B School Selection 07 01

TI M E . .

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Triumphant Institute of Management Education Pvt. Ltd.

welcomes you

Seminar

How to Select the Right B-school ( for applying )

PG in Management •

No. of B-schools in India: 1200+

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No. MBAs graduating every year: 80,000+

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Variety of programmes - Two-year degree or diploma - Three-year part-time - One-year executive programme: on-line / classroom - Correspondence

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Specialisation - None - Function: single / dual - Industry

TI M E . .

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Triumphant Institute of Management Education Pvt. Ltd.

We care for your Career

Selection Process/Criteria* • Two-stage process a) Written test b) GD + PI

• Criteria & Weightage - Low transparency ( few exceptions ) - Written test: 40-60%* - GD / PI / Work Ex / Bio-data: 10-15%* each

* Best Guesstimates

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Selection Process/Criteria* Some Glasnost AICTE has asked B-schools to disclose details: 5. 6. 7. 8.

Placements – Lowest, Average & Highest salary No. of applicants Names / Qualifications of FMs Selection process - CAT/written test cut-offs - Weightages for CAT score, GD, PI, Academics etc. 5. Visit B-school website and check under ‘mandatory disclosure as per AICTE guidelines’

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From B-school Websites B-school

Min %ile

BIM, Trichy

87.45

BIMTECH

None ( call 1200 for 120 seats )

IMI K J Somaiya

93.65 84.33 ( WE ) 91 ( Freshers )

LBSIM

89.65

MICA

90+

NIRMA

88

Selection Criteria - Weightages CAT – 50% CAT – 35%, Graduation % - 20% GD – 20%, PI – 25% CAT – 40%, Bio-data-10%, GD-10%, Essay10%, PI-30% CAT – 50%, GD-12.5%, PI-20%, Acads – 10%, Comm. Skills – 10%, WE – 7.5% CAT – 60%, Others – 40% CAT only for short-listing. MICAT – 30%, GD/PI – 70%

CAT – 70%, GD – 10%, PI – 20%

From B-school Websites ( Continued ) B-School

Min %ile

Selection Criteria

Fore

NA

CAT - 35%, Acads + WE – 25%, GDPI – 40%

IISWBM

83

CAT-10%, Acads -25%, GD+Extempore-15%, PI-45%, Experience – 5%

SDM, Mysore

69

CAT – 50%, Acads + WE - 20% GD – 10%, PI – 20%

GIM

84.5 ( XAT )

XAT-50%,Acads-10%, GD+PI-30%, WE-10%

IMT

NA

CAT – 70%, GD+PI – 25%, ACADS+WE – 5%

UBS

90+

CAT - 85%, GD& PI – 7.5% each.

Salary Statistics ( from B-school websites ) B-school

Average

Highest

Lowest

BIM ( 07 )

7.02

10

4.0

Fore ( 06 )

4.6

8.4

3.5

IIFM ( 07 )

4.0

7.0

NA

IMI ( 06 )

5.2

7.1

3.5

LBSIM ( 06 )

5.5

8.8

4.2

LIBA ( 07 )

6.0

9.0

3.5

NIRMA ( 06 )

4.12

8.6

NA

K J Somaiya ( 06 )

5.57

11.96

4.09

XIMB ( 07 )

6.77

12.75

5.0

GIM ( 07 )

6.4

9.0

4.0

Selecting the right* B-schools Guidelines

( *for applying )

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Criteria 1) Placements

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Placements “All that glitters is not gold”

100% placement - myth or reality ?

Average Salary figures – take with a pinch of salt! We care for your Career

Criteria 1) Placements 2) Quality of Faculty

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Quality of Faculty

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Quality of Faculty Key Considerations • Balanced mix of full-time & visiting faculty • Faculty-industry interface • Qualifications & Background

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Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students

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Quality of Students Learning at a Good B-school takes place as much from your fellow-students as from the teachers. Alumni play a key role in placements. Well-knit alumni network ► good placements.

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Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure

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Quality of Infrastructure While good infrastructure alone does not guarantee great learning but it helps!

However, Do not get carried away by the claims regarding infrastructure

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Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure 5) Image of the institute

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Image of the Institute Brand matters! Why do we pay a premium for a brand ?

Value of the management degree/diploma depends on the reputation of the institute!

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Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure 5) Image of the institute 6) Location of the institute

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Location of the Institute Lion commands respect even outside jungle! But location matters for lesser mortals! Location of the Institute impacts quality of placements & sourcing of the best faculty ! When in doubt, opt for the B-school located at a metro - Bombay/Delhi

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Criteria - Summary 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure 5) Image of the institute 6) Location of the institute

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Still Confused? Yes, how do I decide which B-schools I should apply to?

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FAQs 1. How many B-schools I should apply to? - Depends on your budget - Suggested number: 10 -12 - Apply to B-schools in more than one ‘band’ 2. Authenticity of Surveys done by different publications? - Sample Size - Non-participation of institutes - Low knowledge of people involved 3. How is B-school ‘X’?

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FAQs ( Contd.. ) 4. How to check B-school claims - Personal visit, websites, not just companies but salaries & designations too! 5. I need minimum Rs ‘X’ per month. Which Bschool will guarantee me this? - Take-home or CTC? - Are you looking at the MBA only from shortterm or long term perspective? 6. Salary statistics: Average, Highest, Lowest – Should I believe in the figures quoted in the media? - Check ‘Mandatory Disclosure’ We care for your Career

FAQs ( Contd.. ) 7. Institutes not having ‘min 50%’ criteria? - Hold your breath, it’s coming! 8. Any good ‘MAT’ institutes? - Unfortunately not many, pl. wait till we get into B-school ranking! 9. If I do not get into an institute of my choice, should I try again or compromise? - Yes & No! 10. At what current AIMCAT percentile can I get into a ‘top 20’ B-school?

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V

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Y We care for your Career

FAQs ( Contd.. ) 11. How important is the course fee in deciding the Bschool? - V. low importance 12. How do I finance my studies since cost is very high ~ Rs 5 Lakhs? ( Rs 17 L at ISB ) - Bank loans are easily available at good B-schools 13. Should I apply only to those near Delhi since I do not wish to stay far away from home? -NO 14. Since CAT / IIFT is difficult, should I apply only to those B-schools that use other tests like MAT? -NO We care for your Career

Some more Guidelines?

Rules of Thumb..1

Ease of Admission

1. Tougher to get admission → better is the B-school ( Reverse is also true! )

Low

Quality of B-School →

high

Rules of Thumb..2

Quality of Students

2. While you ‘naturally’ want to get into the best Bschool, they also want the ‘best’ of the students!

Low Low

Quality of B-School →

high

Rules of Thumb..3 3. ‘Normal distribution’ of salary takes place at each & every B-school, including IIMs.

N U M B E R S Salary → Even at an IIM, if you are at the bottom, your salary will not be an envy of many people!

Rules of Thumb..4 4. Most of the times, quality of B-school is inversely proportional to the size of the Ads! Did you understand this one?

Rules of Thumb..5

5. When in doubt,

Some Common Refrains • I can’t waste one year, so I should join whichever B-school admits me. • If I do not crack CAT this year, it means I am incapable of cracking it. • Since I have a ‘gap’ year, I cannot make it to a good B-school. • All ‘CAT’ institutes are better than all ‘MAT’ institutes. • Since work experience can give me an edge, I should get a ‘fake’ experience certificate to enhance my chances of success.

Last Words … • Selecting a B-school for yourself is possibly one of the most important decisions in your life, … almost as important as getting married. • Would you therefore go by what others say … or invest enough time and efforts in deciding which B-school to join? • Why not visit the B-school yourself, speak to the students, faculty members and decide … Whether you like to spend your two years there? Invest enough time & efforts before deciding

Institute Ranking How do we do it? 3. Inputs from T.I.M.E. students across the country 4. Discussions amongst all T.I.M.E. centres 5. Reviewed every year

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B-school Ranking ( Only full-time programmes ranked )

Top 10 World class, Ivy league, 100% placements

A+ & A Good quality, near 100% Placements

B+ Consistent Quality, Good Placements

B Popular at local level, local placements

C Patchy track record, check thoroughly before applying Total 130 B-Schools ranked. Complete list is available on T.I.M.E. website ( All the rankings within a category are in alphabetical order ) We care for your

The Top 10 •

Faculty of Mgmt Studies, Delhi: FMS - FT ( Own test )

2.

IIM Ahmedabad - PGDM, PGDM-ABM, PGPX

3.

IIM, Bangalore - PGDM

4.

IIM, Calcutta - PGDM, PGDCM, PGPEX

5.

IIM, Indore

6.

IIM, Kozhikode

7.

IIM, Lucknow - PGDM, PGDM-ABM

8.

Indian School of Business, ( ISB ), Hyderabad ( GMAT )

9.

SP Jain Instt. of Mgmt and Research, Mumbai ( CAT/XAT? )

10.

XLRI, Jamshedpur – BM & PM+IR ( XAT ) ( All the rankings within a category are in alphabetical order ) We care for your Career

S P Jain, Mumbai PG Courses 2. PGDM 3. Executive PGPM ( one-year programme )

"A+" Category 1.

Indian Instt of Foreign Trade (IIFT), New Delhi ( Own test )

2.

IIT, Delhi: MBA & MBA - Telecom ( JMET )

3.

Institute of Mgmt Technology - IMT, Ghaziabad* ( CAT )

4.

Jamnalal Bajaj Instt. of Mgmt Studies (JBIMS), Mumbai ( M-CET / MAT / CAT )

6.

MDI, Gurgaon: PGPM ( CAT )

7.

N M Instt. of Mgmt Studies, Mumbai: MBA - Core ( NMAT )

8.

NITIE, Mumbai: PGDIM ( CAT? )

IMT Ghaziabad MBA Courses 2. PGDM 3. PGDM – Finance 4. PGDM – IT 5. PGDM – HR 6. PGDM - IB

NMIMS, Mumbai ( deemed university ) MBA Courses • • 3. • • • 7.

MBA ( Pharma ) - Two years WE mandatory MBA ( CAPITAL MARKETS ) with BSE (Two years WE mandatory ) MBA ( ACTURIAL SCIENCE ) ( Min 80% marks in Maths in XII, if not with Engg/Science/Eco background ) MBA ( GLOBAL BUSINESS ) - Two years WE mandatory MBA ( RETAIL MANAGEMENT ) MBA ( SERVICES MANAGEMENT ) – Two specialisations available: Hospitality and Healthcare Management MBA ( Core )

"A" Category • • • • • • • • • •

Bharathidasan Institute of Mgmt, Trichy ( CAT 87.45 ) Dept. of Financial Studies ( DFS ), Delhi: MFC Course ( Own test ) FMS, Delhi: MBA – MS Course ( Own test ) Fore School of Management, Delhi ( CAT ) Goa Institute of Management ( GIM ), Goa ( XAT 84.5 ) IIFT, Kolkata ( Own test ) Indian Instt of Social Welfare & Bus. Mgmt, Kolkata ( CAT 83 ) Indian Institute of Technology (IIT), Kanpur ( JMET ) Indian Institute of Technology (IIT), Kharagpur ( JMET ) Indian Institute of Technology (IIT), Chennai ( JMET )

"A" Category •

Institute for Financial Mgmt & Research ( IFMR ), Chennai ( CAT )

•

Institute of Rural Management ( IRMA ), Anand ( Own Test )

•

International Mgmt Institute (IMI), New Delhi ( CAT – 93.65 Final )

•

K.J. Somaiya Instt of Mgmt Studies, Mumbai ( CAT – 91/84.33 )

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Lal Bahadur Shastri Instt. of Mgmt Studies, Delhi ( CAT 89.65 )

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MDI* Gurgaon: PGPM – HR & IM Programmes ( CAT )

•

Mudra Instt. of Communication ( MICA ), A’bad ( XAT / CAT 90+ )

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Symbiosis Centre for Mgmt and HRD (SCMHRD), Pune ( SNAP )

•

T. A. Pai Management Institute (TAPMI), Manipal ( CAT )

20.

Xavier Institute of Management (XIM), Bhubaneswar ( XAT )

“B+” Category 1. Amrita School of Business, Coimbatore ( CAT ) 2. Birla Institute of Mgmt Tech. ( BIMTECH ), NOIDA ( CAT ) 3. Chetna's R. K. Inst of Mgmt., Mumbai ( M-CET ) 4. Deptt. Of Mgmt Studies, Pune ( PUMBA ) ( M-CET ) 5. Great Lake Instt. Of Mgmt ( GLIM ), Chennai ( GMAT ) 6. ICFAIN Business School, Gurgaon ( IBAT ) 7. ICFAIN Business School, Hyderabad ( IBAT ) 8. Indian Institute of Science, Bangalore ( JMET ) 9. Institute of Mgmt Devp. & Research ( IMDR ), Pune ( CAT ) 10. Institute of Tech & Mgmt ( ITM ), Navi Mumbai ( CAT )

“B+” Category 11. Kirloskar Instt. of Adv. Mgmt Studies, Harihar ( CAT ) 12. Loyola Instt. of Bus. Admin, Chennai ( XAT 91 ) 13. National Instt. of Technology (NIT), Trichy ( ATMA ) 14. Nirma Instt. of Mgmt, Ahmedabad ( CAT 88 Final ) 15. S P Jain, Dubai Campus: One-year programme ( GMAT ) 16. SDM Institute of Management, Mysore ( CAT ) 17. Sydenham Institute of Management, Mumbai ( M-CET ) 18. Symbiosis Instt. of International Bus., Pune ( SNAP ) 19. University Business School ( UBS ), Chandigarh ( CAT 90+) 20. Welingkar Institute of Mgmt, Mumbai ( CAT )

“B” Category • 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15.

Alliance Business Academy, Bangalore ( CAT / MAT ) BIM, Bangalore ( CAT ) Birla Instt. Of Technology, Mesra, Ranchi ( CAT ) Christ College, Bangalore ( MAT ) Delhi School of Eco., Delhi - MIB & MHROD (Own test ) Hyderabad Central University ( HCU ), Hyderabad ( CAT ) ICFAIN Business School, Navi Mumbai ( IBSAT ) ICFAIN Business School, Bangalore ( IBSAT ) Indian Institute of Forest Management, Bhopal ( CAT ) Indian Institute of Planning & Mgmt, Delhi ( Own ) Indian Institute of Technology, Roorkee ( JMET ) Indian School of Mines (ISM), Dhanbad ( CAT ) IMT, Nagpur ( CAT ) IMT, Dubai ( CAT ) IPE, Hyderabad ( CAT )

“B” Category 16. 17. 18. 19. 20. 21. 22. 23. 24. • 26. • 28. 29. 30.

MBE - Delhi University ( Own test ) Osmania University College of Business Mgmt ( CAT ) Pondicherry Central University ( CAT ) PSG Institute of Mgmt, Coimbatore ( TANSET / MAT ) School of Management Studies, Varanasi ( CAT ) School of Comm & Mgmt Studies, Cochin ( CAT/MAT ) SIES College of Mgmt Education, Mumbai ( M-CET ) Sri Ram College of Commerce: MBA-GBO, Delhi ( Own ) St Joseph College of College, Bangalore ( XAT ) Symbiosis Instt of Mgmt Studies, Pune ( SNAP ) Symbiosis Inst. of Mass Communication, Pune ( SNAP ) Symbiosis Institute of Telecom Mgmt, Pune ( SNAP ) Symbiosis Instt of Science & Technology, Pune ( SNAP ) Xavier Instt of Mgmt and Entrepreneurship, Bangalore ( MAT/XAT ) Xavier Instt. of Social Sc., Ranchi ( XAT 55 / MAT 650 )

“C” Category East • • •

Army Institute of Management, Kolkata ( CAT ) Globsyn Business School, Kolkata ICFAI Business School (IBS), Kolkata ( IBAT )

North • • • • • • • • • •

Amity Business School, New Delhi ( MAT / Own test ) EMPI Business School (EMPI), New Delhi ( CAT ) Indian Institute of Finance (IIF), New Delhi ( CAT ) Indian Institute of Tourism & Travel Management, Gwalior ( CAT ) Institute of Integrated Learning in Mgmt (IILM), Noida ( CAT ) Jagan Institute of Management Studies (JIMS), Delhi ( MAT / IP ) New Delhi Institute of Management (NDIM), Delhi ( CAT/MAT ) NIILM Centre for Management Studies, New Delhi ( CAT / MAT ) IP University, Delhi Times School of Marketing, Delhi ( one-year course )

“C” Category South • • • • • • • • • • • • • •

Badruka Institute of Foreign Trade, Hyderabad ( IIFT test ) Department of Management Studies, Anna University, Chennai Gitam Institute of Foreign Trade (GIFT), Vizag ( IIFT test ) ICFAI Business School (IBS), Chennai ( IBAT ) Indian Business Academy (IBA), Bangalore ( CAT ) Institute of Business Management & Research (IBMR), Bangalore Institute of Technology & Management (ITM), Bangalore (CAT) Institute of Technology & Management (ITM), Chennai (CAT) International School of Business and Media (ISBM), Bangalore International School of Management Excellence (ISME), Bangalore M.S. Ramaiah Institute of Management, Bangalore ( MAT ) School of Management (SMS), Cochin University Siva Sivani Institute of Management (SSIM), Hyderabad ( MAT ) Xavier Vignana Jyothi Institute of Management (XVJIM), Hyderabad

“C” Category West • • • • • • • • • • • •

B. K. School of Business Management, Ahmedabad ( GCET ) Bharatiya Vidyapeeth, Pune ( Own test ) ICFAI Business School (IBS), Ahmedabad ( IBAT ) ICFAI Business School (IBS), Pune ( IBAT ) Indian Institute of Modern Management (IIMM), Pune Indira Institute of Management, Pune MIT School of Management (MITSOM), Pune National Institute of Banking and Management (NIBM), Pune National Insurance Academy (NIA), Pune NL Dalmia Instt of Mgmt Studies & Research, Mumbai ( MCET ) Sadhana Centre for Mgmt and Leadership Devp, Pune ( Own ) Symbiosis Institute of Operations Management (SIOM), Pune

MBA Entrance Exams & B-schools taking < 50%* ► MAT - School of Communication & Management Studies (SCMS), Cochin - Siva Sivani Institute of Management (SSIM), Hyderabad - Christ College, Bangalore - EMPI, Delhi

► XAT* - Siva Sivani - XISS, Ranchi - XIMB - XLRI

► IIFT – Delhi & Kolkata ► IIPM, Delhi * 2007-09 MBA session data

Best of Luck!