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Which is best -MBA in finance from ISB Hyderabad or top IIMS A/B/C?
ISB Hyderabad is known for its lack of specialization in Finance. It’s a common understanding now that even if one is preferring ISB Hyderabad for admission, they know that they should go for anything but Finance. Studying some aspects will give you a deeper insight as to why MBA in Finance from ISB Hyderabad is not recommended.
Faculty: Although the visiting faculty is quite decent, it’s the domestic faculty that has ruined the culture at ISB. They are arrogant, pathetic, and extremely incapable. They insult the students regularly and disturb student-teacher relations.
Placements: The roles offered in Finance were below average like Operations, Sales, and BD roles. Such roles were offered in abundance by the banks or start-ups. However, the superior roles like IB/PE/VC/M&A/FP&A/Equity Research/Credit Rating/Asset Management/TAS were offered scarcely. For instance
- only 10 FP and A roles were allotted that too only to CAs
- Only one Investment banking role was offered by Barclays
- Only 5 PE/bc roles were offered and there was a strong preference for a prior IB/PE/VC experience and IIT undergraduate background.
- One M and A role was offered only
- 4 Asset Management and zero Equity Research and Credit Rating roles were offered.
So the best roles were offered limitedly while the batch size stood at 900. Most students ended up with unsatisfactory placements. Now you can decide whether or not to join if you are confident to face the placement scenario.
Which college would you go for if you were interested in an MBA in finance among new IIMs, IIM-S, XIMB, IMT-G, IIT-M, IMI and TAPMI?
Almost all of the colleges listed here are in the top 20 list of MBA colleges in India for Finance. Among the new IIMs, the ones good for Finance are IIM Ranchi, IIM Rohtak, IIM Raipur, IIM Udaipur, and IIM Kashipur.
The table below draws a comparison of the MBA programs offered by the institutes.
|
Institute |
Fees |
Average CTC |
|
New IIMs |
IIM Ranchi- 17.5 Lakh |
IIM Ranchi- 18.37 LPA |
|
IIM Rohtak- 17.6 Lakh |
IIM Rohtak- 19.27 LPA |
|
|
IIM Raipur- 16.1 Lakh |
IIM Raipur- 19.7 LPA |
|
|
IIM Udaipur- 19 Lakh |
IIM Udaipur- 20.3 LPA |
|
|
IIM Kashipur- 17.3 Lakh |
IIM Kashipur- 18.10 LPA |
|
|
IIM Shillong |
22.71 Lakh |
26.1 LPA |
|
XIMB |
21.3 lakh |
15.12 LPA |
|
IMT Ghaziabad |
21.5 lakhs |
16.56 LPA |
|
IIT Madras |
10.9 lakhs |
16.93 LPA |
|
IMI Delhi |
22.25 LPA |
17.20 LPA |
|
TAPMI |
19.45 LPA |
13.84 LPA |
Top recruiters at these institutes include Tata Steel, Cognizant, Capgemini, Accenture, Apollo Munich, Godrej, Emami, Nestle, Titan, Maruti Suzuki, PCBL, HDFC Bank, Mu Sigma, Larsen & Toubro, GMR, Tata Steel, Godrej & Boyce, and Vedanta and many more.
All of the mentioned institutes are good for MBA in Finance. However I would recommend IIT Madras as it has the lowest fees and a good average package.
How good is NL Dalmia for MBA in finance? My other options are SIES (MMS) & Welingkar (PGDM). Any help will be appreciated?
Before joining any college it's better to perform some research on it. The foremost thing is you need to know all the placement details from alumni or the students who are currently studying in that college. Don’t choose a college based only on their advertisement.
Dalmia NL, SIES (MMS), and Welingker(PGDM) all these colleges are well-reputed institutions in Mumbai for management studies. I have friends pursuing their studies at these colleges. Based on what I heard, I will say N L Dalmia is the best college among these three. It has better placement records, ranking, and reputation.
- For Finance specialization, N L Dalmia has a limited student intake, i.e. 60 seats.
- Additionally, the institute has Mumbai's first Bloomberg Finance Lab.
- It has a placement average of 100%. The average package for placement in the finance stream is around 6.5 lacs, while the highest package offered is above 13 lacs.
So, N L Dalmia is definitely a better choice. But before making a decision, do your own research first.
What is the cutoff of NL Dalmia for a PGDM in finance?
NL Dalmia does not follow the exact cutoff criteria. The cutoff ranges from 92 to 95% for the general category. The admission process is based on your score in the entrance examination and the interview conducted by the institute. This institute accepts various entrance examinations like XAT, CAT, CMAT, ATMA, etc. for a PGDM program.
How suitable is Great Lakes, Gurgaon for an MBA in Finance?
I have a friend who is also an MBA Finance enthusiast. He was shortlisted for Great Lakes, Gurgaon- specifically for Finance. My answer would be more conversational and definitely does not intend to be any sort of advice as eventually, it is your call.
For studies, Great Lakes is a good choice to opt for. But here, what happens to be even more prioritized is the job profile of working under Finance.
The industry of Finance specifically has a range of 10% of jobs to offer along with 50% reserved for marketing and for operations, which is 30%. Last year, 21% of the recruiters were from BFSI out of only a small range of 10% were provided a job in Finance. Others are compelled to opt for sales. Many students end up opting for it as MBA Finance leaves them indebted and they are in dire need of a job to pay off the loan.
If you have enough confidence, do go for it. But then, if you consider yourself to be and stay your average self, there is something you need to work on.
What should be preference order of IMT Ghaziabad courses- PGDM, PGDM marketing, PGDM finance, PGDM DCP, PGDM banking, insurance and financial services?
IMT Ghaziabad offers a variety of courses that cater to various specializations. These courses have been listed and explained in their order of preference
- PGDM Marketing/PGDM Full Time (Marketing): This is the most coveted program among IMT students mainly because today its alumni have acquired top positions in big firms. Other major reasons include top-notch faculty, great internship and placement opportunities in terms of role and CTC, IMT’s eligibility, and excellent performances in recognized marketing and strategy B Schools competitions.
- PGDM Finance/PGDM Full Time (Finance): This one is most suitable for aspirants who are interested in Finance. However, this program offers lesser opportunities than the Marketing program in terms of role and CTC.
- PGDM Full Time (Operations): This program offers opportunities similar to that of Finance. But the batch size of PGDM Operations is smaller than PGDM Finance, so it may be easier to secure an internship/final placement, but the opportunities come less compared to Finance.
- PGDM DCP: DCP or the Dual Country Program is for those who are keen to get international exposure. Compared to an MBA from a foreign university, this program is cheaper and yet offers an opportunity to explore a different culture and learn to make decisions in an international context. This is best suitable for those who are in the Marketing domain.
- PGDM Banking and Financial Services (PGDM-BFS): This program was launched in 2019 and is relatively newer. It targets the core Banking and Finance sector. While the MBA program aims to provide a holistic view of management, this program solely focuses on Banking and Finance.
- PGDM Full Time (HR): This is the least taken course and offers very less in terms of opportunities.
The courses have been arranged preference-wise so will make it easy for you to choose one.
How good is finance in IMT Ghaziabad? What are the placement opportunities? How is it compared to PGDM general?
IMT Ghaziabad is called the Mecca for Marketing. It’s well known for its specialization in Marketing, Sales, and Business Development based roles. I don't think it offers similar opportunities for finance as well. The placements are pretty good but getting internship offers is difficult for someone who is switching careers from IT to Finance.
So if you really want to pursue a career in Finance after your MBA from IMT Ghaziabad, you can try CFA, and FRM and have some past background in Finance
What kind of interview questions can we expect from LBSIM for PGDM finance?
One of my friends applied for PGDM Finance at LBSIM last year and was shortlisted for the interview round. Here are the questions that he had to answer during his interview.
There was a year gap after his graduation, so they asked what he did in that time period. He explained that he was self-employed. After the brief introduction, the following questions were asked.
- How will you explain balance sheet to students?
- Tell us something about Gearing ratio.
- Share your views about direct and indirect expenses.
- Tell us about Lawrence Curve.
- Tell us about Debt equity ratio.
To his surprise, he wasn’t asked the general questions like Why MBA? Strength and weakness, etc. Overall his experience was good and he was able to convert the call.
How good is KJ Somaiya for MBA in Finance and International Business?
To begin with, there is no such thing as a "flagship" in college, so you may not have heard anything about going to KJ Somaiya for marketing or that it is best for HR or Finance. All programs, specialized or super-specialized, are treated equally, and top-tier faculty are available for all courses.
There is almost nothing significant on which any of the programs can be graded. It all comes down to personal preference. If you want to work in International Business (finance or marketing), go for it; if you want to learn everything there is to know about finance, financial services are the way to go. In any case, you won't be short on opportunities.
Which is better PGDM finance or PGDM (General) from LBSIM?
The ranking of LBSIM is not that great as it doesn't appear on the list of top 10 business management institutes of India. But if you want to do PGDM from this college, then go for PGDM finance as this domain comes in the list of the top 10 careers.
The future of PGDM finance is very good and if you had commerce during your graduation, then it will get very easy to understand the concepts and complete your syllabus, but if you aren't from a commerce background, then it can be difficult for you to cope up with the syllabus.
The placement opportunities of LBSIM are very good as the placement records are 100% and around 96 companies visit the campus for interviews.
Hence, PGDM finance from LBSIM will be a very good option as this course comes in the list of top 10 courses and the placement records are also very good for this course.
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