SPJIMR GMP program offers global exposure to students. The GMP partner schools are -
These partner schools have rich alumni bases and are featured regularly in FT Masters rankings.
The major recruiters for SPJIMR GMP are L&T, Nestle, ITC, Deloitte, ITC, etc. There are a few successful entrepreneurs in the house as well.
The GMP program isn’t as recognized as the PGDM program of SPJIMR. But it is a great option, especially if you want to explore the global markets.
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.
If you aren’t sure about the field of specialization, then you should choose XLRI. It is widely reputed for its HR program. The head HR of most of the top MNCs in India are XLRI alumni. It is more reputed and has a large alumni base. XLRI placements are better than SPJIMR. The average CTC for the institute is INR 30.73 LPA.
SPJIMR has a better placement record for Information Management and Operations, compared to XLRI.
This question can be best answered by someone who has had a taste of both campuses. Fortunately one of my friends was lucky enough to move to IIM Ahmedabad after studying for a year at IIM Kozhikode. He shared his experience and the various things that contrasted in both the B Schools.
Faculty: Being the topmost B School, IIM Ahmedabad does attract some of the best faculties that are experts in their fields. They had too much knowledge and experience to impart making the classes a thrilling experience.
Crowd: While the crowd at almost all the good B Schools attracts only the best, IIM Ahmedabad is famous for its exceptionally good peer groups with only geniuses and masterminds in their respective fields.
Academic rigor: Normally B Schools offer a very hectic life with academic pressure combined with placements and clubs and committee activities. But at IIM Ahmedabad the topmost preference is Academics only. You are required to attend 3 lectures of 75 minutes of case study daily. These case studies are extremely lengthy and on average you are required to read 300 pages every day. Such economic rigor is lacking in the case of IIM Kozhikode.
There are several more minor differences between IIM Kozhikode and IIM Ahmedabad but these 3 are the main things an aspirant needs to consider while choosing one of the two B Schools.
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:
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
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
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.
Here are a few possible reasons why SPJIMR placements are better than or equally good as IIMs
It's important to note that these reasons are just based on speculations and it cannot be exactly determined why some placements are better than others.
I am going to address the most common misconception that SPJIMR and SP Jain are somewhat related.
Establishment: SPJIMR was established in 1981 and is associated with the Bharatiya Vidya Bhavan, one of the only two institutes of national importance. SP Jain on the other hand was established in 2005. SP Jain or Sheehan Prasad Jain provided capital for the foundation of SPJIMR during its establishment. Later they decided to launch their own brand in the name of SP Jain. This is the main reason why people get confused between the two.
Campus: SPJIMR is solely Mumbai based and has no other campus whereas SP Jain’s Mumbai campus is one of the 4 campuses of the institute.
Legacy: SPJIMR is 36 years old and has a legacy of providing excellent management education focusing on value-based growth. SP Jain is a relatively new institute that is yet to build some credibility in order to impact the Management scene in India.
Alumni: SPJIMR has a much stronger and broader alumni network than SP Jain.
We can draw the following points of conclusion from this comparison
I hope my answer has cleared all your doubts regarding the relationship between SPJIMR and SP Jain.
To secure admission to top MBA institutes in India, you should aim for CAT percentiles from 85 onwards. Here's the order of the institutes you should target in descending order - IIM K with 97+ percentile, MDI with 96+, IMT Ghaziabad with 90+, SPJain with 85+, and NITIE with as high as possible sectional-wise.
Even though SPJain is a premier institute, it gives a call from the 85 percentile onward, since they focus on overall values that an individual possesses and want students with more values in them. They have 2 group interviews, so they follow a rejection procedure.
NITIE has a sectional cutoff, so it's advisable to have as high as possible sectional-wise, as many people with an overall CAT percentile in the range of 97-98 were not selected in either of their 2 programs(PGDM and PGDIESM) in 2016.
IIM K also has a sectional cutoff of 90+, so it's important to score well in each section.
It's worth noting that these institutes do not have a sectional cutoff, but it's always advisable to have a 90+ sectional percentile to be on the safer side. Aim for high percentile and sectional scores to improve your chances of securing a seat in these prestigious institutes.
I can tell you about my interview experience for IIM Kozhikode.
I am a working professional with three years of work experience in the Ed-tech field. My 10th is 9.4 CGPA, 12th is 80% , both from CBSE, graduation score is 71.2% and I graduated in BBA in 2018 from a college in Indore .
I gave my interview in the afternoon slot (there were a total of three slots, morning, afternoon, and evening, the morning slot is best).
The interview was in online mode (due to covid). First, they asked me to verify my official ID cards. There were two people taking my interview, one male and one female.
They started by asking about my hobbies, I told them about gyming and cricket, and the male interviewer started asking me about cricket. He asked me who scored the maximum t20 runs in the previous year, what reverse swing is, top five bowlers who could bowl reverse swing. Then they started asking me about the firm in which I worked, the valuation of the firm, its reputation, the work culture, the future of the industry, who the CEO is, and all.
Then the next person started asking me questions from my undergrad, and I wasn't able to answer the question related to that. She seems a little unsatisfied with my answers.
I was waitlisted at the end and could not be able to convert the college.
SPJIMR is a better B-School. It has a unique curriculum and pedagogical approach. The institute offers learning opportunities beyond the classroom. There are practical-oriented courses such as PG lab and Design Thinking courses. These courses will help you get industry-ready. Faculty base of the institute is great. Most of the faculty members have years of experience in the corporate world.
NMIMS has a huge intake of around 600. The large batch size causes problem during placements. SPJIMR has a batch strength of around 250. So, each student gets decent chances in placements. According to the recent highlights of SPJIMR placements, students receive an average CTC of INR 30 LPA.