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How is SPJIMR's placement report better than IIMs including IIM Calcutta and as good as IIM Ahmedabad (both Average and Median)?
Here are a few possible reasons why SPJIMR placements are better than or equally good as IIMs
- SPJIMR has a much smaller batch size in comparison to IIMs and thus the average rises.
- SPJIMR has a very rigorous selection process that filters the best students and the recruiters are well aware of this.
- SPJIMR enjoys a great location maximizing the exposure and opportunities rendered to the students.
- The students perform exceptionally well in the placement interviews and thus secure high packages.
It's important to note that these reasons are just based on speculations and it cannot be exactly determined why some placements are better than others.
What are my chances of getting a PROFILE based call from SPJIMR (SP Jain Institute of Management and Research)?
SPJIMR usually expects an all-rounder profile from its candidates. A profile is said to be good if
- Excellent Academics; 90%+ on Boards and 80%+ in Graduation
- A great extracurricular background; For instance, Senior diploma in arts/national level winner in swimming, quiz, debate
- A good work experience; Consistently high rating by senior management, winner in hackathons
All three or at least 2 of these shall guarantee or increase your chances of admission considerably for a profile-based call from SPJIMR. An additional ground to score well is the application form wherein you are required to fill in about yourself. If your matter appeals to the selection committee you can surely wait for a call. The admission process further comprises two group interviews, essays, and psychometric tests.
We can safely conclude that SPJIMR focuses on an overall good profile and not just high scores.
How is life at SP Jain (SPJIMR) for a full time MBA (PGDM)?
Life at all the top B Schools in India for MBA aspirants is pretty much the same. It’s hectic and rigorous but highly knowledgeable. The B Schools offer an insight into the various angles of Management in a period of 2 years through excellently designed pedagogy and curriculum.
Coming to SPJIMR specifically, has a blend of a variety of features that sets it apart from other top B Schools. Some of these include Innovative pedagogy, Profile-based interview calls, ADMAP, DOCC, Abhyudaya, Global Fast Track, and Autumn placement structure. But the one aspect my answer will solely focus on is the amazing culture of SPJIMR which is like no other B School.
- Harmony: When it comes to student connectivity, SPJIMR really does steal the show. While many B Schools have witnessed cases wherein ragging and bringing down rivals is a common occurrence, SPJIMR refuses to adopt this culture. There is tremendous harmony among the students such that if someone was struck during a presentation, the whole class would try their level best to save him from embarrassment. Such small acts speak highly of the student connection which was observed even by many professors who had visited other B Schools too.
- Collaboration: The much-heated events in a B School are Corporate Competitions that are said to bring out the worst side of people. Other B Schools have competitions where competitors are treated as rivals and there is tough competition. Interestingly enough, SPJIMR has a very different outlook on the same. SPJIMR students collaborate with each other while preparing for these competitions. Basically, students help out their batchmates before themselves, and this results in a beautiful bond between them.
- Placement Committee: It is very common for a placement committee to be rude toppers who are always causing constant wars between the students. They become placeCom mainly for upgrading their CV. But SPJIMR Placement Committee is yet again very different in the sense that its sole purpose is to get its students the best placements. They conduct elaborate discussions to formulate training plans for the students to face the tough placements. They are friendly yet stern.
I know many may criticize me for jotting such minor points in reference to campus life at SPJIMR. But in my opinion, the culture of an Institute is a very important parameter as it determines what kind of relationships you will have with your peers and the kind of friends you will have for a lifetime. You get to have the best alumni network as a cherry on top.
How good is GMP program of SPJIMR?
SPJIMR GMP program offers global exposure to students. The GMP partner schools are -
- Brandeis International Business School, Massachusetts, United States
- Robert H Smith School of Business, University of Maryland
- EBS Business School
- Stevens Institute of Technology
- IESEG School of Management, Paris
- Nyenrode Business Universiteit
These partner schools have rich alumni bases and are featured regularly in FT Masters rankings.
The major recruiters for SPJIMR GMP are L&T, Nestle, ITC, Deloitte, ITC, etc. There are a few successful entrepreneurs in the house as well.
The GMP program isn’t as recognized as the PGDM program of SPJIMR. But it is a great option, especially if you want to explore the global markets.
What is the XAT Cutoff for SP JAIN, K J Somaiya, IMT Ghaziabad, TAPMI, and FORE?
XAT or Xavier Aptitude Test is a national-level entrance exam conducted by XLRI, Jamshedpur for admission to management programs offered by more than 150 B-schools across India, including SP Jain Institute of Management and Research (SPJIMR), K J Somaiya Institute of Management Studies and Research, Institute of Management Technology Ghaziabad (IMT Ghaziabad), T A Pai Management Institute (TAPMI), and FORE School of Management.
Each of these B-schools has its own XAT cutoff score based on factors such as the number of applicants, the difficulty level of the exam, and the availability of seats. Generally, the XAT cutoff scores for these B-schools range between the 80 to 90 percentile.
It's important to note that while cutoff scores are an important factor in the admission process, they are not the only factor. Other factors, such as your academic background, work experience, extracurricular activities, and performance in other selection rounds, also play a crucial role in the admission process. So, it's always a good idea to aim for a high score in XAT and prepare well for other selection rounds to increase your chances of admission to the MBA program of your choice.
What would be better for an above average student interested in finance, IIM Kozhikode or SP Jain?
Both colleges have nearly identical fee structures. Top consulting firms such as Mckinsey, EY, and Frost & Sullivan hire from K but not SP Jain. BCG, Accenture Strategy, PWC, Deloitte, KPMG, PRTM, CBC, and others have all visited both. While consulting firms extended 41% of all offers, the median salary increased by 32.5 percent from 2021 to 2022. Consulting emerged as the top recruiting sector at SPJ, with offers extended to 38% of the 238 participants.
In terms of middle office IBD and Wealth Management roles offered by JP Morgan, Deutsche Bank, Goldman Sachs, Bank of America, and Credit Suisse, K clearly outperforms SPJ. However, SPJain had a better scene in corporate finance, with Mondelez, GE, and Vodafone all offering corp fin. In Corporate Banking/Treasury, the number of companies visiting both is equal, with Citi, Yes Bank, ICICI, Axis, IDFC, IndusInd, and others visiting both. JM Financials and Standard Chartered are two brands that do not hire from K for corp banking. For the first time, Deutsche Bank has hired exclusively from K for their corporate banking role, rather than from SP Jain.
IIM K has provided a variety of finance roles, including middle and front-office investment banking, wealth management, corporate banking, and treasury roles, whereas investment banking and wealth management roles are almost nonexistent in SP Jain. They have a higher proportion of corporate finance positions available.
Going forward, with the expected growth and increasing alumni base, IIM K should be clearly a preferred choice over SP Jain for students aspiring to finance and consulting roles.
XLRI or SPJIMR? Where should I go?
If you aren’t sure about the field of specialization, then you should choose XLRI. It is widely reputed for its HR program. The head HR of most of the top MNCs in India are XLRI alumni. It is more reputed and has a large alumni base. XLRI placements are better than SPJIMR. The average CTC for the institute is INR 30.73 LPA.
SPJIMR has a better placement record for Information Management and Operations, compared to XLRI.
What will a graduate of SPJIMR/IIM-K/MDI miss out compared to someone graduating from IIM’s A/B/C?
This question can be best answered by someone who has had a taste of both campuses. Fortunately one of my friends was lucky enough to move to IIM Ahmedabad after studying for a year at IIM Kozhikode. He shared his experience and the various things that contrasted in both the B Schools.
Faculty: Being the topmost B School, IIM Ahmedabad does attract some of the best faculties that are experts in their fields. They had too much knowledge and experience to impart making the classes a thrilling experience.
Crowd: While the crowd at almost all the good B Schools attracts only the best, IIM Ahmedabad is famous for its exceptionally good peer groups with only geniuses and masterminds in their respective fields.
Academic rigor: Normally B Schools offer a very hectic life with academic pressure combined with placements and clubs and committee activities. But at IIM Ahmedabad the topmost preference is Academics only. You are required to attend 3 lectures of 75 minutes of case study daily. These case studies are extremely lengthy and on average you are required to read 300 pages every day. Such economic rigor is lacking in the case of IIM Kozhikode.
There are several more minor differences between IIM Kozhikode and IIM Ahmedabad but these 3 are the main things an aspirant needs to consider while choosing one of the two B Schools.
Is a 4-year tri city BBA course of SPJ better than a 5-year IPM at IIM Indore?
IPM does not offer a BBA degree but you will receive a BA degree for your undergrad coursework (Foundations in Management). The subjects taught at the undergraduate level are vastly different from those taught in any other BBA program. Any decision based on an assumption about the IPM curriculum can land you in big trouble.
Returning to the question, I'm not familiar with the specifics of the four-year Tri-City programme, but I'm sure it entails a lot of learning from an institute like SPJ.
- Having said that, IPM and the aforementioned course can be compared on the same scale.
- Two degrees from IIM Indore (one of which is the regular MBA that other PGP participants are entitled to) is an incredible value that cannot be matched by any other BBA programme in the country.
- Other benefits include the environment and opportunities that come with being a student at an IIM.
Comparisons can be made when other IIMs launch courses similar to IPM, which does not appear to be happening anytime soon. Until then, IPM would be a clear winner in terms of undergrad management education.
How much do the top B-schools like the IIMs FMS, MDI, XLRI, SP JAIN, JBIMS, IIFT, and NITIE inflate their placement reports?
In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.
CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.
Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:
- Amazon:
Fixed component: 9 lakhs
Year 1 end retention bonus: 2 lakhs
Year 2 end retention bonus: 1.5 lakhs
ESOP: 5 lakhs to be paid over 3 years
Performance bonus: separate/not reported CTC: 17.5 lakhs
Take-home salary: 65-70k
- Goldman Sachs:
Fixed component + Variable component: 14.5 lakhs
Relocation: 2,00,000 INR (one-time payment)
Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)
CTC: 20 lakhs
Take-home salary: 95-98k
- RBS India Development Center (Royal Bank of Scotland back-end):
Fixed component: 9 lakhs
Variable component: 10-20% of a fixed component
CTC: 10.8 lakhs
Take-home salary: 65-68k
As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.
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