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Which is a preferred call: PGDM from TAPMI, or BIM Trichy? Interested in finance.
If you wish to pursue a career in finance, I would suggest that you go with TAPMI, as they are known for performing well in the finance domain. Top companies like JP Morgan, Goldman Sachs, CRISIL, TATA AIG, HDFC, ICICI, Paytm, etc. visit the campus. They also have a dedicated Bloomberg Terminal, which assists the students in gaining the necessary financial skills and knowledge.
How should a software engineer prepare for SPJIMR interview for MBA in Finance?
Preparing for an interview can be a hefty task if not done in the right way without the right set of knowledge. So here I am with a few tips that will upscale your interview preparation
- Identify your unique skills and USP. Present a logical stance as to why you are a better candidate than others and can contribute to classroom learning.
- Present a passionate claim of how Finance is your go-to specialization and how you are most suited for it.
- You should have made attempts to understand Finance in the past through online courses or interaction with people in the industry
- Get important knowledge about the industry and its key persons
- Answer the Why MBA part genuinely and don’t sugarcoat or bluff
- Present both your short-term and long-term goals after completing your MBA and make sure they are realistic
- Try to listen to others' opinions too during the interview
- Support your claims with plausible examples or life experiences to create more impact
- Approach the answers wisely
- Respect all the other members and give everyone a chance to speak
Lastly, don't let your anxiety get the better of you.
Should a candidate interested in studying finance and economics join the ABM course at IIM Lucknow?
I think the PGP course is a better option if you are interested in Finance and Economics. This is because the ABM program offers the choice of only one option during the second year. The electives of the first year of both the programs ABM and PGP are the same. They comprise important topics like Micro and Macroeconomics, Financial Reporting and Accounting, Managerial Accounting, and Financial Management.
Most importantly you will be missing out on Finance and Economics courses. Some ABM students are diligent enough to sit through these classes despite everything.
There are no major differences in the placement scenario of ABM and PGP. Though I will recommend you go for the PGP program of a more reputed institute. Through ABM you will have to resort to self-learning more.
I am having 3.6 years of work experience in manufacturing. Will it be right decision to join IMT Ghaziabad for finance?
If you join IMT Ghaziabad after having a work experience of 3.6 years in manufacturing, you might face issues in a summer internship. As IMT is famous for marketing and finance, many companies either prefer candidates in the same field or freshers, so you can get difficulties in getting shortlisted. But if you choose to finance in your second year, your previous work experience will not matter that much, plus you can showcase whatever you have learned in your summers. What I have felt during my MBA is that there is no barrier if you want to achieve anything. You can always work hard and smart to reach your desired goals.
Can a BCom fresher with finance specialisation get a good placement at b-schools like IIFT, IIM Trichy, and other new IIMs?
Since you are only concerned about placements, let me tell you that placement depends not on one but many factors. Some work experience, educational background, presence of mind, knowledge, and obviously luck. Based on your profile the pros and cons you will experience are as follows
Pros
- You are already well-versed with the basics of the program which makes it easier to catch up initially.
- Some companies, mainly Sales, Marketing, and Finance, prefer freshers over work experience.
- You might have already figured out your interests because you are familiar with the program.
Cons
- Some companies, mainly in the operations and consulting sector, prefer people with work experience only.
- A little diversity won’t hurt
Lastly, since you are a fresher, before you join a B School, gather knowledge through books or certifications.
Which college should one choose for Finance among IMT Ghaziabad, IMI New Delhi?
Consider these:
- Academics: IMI New Delhi offers finance-focused courses. IMT Ghaziabad offers other courses, including finance. Thus, IMI New Delhi may be ideal for a more focused approach to finance.
- Reputation and Rankings: IMT Ghaziabad and IMI New Delhi are well-known in the industry. Both business schools rank well in India. To understand their reputations, check recent rankings and industry publications.
- IMT Ghaziabad is a Delhi suburb, while IMI New Delhi is in the city centre. IMI New Delhi may be preferable for urban students.
- Alumni Network: IMT Ghaziabad and IMI New Delhi have significant alumni networks that can help graduates get jobs. Both institutes' alumni networks can reveal their finance industry strengths.
What courses should I do before pursuing an MBA at IIM Sambalpur if I have an interest in finance and marketing?
It is completely normal to have an interest in both finance and marketing, as they are both important and widely applicable areas of business. To explore your interest in finance, there are many short, introductory courses available on platforms like Udemy that can be completed at a relatively low cost, such as for no more than INR 500. Additionally, you can read basic finance books from any commerce background to gain a solid foundation in the subject. Similarly, for marketing, there are many courses available on platforms like Udemy, as well as other sites. However, it is worth considering that pursuing an MBA program with a fresh mind and an open outlook for many possibilities may be beneficial for gaining a comprehensive understanding of marketing.
In addition to gaining specialized knowledge in finance and marketing, it is also important to have a good understanding of MS Excel and Powerpoint. These skills are widely used in the business world and will be beneficial for any professional in any vertical or specialization.
What is the average salary for the top 10% of students at IBS Hyderabad for finance?
The average pay for the top 10% of Finance specialization students at IBS Hyderabad depends on the industry, job profile, location, and placement performance.
According to IBS Hyderabad's 2021 placement data, the top 10% of finance students earned INR 17-18 lakhs per year. It's vital to highlight that the top 10% of students' wage is not the placement process's highest. The 2021 cohort of IBS Hyderabad finance students received a median salary of INR 7-8 lakhs and a maximum salary of INR 50 lakhs.
|
Particulars |
IBS Hyderabad |
|
Placements |
16.20 lakhs |
|
Fees |
7-8 lakhs per annum |
It's also worth noting that placement data and wage packages might vary from year to year depending on economic conditions, industry trends, and students' placement performance.
Which is better for finance, NMIMS Bangalore or IMT Hyderabad?
Both the institutes are excellent for finance specialization. NMIMS Bangalore is like a shadow to its main campus NMIMS Mumbai, similarly, IMT Hyderabad is a fraction of IMT Ghaziabad. You will receive decent teaching in both institutions.
- In IMT Hyderabad, the finance roles offered are Financial Associate, Tax Consultant, Associate, Core Talent Services, Credit Appraiser, Associate Data Field Specialist, Financial Analyst, and more. The company that comes for the campus are HDFC Ltd., HDFC Bank, ICICI Bank, Deloitte, SBI Life Insurance, IDFC First Bank, etc.
- In NMIMS Bangalore, significant management roles get offered, and the companies that come for the campus are JP Morgan & Chase, NTT DATA, Dell Financial Services, ICICI Bank, CRISIL, etc.
- In IMT Hyderabad, the highest placement percentage of 35% was in the BFSI sector. In comparison to it, for NMIMS Bangalore, the highest placement percentage of 48% was in Marketing followed by 24% in Finance.
The following table gives a brief insight into placement and fee structure:
| Criteria | IMT Hyderabad | NMIMS Bangalore |
| Tuition Fee | INR 12.03 Lakhs | INR 9.02 Lakhs |
| Average Placement | INR 7.64 LPA | INR 10.5 LPA |
| Highest Placement | INR 16.5 LPA | INR 18 LPA |
Overall, both the institutes are worth considering.
Is PIBM good for finance specialization?
Yes, PIBM is a very good college for finance. It has professionals who have good industrial knowledge and experience.
- The head of the department, Prof. Bharat Dalal has 32 years of experience in the equity research domain.
- Professor Adesh Doifode has 10 years of experience as a team leader, equity research, and 4 years of academic experience.
- Prof. Ranjan Mohapatra was the CFO of Nilon's before joining academics.
- There are also ex-bankers and ex-investment bankers with strong research accomplishments present in the team.
- There is also a Bloomberg Terminal present in the PIBM campus which trains all the finance students and gives a certificate for that.
- This college has consistently stood in the top 5 consistently for the last 3 years.
- Bloomberg also gives exposure to the students of global financial data and Ace Equity gives the students access to 1000s of listed and non-listed companies.
At PIBM, students are trained by Corporate heads like CFO, Corporate Bankers, Investment Bankers on job-specific courses. Students also receive training on SAP FICO, Advance Excel, Equity Research, Financial Analytics, Six Sigma Green Belt, MS Project Management etc
PIBM is a very good college for finance where all the facilities are available and they train and prepare the students to be job-ready in this corporate world.
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