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I have converted calls from NMIMS, Mumbai and SIBM, Pune. Which one should I choose given that I have an inclination towards finance specialization?
NMIMS is well known for its Finance specialization. Many might consider its huge Finance intake or the entire batch size, in general, a drawback. But if we compare the placement reports of SIBM Pune and NMIMS Mumbai, the latter is visited by most of the top Finance companies. Most companies in the Finance sector prefer NMIMS over other B Schools and students who are Finance enthusiasts too prefer NMIMS over other B Schools. The main reasons pertaining to this preference are
- Better placements than SIBM Pune
- More number of companies visiting the campus than SIBM Pune
- Its location in the Finance capital gives it a lot of advantage over SIBM Pune
- More corporate exposure owing to its location than SIBM Pune
Finance companies give more preferences to your knowledge and inclination towards the domain rather than your work experience. The only drawback of NMIMS is its high fees and lack of campus life. But the Finance roles offered are good enough to overshadow this flaw.
What do I choose between SP Jain (in finance specialization) and MDI Gurgaon, if one is not sure of the specialization?
Both S Jaim and MDI Gurgaon are highly-ranked colleges. So choosing the colleges can be made easier by referring to the general placement statistics of both institutes.
|
Particulars |
MDI |
SP Jain |
|
Number of Recruiters |
87 |
116 |
|
Highest CTC |
INR 1.14 CPA |
INR 61.5 LPA |
|
Average CTC |
INR 26.65 LPA |
INR 29.5 LPA |
|
Top Recruiters |
Microsoft, Google, HCL, Adobe |
Accenture, Amazon, Microsoft |
MDI Gurgaon Placements 2022 saw the participation of 87 recruiters. Among them, 35 were first-time recruiters. Major recruiters included Asian Paints, Axis Bank, HCL, Infoedge, Microsoft, Samsung, Flipkart, Amazon, Jio & many more. The participating batch comprised a total of 391 students. Students received 131 pre-placement offers.
During SPJIMR Placements 2022, 75 recruiters visited the campus. Some of the top recruiters are Accenture, Aditya Birla Capital, Amazon, American Express etc. PGDM students 123 PPOs/PPIs. The highest salary offered was INR 53.16 LPA. The average salary of PGDM students was INR 32.06 LPA.
In terms of placements, MDI Gurgaon fares better than SP Jain although the difference between the two is not notable.
How good is MDI, Gurgaon for specialization in Finance?
MDI Gurgaon has been consistently ranked amongst the best B Schools in India and has become one of the most coveted B Schools in India. MDI Gurgaon maintains a good placement record over years. The institute has recently released the final report of the 2022 placement drive. According to the report, there was an increase of 12.57% in the average salary. The top 50% average salary stood at INR 32.2 LPA. The highest salary offered was INR 1.14 CPA which increased by about 159% as compared to the previous year. The median salary stood at INR 23.50 LPA.
This year saw a considerable increase in the number of companies offering profiles to students in the Finance domain. Some companies that offered Investment Banking roles are
- Goldman Sachs
- HSBC STG
- JPMorgan Chase
- Nomura
Niche roles were offered by Private Equity firms such as
- The Chesapeake Group
- American Express
- Axis Bank
- Citibank
- Bank of America
- HSBC
- ICICI Bank
- Religare
- SBI Capital Markets
- Standard Chartered
- Synergy Consulting
With so many big names from the Finance sector visiting the campus we can deem MDI Gurgaon as quite a good choice for specialization in Finance.
How is life after passing out from JBIMS of finance student?
Life after passing out from JBIMS or any other Business school is full of drastic changes. Some major changes your life may have are listed below:
- Everyone around you overestimates you as a Business School graduate. People have high expectations from you being a Management Trainee.
- The B School has taught you the talent of handling tight deadlines and this comes to use during your initial years post-graduation.
- You start making a lot of money but the sad thing is that even that much money is not enough to satisfy you. Your expenses increase considerably including your clothes, food, vacations, etc
- You start traveling a lot. This may include a casual meet-up with a friend, a business trip, or even a vacation.
Ultimately your life takes a drastic turn imposing new professional challenges that make you either successful or wise or both. So make sure you enjoy your life to your fullest while in a B School for life will change terrifically after graduation. Make a lot of memories and keep learning new things.
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.
How is the placement of the IBS Hyderabad in finance?
Many get confused between ISB and IBS Hyderabad. The former is a top B School with high Global rankings while the latter is a mediocre college.
As far as placements are concerned, they depend more on an individual’s profile, skills, knowledge, and personality than the college they hail from. Yet I have to admit having IBS on your resume will definitely limit your chances of getting a decent package. This is because the brand value is low and it does not meet the standards of the top B Schools. I know a friend who after graduating from IBS did his internships at a top bank and ever since then has been unemployed in the search of a decent job.
My personal advice regarding higher education is that it’s better to invest and go for a college that will add value to your resume in the future than spend less money and go for a mediocre college that might make the job-hunting game a difficult one for you.
How are the placement opportunities for Chartered Accountants/ Finance Professionals at ISB (PGP) Hyderabad?
It is advised that you not rely on overly optimistic answers from admission consultants, enthusiastic alumni, or overpaid faculty regarding the opportunities for Chartered Accountants/ Finance Professionals at (ISB (PGP) Hyderabad.
- Placements: Finance jobs are considered to include investment banking, private equity, venture capital, mergers and acquisitions, financial planning and analysis, equity research, credit rating, asset management, and tax and advisory services (by Big 4).
- Faculty: The visiting faculty at the Mohali campus is highly engaged and humble, but the domestic faculty is deemed by a lot of students as incapable and arrogant, with one professor even coming to class drunk.
- Curriculum: The finance curriculum at ISB is well-designed and provided enough material and case studies to students. There are students who also take electives in Data Analytics in Finance and Introduction to FinTech and found the quality of these courses to be good.
What courses should I do before pursuing an MBA at IIM Sambalpur if I have an interest in finance and marketing?
It is completely normal to have an interest in both finance and marketing, as they are both important and widely applicable areas of business. To explore your interest in finance, there are many short, introductory courses available on platforms like Udemy that can be completed at a relatively low cost, such as for no more than INR 500. Additionally, you can read basic finance books from any commerce background to gain a solid foundation in the subject. Similarly, for marketing, there are many courses available on platforms like Udemy, as well as other sites. However, it is worth considering that pursuing an MBA program with a fresh mind and an open outlook for many possibilities may be beneficial for gaining a comprehensive understanding of marketing.
In addition to gaining specialized knowledge in finance and marketing, it is also important to have a good understanding of MS Excel and Powerpoint. These skills are widely used in the business world and will be beneficial for any professional in any vertical or specialization.
Is it preferable and possible to do a CFA along with an MBA in Finance if I take admission in IIM Bodh Gaya?
It is possible to pursue the Chartered Financial Analyst (CFA) certification in conjunction with an MBA degree from IIM Bodh Gaya, as well as other certifications such as Financial Risk Manager (FRM), Financial Modeling and Valuation Analyst (FMVA), Certified Business Continuity Analyst (CBCA), Certified Market Surveillance Analyst (CMSA), National Institute of Securities Markets (NISM), and National Stock Exchange's Certification in Financial Markets (NCFM).
Whether or not it is preferable to pursue the CFA certification alongside an MBA in Finance is a matter of personal preference. Like other IIMs, IIM Bodh Gaya has a rigorous curriculum and pedagogy. If you are able to make time outside of committee and club activities and studies and are willing to sacrifice some sleep, pursuing these certifications can greatly enhance your resume and increase your marketability in the job market. However, it is also a high-risk, high-reward decision. Even if you do not pursue these certifications, IIM Bodh Gaya will still provide you with attractive job offers if you put in the effort.
Which college is better for Finance among IMT Ghaziabad (PGDM) & TAPMI BKFS?
IMT is a well-established college and comparing it to a mediocre college like TAPMI is not justifiable. Of the two, IMT Ghaziabad is clearly a better choice. To explain further I have compared both these institutes on the basis of some parameters like
- Establishment: Both these institutes were established in 1980 so they carry an equal legacy.
- Alumni: Despite a similar legacy, IMT Ghaziabad alumni are placed in higher positions and top firms today. The extensive alumni network has opened gates for corporate and industry exposure. IMT Ghaziabad’s alumni comprise more than 300 CXOs.
- Location: IMT Ghaziabad enjoys a better location advantage over TAPMI
- Pedagogy: Both the Institutes are AACSB accredited and follow similar curriculums yet there is a stark difference in the quality of education. This is because of the better pedagogy at IMT Ghaziabad than at TAPMI.
- Faculty: IMT Ghaziabad's teaching methodology is way ahead of that of TAPMI and the credit goes to its excellent faculty with amazing profiles. They have great industry exposure and help the students grasp the concepts practically.
- Placements: IMT Ghaziabad has an upper hand in this aspect also. This can be explained further through the table below
|
Particulars |
IMT Ghaziabad |
TAPMI |
|
Number of recruiters |
130+ |
21 |
|
Highest CTC |
INR 62 LPA |
INR 22.3 LPA |
|
Average CTC |
INR 15.28 LPA |
INR 15.7 LPA |
|
Top Recruiters |
Morgan Stanley, BCG, Accenture Consulting, Goldman Sachs, Google, Infosys Consulting, Emami International, TATA Consumer Product |
EY, HDFC Bank, HSBC Bank, Tata Capital |
From the table you can easily infer that the placement scenario is far better at IMT Ghaziabad than TAPMI. In fact in almost all aspects IMT Ghaziabad is way ahead so it’s definitely a better choice than TAPMI.
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