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Which is better between IIFT Kolkata and SJMSOM?
IIFT Kolkata ranked 31st in India 2019 and the only institute that has been consistently ranked among the top 10 B-Schools in the country.
SJMSOM ranked 11th in the management category in the NIRF Rankings 2020. The institute consists of a faculty strength of 30 members.
Admission process:-
IIFT Kolkata
- Minimum of 50% marks in a bachelor’s degree.
- The cutoff required in the GMAT exam for this course is 115-118 out of 300.
- The total fees required is INR 7.6 LPA.
- The total intake is 140.
SJMSOM
- A graduation degree in any subject with a minimum of 60% marks from a recognized university.
- The candidates will be shortlisted based on the written test and personal interview conducted by the institute.
- The cutoff required in the CAT, XAT, GMAT exams is 90.
- The fees required is INR 9.61 LPA.
- The total intake is 152.
Placements
IIFT Kolkata always maintains 100% placements every year. The highest package received is INR 1.5 crore in 2019.
SJMSOM witnessed 100% placements yet again in the 2019-20 placement drive. The institute also saw a steep hike of 14% in the average salary since last year.
The table given below shows the placement statistics of both institutes:
|
Categories |
IIFT Kolkata |
SJMSOM |
|
Placement percentage |
100% |
100% |
|
Highest package |
INR 1 Crore |
INR 32.8 LPA |
|
Average package |
INR 20.07 LPA |
INR 20.98 LPA |
The top recruiters are Axtria, Polycab, Zomato, Paytm, Google, PwC, L&T, JP Morgan, Accenture, etc.
Facilities
- IIFT Kolkata is a veritable storehouse of information and includes almost 3780 books in all the areas relevant to management.
- The labs at IIFT Kolkata are well equipped with the latest computer technology with Wifi enabled facilities.
- The library of SJMSOM has a total of 6638 books and 851 journals on relevant topics.
- SJMSOM has two computer labs for the management programs and are connected to 100 Mbps LAN.
IIFT Kolkata is essentially a B-School offering MBA in various disciplines like marketing, finance, strategy, etc. SJMSOM is an IIT and not a traditional B-School but is quickly finding its way into the top bracket.
IIFT Kolkata provides a lot of opportunities to initiate new developments and contribute to the new campus. Although SJMSOM might have better placements in technology and other allied sectors, IIFT Kolkata is arguably a better business school than SJMSOM.
Which would be a better choice of B school between New IIMs (Ranchi, Raipur, etc.), MDI, IIFT Kolkata, IIT-B (SJMSOM) with finance as a specialization?
Among these colleges, IIFT Kolkata or MDI will be better for Finance. According to MDI Gurgaon placements 2022 record, BFSI, and E-Commerce sectors had placement rates of 22% and 13%. During 2021 placement drive, 55 students from MDI were placed in the Finance sector. The highest CTC offered in this sector was INR 21-23 LPA.
You can also consider IIFT Kolkata. It offers similar opportunities as IIFT Delhi, in the Finance sector. During IIFT Kolkata Summer placements 2021, the top recruiting sector was BFSI.
Which one should one join for doing an MBA - MDI, NMIMS, SJMSOM (IITB), IIM Shillong, or new IIMs?
MDI will be a better option for all specializations, except Operations. If you are interested in Operations, IIT Bombay is much better. MDI Gurgaon placements are excellent. Big names such as Bill & Melinda Gates Foundation, and BCG have visited the campus placements. The 2022 placement drive had an average CTC of INR 26.65 LPA.
MDI offers the best placement in the finance domain after IIM A, B, C, FMS, and XLRI. JP, HSBC, Nomura, Stanchart, etc. are some of the major recruiters from the finance sector.
MDI placement records for Marketing are good as well. HUL, Coke, Pepsi, and P&G are some significant recruiters from the marketing sector.
Should I join IIM Indore or SJMSOM?
My cousin recently graduated from SJMSOM and has begun working at Fidelity Investments as a Delivery Manager for almost 3 years now. He suggests going for SJMSOM only if,
- You essentially prefer studying amidst a comparably smaller batch size.
- You further want to be at the Financial Capital, for either internships or job purposes.
- You prefer going for the best infrastructure and basic amenities.
- You can enjoy the brand value likewise.
You can opt for IIM Indore only if you prefer the following,
- You are confident that you can compete and stand out with a larger batch.
- You will receive the major brand value that comes along with IIMs.
- You want to secure a seat at one of the best management institutes.
- However, the placements of either institute are somewhat similar, with relevant recruiters visiting both campuses occasionally during placement seasons.
- Both the institutes offer exchange opportunities as per schedule.
Here is a brief overview of both SJMSOM and IIM Indore.
| Institute | SJMSOM | IIM Indore |
| Average CTC | 20 LPA | 20 LPA |
| Highest CTC | 26 LPA | 32 LPA |
| Major recruiters | Yes Bank, Goldman Sachs, OLA, Wipro | PwC, BCG, Microsoft, MX Player |
Both institutes are reputed so take a call based on your personal preference.
Who are some of the famous alumni of SJMSOM?
Here are some of the famous SJMSOM Alumni.
- Kaustubh Kulkarni - Head of India and Co-Head ASEAN, Investment Banking, JPMorgan
- Hasit Joshipura - SVP at Larsen & Toubro
- Ashish Dwivedi - CEO at Birla White (Ultratech Cement Ltd.) at Aditya Birla Group
- Sudarshan Bajoria - Managing Director - First Eagle Capital Advisors Pvt. Ltd.
- Raju Subramaniam - Senior Manufacturing and Supply Chain professional with diverse global experience
Here is an interview with a famous alumnus of SJMSOM
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