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Which one is a better option among the three, XLRI (HRM), IIFT Delhi or IIM Indore?
Among these three options, XLRI (HRM) is best. It is the best Human Resources program in the country. The academics and placement opportunities offered are top-notch. XLRI placements 2022 concluded with an average CTC of INR 30.7 LPA. The highest CTC offered this year was INR 60+ LPA.
XLRI offers an enviable learning experience. Your classmates, seniors, and juniors are some of the most talented people you will meet. Being one of the oldest B-School in the country, the XLRI brand name is widely reputed in the industry.
Which is a better option? XLRI or JBIMS in all terms?
It’s difficult to determine which institute is better as the courses are not mentioned for the given college. However, given below are information about the colleges in all terms, which may help you make the decision.
XLRI, 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.
Courses offered:
The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM.
Admissions:
To get into this college for PGDM programs, the college accepts XAT and GMAT marks. The end of the selection 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:
-
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 was Rs 21 LPA.
Jamnalal Bajaj Institute of Management Studies (JBIMS):
The college is ranked as 24th for MBA by outlook in the year 2020. The college was one of the earliest business schools in India.
Courses offered:
Under the MMS program, there are various courses that are offered which include; finance, marketing, operations, HR, and systems.
Admissions:
-
To get admissions one should have a UG degree from any recognized university.
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Candidates who give the paper for CAT and CMAT can also apply for the college.
Faculty:
The faculty of the college is well experienced and well versed in the subjects that they teach.
Placements:
For the academic year 2019, the placement for JBIMS, Mumbai saw significant growth from last year.
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The highest salary went up to 32.30 LPA, an 8% increase from the previous year.
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The median salary stood up to 20 LPA, an 18% increase from the previous year.
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The top companies include J.P. Morgan Chase & Co., McKinsey & Company, Hindustan Unilever, the Boston Consulting Group, and Goldman Sachs.
Therefore, apart from the placements, both these colleges are more or less similar. But if one has to choose a college, they can look at the information given above.
Should I choose MBA at XLRI (BM) or MBA at SPJIMR (Marketing)?
SPJIMR (S.P. Jain Institute of Management and Research) is a business school in Mumbai. It is affiliated under Bhartiya Vidya Bhavan and is a private business school. It has a campus of 45 acres in Andheri’s Western suburb regions. It’s been ranked 16 by NIRF 2019 in the category of best business schools in India.
XLRI formerly known as Xavier Labour Relations Institute or Xavier Institute of Management is a private business school in Jamshedpur, Jharkhand. It is affiliated with AMBA and AACSB. In the management category, it’s been ranked at 4th by NIRF 2020.
Admission:
SPJIMR:
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For PGDM Marketing, the applicant should have a bachelor’s degree with at least 50% marks.
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The overall cut off of CAT is 85 percentile.
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If the applicant has given an entrance exam of GMAT, the cut off marks will be 85 percentile.
XLRI:
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The qualifying scores for admission in XLRI is XAT. The required cutoff in 2019 was 96.
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Along with XAT, applicants are required to give a written ability test (WAT), Group Discussion (GD), and personal interview (PI).
Given below are a few of the key information for the PGDM Marketing program at SPJIMR and MBA BM at XLRI.
|
Category |
S.P. Jain Institute of Management and Research |
Xavier School of Management |
|
Fee Structure |
17.5 lakh (MBA) |
23.6 lakh (BM) |
|
Faculty |
44 |
81 |
|
Placement Percentage |
100% |
100% |
|
Highest Package |
51 lakh per annum |
58.5 lakh per annum |
|
Average Package |
26.36 lakh per annum |
21 lakh per annum |
Recruiting Companies:
-
The top recruiters at SPJIMR are Goldman Sachs, McKinsey & Company, PwC, EY, Bain & Company, Deloitte, Capgemini, Bristlecone, Boston Consulting Group, IIFL, Bajaj Finserv, American Express, HSBC IB, ICICI Bank, JM Financial, Barclays, Duff & Phelps, etc.
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Some of the major recruiters at XLRI are Amazon, Flipcart, TCS, Microsoft, Ola, Cipla, JCB, Xiaomi, HCL, PWC, India Mart, OYO Room, Myntra, Mahindra, ACT, Capgemini, JP Morgan Chase, Samsung, Asian Paints, American Express, ICICI Bank, JM Financial, etc.
The choice of the particular college relies totally upon the student’s interest and priority. This is only the factual data of both the colleges.
How honest are the non-IIM MBA colleges (SPJIMR, NMIMS, SIBM, XLRI) when they say their average package is 12-15L?
SPJIMER, SIBM, and XLRI placement reports are pretty accurate. Rather than the typical average/median CTC method, SPJIMER publishes its placement report in IPRS format. Every figure mentioned in the placement report is true to the 2nd decimal point.
XLRI and SIBM also keep the placement report transparent. SIBM gets its placement audited regularly. As per the 2022 placement highlights, the average CTC for SPJIMER, SIBM, and XLRI were INR 23.6 LPA, INR 23.06 LPA, and INR 30.73 LPA respectively.
NMIMS inflates the report. The numbers are quite high.
How are XLRI, XIMB, FMS, and NITR to pursue MBA (BM)? What about the placements?
FMS, XLRI, XIMB are among the top B-Schools in the country. NITR doesn’t belong in the same category as these institutions.
FMS placements are great. It offers the best ROI, in the country. The course fee for an MBA at FMS is only INR 1.92 Lakhs, while the average CTC offered by the institute is around INR 32.4 LPA. Most of the top Finance and consulting companies visit FMS for placements.
XLRI is one of the oldest and reputed B-School in the country. However, it is more known for its HRM program rather than MBA BM. XLRI placements 2022 had a median CTC of around INR 30 LPA.
XIMB offers a decent MBA BM program. The placement for this course are pretty good. According to the recent highlights of XIMB placements, students receive a median CTC of around INR 15 LPA.
Is a PGCBM from XLRI worth doing?
It depends on your expectations. Doing a PGCBM will certainly be a good addition to your resume. You will get to learn from some of the leading professionals in the field of management. You will also get the opportunity to network with XLRI alumni. You can benefit a lot if you have a start-up idea and want to learn the ropes of management.
But getting better job offers based on the certification can be difficult. A PGCBM is not as valuable as the flagship programs offered by XLRI, in terms of immediate improvement in career outcomes.
Which college is better for HR, Symbiosis Pune or XLRI?
XLRI offers a two years Human Resource program at PGD level and Symbiosis Pune offers an MBA and a Diploma in HR Management. The XLRI program has been ranked the best in Asia Pacific. Both institutes receive employment offers from names like Citibank, Yes Bank, Axis Bank, Mercer, Ranbaxy, Dabur etc.
The table below shows the information on the institute and programs-
|
Parameters |
XLRI (HR) |
Symbiosis Pune (HR) |
|
Placement Percentage |
100 |
100 |
|
Campus size (acres) |
50 |
300 |
|
Total Seats |
120-180 |
182 |
|
Fee |
INR 4.10-23.0 LPA |
INR 2.3 - 6.15 LPA |
|
Average Package |
INR 23 LPA |
INR 27.18 LPA |
Admission Process
- Admissions are based on merit and entrance scores. Students need 50% marks in BA/BSc to take admission into Symbiosis Pune or XLRI.
- SNAP/XAT/GMAT exam can be taken to fulfill eligibility requirements.
Infrastructure and Faculty
- XLRI has its historic Sir Jehangir Ghandy library; computer centre; AC lecture halls; Amphitheatre; and 4 residence halls.
- Symbiosis Pune has a state-of-the-art campus with a conference hall, a 600-seater auditorium, canteen, central library, and 3 hostels.
Both institutes have 5 - 10 faculty members with NET and PhD qualifications.
Placement Details
- XLRI had 100% placements in 2020. All 359 students from the management programs got recruited within two days of the process's initiation. 362 international and domestic offers were made with an average payment 24.30 LPA and the highest international offer of 58.5 LPA. The major recruiters of HR students were from the IT and Manufacturing sectors. KPMG and PricewaterhouseCoopers made the most offers.
- Symbiosis Pune placement data for 2020, shows that 24% HR students were offered jobs with PPOs and the highest CTC offered was 34.2 LPA. The major recruiters were Cipla, Capgemini, Cisco, and KPMG.
Students can make a choice based on facts listed above in coherence with future goals.
What's the selection procedure of XLRI, Jamshedpur?
Here is the XLRI admission process in brief.
- Take XAT. It is an aptitude test like CAT.
- If you clear XLRI cutoff, you will get a shortlist.
- You have to attend the GD-PI round. It is usually the make-or-break round.
The final selection is based on performance in XAT, Group Discussion, Personal Interviews, past academics, and relevant work experience.
Which MBA college is good: XLRI, ISB or IIFT?
IIFT is an excellent institution not particularly in India but also in Asia. It is a 55-year-old institution under the ministry of commerce and has the best to offer in areas of International Business and Foreign trade. ISB is quite reputed among students. The global ranking is the selling point and XLRI carries class and quality. It depends on what specialization you want to choose.
The table shows a brief overview of the institutions.
|
Particulars |
XLRI Jamshedpur |
ISB Hyderabad |
IIFT Delhi |
|
Median Salary |
INR 15 LPA |
INR 25.7 LPA |
INR 18.20 LPA |
|
Entrance Criteria |
XAT/GMAT |
GMAT / GRE |
IIFT |
|
Fees |
Rs. 4.26 Lakh |
Rs. 37.49 Lakh |
Rs. 7.6 Lakh |
Comparison:
- For Foreign trade and Int business, IIFT is way better than even IIMs, let alone XLRI and ISB.
- IIFTs has affiliations with WTO, UNESCAP, WORLD BANK, and other UN and international research organizations.
- For HR, XLRI is better than the others. It can be called the Mecca of HR studies. XLRI has a global reputation for HR.
- XRLI is the first B-school that TATA established to direct the early dreams of Indian business management directed at reconstructing India into a compelling economy.
- ISB offers a great brand name and a global ranking.
So, choose the institute based on your choice of specialization.
XLRI or IIM Lucknow?
Comparing XLRI and IIM Lucknow in terms of placements can be difficult unless you have personally gone through the process at either institution. Both institutions have a variety of firms that come to recruit from them. However, it depends on your career aspirations and interests. If your focus is on HR, XLRI is the better option. However, if your interests lie in other areas such as marketing and finance, IIM Lucknow may be a better fit as it has more firms that regularly visit across these domains, particularly in consulting.
In terms of infrastructure, IIM Lucknow has better on-campus facilities for both recreation and academics. However, it is worth noting that the infrastructure at both institutions should not present significant problems.
Finally, when considering the alumni network, the IIM tag opens more doors. XLRI is a well-respected brand, but the sheer number of IIM Lucknow alumni in the job market makes it stand out.
In conclusion, the decision between XLRI and IIM Lucknow largely depends on whether or not you want to study HR. If you do, XLRI is the better option, otherwise, IIM Lucknow is a better choice in terms of placements, infrastructure, and alumni network.
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