All the 3 colleges you mentioned admit students through the central admission process (CAP) rounds which are undertaken by the Directorate of Technical Education, Maharashtra (DTE).
The admission process through cap rounds is always based on merit. If there are seats vacant after the 3 cap rounds, then colleges may admit the students through the management quota.
Management quota is not applicable before the end of round 3.
The major drawback is that by the end of round 3, mostly all the seats of the reputed branches are taken. So I won’t recommend you wait till the end of 3rd round unless you are planning to pursue chemical or production engineering.
I will answer your question by estimating the salary you will earn after completing MBA and comparing it with the loan you have to pay.
Loan Amount - 15 Lakhs.
Interest rate - 12%
Repayment period - 5 years
EMI - 33,367
Total Interest Paid in 5 years - 502000
Tax Saved in 5 years (considering 20% tax slab) - 100400
Net amount to be paid in 5 years - 1500000+502000–100400 = 19,01,600
Average package in TAPMI - 10.06 LPA
Monthly salary in hand - Approx 65 to 70K
From the above calculation we can infer that you will have 30000-40000 salary in hand every month which is more than enough for you to settle in any state or city in India. So taking loans for an MBA is very beneficial as it will pay you back in the long run.
The placement in D.J. Sanghvi is decent with salary packages ranging from 3-12 Lakhs per annum. The points below give a brief overview of the run-through of the entire placement scenario in D.J. Sanghvi.
Overall, the placements can be considered to be really good in D.J. Sanghvi and so, taking up a job with a decent salary before a Masters's degree is quite satisfying.
A lot of students are generally concerned as to how to score the cut-off for K J Somaiya. The answer to this is very simple: to reach any cut-off list for any of the colleges, your score should be high.
The cut-offs for CAT, XAT, and NMAT for the year 2021 were as follows –
CAT | 83 percentile |
XAT | 70 percentile |
NMAT | 225 score |
If you want to prepare in a better manner, you can take some help and guidance from various preparation sites on the internet. There are plenty of them available like Gradeup, Handa ka Fanda, etc.
K J Somaiya Institute of Management and Goa Institute of Management are equal when compared with each other. Though there are certain things that differ between both like the fees which are cheaper in GIM than K J Somaiya. Being in Mumbai, K J Somaiya is observed by many companies due to its location. Frequent industry visits are conducted for the students of K J Somaiya. Also, students get internships from the various companies situated nearby.
Here the following table will show you the placement record of Goa Institute of Management and K J Somaiya Institute of Management.
Category |
K J Somaiya |
GIM |
Total Recruiters |
170+ |
69 |
Recruiters |
ITC, Airtel Amazon, Bisleri, Carrier, Croda, etc. |
Asian Paints, Reliance, PUMA, IBM, Reliance, Metro, etc. |
Average Package |
INR 10.5 LPA |
INR 11.72 LPA |
Highest Package |
INR 27.50 LPA |
INR 25.6 LPA |
Both the institutes have a good reputation and each year students take admission in these according to their choice and data available. However, K J Somaiya Institute of Management is better than the Goa Institute of Management. But it is also lacking in many points. Therefore, you can take admission to any of these institutes. But K J Somaiya Institute of Management is better in terms of placement and has the rest of the facilities.
K J Somaiya Institute of Management will accept qualifying exam scores for the following exams:
Tabulated below are K J Somaiya Institute of Management's previous year cut-offs -
Exam | Percentile/Score |
CAT | 83 percentile |
NMAT | 222 |
GMAT | 500 |
XAT | 70 percentile |
CMAT | 285 |
The cut-off depends on the pool of candidates that apply each year and may vary year on year basis.
There is no better college of the two because both are equally good in terms of placements and faculty. Both have their pros and cons. But here I will just cite some pros of both colleges that might help you make a better decision.
Pros of GIM
Pros of KJ Somaiya
For more details you can talk to the alumni of the respective colleges.
Yes, there is a hostel facility in KJ Somaiya but not specifically for Engineering students. It’s a shared residence for engineering, commerce, and arts stream students. There are two hostels on the campus of KJ Somaiya:
Polytechnic hostel
Pros:
The crowd here is more than that of the Management hostel. This is because
Cons:
SIMSR Hostel
Pros:
Cons
Pursuing MBA in any branch from any of the given colleges will give you the best curriculum and environment to grow and upskill yourself. The placement reports of these colleges are scaling recently. MBA in Finance is one among any of these that would be a great opportunity to grab and K J Somaiya will be a great option.
One of my cousins pursued Finance from K J Somaiya and he told me that good companies come for summer and final placements and offer a good package for finance people.
Particulars |
K J Somaiya |
TAPMI |
Nirma University |
Fees |
2.97 LPA - 16.29 LPA |
15.1 LPA |
7.24 LPA - 16.3 LPA |
Companies |
Jaro Education, Calvin Klein, ICICI Bank, OUTLOOK, HDFC Bank, etc. |
Deloitte, EY, KPMG, Accenture, ITC, Wipro, Infosys, ICICI Bank, etc. |
Reliance industry, L&T Technology Services, Worley Engineering, etc. |
Package |
Rs 28.50 LPA |
Rs 25 LPA |
Rs 19.1 LPA |
In terms of fees also K J Somaiya is better compared to other colleges given. You should not miss this chance to apply. Being located in the financial capital, it has an edge over others. TAPMI is good only for IT mainly and location plays a big advantage here.
Yes, GIM, FORE, KJ Somaiya & SIBM-Bangalore all these B Schools enjoy 100% placement percentages. Speaking about figures, the highest and average packages of the mentioned colleges have been tabulated below.
College |
Average Package |
Highest package |
GIM |
INR 12.1 LPA |
INR 30.2 LPA |
FORE |
INR 14.04 LPA |
INR 41 LPA |
KJ Somaiya |
INR 10.98 LPA |
INR 26.50 LPA |
SIBM Bangalore |
INR 10.60 LPA |
INR 32 LPA |
More than figures, the deciding factors for your choice of college should be your interest, strengths, area of specialization and most importantly why you are pursuing an MBA.
My friend is a pass out of SIMS. According to her, some features of SIMS are
All these features make SIMR one of the best B Schools of India.