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Which is better, XLRI GM (GMP) or SPJIMR PGPM in terms of placements and exposure?
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.
What is the average salary package for XLRI Jamshedpur?
During the placements 2022 campaign, XLRI recorded 100% placements for its PGDM (BM) and PGDM (HRM) programs.
Additionally, during the XLRI PGDM BM and PGDM HRM Placements in 2022, the top domestic package and average package were both INR 78.2 LPA. A total of 487 offers were accepted, of which three were overseas offers.
The median salary offered to the batch is INR 30 lakh per annum. The average salary saw an increase to 32 lakh per annum from INR 30.7 lakhs per annum in 2022. Highest domestic offer at INR 78.2 lakhs per annum from the ITES sector. The highest international offer is 1.1 crore per annum for the HR domain.
What would happen if FMS and XLRI become IIM Delhi and IIM Jamshedpur respectively?
It seems almost impossible to happen. Although FMS is a reputed institute, it has yet to have the desired campus life. When a student dream of an MBA, a good campus life always remains inside their brain, and FMS does not fulfill that.
If we talk about XLRI Jamshedpur, there is already an IIM in the state of Jharkhand, IIM Ranchi. It is not possible to have 2 IIMs in one state, plus XLRI has a different brand image. Many people consider this institute better than any IIM, whether the IIMs are ABC, and it is a private institute as well, so the chances are close to impossible for these institutes to become IIMs. And if any, how they become IIMs, so I think FMS won't change much, but XLRI will have to follow government guidelines then.
What exactly is the shorlisting process of XLRI once you take XAT?
Along with the XAT results, XLRI announces sectional and overall cut-offs for each of its programs. Everyone who has passed all the cutoffs is invited to the next round.
Here are some important points for you to keep in mind:
- If you applied to more than one program at XLRI, you will receive a separate shortlist for each program and will have to complete the remaining process for each program separately, assuming you passed the cut-offs.
- The cut-offs for the second round shortlist are based solely on your performance in the first section of the XAT.
- GK and essay marks do not count for the shortlist but do play a role in the selection process and finally admits.
The deadlines for this year can be found on the official website.
How good is XLRI Jamshedpur in comparison with IIMs?
One of India's top management schools, XLRI Jamshedpur is also recognized as one of the best B-schools in the world. However, as each institute has distinct strengths and areas of specialty, comparing XLRI with the IIMs is not an easy task.
XLRI is regarded as being on par with the Top 4 IIMs, which are IIM (A, B, C, and L), in terms of academic rigour and reputation. Human resource management, general management, and business sustainability management are among XLRI's specialties. The institute places a lot of emphasis on teaching ethical and moral management principles.
The IIMs are a group of the top 20 business schools in India. Each IIM has its unique areas of expertise, and some, such as IIM Ahmedabad (General Management), IIM Bangalore (Entrepreneurship), and IIM Calcutta (Finance), are recognized as the best in those areas.
XLRI and the IIMs with names like FMS and IIFT are highly sought after by recruiters when it comes to placements, and their graduates fetch some of the top incomes in the sector. However, a number of variables, like the size of the batch, the calibre of the students, the demand in the business, etc., affect placement results.
In conclusion, the TOP IIMs and XLRI are both renowned management schools in India, and each has its own advantages and specialties. The decision between the two is based on personal preferences and professional objectives.
Do you think the PGCHRM course conducted by XLRI Jamshedpur gives an edge in your career, I believe it's a big no?
PGCHRM is an abbreviation for Postgraduate Certificate in Human Resource Management. For an HR practitioner who has not received much official schooling in the HR area, this will provide some formal knowledge of HR.
PGCHRM from XLRI Jamshedpur may help you get promoted because some organisations require it. XLRI Jamshedpur is considered one of the best college for Human resources that can give you an edge but it may not bring a big change in your career because it is not as valued as a full-time MBA.
How do I get a loan for a XLRI study?
Nowadays you can easily get a loan to finance your studies at XLRI, one of India's premier management institutions. The process involves several steps and considerations which are mentioned below.
- Find Lenders: Presently, all banks provide "Scholar Loans" to esteemed colleges like XLRI. This has a greater maximum and requires less paperwork. Also, no collateral is required. You may obtain a loan in any location, but obtaining one in Jamshedpur will allow you to pay future installments more quickly.
- Compile Documentation: Prepare the relevant paperwork that the lender will need. This normally consists of XLRI admittance confirmation, loan application form, educational certificates, parent income documentation, proof of identity and address, and photos.
- Loan Application: Fill out the loan application form provided by the bank. Ensure that you provide accurate and complete information.
- Co-Applicant: Some banks could demand the inclusion of a co-applicant on the loan application, who is typically a parent or legal guardian. If you are unable to pay back the loan, they will be in charge of doing so.
- Collateral: You can be required to offer collateral or security for the loan, depending on the loan size and the lender. Property, fixed deposits, or other assets could be used to demonstrate this.
- Loan Repayment Terms: Understand the conditions of loan payments, including the grace period following graduation and the loan duration. Make sure the conditions fit your ability to pay.
- Loan Approval: The bank will assess your eligibility and supporting evidence after you've submitted the application and necessary paperwork. They will offer a loan sanction letter if they are accepted.
- Disbursement: The bank will transfer the loan money to the institute to pay your fees and costs as soon as XLRI verifies your registration.
- Repayment: You normally have a grace period once your studies are finished before you start paying back the loan. Observe the agreed-upon repayment plan and make regular payments.
By the end of this, you will have a comprehensive understanding of how to initiate and complete the loan application process, allowing you to focus on your studies and future career prospects at XLRI without financial constraints.
Should I choose NMIMS core or XLRI HR?
Both the private colleges give good placements to their students and they also provide good infrastructure. If a choice has to be made between the two colleges, one can look at the information given below.
HR IN NMIMS:
NMIMS is ranked 4th by the outlook in the year 2020 under private management colleges. The college is AICTE approved and the total fees of the course are 20.84 Lakhs (2 years).
Admissions:
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Students in order to secure a seat in the college need to apply for the NMIMS management aptitude test, which is conducted by GMAC.
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The candidates should apply for the GMAT exam and should secure at least 50% marks from any recognized UG university.
Faculty:
The faculties in the college NMIMS are well qualified and have years of experience in teaching.
Placements:
Almost every student in the college was placed.
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The average salary which was offered in 2019 was Rs 13 LPA and the highest package offered was Rs 22 LPA.
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The top companies which visited the campus were Barclays Bank, Centrum, CITI Bank, Credit Suisse, CRISIL, DBS Bank, DHL Express, FedEx Express, Google, HCL, HP, etc.
XLRI Xavier School of Management, Jamshedpur:
The college was ranked 1st by the outlook in private colleges for the year 2020. It is a top-notch private college that offers 32 courses across five streams. The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM. The college also offers one-year online, VIL programs.
Admissions:
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To get into this college for PGDM programs, the college accepts XAT and GMAT marks.
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The shortlisted candidates are selected and called for the final rounds for admissions. The end of the round consists of group discussion and personal interview.
Faculty:
The professors who are present in the college are well versed in their area of specialization and have Ph.D. degrees.
Placements:
The placements of the college are one of the best in the country.
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100% placement was recorded in the year 2020 for the PGDM course.
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The highest salary went up to Rs 50 LPA and the lowest salary offered was Rs 21 LPA.
Therefore, one can choose a college based on the information given above.
Is XLRI, Jamshedpur to the B-schools, what BITS, Pilani is to the engineering colleges in India?
XLRI, Jamshedpur, and BITS Pilani are both highly recognized in their fields, but XLRI is not to B-schools what BITS Pilani is to engineering universities in India.
XLRI frequently ranks among India's top MBA programs. It emphasizes ethics and social responsibility and has a strong curriculum, faculty, and alumni network. XLRI's management programs include the two-year full-time PGDM and executive programs in various specializations.
BITS Pilani, a well-known Indian private engineering college, offers undergraduate, postgraduate, and doctorate programs in engineering, science, technology, and management. Academics, research, and placements are BITS Pilani's strengths. One of the few Indian universities with a wholly residential campus, it is also appealing.
XLRI and BITS Pilani are reputable institutions with diverse focus and services. BITS Pilani offers more scientific, technology, and management programs than XLRI, which concentrates on management. XLRI has fewer students than BITS Pilani, which might make learning more personalized and intensive.
Will I be eligible for an MBA in A grade B schools like IIMs XLRI, NMIMS, JBIMS, etc., with scores of 90.6 in the 10th standard and 70 in the 12th standard?
As a candidate with a lower academic performance in the past, you are eligible for most of the business schools, except for a few, such as the Indian Institutes of Management in Ahmedabad, Bangalore, Calcutta, and Lucknow, which place a greater emphasis on previous academic records. However, XLRI is good news for you, as it does not consider your previous academics when shortlisting candidates. Additionally, SPJain may consider extending you a profile-based admission offer if your CAT score is at least 85 or higher and you have something unique in your profile. Other top business schools, such as NITIE Mumbai, MDI, and NMIMS, are easily within reach for you.
It is recommended that you focus on making the most of your current educational journey and not let your past academic performance impact your future opportunities. Aim to prepare well for the CAT exam, aiming for a top score, and accumulate as many quality resume points as possible to develop a unique and impressive profile for yourself. However, do not forget to live the life of an engineer, taking full advantage of your education. If you gain at least 2 years of work experience, you may consider taking the GMAT and applying to the Indian School of Business, which may consider extending you an admission offer.
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