When selecting between IMI, NMIMS, and Symbiosis for your MBA, keep in mind that all three institutes are located in great urban centers with easy access to corporate offices and opportunities. If you're interested in Corporate Finance or Financial Markets profiles, IMI and NMIMS should be great options for you. However, Symbiosis has traditionally held an edge in Marketing and HR due to its diverse gender profile and mobility.
All three institutes are considered niche colleges that provide a decent MBA in Delhi or Bombay, with good opportunities for summer internships and frequent visits from recruiters. While ranking them can be difficult, NMIMS has fallen behind in recent years and is now lagging behind in terms of job opportunities in Finance or other fields in Bombay.
When it comes to Finance jobs, IMI stands out with better CTC offers, but remember that other factors, such as the exposure you receive, the profile you are offered, and your own performance during your studies, will also play a significant role in your future career success. Therefore, be sure to research each institute thoroughly and choose the one that best aligns with your goals and interests.
Except SIBM-Pune and SCMHRD, all SIIB, SIDTM, and SCIT colleges are the best Symbiosis business schools present in Pune. The admission process is the same for all and is based on entrance tests followed by personal interview and group discussion.
Ranking
Tabulated below gives a brief overview of both institutions:
Particulars |
SIIB |
SIDTM |
SCIT |
No. of seats |
210 |
150 |
180 |
Top recruiters |
ITC ABD, VMware, Zydex Industries, Darashaw, Accenture, Merck (MSD), HDFC Bank, Dun and Bradstreet, , BOX 8, Michael Page, Axis Bank |
Accenture, Aditya Birla Group, Airtel, Capgemini, Cognizant, CRISIL, Deloitte, HCL Technologies |
ACCENTURE, American Express, Axis Bank, Capgemini, Deloitte, Ernst & Young, EXL Services, Gartner, HCL Comnet |
Average salary |
10.60 lakhs |
11.60 lakhs |
11.1 lakhs |
Admission process
Placements
SIIB, Pune
SIDTM, Pune
SCIT, Pune
Overall all colleges of Symbiosis are equally good at their place. All business schools provide good facilities, Infrastructure of institutes are also pretty well maintained. All institutes provide 100 % placements to students. The teachers are very helpful and kind. The environment of the schools is also friendly and engaging.
For an MBA, KJ Somaiya is the best option among these. It is well recognized in the industry. It also has a locational advantage. As it’s located in Mumbai, it’s easier to get placements and internship opportunities. KJ Somaiya placements 2022 concluded with an average CTC of INR 10.95 LPA. The placement rate is around 98%.
In the long run, it can be argued that the Indian Institutes of Management (IIMs) may offer better opportunities for learning and growth compared to the Symbiosis Institute of Business Management (SIBM). While an opportunity to learn from any IIM is certainly wonderful, it is worth noting that the IIMs are known for their rigorous academic programs and may push students very hard.
In terms of specific areas of study, IIM Trichy may have a stronger focus on finance compared to IIM Udaipur, but in other specializations, the two institutes may be relatively similar. However, IIM Udaipur may offer more support for entrepreneurs and may provide easier access to international exposure. Ultimately, the decision of which institute to attend should be based on an individual's priorities and goals.
SIBM Pune is a reputed B-School and its MBA program ranks among the top 20 MBA programs in the country. It ranks a little behind the top B-schools like IIM ABCL, FMS, XLRI, etc. But it is ahead of tier 2 B-schools.
It is a great option for pursuing an MBA, especially for specializations in HR and Marketing. The institute has an impressive placement record. SIBM Pune placements 2022 have witnessed an average CTC of INR 23 LPA. While the highest CTC is 35 LPA.
Narsee Monjee Institute of Management Studies (NMIMS) institute is one of the best management universities in India. Admissions in this university are based on qualifying exams NPATand NMAT followed by personal interview and counseling.
Symbiosis Institute of Business Management (SIBM) Pune is one of the best business schools in India. Admission to this university is based on an entrance test known as Symbiosis National Aptitude Test (SNAP) followed by personal interview and group discussion.
Symbiosis Center for Management & Human Resource Development (SCMHRD) holds 13th rank for MBA issued by times. Admissions for MBA are based on an entrance test followed by a personal interview and group discussion.
Placements
Narsee Monjee Institute of Management Studies (NMIMS)
SCMHRD
Symbiosis Institute of Business Management (SIBM) Pune
Infrastructure and faculty
NMIMS
SCMHRD
SIBM
Overall all institutes are good for and the admission process of all institutes is also not that tough. But if we particularly talk about placements then NMIMS and SIBM are better than SCMHRD and NMIMS even has a record of 100% placement last year. With this, all institutes have an engaging and encouraging environment.
There are several factors that you should consider before deciding on a business school. Fee is one of them; though the fees you pay at any business school is not directly equivalent to the average package offered, so keep that in mind before making any decision.
Now, Management schools generally increase their annual fees by 10 to 20% every two years. For instance, in the year 2018, MICA increased their fees from Rs 16.5 lakhs to 18.5 lakhs and then last year, they increased it again to Rs 20 lakhs. Similarly, SIBM Pune increased their fees by 20 % in the year 2018. Thus, bear in mind that most business schools change their fee structure annually or bi-annually while it is a deciding factor, it is also highly common.
Tabulated below are the recent fee structure and average salary offered by the institutes:
Institute Name |
Fee Structure |
Average Salary |
MICA |
21 LPA |
13.9 LPA |
SIBM Pune |
18.8 LPA |
20.14 LPA |
IIM Shillong |
10 LPA |
18.76 LPA |
Comparison:
MICA is an excellent college with a unique structure; people are creative and innovative there. The college will definitely help you grow and will offer you a very different and unique experience, unlike a traditional management school. While it is a good and upcoming college; it has to work to match up to management colleges like SIBM Pune and IIM Shillong.
SIBM Pune has a slight edge over SCMHRD. It is the first campus of Symbiosis and has a legacy of more than four decades. It has a wider and stronger alumni network. The cutoff for the two campuses varies only by 0.2-0.4 percentile with SIBM having the higher cutoff most years.
SIBM Pune placements have been pretty good over the last few years. According to the placement highlights of 2022, the average CTC offered to the students was INR 23.06 LPA. The highest CTC offered was INR 45.5 LPA.
IIM Nagpur recently concluded the final placements for the sixth batch of its flagship MBA program, reporting a 15% increase in average salary to Rs. 15.21 LPA for the 2020-22 batch. Despite an increase in tuition for the 2022-24 batch, the 2-year program fees remain at Rs. 18 lakhs. The current batch, which was the first to experience a hybrid learning model, successfully completed campus placements virtually. IIM Nagpur attracted recruiters from a variety of sectors including consulting, BFSI, FMCG/FMCD, ITES, e-commerce, manufacturing, and logistics.
Similarly, SIBM Pune, the flagship institute of Symbiosis International University, successfully completed its campus recruitment program for the 2020-2022 MBA flagship and leadership & strategy batch. The institute saw record numbers this year, with over 100 organizations participating in the recruitment drive across sectors such as automotive, BFSI, consulting, FMCG/FMCD, healthcare & pharmaceuticals, IT/ITES, and manufacturing, among others. This success can be attributed to the institute's student-driven culture, strong corporate engagement model, and rigorous academic program.
According to the placement report for the 2021-22 batch, the institute saw a 49.77% increase in the highest salary, which stood at INR 45.5 LPA. The average salary for the batch was INR 23.06 LPA, with female students receiving an average of INR 24.81 LPA and male students receiving an average of INR 22.31 LPA. These figures demonstrate the strong performance of the batch in the job market and the value that employers place on the institute's graduates.
If you're looking to specialize in marketing and work in fields such as strategic communication, advertising, and media management, then MICA would be the perfect fit for you. They offer a range of courses and programs that focus specifically on marketing, making it an ideal choice for those who want to go deep in this field.
However, if you're an engineer looking for a more general approach to sales and marketing, you may want to consider NMIMS Mumbai, SIBM Pune, or IMT Ghaziabad. All three institutes are similar in their approach to marketing, but each has its unique advantages and disadvantages.
NMIMS Mumbai, for example, has a higher cost and a smaller campus compared to SIBM and IMT. However, it also boasts a strong brand and alumni network, which can be very advantageous when it comes to finding jobs or internships. Additionally, the packages offered by NMIMS are generally higher than those at IMT and slightly better than SIBM.
On the other hand, SIBM Pune and IMT Ghaziabad offer a larger campus and a more affordable cost of attendance. However, they may not have the same level of brand recognition or alumni network as NMIMS Mumbai.
Ultimately, it comes down to what you value most in an institute. If you want a strong brand and alumni network and are willing to pay a higher cost for it, then NMIMS Mumbai might be the right choice for you. If you're looking for a more affordable option with a larger campus, then SIBM Pune or IMT Ghaziabad may be a better fit.