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What is the difference between MSc in Finance and MBA at JBIMS?
JBIMS MSc Finance focuses on Finance and placements in the same field and very few sales roles whereas MBA is a traditional business administration course wherein the first year has common electives and for the second year you have to select among Marketing - Finance, Operations (rare), HR(rare), IT (extremely rare).
Similarities:
Faculty: JBIMS is well known for its world-class Finance faculty and both courses are taught by almost the same faculty.
Prayag Festival: It is the annual festival of JBIMS and all the students irrespective to their courses participate in it.
Dissimilarities
The placement statistics, dates, and teams are completely different for both courses.
How is the entrance test for MSc Finance at JBIMS in terms of difficulty level? How should one prepare for it?
JBIMS offers both full-time and part-time MSc Finance. Being an excellent brand, it attracts the best faculty and companies for placements.
JBIMS M.Sc Finance Admission (full-time)
- Online Application
- 300 candidates will be shortlisted for further process
- Group Activity, Personal Interview, and Written Ability Test
- Display of Merit List for selected candidates
CAT cutoff is as follows
- General: 97
- Reserved: 90
- PH: 85
JBIMS M.Sc Finance Admission (part-time)
The admission process for part-time MSc Finance is as follows
- You need work experience of 2 years
- You have to sit for CET
- After getting shortlisted you have to go through the GD
- The results are out within 2 weeks
For the preparation of this course, ask for reference books and dummy sheets from your friends who have prepared for a Full time MBA. The questions asked in the GD round are usually based on your work experience.
What is average package for JBIMS operations?
The company does not reveal specified placement data for particular domains. But the average package at JBIMS for this year is INR 27.63 LPA. I can also enlighten you on the kind of roles students from JBIMS Operations are hired in and you can conclude on the basis of your expectations whether the goals are at par with your expectations or not.
JBIMS Operations provides options for various sectors like IT, Finance, Consulting, Manufacturing, etc. Some major companies that offer the best roles are
- Accenture Strategy
- Mckinsey
- BCG
- HSBC (Operations)
- Crompton Greaves
- TCS
- Infosys
Companies like Mahindra and Cipla offer roles in General Management. One can easily infer that the roles offered at JBIMS are very similar to those offered at the top B schools throughout the country. Concludingly, the average package is also expected to be fairly good at
What should be your raw score in CET is to get into JBIMS?
There is no fixed CET score that will guarantee your admission to JBIMS. The raw score keeps changing from 120-165+. It actually depends on the level of difficulty of the paper during the particular year. Sometimes the paper is quite difficult and the highest score is just around 130. Other times the paper was so easy that even a 165 did not guarantee admission.
Many people suggest targeting 150. But I personally feel it hampers the entire process as you are under pressure and then flunk the paper terribly. One should focus on solving the paper rather than targeting a specific score. Your high target will refrain you from attempting the paper to your fullest potential.
Know that if the exam is tough it is so for everyone, and if it is easy it is so for everyone. So unnecessary stressing yourself will do you no good in the end.
How are the MBAs in HR placements at JBIMS?
My sister completed her MBA from JBIMS last year and says that no one from her batch had taken HR as their specialization. Therefore HR profiles are rarely offered during placements. But once or twice the HR profiles were opened up in the college as 2-3 students were willing to go for it.
But we cannot deny the fact that it will take a tremendous amount of time for college to build a reputation in HR and hence attract top job profiles in the domain.
My personal suggestion would be that if JBIMS decides to start a full-time specialized program in HR, it would greatly benefit the entire MMS program by attracting better profiles during placements, for all the streams in general.
I have poor graduation percentage, should I apply for JBIMS?
Graduation scores do carry a weightage during admissions at JBIMS but a very minor one. They are not the main criteria to focus on. CET is the most important factor that needs full attention. The candidate's profile is rated on various parameters.
|
Parameters |
Weightage |
|
CAT/MH-CET/ CMAT Score |
60 |
|
PAR (10th, 12th and Bachelor Marks) |
15 |
|
Extra-curricular/Work Experience |
20 |
|
Diversity |
5 |
|
Total |
100 |
The institute also considers past academic records for computation of Application Rating Score(AR). The cutoff for PAR is as follows:
10th: 60% or above
12th: 60% or above
As you can see little or no weightage is given to Graduation scores. So don’t let your low marks dishearten and discourage you. Rather focus on your CAT/CET.
Why are Delhi School of Economics and other better ROI colleges (like JBIMS and many more) for an MBA not as popular as FMS?
I have a friend who completed his MBA from the Delhi School of Economics. This answer is based on his opinions about why colleges with better ROI like DSE and JBIMS fail to compete with FMS. He has listed a few reasons for the lack of popularity of such B-schools:
- Establishment: DSE MBA first began in 1986 whereas FMS was established in 1954. So the course and the institute are the oldest in the FMS case.
- Alumni: Being an older Institute, FMS has a much stronger alumni network that has built a certain level of credibility in the corporate world. This criterion is missing in the case of DSE.
- Courses offered: Until 2015, DSE offered courses like Master of Organization Development and Human Resources and Master of International Business instead of MBA. Firstly these specializations are not at par with Finance and Marketing. Secondly, MBA has more value than MHROD and MHIB.
- Industrial relations: FMS is much more exposed to the industry and has excellent relations with the corporate world owing to a large number of its alumni.
- Faculty: The faculty is almost similar as both DSE and FMS operate under DU. But the shortcomings are compensated for at FMS via the compulsory guest lectures by industry experts.
- Crowd: The extremely high cutoff ensures only the most talented people enter FMS thereby increasing the quality of education and peer learning experience at FMS. This aspect too is pretty weak in the case of DSE.
It is because of these strong factors that B Schools like JBIMS fail to match the level of popularity enjoyed by FMS.
How much percentile is required for admission in MDI, JBIMS or FMS?
My answer does mention the required percentile for each of the B Schools you mentioned. But before I proceed I would like to shed light on the fact that the CAT percentile is not the only factor that determines your admission into a B School. There are other factors you need to work on like academic background, work experience, and GD-PI.
MDI
The college offers PGDM admissions on the basis of CAT and GMAT scores. The expected CAT percentile is around 93-95 and the GMAT score is 680+.
Apart from this, the candidates are expected to have above average academic records, work experience and WAT.
JBIMS
The institute accepts CAT, MH-CET, and GMAT. The percentile cutoff for the General Category
CAT: 95
MH-CET: 99.97
GMAT is accepted only for NRIs.
FMS Delhi
This institute is well known for its extremely low fees and the null weightage given to past academics. Thus admissions are based on the CAT percentile for which the cutoff is very high and GD-PI. The CAT percentile can be around 98.3
It is important to note that CAT should not be the only factor to consider while preparing for admission. Interview and GD rounds should also be given equal importance in addition to work experience.
Is it true that MBA marketing freshers are offered sales jobs? Even if they are from JBIMS or SIMSREE?
This is true for almost all the B Schools. Many B Schools offer sales jobs to MBA Marketing freshers even if they are from JBIMS or SIMSREE. There are some logical reasons behind this are as follows:
- You need to know the basics to understand the higher level of knowledge
- Eventually, you will be responsible for managing large teams. So with a sales job, you are familiarized with handling teams that do core sales.
- The exposure connects you with various people in the hierarchy
- Your ultimate role in life will be a salesperson as you will be seeking your idea to go Manager or a business idea to your CEO, so it’s better to enter early in the field and grasp the basics.
The requirement of experience depends solely on the company you are applying to. But I will personally suggest you be flexible and open to all profiles rather than targeting a single one.
What is the easiest way to join JBIMS as a non-Maharashtrian?
The easiest way for a Non-Maharashtrian to join JBIMS is to opt for the 3-year part-time courses which are for working professionals having a minimum of 2 years of work experience.
Some of these courses include
- Master’s in Finance Management (MFM)
- Master’s in Marketing Management (MMM)
- Master’s in Human Resource Development
- Management (MHRDM)
- Masters in Information Management (MIM).
The classes of these courses are held in the evenings on weekdays and any time of the day on Sundays. The course has no admission limitations and anyone from anyone can pursue these programs.
The selection process consists of Exam and GD
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