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What is the objective of admitting freshers in Ivy B-Schools like IIMs, FMS, JBIMS, SIMSREE, SPJIMR, XLRI, etc.?
MBA admission in Indian B Schools is a fairly weird process in comparison to that of foreign B Schools. In India, the admission process requires a candidate to have some work experience and in certain B-schools, it even carries a certain weightage. But during Final Placements, this scenario changes entirely as the recruiters prefer freshers over experienced candidates. The major reasons for this contrast are:
- The recruiters offering Marketing roles are on the lookout for candidates who can initially go through a sales job for a few years. They believe that the route to Marketing is through sales only. Now Sales requires a lot of traveling that too to rural areas. The recruiters know that these tough job conditions cannot be undertaken by Experienced professionals and thus prefer freshers who they can mold easily.
- The companies offering Finance roles know that the candidates with prior work experience won’t be working for the long hours they require them to. So they prefer freshers who can work long hours without complaining.
Recruiters are looking for candidates with work experience of not more than 11-12 months. Honestly, this strategy is illogical as a person with more work experience is bound to excel much better than a fresher, and restricting him from getting a job just because they cannot be exploited to the fullest extent is a bit cruel.
The scenario is pretty much the opposite in foreign countries that prefer MBA candidates with work experience only. This is because in India MBA is considered a way to become more employable or earn a fatter cheque. Whereas in the West, it is a means to upgrade your career and take it to new heights. The entire concept of MBA is at fault in India thereby this illogical strategy.
In my opinion, MBA candidates should have a work experience of at least 1 year, only then they can harness the MBA program to the fullest and not approach it just as a source of placements.
What problems will I face during placement at JBIMS and SIMSREE if I have less than 60 in 12th? Will I remain jobless?
Not having your 12th standard marks listed on your resume may result in missing out on some companies that have a graduation/12th standard percentage as part of their screening criteria. However, there are not many companies that consider this as a criterion.
Not having your 12th standard marks listed on your resume will not render you jobless.
A requirement for past academic records is only used for initial screening purposes by some companies. The companies that move forward with you for subsequent rounds of evaluations, such as group discussions and personal interviews, evaluate you based on your performance in these rounds.
It is important to note that if a company does not choose you, despite your excellent performance in the interviews, simply because of your previous academic records, it is the company that misses out, not you.
Which course is better, an MSc. in finance from Jamnalal Bajaj Institute of Management, Mumbai, or NMIMS, Mumbai or MSc. in financial engineering from IFMR, Chennai?
If you are considering pursuing a Master of Science (M Sc) degree from NMIMS, it is important to do some further research on the recognition of the degree. However, an MBA from their Mumbai campus can be a good option to consider.
On the other hand, IFMR offers only MBA and Ph.D. programs, so it is not possible to pursue an M.Sc from there. As for JBIMS, it is the most prestigious institution in Mumbai, but there have been some concerns raised about the accuracy of their placement salary data. Additionally, the selection process for their M Sc course is quite competitive, with only 30 seats available for the program and a large number of candidates competing for those spots.
Considering your interest in finance, it would be beneficial to aim for admission to a top-notch business school like XLRI, which is renowned for its finance program. Another option would be to gain experience in the industry and pursue a finance course such as CFA or FRM, which would make you eligible for admission to world-renowned business schools such as the Indian School of Business.
What profiles are offered to Msc Finance graduates at JBIMS?
The curriculum of the MSc program at JBIMS is rigorous enough to attract big names and their students to make a mark in the Financial world. The kind of organizations that visited the campus were Investment banks, Commercial Banks, Consulting firms, financial services companies, conglomerates, and many other companies from the service sector.
Some major organizations include
|
Goldman Sachs |
PWC |
|
Aditya Birla Group |
ICICI Bank |
|
SREI Infrastructure |
BNP Paribas |
|
ICICI Prudential |
Axis Securities |
|
DE Shaw |
HDFC Bank |
|
Axis Bank |
Motilal Oswal |
|
Abbott Laboratories |
SBICAP Security |
Some of the major profiles offered were
- M&A Advisory
- Private Equity
- Transaction advisory
- Trading & Hedging
- Corporate Banking
- Corporate Finance
- Risk Management
- Currency Trading
- Treasury Management
- Financial Planning
- Strategy
The placement statistics looked like
|
Particulars |
Statistics |
|
Highest CTC |
INR 19.35 LPA |
|
Median CTC |
INR 18 LPA |
The extensive research methodology adopted by the course helped many students get profiles across Equity Research, Fixed Income, and Economic Research as well as structured products.
What are your views about a part-time MBA at JBIMS, Mumbai? Is it really worthwhile?
If you're looking to do a part-time MBA program in Mumbai, JBIMS MBA part-time is a great choice. The classes are held both during the week (6:30 pm to 9:30 pm) and on weekends. All the schools in University of Mumbai offering this course have the same curriculum, but JBIMS stands out because of its well-known reputation.
This course is good for:
- Working people with graduation degree and want to become managers
- People who can't afford to spend 2 years doing a full-time MBA
- If you do not want to spend a lot of money on executive MBA programs
- People living in Mumbai for the next 3 years (JBIMS part-time MBA is for 3 years)
- If you can attend classes and have time on the weekends to do coursework
- If you are looking to make connections in the industry
This course may not be good for:
- People who can afford to spend 2 years doing a full-time MBA, because full-time is better than part-time
- If you want to have a guaranteed job after the program, because part-time MBA programs assume that the students are already employed and will find better job opportunities in the future
- People who might have to move away from Mumbai for a long time or who can't regularly attend classes.
I hope this information helps you with your decision. Good luck!
Where are some housing living accommodation options for a girl attending JBIMS at Churchgate?
You have the option of staying in the girls' hostel at the Mumbai University Campus in Kalina. A classmate of yours moved there in the second semester and reported having a positive experience. Here are some of its key features:
- You can easily access the university canteen which is located just a minute away from the hostel.
- The campus itself is well-maintained with plenty of green spaces and your hostel is located near the main gate.
- You can take a shared rickshaw to Santacruz Station, which is just a 5-8 minute ride away. From Santacruz to Churchgate, you can travel by train in approximately 40 minutes. Additionally, it is a 5-minute walk or a 2-minute taxi ride from the station to the college. Thus, you can expect an hour of travel time from the hostel to JBIMS.
- Each person is assigned their own room and there is no need for sharing.
- The Business District Centre (BKC) is located just 10 minutes away from the university.
- You can visit the American Library, which is located 15 minutes away, and study for hours while accessing their vast collection of books for free.
Which is a better choice, IIM A, IIM B, IIM C, JBIMS, or FMS Delhi, and why?
The choice of B Schools depends on your interests and priorities. The school you choose depends on
- What you want from your MBA degree
- How much you are willing to invest
Some people consider placement statistics for making their decision but personally I find that a bit misleading. One other good way is to talk to the alumni of the schools and make a list of pros and cons. This will help you analyze the worth of each college and thereby make a sound decision.
Every B School has a specialization. You need to identify that and match it with your own goals and aspirations. For example,
IIM Ahmedabad is known for its strategy, IIM Bangalore is known for its marketing, IIM Calcutta is known for its finance, and FMS is known for its high ROI and location (Delhi).
So make a choice that suits your inclinations and don’t adopt the sheep mentality.
Why is JBIMS better than SIMSREE despite both having almost the same quality of students?
As a potential student, you should be aware of the establishment years of the preferred institutes in Mumbai. The following are the establishment years of the institutes in Mumbai:
- Jamnalal Bajaj Institute of Management Studies - 1965
- WE School - 1977
- S. P. Jain Institute of Management and Research - 1981
- K. J. Somaiya Institute of Management Studies and Research - 1981
- Narsee Monjee Institute of Management Studies - 1981
- Shailesh J. Mehta School of Management - 1995
It is important to note that this list only includes pure B-schools and excludes TISS for Social Sciences (1936) and NITIE for Industrial Engineering (1963).
Establishment year is not necessarily an indicator of the worth or popularity of an institute, as demonstrated by the relatively young Indian School of Business (ISB) which has gained a strong reputation in just 22 years. However, a longer establishment period can provide an institute with a head start, a larger alumni base, and increased brand awareness.
In terms of the admission process, the establishment year of an institute is not a determining factor. This year, the process was the same for all institutes, with students admitted based on their score on the Common Entrance Test (CET). A score of 99.85+ would generally get you into JBIMS, while a score of 99.8 might result in admission to Sydenham. The difference between these scores is negligible and does not necessarily indicate a difference in ability or aptitude.
JBIMS has maintained a strong ranking for a long time and is expected to continue to do so in the future. It is unlikely that Sydenham will surpass JBIMS in terms of ranking. However, if JBIMS were to move away from the CET centralized process, Sydenham would likely become the top institute based on CET scores alone.
There are some differences in the environment and atmosphere at JBIMS versus other MMS offering institutes. JBIMS has a unique reputation, which is partially due to the work of its alumni in the industry, and partially due to the fact that some professors only teach at JBIMS and do not teach at other institutes. As a result, each year, several students from SIMSREE take the CET again in an attempt to get into JBIMS.
Ultimately, what matters most is what you do with your admission to an institute, rather than the institute itself. Getting into JBIMS and not performing well in life is not meaningful. Instead, you should focus on identifying yourself within two years and becoming better than the crowd, regardless of the institute you attend. Whether at JBIMS or Sydenham, you can strive to be at the top of your academic game, take on internships, and pursue certifications to enhance your career prospects. The tag of your institute may matter for a few years, but it is ultimately up to you to make the most of your corporate career.
Is there any age limit to join MMS Program in JBIMS?
There is no age limit for joining an MBA program in India. However, it is common for most students in the program to be in the 21 to 25 age group, with 0 to 4 years of work experience.
It is important to note that some companies may have specific work experience requirements for the profiles they are looking to fill. If you have more than 2 years of work experience and the company is looking for a fresher, you may not be selected. The same could apply to freshers who apply for roles where the company is looking for candidates with prior work experience.
Regardless of your age, you are eligible to apply for or join an MBA program. For individuals with 5 or more years of work experience, a full-time MBA in India may not be a financially viable option. In such cases, you could consider enrolling in an executive program or pursuing a full-time MBA abroad.
The decision of whether to pursue an MBA and which program to choose should be based on your specific career goals and objectives.
What are the eligibility criteria through the NRI quota at JBIMS?
You must have a minimum of 50% marks in total to be eligible for admission to JBIMS. You must also be a graduate in any discipline from a recognized institute. Your eligibility for admission will be determined based on your valid scores in MAH CET or CAT. If you are selected for final admissions, you will have the opportunity to benefit from a unique learning experience at JBIMS. The cut-off percentile in entrance examinations changes every year, so you must stay updated on it regularly.
If you meet all these eligibility criteria, you will be considered for further rounds of the admission process.
Please note that for NRI/PIO candidates, the fee for the 2-year MMS program will be increased to INR 12 lakhs per year, which is twice the amount charged to general category students.
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