Get Answers on Test Preparation, Admissions & Campus Life
Study Abroad Countries
How prestigious is JBIMS as a college when we look at all of the India rankings? It doesn’t have very good ranks when I Google the best MBA colleges in India. Is NMIMS better than JBIMS?
JBIMS' overall ranking on Google is impacted by its infrastructure, as the current building is a 1965 construction. However, the construction of a new state-of-the-art facility at Kalina is underway, which will improve JBIMS' ranking in terms of infrastructure.
In terms of return on investment, JBIMS stands out as you pay only 2 lakhs for the entire course and receive an average placement package of 18 LPA. This is a better return than many other top B-Schools, including some IIMs.
JBIMS boasts a strong alumni network, industry-expert faculty, and an ideal location, which are all factors that contribute to its success.
When comparing JBIMS to NMIMS, it can be said that JBIMS is a better choice, with a lower fee structure, a better return on investment, a strong alumni network, and a more experienced faculty. Additionally, JBIMS has a smaller batch size of 120 students, which makes it easier for the college to place its students in top companies.
Has anyone left JBIMS for FMS? If yes, then why?
I have seen many people forgo offers from MDI, JBIMS, and even IIM Bangalore just for FMS Delhi. There are a number of reasons pertaining to why people make this decision. Some have been listed below
- Brand: FMS is one of the oldest MBA colleges and boasts a rich legacy and elaborate alumni base. It has given birth to many Managerial talents over the last decades and is a brand in itself. No doubt JBIMS is a good college but it cannot be compared with the brand name of FMS.
- Location: FMS boasts of a good locational advantage being situated in the heart of the country, Delhi. You can enjoy a lifestyle very similar to that of DU. Also, the budding startups and MNCs in nearby industrial areas like Gurgaon and Noida consider FMS the first choice for recruitment.
- Fees: The most distinguishing feature of FMS is its highly affordable fees in contrast to the hefty fees of other top B Schools. The fees are almost 1/10th of any other top B School while the placements are as good or even better than these B Schools thereby ensuring a spectacular ROI.
So your first choice has to be FMS unless you are willing to go for the Finance sector. In that case, JBIMS being situated in the Finance capital is a much better choice.
How tough is getting into JBIMS?
It certainly is quite tough to get into JBIMS, especially for the full-time MMS Program. I’ve r the last few years JBIMS witnessed 3 admission procedures
Percentile required 99.5: Initially followed an admission procedure that included CET (200) + GD (17) + PI (17) + Past Academic Record (2) + Work Experience (2). This procedure was discontinued around 2012. Only 120 students were allotted a seat out of 10000 and the percentile required was around 99.5.
Percentile required 99.85: This admission procedure did not include the GD-PI round and the admission was done solely on the basis of a written test. This was a book for candidates who had average academic backgrounds and were very excellent in written English. However, this process could not focus on soft skills and other aspects of the candidate's profile so were discontinued.
Autonomous Procedure: The current procedure is an autonomous one wherein the CAT/CET scores are considered along with GD PI WAT rounds. The weightage given to the written test has been reduced so as to enable candidates with lower percentile like 98.9 to get a chance too. They can prove themselves in the GD-PI round and hence make it into JBIMS. Approximately from every GE one candidate gets admission. One may think this is easy when in reality the competition is extremely tough due to the quality of the candidates. Each one of them is talented in one or the other areas and gives an edge to the other. There is no safe score as one may not get in even after scoring 99 percentile whereas one may get admitted even with 98 percentile. It all depends on your overall profile.
Which one is better among JBIMS and FMS, Specifically for Finance/Consulting?
FMS Delhi is one of the oldest MBA colleges and attracts highly qualified individuals every year. Its rankings and placement statistics are living proof of its legacy and excellence. At no single aspect does JBIMS give an edge to FMS. Owing to its outstanding performance in delivering management talent every year, it attracts top firms for recruitment and the best candidates. The CAT cutoff gives an edge to the top IIMs and thereby causing great competition. The absence of a state/regional quota also ensures that students don’t have to compromise on quality and merit. Let’s discuss some more points where FMS gives an edge to JBIMS thereby proving its worth.
- Location: FMS is located in the National Capital of India whereas JBIMS is located in the Finance Capital. Being situated in the National capital FMS has professors that are linked to the political sector of the country. This is beneficial for domains of Finance and Consulting.
- Placements: Although many companies that visit JBIMS, visit FMS too, the number and quality of roles offered to vary. Also, JBIMS lacks offers from international companies like Deutsche Bank, Goldman Sachs, Bank of America, and Royal Bank of Scotland that offer IB roles in FMS. After analyzing the placement reports you can see that no significant Corporate Finance Roles have been offered at JBIMS.
- Consulting: Almost every firm that visits JBIMS, visits FMS too. But FMS enjoys additional offers from top firms like BCG and Avalon consulting offering strategic consulting roles. FMS also enjoys the participation of Cognizant Business Consulting, Infosys Management Consulting, and Capgemini.
- General Management: The domain of General Management is better at FMS than JBIMS. This is because the big names in the sector like TAS, Airtel, and Mahindra do not visit the campus of JBIMS
- Clubs and committees: There are many student-driven bodies at FMS, the” Finance Society, and the Consulting Club that offer assistance and additional skills and knowledge in the respective fields.
- Finance Lab: FMS is the 3rd Business School in India that has established a Finance club with 12 Bloomberg terminals facilitating applied research in financial markets and equipping finance students with research insights, concepts, theories, and best practices in financial markets.
All these features combined make FMS one of the best schools and definitely a better choice than JBIMS.
What is the fee structure of JBIMS for an MBA?
The fees structure of JBIMS for the MMS program is as follows
- Master in Management Studies (M.M.S.) Finance: INR 3,05,000/Yr
- Master in Management Studies (M.M.S.) (Human Resource Management): INR 3,05,000/Yr
- Master in Management Studies (M.M.S.)- Operations: INR 3,05,000/Yr
- Master in Management Studies (M.M.S.)- Marketing: INR 3,05,000/Yr
The total course fee for the MMS course of JBIMS is INR 6.05 lakhs. Students pursuing this program must pay an amount of INR 3.05 lakhs in the first year and INR 3 lakhs in the second year.
How are IIM A students different from students of, say, SP Jain, NMIMS, FMS or JB?
The peer pool of IIM Ahmedabad varies from that of other B-schools like SP Jain, FMS, and NMIMS because of the admission criteria and quality of intake. The majority of the IIM Ahmedabad batch comprises performing students with CAT percentile almost touching 100 percentile. and most of them got close to the 100 percentile in CAT and they get opportunities to study business studies in IIM A, B, and C. Very few students get into IIMs through the process of diversification only if they scored more than 80 percent grade in Xth, XII th and Graduate Examinations. The other B schools like SP Jain, FMS, NMIMS, or JB don’t have such strict criteria and the peer pool comprises students from diverse academic profiles rather than just top CAT rankers.
This is the major point of difference between the two kinds of B Schools. As a result of this, IIM Ahmedabad students are offered better placement opportunities at the global level than these average B-schools.
Why is JBIMS and not IIM A or XLRI, known as the “CEO Factory of India”?
It can be affirmatively stated that JBIMS is considered one of the best business schools in India. The trio of IIM A/B/C holds a distinct brand value compared to other top colleges in the country and globally. The brand recognition and respect of the IIM institutes have increased due to its status as an "Institutes of National Importance" and the widespread accomplished alumni base both in and outside of India.
JBIMS boasts an impressive list of notable alumni, including Vinita Bali, the Managing Director of Britannia, Lalita D. Gupte, Chairperson of ICICI Venture Funds Management Company, and Chanda Kochhar, Managing Director & CEO of ICICI Bank, India, just to name a few. Moreover, the Managing Directors and CEOs of some of India's largest companies such as ICICI, HUL, Kotak Mahindra, and Piramal are alumni of JBIMS.
What is your review of Jamnalal Bajaj Institute of Management Studies?
Jamnalal Bajaj Institute of Management Studies, JBIMS is a prestigious business school that has four major advantages. These return on investment, alumni network, location, and faculty.
Return on investment is a key factor that sets JBIMS apart from other institutes. You can complete the entire course by paying only 2-3 lakhs, and the average placement is around 18 LPA.
JBIMS is located in Mumbai, a city that is home to many corporate headquarters. This makes it convenient for students to interact with top companies and increase their chances of getting a good placement.
The faculty at JBIMS consists of industry experts who have extensive knowledge and experience in top management positions. They provide students with an invaluable opportunity to learn from their experiences and expertise.
JBIMS has a strong alumni network, which is one of its defining characteristics. As one of the oldest institutes in the country, JBIMS has a vast network of alumni who are well-established in their careers. However, one area where JBIMS lags behind is infrastructure.
The current campus building is old, but there are plans for a campus renovation and JBIMS has been allotted land near Kalina. In the near future, this factor is expected to be overcome. In conclusion, JBIMS is a top-notch institute with several advantages, and if the infrastructure is ignored, it would receive a 5/5 rating.
Do graduates from IIMs and JBIMS get the same salary in MBB?
It is important to understand that MBB, a Management consulting firm operates on a level playing field when it comes to career development and opportunities. Regardless of one's background, the only determining factor for success at MBB is one's performance within the firm. The company values hard work, dedication, and results above all else, which is why your alma mater will not have any impact on your salary, career trajectory, or the type of work you are assigned.
This emphasis on the performance of graduates from IIMs and JBIMS over external factors is a unique aspect of MBB and demonstrates the company's commitment to providing equal opportunities for all its employees. The company recognizes and rewards those who have the skills, drive, and determination to excel in their roles, regardless of where they come from.
In conclusion, it is essential to understand that your alma mater, whether it is IIM or JBIMS, holds no weight in determining your salary in MBB. The focus is solely on individual performance, and the company is committed to providing equal opportunities for all its employees.
How much do the top B-schools like the IIMs FMS, MDI, XLRI, SP JAIN, JBIMS, IIFT, and NITIE inflate their placement reports?
In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.
CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.
Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:
- Amazon:
Fixed component: 9 lakhs
Year 1 end retention bonus: 2 lakhs
Year 2 end retention bonus: 1.5 lakhs
ESOP: 5 lakhs to be paid over 3 years
Performance bonus: separate/not reported CTC: 17.5 lakhs
Take-home salary: 65-70k
- Goldman Sachs:
Fixed component + Variable component: 14.5 lakhs
Relocation: 2,00,000 INR (one-time payment)
Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)
CTC: 20 lakhs
Take-home salary: 95-98k
- RBS India Development Center (Royal Bank of Scotland back-end):
Fixed component: 9 lakhs
Variable component: 10-20% of a fixed component
CTC: 10.8 lakhs
Take-home salary: 65-68k
As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.
SUBSCRIBE TO OUR NEWS LETTER
