HOW TO SELECT RIGHT BSCHOOL-06-FINAL

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Choosing a business school for post graduation in India

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Applying to B-Schools

Life as an MBA:

Life as an MBA

B-School Selection:

B-School Selection

Background PG in Management:

Background PG in Management No. of B-schools in India: 1200+ No. MBAs graduating every year: 70,000+ Variety of programmes - Two-year degree or diploma - Shorter 12-15 months programmes - Three-year part-time - Executive programmes: on-line / classroom - Correspondence Specialisation - None - Function: single / dual - Industry

Selection Process/Criteria*:

Selection Process/Criteria* Two-stage process - Written test - GD + PI Criteria & Weightage - Low transparency - Written test: 40-60%* - GD / PI / Work Ex / Bio-data: 10-15%* each * Best Guesstimates

Forced ‘Glasnost’!:

Forced ‘Glasnost’! AICTE has asked the B-schools to make a detailed disclosure B-school Min %ile Selection Criteria BIM, Trichy 87.45 CAT – 50% BIMTECH None CAT – 35%, Graduation % - 20% GD – 20%, PI – 25% IMI 93.65 CAT – 40%, Bio-data-10%, GD-10%, Essay-10%, PI-30% K J Somaiya 89.65 CAT – 50%, GD-12.5%, PI-20%, Acads – 10%, Comm. Skills – 10%, WE – 7.5% LBSIM 89.65 CAT – 60%, Others – 40% MICA 90+ CAT only for short-listing. MICAT – 30%, GD/PI – 70% NIRMA 88 CAT – 70%, GD – 10%, PI – 20%

Forced Glasnost!:

Forced Glasnost! List 2 B-School Min %ile Selection Criteria Fore NA CAT - 35%, Acads + WE – 25%, GDPI – 40% IISWBM 83 CAT-10%, Acad-20%, GD+Extempore-30%, PI-40% SDM, Mysore 69 CAT – 50%, Acads + WE - 20% GD – 10%, PI – 20% GIM 84.5 ( XAT ) XAT-50%,Acads-10%, GD+PI-30%, WE-10% UBS 90+ CAT -85%, GD& PI – 7.5% each.

How to Select the right B-schools:

How to Select the right B-schools ( *for applying )

Criteria:

Criteria 1) Placements

PowerPoint Presentation:

100% placement - myth or reality ? Average Salary figures – need a pinch of salt! Placements “All that glitters is not gold”

Criteria:

Criteria 1) Placements 2) Quality of Faculty

Quality of Faculty:

Quality of Faculty Key Considerations Balanced mix of full-time & visiting faculty Faculty-industry interface Qualifications & Background

Criteria:

Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students

PowerPoint Presentation:

Learning at a Good B-school takes place as much from your fellow-students as from the teachers. Quality of Students Best Institutes get the best students!

Criteria:

Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure

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However, Do not get carried away by the claims regarding infrastructure Quality of Infrastructure While good infrastructure alone does not guarantee great learning but it helps!

Criteria:

Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure 5) Image of the institute

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Image of the Institute Brand matters! Why do we pay a premium for a brand ? Value of the management degree/diploma depends on the reputation of the institute!

Criteria:

Criteria 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure 5) Image of the institute 6) Location of the institute

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Location of the Institute Lion commands respect even outside jungle! But location matters for lesser mortals! Location of the Institute impacts quality of placements and sourcing of the best faculty !

Criteria - Summary:

Criteria - Summary 1) Placements 2) Quality of Faculty Members 3) Quality of Students 4) Quality of Infrastructure 5) Image of the institute 6) Location of the institute

Still Confused?:

Still Confused? Let us try to find answer to the questions by asking some more Questions!

FAQs:

FAQs How many B-schools I should apply to? - Depends on your budget - Suggested number: 10 -12 - Apply to B-schools in more than one ‘band’ 2. Authenticity of Surveys done by different publications? - Sample Size - Non-participation of institutes - Low knowledge of people involved 3. How is B-school ‘X’?

FAQs ( Contd.. ):

FAQs ( Contd.. ) 4. How to check B-school claims - Personal visit, websites, not just companies but salaries & designations too! 5. I need minimum Rs 25,000 per month. Which B- school will give me this? - Take-home or CTC? - Are you looking at the MBA only from short-term or long term perspective? 6. Salary statistics: Average, Highest, Lowest – Should I believe in the figures quoted in the media? - Check ‘Mandatory Disclosure’

Salary Statistics ( 05 ):

Salary Statistics ( 05 ) B-school Average Highest Lowest BIM 4.46 6.5 2.75 Fore 4.6 8.4 3.5 IIFM ( 06 ) 4.2* 8.0 IMI 5.2 7.1 3.5 LBSIM 5.5 8.8 4.2 LIBA 4.63 8.0 2.5 NIRMA 4.12 8.6 SDM 2.66 4.0 1.8

FAQs ( Contd.. ):

FAQs ( Contd.. ) 7. Institutes not having ‘min 50%’ criteria? 8. Any good ‘MAT’ institutes? - Yes, please wait till we get into ranking! 9. If I do not get into an institute of my choice, should I try again or compromise? - Depends! 10. At what NATCAT percentile rank I can hope to get into a ‘top 10’ B-school?

FAQs ( Contd.. ):

FAQs ( Contd.. ) 11. How important is course fee in deciding the B-school? - V. low importance 12. Is there any way I can finance the studies since cost is very high ~ Rs 5 Lakhs? ( Rs 14 L at ISB ) - Yes, bank loans are easily available at good B-schools 13. Should I apply only to colleges in and around Delhi since I do not wish to stay far away from home? - N O

Rule of Thumb 1 :

Rule of Thumb 1 Tougher to get admission → better is the B-school Quality of B-School → Ease of Admission Low high

Rule of Thumb..2 :

Rule of Thumb..2 2. While you ‘naturally’ want to get into the best B-school, they also want the ‘best’ of the students! Quality of B-School → Quality of Students Low high Low

Rule of Thumb..3 :

Rule of Thumb..3 3. ‘Normal distribution’ of salary takes place at each & every B-school, including IIMs. Salary → N U M B E R S

Rule of Thumb..4 :

Rule of Thumb..4 4. Most of the times, quality of B-school is inversely proportional to the size of the Ads! Hope you understand this one!

Rule of Thumb..5 :

Rule of Thumb..5 5. When in doubt, APPLY

Myths & Realities:

Myths & Realities I can’t waste one year, so I should join whichever B-school admits me. If I do not crack CAT this year, it means I am incapable of cracking it. Since I have a ‘gap’ year, I cannot make it to a good B-school. All ‘CAT’ institutes are better than all ‘MAT’ institutes. Since work experience can give me an edge, I should get a ‘fake’ experience certificate to enhance my chances of success.

Last Words …:

Last Words … Selecting a B-school for yourself is possibly one of the most important decisions in your life, … almost as important as getting married, Would you therefore go by what others say … or invest enough time and efforts in deciding which B-school to join? Why not visit the B-school yourself, speak to the students, faculty members and decide … Whether you like to spend your two years there? Invest enough time & efforts before deciding

Institute Ranking :

Institute Ranking Top 10 World class, Ivy league, 100% placements A+ & A Good quality, near 100% Placements B+ Consistent Quality, Good Placements B Popular at local level, local placements ( All the rankings within a category are in alphabetical order ) ( Only full-time programmes ranked )

PowerPoint Presentation:

The Top 10 Faculty of Mgmt Studies, Delhi – FMS - FT & MS ( Own ) 2. IIM Ahmedabad - PGDM, PGDM-ABM, PGPX 3. IIM, Bangalore - PGDM, PGSEM 4. IIM, Calcutta - PGDM, PGDCM, PGPEX 5. IIM, Indore 6. IIM, Kozhikode 7. IIM, Lucknow - PGDM, PGDM-ABM 8. Indian School of Business, ( ISB ), Hyderabad ( GMAT ) 9. Jamnalal Bajaj Instt. of Mgmt Studies (JBIMS), Mumbai ( M-CET / MAT ) 10. XLRI, Jamshedpur – BM & PM+IR ( XAT ) ( All the rankings within a category are in alphabetical order )

PowerPoint Presentation:

"A+" Category Indian Institute of Foreign Trade (IIFT), New Delhi ( IIFT ) IIT, Delhi ( JMET ) - MBA & MBA - Telecom MDI, Gurgaon ( CAT ) - PGPM, PGPM-HR, PGPM-IM Mudra Instt. of Communication, A’bad Narsee Monjee Instt. of Mgmt Studies, Mumbai* ( NMAT ) NITIE, Mumbai ( CAT ) - PGDIM / PGDIE SJM School of Management, IIT, Bombay ( JMET ) SP Jain Instt. of Mgmt and Research, Mumbai ( CAT / XAT ) Symbiosis Instt. of Bus. Mgmt. (SIBM ), Pune* ( SNAP ) TISS, Mumbai - MA ( HR ), MA ( Hospital / Health Mgmt )

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NMIMS, Mumbai Specialised Courses 1. MBA ( PHARMA ) 2. MBA ( CAPITAL MARKETS ) WITH BSE 3. MBA ( ACTURIAL SCIENCE ) 4. MBA ( GLOBAL BUSINESS ) 5. MBA ( RETAIL MANAGEMENT ) 6. MBA ( SERVICES MANAGEMENT )

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"A" Category Bharathidasan Institute of Management, Trichy ( CAT 87.45 ) Fore School of Mgmt, Delhi ( CAT ) Goa Institute of Management (GIM), Goa ( XAT 84.5 ) Indian Institute of Science (IISc.), Bangalore - JMET Indian Institute of Technology (IIT), Kharagpur* - JMET Indian Institute of Technology (IIT), Madras - JMET Institute of Management Technology - IMT, Ghaziabad* ( CAT ) Institute of Rural Management, Anand ( IRMA ) - OWN International Mgmt Instt. (IMI), New Delhi ( CAT – 93.65 ) K.J. Somaiya Institute of Management Studies ( CAT – 93.65 ) Sydenham Instt of Mgmt Studies, Mumbai ( M-CET ) Symbiosis Centre for Mgmt and HRD (SCMHRD), Pune ( SNAP ) T. A. Pai Management Institute (TAPMI), Manipal ( CAT ) University Business School (UBS), Chandigarh ( CAT – 89.65 ) Xavier Institute of Management (XIM), Bhubaneswar ( XAT )

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B+ Category 1. Amrita School of Business, Coimbatore ( CAT ) 2. Birla Institute of Mgmt Tech. ( BIMTECH ), NOIDA ( CAT ) 3. Chetna's R. K. Inst of Mgmt., Mumbai ( M-CET ) 4. Deptt. Of Mgmt Studies, Pune ( PUMBA ) ( M-CET ) 5. Deptt. Of Fin. Studies ( DFS ), Delhi ( MFC ) - MFC 6. Great Lake Instt. Of Mgmt ( GLIM ), Chennai ( GMAT ) 7. Hyderabad Central University (HCU), Hyderabad ( CAT ) 8. ICFAIN Business School, Gurgaon ( IBAT ) 9. ICFAIN Business School, Hyderabad ( IBAT ) 10. ICFAIN Business School, Navi Mumbai ( IBAT ) 11. IIFT, Kolkata Campus ( IIFT ) 12. Indian Institute of Social Welfare and Business Mgmt (IISWBM), Kolkata ( CAT ) 13. Indian Institute of Technology (IIT), Kanpur ( JMET )

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B+ Category 14. Instt. of Mgmt Devp. and Research, Pune ( CAT ) 15. Instt. for Fin. Mgmt and Research, Chennai ( CAT ) 16. ITM Business School, Navi Mumbai ( CAT ) 17. Kirloskar Instt. of Adv. Mgmt Studies, Harihar ( CAT ) 18. Lal Bahadur Shastri Instt of Mgmt, Delhi ( CAT 89.65 ) 19. Loyola Instt. of Bus. Admin, Chennai ( XAT 91 ) 20. National Instt. of Technology (NIT), Trichy ( ATMA ) 21. Nirma Instt. of Mgmt, Ahmedabad ( CAT ) 22. S P Jain, Dubai Campus ( GMAT ) 23. SIES College of Mgmt Studies, Mumbai ( M-CET ) 24. Symbiosis Instt. of International Bus., Pune ( SNAP ) 25. Welingkar Institute of Mgmt, Mumbai ( CAT )

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B Category Alliance Business Academy, Bangalore ( CAT / MAT ) 2. Amity Business School, NOIDA ( Own ) 3. Bharatiya Vidyapeeth, Pune ( M-CET ) 4. B. K. School of Business Mgmt, Ahmedabad ( GCET ) 5. Birla Instt. Of Technology, Mesra, Ranchi ( CAT ) 6. Christ College, Bangalore ( MAT ) 7. Delhi School of Eco., Delhi (Own ) - MIB & MHROD 8. Faculty of Mgmt Studies, BHU, Varanasi ( CAT ) 9. ICFAIN Business School, Bangalore ( IBSAT ) 10. Indian Institute of Forest Management, Bhopal ( CAT ) 11. Indian Institute of Planning & Mgmt, Delhi ( Own ) 12. Indian School of Mines (ISM), Dhanbad ( CAT ) 13. Institute of Public Enterprise (IPE), Hyderabad ( CAT ) 14. Institute of Technology & Mgmt, Bangalore ( CAT ) 15. Institute of Technology & Mgmt, Chennai ( CAT )

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B Category 16. MBE - Delhi University ( Own ) 17. Osmania University College of Business Mgmt ( CAT ) 18. Pondicherry Central University ( CAT ) 19. PSG Institute of Mgmt, Coimbatore ( TANSET / MAT ) 20. R A Podar Institute of Management, Jaipur ( RMAT ) 21. School of Comm & Mgmt Studies, Cochin ( CAT ) 22. SDM Instt for Mgmt Development, Mysore ( CAT) 23. Siva Sivani Institute of Mgmt, Hyderabad ( MAT ) 24. Sri Ram College of Comm., MBA-GBO, Delhi ( Own ) 25. St Joseph College of College, Bangalore ( XAT ) 26. Symbiosis Instt of Mgmt Studies, Pune ( SNAP ) 27. Symbiosis Institute of Telecom Mgmt, Pune ( SNAP ) Xavier Instt of Mgmt and Entrepreneurship, Bangalore ( MAT / XAT ) 29. Xavier Instt. of Social Sc., Ranchi ( XAT 55 / MAT 650 ) 30. Xavier Vignana Jyothi Instt of Mgmt, Hyd ( MAT )

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Best of Luck!

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