Get Answers on Test Preparation, Admissions & Campus Life
Study Abroad Countries
How is the daily life of a first year MMS student at JBIMS?
A first-year MMS student at JBIMS is jolted out of his comfort zone and thrown into a plethora of assignments, projects, knowledge sessions, virtually extempore presentations, quizzes, etc. You will experience a roller coaster of emotions and events and it can take a toll on you at least in the initial months.
The tight deadlines and sleep sacrifice will pave your way through the 2 years. You need to have tons of self-belief and perseverance that you are definitely going to make it through. This will in fact make your experience a thrilling one.
Looking around the campus you will find a highly energetic group of students always discussing an impending crisis. Students will always be seen carrying newspapers or magazines inside the campus.
As time goes by you adapt yourself to the tight deadlines and rigorous environment such that submitting assignments becomes a normal task and is thought to be accomplished in 2 days and preparing for presentations takes just a single night.
You can escape the stress and rigid campus life by taking part only in the compulsory events but that won’t help you to make the most out of your college life. Additional events like -
- Guest lectures maximizing corporate exposure
- Experienced in-house and visiting faculty
- Illustrious alumni base ever-ready to be the guiding lamp to the students
- Student-driven committees undertaking various activities lending some worthwhile hands-on experience in management
- Annual festival Prayaag
- Research presentation event Strategym
- Opportunities to participate in intercollegiate fests
All these opportunities in addition to the mandatory academics will help you maximize your experience at JBIM
I have a convert from MDI Guragon and will most probably convert JBIMS Mumbai as well. What business school should i choose? Why?
Of the 2 options, I will recommend you to go for JBIMS Mumbai. I have various reasons to support my opinion. The most important ones have been listed below
Quality of education: Owing to its location, JBIMS attracts many eminent faculty from the industry to the campus apart from the general guest lectures. Some of these big names include
- Prof. Moradian: Esse Group - Boman Moradian
- Prof. Shivanand & Kedar Mankekar
- Prof. Sandeep Gokhale: Appointed at JSW Aluminium
- Prof. Ghadiyar: Nitin Ghadiyar: Executive Profile & Biography
Placements: The quality of placements at JBIMS is excellent with many big firms visiting the campus. Some of the big names in respective domains are
- Finance: Citi, Stan C, HSBC, JPMC, all Indian banks, IB roles
- Marketing: HUL, P&G, PepsiCo, Marico, ColPal, Dabur, HCCB
- Consulting: Mckinsey, BCG, EnY, Cognizant Business Consulting, Infosys Consulting
Industrial Touch: With its splendid location, JBIMS enjoys strong interference with industries. These industries give live projects to the students that provide top-notch learning opportunities. The campus is within walking distance from big shots like HDFC, HUL office, ICICI, BCG, and McKinsey.
Competitions: The students at JBIMS have made their names by participating in National Competitions like HUL LIME, P&G Dream Team, JP Morgan - The Deal, Nomura Investment Banking Case Study Contest, and PepsiCo BIAC.
Alumni base: JBIMS has an elaborate alumni base and has been nicknamed the CEO factory owing to the huge number of CEOs it has given birth to. Some of the most famous ones are
- Noshir Kaka - MD, Mckinsey India
- Nitin Paranjpe - Former CEO HUL, now, Global role, Unilever
- Kainaz Gazder - Former Marketing Director, now, Global role P&G China
- Vinita Bali - Leadership Role at Britannia
- Mani Ratnam - Acclaimed Film-maker
- Sam Balsara - Madison Communication
- Chanda Kocchar - MD, ICICI Bank
- Ajay Piramal - Piramal Healthcare
- Paresh Sukhtankar, MD, HDFC Bank
- Sanjay Lalbhai, Chairman & MD of Arvind Ltd.
JBIMS is in the vicinity of Marine drive and other places of socialization. The hostel is just five minutes away. Overall the campus and the institute, in general, seem promising and you won’t regret your decision of joining it.
Is it okay to leave JBIMS for IIM Trichy as it has an IIM tag and the companies prefer IIMs more?
There are nine reasons for choosing JB over Trichy. Firstly, JBIMS has a stronger alumni base, with many successful CEO's having graduated from the institute. Secondly, JB has a better reputation in the industry. Thirdly, JB ranks in the top 10 colleges, while Trichy is far behind. Fourthly, the average salary offered at JB (INR 27.63 LPA) is higher than that offered at Trichy (INR 17.01 LPA). Fifthly, JB offers better roles and opportunities. Sixthly, the location of JB (Mumbai) is a major advantage over Trichy. Seventhly, the IIM tag carries more weight when one graduates from BLACKI compared to a newer institute like Trichy. Eighthly, the return on investment for JBIMS is higher than that for Trichy. Finally, the cutoff for general category applicants at JBIMS is 99.93%tile+ in the CET, while the cutoff for Trichy is 93%tile+ in the CAT.
This demonstrates the higher level of competition at JB compared to Trichy.
Is an MBA from JBIMS better than SP Jain from a placement point of view?
From the point of view of batch strength, JBIMS has a smaller batch size of 120 students, while SP Jain has a larger batch size of 300 students. The list of companies visiting both campuses is similar, but due to the smaller batch size at JBIMS, the options available per student are higher, resulting in better placement opportunities.
In terms of cost, JBIMS has a lower fee structure of approximately 1 lakh per year, while the fees at SP Jain can reach 10 lakhs per year when including all expenses. This results in a higher return on investment for JBIMS.
In terms of the quality of education, both colleges are equally good, but it is important not to only consider the quality of education when making a decision. Networking opportunities should also be taken into consideration, and JBIMS offers strong networking opportunities due to its strong alumni base.
In conclusion, both colleges offer great placement opportunities and it is up to personal preference and individual circumstances to determine the best option.
JBIMS saw a significant increase in average salary in 2022, rising over 20% to INR 27.63 LPA. The median CTC was INR 26.48 LPA, and the highest salary offered was INR 42 LPA. Consulting firms were a major presence during the placement drive, with companies such as Deloitte, EY, PwC, Accenture, Infosys, and KPMG among the top recruiters.
During the SPJIMR Placements 2022 Report, 75 recruiters visited the campus, with top companies including Accenture, Aditya Birla Capital, Amazon, and American Express. PGDM students received 123 PPOs/PPIs, with the highest salary offered at INR 53.16 LPA and an average salary of INR 32.06 LPA.
Which is a better option? XLRI or JBIMS in all terms?
It’s difficult to determine which institute is better as the courses are not mentioned for the given college. However, given below are information about the colleges in all terms, which may help you make the decision.
XLRI, Jamshedpur:
The college was ranked 1st by the outlook in private colleges for the year 2020. It is a top-notch private college that offers 32 courses across five streams.
Courses offered:
The main course (called the flagship course) that is offered by the college is a two-year PG program in business management and HRM.
Admissions:
To get into this college for PGDM programs, the college accepts XAT and GMAT marks. The end of the selection round consists of group discussion and personal interview.
Faculty:
The professors who are present in the college are well versed in their area of specialization and have Ph.D. degrees.
Placements:
-
100% placement was recorded in the year 2020 for the PGDM course.
-
The highest salary went up to Rs 50 LPA and the lowest salary was Rs 21 LPA.
Jamnalal Bajaj Institute of Management Studies (JBIMS):
The college is ranked as 24th for MBA by outlook in the year 2020. The college was one of the earliest business schools in India.
Courses offered:
Under the MMS program, there are various courses that are offered which include; finance, marketing, operations, HR, and systems.
Admissions:
-
To get admissions one should have a UG degree from any recognized university.
-
Candidates who give the paper for CAT and CMAT can also apply for the college.
Faculty:
The faculty of the college is well experienced and well versed in the subjects that they teach.
Placements:
For the academic year 2019, the placement for JBIMS, Mumbai saw significant growth from last year.
-
The highest salary went up to 32.30 LPA, an 8% increase from the previous year.
-
The median salary stood up to 20 LPA, an 18% increase from the previous year.
-
The top companies include J.P. Morgan Chase & Co., McKinsey & Company, Hindustan Unilever, the Boston Consulting Group, and Goldman Sachs.
Therefore, apart from the placements, both these colleges are more or less similar. But if one has to choose a college, they can look at the information given above.
How difficult is it to get into JBIMS, Mumbai considering the fact that the candidate is not a resident of Mumbai?
As long as you are a Maharashtra resident, getting admission to JBIMS is not that difficult. Out of 120 seats, 102 seats are allotted to Maharashtrian candidates and the additional caste card will further increase your chances. Other than Maharashtra you will have to target 99.99. To ensure a good CET score
- Prepare well for CET and strengthen your basics
- Attempt a lot of mocks
- Pay more attention to logical reasonings
- In the quant section focus on m DI and DS the most
- Practice visual reasoning thoroughly
- Improve your speed and efficiency
If by the difficulty you mean the probability of getting into JBIMS then here it is. Out of 100k candidates, only 120 are selected. For some, this may be a discouraging factor but if you look on the bright side, being along the 120 will guarantee a bright future.
Is the difference between JBIMS and Sydenham that much?
There is a difference between JBIMS and Sydenham, and it is important to understand it from different viewpoints.
Regarding student admission, the process is the same every year. If someone scores 99.9 or above, they will be admitted to JBIMS, while someone with a score of 99.8 will be admitted to Sydenham. The difference between 99.8 and 99.9 in terms of ability and aptitude is negligible, with only a few more questions answered correctly on a particular day making the difference. Thus, the difference between the top students of JBIMS and the top students of Sydenham is barely perceptible.
JBIMS has been consistently ranked among the top institutions for a long time and is likely to maintain this position. It is not likely that Sydenham will surpass JBIMS in the rankings. If JBIMS leaves the CET centralized process, Sydenham will become the top institute purely through CET.
There is a difference in the environment between the two institutions. JBIMS stands out from other MMS-offering institutes due to the work its alumni have done in the industry and the fact that some of its professors only teach at JBIMS. This may be the reason why 4-5 students from SIMSREE take the CET again each year to try for admission to JBIMS.
It is important to consider whether the tag of the institution will define you. The tag of the institution only matters for a few years, providing a head-start, but it is what you do with it in the entire career that depends on you. It is recommended to identify yourself within two years and strive to be better than the crowd, academically and in terms of internships and certifications.
If there is even 1% doubt that you cannot make it in the next admission attempt, it is advisable to evaluate your current situation, your goals, and how JBIMS or Sydenham fits into your plan.
Why is JBIMS so reputed?
- Location: JBIMS is located in the heart of Mumbai, which is home to many financial company headquarters. The Western region of the country has become a B-school hub and besides JB, there are many top B-schools such as NMIMS, KJ Somaiya, and Symbiosis. Furthermore, Mumbai is the financial, commercial, and entertainment capital of India and JB's proximity to the commercial hub of India (Nariman Point) provides an added advantage.
- Ranking: JBIMS has been ranked 10th by the IIRF 2023 in the Management Category. Additionally, the Institute has been ranked 10th among the Top Public MBA Institutions in India by Outlook 2022. JBIMS has also received the 10th rank among the top 10 Institutes of India for MBA by the Week in 2019.
- Seats Allocation/Intake: JBIMS has an intake of only 120 students in a batch, whereas other B-schools admit nearly 400 students.
- Fees: JBIMS offers its program at an approximate cost of 6 lakhs, while other B-schools offer programs costing nearly 15-16 lakhs.
- Alumni Base: JBIMS has a strong alumni base and is known as the "Factory of CEOs." Notable alumni include Chanda Kochhar (MD & CEO of ICICI bank), Mani Ratnam (filmmaker), Vinita Bali (MD of Britannia), Uday Kotak (Chairman & MD Kotak Mahindra Bank), and Siddharth Roy Kapur (CEO of UTV Motion Pictures).
- Placements: Due to its small size, JBIMS has a record of 100% placement every year and boasts an average salary of 18.76 lakhs per annum.
What is the best preparation strategy for the JBIMS MSc finance interview?
If you have a non-finance background, it is recommended that you begin your preparation for the JBIMS MSc finance interview at least 4-5 months prior to your interview for the MSc Finance course. You must be sure about your interest in finance, as M.Sc Finance is a very core course. If you have a finance background, you are expected to have a deeper understanding of the points mentioned below. Along with knowing the "whats", you must also know the "whys". In terms of preparation, it is important for you to:
- Be well-informed about the current market scenario and keep track of SENSEX, NIFTY, gold pricing, INR/USD, and oil pricing.
- Have a good understanding of the current Indian economy, including its GDP, inflation, and the factors that impact it.
- Stay updated with the RBI rates, including Repo, Reverse Repo, CRR, and SLR, and know their meanings.
- Be aware of the current global scenario, such as Demonetisation, BREXIT, and Trump.
- Consider the question "Why MSc Finance?" as the first and foremost point of focus in your preparation, even if you have a good academic background. You may still be asked why you chose MSc in Finance over an MBA or PGDM.
- If you have work experience, you must be familiar with your work and its impact on business.
By being thorough with all of these above-mentioned points, you will be well-prepared for the MSc Finance interview.
How is JBIMS compared to IIM L, K?
It is advised not to consider the new IIMs in the same league as L, K, and JBIMS. Among L, K, and JBIMS, IIM Lucknow should be placed first. Despite JBIMS being older than IIM Lucknow, IIM Lucknow boasts greater diversity and a more established brand.
In terms of personal preferences, both IIM Kozhikode and JBIMS have their own strengths and weaknesses. When it comes to placement, alumni base, and return on investment, JBIMS has the upper hand.
However, the campus of IIM Kozhikode is unmatched and offers an unrivaled business school experience that is not present in JBIMS. Some might argue that the IIM brand is stronger than that of JBIMS, but IIM Kozhikode, as a 25-year-old institution, has created its own brand reputation, while JBIMS, a 65-year-old institution, is highly respected in the corporate world.
It is also worth mentioning that the median placement of JBIMS has exceeded 22 lakhs this year, while that of IIM Kozhikode is around 20 lakhs. While it is known that some students have left IIM Kozhikode and IIM Lucknow to attend JBIMS, it is also likely that the reverse has occurred.
In conclusion, the suggested order would be IIM Lucknow > JBIMS > IIM Kozhikode.
SUBSCRIBE TO OUR NEWS LETTER
