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What is better if I want to do an MBA in finance: JBIMS, IIM Shillong, or IIM Kozhikode?
With Kozhikode having completed its 20th year and psychologically establishing itself as one of the older IIMs, placements in finance have been better this year. Some of the big brands that visited IIM K but not JBIMS include Credit Suisse, Bank of America Continuum, Deutsche IBD, Deutsche GTB, and a few others. While some companies, such as India Bulls, visit JB every year due to its proximity, the placement season at K saw many new and prominent first-time recruiters, such as CS, BoFA, IDFC, and others. The only big name missing from K's portfolio is Standard Chartered, which happens to be a regular recruiter at JB.
Overall, K is shifting toward a more balanced finance portfolio, with DB, GS, and JPMC providing middle office IBD roles, DB, Axis, ICICI, Yes Bank, Citi Bank, IDFC, Edelweiss, and Indus Ind providing corporate banking/treasury roles, and SBI Caps and Entrust providing front end IBD/asset management.
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?
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:
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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.
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The highest and medium salary packages remain to be around 50 LPA and 12-15 LPA.
IIML:
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It offers 100% placement to its students.
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The top recruiters are JCB India, Bosch, Apparel group, Tolaram Group, RPG Group, and more.
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The highest and the medium salary range remain to be around 54 LPA and 23 LPA.
IIMK:
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Students at IIMK get 98% placement and the highest and the medium salary package remains to be around 40 LPA and 18 LPA.
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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.
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The top recruiters who offer placement to the students are Axis Bank, Flipkart, Diageo, KPMG, Capgemini, HDFC Bank, Mahindra CIE, ITC, and more.
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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.
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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.
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The highest and medium salary packages remain to be around 30 LPA and 17 LPA.
JBIMS:
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Students receive job opportunities from various companies such as Mahindra Group, TATA Group, The Boston Consulting Group, Reliance Industries, Godrej consumer products, and more.
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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.
Which is a better option? XLRI or JBIMS in all terms?
It’s difficult to determine which institute is better as the courses are not mentioned for the given college. However, given below are information about the colleges in all terms, which may help you make the decision.
XLRI, Jamshedpur:
The college was ranked 1st by the outlook in private colleges for the year 2020. It is a top-notch private college that offers 32 courses across five streams.
Courses offered:
The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM.
Admissions:
To get into this college for PGDM programs, the college accepts XAT and GMAT marks. The end of the selection round consists of group discussion and personal interview.
Faculty:
The professors who are present in the college are well versed in their area of specialization and have Ph.D. degrees.
Placements:
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100% placement was recorded in the year 2020 for the PGDM course.
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The highest salary went up to Rs 50 LPA and the lowest salary was Rs 21 LPA.
Jamnalal Bajaj Institute of Management Studies (JBIMS):
The college is ranked as 24th for MBA by outlook in the year 2020. The college was one of the earliest business schools in India.
Courses offered:
Under the MMS program, there are various courses that are offered which include; finance, marketing, operations, HR, and systems.
Admissions:
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To get admissions one should have a UG degree from any recognized university.
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Candidates who give the paper for CAT and CMAT can also apply for the college.
Faculty:
The faculty of the college is well experienced and well versed in the subjects that they teach.
Placements:
For the academic year 2019, the placement for JBIMS, Mumbai saw significant growth from last year.
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The highest salary went up to 32.30 LPA, an 8% increase from the previous year.
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The median salary stood up to 20 LPA, an 18% increase from the previous year.
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The top companies include J.P. Morgan Chase & Co., McKinsey & Company, Hindustan Unilever, the Boston Consulting Group, and Goldman Sachs.
Therefore, apart from the placements, both these colleges are more or less similar. But if one has to choose a college, they can look at the information given above.
What is a detailed plan to crack the MH-CET, so as to get into JBIMS?
The estimated required MH CET cutoff for 2020 is 97.37. Usually, if a student scores 153 out of 200 in MH CET they secure 99 percentile in the exam however for securing 100 percentile you have to score close to 163-165. To get a good score in MH-CET for taking admission into JBIMS you should follow the following instructions.
- Knowing about the exam and syllabus:You should be aware of the important dates, syllabus, and exam pattern. Find out the previous year’s cut-offs for JBIMS and prepare with a goal for the same.
- Plan and create a strategy:In MH CET, the student needs to answer 200 questions within 150 questions. Managing time is essential for scoring well in this examination. There are 4 main sections for the exam namely; verbal ability (50), logical reasoning (75), quantitative aptitude (50), and abstract reasoning (25). Plan your strength and weakness in each section and prepare accordingly ideally you should start preparing at least 4 to 5 months before the date of the examination.
- Solve Mock tests:Solve as many mock tests as you can that will help you to get familiar with the pattern of question. Solving mock tests also helps in managing time during test.
How much should an OMS category student score in MAH-CET to ensure a call from JBIMS/SYDENHAM/KJ (MMS)?
The required percentile to get into JBIMS varies every year and is dependent on the difficulty level of the entrance test. For OMS or all-India seats, the process is straightforward. You take the CET/MAT/ATMA/CMAT/CAT/XAT exams and apply with your score. Students who score high in CAT and XAT exams usually go to IIMs and XLRI, leaving students who applied with the remaining exams.
To have a chance of getting into JBIMS, you need to score a percentile of at least 99.98 in any of the exams. For Sydenham and Somaiya, a score of 99.95+ percentile is ideal, and a score of 99.9+ percentile offers you a fighting chance of being accepted.
I am preparing for the MBA CET and currently scoring about 95 to 97 in my mocks. How should I work further to get into JBIMS as JB is my only goal for an MBA?
In order to crack the MBA CET exam, it is important to have a thorough understanding of the different types of questions that are asked in the exam. To gain this understanding, it is recommended that you write several CET mock tests. This is because the CET exam follows a standard pattern, and by writing these mock tests, you can familiarize yourself with the type of questions that are typically asked.
It is common for 80% to 90% of the types of questions in the CET exam to be repeated from previous years. It is therefore recommended that you focus your efforts on these types of questions first.
When writing the mock tests, you should assess your strengths and weaknesses. If you are targeting JBIMS, it is important that you do not have any weak areas. To achieve this, it is necessary to practice and become comfortable with any areas where you struggle.
After writing the mock tests, it is important to analyze them thoroughly. One important metric to focus on is your "Marks per minute." In the CET exam, you should aim to score an average of 0.9 marks per minute. In some areas, you may score higher, while in others, you may score lower. However, you should strive to ensure that you do not score less than 0.7 marks per minute in any specific area. For areas where you score less than 0.7 marks per minute, focus on improving either your accuracy or speed, depending on the type of questions.
It is also recommended that you regularly modify your strategy and determine which strategy works best for you. The CET exam does not have sectional time limits, so strategy plays a crucial role in improving your scores.
Is there anyone who screwed up in the CAT and then took the CET and ended up in JBIMS?
You will find many students who have performed poorly in the Common Admission Test (CAT) but were successful in the CET and ended up in JBIMS.
One such example is a girl student who received a profile-based call from SP Jain, but to attend the interview, one had to score a minimum of 85 percentile or higher in either the CAT or XAT. Unfortunately, the student scored less than the 85 percentile in both exams. However, she took the CET seriously, put in a lot of practice, and became familiar with the types of questions. As a result, they managed to secure a top 10 rank in the CET and got admitted to JBIMS. It is important to note that a speed-based test like the CET is quite different from a logic-based exam like the CAT or XAT, and hence the preparation and attempt strategy must be different.
I have a four-year gap in my education and average academic records. Are there chances of me getting into a good college like JBIMS if I clear CET in spite of messed up academics?
As a student who has taken a 4-year gap in education, it is important to acknowledge that it is not ideal. However, eligibility to be admitted to JBIMS requires a minimum of 60% in your 10th and 12th grades and a strong performance in the CET exam.
Getting admitted to JBIMS can be challenging, especially if you do not have a reservation and are not a Mumbai-domicile student. Currently, the rules tend to favor Mumbai domicile students. However, this may change in the future, and it is difficult to predict the exact requirements.
A recent example showcases the challenges that students from outside of Mumbai may face when trying to get admitted to JBIMS. A student from outside of Mumbai with a score of 99.96 percentile and a state rank of 32 was unable to get admitted to JBIMS due to not being a Mumbai domicile.
If facing difficulty in getting admitted to JBIMS, it is recommended to consider alternative colleges like Sydenham or KJ Somaiya, which also have a good reputation.
How should one prepare for the CET exam for JBIMS assuming one has prepared for CAT?
Assuming you have written the CAT exam and now looking to prepare for MBA CET, here is a detailed plan you can follow:
- To begin with, you should write a mock MBA CET paper to familiarize yourself with the syllabus and understand the new type of questions in CET compared to CAT.
- The MBA CET exam has some new areas compared to CAT, such as Visuals, Logic, and Verbal questions. To prepare for these areas, you can use different books available in the market, such as those for banking exams.
- After initial preparation, it is recommended to write mock exams at regular intervals. This will help in developing familiarity with the exam and increase speed, which is important in a speed-based test like CET.
- After each mock exam, it is important to analyze your performance and identify your strengths and weaknesses. Focus on improving areas that need improvement before writing the next mock exam.
- Repeat this process of writing mock exams, analyzing your performance, and improving areas of weakness, until you feel confident and well-prepared for the MBA CET exam.
How do I prepare for the MBA CET to get into JBIMS in the last 50 days?
With seven weeks available for preparation for the MBA CET, the following can be your plan to get into JBIMS:
For the first three weeks:- You should spend three days a week writing mock exams and analyzing the results.
- Your focus should be to improve your methods for solving questions and to practice the areas where you need additional attention. Try to improve your accuracy and reduce the time it takes to solve the questions.
- On the remaining days, spend time practicing what you need to improve.
- Dedicate 2.5 hours to writing the mock exam.
- Devote 5-6 hours to analyzing the mock, including solving each question and finding better ways to solve it.
- Spend 1-hour practicing logic (puzzles and non-puzzles).
- Dedicate 30 minutes to 1 hour to practicing abstract reasoning.
- Dedicate 30 minutes to 1 hour to practicing data interpretation.
- Spend 4-5 hours practicing other areas as needed.
- Spend 1 hour reading.
- Devote 15 minutes to calculation practice.
- Shift your focus to building a strategy.
- Write 5 mock exams per week and analyze the results thoroughly.
- Your focus should be to find the best strategy that works for you.
- Dedicate 2.5 hours to writing a mock exam.
- Devote 4 hours to analyzing the mock exam. In addition to finding better methods, your focus should be on developing a strategy for the test.
- Spend 1-hour practicing areas that require additional attention.
- Spend 1 hour reading.
- Dedicate 15 minutes to calculation practice.
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