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Should I quit my job to pursue an MBA at IMT Ghaziabad?
One of my close friends was an MBA alumnus at IMT Ghaziabad and here’s what he had to say.
Yes, you have to quit the job if you want the course regularly.
However, for an executive MBA course, you do not have to quit your job. All you have to do is just find a study center nearby and apply for it. For the executive MBA course, you can attend the classes during the weekends. Also, make sure that you are available during the examination times.
And for the regular MBA course, you have to clear the CAT examination. You can find the admission criteria on the official website of IMT Ghaziabad. The selection process is similar to IIMs.
What would be better to do an MBA from SIOM Nashik or prepare for the SSC?
There’s no clear winner in this comparison. If you want a career in the corporate world, doing an MBA from SIOM Nashik is better. SIOM placements are good and it offers decent exposure to the industry. The 2022 campus placements of the institute had witnessed an average CTC of INR 12.38 LPA. The highest CTC offered was INR 24.13 LPA.
If you want a more stable and traditional Govt. job then SSC is the better option. The salary is decent.
How is the career growth after one year MBA from IIMs (Ahmedabad, Bangalore, Calcutta, Lucknow, Indore)?
IIMs are known for their top-quality management education and are premium institutes for the same. In addition to their flagship courses, the One Year MBA from IIMs for working professionals is offered as a Full Time Residential MBA Program for Executives. This program is much coveted among working professionals with work experience of 3 to 7 years. The program has similar USPs of two year MBA program except that it is more rigorous. Because of its dynamic nature, the placement opportunities offered to one-year MBA students are even better.
Here is a one-to-one analysis of each program.
IIM Ahmedabad PGPX:
The Post Graduate Programme in Management for Executives (PGPX) is one of the finest one-year, full-time, residential programs in the world. Its best-suited for bright, enthusiastic, and aspirational executives with professional experience. This program attracts top talents from diverse industries, cultures, and geographies.
IIM Bangalore EPGP:
IIM Bangalore offers an intensive one-year residential MBA programme created specifically for professionals with remarkable track records and 5 to 12 years of work experience in a wide range of industries.
IIM Calcutta MBA-Ex:
IIM Calcutta's MBA for Executives Programme (MBA Ex) is One Year Full-Time Residential MBA Programme that provides mid-career professionals the ideal platform to augment their existing skill sets and paves the way for senior and top management roles in the industry. MBA Ex at IIM Calcutta, since its inception in 2006, has spawned alumni who have demonstrated excellence in the leadership positions that they have occupied in their organizations.
IIM Indore EPGP:
IIM Indore EPGP is a reputed one-year MBA is specially designed to enhance knowledge, AMBA skills and capabilities essential for managing and leading organizations and the program combines skill building with an exploration of good management practices.
IIM Lucknow IPMX:
IIM Lucknow offers International Programme in Management for Executives (IPMX) at its NOIDA Campus to prepare working professionals for the top roles in business organizations.
All in all, each of the one-year MBAs offered by IIMs has a single purpose; to enable working professionals to climb the corporate ladder and receive better packages.
What is the current placement scenario of an MBA at Nirma University Ahmedabad? Is it worth joining considering ROI and other factors?
Many of my friends are alumni of the Institute of Management, Nirma University, and also many of them are studying at other reputed colleges such as IIMs, IIFT, NMIMS, SIBM, and the likes. So, I am quite aware of the placement situations at these B-schools.
Nirma has been faring better than their peers with many companies of repute lining up for campus placements. Well on a comparison basis, the academic curriculum is at par with the best B-schools in the country with very accomplished faculty taking courses at the Institute. Nirma also offers good infrastructure, campus, etc.
Now, coming to the most important factor, i.e. ROI, Nirma is definitely worth the investment that you make. And if you have decent academics and skills, you will get a good placement through the campus drive.
Here is a brief highlight of the recent placement statistics for Nirma.
|
Average CTC |
INR 9 LPA |
|
Highest CTC |
INR 12 LPA |
|
Placement Average |
100% |
|
Major recruiters |
Axis Bank, HDFC Bank, TCS |
If you’re above the 80–85 % category, Nirma will not disappoint you.
Is it worth joining IIM Sambalpur for a 2-year MBA with 5 years of work experience?
The decision on whether or not to take a break and join an IIM depends on your current situation. If you feel that you are at a point where you are no longer making progress in your current role or are at risk of becoming stagnant, it may be beneficial to take a break and pursue an IIM degree. As you are still young, you have a long and promising career ahead of you.
Having a degree from any one of the Indian Institutes of Management (IIMs) will open up a multitude of career opportunities and will be a valuable asset to you throughout your professional journey. An IIM degree is widely recognized as a premier business education and will give you the skills and knowledge to excel in a variety of roles and industries. Additionally, it will provide you with a network of accomplished professionals who will be valuable contacts throughout your career.
In NMIMS, which one is better: MBA or MBA (HR)?
NMIMS MBA core is better. The MBA core program will offer you a better faculty base and placement opportunities compared to the MBA HR specialization.
NMIMS Mumbai MBA core placements 2021 statistics report an average CTC of INR 18.45 LPA. The top 50 students of the branch have received an average CTC of INR 25 LPA. While the average CTC of the MBA HR branch stood around INR 15.09 LPA.
However, prioritize your interest more while choosing a branch.
Which one would be a better option: a job under SSC or MBA from SIBM Bangalore?
Staff Selection Commission (SSC) will land you in a government job. There are different departments in SSC where you can get placed. Whereas, MBA from SIBM Bangalore will weave you to be corporate ready and land you in a private white-collar job.
Choice
- If you want to be at a work-life equilibrium and a fixed-paying job, cracking the SSC exam makes sense. SSC provides you with job security.
- If you want to earn a lucrative package and are ready to have a hectic life with variable work hours, MBA is the best choice. SIBM Bangalore is the second well-known and high-rated campus of Symbiosis International University after SIBM Pune.
- SSC will cost you less, but competition is high due to the “Government job” tag.
|
Career |
Fee |
|
MBA from SIBM Bangalore |
INR 16.20 Lakhs |
|
SSC |
The application fee is less than INR 1000. Reserved candidates get exemption in this fee. The coaching fee will cost under INR 1 Lakh. |
If you have already cleared SSC Tier-1 and Tier-2 exams, leaving SSC will not be a wise choice. SSC is a preferable choice over MBA from SIBM Bangalore. The reason is, MBA from SIBM Bangalore does not have much credibility in the industry.
Is MBA waste of time?
Pursuing an MBA is certainly not a waste of time in fact it is considered as an investment due to the salary packages offered to MBA graduates by top companies early in their career. The average starting salary package of an MBA graduate ranges from 12-15 LPA and the highest being 20-40 LPA depending on the company and the position you are hired in.
Placement Scenario
An MBA degree takes precedence over any other postgraduate degree.
- MBA has a 100% placement record.
- The highest salary package offered is 20-40 LPA.
- The average salary package offered is 12-15 LPA.
- Top companies like Deloitte, Morgan Stanley, Nestle, Asian Paints, Saint Gobain, Wipro, Berger Paints, Phillips, McKinsey and Company, HSBC, Yes Bank, etc. hire MBA graduates.
Return on Investment (ROI)
MBA also being a costly course provides a good Return On Investment (ROI).
- The efficiency of an investment is determined by the measurement and comparison of the ROI.
- The MBA course graduates can get higher salary packages offered to them.
- They get a raise or hike in 10 years considering the long term salary projections.
- Students opting for an Executive MBA are working and are in the process of pursuing the degree, so the salary earned will also be included when calculating ROI, making it a profitable subject.
- The highest salary package offered to MBA graduates can rise from 48 LPA to 70 LPA in India.
Thus, pursuing MBA is not a waste of money or time if you invest your dedication in it well. To achieve something big one has to go through a number of steps before reaching their destination. In pursuing MBA also students have to be focussed and determined to complete their degree for better career prospects or opportunities. It helps one to learn how to organise themselves and synchronize it with the roles and responsibilities.
Is it preferable and possible to do a CFA along with an MBA in Finance if I take admission in IIM Bodh Gaya?
It is possible to pursue the Chartered Financial Analyst (CFA) certification in conjunction with an MBA degree from IIM Bodh Gaya, as well as other certifications such as Financial Risk Manager (FRM), Financial Modeling and Valuation Analyst (FMVA), Certified Business Continuity Analyst (CBCA), Certified Market Surveillance Analyst (CMSA), National Institute of Securities Markets (NISM), and National Stock Exchange's Certification in Financial Markets (NCFM).
Whether or not it is preferable to pursue the CFA certification alongside an MBA in Finance is a matter of personal preference. Like other IIMs, IIM Bodh Gaya has a rigorous curriculum and pedagogy. If you are able to make time outside of committee and club activities and studies and are willing to sacrifice some sleep, pursuing these certifications can greatly enhance your resume and increase your marketability in the job market. However, it is also a high-risk, high-reward decision. Even if you do not pursue these certifications, IIM Bodh Gaya will still provide you with attractive job offers if you put in the effort.
Which is better, bootcamp or an MBA from new IIM (Udaipur, Trichy) to switch to data analytics? I have a 3 years work experience as a QA engineer.
I will give you an insight into both the options you mentioned, i.eMBA from IIM or Bootcamp.
Bootcamp: If you are very passionate about Data Analytics then Bootcamp is the best option for you. I deem this course better than an MBA from B School as a B School covers various arenas of Management while Bootcamp solely focuses on what you are looking for. Moreover, you will end up paying hefty fees and will have to pay loans for years. It provided a detailed approach to Data Analytics and you don’t have to study irrelevant topics
B School: B schools like the new IIMs are good for people who are not certain of their career interests. In that case, B-school would teach you much more than Data Analytics, and then you can pursue the field you excel in or are most passionate about. The excellent pedagogy of IIMs enables you to inculcate skills like handling a project, building a workforce, execution, etc. Basically, you are groomed on an overall basis and get industry exposure as well.
I have seen many people pursuing MBA and also online courses that offer Certification in Data Analytics specifically. So that is also a viable option for you.
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