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Which is a better institute for an MBA for freshers, GIM (Goa Institute of Management) or LBSIM Delhi (Lal Bahadur Shastri Institute of Management)?
Both the colleges are considered to be of the same league. Both colleges indeed can prove to be an excellent choice for students. It basically comes down to what you want to pursue after the completion of the course.
- If your choice of courses is related to Finance, it would be suggested to go for LBSIM.
- For marketing courses, GIM has an edge over LBSIM.
- Both the colleges are very good in terms of placements and academics.
- LBSIM is based in New Delhi while GIM is situated in Goa.
- LBSIM has a 100% record in placements.
|
Categories |
LBSIM |
GIM |
|
Course Fee |
15.29 lakh |
17.21 lakh |
|
Highest CTC |
32 LPA |
25.6 LPA |
|
Average CTC |
9.2 LPA |
11.72 LPA |
|
Recruiting Companies |
Microsoft, Capgemini, Barclays, Razorpay, etc. |
Citibank, Accenture, Axis Bank, Bosch, etc. |
For the latest updates and changes, you can visit the official website of both these colleges. You can also connect with the seniors or ex-students through social media and get to know about the intricate details of the colleges.
Is it worth taking a loan in order to attend the Goa Institute of Management?
Taking a loan is a wise decision only if you are confident that you can risk the high fees and excel. You should be determined to achieve your goal while putting a hefty amount at stake. Once you are ready to go for MBA make a list of your most preferred institutes. Target the best B schools.
Goa Institute of Management is indeed a reputed B School and is rated amongst the best. Don’t be too hesitant to choose this one. The placements are the best not only in terms of average packages but also in the kind of roles offered and the kind of companies visited. Other factors on which GIM excels are its industry exposure, permanent and visiting faculty, and elaborate alumni network.
To be more certain contact alumni and enquire about the B Schools details. Having clarity of goals is a big step before making a big decision like taking a loan.
Which one is better NMIMS Mumbai or GIM for a PGDM?
NMIMS Mumbai and GIM are both reputed business schools in India. NMIMS Mumbai is ranked 25th and GIM is ranked 36th in the NIRF 2022 Rankings in Management.
PGDM Batch of 2023 at GIM has achieved a 100% placement, with the highest CTC at 55 LPA and an average CTC at 14.9 LPA. GIM offers a 2-year full-time PGDM. Classes are held on campus.
GIM also has a distance learning program by the name of GOAL-GIM Online Active Learning, which offers PGDM courses in the hybrid learning mode.
For NMIMS 2022-2023 MBA (Core) placements, the highest CTC (International) was 67.80 LPA and the average CTC was 26.63 LPA.
For MBA (HR) placements, the highest CTC was 25.95 LPA and the average CTC was 19.56 LPA.
NMIMS Mumbai offers a Distance PGDM, the duration of which is again 2 years.
NMIMS Mumbai is a more popular choice as compared to GIM, however, it also differs from one individual to the other.
Is Goa Institute of Management good for a PGDM in operations?
One of my friends is majoring in HR but has opted for numerous positions in IT Operations. According to her, the course is very well designed and is industry relevant. Speaking specifically about Operations, the electives under it are directly related to the industry such as
- Business Analysis
- Big Data Analytics (now a specialization in itself at GIM)
- Project Management
- Supply Chain Management
The pedagogy comprises a case-based approach with special emphasis on recent trends in each specialization. The faculty is very experienced and has had enough exposure to the corporate world. On average, around 30-40 students specialize in Operation every year at GIM. The most common roles offered to students who are specialized in Operations are
- Business Analyst
- Consultant
- Project Manager
So Goa Institute of Management is a very good option for PGDM in Operations.
Which college is the best among GIM, Nirma, and TAPMI?
All three colleges fall under the Tier 2 category of MBA colleges in India. However, TAPMI and GIM possess a slight edge over Nirma as they have a stronger brand reputation and placement figures.
When it comes to TAPMI and GIM, the former is known for finance and marketing while the latter is known for marketing as some top FMCG companies recruit from there. GIM could be considered slightly better if someone wishes to pursue marketing, and it also has a smaller batch size than TAPMI. The bigger the batch size, the harder it is for the placement team of any college.
Is it worth joining the Health Care Program of Goa Institute of Management?
The best way to know if joining a certain program is worth it or not is to determine the ROI. This can be done by roughly comparing the fees with the average package. The table below shows the main statistics
|
Particulars |
Statistics |
|
Fees |
INR 18,31,200 (tuition) + ?2.04 Lakh (Hostel) |
|
Average package |
INR 10.40 LPA (2022) |
|
Highest package |
INR 29 LPA |
Now if we compare the fees for one year with the average package, you earn more in just one year. This talks of a high ROI. This program can be preferred over other programs mainly because of the higher ROI it offers than because of relatively lower fees.
What is your opinion about the Goa Institute of Management for healthcare management?
Goa Institute of Management (GIM) is a premier B-school in India, offering postgraduate programs (PG) in management (PGDM, Executive MBA/PGDM, and FPM). The healthcare management program here is designed to provide students with the knowledge and skills required to manage healthcare organizations effectively and efficiently. GIM has a reputation for academic excellence, and its healthcare management program is regarded as one of the best in the industry.
Below is a table showing different aspects and specialties of the college;
|
Aspects/Specialties |
Details |
|
Program Offered |
Post Graduate Diploma in Healthcare Management (PGDM-HCM) |
|
Duration |
2 years full-time |
|
Eligibility Criteria |
Bachelor's degree with minimum 50% aggregate marks (45% for SC/ST candidates) and valid CAT/XAT/CMAT/GMAT scores |
|
Curriculum |
Courses such as Healthcare Systems & Policies, Healthcare Marketing, Healthcare Operations Management, Healthcare Quality Management, Healthcare Finance & Accounting, etc. |
|
Fees |
INR 19 Lakhs |
|
Placements |
Highest International CTC - INR 60.4 LPA Highest Domestic CTC - INR 55 LPA Average CTC - INR 14.87 LPA |
|
Rankings |
NIRF #36 out of 125 in 2022 |
|
Top Recruiters |
CRIF, Optum, HSBC Bank, Accenture |
But it is all subjective and depends on your goals and preferences, choose wisely.
Is it worth paying almost 20 lakhs for the big data analytics program at Goa Institute of Management?
My friend is currently pursuing a GIM PGDM BDA course and feels that the course is totally worth the fees he spent. The course is becoming a very coveted one because of the increasing demand for data analysts and scientists. Nowadays the Big Data industry is in full swing and is in great demand.
Moreover, this program's course structure, pedagogy, and faculty are industry relevant. The curriculum ensures the delivery of necessary knowledge, tools, and languages.
The course is a rich blend of basic managerial concepts with technical aspects in a ratio of 4:6.
What is the career after a PGDM from Goa Institute of Management?
The career prospects once you complete your PGDM from Goa Institute of Management depend largely on your specialization and the plethora of opportunities available. The overall placement has been decent but specialization-wise, there are continuous changes.
GIM is generally considered to be an average B School that does not even make it to the top 20. But its alumni have proven otherwise by achieving more than a top B School graduate. But this wasn’t a cakewalk and required a lot of determination and passion.
The career prospects are subjective and can be determined solely on your performance, specialization, and your determination. It’s not the same for all as GIM is not a top B School. You will have to pave your own way to success.
Which college out of GIM and KJ Somaiya is better for core MBA?
Between GIM and KJ Somaiya which is the better institute that depends on which domain you will choose. Both the institute is reputed for management education and have their advantages.
Given below is a brief comparison between the two institutes.
|
Category |
GIM |
KJ Somaiya |
|
Accredited by |
AICTE, NBA, AIU |
AIU, NBA |
|
Rank |
48 (NIRF) |
56 (NIRF) |
|
Entrance exams |
CAT/XAT/CMAT/GMAT |
CAT/XAT/GMAT/CMAT |
|
Selection |
Personal Interview |
Group Discussion, Personal Interview |
|
Course fee |
15.98 lakhs |
14.93 lakhs |
|
Placement rate |
100% |
97% |
|
Highest CTC |
25.6 LPA |
28.5 LPA |
|
Average CTC |
11.7 LPA |
10.08 LPA |
|
No of companies visited |
120 |
165 |
|
Top recruiters |
Nestle, Infosys, Deloitte, IBM HP, Wipro, HSBC, Capgemini, Cognizant |
Amazon, Google, Siti, IBM Deloitte, Ernst, and Young HSBC, Mercedes Benz, Bloomberg |
For Finance, KJ Somiya is a better option than GIM. KJ Somaiya has a location advantage as it is situated in Mumbai, the financial capital of India. The course fee of KJ Somaiya is also lower than the GIM.
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