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What is the actual package received by MBA HR students at NMIMS Mumbai? Are the packages mentioned really inflated?
The average salaries of the Flagship MBA and MBA (Human Resource) programs are 26.63 Lakhs and 19.56 Lakhs, respectively in 2022- 2023 as per the placement reports on their website.
It is crucial to remember that the compensation packages described in placement reports are typically accurate. These numbers represent the actual salaries that recruiters offered to students. It's crucial to recognise that these numbers represent the pay packages given to a particular group of students who excelled academically and during the hiring process.
The compensation packages for pupils who didn't perform as well may differ. Additionally, the compensation packages may differ based on the sector, nature of the position, and location.
Is MBA in HRM a good option in terms of academics and placements from the new IIMS? I have heard that only IIM Ranchi is good for HRM.
Many of the old and new IIMs do not place as much emphasis on HR jobs or electives as XLRI and TISS. If you took a few HR electives and graduated from an old IIM, you may still be able to secure a decent HR job. However, attending XLRI or TISS would likely be a more practical choice for someone interested in a career in HR. New IIMs, including IIM Ranchi and IIM Indore, which now offer PGP HRM programs, tend to have fewer top general management or consulting roles available and almost no great HR roles.
An MBA in HRM is generally considered most useful from XLRI, TISS, SCMHRD, XIMB, and MDI. If you are considering an MBA in HR from IIM Raipur, Udaipur, Sambalpur, Jammu, Nagpur, Bodh Gaya, Trichy, or Vizag, it may not be the best decision.
How good is SIBM, Bangalore for an HR program?
Symbiosis Institute of Business Management, Bangalore, or SIBM Bangalore provides a rigorous 2-year long MBA program in HR. Given below are a few highlights of the HR specialization.
Course Structure:
- The first semester consists of an introduction to subjects like Economics, Accounting, Statistics, Strategy, Marketing, Operations, Organizational Behaviour, Finance, HR, and others.
- Students can choose the HR specialization in their second year.
- First-year students can take part in the Summer Internship Programme (SIP).
Pedagogy:
The institute follows an innovative teaching pedagogy that includes the use of Harvard cases and simulations, industrial visits, use of technology for teaching and learning using OLT (Online Learning and Teaching) software, use of technology for evaluation through Moodle LMS (Learning Management System).
Placements:
The placement statistics of recent years show that there has been an increased interest of recruiters in the area of talent acquisition, organization transformation, learning and development, training management, and compensations & benefits.
- The top recruiting companies for the HR specialization are Accenture, Credit Suisse, Dell Technologies, Deloitte, ITC, JP Morgan, KPMG, Honeywell, Reckitt Benckiser, HCL, etc.
- The average and highest CTC offered are respectively 28 LPA and 9 LPA.
How good in MBA in HRM in IIM when compared with XLRI?
Getting to know from friends studying at these colleges. It is important for you to note that all of the IIMs do not offer a specialized program in Human Resource Management. Only IIM Ranchi and IIM Indore offer a dedicated program in the field of HRM. Here are some of the facts you must keep in mind before making any decision.
Make an informed decision
- MBA in HR is way different than MBA in any other stream.
- MBA is all about being analytical and calculative.
- But if you choose to pursue HRM, you should be able to focus on human interactions and relationships.
Brand name
- You may feel that some great B-schools in India such as XLRI, MDI, and TISS are as old as the IIMs and possess the same brand value.
- If you do not get a seat in an old IIM or are not obsessed with an IIM tag then mentioned colleges will be good for you.
- They are equally good as the IIMs.
Faculty Team
- IIMs are known for some of the finest professors in all of their specializations.
- As the number of students in HRM is less, this also affects the number of faculty in that department.
- XLRI has some great professors in HRM.
Peer group
- Most of the learning outside the classroom comes from one’s friend circle.
- Your fellow students in IIMs incline towards specializations such as Finance, Marketing, Operations, or IT.
- Very few students opt for HRM.
- Therefore, it will be a better learning environment where most people are interested in the same topic.
The conclusion is, if you are interested and inclined towards HRM then they should opt for XLRI, and if there is uncertainty in choice, then go for IIMs.
Which college is better for HR, XIMB-HR or IIT KGP MHRM?
Without any second thoughts, XIMB HR is one of the best courses for HRM in the country. Its curriculum is highly rated and industry relevant. Many top companies have offered leading roles over the last few years.
Its legacy of 29 years has given birth to an elaborate alumni base which is another aspect of its excellence. Anyone interested in HR Management should definitely take this course.
Which is best for MBA HR: SIBM Pune or NMIMS Mumbai or SCMHRD?
The colleges that you have mentioned are quite old and reputed, leaving behind a history of a great placement record and a bright future.
Human Resources has become a promising field in today’s time. A good HR assures that the aspects of the business they work for proves to be fulfilled along with allowing the employees their own space wherein they give importance to the clients.
Based on certain parameters, allow me to compare all the three institutes so that it gets convenient to choose the B-School of your choice.
| Categories | SIBM Pune | NMIMS Mumbai | SCMHRD |
| Course Fee | 17.26 lakh | 6.04 lakh | 11.94 lakh |
| Highest CTC | 35 LPA | 16 LPA | 18-21 LPA |
| Average CTC | 18 LPA | 8 LPA | 10 LPA |
| Recruiting Companies | Crisil, HSBC, etc. | Berger, ITC, etc. | Mindtree, ICICI Bank, etc. |
My suggestion would be to consider NMAT and even SNAP so that you get a better view to choose from. Some promising prospects are indeed offered by NMIMS and SIBM-P, but I believe you should go for that particular institute which is reputed for its HR department.
How good is IIM Trichy HR? What's the placement status?
The IIM Trichy HR program is a relatively new program that started in 2020. Owing to its lack of credibility not many go for this course.
The table below compares the Placement Statistics of the regular PGP and PGP-HR programs at IIM Trichy.
|
Particulars |
PGPM - HR |
PGPM |
|
Highest CTC |
INR 17.6 LPA |
INR 34 LPA |
|
Average CTC |
INR 13.3 LPA |
INR 17.01 LPA |
|
Median CTC |
INR 14 LPA |
INR 16 LPA |
|
Average CTC of Top 25% Students |
INR 15.6 LPA |
Average CTC of Top 25% Students |
|
Top Recruiters |
Ashok Leyland, Hyundai, Wipro |
Amazon, Dell, Nomura |
From the table we can infer that the highest CTC of the HR program is nearly half of that of the regular program. This clearly speaks about its placement opportunities. So I will suggest you go for HR only if you are really interested in it, else go for a regular PGPM.
What should be the preference order of IMI Delhi courses - PGDM, PGDM-HRM, and PGDM-BFS?
IMI Delhi is among the top B schools of Delhi NCR. It holds a distinct reputation for the establishment of centers of excellence in different streams of management. The faculty is experienced and well qualified. Pre-placement offers are also a dominant feature of the institute. Apart from placements it has attractive internship statistics also relating to better career growth.
It offers streams in three major areas which are General, Human resources, and Banking & Financial Services. All these streams are linked to a single program which is PGDM but the decision underlining preference depends on factors like fees and placements, etc which are discussed below.
Academics:
-
The eligibility stays the same for all streams which are graduation with CAT/GMAT Score.
-
Fees also stand common for all streams at INR 17.5 Lakhs.
Placements:
-
PGDM holds a batch strength of 224 students and generally ends up providing the highest package of INR 22 LPA.
-
The average package is also quite decent with a range of INR 13.07 LPA
-
PGDM HR has 45 students and managed to provide a salary range of INR 12 – 14.5 LPA.
-
PGDM had 48 students with a 100% placement criterion and the highest package of INR 20.75 LPA and an average of INR 12.88 LPA.
Sector-wise Placements:
The recruitment details can clearly specify the sector & domain which turns out to be favorable with respect to the investment made. The details are as follows.
-
PGDM Banking is a preferable sector as it attracts 29% of the placements.
-
HR is looked upon for the IT/ITES / Media / TELECOM sector.
-
The top recruiters for the BFSI sector are American Express, ICICI Bank, HDFC Bank, Tata Capital, and SBI Capital
-
The top recruiters for the HR sector are Accenture, Infosys, Genpact, Capgemini.
-
Going for PGDM General can give an opportunity to focus on manufacturing / real estate and the FMCG sector.
The general preference of courses looked upon by potential students and alumni are PGDM Marketing then Banking and at last Human Resources.
How different are the career paths of individuals who pursue their MBA in HR from XIMB/SIBM/SCMHRD as compared to those from XLRI/TISS/MDI?
The answer can be divided into two main parts: Curriculum and Placements.
In terms of Curriculum, TISS is rated as having the best. Colleges whose core degree is not HR will be at a disadvantage when it comes to curriculum.
In terms of Placements, XLRI is ranked as having the best package and profile offerings, followed by a tie between TISS and SCMHRD. The colleges whose core is not HR will not offer as good a package post-MBA as compared to the colleges with core HR competencies.
In terms of packages offered, XLRI can be ranked the highest, followed by SCMHRD and TISS in a tie, and then MDI, SIBM, and XIMB.
Which is better for an MBA, HRM, XIMB HRM, or IMI HRM for a Delhi domicile?
XIMB Used to offer an HRM specialization under its PGDM program. Now, it’s offered by the Xavier School of Human Resources (XAHR). And it is the best option among these. This HRM program has over 30 years of legacy and ranks among the top 5 human resources programs in the country.
XAHR has an excellent faculty. The learning resources offered and the rich lineage of the institute will help a lot in shaping your career. XAHR placements show the salary packages stay in the range of INR 8.5 LPA - INR 22.47 LPA.
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