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How are the placements for IIM Indore FPM in finance?
FPM is a Ph.D. research program. There are no placement opportunities for this program at IIM Indore.
They can try and seek a job themselves. But this practice is not encouraged by IIM. This is because it spends around 1-1.5 Cr on each FPM participant. They want them to be true to the field of academics. They don’t want FPM students to be employed by the industry, they can just work with them occasionally.
Should I join IIM Shillong? How good is it compared to other older IIMs, especially for finance?
You are asking whether you should take it or not so I will assume that you are planning to take a drop year otherwise. However, preparing and attempting CAT again is not a cakewalk. It requires a lot of determination and motivation and still does not guarantee that you will get a call from an old IIM.
IIM Shillong is rather a good choice for finance. You can contact some of its alumni to get more information on the same. Since your profile is good, Indore is also a good option for you.
But if you are adamant about joining the old IIMs, then focus on one single goal. Getting maximum percentile in CAT. Start preparing as soon as you decide to drop the year. Anything above 99.7 will guarantee you a call from one of the older IIMs. I have seen many people attempt CAT 3-4 times just to get into their choice of IIMs.
It all comes down to your determination. Like I said, dropping a year requires a lot of determination, so choose this path wisely. Else consider the various other options you have.
Is BIMM Pune the best for finance?
BIMM Pune is a great option for an MBA in finance. In fact, the college offers several specializations for MBA and all of them are great. BIMM Pune is one of the most prestigious private business schools accredited by AICTE. The college was ranked 11th amongst Top Management Institutes by Times B- School and ranked 49th amongst the Top Business Schools by India Today.
Important details about the MBA program at the institute are given below.
|
Category |
BIMM Pune |
|
Entrance |
CAT/XAT/MAT/CMAT |
|
CAT Cutoff |
70 percentile |
|
Intake |
420 |
|
Fees |
Rs. 8.45 Lakhs |
Placements:
BIMM has a robust campus placement cell that invited over 300 companies this year.
- Top recruiters are Kansai Nerolac, Infosys, Henkel, Vedanta, HDFC Bank, Wipro, TAFE, GATI, Cargill, and more.
- The college recorded a 95% placement rate for 2020.
- The highest CTC offered was INR 14 LPA and the average CTC offered was INR 6 LPA.
BIMM is one of the best business schools in Pune. It is a great college for an MBA in finance, the college provides a multitude of opportunities in terms of exposure, placements, and internships.
I have converts from IIM Trichy, Rohtak, Udaipur and Raipur. Which one is the best for a finance guy?
IIM Trichy and IIM Rohtak are superior to Udaipur and Raipur.
Because of their location, the former two IIMs have an advantage over the latter two. One is close to a prestigious engineering college, while the other is a short distance from the capital.
In the 2020 National Institutional Ranking Framework (NIRF) management school ranking, IIM Trichy was ranked 15th. Goldman Sachs offers INR 21-23 LPA; JP Morgan offers INR 21 LPA; Axis Bank offers INR 18-20 LPA, and ICICI Bank offers INR 20-22 LPA.
IIM Rohtak is also a good option for a Finance MBA. It has a favorable environment for Finance specialization. The institute has a strong faculty. The student population is competitive. You will be in classes with gifted students. The peer group is also quite diverse. There are people from various academic and cultural backgrounds present.
Which one is better for finance, IMT Ghaziabad Core PGDM or IMI New Delhi core PGDM?
First of all, IMI being located in the heart of the Indian capital gives its students the advantage of living in a vibrant and diverse setting full of opportunities.
In terms of finance, IMI New Delhi is well known for its degree programs. It provides a wide range of prospects, and one can expect a successful career graph in the financial industry. In addition to the PGDM finance specialization, the institute also offers the B&FS program for students who are interested in finance. The PGDM finance specialization has been totally customized to match business requirements with courses like Wealth Management, Treasury Management, Merger & Acquisition, Private Equity, International Finance, Investment Banking, etc.
It all depends on what your goal and preferences are, see which one aligns with your preferences and go for it. Below is a table comparing the overall numbers;
|
Metrics |
IMI Delhi |
IMT Ghaziabad |
|
Fees |
INR 19.10 Lakhs |
INR 19.53 Lakhs |
|
Highest Package |
INR 50 LPA |
INR 65.6 LPA |
|
Average Package |
INR 17.01 LPA |
INR 17.35 LPA |
|
Top Recruiters |
Barclays, Crisil, Darashaw, HDFC Bank, Adani, TESCO, Maruti Suzuki, EY |
Deloitte, Infosys, HSBC, HDFC Bank, Accenture, Cognizant |
Are New IIMs (Trichy, Udaipur, Ranchi, Rohtak, Raipur, Kashipur) good for MBA in Finance? If not suggest some B-schools. Really interested in investment banking.
Honestly speaking, a career in investment banking should not be considered by the new IIMs. It’s a too ambitious profile to match the relatively new curriculum of these IIMs. Even if you are in a top B School, you will have to remain among the top students to get placed for a front-end role. One can still get roles in corporate & business finance but getting roles in Investment Banking is rather difficult.
Yet if you are not choosing an older IIM and want to choose a newer one, IIM Trichy is the best among them. The order is
IIM Trichy > IIM Udaipur > IIM Ranchi
There are many B Schools apart from IIMs that offer great Investment Banking roles. These include SPJIMR, JBIMS Mumbai, IIFT, and XLRI.
I am interested in a quantitative finance-oriented Ph.D., so should I apply for an FPM in the Finance/Control area or Decision Sciences in IIM Bangalore?
Firstly IIM Bangalore does not offer FMP in Maths because it does not specialize in Maths. So if you are going for the quantitative field you need to choose an area of interest on your own.
In India Finance has more to do with economics rather than Maths. This is because of the lack of Maths in UG and PG schools. So the research work has a qualitative approach rather than a quantitative one. Here math is just used to express the research conducted and is not for actual research purposes. So based on this information, I have 3 suggestions for you
- If you are hell-bent on pursuing mathematical finance, do it outside India where the score is higher.
- Applying in both areas will widen your prospects. The only requirement is that you must do your area-specific courses.
- Don’t neglect other areas of finance that are very interesting and also quantitative. These include Corporate Finance or Banking.
Based on my suggestions and information you can make a wise decision that suits you the best.
At SP Jain (SPJIMR), is it possible for a guy specialising in information management to get a job in finance or consulting or any other area?
Yes, there is a possibility of getting a job in Finance or Consulting despite having a specialization in Information Management. The chances are low though and vary for every role.
Consulting: It is a very broad domain and comprises both Functional (Operations, Finance, HR) and Industry area (Automotive, FMCG, Electrical, Oil and Gas). The interviews for consulting roles revolve around the projects that a company is involved in. Hence, your specialization in Information Management is irrelevant.
There are many companies with dedicated BUs/areas for IT/Tech Consulting. They give r more preference to IM specialization and students with prior exposure and experience in technology.
Apart from consulting, other domains like Marketing, Operations, and Finance have little scope for IIM specialization. This is because companies prefer candidates with prior experience or current specialization in the required area.
My advice to you would be to select your minor specialization as your area of interest. So it’s possible to get a job in consulting despite having IM specialization but the probability is low for most of the domains.
Which would be the best choice among IIFT Kolkata, IIM Trichy and other new IIMs for someone with strong interests to pursue a career in finance?
IIM Trichy is an ideal choice for pursuing a career in Finance. Many reputed banks visit the campus for recruitment like Citi, ICICI Bank, and YES Bank. This year the Finance sector accounted for 15%of the total placements. The highest CTC stood at INR 20 LPA whereas the average CTC stood at INR 17.67 LPA.
The IIFT program of Kolkata may have an upper hand due to its location but it’s not at par with IIM Trichy. If you are interested in the program I suggest you go for the New Delhi one.
The new IIMs are somewhat similar to Trichy but they won’t help you kickstart a career directly in finance. You might have to take baby steps to enter the Finance sector. So it’s best if you choose IIM Trichy only.
Is Great Lakes-Chennai PGPM a better choice than IMI Delhi for a major in Finance?
IMI Delhi is a relatively better choice, especially for pursuing a major in finance, as they have fantastic placement support. Let us have a detailed view of IMI Delhi
Scholars – IMI Delhi is gifted with well-qualified and experienced faculty support. You will have the opportunity to attend the classes of genius scholars like Sanjay Dhamija
Subjects – Students can advance their knowledge by exploring a wide array of subjects like Investment Banking, Equity Research and Portfolio Management, Private Equity, Treasury and foreign exchange, wealth management, and so on.
Clubs and Society- There are finance clubs and an Investment society, which encourage the students to get actively attracted to the subject knowledge and allow them to be updated
So, never hesitate to choose IMI Delhi.
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