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Considering my interest in Finance and a prior IT work experience of 2.5+ years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs (IIM Ranchi/Trichy)?
I believe that the roles available in the finance sector at NMIMS are readily equivalent to those at IIFT, if not superior. Mumbai's location is quite advantageous for the institute. During placements, a sizable number of finance companies visited the campus.
However, there is fierce rivalry for these positions within the class, particularly among those who studied business as a major in undergrad. This is why it can be difficult for engineers pursuing an MBA at NM to be shortlisted for financial positions because financial institutions prefer to interview candidates with backgrounds in commerce. However, getting on a shortlist for financial roles becomes simpler if you are able to pass one or two levels of CFA or FRM.
In terms of financial roles, NMIMS = IIFT > new IIMs
Considering my interest in Finance and a prior IT work experience of 2.5 years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs IIM Ranchi, Trichy?
When it comes to financing roles, NMIMS is generally seen as being on par with or even better than IIFT. One advantage of NMIMS is its location in Mumbai, which can be beneficial for students seeking finance roles. A decent number of finance companies visit the campus during placements, offering a good range of opportunities for students. However, it's worth noting that the competition for these roles can be quite intense, especially for students with engineering backgrounds. This is because finance companies often have a tendency to shortlist more students with commerce backgrounds for interviews.
That being said, if you are able to clear one or two levels of the CFA or FRM exams, it can become easier to get shortlisted for finance roles at NMIMS. Overall, when it comes to financing roles, NMIMS is generally seen as being on par with IIFT and better than the new IIMs.
Which one would be the better option betwen JBIMS and XLRI for finance?
Jamnalal Bajaj Institute of Management Studies or JBIMS is situated in Mumbai, Maharashtra, and Xavier Labour Relations Institute or XLRI is located at Jamshedpur, Jharkhand. For the year 2020, XLRI was ranked 9th by NIRF in the Management category. JBIMS has been ranked 7th by Business today.
Admission
JBIMS:
- MMS - Students must have passed graduation with 50% along with MAH CET score. The fee structure for the course is INR 49,980.
- M.Sc Finance - Passed graduation with min. 50% in mathematics at HSC/Degree. The fee structure for 1st-year is INR 3.40 Lakhs.
XLRI
- FPM - Passed master’s degree/B.E or B.Tech degree with 55-60% marks. The institute charges 5.5 lakhs for the program
- Executive FPM - Passed MBA with 60% marks. The total fee structure for the course is 9 lakhs.
Placements:
JBIMS
- For JBIMS, 41% of students were placed in the BFSI & IB sector, followed by the Technology sector with 19% of the total students being placed.
- At JBIMS, a total of 52 companies were part of the summer internship drive including Axis bank, Castrol, Barclays, Deloitte.
- The highest stipend was Rs. 5.5 Lakhs and the average stipend was Rs. 1.89 Lakh.
XLRI:
- XLRI has an Alumni base of more than 16,000.
- In the year 2020, the IT/ITES sector was the largest recruiter with 30% of the total offers.
- 90 XLRI students were placed in the year 2020.
- The highest international CTC was Rs. 58.22 LPA and the highest domestic CTC was Rs. 26 LPA.
The table given below highlights the overall placement statistics for both institutions:
|
Aspect |
JBIMS |
XLRI |
|
Major recruiters |
Accenture Strategy, HDFC, Infosys Consulting, ICICI, Mahindra, Airtel, JP Morgan Chase & Co. |
KPMG, PricewaterhouseCoopers, Accenture, Microsoft, Amazon, P&G, GAIL. |
|
Highest CTC |
INR 32.3 LPA |
INR 58.22 LPA |
|
Average CTC |
INR 20.13 LPA |
INR 15.42 LPA |
Campus Life -
- XLRI has an Interdisciplinary Behavioral Lab, designed specifically for the study of human subjects. There are many extracurricular societies and Interest groups like Dracula, SIGMA - Oikos, AXIOM, Bodhi tree, CEASE etc.
- JBIMS has several committees like the STRATEGYM, the CATALYST forum etc and conducts International research conferences.
A better option for finance should be selected by comparing above facts, your perception of the college brand image and the ROI which is on an average 20.14 for JBIMS and 0.65:1 for XLRI.
How is IMI Delhi for finance?
IMI Delhi should definitely be on your list for Finance. The college is known for its PGDM degree in Finance and is located in the heart of the city, making it easily accessible for all.
IMI Delhi has one of the best faculty bodies in the country and offers a wide range of subjects to choose from. The course outlines are tailored to meet the industry requirements and are designed to provide theoretical knowledge as well as practical insights. You can expect to learn subjects like Wealth Management, Treasury Management, Merger & Acquisition, Private Equity, International Finance, Investment banking, and many more.
The classroom studies at IMI Delhi are completely case-based, which means you get an opportunity to relate theoretical learning with real-time challenges persisting in the industry. This approach prepares you well for the practical challenges you may face while working in the finance industry.
Apart from classroom studies, IMI Delhi also provides a plethora of opportunities in terms of live projects where a student can associate himself with an organization for a span ranging from 1 week to 1 month. This gives the students some degree of corporate exposure besides classroom case discussions.
To further enhance the learning experience, IMI Delhi has recently installed 8 new Bloomberg terminals in the college. This will increase and ease the accessibility of the same to the students, thereby providing them with a world-class learning experience.
So if you're looking to pursue a career in finance and want to get the best out of your management degree, IMI Delhi should definitely be on your radar.
How are the placements for SPJIMR finance?
Consulting firms were a popular choice among students, with over 38 percent of the batch being placed in this field. Additionally, more than 21 percent of the Finance Management batch landed roles with Investment Banking and Private Equity firms. The finance domain saw the participation of both domestic and international companies, offering roles in analytics, wealth management, and private banking. In fact, around 20 percent of the Finance batch received offers for Investment Banking and Private Equity roles, which is a record high for the cohort. Prominent recruiters like Avendus Capital, Axis Capital, GEF Capital, Goldman Sachs, and JM Financial rolled out multiple offers to candidates.
Another noteworthy aspect of the placements process was the participation of E-Commerce industry leaders like Amazon and Flipkart. About 12 percent of the batch received offers from these companies, with roles across domains such as Supply Chain and Operations Management, Finance Management, and Management Trainee being offered to students.
Overall, the placements process at SPJIMR in 2022 was impressive and offered students a wide range of opportunities in various domains. If you're considering SPJIMR for your business education, you can be assured of a strong placements process that provides ample opportunities to kickstart your career.
What kind of role/s one can expect in the financial sector after graduating from TAPMI?
These are some of the roles that you can expect after graduation from Tapmi in the financial sector:
- Investment banking Operations
- CB Credit Risk Analyst
- Analyst Financial Research
- Risk and Compliance
- Financial Advisory
- Financial Operations
- Fixed Income
Which is better between JBIMS for finance and NITIE for operations?
JBIMS (Jamnalal Bajaj Institute of Management Studies) and NITIE (National Institute of Industrial Engineering) are both highly regarded management colleges in India, with MBA programs in Finance and Operations, respectively. Personal preferences, professional aspirations, and industry requirements can all play a role in deciding between the two institutes.
|
Particulars |
JBIMS |
NITIE |
|
Average Package |
INR 23.16 LPA |
INR 25.27 LPA |
|
Highest Package |
INR 44 LPA |
INR 78.20 LPA |
|
Fees |
INR 305,000 per year |
INR 703,000 per year |
JBIMS is a Mumbai-based business school noted for its strong finance program. The institute's academic program is demanding, including topics such as financial markets, corporate finance, and investment banking. Top recruiters such as Goldman Sachs, JP Morgan, and Citibank often hire from the school, demonstrating the institute's strong placement record in the finance industry.
NITIE, on the other hand, is a Mumbai-based university that provides a specialized MBA program in Operations Management. With courses including Supply Chain Management, Logistics, and Quality Management, the institute puts a significant emphasis on industrial engineering and operations research. Top recruiters such as Amazon, Flipkart, and Tata Motors, among others, have visited the school and have a constant high placement record in the operations area.
What are the subjects in an MBA PGDM in finance at IIMs JBIMS FMS and IIFT
The following subjects are offered in IIMs, JBIMS, FMS and IIFT.
- Corporate Finance
- Financial Accounting
- Financial Statement Analysis
- Investment Management
- Derivatives and Risk Management
- International Finance
- Fixed Income Securities
- Financial Modelling
- Behavioral Finance
- Mergers and Acquisitions
- Banking and Financial Services
- Financial Markets and Instruments
- Valuation and Private Equity
- Wealth Management
- Project Finance
- Quantitative Finance
- Microfinance
- Real Estate Finance
- Insurance and Risk Management
- Taxation and Financial Planning
I have converted both IMT and TAPMI. Which college is better for Finance?
IMT marketing is great, but TAPMI is famous for its finance program. Bloomberg Lab benefits TAPMI financial students. In 2014, Bloomberg created the State-of-the-Art Finance Lab with 16 terminals with BSE and NSE data streams, along with 7 Thomson Reuters terminals. Students learn forecasting, risk management, investments, and global financial management. This lab bridges financial theory and practice by giving students real-world market experience.
Bloomberg is used in all first-year Finance courses and 60% of electives. The course material is top-notch, and the faculty—including the Director, a finance and marketing expert—are among the best in the nation. Most faculty members have Phds from top universities like IIMs and IITs. Finance students are envied on campus because they get the greatest final placements. Excellent profiles.
When IIM Kashipur is the most apt for Operations among the new IIMs, then why does the maximum placement there happens in Finance and Marketing?
Because of its location, IIM Kashipur has the best Operations faculties and links. However, there are a few issues with the placement of the same. The Institute does not award diplomas in specific fields such as operations, finance, and marketing. As a result, students of any major are always eligible to apply for any job. Because students are not enrolled in a specific stream when they join the institute, their preferences change after the first year of exposure. Many students enter the second year with the intention of majoring in Operations, but they end up majoring in other fields for personal reasons.
Even among them, there aren't many freshmen, for whom it can be challenging to find an operations job; as a result, even they end up getting placed in a different stream. Therefore, IIM Kashipur is indeed a perfect place for operations management, but only if you have the correct perspective on what ops are and if you stick with it.
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