It depends on the type of position you hope to land after earning your MBA. If you wish to move from an engineering career to a business role, the Full-time degree will make it easier because you will have more recruiting options. An Executive MBA can be a wise decision if you wish to grow in the industry or business you are currently in.
She must first evaluate both courses based on her areas of interest. Both courses have advantages and disadvantages.
The IBM (insurance) course has a lower fee structure than International Business. The job profiles available for the IBM course are insurance company oriented. In contrast, the job profiles for the IB course range from sales to marketing to finance and HR depending on your specialization. BIMTECH is well-known for its IBM training. The package on offer is also very good. This year's average would be around 6.5, with more than 90% of students placed.
It is entirely dependent on your sister's area of interest. She can also look at the institute's website to see what kinds of faculties and subjects are available and then make an informed decision.
First, you should ask your sister which subject, foreign business or insurance management, she is more interested in. It is hard to learn about a subject if you do not have an interest in it, no program can help her get the most learnings out of it.
So, help your sister to figure out what area she is interested in. Like if she wants to do business in a foreign, she should do foreign business. Help her learn about insurance if she wants to build her job around it. To be honest, both programs have a lot to offer.
BIMTECH, Greater Noida is one of the best places to go to college. For a general idea, we can say that PGDM in Foreign Business (PGDM-IB) will teach her how to deal with foreign issues and do business across all borders. She will learn more than just new ways to do business.
When she gets her PGDM in Insurance Business Management (PGDM-IBM), she will learn how to manage finances, be able to plan and control the financial resources of any business and take on more responsibilities like these.
Here's a closer look at each of these institutions:
Among the four B-schools mentioned, JBIMS has the strongest placement record, followed by XIMB, then MICA, and finally SIMSREE.
International Management Institute has been ranked 9th and 28th for private MBA by Outlook and NIRF respectively. The college offers Post Graduate Diploma in Management in Banking & Financial Services as a two-year course. The fees for the course is 17.68 lakhs for the full period.
Infrastructure & Facilities
Placements
IMI Delhi has been ranked highly among the top private universities in the country. The college has a very active placement cell which aims at providing a perfect placement rate consistently. The return on investment for the course is also extremely good, which makes it a recommendable institute. The curriculum is industry-based providing students with better knowledge for the corporate world.
NMIMS Mumbai and GIM are both reputed business schools in India. NMIMS Mumbai is ranked 25th and GIM is ranked 36th in the NIRF 2022 Rankings in Management.
PGDM Batch of 2023 at GIM has achieved a 100% placement, with the highest CTC at 55 LPA and an average CTC at 14.9 LPA. GIM offers a 2-year full-time PGDM. Classes are held on campus.
GIM also has a distance learning program by the name of GOAL-GIM Online Active Learning, which offers PGDM courses in the hybrid learning mode.
For NMIMS 2022-2023 MBA (Core) placements, the highest CTC (International) was 67.80 LPA and the average CTC was 26.63 LPA.
For MBA (HR) placements, the highest CTC was 25.95 LPA and the average CTC was 19.56 LPA.
NMIMS Mumbai offers a Distance PGDM, the duration of which is again 2 years.
NMIMS Mumbai is a more popular choice as compared to GIM, however, it also differs from one individual to the other.
My brother was in a similar dilemma as he wondered if spending high fees and 2 years of his life at a new IIM was even worth it. But eventually, he joined it and today he is glad he took the decision. Some major reasons for his satisfaction are
So yes, joining IIM Ranchi for an MBA is worth every rupee and every second you spend.
Pursuing an MBA from a top college like an IIM can provide many benefits, such as excellent campus life, an increased likelihood of getting a desired job, and boosting the overall value of your career. It’s viable to obtain a loan to pay for it because the interest rates are often low, and there is a grace period before repayment begins.
IIMs should be given more priority than colleges like FMS, TISS, JBIMS, or XLRI as they have more brand value and can offer better opportunities in terms of networking and job prospects. However, it is a personal decision that should consider your career goals, financial situation, and personal preferences.
An MBA from IIFT Delhi is a good option after completing a B.Tech from IIT Delhi, but whether to do it or not totally depends on your career goals and aspirations.
IIFT Delhi is a highly reputable B-school in India and it is known for its excellent faculty, diverse student body, and strong industry connections. The school offers a rigorous curriculum that covers various aspects of business, including marketing, finance, operations, and international trade. You will get in contact with a strong and wide alumni network which includes some of the most successful business leaders in India and abroad.
If you are interested in pursuing a career in business, an MBA from IIFT Delhi will provide you with all the necessary skills, knowledge, and network to achieve your goals but if you are more interested in pursuing a technical or engineering-related career, then an MBA will not be the best fit for you, in that case, go for an M. Tech or MS.
So, an MBA from IIFT Delhi can be a good option for you, provided that it aligns with your career aspirations and goals.