Symbiosis Institute of Business Management - [SIBM], Pune

SIBM Pune established in 1978, was the first college to be set up under the Symbiosis Society. Initially it started with its old campus at Senapati Bapat Road in Pune. Later it shifted to its permanent campus on the magnificent hills of Lavale in 2007 and was labeled as the Hilltop Heaven. 

As per NIRF Ranking 2023, SIBM Pune was ranked 17th among the top management institutes in India. It is a popular institute among the private B-Schools and has been ranked 6th by Outlook 2024. 

The institute is known for its flagship MBA program and also offers an MBA I&E and an Executive MBA program. The seat intake for MBA is 180 seats and for MBA I&E is 60 seats. The admission into the MBA program is based on a common entrance exam called SNAP, followed by a Group Exercise and a Personal Interview. The SNAP cutoff is around 98.2 percentile. 

The fees for the current 2024-26 batch is INR 26.79 Lakhs for 2 years. The placement for the year 2024 has concluded successfully. The institute has achieved a highest package of INR 49 LPA and an average package of INR 28.16 LPA. 

Highlights

• Merit List - The first, second and third merit lists for MBA admission 2024 have been released. 
• SNAP Cutoff - SNAP cutoff 2024 was around 98.2 percentile. 
• MBA Fees - The fees have increased from INR 24.59 Lakhs in 2023 to INR 26.79 Lakhs in 2024.
• Placement 2024 - The highest package stood at INR 49 LPA and the average package at INR 28.16 LPA.

SIBM Pune Admission

• Selection Basis: The admission into the MBA program at SIBM Pune will be based on the SNAP test, followed by a Group Exercise and a Personal Interview (GE-PI).
• SNAP Test: It is a common admission test for admission into all the Symbiosis campuses. It is usually held in December in 3 Phases and the registration for the same starts in August. 
• For SNAP 2023, over 1 Lakh students registered, which was around 25% more than the previous year.

The timeline for the admission process is as follows:

SIBM Pune Cutoff 

• The 2024 SNAP cutoff for SIBM Pune was around 98.2 percentile. 
• The candidates clearing the minimum cutoff will be shortlisted for the GE-PI round. 

SIBM Pune Courses & Fees

SIBM Pune offer only 3 courses i.e. MBA, MBA I&E and an MBA Executive. The details of all the courses offered by SIBM Pune are as follows:

• The MBA batch has 180 seats and the MBA I&E has 60 seats. This intake has remained unchanged for the past few years.
• Among the total seats, 15% of seats are reserved for SC, 7% for ST and 3% for Differently Abled candidates. Also, there are 2 seats extra for Kashmiri Migrants and 15% more seats for International students. 

The seat intake of other MBA institutes is shown in the graph below:

The SIBM MBA fees over the years are as follows:

• The fees of SIBM Pune increases every academic year. This year for the academic batch 2024-26, from INR 24.59 Lakhs in 2023 to INR 26.79 lakhs in 2024.
• The hostel and mess fees have also increased every year by around 10%. The hostel fees for the academic batch 2024 is INR 65K per semester and the mess fees is INR 47.25K per semester. 

SIBM Pune Batch Profile 

The data of the MBA batch 2023-25 are as follows:

• The batch had a gender diversity with 39% female students. 

• The average age of the students in the batch is 23.09 years.

• The batch had around 39% freshers and the rest 61% of the students had prior work experience. 
• The average work experience of the students is around 15.36 months.
• The majority of the students have work experience in backgrounds like IT/ ITES, Automotive/ Manufacturing, Professional Services, BFSI, Healthcare/ Pharmaceuticals, and E-Commerce. 

The academic background of the batch 2023-25 is as follows:

• The majority of the students i.e. 65% of the MBA batch 2023-25 are from Engineering & Science backgrounds and the rest 35% of the batch are from Management & Commerce, Arts, and other disciplines. 
• Over the last 3 years, it has been seen that the majority of the students selected for the MBA program are from engineering backgrounds. 

The below graph shows the percentage of engineering students in the last 3 years:

SIBM Pune Placements 

• The placement for the MBA batch 2022-24 has been concluded with the participation of 103 recruiters, which included both legacy and new recruiters. 
• 96 students received PPOs through their summer internships. 

The placement statistics for 2024 are as follows:

• The difference between the median package and the average package is quite high. This shows that the placement is highly skewed and thus the average package is not a good measure to analyze the SIBM’s placements.

Let's look at the average package of the institute over the last 4 years:

• The above graph shows clearly that the average package of the institute is consistently being increased every year. 
• Around 50% of the legacy recruiters return every year to hire students from SIBM Pune, offering a package higher than the previous year. The percentage increase in the average package every year is around 5 - 15 percent. 

The below graph shows the average package comparison for the year 2023, as no other institute except SIBM Pune has released its 2024 placement report. 

• As per the graph, the average package of SIBM Pune is similar to the NMIMS Mumbai, but JBIMS have a higher average package compared to all. 

Sector-Wise Breakup 

• In the 2024 placements, BFSI is the most dominating sector with offers made to around 23% of the students. 
• The average package offered to the finance students was 25.52 LPA and some of the roles offered to them were Credit Risk Management, Financial Analytics and Change Management, Investment Banking, Project & Product Management, Wealth Management, etc.
• The next dominating sector was IT/ E-Commerce with offers made to 21% of the students, followed by the FMCG/ FMCD sector with 18% of offers and Automotive/ Manufacturing with 13% of offers. 

SIBM Pune Summer Internship Report 

• The summer internship placement of MBA batch 2023-25 concluded with the participation of 70 recruiters. 
• The highest stipend bagged by the students was INR 4.50 Lakh, which was mainly offered to the students of Marketing and Human Resources. 
• The overall average stipend stood at INR 3.23 lakhs, but the average stipend of males differed from that of female students, i.e. INR 3.19 lakhs for males and INR 3.29 lakhs for females. 

Some of the top recruiters who participated in the summer internship placement are as follows:

• To know about all the recruiters that visited SIBM Pune, visit SIBM Pune Placement page.

SIBM Pune ROI – An Analysis

• The ROI received by the current passing batch i.e. 2022-24 was 46.89%, which is less than the ROI offered to the batch 2021.

Let's compare the ROI of SIBM Pune with other top MBA colleges:

• The above table shows that the JBIMS and NMIMS Mumbai have a better ROI compared to SIBM Pune and JBIMS offers the best ROI among all.

Life at SIBM Pune 

Campus - SIBM Pune is situated on the magnificent hills of Lavale, with the academic block at one end and the hostels at the other. The campus offers a picturesque view of the valley from all sides. The students say that the view is spectacular during the night, especially from the amphitheatre. Because of the breathtaking views it offers, the campus has been currently called the Hilltop Haven.

Campus Facilities - The institute has a well-managed library with books in all areas of management and subscriptions to databases & journals. There is a convention center and an auditorium for hosting cultural as well as formal/professional events. There are also some amazing sports facilities like a swimming pool, a gym (with Zumba, aerobics and Yoga batches), badminton, squash and basketball courts, a full-sized cricket and football field, table tennis setups, and even a room with a pool table and apparatus.  

Hostels - The institute has 3 hostel blocks that include separate hostels for boys and girls. The rooms are not very spacious and are usually in two, triple and four sharing. Each hostel room has study provisions and adequate storage space. There is a common TV area where all the important matches are enjoyed in large groups. 

Typical Day at SIBM Pune: The schedule of the SIBM students is dynamic. The students receive their schedule every morning in their mail. Their day usually starts in a similar fashion with everyone walking or running towards the mess and then going to their classes for the 8 am session. After the classes are done, students continue their day with their own thing like some of them go to the council room if they are members of the Student Council, and some play sports or hit the gym. After dinner, the students are either found in their rooms, library or at the midnight canteen, working on their group projects and assignments. 

5 Reasons to Choose Your Institute

• Symbiosis Brand Name - Symbiosis is one of the premium brands in the field of management studies, with a strong legacy. Symbiosis is known for its quality education and has a strong reputation among recruiters. 
• Beautiful campus - This campus is one of the reasons that may attract many MBA aspirants. The campus offers breathtaking views of the valley. After a hectic day with lectures and assignments, it feels nice to take a stroll down the road or perhaps sit back and relax at the amphitheatre and look at the twinkling city light. 
• Student-driven Culture - Almost all the events and activities from admission to placement, from social and public relations handling to research, from CSR to inviting corporations for guest sessions are handled by the students. These activities instil pride and a sense of responsibility within the students and give them a taste of what life will be like after graduation. 
• Students Exchange Program - SIBM Pune has collaborated with various foreign institutes to provide global exposure to the students. The institute also provides an opportunity to its students to actively participate in various summer programs offered by international institutes. 
• Placement: SIBM Pune has a record of offering 100% placement. The institute has associations with some of the top companies like Amazon, Accenture, BNY Mellon, Cisco, Capgemini, Deloitte, Google etc, that visit every year to hire the graduates. The highest package recorded till now is INR 49 LPA and the average package at INR 28.16 LPA.