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Is it true that MBA marketing freshers are offered sales jobs? Even if they are from JBIMS or SIMSREE?
This is true for almost all the B Schools. Many B Schools offer sales jobs to MBA Marketing freshers even if they are from JBIMS or SIMSREE. There are some logical reasons behind this are as follows:
- You need to know the basics to understand the higher level of knowledge
- Eventually, you will be responsible for managing large teams. So with a sales job, you are familiarized with handling teams that do core sales.
- The exposure connects you with various people in the hierarchy
- Your ultimate role in life will be a salesperson as you will be seeking your idea to go Manager or a business idea to your CEO, so it’s better to enter early in the field and grasp the basics.
The requirement of experience depends solely on the company you are applying to. But I will personally suggest you be flexible and open to all profiles rather than targeting a single one.
Does JBIMS have executive MBA programs for working professionals?
To be eligible for the Executive MBA program at JBIMS, you must have passed the Graduate Examination in Industrial Engineering in Mumbai and have also qualified in the GATE examination conducted by the IITs. Additionally, you must have a minimum of two years of full-time work experience at a supervisor or executive level. Internships and projects do not count towards this requirement.
Once admitted to the program, you must maintain a minimum attendance of 3/4th of the lectures delivered in the First Term and the Second Term. Failure to meet this requirement will result in not being permitted to appear for the Institute/University examination and will require you to re-admit and start the program again. No exceptions will be made.
The program is tentatively 15 working weeks long and takes place over two semesters. The First Semester runs from June to November, while the Second Semester takes place from January to April. Classes for the Part-Time Master's Degree Program are held from Monday to Friday from 18:30 to 21:30, on Saturdays from 14:45 onwards, and on Sundays from 09:00 onwards. These times are subject to change, so it is important to keep this in mind when considering admission to the Executive MBA program at JBIMS.
Are packages offered at JBIMS FMS comparable to those offered at IIM ABC?
All five of the institutes mentioned in the question are among the best business schools in India. All of these business schools have been around for decades and have a long history.
Comparing these Institutes is not an easy process but since the question necessitates a comparison on the basis of placements, let us have a look at the comparison in placements of all these Institutes:
|
Institutes |
Highest International Package |
Highest Domestic Package |
|
IIM Ahmedabad |
83.5 LPA |
70 LPA |
|
IIM Bangalore |
NA |
NA |
|
IIM Calcutta |
80 LPA |
NA |
|
JBIMS |
NA |
34.36 LPA |
|
FMS |
NA |
58.6 LPA |
|
Institutes |
Average Package |
Median Package |
|
IIM Ahmedabad |
25.83 LPA |
NA |
|
IIM Bangalore |
26.18 LPA |
25 LPA |
|
IIM Calcutta |
27.9 LPA |
25.5 LPA |
|
JBIMS |
22.84 LPA |
22 LPA |
|
FMS |
25.6 LPA |
23.4 LPA |
According to the comparison, while the maximum package of JBIMS is significantly lower than that of other Institutes (including FMS), the average and median packages are comparable to the Institutes. It is also worth noting that JBIMS and FMS are the most affordable B-schools, with fees far cheaper than those levied by IIM A, IIM B, and IIM C. The ROI from JBIMS and FMS is unquestionably the greatest!
What is average package for JBIMS operations?
The company does not reveal specified placement data for particular domains. But the average package at JBIMS for this year is INR 27.63 LPA. I can also enlighten you on the kind of roles students from JBIMS Operations are hired in and you can conclude on the basis of your expectations whether the goals are at par with your expectations or not.
JBIMS Operations provides options for various sectors like IT, Finance, Consulting, Manufacturing, etc. Some major companies that offer the best roles are
- Accenture Strategy
- Mckinsey
- BCG
- HSBC (Operations)
- Crompton Greaves
- TCS
- Infosys
Companies like Mahindra and Cipla offer roles in General Management. One can easily infer that the roles offered at JBIMS are very similar to those offered at the top B schools throughout the country. Concludingly, the average package is also expected to be fairly good at
What is better if I want to do an MBA in finance: JBIMS, IIM Shillong, or IIM Kozhikode?
With Kozhikode having completed its 20th year and psychologically establishing itself as one of the older IIMs, placements in finance have been better this year. Some of the big brands that visited IIM K but not JBIMS include Credit Suisse, Bank of America Continuum, Deutsche IBD, Deutsche GTB, and a few others. While some companies, such as India Bulls, visit JB every year due to its proximity, the placement season at K saw many new and prominent first-time recruiters, such as CS, BoFA, IDFC, and others. The only big name missing from K's portfolio is Standard Chartered, which happens to be a regular recruiter at JB.
Overall, K is shifting toward a more balanced finance portfolio, with DB, GS, and JPMC providing middle office IBD roles, DB, Axis, ICICI, Yes Bank, Citi Bank, IDFC, Edelweiss, and Indus Ind providing corporate banking/treasury roles, and SBI Caps and Entrust providing front end IBD/asset management.
What is the difference between MSc in Finance and MBA at JBIMS?
JBIMS MSc Finance focuses on Finance and placements in the same field and very few sales roles whereas MBA is a traditional business administration course wherein the first year has common electives and for the second year you have to select among Marketing - Finance, Operations (rare), HR(rare), IT (extremely rare).
Similarities:
Faculty: JBIMS is well known for its world-class Finance faculty and both courses are taught by almost the same faculty.
Prayag Festival: It is the annual festival of JBIMS and all the students irrespective to their courses participate in it.
Dissimilarities
The placement statistics, dates, and teams are completely different for both courses.
How are the MBAs in HR placements at JBIMS?
My sister completed her MBA from JBIMS last year and says that no one from her batch had taken HR as their specialization. Therefore HR profiles are rarely offered during placements. But once or twice the HR profiles were opened up in the college as 2-3 students were willing to go for it.
But we cannot deny the fact that it will take a tremendous amount of time for college to build a reputation in HR and hence attract top job profiles in the domain.
My personal suggestion would be that if JBIMS decides to start a full-time specialized program in HR, it would greatly benefit the entire MMS program by attracting better profiles during placements, for all the streams in general.
Why are Delhi School of Economics and other better ROI colleges (like JBIMS and many more) for an MBA not as popular as FMS?
I have a friend who completed his MBA from the Delhi School of Economics. This answer is based on his opinions about why colleges with better ROI like DSE and JBIMS fail to compete with FMS. He has listed a few reasons for the lack of popularity of such B-schools:
- Establishment: DSE MBA first began in 1986 whereas FMS was established in 1954. So the course and the institute are the oldest in the FMS case.
- Alumni: Being an older Institute, FMS has a much stronger alumni network that has built a certain level of credibility in the corporate world. This criterion is missing in the case of DSE.
- Courses offered: Until 2015, DSE offered courses like Master of Organization Development and Human Resources and Master of International Business instead of MBA. Firstly these specializations are not at par with Finance and Marketing. Secondly, MBA has more value than MHROD and MHIB.
- Industrial relations: FMS is much more exposed to the industry and has excellent relations with the corporate world owing to a large number of its alumni.
- Faculty: The faculty is almost similar as both DSE and FMS operate under DU. But the shortcomings are compensated for at FMS via the compulsory guest lectures by industry experts.
- Crowd: The extremely high cutoff ensures only the most talented people enter FMS thereby increasing the quality of education and peer learning experience at FMS. This aspect too is pretty weak in the case of DSE.
It is because of these strong factors that B Schools like JBIMS fail to match the level of popularity enjoyed by FMS.
Why are Delhi School of Economics and other better ROI colleges like JBIMS and many more for an MBA not as popular as FMS?
Here are some of the reasons that should be mentioned:
- DSE MBA was founded in 1986, whereas FMS was founded in 1954.
- An older institute has more alumni to leverage for placements and thus more alumni to build credibility in the institute branding.
- Until 2015, DSE offered a "Master" degree in HR/OD and IB, titled Master of Organization Development and Human Resources and Master of International Business. Two things stand out: i) HR/OD and IB are niche areas to enter in comparison to an MBA-Fin and MBA-Marketing. ii) A MHROD/MIB has lower popularity than an MBA.
- FMS has significantly more industry exposure than DSE, owing primarily to alumni/family of alumni/friends of alumni.
- Quality of Faculty: Though both FMS and DSE are run by DU, what DU lacks in academic-focused faculty is more than made up for in FMS, which has regular mandatory industry guest lecturers.
- The higher cut-off in FMS (relative to DSE) year after year ensures (though is not guaranteed) a certain quality benchmark of students coming in, leading to increased competition and peer learning. Something DSE could think about.
Which one has a better fresher placement in MBA finance, JBIMS in Mumbai or FMS in Delhi?
FMS Delhi Placements 2023 has been concluded. A total of 269 students participated. FMS Delhi's highest package stood at INR 1.23 CPA whereas the average package stood at INR 34.1 LPA and the median package stood at INR 31 LPA. 97% of offers were made above INR 20 LPA. A total of 27% of students were placed in the Consulting Sector and there was a 19% Increase in the number of students placed in the BFSI Sector as compared to the last year.
JBIMS Mumbai is one of the most prestigious B-Schools in India. The institute has recently concluded its 2022 placement drive. The average salary increased by more than 20% as compared to the last year which stood at INR 27.63 LPA in 2022 whereas the median CTC stood at INR 26.48 LPA and the highest salary stood at INR 42 LPA. Consulting companies played the dominating role during the placement drive. Major recruiters included Deloitte, EY, PwC, Accenture, Infosys, KPMG, and many more.
There is no relevant data to tell us about Freshers' data, but both offer great placements regardless. Whichever location suits you; you can go there. However, FMS Delhi is the best according to me.
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