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How is IMI Delhi for finance?
IMI Delhi should definitely be on your list for Finance. The college is known for its PGDM degree in Finance and is located in the heart of the city, making it easily accessible for all.
IMI Delhi has one of the best faculty bodies in the country and offers a wide range of subjects to choose from. The course outlines are tailored to meet the industry requirements and are designed to provide theoretical knowledge as well as practical insights. You can expect to learn subjects like Wealth Management, Treasury Management, Merger & Acquisition, Private Equity, International Finance, Investment banking, and many more.
The classroom studies at IMI Delhi are completely case-based, which means you get an opportunity to relate theoretical learning with real-time challenges persisting in the industry. This approach prepares you well for the practical challenges you may face while working in the finance industry.
Apart from classroom studies, IMI Delhi also provides a plethora of opportunities in terms of live projects where a student can associate himself with an organization for a span ranging from 1 week to 1 month. This gives the students some degree of corporate exposure besides classroom case discussions.
To further enhance the learning experience, IMI Delhi has recently installed 8 new Bloomberg terminals in the college. This will increase and ease the accessibility of the same to the students, thereby providing them with a world-class learning experience.
So if you're looking to pursue a career in finance and want to get the best out of your management degree, IMI Delhi should definitely be on your radar.
What should I choose between SPJIMR Finance and IIM Lucknow, having converted both?
If you are deciding between IIM Lucknow and SPJIMR for Finance, it is important to weigh your options. Here is what you need to know about IIM Lucknow's Finance faculty and placements:
- Placements: IIM Lucknow Finance placements have been doing well, with a good number of front-end roles coming to the campus. The highest salary for Finance stood at INR 53.34 LPA and the Mean salary at INR 32.21 LPA. Some of the companies that recruited from IIM Lucknow for Finance roles include JP Morgan, Citibank, Morgan Stanley, Black Rock, Kotak, Investec, Avendus, Arga Investments, Spark Capital, Ernst & Young IBD group, Piramal Group (Capital Markets), Deutsche Bank, Bank of America Merrill Lynch, Citibank, Goldman Sachs, Nomura, Standard Chartered, and HSBC.
- Front-end roles: Many companies offer front-end roles at IIM Lucknow, including JP Morgan, Citibank, Morgan Stanley, Black Rock, Kotak, Investec, Avendus, Arga Investments, Spark Capital, Ernst & Young IBD group, Piramal Group (Capital Markets), and foreign markets desks based out of India like Deutsche Bank, Bank of America Merrill Lynch, Citibank, Goldman Sachs, Nomura, Standard Chartered, and HSBC.
- Learning and Faculty: The Institute offers a good number of electives in Finance ranging from subjects like Investor Psychology, Quantitative applications in finance, Project Finance, Corporate Banking & Risk Management, etc. The faculty is able to provide exposure through guest lectures and industry workshops.
On the other hand, SPJIMR may not have as many big-name companies visiting for Finance roles compared to IIM Lucknow. From what has been reported in the media, some notable names missing at SPJIMR during the past 2 years include Citibank (front-end markets role), JP Morgan (front-end markets role), Nomura, Deutsche Bank, and Bank of America Merrill Lynch. However, Barclays visited SPJIMR but not IIM Lucknow in the last 2 years.
When choosing between the two institutes, it is important to consider your personal goals and interests. Do your research and decide which institute aligns better with your career aspirations.
How was your SPJIMR interview experience for the finance stream?
One of the students interviewed by SPJIMR on 25th February 2021 for the finance stream, shared their experience. During Group Interview 1, two professors and three students were present. You should give well-prepared answers when asked about yourself, why you want to pursue an MBA, your long-term and short-term goals, and your favorite subject. You should also confidently answer questions about financial management, such as what CAPM is and what Beta is in CAPM. If you are unsure of an answer, you should try to explain it as best as you can.
When asked about the performance of banks in the country and whether the latest budget provisions will help, you should be well-prepared with your answer. When comparing recent changes to those made in the 90s, you should try to highlight both the positives and negatives. When asked about the challenges you've faced during bank audits, you should answer based on your experience in the sector.
During Group Interview 2, two professors and four students were present. You should confidently answer questions about your experience during Group Interview 1 and explain why you want to pursue an MBA and your long-term and short-term goals. If asked about your hometown, you should try to answer as best as you can. If asked how you would cope in SPJIMR for two years, you should link your answer to your audit experience of going outstation for months and managing to cope well.
How should a software engineer prepare for SPJIMR interview for MBA in Finance?
Preparing for an interview can be a hefty task if not done in the right way without the right set of knowledge. So here I am with a few tips that will upscale your interview preparation
- Identify your unique skills and USP. Present a logical stance as to why you are a better candidate than others and can contribute to classroom learning.
- Present a passionate claim of how Finance is your go-to specialization and how you are most suited for it.
- You should have made attempts to understand Finance in the past through online courses or interaction with people in the industry
- Get important knowledge about the industry and its key persons
- Answer the Why MBA part genuinely and don’t sugarcoat or bluff
- Present both your short-term and long-term goals after completing your MBA and make sure they are realistic
- Try to listen to others' opinions too during the interview
- Support your claims with plausible examples or life experiences to create more impact
- Approach the answers wisely
- Respect all the other members and give everyone a chance to speak
Lastly, don't let your anxiety get the better of you.
At SP Jain (SPJIMR), is it possible for a guy specialising in information management to get a job in finance or consulting or any other area?
Yes, there is a possibility of getting a job in Finance or Consulting despite having a specialization in Information Management. The chances are low though and vary for every role.
Consulting: It is a very broad domain and comprises both Functional (Operations, Finance, HR) and Industry area (Automotive, FMCG, Electrical, Oil and Gas). The interviews for consulting roles revolve around the projects that a company is involved in. Hence, your specialization in Information Management is irrelevant.
There are many companies with dedicated BUs/areas for IT/Tech Consulting. They give r more preference to IM specialization and students with prior exposure and experience in technology.
Apart from consulting, other domains like Marketing, Operations, and Finance have little scope for IIM specialization. This is because companies prefer candidates with prior experience or current specialization in the required area.
My advice to you would be to select your minor specialization as your area of interest. So it’s possible to get a job in consulting despite having IM specialization but the probability is low for most of the domains.
Which college should I prefer for Finance: XIMB BM, IMT G or IMI Delhi?
In choosing your B-school, the primary factors that you should consider are, the specialization you want to opt for and the ROI you are expecting. In your case, you want to go for Finance. The list of preferred B Schools you mentioned has similar fees and placements so I will be answering solely based on specialization.
Finance: IMI Delhi is the best choice of all the options when it comes to Finance. A premium quality crowd opts for Finance at IMI Delhi and the main reason is the customized MBA program in Finance. Many companies of the Finance sector visit the campus for placements. Finance students also avail the best opportunities and guidance and have a higher level of security than Marketing students.
However, in case you have more than 2-3 years of work experience, IMI Delhi is not a suitable option. Although you may stand out among your batchmates, the companies visiting the campus are not aware of this and offer roles suitable for less experienced students only. So your work experience may not be credited here.
The general preference order should be: IMI D>XIMB>IMT G
Which one is better: NMIMS, JBIMS, or SP Jain for Finance if I was looking for good placements and brands?
If you are considering pursuing an MBA in finance at NMIMS, JBIMS, or SPJIMR, the ranking is JBIMS > SPJIMR > NMIMS.
JBIMS has a high-quality education due to the prominent faculty members who come to the campus regularly to teach and give guest lectures. Some of the notable faculty members include Prof. Moradian, Prof. Shivanand & Kedar Mankekar, Prof. Sandeep Gokhale, Prof. Ghadiyar, and Prof. Jagdeep Kapoor.
The institute also has an excellent placement record, with major companies such as Deloitte, EY, PwC, Accenture, Insofys, and KPMG visiting the campus. The average salary during the 2022 placement drive was INR 27.63 LPA, with the median CTC at INR 26.48 LPA and the highest salary at INR 42 LPA. The 2021 summer internship placement drive was also a success, with the highest stipend offered to be INR 5.67 Lakhs per month and the average stipend at INR 2.05 Lakhs per month.
JBIMS also has a strong industrial interface, with many companies providing live industrial projects to students, which is a significant benefit. The institute is located in Mumbai, which is close to many corporate headquarters, such as HDFC, ICICI, BCG, and McKinsey.
The institute has also performed well in national-level competitions, such as HUL LIME, P&G Dream Team, JP Morgan - The Deal, Nomura Investment Banking Case Study Contest, and PepsiCo BIAC. The alumni network of JBIMS is extensive, with notable alumni such as Noshir Kaka, Nitin Paranjpe, Kainaz Gazder, Vinita Bali, Mani Ratnam, Sam Balsara, Chanda Kocchar, Ajay Piramal, Paresh Sukhtankar, Sanjay Lalbhai, Rohit Narang, Shruti Bajpai, Ravi Chaturvedi, Siddharth Roy Kapur, Uday Kotak, Harish Manwani, Parag Gude, and many more. JBIMS is referred to as the "CEO factory," which is a testament to the quality of education and training provided.
What are the merits of SIBM Pune over NMIMS Mumbai? Is SibM worth it for finance?
Both the colleges give an equal edge to each other in terms of establishment and worth yet if I had to choose one, I would definitely go for SIBM. I have stated a few points favoring and reasoning my choice
- Batch size: The major perk of SIBM over NMIMS is its small batch size in comparison to NMIMS. This facilitates better placements and teacher-student interaction.
- Fees: The fees of SIBM Pune is lower than that of NMIMS because of accommodation and living costs.
- SIBM Pune MBA fees: ? 13,49,000/Yr
- NMIMS MBA fees: ?11.95 Lakhs (1st Year Fees)
- Hostel: SIBM Pune has a hostel facility in contrast to NMIMS which has hostels for limited people that too at a high cost.
- Campus life: SIBM Pune provided you with an experience of campus life which is lacking on the part of NMIMS.
- Placements: Although both the B Schools have a 1% placement percentage, the quality of roles is low at NMIMS due to the huge batch size. The time taken for the batch to get placed is also more in the case of NMIMS.
- COL: The cost of living is less in the case of SIBM Pune whereas a lot is in the case of NMIMS Mumbai.
- Specialization: While NMIMS is mostly known only for its Finance, SIBM excels in both Finance as well as Marketing.
All these points conclude that SIBM Pune is a safer and better option.
What is the best preparation strategy for the JBIMS MSc finance interview?
If you have a non-finance background, it is recommended that you begin your preparation for the JBIMS MSc finance interview at least 4-5 months prior to your interview for the MSc Finance course. You must be sure about your interest in finance, as M.Sc Finance is a very core course. If you have a finance background, you are expected to have a deeper understanding of the points mentioned below. Along with knowing the "whats", you must also know the "whys". In terms of preparation, it is important for you to:
- Be well-informed about the current market scenario and keep track of SENSEX, NIFTY, gold pricing, INR/USD, and oil pricing.
- Have a good understanding of the current Indian economy, including its GDP, inflation, and the factors that impact it.
- Stay updated with the RBI rates, including Repo, Reverse Repo, CRR, and SLR, and know their meanings.
- Be aware of the current global scenario, such as Demonetisation, BREXIT, and Trump.
- Consider the question "Why MSc Finance?" as the first and foremost point of focus in your preparation, even if you have a good academic background. You may still be asked why you chose MSc in Finance over an MBA or PGDM.
- If you have work experience, you must be familiar with your work and its impact on business.
By being thorough with all of these above-mentioned points, you will be well-prepared for the MSc Finance interview.
How is NMIMS Mumbai for finance?
NMIMS MBA in Finance is widely renowned and is among the most coveted course. NMIMS Mumbai in itself is a brand well known for MBA with Finance being its specialization. After Finance it’s Marketing that has been doing well these days and HR is also growing at a steady pace. Yet, one has to admit that it’s Finance companies that offer the highest packages at NMIMS. NMIMS Mumbai comes right after JBIMS and SPJIMR.
NMIMS MBA placements for the Finance sector have been tabulated below
|
Company |
Role |
Number of students |
CTC |
|
IDFC First Bank |
Product, Sales, Operations, Analytics |
16 |
19-22 |
|
Credit Suisse |
Investment Banking |
4 |
17-21 |
|
CRISIL |
Equity Research, MT, Consultant |
13 |
14-16 |
|
Goldman Sachs |
IB, Equity Research, Risk |
16 |
13-25 |
Many other top companies visited the NMIMS campus for Finance placements. For a clearer pro tire contact an alumni.
For Core MBA, NMIMS is ranked around 20-25 and for Finance around 10-15. NMIMS Mumbai is a decent option in case you couldn’t make it into JBIMS, IIMC, FMS, XL, SPJIMR or MDI.
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