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I have 2 years of work experience and I have got admission to IBS Hyderabad. Should I join? Is it good?
To make an informed decision, you need to analyze your future prospects. Consider where you see yourself two years from now, or, if money is a primary concern for you, estimate how much you will earn in two years.
The average package offered by IBS Hyderabad is 6 lakhs. However, if you have a couple of years of experience and are in the top 10th percentile of your batch, there is a good chance you could earn 7-8 lakhs. In this case, enrolling in IBS Hyderabad would be a viable option if you don't see yourself earning a similar salary within two years.
Furthermore, you should evaluate your ability to gain admission to a better business school such as an IIM. If you have the potential to do so, it would be a wise decision to invest your efforts into pursuing this opportunity. However, if you really believe that you are not in that league, enrolling in IBS Hyderabad would still be a viable option, as discussed in the second paragraph.
What is the MBA admissions process at IBS Hyderabad?
To successfully clear the first round, you must obtain the minimum score required by the entrance exams the college accepts, such as NMAT (150), CAT (60th percentile), and IBSAT.
If you are selected for the next round, the college will contact you via phone call and email to inform you about the GDPI (Group Discussion and Personal Interview) round. Your academic record, performance in the group discussion, and interview will be combined to determine your overall percentile.
Based on this percentile, you will be allotted a campus. If you are selected for IBS Hyderabad, you will receive a confirmation email after completing all of the aforementioned steps.
How is the life of a student at IBS Hyderabad?
At IBS Hyderabad, you will experience a unique and transformative journey in your MBA education. This college is not bound by traditional discipline-based curriculum but instead provides you with the opportunity to develop your skills and become a better working professional. The journey can be divided into three phases: Realization, Launchpad, and Accomplishment.
During the first few months, you will have realizations about the challenges of college life, such as average quality food and poor facilities. However, you have the option to either complain about these issues or try to adjust and make the best of the situation. Choosing the latter will allow you to turn IBS Hyderabad into your second home, where you will build relationships with classmates and make your studies enjoyable.
In the third semester, after completing a summer internship, you will experience a completely different environment. The college challenges you to improve and perform better in all areas of your life. With competitive placements and classmates, you will push yourself to reach your full potential.
Finally, in the Accomplishment phase, you will achieve remarkable things and develop friendships that will last a lifetime. You will also be challenged to try new things, such as a stand-up act, which will help you grow as a person.
In conclusion, anyone can join IBS Hyderabad regardless of their background or scores. However, to fully take advantage of the opportunities available, it is important to be willing to work hard and change yourself. The college will give you what you contribute to it, so it is up to you to decide if IBS Hyderabad is worth your investment.
What is the order of preference among the following IBS (ICFAI) campuses: Hyderabad, Mumbai, Pune, Bangalore, Jaipur, Ahmedabad, Dehradun, Gurgaon, or Kolkata?
If you're considering an MBA program, Hyderabad, Mumbai, and Gurgaon are three of the most attractive options based on their placement prospects. Only the Hyderabad, Jaipur, and Dehradun campuses offer an MBA program, while other campuses offer PGPM. If you want a dual degree, you can pursue a PGPM from the campuses offering the program, combined with a distance learning MBA.
The cost of your education is another important factor to consider. The Mumbai and Gurgaon campuses will cost you approximately INR 9 lakhs for PGPM, while the Hyderabad campus charges approximately INR 16 lakhs for an MBA.
In terms of placement statistics, IBS Hyderabad had a 99% placement percentage in 2022 with an average package of INR 8.71 LPA. On the other hand, IBS Mumbai had an average package of INR 7.14 LPA with the highest international and domestic packages of INR 53.45 LPA and INR 15 LPA, respectively. IBS Gurgaon had an average salary of INR 6.81 LPA with the highest international salary of INR 22.18 LPA and the highest domestic salary of INR 11 LPA. The average salary for the top 10% and top 25% was INR 10.06 LPA and INR 8.76 LPA, respectively.
Before making your final decision, it is important to carefully weigh all of these factors. While Hyderabad offers excellent opportunities for development and growth, including a strong club culture, Mumbai and Gurgaon may be better options for you if you are closer to your hometown or primarily concerned about the return on investment.
How is IBS Hyderabad for an MBA?
When considering joining a B-School, it's important to look at various factors to determine if it's the right fit for you. Here's a breakdown of what you can expect from IBS Hyderabad:
- Crowd: With a batch of a thousand people, there is a diverse group of individuals to interact with and learn from. It's recommended to seek out those who can aid in your growth and development.
- Infrastructure: The college buildings and facilities are of good quality and the lecture theatres offer a realistic experience of what an MBA class is like.
- Academics and Faculties: There is a range of faculties with extensive experience and influence. Some may impress you with their teaching abilities, while others may not align with your preferences.
- Clubs: The college has over 25 clubs in various fields like marketing, finance, entrepreneurship, sports, entertainment, and more. Participating in clubs can be a great way to engage and learn about teamwork, leadership, deadlines, and event planning.
- Mess food: The food quality can be inconsistent, but there is a variety of dishes available, including North Indian and South Indian cuisines. There are also 6-7 dhabas located 400 meters from the campus.
- Campus Environment: The campus atmosphere is lively most of the year and there are frequent events held. Additionally, the greenery on campus is impressive and receives a 10/10 rating.
How bad is the management at IBS Hyderabad?
IBS has a dedicated marketing team that works hard to get admissions for its 9 campuses. College curriculum, placement, approvals, and quality of faculties may not play a big role in getting admissions.
The IBSAT examination is not a rigorous test, and it is possible to qualify by just applying for it. The IBSAT application period starts in June and may never end, with the exception of the IBS Hyderabad campus, which closes in the first week of February.
The selection process at IBS Hyderabad is more about determining if you have the financial means to pay for the fees, rather than your qualifications. Fluency in English and a wealthy father may increase your chances of getting into the IBS Hyderabad campus.
Most of the students placed through campus placements will end up leaving their jobs within 6 months, and a large percentage of the jobs obtained through campus placements are not unique to MBA graduates.
Even if you score less than the 60 percentile on a test like CAT, it is still possible to get into IBS Hyderabad by writing the IBSAT exam. It is recommended to take exams such as CAT, CET, NMAT, CMAT, SNAP, or TISS if you are serious about pursuing an MBA. CAT is often referred to as the "mother of MBA entrance exams in India," and a score less than 60 percentile may indicate that an MBA may not be the best fit for you.
How do I join in IBS Hyderabad?
Getting admitted to ICFAI Business School Hyderabad is relatively easier compared to other MBA colleges. To gain admission, you will need to possess average aptitude skills. The first step is to appear for the IBSAT, which is conducted by IBS for all its campuses. The exam is relatively easy and can be cleared with decent learning and regular practice of aptitude for not more than 3 months. Additionally, you can also apply to IBS through other MBA exam scores, but IBSAT is easier and more widely accepted.
Based on your performance in the IBSAT, you will receive an invitation for a Group Discussion and Personal Interview (GD-PI) at the IBS Hyderabad campus.
During the GD-PI, you have the opportunity to showcase your communication skills, domain knowledge, general affairs, and intent for pursuing an MBA. If you perform well in the GD-PI, you will have a good chance of getting admitted to IBS Hyderabad. Although there may be other ways to get admitted to IBS Hyderabad, appearing for the IBSAT and performing well in the GD-PI is the most straightforward method.
What are some specializations in IBS Hyderabad?
IBS Hyderabad offers specialization in a variety of subjects. During the second year, i.e., 3rd and 4th semesters, you are required to choose 8 electives or subjects of your choice depending on your area of interest along with some compulsory electives. The electives are from a variety of specializations including
- Finance
- Marketing
- Operations
- HR
You are at complete freedom to choose any combination of electives up to 8. One can choose Finance with Marketing or Operations with HR or even all Finance electives. However at IBS, a major at Operations is rare as very few companies in this sector visit the campus. You get to choose 5 electives in the 3rd semester whereas 3 electives in the 4th semester.
One major point to note is that irrespective of whatever electives you choose, IBS Hyderabad offers a General MBA Degree only. Even if you have chosen all Finance electives, you get a general MBA degree and not MBA-Finance.
Should I join Ibs Hyderabad by taking a loan of 15lacs, is it really worth it?
Whether taking a loan is a wise decision or not depends on an individual's situation. For instance, you take a loan and even get a package that is enough to repay the loan but you are placed at a remote location. Then the additional expenses become a hindrance. So one cannot say with certainty if it’s worth taking a loan or not as it’s a subjective issue.
Another thing that often strikes me is that if you get an admission after taking a huge loan you are under a certain pressure to land a high-paying job. Your entire energy and efforts are focused on getting placed at a good firm rather than acquiring the essential knowledge that will improve your profile and help you in the long run. Throughout the two years, your agenda is not to learn management skills and concepts but to score better so as to get placed. With placement being the only goal, you often fail to make the best use of the available opportunities.
Once the placement season starts your desperation is at its peak. In case you don’t get placed in the initial month your mental and physical health is affected. So the pressures stemming from a single loan is long-lasting and can devalue the experience of your MBA.
So either you need to learn to survive under extreme pressure or not join IBS Hyderabad after taking a loan.
Which one is better, IPE Hyderabad or IBS Hyderabad?
The fact that I don’t know anyone from IPE but many from IBS is enough to prove the brand name of IBS Hyderabad. To prove this further let’s compare the placement statistics of both the B Schools.
|
Particulars |
IPE |
IBS |
|
Number of students placed |
320 |
821 |
|
Highest CTC |
INR 15 LPA |
INR 21 LPA |
|
Average CTC |
INR 6.4 LPA |
INR 8.71 LPA |
|
Top Recruiters |
HUL, TCS, PwC |
Aditya Birla Group, ICICI Bank, HDFC Bank, TCS |
From the table, we can see that IBS has an upper hand in almost all aspects when compared to IPE. Today, its alumni hold top positions in Management because of the institute's legacy and reputation. More than 58000 graduates work around the world. Owing to its strong alumni network and corporate relations, IBS Hyderabad offers better placement opportunities than IPE. IPE on the other hand has below-average placement statistics and offers very few opportunities in the corporate sector. IPE has much lower fees compared to IBS but the opportunities offered at INS are worth the high fees. The money you will be investing in IBS Hyderabad will reap you benefits throughout your lifetime which is hardly possible in the case of a mediocre B School like IPE
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