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How are the placements for IIM Indore FPM in finance?
FPM is a Ph.D. research program. There are no placement opportunities for this program at IIM Indore.
They can try and seek a job themselves. But this practice is not encouraged by IIM. This is because it spends around 1-1.5 Cr on each FPM participant. They want them to be true to the field of academics. They don’t want FPM students to be employed by the industry, they can just work with them occasionally.
How is the FPM in Finance at IIM Indore, Lucknow, Kozhikode?
The FPM or the Fellow Program in Management is a full-time, residential, fully financially supported doctoral program of the Indian Institute of Management Kozhikode.
One of my friends joined IIM Kozhikode for research under financial accounting and control. According to her, the first year is full of rigor and a rigid curriculum. The FPM students share the curriculum with MBA students in the first year along with 3 FPM courses. The shared curriculum enables them to get in insight into various aspects of Management.
Like the first year, the second to has 3 semesters of 3 months each. This year comprises core FOm courses that give a depth understanding of methodologies and various econometric tools.
One major drawback my friend faced was the improper ratio between the number of courses and their period of study. The second year has 7 courses in each term which imply 12 days per subject which is insufficient. If we consider the 30 hours of classes per course, it means we attend classes for 210 hrs ( appr 8 days).
So IIM Kozhikode no doubt offers top-notch facilities and resources but you will have to prepare yourself to physically and mentally tire yourself to avail of them. FPM is an excellent course for research aspirants and not for casual learners.
How is FMS, Delhi for Finance specialization?
FMS Delhi is largely called the Marketing Campus of India owing to its excellent Marketing specialization. But this does not mean that its Finance department is poorly specialized. FMS provides great opportunities to its Finance students as well.
Faculty
The finance faculty conducts such amazing classes that even non-finance students are able to grasp the concepts easily. The pedagogy includes class discussions and case studies.
Finance Society of FMS Delhi: The Finance Society of FMS Delhi or FinSoc is an active body available 24/7 to clear all your doubts, aid you in preparing for placements, and exams and even help you perform in Corporate Competitions.
Alpha Investment and Research Club: This cell aims at converting your theoretical knowledge into practical lessons. This practical approach is possible through quality research, and knowledgeable sessions that help in understanding the nuances of investing and trading.
Placements
This year the finance domain received 30 placement offers and 11 pre-placement offers. The roles offered included Front End Investment Banking, Corporate Finance, Wealth Management, etc.
The major recruiters that came from the finance sector included Bharti Enterprises, ICICI Bank, HCL, HSBC, Axis Bank, and Crisil.
So FMS is not just a marketing campus but also specializes in Finance.
Is finance placement good for fms delhi?
FMS is known largely for its Management and Consulting placements rather than Finance placements. Let’s have a look at the sector-wise placement statistics of FMS.
|
Domains |
Campus Offers |
|
Management and Consulting |
76 |
|
E-Com/ IT/ Operations |
61 |
|
Finance |
30 |
|
S&M |
25 |
From the above stats we can say that the highest placements were offered to the Management and Consulting domains. The Marketing placements accounted for 39%, Consulting and Management for 17%, IT/Ops for 28%, and Finance for 16%. Finance received almost half of what Management and Consulting placement offers. The top recruiters that came from the Finance sectors are as follows
- American Express
- HCL
- Axis Bank
- Bharti Enterprises
- ICICI Bank
- HSBC
- Crisil
So I don’t think FMS Delhi is good for Finance.
How much bank balance is required for a German student visa?
According to the report of the German Embassy/Consulate, October 2022, students need at least 11,208 EUR (9.84 lakhs INR) in a blocked bank account to apply for the German Student Visa.
I am interested in a quantitative finance-oriented Ph.D., so should I apply for an FPM in the Finance/Control area or Decision Sciences in IIM Bangalore?
Firstly IIM Bangalore does not offer FMP in Maths because it does not specialize in Maths. So if you are going for the quantitative field you need to choose an area of interest on your own.
In India Finance has more to do with economics rather than Maths. This is because of the lack of Maths in UG and PG schools. So the research work has a qualitative approach rather than a quantitative one. Here math is just used to express the research conducted and is not for actual research purposes. So based on this information, I have 3 suggestions for you
- If you are hell-bent on pursuing mathematical finance, do it outside India where the score is higher.
- Applying in both areas will widen your prospects. The only requirement is that you must do your area-specific courses.
- Don’t neglect other areas of finance that are very interesting and also quantitative. These include Corporate Finance or Banking.
Based on my suggestions and information you can make a wise decision that suits you the best.
Why do people prefer IIM Calcutta over IIM Ahmedabad for finance-related jobs?
The claim that IIM Calcutta is India's finance campus, is overstated. Yes, C has a slightly higher number of finance recruiters, but the majority of the top recruiters also attend IIM Ahmedabad and Bangalore. The difference is in tier 2 and 3 finance companies, which Ahmedabad makes up for with good FMCG and consulting roles.
In general, placement processes in Calcutta are disorganized when compared to Ahmedabad, Bangalore, and even FMS. Processes in Calcutta are woefully out of date, as evidenced by the recent dissent against place reps and the subsequent motion of no confidence.
It has been noticed that people only select IIM Calcutta over IIM Ahmedabad if they are having problems with location and not because they believe Calcutta to be superior to Ahmedabad.
Which is the best among IIM Ahmedabad, IIM Bangalore and IIM Calcutta for finance?
Without second thoughts, IIM Calcutta is the finance capital of India. People might think my opinion is biased but in reality, it is based on facts and its reputation today. Some factors that justify its fame in the finance sector are as follows:
-
Location: The nearness to reputed Institutions well connectivity is indeed the most remarkable thing about IIMC. The superior faculty renowned for Economics and Business Policies add to its worth.
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First mover advantage - This has helped IIMC to gain critical mass quickly. The senior alumni took over notable positions in the industry. Also
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Then the constant hard work to sustain its position - it overcame periodic economic crises and always strove to supply high-performing management professionals who could thrive in such situations.
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Being one of the oldest institutes, it enjoys a strong alumni network.
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Consistency: IIMC was consistent in its efforts to gain fame and climb the ladder. It overcame economic crises and was always able to supply high-performing management professionals irrespective of the dire situations.
All this has rightfully made IIMC the finance capital of India and it's a fact not an opinion.
Which finance companies visit IIM Calcutta?
Rightly called the finance campus of India, IIM Calcutta is visited by many top finance companies for recruitment. Some such companies are:
-
Citibank
-
Goldman Sachs
-
Bank of America Merrill Lynch
-
Gaja Capital
-
Barclays
-
Arga Investment
-
Avendus
These contribute to the second highest number of recruitments after the consulting sector.
How is the PGP finance program in IIM Kozhikode?
The PGP finance program at IIM Kozhikode is indeed good. IIM Kozhikode is the 4th Ranked B-School in MHRD NIRF Ranking (2021) among the top 100 Management Institutes.
The PGP Finance is a two-year full-time masters level program designed to aid students in pursuing careers in the financial world, in domains such as corporate finance, investment banking, and wealth management.
Most of the courses are very easy, especially for commerce graduates from DU or other reputed colleges.
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