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How is FMS Delhi for entrepreneurship?
To be really honest, I don't think your institution or even your degree has anything to do with entrepreneurship. It just depends on whether you believe you are competent enough to start something on your own or whether you are better off playing your part in an established structure.
Having said that, for a select few people, getting rid of the EMI headache is unquestionably a blessing. But that doesn't mean you have to pursue entrepreneurship just because you don't have to go to school, don't enjoy your work, or have observed others doing it successfully. Except for maybe 15–20 individuals who chose entrepreneurship either right after FMS or later, I believe that everyone else in my batch is doing well at their corporate jobs. I also know a few graduates of different business organizations who are still pursuing their passion for entrepreneurship.
In the end, it is entirely up to you. You should pursue your passion if you are competent at it and willing to give up a few years of secure work rather than waiting and wondering what would happen. Always do something you enjoy doing so much that you would do it for nothing. then become so skilled at it that clients will pay you to perform it. Therefore, you would be better off if you started earlier.
Why do people take IIMs when they can take FMS Delhi which has such a low fee?
The brand name is the main argument.
When it comes to items as basic as clothing, people are quite brand aware. Do you believe they wouldn't give a postgraduate degree any thought? And in this case, the brand name serves more than one purpose. It benefits you in a variety of situations. Mostly because of the strong alumni network and connections:
Consider that you wish to launch a business. Most likely, your alumni can and/or will jump to your aid with suggestions and financial support.
Imagine yourself losing your job one day. Your alumni can and/or will come to your aid once more. IIM graduates frequently lend a hand to one another in any manner they can. I believe that a few students from IIM-B couldn't get placed at the end of the year in 2007/2008 (I can't remember exactly). With the help of their networks and contacts, the alumni placed the remainder of the class almost promptly. If I'm not mistaken, IIM-A graduates assisted IIM-B at that time. You can see that they are all extremely helpful.
The most important is at last, the Opportunity for Career Development. An IIM degree can help you flourish in ways that are unparalleled. Of course, a lot depends on how you establish your value within the company. It wouldn't be enough to just have your name or degree. But if two men of equal skill and ability (one an IIM graduate and the other an FMS graduate) were to compete for a job in a corporation, the IIM graduate would unquestionably win.
Additionally, not all IIMs can be considered for this. FMS may unquestionably be placed higher than the newest IIMs.
Is there any management quota in FMS Delhi?
No, there is no management quota in FMS Delhi. Admission to FMS Delhi is totally based on merit only, and the selection process is highly competitive. The selection process for FMS Delhi MBA program includes profile-based shortlisting of candidates based on their CAT scores, followed by a Group Discussion (GD) and Personal Interview (PI).
The final selection of candidates is based on a composite score that takes into account the candidate's CAT score, academic performance in classes 10th, 12th & graduation, work experience, extracurricular activities, and performance in the GD and PI. FMS Delhi strictly follows the admission policy and selection criteria set by the University of Delhi and there is no provision for management quota or direct admission.
How is it like being at FMS Delhi? Would you trade your life with someone studying in top IIMs A B or C?
In comparison to the IIMs, FMS retains the advantages of small batch size and a fee structure that is relatively low. The small batch size simplifies placements significantly. With the exception of a few foreign consultancies, most of the top companies that visit the IIMs also visit FMS. Despite all of the university's bureaucracy, etc., there is a well-established alumni network that still ensures that things work out for the current batches.
Because of the small batch size, people are extremely competitive. This was in stark contrast to what you hear about the IIMs. Even though they have competition but they maintain some semblance of sanity due to the large batch. FMS can be difficult to manage at times, both in obvious behaviours and subtle actions by people you study with.
The culture at FMS is influenced by the culture of Delhi. In comparison, IIMs are unquestionably more cosmopolitan. Unless you have prior exposure, adjusting to a new environment can be difficult for people from very different cultures, such as the South or East. Otherwise, you'll have to learn to adjust the hard way. But it's still worth the effort. The people you meet in both locations are of the highest calibre. It is up to you to make the best of the situation.
Even if given the chance, there's no way one would like to trade places with the IIMs.
Can we get admission in FMS Delhi with 97 or 98 percentile and 1 year of work experience?
No. If you are from the General Category, you should have 99+ percentile. From what I know, job experience doesn't matter in the interview process. You will only be asked about your work at the interview, which will only happen if you do well enough on the CAT. So, work on getting a 99+ score on the CAT and do well in Extempore/PI if you get a call.
FMS is one of the few schools that cares less about what you did in the past. If you work hard, you might be able to make it.
|
Parameters |
FMS Delhi |
IIM Ahmedabad |
|
Fees |
2 Lakhs |
24.61 Lakhs |
|
Total Recruiters |
150 |
190 |
|
Total Offers made |
269 |
382 |
|
Median Package |
INR 31 LPA |
INR 36.2 LPA |
|
Average Package |
INR 34.1 LPA |
$ 108,405 |
|
Highest Package |
INR 1.23 CPA |
$ 1,40,599 Per Annum |
|
Top Recruiters |
Accenture Strategy, Airtel, Amazon American Express, Bain & Co, BCG etc |
Boston Consulting Group, Accenture, Bain & Company, Bain & Company, Goldman Sachs, TAS, and TCS |
Why are Delhi School of Economics and other better ROI colleges (like JBIMS and many more) for an MBA not as popular as FMS?
I have a friend who completed his MBA from the Delhi School of Economics. This answer is based on his opinions about why colleges with better ROI like DSE and JBIMS fail to compete with FMS. He has listed a few reasons for the lack of popularity of such B-schools:
- Establishment: DSE MBA first began in 1986 whereas FMS was established in 1954. So the course and the institute are the oldest in the FMS case.
- Alumni: Being an older Institute, FMS has a much stronger alumni network that has built a certain level of credibility in the corporate world. This criterion is missing in the case of DSE.
- Courses offered: Until 2015, DSE offered courses like Master of Organization Development and Human Resources and Master of International Business instead of MBA. Firstly these specializations are not at par with Finance and Marketing. Secondly, MBA has more value than MHROD and MHIB.
- Industrial relations: FMS is much more exposed to the industry and has excellent relations with the corporate world owing to a large number of its alumni.
- Faculty: The faculty is almost similar as both DSE and FMS operate under DU. But the shortcomings are compensated for at FMS via the compulsory guest lectures by industry experts.
- Crowd: The extremely high cutoff ensures only the most talented people enter FMS thereby increasing the quality of education and peer learning experience at FMS. This aspect too is pretty weak in the case of DSE.
It is because of these strong factors that B Schools like JBIMS fail to match the level of popularity enjoyed by FMS.
Why are Delhi School of Economics and other better ROI colleges like JBIMS and many more for an MBA not as popular as FMS?
Here are some of the reasons that should be mentioned:
- DSE MBA was founded in 1986, whereas FMS was founded in 1954.
- An older institute has more alumni to leverage for placements and thus more alumni to build credibility in the institute branding.
- Until 2015, DSE offered a "Master" degree in HR/OD and IB, titled Master of Organization Development and Human Resources and Master of International Business. Two things stand out: i) HR/OD and IB are niche areas to enter in comparison to an MBA-Fin and MBA-Marketing. ii) A MHROD/MIB has lower popularity than an MBA.
- FMS has significantly more industry exposure than DSE, owing primarily to alumni/family of alumni/friends of alumni.
- Quality of Faculty: Though both FMS and DSE are run by DU, what DU lacks in academic-focused faculty is more than made up for in FMS, which has regular mandatory industry guest lecturers.
- The higher cut-off in FMS (relative to DSE) year after year ensures (though is not guaranteed) a certain quality benchmark of students coming in, leading to increased competition and peer learning. Something DSE could think about.
Which one has a better fresher placement in MBA finance, JBIMS in Mumbai or FMS in Delhi?
FMS Delhi Placements 2023 has been concluded. A total of 269 students participated. FMS Delhi's highest package stood at INR 1.23 CPA whereas the average package stood at INR 34.1 LPA and the median package stood at INR 31 LPA. 97% of offers were made above INR 20 LPA. A total of 27% of students were placed in the Consulting Sector and there was a 19% Increase in the number of students placed in the BFSI Sector as compared to the last year.
JBIMS Mumbai is one of the most prestigious B-Schools in India. The institute has recently concluded its 2022 placement drive. The average salary increased by more than 20% as compared to the last year which stood at INR 27.63 LPA in 2022 whereas the median CTC stood at INR 26.48 LPA and the highest salary stood at INR 42 LPA. Consulting companies played the dominating role during the placement drive. Major recruiters included Deloitte, EY, PwC, Accenture, Infosys, KPMG, and many more.
There is no relevant data to tell us about Freshers' data, but both offer great placements regardless. Whichever location suits you; you can go there. However, FMS Delhi is the best according to me.
Can we get direct admission into FMS Delhi?
Direct admission would not be possible if you mean skipping the entrance exam and the GDPI Extempore process entirely. Unless you somehow manage to rig the CAT, get the paper leaked before the test, solve it completely, mark everything correctly, get a shortlist from FMS, know who the panelists are, and successfully coerce them into giving you a final admit, you will have to go through the usual drill.
In short, you must work hard, perform well on the CAT, and prepare for the GDPI Extempore process. There are no shortcuts.
What is the difference between FMS Delhi and the south campus of Delhi University?
FMS, Delhi is one of the most prestigious B-schools in India and is recognized even globally with many of its alumni working in key management positions in global companies. FMS has arguably the best ROI (Return on Investment) with a fees of 2 lakhs and an average placement of 34.10 LPA.
The south campus of Delhi University on the other hand includes colleges like Sri Venkateswara, Atma Ram Sanatan Dharma, Motilal Nehru, etc.
FMS is solely a management institute that offers postgraduate and Ph.D. programs while the colleges under the north and south campus have Bachelor's as well as Master's courses in various fields.
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