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Are there any people with poor academic record who still got into any IIM, XLRI or FMS? If yes, why not share your stories here?
Yes, there are many people who converted IIM, XLRI, FMS calls, even with a poor academic record. I personally know someone who scored less than 50 percentile in engineering yet got accepted at XLRI. He performed well in MBA and now works as a senior HR at a major eCommerce company.
Academic record isn’t the only thing that these institute takes into consideration while selecting students. Your entrance examination score, performance in GD-PI, extracurricular achievements, etc. are equally important.
Can an average student get into FMS Delhi with a high CAT percentile? What will be a safe CAT score for an average student to get into FMS Delhi?
Of course, yes. FMS Delhi is everyone's ideal college. The pattern has been changed, and the paper is now worth 228 points. A score of 115 is sufficient to receive a call from FMS. It is the only tier-1 college that places little emphasis on previous academic performance. If you scored a 99.50 or higher on the CAT exam, you will almost certainly receive a call from FMS. To transfer to college, one must be fluent in English.
The FMS process includes group discussions, extempore, and, finally, a personal interview. In addition, they included an SOP in their selection process. You must describe who you are, your accomplishments in the workplace, and your motivation for pursuing an MBA in a statement of purpose (SOP).
Everyone is interested in FMS because of its large batch size and high ROI. To get into FMS, you must score higher than the 99 percentile. Try your hardest to achieve the highest percentile possible while ignoring your academic records. FMS is the best option for you if your academic performance is subpar. Because the college calls candidates 10 times the number of seats, scoring 99.50 percentile guarantees you a call from FMS. There are 251 seats available in FMS. Simply devote yourself entirely to the preparations and concentrate on increasing your percentile. The higher your CAT exam score, the more likely it is that you will convert.
What is the least package offered in FMS Delhi?
The salary-wise placement statistics of this year at FMS are as follows
Below INR 20 LPA: 13
INR 20 LPA – INR 24.9 LPA: 89
INR 25 LPA – INR 29.9 LPA: 33
Above INR 30 LPA: 122
So it can be inferred from the above data that the lowest package was around 5-15 LPA. Such low packages are accepted by students who are in desperate situations. This can be due to a poor CV or lack of communication or an inability to handle the stressful placement process. Such desperate situations result in compromising brand name, CTC, location, domain, or designation.
So if you are concerned that the lowest package is less than what you are expecting, rest assured. Because you can still work in improving your profile, work on your content and communication and make the best of the on and off-campus opportunities.
What is your review of the Faculty of Management Studies, University of Delhi?
One of the most cited B Schools in India, the Faculty of Management Studies focuses more on management education and not just on business management. The pedagogy comprises fieldwork, case studies, and feedback with a strong emphasis on concepts and theory.
According to IIFT 2022, its national rank is 4th. I will try to give an unbiased review based on the following aspects
Placements
FMS Delhi maintains a stable placement record of almost 100% over the years. Students receive high salary packages every year. The highest salary this year stood at INR 58 LPA whereas the average salary stood at INR 34.2 LPA which increased by 30.5% as compared to the previous year. Some major firms that visited the campus for recruitment are Boston Consulting Group, Nykaa, Paytm, Adobe, Adani Group, and BYJU.
Infrastructure
Although FMS offers no special hostel facilities, the DU hostels are also a choice. Around 20% of the batch go for hostels test search for PGs or flats near the campus itself. The students can avail of playground and sports facilities at Delhi University.
Faculty
The faculty is top-notch and very experienced. The teaching is not restricted to classrooms and assignments rather the faculty adopts a case-based approach. Various live projects are conducted every year. Top management executives visit the campus and hold guest lectures to provide maximum exposure to its students. Other assignments and field projects have tight deadlines and aid in the proper evaluation of the students.
So overall I think FMS is really a good choice for someone who wants to learn from the best at minimal expenses.
How do I write career goal column while filling FMS Delhi application form?
You can fill the career goa column with points like these
- why are you better than the rest
- why did you choose FMS
- How is MBA related to achieving your goals
The first question can be answered by mentioning your strengths and weaknesses and how you have qualities and skills that others lack. You can speak about the goal-oriented mindset that has brought you to the interview room.
The answer to the next question can be written after talking to an alumnus of FMS. You can mention things like ROI or the low fees factor, the excellent faculty, and the accreditation with Delhi University. All these reasons made it almost impossible for you to not choose FMS.
The answer to the last question is a bit tricky as one necessarily does not have goals while pursuing MBA. Most people do it because many intellectuals are also doing so. And trust me this is not wrong. All you need is to trust the process and their intellect. One smart way to answer this question is to establish a past belief in how you have known it all along and how you made it. You can write your ultimate goal and also how this is just the starting point.
Some points to consider while writing these answers are
- Write the answers such that it reflects your true self
- Proofread the answers for connotations, interpretations and grammatical errors
Just know that this form is not the basis for shortlisting just a basis for the questions that will be asked to you.
How are the placements for engineers with no work experience at the IIMs, FMS Delhi and XLRI?
The two most important factors considered by recruiters during Placements at IIM ABC/FMS/XLRI are
- Brand of UG College - SRCC/Old IITs/BITS/CA
- High Academics - University RankHolders, City Toppers in Boards, or at least Department Rank Holders with 8.5+ in Engineering.
MBA scores are of much importance during Final Placements but are Not available during summer placement.
If you have passed the above criteria, you are most likely to land any job. Still, I have segregated the roles that require work experience and the roles that do not.
Roles that require work experience
- Operations/Supply chain/product management.
- Any role will require work experience if your above 2 criteria are not up to the mark.
Roles that do not require work experience
- Consulting
- Investment Banking
- PE/VC
- Marketing
- Corporate Finance roles
So most of the jobs do not require work experience. Even if they do only non-engineering work experience is of value unless you want to go into Operations/Supply chain/product management.
What is the pattern of the written ability test (WAT) taken by FMS - Delhi for an MBA (executive program)?
The eligible students are selected for the Executive MBA programs based on the following parameters
Written Test
Duration: 1-hour
Total Questions: 70 questions
Total Marks: 35 marks
Level of difficulty: Medium to High
Questions are usually related to General Knowledge, Business Knowledge (Current affairs from Business news), Maths, English and Logical Ability. The main topics covered are
Quant (15 questions)
This section comprises questions based on speed, distance, relative speed, trigonometry, geometry, and simple equations. work to man hours effort
LR
This section has a conclusion-based, inference, and chooses the best answer out of all.
English
This is the easiest section with just correcting grammatical sentences.
General Awareness
This is the most challenging section and needs proper prior preparation.
How much do the top B-schools like the IIMs FMS, MDI, XLRI, SP JAIN, JBIMS, IIFT, and NITIE inflate their placement reports?
In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.
CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.
Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:
- Amazon:
Fixed component: 9 lakhs
Year 1 end retention bonus: 2 lakhs
Year 2 end retention bonus: 1.5 lakhs
ESOP: 5 lakhs to be paid over 3 years
Performance bonus: separate/not reported CTC: 17.5 lakhs
Take-home salary: 65-70k
- Goldman Sachs:
Fixed component + Variable component: 14.5 lakhs
Relocation: 2,00,000 INR (one-time payment)
Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)
CTC: 20 lakhs
Take-home salary: 95-98k
- RBS India Development Center (Royal Bank of Scotland back-end):
Fixed component: 9 lakhs
Variable component: 10-20% of a fixed component
CTC: 10.8 lakhs
Take-home salary: 65-68k
As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.
Will I get a good placement with 70% in 10th, 70% in 12th, 63% in graduation, and an MBA from FMS Delhi?
If you are concerned about your past academic records then rest assured for the final placements don’t usually pay much attention to past academic records.
MBA is much more than just learning and writing your answers and scoring good marks. It is more about applying logic and increasing your decision-making skills. So to compensate for your poor past academic performance, become a part of the managerial committee and improve your resume. Enhancing your decision-making and managerial skills will increase your chances of getting a good placement than your academic background.
Also, FMS in itself is a brand name that will fetch you a good package.
What is the fee structure in FMS Delhi for MBA
The tuition Fees at FMS Delhi are one of the lowest and most affordable Business schools in the country.
The Annual tuition fee for MBA-Full Time and Ph.D. programs at FMS is INR 10,480/-year.
For MBA-Executive and MBA-Executive (Health Care Administration) programs, the annual fee is INR 50,000 in two equal installments of INR 25,000 each.
FMS does not have a hostel facility so its students live in the vicinity of the campus in PFs and flats. The monthly expenses range from 15-30k based on your maintenance.
However, the campus hostel is cheap and excellent. The fee for the campus hostel is INR 1400 for accommodation and INR 1200 for food.
So the total fees is very low compared to other top B Schools that are similar in ranking to FMS. Also if you consider the following ROI, FMS students don’t have to really pay much from their pocket
- Stipend from summer placements
- National level scholarships, Merit based scholarships, and Need-based scholarships offer lakhs of rupees in awards and grants
- A number of opportunities of providing paid consulting to top corporates
- Working with various firms and organizations on live projects and experiential learning programs.
All these ROI prove that despite being taught by the most experienced faculty and getting maximum exposure, the fees spent are considerably less.
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