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Do you know anyone who got into a top b-school (IIMs, XLRI, JBIMS, NM, IIFT, FMS etc.) with average UG percentage?
Yes, I do know a friend who managed to get calls from many top B Schools despite having an average Undergraduate Score. Her profile looked like this
- 10th- 76%
- 12th- 68%
- UG- 64%
Although her marks witnessed a gradual decline, she was lucky enough to study at XLRI. Past academics are considered as one but not the major factors at XLRI, unlike IIMs that focus a lot on past academics. A good XAT and GD-PI score can compensate for your poor academic record at XLRI, FMS, and JBIMS. NITIE is a top B School that does not consider past academics at all. My friend with her average profile managed to convert NITIE, XIMB, and all the IIMs except for the top ones obviously. So we can safely assume that admission into these top B Schools is possible even with an average profile provided that you score excellently in the CAT or XAT and the GDPI round.
How prestigious is JBIMS as a college when we look at all of the India rankings? It doesn’t have very good ranks when I Google the best MBA colleges in India. Is NMIMS better than JBIMS?
JBIMS' overall ranking on Google is impacted by its infrastructure, as the current building is a 1965 construction. However, the construction of a new state-of-the-art facility at Kalina is underway, which will improve JBIMS' ranking in terms of infrastructure.
In terms of return on investment, JBIMS stands out as you pay only 2 lakhs for the entire course and receive an average placement package of 18 LPA. This is a better return than many other top B-Schools, including some IIMs.
JBIMS boasts a strong alumni network, industry-expert faculty, and an ideal location, which are all factors that contribute to its success.
When comparing JBIMS to NMIMS, it can be said that JBIMS is a better choice, with a lower fee structure, a better return on investment, a strong alumni network, and a more experienced faculty. Additionally, JBIMS has a smaller batch size of 120 students, which makes it easier for the college to place its students in top companies.
Has anyone left JBIMS for FMS? If yes, then why?
I have seen many people forgo offers from MDI, JBIMS, and even IIM Bangalore just for FMS Delhi. There are a number of reasons pertaining to why people make this decision. Some have been listed below
- Brand: FMS is one of the oldest MBA colleges and boasts a rich legacy and elaborate alumni base. It has given birth to many Managerial talents over the last decades and is a brand in itself. No doubt JBIMS is a good college but it cannot be compared with the brand name of FMS.
- Location: FMS boasts of a good locational advantage being situated in the heart of the country, Delhi. You can enjoy a lifestyle very similar to that of DU. Also, the budding startups and MNCs in nearby industrial areas like Gurgaon and Noida consider FMS the first choice for recruitment.
- Fees: The most distinguishing feature of FMS is its highly affordable fees in contrast to the hefty fees of other top B Schools. The fees are almost 1/10th of any other top B School while the placements are as good or even better than these B Schools thereby ensuring a spectacular ROI.
So your first choice has to be FMS unless you are willing to go for the Finance sector. In that case, JBIMS being situated in the Finance capital is a much better choice.
How tough is getting into JBIMS?
It certainly is quite tough to get into JBIMS, especially for the full-time MMS Program. I’ve r the last few years JBIMS witnessed 3 admission procedures
Percentile required 99.5: Initially followed an admission procedure that included CET (200) + GD (17) + PI (17) + Past Academic Record (2) + Work Experience (2). This procedure was discontinued around 2012. Only 120 students were allotted a seat out of 10000 and the percentile required was around 99.5.
Percentile required 99.85: This admission procedure did not include the GD-PI round and the admission was done solely on the basis of a written test. This was a book for candidates who had average academic backgrounds and were very excellent in written English. However, this process could not focus on soft skills and other aspects of the candidate's profile so were discontinued.
Autonomous Procedure: The current procedure is an autonomous one wherein the CAT/CET scores are considered along with GD PI WAT rounds. The weightage given to the written test has been reduced so as to enable candidates with lower percentile like 98.9 to get a chance too. They can prove themselves in the GD-PI round and hence make it into JBIMS. Approximately from every GE one candidate gets admission. One may think this is easy when in reality the competition is extremely tough due to the quality of the candidates. Each one of them is talented in one or the other areas and gives an edge to the other. There is no safe score as one may not get in even after scoring 99 percentile whereas one may get admitted even with 98 percentile. It all depends on your overall profile.
Which one is better among JBIMS and FMS, Specifically for Finance/Consulting?
FMS Delhi is one of the oldest MBA colleges and attracts highly qualified individuals every year. Its rankings and placement statistics are living proof of its legacy and excellence. At no single aspect does JBIMS give an edge to FMS. Owing to its outstanding performance in delivering management talent every year, it attracts top firms for recruitment and the best candidates. The CAT cutoff gives an edge to the top IIMs and thereby causing great competition. The absence of a state/regional quota also ensures that students don’t have to compromise on quality and merit. Let’s discuss some more points where FMS gives an edge to JBIMS thereby proving its worth.
- Location: FMS is located in the National Capital of India whereas JBIMS is located in the Finance Capital. Being situated in the National capital FMS has professors that are linked to the political sector of the country. This is beneficial for domains of Finance and Consulting.
- Placements: Although many companies that visit JBIMS, visit FMS too, the number and quality of roles offered to vary. Also, JBIMS lacks offers from international companies like Deutsche Bank, Goldman Sachs, Bank of America, and Royal Bank of Scotland that offer IB roles in FMS. After analyzing the placement reports you can see that no significant Corporate Finance Roles have been offered at JBIMS.
- Consulting: Almost every firm that visits JBIMS, visits FMS too. But FMS enjoys additional offers from top firms like BCG and Avalon consulting offering strategic consulting roles. FMS also enjoys the participation of Cognizant Business Consulting, Infosys Management Consulting, and Capgemini.
- General Management: The domain of General Management is better at FMS than JBIMS. This is because the big names in the sector like TAS, Airtel, and Mahindra do not visit the campus of JBIMS
- Clubs and committees: There are many student-driven bodies at FMS, the” Finance Society, and the Consulting Club that offer assistance and additional skills and knowledge in the respective fields.
- Finance Lab: FMS is the 3rd Business School in India that has established a Finance club with 12 Bloomberg terminals facilitating applied research in financial markets and equipping finance students with research insights, concepts, theories, and best practices in financial markets.
All these features combined make FMS one of the best schools and definitely a better choice than JBIMS.
Which has better placements JBIMS or NMIMS?
Jamnalal Bajaj Institute of Management Studies (JBIMS) certainly has better placements compared to that of NMIMS. The table below will give you a brief idea about the same.
|
Institute |
JBIMS |
NMIMS |
|
Highest salary |
INR 34.36 LPA |
INR 34.72 LPA |
|
Average salary |
INR 22.84 LPA |
INR 18.45 LPA |
|
Median salary |
INR 22 LPA |
- |
The placement figures are better at JBIMS as can be seen from the stats as well. Apart from that the profiles of the job being offered at JBIMS is also better than those offered at NMIMS. Even looking through the glasses of brand value and Return on Investment (RoI), it is better than NMIMS because of its lower fee.
What is the fee structure of JBIMS for an MBA?
The fees structure of JBIMS for the MMS program is as follows
- Master in Management Studies (M.M.S.) Finance: INR 3,05,000/Yr
- Master in Management Studies (M.M.S.) (Human Resource Management): INR 3,05,000/Yr
- Master in Management Studies (M.M.S.)- Operations: INR 3,05,000/Yr
- Master in Management Studies (M.M.S.)- Marketing: INR 3,05,000/Yr
The total course fee for the MMS course of JBIMS is INR 6.05 lakhs. Students pursuing this program must pay an amount of INR 3.05 lakhs in the first year and INR 3 lakhs in the second year.
Why is JBIMS and not IIM A or XLRI, known as the “CEO Factory of India”?
It can be affirmatively stated that JBIMS is considered one of the best business schools in India. The trio of IIM A/B/C holds a distinct brand value compared to other top colleges in the country and globally. The brand recognition and respect of the IIM institutes have increased due to its status as an "Institutes of National Importance" and the widespread accomplished alumni base both in and outside of India.
JBIMS boasts an impressive list of notable alumni, including Vinita Bali, the Managing Director of Britannia, Lalita D. Gupte, Chairperson of ICICI Venture Funds Management Company, and Chanda Kochhar, Managing Director & CEO of ICICI Bank, India, just to name a few. Moreover, the Managing Directors and CEOs of some of India's largest companies such as ICICI, HUL, Kotak Mahindra, and Piramal are alumni of JBIMS.
What is your review of Jamnalal Bajaj Institute of Management Studies?
Jamnalal Bajaj Institute of Management Studies, JBIMS is a prestigious business school that has four major advantages. These return on investment, alumni network, location, and faculty.
Return on investment is a key factor that sets JBIMS apart from other institutes. You can complete the entire course by paying only 2-3 lakhs, and the average placement is around 18 LPA.
JBIMS is located in Mumbai, a city that is home to many corporate headquarters. This makes it convenient for students to interact with top companies and increase their chances of getting a good placement.
The faculty at JBIMS consists of industry experts who have extensive knowledge and experience in top management positions. They provide students with an invaluable opportunity to learn from their experiences and expertise.
JBIMS has a strong alumni network, which is one of its defining characteristics. As one of the oldest institutes in the country, JBIMS has a vast network of alumni who are well-established in their careers. However, one area where JBIMS lags behind is infrastructure.
The current campus building is old, but there are plans for a campus renovation and JBIMS has been allotted land near Kalina. In the near future, this factor is expected to be overcome. In conclusion, JBIMS is a top-notch institute with several advantages, and if the infrastructure is ignored, it would receive a 5/5 rating.
Do graduates from IIMs and JBIMS get the same salary in MBB?
It is important to understand that MBB, a Management consulting firm operates on a level playing field when it comes to career development and opportunities. Regardless of one's background, the only determining factor for success at MBB is one's performance within the firm. The company values hard work, dedication, and results above all else, which is why your alma mater will not have any impact on your salary, career trajectory, or the type of work you are assigned.
This emphasis on the performance of graduates from IIMs and JBIMS over external factors is a unique aspect of MBB and demonstrates the company's commitment to providing equal opportunities for all its employees. The company recognizes and rewards those who have the skills, drive, and determination to excel in their roles, regardless of where they come from.
In conclusion, it is essential to understand that your alma mater, whether it is IIM or JBIMS, holds no weight in determining your salary in MBB. The focus is solely on individual performance, and the company is committed to providing equal opportunities for all its employees.
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