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Siddhant Institute of Business Management - [SIBM] Sudumbare, Pune - Placement Details and Companies Visiting

Pune, MaharashtraEstd 2005

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SIBM: 7 Answered Questions

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How is life after MBA from SIBM Pune and SCMHRD?

Bharath Harishstudied at Symbiosis Institute of Business Management, Pune (2019)

SIBM Pune features a fairly substantial reputation within the MBA league. My friends who have passed from this college have mostly ended up with very great jobs and work in the upper echelons in their respective workplaces. Of course, the law of average work at SIBM too, and here there are a few people who fall below the average expectations.

You will not get the coveted badge of an IIM or an ISB. That is something the pass outs of SIBM will have to live with. It does harm the chances sometimes in the corporate world but not necessarily.

The table shows a brief overview of the institution:

Particulars	SIBM	SCMHRD
Highest CTC	Rs. 34.2 lakhs	Rs. 38 lakhs
Average CTC	Rs. 20.1 lakhs	Rs. 15.60 lakhs
Minimum CTC	Rs. 18.50 lakhs	Rs. 9 lakhs

Symbiosis has several colleges which provide an MBA program SIBM, Pune doesn’t stand out much. To the outside world, the student is just from Symbiosis. This can be a bit of a problem for the pass outs of SIBM and SCMHRD since these two colleges are in the top 25 leagues in India.

What is the minimum package offered to the MBA graduates at SIBM pune and NMIMS?

Ayushi TiwariStudied BBA from SVKM's NMIMS

The minimum package offered to the MBA graduates is not revealed by any of the institutes in their placement reports. The only way to get that is to talk through students who can say through their experience which may or may not be accurate.

The table below will however give you the highlights of the placement process conducted by each of these institutes for their MBA batches of 2018-20.

Parameters	SIBM Pune	NMIMS MBA	NMIMS MBA-HR
Number of recruiters	More than 90	148	29
Highest CTC	INR 34.26 LPA	INR 58.61 LPA	INR 22 LPA
Average CTC	INR 20.14 LPA	INR 18.33 LPA	INR 14.98 LPA

Based on these statistics, you can get a fair bit of idea of the salaries to expect from these institutes and will help you to set your expectations.

Which college is better between SIBM Bangalore and TAPMI? The average placements for both the colleges stand the same which makes the decision tough.

Jayant ThakurLives in Bengaluru, Karnataka, India

When comparing two B-Schools with similar placements, there are a couple of factors you should consider. Firstly, you should look at the batch size and the brand. TAPMI has a larger batch size compared to SIBM Bangalore, which may lead to more dilution in resource allocation.

On the other hand, a smaller batch size in two equally-matched B-Schools ensures batch quality. The second factor to consider is the brand of the B-School, which is something you should analyze on your own. It is important to understand the brand value of a B-School, as it reflects its reputation in the industry and the quality of education it provides. Ultimately, you should choose a B-School that aligns with your goals and aspirations, and provides you with the best opportunities to achieve them.

What will my life be like in 10 years if I get an MBA in marketing or finance from SIBM/SIIB, Pune?

Rishabh PathakMBA from Symbiosis Institute of Business Management, Pune (2017)

By understanding the perspective of your question, there shall not be a huge change if you only get an MBA done. The thing that determines it is the choices you are going to make like the firm you choose to work in, your expected salary or location or role, the work environment, and various other choices.

In 10 years, if you continue working hard, then you will probably have made 2 or 5 years of promotion. You can also simultaneously expect a major salary hike.

However, considering several drawbacks such as home loans, personal expenses, family expenditure, annual vacations, and fee structure of institutions, you are expected to live a very grounded life.

You should be sure enough about what you are passionate about during pursuing MBA.
Join a job sector that can lead you to a good state.
If necessary, you should also build an alternate income for other essential factors.
You should also begin pro-bono consulting during the weekends.
You can also consult a startup or can choose to become a mentor or adviser or helper too.

Thus, your life 10 years from now will not however result only if you particularly get an MBA from a B-school, but will take into account the choices you have made, and the hard work you were to undertake.

How are the placements at other B-schools like S.P Jain, JBIMS, NMIMS, SIBM and XLRI compared to the IIMs? Is it worth joining these institutes?

Radhika KalyanMBA Supply Chain & Business Analytics, S. P. Jain Institute of Management and Research (2017)

Although all the institutes offer good placement to its students, a comparative analytical report based on points would be helpful for you to decide which institute to choose for your higher studies.

XLRI:

Some of the top recruiters who offer internship and job opportunities to the XLRI students are Aditya Birla Group, Amazon, Microsoft, are ITC, JP Morgan, Ramco Systems, Accenture, Sapient, ATG Tires, Lodha Group, RPG, Udaan, P&G, Colgate Palmolive, Ola, Myntra, Samsung, C K Birla, Power Finance Corporation among others.
The highest and medium salary packages remain to be around 50 LPA and 12-15 LPA.

IIML:

It offers 100% placement to its students.
The top recruiters are JCB India, Bosch, Apparel group, Tolaram Group, RPG Group, and more.
The highest and the medium salary range remain to be around 54 LPA and 23 LPA.

IIMK:

Students at IIMK get 98% placement and the highest and the medium salary package remains to be around 40 LPA and 18 LPA.
Some of the top recruiters who offer internship and job opportunities are Cognizant, Wipro, Amazon, Airtel, City Bank, Deloitte, Nestle, Bosch, Microsoft, Raymond, and more.

SIBM Pune:

It was ranked 6th by Outlook India in 2020.

The top recruiters who offer placement to the students are Axis Bank, Flipkart, Diageo, KPMG, Capgemini, HDFC Bank, Mahindra CIE, ITC, and more.
The highest and the medium packages are 34 LPA and 18 LPA.

NMIMS:

NMIMS has ranked 2nd among the top BBA colleges of India by India Today in 2020.

Top recruiters of NMIMS students are IBM, Johnson, and Johnson, Deloitte, ICICI, HDFC Bank, Cadila, Mankind, Accenture, Amdocs, Bajaj Finserv, Aditya Birla Group, Alkem, Cipla, and more.
The highest and medium salary packages remain to be around 30 LPA and 17 LPA.

JBIMS:

Students receive job opportunities from various companies such as Mahindra Group, TATA Group, The Boston Consulting Group, Reliance Industries, Godrej consumer products, and more.
The highest and medium packages that are offered are 32 LPA and 26 LPA.

These are the major placement related details that you should be taking into account while deciding whether you want to join any of these institutes or not.

How honest are the non-IIM MBA colleges (SPJIMR, NMIMS, SIBM, XLRI) when they say their average package is 12-15L?

Falguni GuptaMBA Supply Chain Management & Strategy and Management Consulting, S. P. Jain Institute of Management and Research

SPJIMER, SIBM, and XLRI placement reports are pretty accurate. Rather than the typical average/median CTC method, SPJIMER publishes its placement report in IPRS format. Every figure mentioned in the placement report is true to the 2nd decimal point.

XLRI and SIBM also keep the placement report transparent. SIBM gets its placement audited regularly. As per the 2022 placement highlights, the average CTC for SPJIMER, SIBM, and XLRI were INR 23.6 LPA, INR 23.06 LPA, and INR 30.73 LPA respectively.

NMIMS inflates the report. The numbers are quite high.

How much salary do the last 50 MBA students get at final placements at B Schools like IIM Indore, IIFT Delhi, MDI Gurgaon, SIBM Pune, etc.?

Sanchit GroverMBA Operations, National Institute of Industrial Engineering (2019)

Colleges invite companies for placements on the basis of the preference list created by the students themselves. This means that the most preferred companies visit in the initial days while the least preferred companies visit towards the end. This eventually means that the last of the batch gets placed by mediocre companies.

Now here is a fact, sometimes the companies visiting at the end in order to get higher preference and attract maximum students, offer high packages that are at par with the preferred companies.

My uncle was a placement coordinator at IIFT a few years ago and gave me an insight into the placement scenario of such B Schools. Numerically speaking if the median salary of a particular B School is X, then the packages offered to the last 59 students would be around 0.6X-0.7X.

College Name	Median Salary	Salary expected by last 50 candidates
IIM Indore	INR 24.09 LPA	INR 16.8 LPA
IIFT Delhi	INR 25.6 LPA	INR 17.9 LPA
MDI Gurgaon	INR 24 LPA	INR 16.8 LPA
SIBM Pune	INR 20.80 LPA	INR 14.5 LPA

The approximate salary offered to the last 50 candidates of the B Schools you mentioned is around 15-17 LPA.

Kindly note that these figures are based solely on guesses and anecdotes from my juniors, and are just meant to give an idea of the salary.

frequently visited companies

Companies
Amazon	Cybage Software	IBM	Idea Cellular
HDFC Bank	Bajaj Auto	Mphasis	Glaxo Smithkline Consumer Ltd (GSK)
Cipla Limited	Tata Auto Comp	Motherson Infotech	Alkem Laboratories
Edelweiss	Standard Chartered Bank	Ranbaxy pvt ltd	Bajaj Allianz
Infosys	BNY Mellon	Endurance	eClerx Services
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