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What Students Say JAM speaks to students who graduated in 2003 to give their own gyaan on choosing B schools: From Delhi A ‘03 MDI graduate: While comparing B schools, the most important factor that several miss out on is whether the school accepts a differential salary. What this means is Levers will have a 7 lakh package for the IIMs and a 3 lakh package for Goa Institute of Management. The only non IIMs that don’t entertain differentials are FMS, XLRI, Bajaj, SP Jain and MDI. For Delhi, FMS and MDI will be a class above. FMS has a lot of history backing it. I would rate the placements as very good. A lot of foreign banks go there. But the greatest problem is that the infrastructure is pathetic… Bajaj like. MDI has awesome faculty and infrastructure, if you want to major in marketing, the placements are very good. Levers, Nestle, Marico, Asian Paints, Reckitt, Whirlpool, Samsung, etc were all there. But if someone wants to do Finance, there are no consultancies or MNC banks. Till a larger no of IIT students come to MDI, we won't get such companies". IIFT comes in next but it seems more specialised. They had decent placements last year. IMI had poor placements. The Amitys and the Fores of the world cater to that fraternity who want to do an MBA but don’t believe in written tests, interviews to put it crudely the bade baap ke bete-beti of Delhi. (A Fore guy who’s joined as a management trainee in my organisation drives to work in a Honda City...). Besides I think while choosing a B school, one must look at respect the school will command two years from now (when one graduates) so MDI (because it’s on an upward spiral) and FMS (very stable) are good bets. Gautam Varshney, Student at IIFT Delhi IIFT had a placement of 100% with an avg salary of Rs 5.5 lakhs and some foreign placements. The IIFT ranking in BW is surprising (we were ranked no 7 by Cosmode last year) but then you see IIM Indore ranked no 23 which I find hard to believe. The Outlook ranking seemed more credible to me. Nikhil Hariharan, LBIMS graduate 2003 I got into Somaiya in Mumbai but chose to go to LBS., Delhi because I wanted to do my MBA in a city other than my hometown. In the past 2 years, LBS has come up in a big way, the hard way. The students really toiled to get companies on campus. We formed teams that visited companies in different cities, hosted an HR meet etc. In 2003, 90% were placed at an avg salary of Rs 2.5 lakhs. Cos that came included Bajaj Allianz, Cafe Coffee Day, Berger Paints. Ed’s note: LBS is one of the schools which few have “heard about” but which fared well in the rankings this year. From Mumbai K Kiran, 2003 NMIMS graduate. The last time NMIMS participated in a B school ranking, it was placed 27th which I think was unfair. It should be in the top 15. That could be the reason they did not participate this year. NMIMS had pretty decent placements last year with an avg salary of Rs 4.5 lakhs, and almost all students getting placed by the end of the year. I would rank the Mumbai institutes as SP Jain, NITIE, SOM, Bajaj and NMIMS (in that order). Vaijyanti, Welingkar 2003 Graduate With its new campus and infrastructure, placements at Welingkar have taken a big leap. This year, students are overall happy with the offers, esp. the marketing types. Farhan, ITM grad ‘03 The highest salary on campus was Rs 13 lakhs by a Pune based consultancy which picked up 1 person. The average salary Rs 2-2.5 lakhs and approx 85% of the students were placed by Feb-March. Ed’s note: Like LBS, ITM too has fared very well in this year’s rankings A ‘03 Chetana graduate says: The 2nd oldest mgmt institute after JBIMS (21 years old) and with very distinguished alumni, it has not been able to capitalise on its strengths due to very laidback management. Somaiya and Welingkar - institutes started after Chetana - are now well ahead of it. SIES: Campus placements are improving, but there’s still some way to go. Being in Nerul, attracting good visiting faculty is a problem. MET: The great location (Bandra reclamation) and impressive building floor many prospective students. But, only 1 floor with 4-5 classrooms is used for the MBA course. It is reported that there was only 1 placement during the official placement week. Most students get placed through their own contacts. Many are still looking..... IES: The placement cell's credo is reported to be: "First let us get placements and then we'll see about the rest......" Rizvi: The deputy director is reported to be very dynamic. The placements exist but % of students placed and salaries are both very low. Somaiya: A good institute which attracts very good companies but placing a batch of 280 is not easy. Ruchi Agrawal, IIMM Pune IIMM is a good institute but suffers because of lack of infrastructure currently (it is operating from a rented building). I believe last year there was 95% placement with avg salary being abt Rs 2-2.5 lakhs.
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