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Is MBA waste of time?
Pursuing an MBA is certainly not a waste of time in fact it is considered as an investment due to the salary packages offered to MBA graduates by top companies early in their career. The average starting salary package of an MBA graduate ranges from 12-15 LPA and the highest being 20-40 LPA depending on the company and the position you are hired in.
Placement Scenario
An MBA degree takes precedence over any other postgraduate degree.
- MBA has a 100% placement record.
- The highest salary package offered is 20-40 LPA.
- The average salary package offered is 12-15 LPA.
- Top companies like Deloitte, Morgan Stanley, Nestle, Asian Paints, Saint Gobain, Wipro, Berger Paints, Phillips, McKinsey and Company, HSBC, Yes Bank, etc. hire MBA graduates.
Return on Investment (ROI)
MBA also being a costly course provides a good Return On Investment (ROI).
- The efficiency of an investment is determined by the measurement and comparison of the ROI.
- The MBA course graduates can get higher salary packages offered to them.
- They get a raise or hike in 10 years considering the long term salary projections.
- Students opting for an Executive MBA are working and are in the process of pursuing the degree, so the salary earned will also be included when calculating ROI, making it a profitable subject.
- The highest salary package offered to MBA graduates can rise from 48 LPA to 70 LPA in India.
Thus, pursuing MBA is not a waste of money or time if you invest your dedication in it well. To achieve something big one has to go through a number of steps before reaching their destination. In pursuing MBA also students have to be focussed and determined to complete their degree for better career prospects or opportunities. It helps one to learn how to organise themselves and synchronize it with the roles and responsibilities.
Is it preferable and possible to do a CFA along with an MBA in Finance if I take admission in IIM Bodh Gaya?
It is possible to pursue the Chartered Financial Analyst (CFA) certification in conjunction with an MBA degree from IIM Bodh Gaya, as well as other certifications such as Financial Risk Manager (FRM), Financial Modeling and Valuation Analyst (FMVA), Certified Business Continuity Analyst (CBCA), Certified Market Surveillance Analyst (CMSA), National Institute of Securities Markets (NISM), and National Stock Exchange's Certification in Financial Markets (NCFM).
Whether or not it is preferable to pursue the CFA certification alongside an MBA in Finance is a matter of personal preference. Like other IIMs, IIM Bodh Gaya has a rigorous curriculum and pedagogy. If you are able to make time outside of committee and club activities and studies and are willing to sacrifice some sleep, pursuing these certifications can greatly enhance your resume and increase your marketability in the job market. However, it is also a high-risk, high-reward decision. Even if you do not pursue these certifications, IIM Bodh Gaya will still provide you with attractive job offers if you put in the effort.
Which is better, bootcamp or an MBA from new IIM (Udaipur, Trichy) to switch to data analytics? I have a 3 years work experience as a QA engineer.
I will give you an insight into both the options you mentioned, i.eMBA from IIM or Bootcamp.
Bootcamp: If you are very passionate about Data Analytics then Bootcamp is the best option for you. I deem this course better than an MBA from B School as a B School covers various arenas of Management while Bootcamp solely focuses on what you are looking for. Moreover, you will end up paying hefty fees and will have to pay loans for years. It provided a detailed approach to Data Analytics and you don’t have to study irrelevant topics
B School: B schools like the new IIMs are good for people who are not certain of their career interests. In that case, B-school would teach you much more than Data Analytics, and then you can pursue the field you excel in or are most passionate about. The excellent pedagogy of IIMs enables you to inculcate skills like handling a project, building a workforce, execution, etc. Basically, you are groomed on an overall basis and get industry exposure as well.
I have seen many people pursuing MBA and also online courses that offer Certification in Data Analytics specifically. So that is also a viable option for you.
With 4 years of experience, which college is good for an MBA in marketing - XLRI, Jamnalal Bajaj, ISB or Great Lakes?
XLRI is considered among the best Management institutes in India and is at par with IIM Ahmedabad, Bangalore, and Calcutta. Great Lakes does not come under the same class as XLRI, Jamnalal Bajaj, or ISB therefore it should be considered as the last option.
- If you want to finish your degree in 1 year or do the 1 year PGP then ISB will be the best choice without a doubt.
- ISB’s 1 year PGP course is better recognized by industries compared to XLRI’s GM.
- XLRI requires at least work experience of 5 years which you don’t currently possess.
- If you plan on doing a 2-year course then XLRI will be the best opportunity among the given options.
- XLRI’s BM course is known throughout the world and is also considered the best HR course in all of Asia.
- Jamnalal Bajaj is somewhat difficult to get into because it has got fewer seats and has reserved seats for various categories.
- Not only that, it has maintained the name in the top 10 B schools of the country consistently for the past few years.
Therefore, XLRI would be the first choice for Marketing as it comes in the top 5 B-schools and is very well recognized.
What are the options available for an MBA graduate from IIM to settle in Visakhapatnam?
Your job prospects are directly related to your line of specialization and the related opportunities available. It all depends on the companies whose requirements match your profile.
Many small cities and towns still lack job prospects for an MBA graduate even if he has the degree of an IIM. So it’s better you grab the best opportunities during the final placements itself. After that, depending on your performance you can climb the ladder and avail a plethora of job opportunities.
So if you are planning to settle in Visakhapatnam your prospects are a little bleak because it is a small city.
What are the final placement highlights of the current MBA Batch 2021-2023?
The AACSB-accredited K J Somaiya Institute of Management has seen a significant increase in the number of recruiters and job offers for its large 2021–2023 class of 614 students. 171 recruiters visited campus, with 40 of them being new recruiters. The highest salary package offered was INR 22.50 LPA. Students received an average salary of INR 12.23 LPA. The median salary stood at INR 12.47 LPA.
The institute's average salary for the top 100 offers, 200 offers, and 300 offers was 15.73 LPA, 14.42 LPA, and 13.84 LPA, respectively.
Among the principal offers made, the students have received job offers from industrial sectors like BFSI, consulting, IT & ITES, manufacturing, and FMCG.
Is MBA free in Canada?
No, MBA in Canada is not free. But many reputed universities in Canada offer affordable MBA courses. You can easily choose decent universities to pursue an MBA without compromising on the quality of education. As per the fee trends of top business schools in Canada, an MBA degree will cost around 34,000 CAD to 255,000 CAD.
Here are some of the affordable Canadian universities that you can consider for MBA.
- University of Alberta - INR 17.8 lakhs/year
- Memorial University of Newfoundland - INR 3.9 lakhs/year
- University of New Brunswick - INR 7 lakhs/year
- University Laval - INR 9.2 lakhs/year
- University of North British Columbia (UNBC) - INR 10.1 lakhs/year
Other than that, you can also opt for many popular scholarships available for MBA students in Canada. You have the option to work while studying as well.
What is going to be a better option among the following B schools - VGSOM, new IIMs (Ranchi, Trichy, Raipur), or NMIMS?
When it comes to choosing a business school, the competition is fierce and the options can be overwhelming. Three institutes that are considered to be among the top in the country are the Vinod Gupta School of Management (VGSOM) at IIT Kharagpur, the Indian Institute of Management (IIM) Ranchi, and the Narsee Monjee Institute of Management Studies (NMIMS).
If you are interested in an operations profile, then VGSOM is a great choice. It is considered to be one of the best institutes in the country for operations specialization, after NITIE. Additionally, the return on investment (ROI) is high. IIM Ranchi, on the other hand, may have a lower average package compared to the other two institutes, but it has the prestige of the IIM tag and a decent profile. The hostels are also fabulous, with single rooms available for students.
NMIMS is considered to be more costly and the batch strength is over 500 students. The top 150-200 students get superb packages and roles that are at par with other top B-schools, however, the next lot of students may have a lot of start-ups, etc. If you want to play safe, VGSOM or IIM Ranchi might be the best option.
However, if you are willing to take a risk, NMIMS might be a good choice as the profiles there are really good. It's ultimately up to you to decide which institute aligns best with your career goals and objectives. Rest assured, whichever institute you choose, you will be choosing a great institution as all three are among the top institutes in the country.
Why should I go for an MBA in K J Somaiya?
Being a B-School, K J Somaiya College will offer you everything that you are looking for in a college.
- Academically you will get access to a comprehensive curriculum along with Howard case studies. This will help you in understanding and learning practices.
- The faculties of the college are very experienced and are experts in their subject.
- You will find various kinds of databases, journals, and research papers in the library. This college also has a state of art library with a Bloomberg tab.
- You will also get various kinds of sports facilities like a badminton court, tennis court, Olympic size athletic track, basketball court, cricket field, and table tennis court. There is a gym as well.
The placement statistics at K J Somaiya is as follows:
|
Percentage of students placed |
99% |
|
Highest CTC offered |
INR 27.5 LPA. |
|
Average CTC offered |
INR 10.05 LPA. |
|
Total recruiters |
170 |
|
Top recruiters |
Ambuja Cement, HDFC bank Daimler and Minex Metallurgy. |
The location of the college is very good. You will get almost everything on the campus. You may not get enough sleep due to academic rigor. You will always find yourself busy in preparation for some competitions or examinations.
Will I regret joining IIT Roorkee for MBA leaving IMT, IMI, TAPMI?
IIT Roorkee will never be an option that you’ll regret. Here are some reasons why getting an MBA from an IIT like IIT-R is considerably different from getting one from a business school like XIMB or Tapmi.
- Infrastructure: Modern labs, classrooms, libraries, and other spaces were made available. Both the hostel's amenities and the meals at the mess were excellent. Students utilize bicycles to get to the department, which is around 500 meters from the dormitory.
- Placements: 90% of the batch was placed. In 2023 the highest package was INR 27.94 LPA and the average package offered was 18.34 LPA. Top recruiters were KPMG India, Bristlecone, Cognizant, ICICI Bank, etc. There are student exchange programmes with some of the top universities around the world which also is an added perk of studying in this university.
- Faculty: All the professors and assistant professors in the faculty were Ph.D. holders and had good acumen and knowledge.
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