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Can I prefer SPJIMR over IIM IKL?
Yes, one can definitely choose SPJIMR over the three IIMs IKL. To answer the why part, I have individually compared each IIM to SPJIMR and justified why SPJIMR is a better choice in all the 3 cases.
IIM Indore
SPJIMR over IIM Indore is a choice as everyone is aware of the huge batch size at IIM Indore which becomes a major obstacle during placements. Moreover, it gives a lot of weightage to past academics so it’s not a good option for those who fared average during 10 and 12 but are now ready to face challenges.
IIM Kozhikode
The only aspect in which Kozhikode has an upper hand when compared to SPJIMR is the campus beauty and I am sure this is not the most important criterion for judging a college at all. SPJIMR offers a more innovative and structured curriculum, a smaller batch size combined with the chance to live in the city of Dreams. The only aspect that it lacks in comparison to Kozhikode is the fact that you have to choose your specialization during admission itself whereas Kozhikode gives you a year's time to do so. Then again if you are certain of your specialization, nothing is better than SPJIMR.
IIM Lucknow
Honestly speaking many might consider IIM Lucknow a tad bit better than SPJIMR and rightly so. When it comes to consulting and Finance, IIM Lucknow is a better option. It also attracts the best profile and not the kind accepted at SPJIMR. Additionally, the batch comprises IITians majorly who are there for the tag. These geniuses create tough competition which is lacking in the case of SPJIMR. This turns out to be a benefit for SPJIMR as students who are not at the top are able to get good roles at top consulting firms. So in terms of Finance, Consulting, and IIM tag, IIM Lucknow seems to be better but is similar to SPJIMR in all other aspects.
How are the placement prospects after doing a 1-year MBA from SPJIMR?
SPJIMR MBA program is known as the PGPM program and offers decent on-campus placements. Some key highlights regarding the placements for this program are
- A number of reputed firms visit the campus for PGPM placements
- The companies offer specific roles only and the main criteria for this program is 5 years of work experience
- There are no mass placements for this batch
- The most common roles offered to depend on your specialization such as Consultants and Product or Program Managers
- The placement drive begins at the end of September and lasts till Feb, depending on the number of unplaced students and market conditions
- The SPJIMR Career Services team manages the campus recruitment process.
- PGPM recorded a 20% rise in the average CTC over last year
- The average CTC of the top 25% and top 50% of the batch stands at INR 31 L and INR 28.70 L, respectively.
If you are looking for a more detailed version, check the official website for reports.
Should I choose an MBA in SPJIMR finance or XLRI HRM?
XLRI Jamshedpur and SP Jain Mumbai are both renowned management colleges in India, with XLRI having an edge due to its older establishment.
If you enjoy managing people and prioritize teamwork, a career in HRM may suit you well. It's worth noting that HRM has evolved to be much more than just headhunting.
Before making a final decision, it's important to consider the type of organization you would like to work with, if that's your goal post-MBA. This can help you make a more informed and beneficial decision.
Which is the better choice between SP Jain, IIM Lucknow and XLRI Jamshedpur?
When considering MBA programs, XLRI is a top choice and better than both SP Jain and IIM Lucknow due to its strong academic curriculum and excellent facilities. It is not only known for its Human Resources (HR) program, which is considered to be the best in India, but also for its Business Management (BM) program, which has a strong track record of 100% placement year after year. Additionally, XLRI has a wide range of placement opportunities for its students. Overall, XLRI is a well-rounded choice for an MBA program.
The median salary offered to students in the batch of XLRI was INR 30 lakhs per annum, with the top 10th percentile averaging INR 48 lakhs per annum and the top 25th percentile averaging INR 43 lakhs per annum. The top segments for roles offered were Consulting, ITES, E-Commerce, Gaming & Online Services, and Sales & Marketing. XLRI is highly regarded as the best institution in the country for Human Resources (HR) education. HR roles were offered by a wide range of companies, including P&G, HUL, ITC, Colgate Palmolive, Marico, JP Morgan Chase and Co., Google, Samsung, Bajaj Auto, Myntra, Ola, and others. The HR roles offered include HR Consulting, Recruitment, Compensation & Benefits, HR Analytics, and Chief of Staff. Premier consulting firms like PwC, EY, and Deloitte open exclusive HR consulting roles for XLRI students, further emphasizing the trust placed in XLRI graduates as future HR leaders.
Which is the better choice between SP Jain, IIM Lucknow, and XLRI Jamshedpur?
It depends on your business school needs. You listed three prestigious schools. This may help you choose:
- SP Jain is famous in India and globally for its global business and entrepreneurship concentration.
- The oldest and most famous Indian business school, IIM Lucknow, is known for its academic rigor and research.
- XLRI Jamshedpur emphasizes management and social responsibility.
Academically, with facilities, and placement, XLRI is better. It is the best in India for HR and BM, with 100% placement every year.
What should I choose between SPJIMR Finance and IIM Lucknow, having converted both?
If you are deciding between IIM Lucknow and SPJIMR for Finance, it is important to weigh your options. Here is what you need to know about IIM Lucknow's Finance faculty and placements:
- Placements: IIM Lucknow Finance placements have been doing well, with a good number of front-end roles coming to the campus. The highest salary for Finance stood at INR 53.34 LPA and the Mean salary at INR 32.21 LPA. Some of the companies that recruited from IIM Lucknow for Finance roles include JP Morgan, Citibank, Morgan Stanley, Black Rock, Kotak, Investec, Avendus, Arga Investments, Spark Capital, Ernst & Young IBD group, Piramal Group (Capital Markets), Deutsche Bank, Bank of America Merrill Lynch, Citibank, Goldman Sachs, Nomura, Standard Chartered, and HSBC.
- Front-end roles: Many companies offer front-end roles at IIM Lucknow, including JP Morgan, Citibank, Morgan Stanley, Black Rock, Kotak, Investec, Avendus, Arga Investments, Spark Capital, Ernst & Young IBD group, Piramal Group (Capital Markets), and foreign markets desks based out of India like Deutsche Bank, Bank of America Merrill Lynch, Citibank, Goldman Sachs, Nomura, Standard Chartered, and HSBC.
- Learning and Faculty: The Institute offers a good number of electives in Finance ranging from subjects like Investor Psychology, Quantitative applications in finance, Project Finance, Corporate Banking & Risk Management, etc. The faculty is able to provide exposure through guest lectures and industry workshops.
On the other hand, SPJIMR may not have as many big-name companies visiting for Finance roles compared to IIM Lucknow. From what has been reported in the media, some notable names missing at SPJIMR during the past 2 years include Citibank (front-end markets role), JP Morgan (front-end markets role), Nomura, Deutsche Bank, and Bank of America Merrill Lynch. However, Barclays visited SPJIMR but not IIM Lucknow in the last 2 years.
When choosing between the two institutes, it is important to consider your personal goals and interests. Do your research and decide which institute aligns better with your career aspirations.
What are the chances of a score-based call from SPJIMR?
My friend has got both a profile-based and a score-based call. He had to choose between IIM Indore and SPJIMR so he eventually went for the SPJIMR. IIM Indore alumni told him about the issues the students face during placements owing to the huge batch size. The recruiters offer the best packages to the top students and the rest of the batch ends up with average packages. This made him choose SPJIMR.
As he went for the interview, he soon realized that the other candidates had scores much better than his (97+). This disheartened him with the lowest score (96 something). He knew clearly he had zero chances and left right after the first round. He further said that the campus wasn’t that appealing and IIM Indore and FMS seemed to have better infrastructure. So the bottom line is the chances of getting a score-based call from SPJIMR are very low.
Which college should I prefer for an MBA between IIT KGP VGSOM NMIMS Mumbai IIM Ranchi SP Jain marketing SIBM Pune and IIT Delhi DMS?
When choosing your desired colleges, it is recommended to consider the following options in the given order:
- SP Jain - Despite the high fee, the maximum salary package offered was INR 52.16 LPA, while the average salary package stood at INR 32.06 LPA during 2022 placements, and the job roles offered are on par with top-tier institutions like FMS or IIM ABC. Missing out on this opportunity would not be wise.
- IIM Ranchi/IIT Delhi - If you are an engineer, it is recommended to go for IIT Delhi as the MBA course structure is heavily inclined towards statistics and technology. On the other hand, if you are interested in pursuing a career in HR, IIM Ranchi is the best option due to its reputation for providing excellent HR placements and the prestigious IIM tag.
- SIBM Pune - Although not on par with the previously mentioned B Schools, this college is one of the biggest brands you can opt for. The average salary for the 2021-22 batch was INR 23.06 LPA and the job roles offered were on par with the new IIMs. Additionally, you will benefit from a robust alumni network due to the college's age.
- NMIMS - While this college is located in Mumbai and might be a good option for students from that area, the high fee can be a concern. However, it is known for its Finance specialization.
- IIT KGP - As this college only accepts engineers, the batch will not be diverse, and neither will the job roles offered. Given the other options provided, this college may not be the best choice for you.
It is important to consider each option carefully and choose the one that best fits your needs and career goals. Take your time, do your research, and make an informed decision.
What is the cutoff for the GMP course of SPJIMR? Does it provide campus placements?
SPJIMR GMP eligibility criteria are as follows:
- GMAT [minimum 550]
or
- GRE [minimum 300]
or
- CAT [minimum 80 percentile]
Other than this, you require a decent profile to increase your chances of conversion.
SPJIMR provides immense placement support because outside India there is no placement culture. You have to apply to companies and get a job. But you get a lot of assistance from colleges and alumni of both SPJIMR and partner colleges. SPJIMR alumni are placed in big firms like
- Mckinsey
- BCG
- Credit Suisse
- JP Morgan Chase
- Procter & Gamble
- BASF
- Allianz
How difficult is it to get into SPJIMR, Mumbai?
SPJIMR, a leading MBA college, offers specializations in Marketing, Finance, Operations, and Information Management. As part of the application process, you'll need to select two specializations that align with your relevant work experience.
To gain admission to SPJIMR, Mumbai, there are two selection methods available. The first is profile-based calls, where your profile is reviewed, and you may receive a call based on your academic achievements, extra-curricular activities, work experience, and other relevant factors. To qualify for a call, you'll need to have a minimum overall percentile of 85 and a sectional percentile of 70. Alternatively, you can qualify for a call based on your GMAT score, provided it is 680+.
The second selection method is the autonomous process. This involves accepting CAT/XAT and GMAT scores, after which students are invited for GDPI WAT before final selection.
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