAP Security |
Some of the major profiles offered were
- M&A Advisory
- Private Equity
- Transaction advisory
- Trading & Hedging
- Corporate Banking
- Corporate Finance
- Risk Management
- Currency Trading
- Treasury Management
- Financial Planning
- Strategy
The placement statistics looked like
|
Particulars |
Statistics |
|
Highest CTC |
INR 19.35 LPA |
|
Median CTC |
INR 18 LPA |
The extensive research methodology adopted by the course helped many students get profiles across Equity Research, Fixed Income, and Economic Research as well as structured products.
Can a fresher at JBIMS get a salary above 14 lpa?
Yes, it’s quite possible for a fresher to land a package of 14 LPA or more. In fact, my sister's batch had many freshers that were offered the best profiles and highest packages. Your lack of work experience should not hinder your performance and talents. As a fresher you should
- Be extremely confident while answering any question
- Have a great extracurricular background
- Have clarity of goals and enough skills and knowledge to pursue them
- Not key your lack of experience take a toll on you
With the right mindset and performance even a fresher can get a good package at JBIMS.
How difficult is it to get into JBIMS, Mumbai considering the fact that the candidate is not a resident of Mumbai?
As long as you are a Maharashtra resident, getting admission to JBIMS is not that difficult. Out of 120 seats, 102 seats are allotted to Maharashtrian candidates and the additional caste card will further increase your chances. Other than Maharashtra you will have to target 99.99. To ensure a good CET score
- Prepare well for CET and strengthen your basics
- Attempt a lot of mocks
- Pay more attention to logical reasonings
- In the quant section focus on m DI and DS the most
- Practice visual reasoning thoroughly
- Improve your speed and efficiency
If by the difficulty you mean the probability of getting into JBIMS then here it is. Out of 100k candidates, only 120 are selected. For some, this may be a discouraging factor but if you look on the bright side, being along the 120 will guarantee a bright future.
If someone is getting final admission into JBIMS, should he get it or wait for next year to outperform the CAT and get into IIM?
Rather than answering your question subjectively, I have listed some major pros and cons of the institute that makes it a great choice for an MBA.
Pros
- The small batch size and good quality of the crowd ensure excellent placements, especially in Finance. With only 120 students, the chances of almost all the students securing a good package are high.
- JBIMS does not negate average profiles and many students with much caliber and talent but average academic records get a chance to showcase their knowledge.
- Owing to its splendid location, many industry experts visit the JBIMS campus for sessions. These visiting faculty add a practical element to the learning experience of the students.
- Again its location comes into play as JBIMS provided great interaction with alumni and other industry experts
- The alumni are very cooperative and are ready to offer assistance at any stage. There is exceptional harmony among the alumni
- JBIMS has very low fees compared to IIMs
Cons
- Lack of hostel life which is very crucial
- There are no major placements in Private Equity or Investment Banking - Front End roles. So if you want PE jobs then only IIM A, B, C can do justice.
I will say that forgo an offer from JBIMS only if you are confident that you might clear CAT and make it into IIM next year.
With a gap of 3 years (no work experience, few certifications) and low academics (53% in XII and 6.1 CGPA in a BE), what problems can one face during summer placements at JBIMS (MMS Finance)?
The first 2 semesters comprise of General electives that are compulsory for everyone. You can at least stop stressing about your specialization for a year. You need to be extremely flexible in order to pursue an MBA. I have seen many people who initially were into Finance yet after summer placements chose Marketing.
As far as the problems related to your low scores are concerned, well yes, it will always be a hindering factor. But this does not mean your MBA is of no use. You will get offers from startups which are an altogether new experience as you get to learn from scratch. But this problem does not happen during Final placements because placements depend upon how you have lived your college life so far and gained from it. At this stage, your past academics will rarely matter.
You will definitely get a good job if you scored well throughout college despite having completed your internship from a startup or not-so-popular brand. Work hard, build your profile, and make this MBA a turning point in your life. Inculcating GD and PI skills is very important to ensure a good stable job.
So you can overcome the little struggle during summer placements and wait for the long-run benefits.
Which one is better: IIFT Delhi, JBIMS or SP Jain (Marketing) if I was looking for good placements and brand and I have converted all three?
To choose a college that is perfect for you, one needs to ponder various questions repeatedly. These questions will help you get a clear idea about what you want from MBA and which college will help you achieve that.
- Which area do you want to specialize in?
- Are you included towards functional level clarity (Operations, Finance, Marketing, Tech) or granular level clarity (FMCG marketing/Digital e-commerce marketing/Sales or Product Management/Project Management or General Management)
If the answer to it is yes, then analyze the reports of these institutes to find where each one of them stands. Looking at average CTC is not the right way and is in fact misleading.
Other things you should consider before choosing a B School are
- The admission procedure and the level of difficulty of entrance exams if these colleges
- The practicality and relevance of the curriculum as per the recent industrial trends
- The profiles of your batchmates and their diversity The size and brand of the alumni base and the opportunities you will be availing through them
- The importance of overall personality grooming
One thing you should keep in mind is that brands are just a stepping stone in your career journey and not the main factor. These institutes have been able to establish the brand name mainly because of where their alumni have reached now. So brands are helpful in the short run only.
I have a convert from MDI Guragon and will most probably convert JBIMS Mumbai as well. What business school should i choose? Why?
Of the 2 options, I will recommend you to go for JBIMS Mumbai. I have various reasons to support my opinion. The most important ones have been listed below
Quality of education: Owing to its location, JBIMS attracts many eminent faculty from the industry to the campus apart from the general guest lectures. Some of these big names include
- Prof. Moradian: Esse Group - Boman Moradian
- Prof. Shivanand & Kedar Mankekar
- Prof. Sandeep Gokhale: Appointed at JSW Aluminium
- Prof. Ghadiyar: Nitin Ghadiyar: Executive Profile & Biography
Placements: The quality of placements at JBIMS is excellent with many big firms visiting the campus. Some of the big names in respective domains are
- Finance: Citi, Stan C, HSBC, JPMC, all Indian banks, IB roles
- Marketing: HUL, P&G, PepsiCo, Marico, ColPal, Dabur, HCCB
- Consulting: Mckinsey, BCG, EnY, Cognizant Business Consulting, Infosys Consulting
Industrial Touch: With its splendid location, JBIMS enjoys strong interference with industries. These industries give live projects to the students that provide top-notch learning opportunities. The campus is within walking distance from big shots like HDFC, HUL office, ICICI, BCG, and McKinsey.
Competitions: The students at JBIMS have made their names by participating in National Competitions like HUL LIME, P&G Dream Team, JP Morgan - The Deal, Nomura Investment Banking Case Study Contest, and PepsiCo BIAC.
Alumni base: JBIMS has an elaborate alumni base and has been nicknamed the CEO factory owing to the huge number of CEOs it has given birth to. Some of the most famous ones are
- Noshir Kaka - MD, Mckinsey India
- Nitin Paranjpe - Former CEO HUL, now, Global role, Unilever
- Kainaz Gazder - Former Marketing Director, now, Global role P&G China
- Vinita Bali - Leadership Role at Britannia
- Mani Ratnam - Acclaimed Film-maker
- Sam Balsara - Madison Communication
- Chanda Kocchar - MD, ICICI Bank
- Ajay Piramal - Piramal Healthcare
- Paresh Sukhtankar, MD, HDFC Bank
- Sanjay Lalbhai, Chairman & MD of Arvind Ltd.
JBIMS is in the vicinity of Marine drive and other places of socialization. The hostel is just five minutes away. Overall the campus and the institute, in general, seem promising and you won’t regret your decision of joining it.
How is a MSc Finance from JBIMS?
While considering the worth of any program you should consider 3 factors namely curriculum, peer learning, and profiles offered. Let’s discuss M.Sc Finance from JBIMS on the basis of the following factors
- Curriculum: The course structure is pretty good and the quality of knowledge one acquires is also decent. Experienced alumni are invited to hold sessions that explore corporate values. The teaching faculty is also learned and experienced.
- Peer group: Only 30 seats are available for this course so only the best and the cream students are selected. This is also why the peer crowd is extremely talented and there is cut-throat competition. Good peer learning enriched the overall experience of the program.
- Profiles: The placement opportunities are great at JBIMS and the alumni are always there to assist you. The profiles offered both in internships and placements are also decent. The students are encouraged to participate in competitions to upgrade their skills and gain exposure. Sharing the campus with MBA students adds up to the overall experience.
Is it advisable to settle on JBIMS, if one only aimed for IIM's?
Comparing JBIMS with IIMs is highly unjustified as IIMs are way ahead of JBIMS or FMS even if we consider the ROI. They are unique in many aspects such as
- IIM ABC and ISB is the only B-schools that offer Investment banking profiles in placement. Even if we look at other profiles, it’s easy to infer that they are much superior in terms of quality than the ones offered at JBIMS.
- Being a pass out of IIMs or ISB, you have an upper hand in the higher spectrum of one’s career, i.e, leadership roles.
- JBIMS or FMS lack the general ambiance and culture of a typical B School due to a lack of residential and campus facilities.
- The peer quality of IIMS and ISB are much better than JBIMS whose gender ratio, diversity, and competitive exam are very one-dimensional.
- The only significant aspect of JBIMS is the ROI which when negated makes JBIMS as mediocre as SP Jain and MDI.
- The placement statistics of JBIMS are much similar to that of new IIMs or average B Schools like MDI, and SP Jain. They are in no way in comparison to the top IIMs even with batch sizes as small as 120.
So one should choose JBIMS or FMS over IIM only if one wants to spend low fees, take no loans, or pursue MBA in Mumbai or Delhi.
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