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Which one is better among JBIMS and FMS, Specifically for Finance/Consulting?
FMS Delhi is one of the oldest MBA colleges and attracts highly qualified individuals every year. Its rankings and placement statistics are living proof of its legacy and excellence. At no single aspect does JBIMS give an edge to FMS. Owing to its outstanding performance in delivering management talent every year, it attracts top firms for recruitment and the best candidates. The CAT cutoff gives an edge to the top IIMs and thereby causing great competition. The absence of a state/regional quota also ensures that students don’t have to compromise on quality and merit. Let’s discuss some more points where FMS gives an edge to JBIMS thereby proving its worth.
- Location: FMS is located in the National Capital of India whereas JBIMS is located in the Finance Capital. Being situated in the National capital FMS has professors that are linked to the political sector of the country. This is beneficial for domains of Finance and Consulting.
- Placements: Although many companies that visit JBIMS, visit FMS too, the number and quality of roles offered to vary. Also, JBIMS lacks offers from international companies like Deutsche Bank, Goldman Sachs, Bank of America, and Royal Bank of Scotland that offer IB roles in FMS. After analyzing the placement reports you can see that no significant Corporate Finance Roles have been offered at JBIMS.
- Consulting: Almost every firm that visits JBIMS, visits FMS too. But FMS enjoys additional offers from top firms like BCG and Avalon consulting offering strategic consulting roles. FMS also enjoys the participation of Cognizant Business Consulting, Infosys Management Consulting, and Capgemini.
- General Management: The domain of General Management is better at FMS than JBIMS. This is because the big names in the sector like TAS, Airtel, and Mahindra do not visit the campus of JBIMS
- Clubs and committees: There are many student-driven bodies at FMS, the” Finance Society, and the Consulting Club that offer assistance and additional skills and knowledge in the respective fields.
- Finance Lab: FMS is the 3rd Business School in India that has established a Finance club with 12 Bloomberg terminals facilitating applied research in financial markets and equipping finance students with research insights, concepts, theories, and best practices in financial markets.
All these features combined make FMS one of the best schools and definitely a better choice than JBIMS.
What are your views about a part-time MBA at JBIMS, Mumbai? Is it really worthwhile?
If you're looking to do a part-time MBA program in Mumbai, JBIMS MBA part-time is a great choice. The classes are held both during the week (6:30 pm to 9:30 pm) and on weekends. All the schools in University of Mumbai offering this course have the same curriculum, but JBIMS stands out because of its well-known reputation.
This course is good for:
- Working people with graduation degree and want to become managers
- People who can't afford to spend 2 years doing a full-time MBA
- If you do not want to spend a lot of money on executive MBA programs
- People living in Mumbai for the next 3 years (JBIMS part-time MBA is for 3 years)
- If you can attend classes and have time on the weekends to do coursework
- If you are looking to make connections in the industry
This course may not be good for:
- People who can afford to spend 2 years doing a full-time MBA, because full-time is better than part-time
- If you want to have a guaranteed job after the program, because part-time MBA programs assume that the students are already employed and will find better job opportunities in the future
- People who might have to move away from Mumbai for a long time or who can't regularly attend classes.
I hope this information helps you with your decision. Good luck!
How good is JBIMS full time MBA (MMS)?
JBIMS is a top-ranked B-school in India, renowned for its excellent faculty, curriculum, and placement records. Offering MMS (MBA), M.Sc in Finance and part-time courses in Management, Finance, and HR, the institute's faculty is comprised of all Ph.D. holders. With a course fee of 2-3 LPA, students receive an average salary package of 18 LPA, with the highest CTC reaching 30 LPA. Admissions are based on scores in national or state level exams.
JBIMS has a strong placement record, with students receiving attractive CTCs from reputed companies in sectors like BFSI, FMCG, and Consulting. In the previous year's placements, all students who participated received an average salary of INR 20.13 LPA, with the highest salary package at INR 32.30 LPA. Top recruiters included Accenture, BCG, Airtel, Mahindra, McKinsey, Bajaj, Essar, Godrej, Goldman Sachs, ICICI Bank, Infosys, and Hindustan Unilever.
In summary, JBIMS offers a comprehensive education with a strong focus on practical, real-world application and prepares students for successful careers in the business world.
Is it okay to leave JBIMS for IIM Trichy as it has an IIM tag and the companies prefer IIMs more?
There are nine reasons for choosing JB over Trichy. Firstly, JBIMS has a stronger alumni base, with many successful CEO's having graduated from the institute. Secondly, JB has a better reputation in the industry. Thirdly, JB ranks in the top 10 colleges, while Trichy is far behind. Fourthly, the average salary offered at JB (INR 27.63 LPA) is higher than that offered at Trichy (INR 17.01 LPA). Fifthly, JB offers better roles and opportunities. Sixthly, the location of JB (Mumbai) is a major advantage over Trichy. Seventhly, the IIM tag carries more weight when one graduates from BLACKI compared to a newer institute like Trichy. Eighthly, the return on investment for JBIMS is higher than that for Trichy. Finally, the cutoff for general category applicants at JBIMS is 99.93%tile+ in the CET, while the cutoff for Trichy is 93%tile+ in the CAT.
This demonstrates the higher level of competition at JB compared to Trichy.
Why are Delhi School of Economics and other better ROI colleges like JBIMS and many more for an MBA not as popular as FMS?
Here are some of the reasons that should be mentioned:
- DSE MBA was founded in 1986, whereas FMS was founded in 1954.
- An older institute has more alumni to leverage for placements and thus more alumni to build credibility in the institute branding.
- Until 2015, DSE offered a "Master" degree in HR/OD and IB, titled Master of Organization Development and Human Resources and Master of International Business. Two things stand out: i) HR/OD and IB are niche areas to enter in comparison to an MBA-Fin and MBA-Marketing. ii) A MHROD/MIB has lower popularity than an MBA.
- FMS has significantly more industry exposure than DSE, owing primarily to alumni/family of alumni/friends of alumni.
- Quality of Faculty: Though both FMS and DSE are run by DU, what DU lacks in academic-focused faculty is more than made up for in FMS, which has regular mandatory industry guest lecturers.
- The higher cut-off in FMS (relative to DSE) year after year ensures (though is not guaranteed) a certain quality benchmark of students coming in, leading to increased competition and peer learning. Something DSE could think about.
Which is the better option, JBIMS or IIM Lucknow?
Considering the ROI and fees, JBIMS is a better option than IIM Lucknow. Also, it is affiliated with Mumbai University so has a brand name also. But in reality, these factors are short-term and cannot be considered if you are investing in your career.
Overall, IIM Lucknow has an upper hand in almost all aspects. Be it placements, faculty, or brand name. Had I been in your place I would have chosen IIM Lucknow mainly because
- Strong alumni base spread throughout India and even globally
- It is a residential campus. The hostel facility is top notch and living and interacting with your batchmates is a great experience.
Both these aspects are lacking in the case of JBIMS because it is standalone and has a very weak alumni network. It also lacks accommodation facilities.
Overall both colleges have roughly the same worth and choosing one over the other is just a matter of preference.
Which is a better choice, IIM A, IIM B, IIM C, JBIMS, or FMS Delhi, and why?
The choice of B Schools depends on your interests and priorities. The school you choose depends on
- What you want from your MBA degree
- How much you are willing to invest
Some people consider placement statistics for making their decision but personally I find that a bit misleading. One other good way is to talk to the alumni of the schools and make a list of pros and cons. This will help you analyze the worth of each college and thereby make a sound decision.
Every B School has a specialization. You need to identify that and match it with your own goals and aspirations. For example,
IIM Ahmedabad is known for its strategy, IIM Bangalore is known for its marketing, IIM Calcutta is known for its finance, and FMS is known for its high ROI and location (Delhi).
So make a choice that suits your inclinations and don’t adopt the sheep mentality.
Who are some of the famous alumni of JBIMS?
Some of the famous JBIMS alumni include the following:
- Vinita Bali, (1977) : Managing Director of Britannia Industries Limited.
- Lalita D. Gupte, (1971) : Joint Managing Director of ICICI Bank.
- Siddharth Roy Kapur, (1997) : Founder and Managing Director of Roy Kapur Films, CEO of UTV Motion Pictures.
- Chanda Kochhar, (1984) : Managing Director and Chief Executive Officer of ICICI Bank.
- Uday Kotak, (1982) : Executive Vice Chairman and Managing Director of Kotak Mahindra Bank.
- Mani Ratnam, (1977) : Indian Film Director, Screenwriter, and Producer. Winner of 6 National Film Awards.
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