VGSOM - Vinod Gupta School of Management IIT, Kharagpur

VGSOM, a Business School extension of IIT Kharagpur's engineering college, offers 2-year MBA degrees and 3-year post-graduate MBA degree and P.hD curriculums to thousands of deserving students each year.

Keeping up with the campus drive of the last 5 years, the college recorded 100% placements for students of the 2018-2020 batch. More than 130 offers across IT, Manufacturing, BFSI, and E-commerce sectors were received by eligible graduates. The institute is ranked 6th by the prestigious NIRF ranking.

Overall Placement:

• Over 70 recruiters participated in the campus drive, driving talent from VGSOM.

• The packages vary from 10 LPA to 30 LPA, each year.

• Each bath has 128-130 students, with all of them receiving reasonable offers each year.

• From the 2018-2020 class, the highest package rose up to 29 LPA, with the average being set at 18.1 LPA.

2018-2020 Placement:

The 2018-2020 placement cycle set many records in terms of package offerings and student acceptances.

• The batch achieved 100% placement in terms of internships and job offers, with the highest stipend being 2.9 LPA, and an average setting up to 1.07 LPA.

• Over 70 recruiters pooled talent from the class of 2020.

• Deloitte, Ford, Nissan, Google, PwC, and Amazon count among the top recruiting class.

• In the academic year of 2018-2020, the placement cell saw an upward trend, with the highest CTC being INR 29 LPA.

• INR 9.55 LPA was the minimum offer attracted by qualified graduates.

• The median CTC of the top 25% of the 2020 batch is INR 23.2 LPA.

• The median CTC of the rest of the class is INR 16.99 LPA.

VGSoM runs an extremely sophisticated placement cycle, and positions such as Sales Management, Business Analyst, IT Consulting, Product Management, Financial Advisory, IT Consulting, and Business Advisory are offered in each academic cycle. Considering the handsome Fee to Package ratio, VGSoM is pretty good at placement.

VGSoM is a Business School, focused solely on offering full-time residential management degrees available in various streams, as opposed to NMIMS, which expands to offering UG, PG, and diploma degrees in law, Commerce, Engineering, Arts, and Science degrees to thousands of students each year.

Here are some highlights of both of these universities.

Admission Criteria:

Both of these universities follow merit-based admissions, from scores determined by entrance exams and written tests.

VGSoM, IIT KGP: MBA aspirants are required to have a graduation degree along with CAT exam scores.

NMIMS, Mumbai: MBA aspirants are required to score 50% in their graduation degree and have the NMAT entrance exam scores.

Infrastructure:

VGSoM, IIT KGP:

• VGSoM campus is a part of the 2100 acre IIT KGP hold, settled in the heart of the city.

• The campus houses massive classrooms, computer & IT labs, auditorium, cafeteria, hostel, sports complex, among other basic amenities.

NMIMS, Mumbai:

• NMIMS is housed with a new campus with world-class amenities and state of the art technology, stretching across its 3,50,000 square feet campus.

• The new campus has a 10-story building, housing 60 classrooms, a massive library, conference rooms, placement hall, examination hall, and other offices.

Placement:

VGSoM, IIT KGP:

• Over 70 recruiters participated in the campus drive, driving talent from VGSOM.

• The packages vary from 10 LPA to 30 LPA, each year.

• From the 2018-2020 class, the highest package rose up to 29 LPA, with the average being set at 18.1 LPA.

NMIMS, Mumbai:

• NMIMS holds annual placement drives with a success rate of 100%.

• As per the recent cycle, the highest package offered to students was 30.37 LPA, whereas the average salary package offered to students came up to approximately 17.97 LPA.

• Bank of America, Deloitte, Vedanta, Accenture, Amdocs, Aditya Birla, and Google are some of the highest paying companies pooling talent from NMIMS every year.

All the institutes run a tight ship and deliver great results, given the atmosphere. Here, VGSoM has a better edge when it comes to Management degrees. Students must consider the college with the best Return on Investment ratio and teaching environment.

With admissions into colleges like Vinod Gupta School of Management (VGSoM) and Shailesh J. Mehta School of Management (SJMSOM), ranking 5th and 10th respectively on the prestigious NIRF chart, students get a chance to be a part of an unmatched academic legacy. Currently, there are 20 IIMs in India. Achieving a slot in the most competitive programs in the entire country is indeed prestigious.

• IITs have brought down their fee structure to ranging between 2-8 lakhs, making it affordable for students from all walks of life.

• Out of the 23 IITs of India, seven offer MBA courses. All of these colleges find a remarkable ranking in prestigious chartings.

• As per the NIRF-MHRD, IIT Delhi, IIT Bombay, and IIT Kharagpur rank in the top ten MBA institutes of India.

Eligibility:

• Aspirants are required to clear the eligibility for individual institutes such as Written Tests, Group Discussions, and Personal Interviews.

• The admission process is similar for all of these colleges, but the programs, fee structure, and placement cycles are different.

• Each IIT Management college offers the flexibility to choose the electives and specialization in their courses.

Placement Opportunities:

• The IIT ecosystem offers students immense consulting and research opportunities.

• The average salary offered by IITs ranges from 11 LPA to 12 LPA, as opposed to the average fee being 8 LPA.

• Amazon, Bank of America, KPMG, McKinsey, JP Morgan Chase, and Wipro are some of the top recruiters of the IIT Management placement drive.

Colleges like VGSOM are prepared to offer a better course catalog, backed with a handsome placement cycle, hence they are worth the investment.

Out of the seven streams of MBAs offered by VGSOM, finance stands out for its excellent placement record and practical tutoring.

As NIRF ranks VGSOM at 5th place in its overall ranking of Management program, it can be said with affirmation that the institute is excellent in its finance coursework and teaching.

Here are some reasons to support this.

Admission:

VGSOM offers two classes of the course MBA and Executive MBA.

• There are 140 seats in each batch, a portion of which is reserved for the finance students.

• The entrance for both is done through the Written Aptitude Test (WAT) and Personal Interview (PI).

The MBA fee in VGSoM for the first year is INR 521,900.

????Infrastructure & Faculty:

• VGSoM campus is situated at the extension of the 2100 acre IIT KGP hold, settled in the heart of the city.

• The campus houses massive classrooms, computer & IT labs, auditorium, cafeteria, hostel, sports complex, among other basic amenities.

?????Placement:

• The campus invites over 70 recruiters for participation.

• In the latest placement cycle, the highest package offered was 29 LPA, and the average package offered was 18 LPA/

• Across all streams, the package varies from 10 LPA to 30 LPA each year.

In the two-year MBA course-work offered by VGSoM, aspirants aiming for a degree in Finance need to look no further and lock VGSoM as their top choice.

VGSoM is ranked 5th in the prestigious NIRF ranking for its management program, whereas IIM Rohtak nabs its 21st position. While VGSoM has positioned itself as a premium Business School in 2020, IIM Rohtak has been overtaken by a crowd of other IIMs, due to lack of funding and exposure.

Academics:

• While VGSoM offers a traditional 2-year full-time MBA degree and 3-year Executive MBA.

• IIM Rohtak offers PGP, Executive PGP, and IPM (Integrated Program in Management), a five-year integrated course, covering bachelor and graduate framework.

• VGSoM offers an MBA as a two-year course at a fee of INR 12,22,200 Lakhs.

• IIM Rohtak charges INR 4,95,000 Lakhs for the first year of the IPM course. The course fee for PGPM is 16 lakhs for 2 years.

Infrastructure & Facilities:

VGSoM:

• VGSoM campus is situated at the extension of the 2100 acre IIT KGP hold, settled in the heart of the city.

• The campus houses massive classrooms, computer & IT labs, auditorium, cafeteria, hostel, sports complex, among other basic amenities.

IIM Rohtak:

• The college campus is sprawled over 200 acres of land, accommodating more than 20 buildings designated for each other's respective purposes.

• The classrooms are air-conditioned and well-furnished with audio-visual arrangements and proper lightning.

• The campus has 24-hour electricity available, with separate Wi-Fi zones and LAN privileges.

• The college has affordable, separate hostels for boys and girls.

Placements:

VGSoM:

• Over 70 recruiters participated in the campus drive, driving talent from VGSOM.

• The packages vary from 10 LPA to 30 LPA, each year.

• From the 2018-2020 class, the highest package rose up to 29 LPA, with the average being set at 18.1 LPA.

IIM Rohtak:

• The college has a placement rate of 100%.

• Over 90 distinct companies pool talent from the college, with a number of variable recruiters going as high as 40.

• The highest package offered in the most-recent academic cycle is INR 24 LPA.

• The average salary offered is an impressive INR 13.7 LPA.

• Companies such as ICICI Bank, CDE Asia, Microland, IVP, and Arcesium are some of the top recruiters which visit the campus for the placement season.

Both of these colleges outperform the rest of the competition in terms of placements. IIM indeed takes a superior lead when it comes to NIRF rankings. Students must consider the options in terms of infrastructure and facilities. With lowered fees and a stronger placement cycle, VGSoM takes an edge here.

Both the colleges are reputed among students and offer decent ROI, a well-connected alumni network, and good placement opportunities.

Let’s have an overview for both the colleges one by one.

JBIMS:

• The average package offered went up to Rs.22.84 LPA in 2020 from Rs.20.13 LPA last year. The best package increased to Rs.34.36 LPA in 2020 from Rs.32.30 LPA last year. The median salary increased to Rs.22 LPA in 2020 from the previous year.
• The course fee for JBIMS is 7-1.52 lakhs. 
• JBIMS accepts admission through CAT/MH-CET.

VGSoM:

• The average salary rose from Rs.15.50 LPA last year to Rs.23.20 LPA in 2020. The highest pay offered was Rs.20.50 LPA. The median salary increased from Rs.14.76 LPA last year to Rs.16.99 LPA in 2020.
• VGSoM charges around 10 lakhs for MBA.
• VGSoM takes admission based on CAT scores.

JBIMS Mumbai offers MIMS while VGSoM offers MBA. Both the institutes are good.