This year's average annual salary of SPJMIR (cost-to-company) is INR 32.05 lakhs per annum, representing a 23% increase over last year's figure. The median annual salary was INR 30.10 lakhs per year, with over 59 percent of the batch receiving offers in excess of INR 30 lakhs per year and over 87 percent receiving offers in excess of INR 25 lakhs per year.
With the increasing intake of consulting firms, offers were extended to 91 students, the highest number ever reported by SPJIMR for a batch. Accenture Strategy, Alvarez & Marsal, Bain & Co., Boston Consulting Group, Deloitte, GEP, KPMG, Miebach, and PwC US Advisory were among the companies that took part.
According to the Indian Placements Reporting Standards (IPRS) audited report of IIM Ahmedabad placements 2021, the average salary offered to the PGP/MBA batch 2019-21 was INR 27.54 lakh per annum. The highest annual salary offered was INR 55.00 lakh, while the highest international salary offer was INR 1.16 crore. The average annual international salary offer was INR 74.80 lakh.
Every year, SPJIMR includes some additional component in addition to the MEP (MEP already includes non-cash, long-term, and performance-linked components as per IPRS standards), whereas IIMA does not.
Yes, SPJIMR benefits from NO reservation, a Mumbai location, and a smaller batch size, all of which contribute to a good placement record and a high average salary.
If your CAT score is above 99.90 percentile, you will have a decent chance of getting an interview call from IIM Calcutta.
IIM Ahmedabad and IIM Bangalore assign good weight to past academic records for the interview shortlist. You need to have a consistently good record throughout your 10th, 12th, and graduation to get a call from IIMA and B. Having relevant work experience of a minimum of 2 years is also important if you are targeting IIMB.
Firstly, if you haven’t been able to get into Lovely Professional University, don’t get discouraged. Getting into IIMs is also a privilege. You can land decent jobs even as an IIM graduate. So just settle for the best IIM and achieve your goals.
But if you still think with one more chance you can ace the entrance exam of LPU, then take a dropout year and prepare well for it. It will be a year full of struggles but you will have to deal with it with the right spirit. Who knows you might actually get into LPA this time and fulfill your dream.
I think IIM Calcutta is not as recognized or talked about as IIMA or IIMB because it did not gain fame from Bollywood. Bollywood movies have been shot at IIMA and IIMB. So they are more talked about than IIMC. It has nothing to do with its own facilities. That being said, some amazing features of IIM Calcutta are
Top notch alumni base
Beautiful campus: The campus of IIM Bangalore is not an average one. Its beautiful infrastructure and location give it a surreal ambiance.
Amazing Placements: IIM Calcutta is the best for finance placements. Reputed banks like Merrill, Credit Suisse, JP Morgan and Chase, Goldman Sachs prefer students of IIM Calcutta over IIMA and IIMB. For consulting IIM Calcutta has all the top 4 Mckinsey, Bain, BCG and AT Kearney.
So nothing about IIM Calcutta is less than other IIMs. It just lacks the general fame, not the works.
Surely IIM Calcutta is the oldest and yet stands out the most from other IIMs. But trust me it has nothing to do with its campus, alumni, education, placement, extracurriculars or any other features. All the IIMs are equally good in all these aspects.
What makes IIM Calcutta different from them?
In reality, IIM Ahmedabad and IIM Bangalore welcome students only who have been toppers throughout their life. Their academic reports are flawless. Be it their 10th or 12th or Undergraduate. They have never seen failure in their lives.
But in the case of IIM Calcutta, it has both genius students with flawless reports and people who have great CAT scores but below average undergrad or 10th and 12th scores. IIM Calcutta welcomes a mixed crowd and this is what sets it apart from other IIMs.
At IIM Calcutta, you will find peers who have failed or been to the lowest level once. But they have climbed the ladder of success with determination. Studying alongside people with such qualities makes education much more than just learning your subjects. You grow as a person. You don’t find people here, you find profiles. A manager needs to have these qualities in order to excel.
All the IIMs are great but it’s only IIM Calcutta that welcomes a mixed crowd.
In my opinion, the IIM APDS is just an average course. ISB Hyderabad course is much better. It’s better to do Data Science courses from technical universities rather than Management colleges like IIM. Also, the IIM APDS course is quite expensive and more like a BA course than Data Science. It focuses more on Business Mathematics/ Business case study discussion than how to explore a data set.
ISBs course best among these courses because it has all the things that are required:
Brand
Faculty
Industry Connect
Curriculum
Alumni
Also this course has more time for all the subjects and capstone projects too. The only drawback is the high fees.
Let’s consider the effect of graduation scores in summer and final placements separately.
Summer Placements:
During these placements, the recruiters don’t have your MBA profile to judge you. So they have to take your graduation score, past academics, and other criteria into consideration. The summer placements are largely based on what the candidate has achieved till the time he joined his/her MBA program. This is exactly why placement committees request that students utilize the time before joining the institute to improve their resumes. You can upscale yourself with work experience, your education, your extra-curricular activities, etc.
Final Placements:
During these placements, the students are almost about to complete their MBA. This means their profile has improved through various on and off-campus opportunities. These opportunities include research projects, work on industry projects, and summer internships. So now your CGPA in your MBA program and performance in these activities carry more importance than your undergraduate CGPA.
So we can say graduation scores matter in summer placements but not much in final placements.
The entrance test for the joint degree program in business analytics by IIM Calcutta, ISI Kolkata, and IIT KGP is a computer-based test. The examination pattern is as follows.
Total marks | 150 |
No of questions | 50 |
Type of questions | MCQ |
Marking scheme | 3 marks for each correct answer, -1 mark for each wrong answer, 0 mark for each unattempted answer. |
Section wise questions | 15 questions - Verbal Ability, 5 questions - Logical Reasoning, 5 questions - Data Interpretation and Data Visualisation 25 questions - Quantitative Aptitude |
Go through the previous years' PGDBA sample question papers to get a clear insight of the examination pattern.
IIMs can be broadly categorized into two categories; the first comprising IIM ABC and the second comprising IIM KIL. The total fees will be around 16-18 Lakhs or a few lakhs more for these IIMs. As far as the average package is concerned for IIM ABC, it is around 19-20 Lakhs while for IIM KIL it is merely 2 lakhs less. The highest CTC is around 60-70 (International) for these IIMs.
Coming to JBIMS, we get to witness a much higher ROI. This is because the average package is almost similar to these IIMs while the fees are much less. Also, it is a Mecca for Finance enthusiasts. JBIMS has many notable alumni that carry its brand name proudly. Some of them include
So yes, the salary packages of certain IIMs might be slightly higher than that of JBIMS but considering the ROI factor that slightly differs doesn't really matter.
I know a friend who had cracked ONGC and almost touched 100 percentile in CAT. He decided not to go for ONGC but rather to prepare for CAT. But as luck would have it, she couldn’t make it into IIM A B C.
She did not give up and studied hard for the same and got into IIM Calcutta and graduated in 2016. After a couple of chances, she opened her own company in the conventional manufacturing space.
The conclusion from this experience is that you should forego the IIM Calcutta offers if:
you want immediate monetary gains
you do not want to take risks
you are not interested in entrepreneurship
You should go for IIM Calcutta if:
You are looking for a brand name
A huge IIM L network access
If you want an opportunity to pierce into the corporate management space
If you are interested in entrepreneurship
It depends mainly on your risk undertaking ability and what you want from your job.