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What is the selection procedure of FMS, Delhi?
The entire selection procedure of FMS Delhi has 4 stages.
- Application
- Initial shortlisting
- Final Selection
- Result Declaration
Let’s go through the details of each stage.
Application
To get admitted to FMS Delhi, students must submit an online application and complete out an online registration process on the website of FMS Delhi. After registration pay INR 1,000 application fee in the following section.
Initial Shortlisting
The candidates are initially shortlisted based on their CAT percentile.
The cutoff of general category for the academic year 2022-2024 is as follows
Number of seats: 10
Number of shortlisted candidates: 707
Composite Score: 53.581
Final Selection
The final selection of candidates is based on Discussion on the Statement of Purpose, Extempore and Personal Interview. The various parameters considered and their respective weightage is as follows
|
Criteria |
Weightage |
|
CAT |
50 |
|
Class 10 |
10 |
|
Class 12 |
10 |
|
GD |
10 |
|
Extempore |
5 |
|
PI |
15 |
An additional 5 marks will be awarded to the Women Candidates who appear for the Interview.
Result Declaration
Based on the above weightage a list of final candidates is prepared according to the availability of seats. The final results are declared after this.
Is ISB better than IIM A/B/C and FMS Delhi?
My uncle is an alumnus of IIM Calcutta and also an ex-employee of ISB. So I asked him about the same. He told me that the faculty of IIM Calcutta focuses on the overall development of students and not just academics. They prepare you for the life ahead and not just for exams or placement. ISB on the other hand due to its short duration course is unable to cope with this aspect. Also, the fees of ISB are much more than that of IIMs. The only merit is that it saves you a year as the flagship program at IIMs is two years.
So ISB is a good choice for you only if
- You are looking for a course of shorter duration
- You are okay with spending a lot of money
- You value the degree more than what you learn from it
Both the institutes are world-class and therefore not much comparison can be drawn from them.
Is it true that FMS Delhi puts absolutely no weightage on academics
FMS Delhi is one of the few top B-schools of the country that gives the lowest weightage to the past academic record of candidates.
The table below shows the various parameters and their respective weightage that are taken into consideration for final selection into FMS Delhi.
|
Criteria |
Weightage |
|
CAT |
50 |
|
Class 10 |
10 |
|
Class 12 |
10 |
|
GD |
10 |
|
Extempore |
5 |
|
PI |
15 |
An additional 5 marks will be awarded to the Women Candidates who appear for the Interview. From the table, we can infer that very little (10%) weightage is given to class 10 and 12th marks. And graduation scores are not considered at all for final selection. This means 80% of your application score is still under your control and you can harness it to the fullest extent and get selected.
How was your interview experience at IIM, FMS, MDI, XLRI, SP JAIN, NMIMS, SIBM, SCMHRD, etc. being from a commerce background ?
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.
How come there are so many IAS toppers from FMS Delhi University?
- Low fees relieve the burden of student loan repayment and allow students to take risks.
- Low academic rigor and plenty of time to study for civils.
- Very helpful and encouraging faculty members who will motivate you to join services over high-paying IB or consultancy jobs.
- Being in Delhi makes it easier to obtain all the necessary study materials.
- Interaction with other stream DU students in mixed hostels is beneficial.
- The allure of Lutyens Delhi draws you into civil service.
- Exposure to and interaction with a variety of serving and retired bureaucrats.
- Having the opportunity to study at such a low cost motivates you to directly contribute to nation-building while foregoing high-paying jobs.
- Most importantly, if you take management as an optional, you have a better chance of scoring well because the syllabus of the UPSC management exam, question paper pattern, and examiner's taste align well with our FMS faculty.
- FMS is more well-known in the Delhi NCR area than L, I, and K, giving you a good reputation and a head start in UPSC interviews.
How is FMS, Delhi for Finance specialization?
FMS Delhi is largely called the Marketing Campus of India owing to its excellent Marketing specialization. But this does not mean that its Finance department is poorly specialized. FMS provides great opportunities to its Finance students as well.
Faculty
The finance faculty conducts such amazing classes that even non-finance students are able to grasp the concepts easily. The pedagogy includes class discussions and case studies.
Finance Society of FMS Delhi: The Finance Society of FMS Delhi or FinSoc is an active body available 24/7 to clear all your doubts, aid you in preparing for placements, and exams and even help you perform in Corporate Competitions.
Alpha Investment and Research Club: This cell aims at converting your theoretical knowledge into practical lessons. This practical approach is possible through quality research, and knowledgeable sessions that help in understanding the nuances of investing and trading.
Placements
This year the finance domain received 30 placement offers and 11 pre-placement offers. The roles offered included Front End Investment Banking, Corporate Finance, Wealth Management, etc.
The major recruiters that came from the finance sector included Bharti Enterprises, ICICI Bank, HCL, HSBC, Axis Bank, and Crisil.
So FMS is not just a marketing campus but also specializes in Finance.
What are the selection criteria and the minimum CAT score needed in FMS Delhi?
For the second round, FMS issues approximately 2800 calls, 1000 of which are for the general category and the remainder for the various other categories. The criteria for making a call are based entirely on CAT. That is why CAT plays an important role in getting a call, and this is a boon for those who do not have good graduation scores because there is a 10% weightage to 10th&12th marks in the final score and no weightage to graduation marks.
To be called, an aspirant must score at least 99 percentile in the general category and 95 percentile in the reserved category for students.
The weightage given to the various sections of CAT when making a call is as follows:
Quant - 30%
DILR - 30%
English - 40%
The fees for a two-year program have been raised slightly; it is now around 2 lakhs for a two-year course, which is still on the low side.
The final weightage of the score is as follows: CAT - 60%, GD - 10%, PI - 15%, 5% extempore, 5% for the tenth score, and 5% for the 12th grade.
Which one is better MBA from FMS Delhi or IIT Delhi?
It is not a brainer that an MBA from FMS Delhi is a much better choice than IIT Delhi. IIT Delhi's MBA program is not even close to that if FMS and both are poles apart. If you want your MBA degree to be valuable enough to shape your career drastically, FMS is the one for you.
Here are a few pointers as to why I am so strongly in favor of FMS Delhi:
Ranking: One of the most valued ranking systems, IIRF ranks DMS IITD MBA 14 out of 44 colleges in India while FMS is ranked 5 out of 44 colleges in India in 2023.
Fees: IIT Delhi offers MBA at around INR 10.4 Lakhs (for 2 years) while FMS has very low fees of around INR 96,000 per year. This is almost 1/4th of the fees of the MBA program offered at IIT Delhi despite being way ahead in terms of brand value.
Placements: Being one of the premier B-schools in the country, it offers excellent placements that almost par with the top IIMs and its placements are nowhere comparable to IIT Delhi’s placements.
|
Particulars |
FMS Delhi |
DMS IIT Delhi |
|
Highest package |
INR 1.23 CPA |
INR. 36.70 LPA |
|
Average package |
INR 34.1 LPA |
INR 21.90 LPA |
|
Median package |
INR 31 LPA |
INR 20.60 LPA |
|
Top sectors |
Consulting, Marketing |
Sales & Marketing, Strategy & Consulting |
|
Top Recruiters |
Accenture Strategy, Airtel, Amazon American Express, Bain & Co, BCG etc |
Rockwell Automation, Texas Instruments, ICICI, Optum, Medtronic, GE Healthcare |
ROI: One does not even need to think twice before saying that FMS Delhi offers a much higher return on investment than IIT Delhi with much lower fees and placement opportunities notches higher.
Many times people forgo offers from top IIMs just for FMS because of no financial burden.
Which company offers 66 Lakhs salary in FMS Delhi MBA placements and what was the domain profile?
It may seem inappropriate to reveal the recruiter's name, but the company was a bulge bracket investment bank and is a regular recruiter at FMS Delhi.
It only hires from the country's Top 3 Business Schools for its coveted front-end Investment Banking position. The company only hires through the summer placement process from three Indian business schools whose Finance curriculum, practical exposure, and candidate quality meet the company's high expectations, which include a salary of INR 66 LPA.
The company typically hires candidates with Outstanding academic records from Old IITs/BITs/CAs/Top Commerce Colleges and conducts interviews that can be very challenging, especially when focusing on the candidate's business and financial intellect. Interns who can manage an 80-100 hour work week during their summer internship while consistently delivering high-quality analysis, ideas, and presentations are offered a Pre-Placement offer for their coveted Front End Investment Banking role. During the two-month summer internship, the company pays a stipend of Rs 2 lakh per month.
Which is a better college between IIFT/SP Jain/XLRI and FMS in terms of placements and students?
IIFT, SP Jain, XLRI, and FMS all four institutes are reputed and counted among the top B-Schools in India. For these institutes, your preference order should be as follows.
FMS>IIFT>XLRI>SP Jain
This ranking is based on different parameters such as academics, placements, ranking, faculties, student crowd, etc. FMS offers the best ROI. According to the recent placement highlights, the average CTC for the institute is INR 32.4 LPA. While FMS Delhi fees are around INR 1.92 Lakhs.
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