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How much percentile do I need to get a call from MDI Gurgaon, IMT Ghaziabad, IIM K, SP Jain, NITIE?
To secure admission to top MBA institutes in India, you should aim for CAT percentiles from 85 onwards. Here's the order of the institutes you should target in descending order - IIM K with 97+ percentile, MDI with 96+, IMT Ghaziabad with 90+, SPJain with 85+, and NITIE with as high as possible sectional-wise.
Even though SPJain is a premier institute, it gives a call from the 85 percentile onward, since they focus on overall values that an individual possesses and want students with more values in them. They have 2 group interviews, so they follow a rejection procedure.
NITIE has a sectional cutoff, so it's advisable to have as high as possible sectional-wise, as many people with an overall CAT percentile in the range of 97-98 were not selected in either of their 2 programs(PGDM and PGDIESM) in 2016.
IIM K also has a sectional cutoff of 90+, so it's important to score well in each section.
It's worth noting that these institutes do not have a sectional cutoff, but it's always advisable to have a 90+ sectional percentile to be on the safer side. Aim for high percentile and sectional scores to improve your chances of securing a seat in these prestigious institutes.
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.
Which one should I join NITIE PGDIM or IIM Shillong?
There are several factors to consider when deciding between NITIE and IIM Shillong. NITIE, established in 1963, has a larger pool of alumni and may offer networking opportunities that could be beneficial in the long run. It is also known as a mecca for operations, with all major firms hiring for operational roles. NITIE is located in Mumbai, which may be seen as a location advantage. On the other hand, IIM Shillong was established more recently in 2008 and has a smaller batch size. Its fees are also lower, at around 20 lakhs.
While it may not have the same reputation for PGDIM or operations as NITIE, top consulting firms have started to hire from IIM Shillong, offering options from a variety of domains. One potential advantage of IIM Shillong is its IIM tag, which may be attractive to some candidates. However, its location in Shillong may be seen as a disadvantage. Ultimately, candidates must weigh these factors carefully to make the best decision for their individual needs and goals.
Which is best among NITIE Mumbai, SIBM Pune, and IIM Rohtak for MBA?
In terms of placement, NITIE is the best followed by SIBM Pune, and finally IIM Rohtak. In terms of brand value, IIM Rohtak comes first, followed by NITIE and then SIBM.
Depending on whether you want the IIM tag, you should attend NITIE, SIBM Pune, or IIM Rohtak for Operations. NITIE has a firm grasp on operations and is well-known for it. Furthermore, the Mumbai location is advantageous. If you want to pursue a career in marketing, SIBM Pune should be your first choice.
IIM Rohtak will be considered after these two colleges because it is a relatively new brand that, like the other IIMs, will take time to establish itself.
Who are some of the famous alumni of NITIE Mumbai?
Here’s mentioning some of the famous alumni of NITIE Mumbai are:
- A.S. Viswanathan, (1978) : Chairman at Team ASV Consultants.
- Akhilesh Tuteja, (1998) : Global Head - Cyber Security Consulting, India Head - Digital Consulting (KPMG).
- Amitava Mondal, (1981) : Founder, Managing Partner & CEO at Envision Advisor LLP.
- Ananthram Kini, (1980) : Project Manager at Indian Institute of Technology, Bombay.
- Ashish Mendiratta, (1989) : Founder at SIMSA.
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