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Is MICA worth joining given the hike in their fees from 16.5L to 20L, and average packages standing at 12.8L? How good is it compared to SIBM Pune or IIM Shillong?

MS
Mitali Sharma Posted On : February 4th, 2021
MBA Marketing, Symbiosis Institute of Business Management, Pune (2020)

There are several factors that you should consider before deciding on a business school. Fee is one of them; though the fees you pay at any business school is not directly equivalent to the average package offered, so keep that in mind before making any decision.

Now, Management schools generally increase their annual fees by 10 to 20% every two years. For instance, in the year 2018, MICA increased their fees from Rs 16.5 lakhs to 18.5 lakhs and then last year, they increased it again to Rs 20 lakhs. Similarly, SIBM Pune increased their fees by 20 % in the year 2018. Thus, bear in mind that most business schools change their fee structure annually or bi-annually while it is a deciding factor, it is also highly common.

Tabulated below are the recent fee structure and average salary offered by the institutes:

Institute Name

Fee Structure

Average Salary

MICA

21 LPA

13.9 LPA

SIBM Pune

18.8 LPA

20.14 LPA

IIM Shillong

10 LPA

18.76 LPA

Comparison:

  • MICA is a good management school in itself but when compared to other business schools, it falls short. The college needs to work harder to establish itself as a full-fledged business school when compared to business schools like SIBM Pune or IIM Shillong. 
  • The college offers great placements but the roles offered are very different from the roles a traditional MBA would offer. 
  • Placement offers are mainly from the Media and Advertising field. For instance, this year alone FMCG made up 23% of the placement offers while Media and Advertising companies made up approximately 31%. 

MICA is an excellent college with a unique structure; people are creative and innovative there. The college will definitely help you grow and will offer you a very different and unique experience, unlike a traditional management school. While it is a good and upcoming college; it has to work to match up to management colleges like SIBM Pune and IIM Shillong.

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How much salary do the last 50 MBA students get at final placements at B Schools like IIM Indore, IIFT Delhi, MDI Gurgaon, SIBM Pune, etc.?

TA
Tithi Aggrawal Posted On : April 27th, 2023
Founder, NextBigWhat

Colleges invite companies for placements on the basis of the preference list created by the students themselves. This means that the most preferred companies visit in the initial days while the least preferred companies visit towards the end. This eventually means that the last of the batch gets placed by mediocre companies.

Now here is a fact, sometimes the companies visiting at the end in order to get higher preference and attract maximum students, offer high packages that are at par with the preferred companies. 

My uncle was a placement coordinator at IIFT a few years ago and gave me an insight into the placement scenario of such B Schools. Numerically speaking if the median salary of a particular B School is X, then the packages offered to the last 59 students would be around 0.6X-0.7X. 

College Name

Median Salary

Salary expected by last 50 candidates 

IIM Indore 

INR 24.09 LPA

INR 16.8 LPA

IIFT Delhi

INR 25.6 LPA

INR 17.9 LPA

MDI Gurgaon 

INR 24 LPA

INR 16.8 LPA

SIBM Pune

INR 20.80 LPA

INR 14.5 LPA

The approximate salary offered to the last 50 candidates of the B Schools you mentioned is around 15-17 LPA.

Kindly note that these figures are based solely on guesses and anecdotes from my juniors, and are just meant to give an idea of the salary.

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Which college should I prefer between SIBM Pune and XIMB for MBA-BM regular course?

NP
Neha Pandey Posted On : June 19th, 2021
MBA - HRM Human Resource Management, Xavier Institute of Management, Bhubaneswar (2019)

Having friends studying in both the institutes, I might be able to help you with the question. To conclude which is the best option for you, we have to first compare these two Institutes in the following few criteria.

  • Brand value: Usually XIMB over SIBM is preferred, due to its better reputation and brand value. You have to score around 98% in CAT or XAT if you are aiming to secure a seat at XIMB.
  • Alumni base: SIBM Pune is older than XIMB and has an illustrious alumni base. Even though XIMB has a great alumni strength, it's not as good as SIBM.
  • Location: SIBM is located at the picturesque Lavale village of Pune. Campus is fully enabled with WiFi. Infrastructure is top-notch with modern classrooms and seminar halls. XIMB is located at Bhubaneswar, it is well connected to metropolitan cities. The campus is large compared to SIBM.

Placement records:

Particulars

SIBM Pune

XIMB

Number of students placed

365

374

Number of recruiters

84

97

Top recruiters

ICICI Bank, Capgemini, Asian paints, Godrej.

BNY Mellon, Accenture, Deloitte, Airtel.

Highest CTC offered

27 LPA

24 LPA

Average CTC offered

16 LPA

15.51 LPA

Placement rate

98%

98%

You have to assess all these factors, consider your personal commitments, course fee and other information about both of these Institutes to decide what is best for you.

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How good is Sibm Bangalore for one year PG diploma?

SM
Sanket Mehera Posted On : August 27th, 2020
Studied at Symbiosis Institute of Business Management, Bengaluru (2020)

Symbiosis Institute of Business Management, Bangalore (SIBM) offers PGDM programs for working professionals. The course duration is 12 months and it is split into two-semester classroom sessions. The college offers one year PG Diploma courses in the specializations of Business Analytics, Financial Management, Operations Management, and HR. Apart from these diploma courses, an executive MBA program is also offered to working professionals by the institute.

Listed below are the

  • Eligibility: The prerequisite for the course is graduation from a recognized university with a minimum of 50% aggregate.
  • Selection Criteria: Candidates are selected based on their performance in the personal interview. The course fee for the postgraduate diploma programs is 1.31 lakhs.
  • Infrastructure: The institute has state-of-the-art infrastructure with modern Wi-Fi enabled classrooms, computerized libraries, digital books and journals, seminar halls, discussion rooms and sports complex.

The faculty to student ratio at the institute 1:20. The faculty and the course curriculum is almost the same as the regular MBA. The PGDM courses at SIBM, Bangalore does not provide placements but most students find good jobs on their own after completing the course.

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What role do academics play for getting a call from SIBM, Pune and SCMHRD?

Aastha Shrimali Posted On : May 19th, 2023

Past academics do not play as big of a role in getting a call from SIBM Pune and SCMHRD as you might think. The minimum eligibility criteria are having more than 50% (45% for caste) score in graduation. But it can still impact the overall selection process. 

GE+PI+WAT call is based solely on the SNAP test percentile, but during the personal interview round, the panel may ask questions about the candidate's academic background, performance, and achievements. Therefore, having a good academic record can help in making a good impression and demonstrating one's overall capabilities and potential. Hence, candidates should focus on developing a well-rounded profile and showcasing their strengths during the selection process.

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Which is better NMIMS Mumbai or sibm Pune for marketing specialization? With 2 5 years of workex.

AJ
Advait Joshi Posted On : June 4th, 2023
Lives in Mumbai, Maharashtra, India

SIBM Pune is comparably better than NMIMS Mumbai. It has a smaller batch size. NMIMS has a huge batch size of around 500, while the student intake for SIBM Pune is around 180. It also offers a better campus life.

NMIMS Mumbai placements are comparably better, due to the locational benefits and several other factors. It offers higher placement packages. NMIMS Mumbai placements 2022 concluded with the highest CTC of INR 57.65 LPA.

Both universities are well-established, have excellent placement records, and provide promising careers. But NMIMS can be preferred if you have workex.

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Which is the better option, SIBM Pune or SCMHRD?

DS
Deep Sengupta Posted On : February 11th, 2022
MBA Business Analytics from Symbiosis Centre for Management and Human Resource Development

In terms of ranking and brand value, SIBM Pune is better than SCMHRD. India Today 2021 has ranked SIBM Pune and SCMHRD 7th and 8th for MBA respectively. But rather than ranking and brand recognition, you should put more importance on the course you are going to pursue. 

If you are planning on pursuing MBA Business Analytics, MBA HR, or MBA Infrastructure Management, then you should go for SCMHRD. For the Marketing specialization, both of these two are decent options.

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How is life at SIBM/SCMHRD Pune?

SG
Sejuti Guha Posted On : May 2nd, 2023
studied at Symbiosis Institute of Business Management, Pune

Life at SIBM/SCMHRD- SIBM and SCMHRD Pune are the colleges that will train you to challenge yourself every day. You have to keep up with your classes, summer internships, council work, competitions, and other things outside of school.

But even though they have a lot to do, kids still find time to have fun. Every year, SIBM Pune hosts Transcend, which is by far one of India's biggest business school cultural events. Garba nights, the Colosseum, and Aarambh are all fun ways to spend time.SCMHRD hosts Shapath drives, Prayatna rock show, Finance conference, e-cell event, and NEEV Cultural fest.

The campuses are beautiful and the infrastructure is at par. Students feel comfortable in living.

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What is the career growth and salary of SIBM Pune and SCMHRD alumni?

TD
Tezal Dahiya Posted On : June 28th, 2023

SIBM and SCMHRD are absolutely good universities for someone who has been above average academically and wishes to study in India's top 20 B-Schools. 

If you measure a college's 'quality' largely by the average CTC granted during placements. In addition, aspects like curriculum, faculty member quality, infrastructure, and so on. 

Every year, approximately 80-85k candidates apply for SNAP, of whom 2500-3000 are shortlisted for the GD-PI procedure, of which 400-500 are selected to study at these two colleges. For someone who’s an alumnus of these colleges, the brand value and name stays with them and that helps in career growth and salary.

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Which one should I choose, SIBM Pune or New IIMs like IIM Ranchi, Trichy, Udaipur, or Rohtak?

SD
Saunak Dasgupta Posted On : April 1st, 2022
MBA Finance & Marketing, Indian Institute of Management, Udaipur (2017)

SIBM Pune is ahead of the new IIMs as of now. The institute is almost 45 years old. It has a huge alumni base and a better industry interface. The placement record of SIBM Pune is pretty good. The batch of 2021-22 received an average CTC of INR 23.06 LPA. The recruiting companies and the job roles offered at SIBM Pune and the new IIMs are more or less the same. 

But SIBM Pune fees are higher than that of new IIMs. SIBM Pune MBA costs INR 21.32 lakhs. 

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