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B-school Selection - 2012

Some Quick Facts

No. of B-schools in India2500+

No. MBAs graduating every year150,000+

Total Number of aspirants: 3,00,000+

Programs offered

Two-year degree or diplomaBy far the most common

programFull time residential program*

Three-year part-timeMost suited for Working

professionals

One-year executive programFully residential program Middle management executives

Correspondence

2 year programsCommonly referred to as

MBA - DegreePGPM - DiplomaPGDBM – Diploma

Batch Size30 - 900

SpecializationFinance, Marketing, HR, Operations, IT

Sectoral programsRural Management

IRMA

Foreign TradeIIFT

Personnel Management & Industrial Relations

XLRI, TISS

CommunicationsMICA

Operations & Supply Chain NITIE, SIOM

Selection Process

Two-stage processWritten testGD & PI

Weightage Written test: 40-60%GD: 10-20%PI: 10-20%Work Experience: 5-20%Past Academic Record: 10-

15%-

Selection Process –

Some MythsMyth # 1Work-Ex is a MUST to get a GDPI

callMyth # 2

– All B-schools have sectional cutoffs

Myth # 3GDPI is an Elimination round

Myth # 4Lack of Good Acads is a hindrance

to final selection

- 5 IIMs – 0% (IIM Shillong, Ranchi, Raipur, Trichy, Udaipur)

- 4 IIMs – 20 to 30% (IIM Ahmedabad, Calcutta, Lucknow, Kashipur)

- 4 IIMs – 0%

(IIM Ahmedabad, Indore, Shillong, Rohtak)

- 3 IIMs – 7-8%

(IIM Calcutta, Lucknow, Kashipur)

- 5 IIMs – 11-15%

(IIM Kozhikode, Ranchi, Raipur, Trichy, Udaipur)

Weight to Acads & Workex @ IIMs*

For final selection

For Interview shortlist

* based on criteria for admission into 2012-14 season

Parameters to Select the Right

B-SchoolPlacementsQuality of FacultyQuality of StudentsInfrastructureImage of InstituteLocation of Institute

Placements

• Placement should not be the sole criterion

• Average Salary– Misleading– Not every student gets the average!– Some will get higher than average and some lower

• Placement also depends on your performance in the placement interview

• Not all B-schools give completely accurate information about placements

Quality of students

• Learning at a B-School happens from•Faculty•Fellow students

• Best institutes attract the best students!!

Image of the Institute

• Brand-name matters– Alumni network– Instant recall– Positive association

• Better placements– Ability to attract top notch companies

• Value of management degree/diploma depends on the reputation of the institute

Location

•Location doesn’t matter for the top institutes

•Location impacts the lower rung B-schools– Quality of placements

• Institutes in metros have an advantage over same category B-schools in small towns

– Attracts the best faculty• More for visiting faculty

– Quality of assignments/project• Ability to impress potential recruiters

What to consider before applying to B-schools ?

1. Budget2. AIMCAT performance3. Expected performance in written test4. Interest/specialization in some cases

SOME THUMB RULES

Thumb Rule - 1Tougher to get admission → better the B-school

Quality of B-school →Ease of Adm

ission

Low High

Thumb Rule - 2

While you ‘naturally’ want to get into the best B-school, they also want the ‘best’ of students!

Quality of B-school →Q

uality of students

Low highLow

Thumb Rule - 4

Most of the times, quality of B-school is inversely proportional to the size of the Ads!

B-school selection - FAQs

How many B-schools should I apply to?

Depends on your budget

Apply to B-schools in three ‘Category’• Around 25% of budget : Better than expected percentile category B-

schools • Around 60% of budget : Expected percentile category B-schools• Around 15% of budget : Lower than expected percentile category B-

schools (Safety Net)

B-school selection - FAQs

B-school rankings & surveys

Don't believe in everything you read!

Authenticity of surveys done by different publications?

Depends on

– Sample Size– Non-participation of institutes

Many good B-schools don't participate in the B-school Rankings done by agencies/magazines– Knowledge of people involved

B-school selection - FAQs

• How to check B-school claims• Personal visit, websites• Actual placements - salaries & designations• Speak to people on ground - alumni/current students

• Should I select a B-school looking at the specialization/sector I am interested in?

Yes, if you are interested in specific areas like Advertising, Rural Management etc.No, if the interest is in general areas like Finance, Marketing etc. Management etc. Here, A better B-school will be better in all areas including specializations & sectors

• Salary statistics: average, highest, lowest• Should I believe in the figures quoted in the media? • Check ‘Mandatory Disclosure’ on B-school's website

B-school selection - FAQs

If I do not get into an institute of my choice, should I try again?• It can differ from person to person• Depends on a host of factors• Consult Us!

At what current AIMCAT percentile can I get into a ‘Top 30’ B-School? Approx. Eighty-five

- The top 30 B-schools require a CAT percentile in 90s - Your CAT percentile is expected to be higher than your AIMCAT percentile as more serious CAT aspirants are AIMCAT takers as compared to the large base of CAT takers

B-school selection - FAQs

How important is the course fee in deciding the B-school?Top rung B-schools : Not important Lower rung B-schools : Important for B-schools in same grade as not

much to differentiate in other parameters

How do I finance my studies? Bank loans Top rung B-schools: Do not require Collateral & Guarantor Lower rung B-schools: Require Collateral and/or Guarantor

Should I apply only to those near my place since I do not wish to stay far away from home?

No

T.I.M.E.'s B-school Ranking

• Made keeping the interest and needs of students in mind

• For complete guidance to students

• Is done on the basis of actual facts & figures

• Is done taking the actual picture on-ground & discussing with current students/alumni

• Is not biased/influenced

• Is not done looking at false claims & statistics made available by some B-schools as a marketing tool

• Multiple rounds of checking done at every level to ensure correctness & authenticity of data used for rankings

T.I.M.E.'s B-school Ranking

• Methodology

– Inputs from the B-school's Admissions Committee, Placements Committee & Director of the B-school

– Inputs from current students/alumni of the B-school

– Inputs from T.I.M.E. students across the country

– Discussion among all T.I.M.E. centers

– Comprehensive review every year

B-school ranking (by category)

'Top 10' category• World class, Ivy league, Star placements

'AAA' & 'AA' category• Good quality, Good placements

'A' & 'BBB' category• Consistent quality, decent placements

'BB' & 'B' category• Decent placements for the top students

'Others' category. Popular at local level, local placements

Top 10 (in alphabetical order)

Faculty of Management Studies (FMS), Delhi

Indian Institute of Management, Ahmedabad (IIM-A)

Indian Institute of Management, Bangalore, (IIM-B)

Indian Institute of Management, Calcutta (IIM-C)

Indian Institute of Management, Indore (IIM-I )

Indian Institute of Management, Kozhikode (IIM-K)

Indian Institute of Management, Lucknow (IIM-L)

Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai

Management Development Institute, Gurgaon (MDI)

Xavier Labour Relations Institute (XLRI), Jamshedpur

'AAA' category (in alphabetical order)

Indian Institute of Foreign Trade (IIFT), New Delhi

Indian Institute of Management, Raipur

Indian Institute of Management, Ranchi

Indian Institute of Management, Rohtak

Indian Institute of Management, Shillong (IIM-S)

Indian Institute of Technology, Bombay (IIT-B)

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

National Institute of Industrial Engineering (NITIE), Mumbai

S. P. Jain Institute of Management & Research (SPJIMR), Mumbai

Tata Institute of Social Sciences (TISS), Mumbai (only for those interested in HR)

'AA' category (in alphabetical order)Indian Institute of Foreign Trade (IIFT), Kolkata

Indian Institute of Technology (IIT-M), Madras

Indian Institute of Technology, Delhi (IIT-D)

Institute of Management Technology (IMT), Ghaziabad

Institute of Rural Management (IRMA), Anand (only for those interested in Rural management/Agri-business management)

International Management Institute (IMI), New Delhi

Mudra Institute of Communication (MICA), Ahmedabad (only for those interested in Advertising/Marketing)

Symbiosis Centre for Management and Human Resource Development (SCMHRD), Pune

Symbiosis Institute of Business Management (SIBM), Pune

Xavier Institute of Management (XIMB), Bhubaneswar

'A' category (in alphabetical order)

Bharathidasan Institute of Management (BIM), Trichy

Delhi School of Economics (DSE), Delhi

Department of Financial Studies (DFS), University of Delhi, South Campus, New Delhi

FORE School of Management, New Delhi

Indian Institute of Technology (IIT-K), Kanpur

Indian Institute of Technology (IIT-KGP), Kharagpur

Indian Institute of Technology (IIT-R), Roorkee

K. J. Somaiya Institute of Management Studies, Mumbai

Sydenham Institute of Management Studies and Research and Entrepreneurship Education, Mumbai

T. A. Pai Management Institute (TAPMI), Manipal

'BBB' category (in alphabetical order)Birla Institute of Management Technology, NOIDA

Goa Institute of Management (GIM), Goa

IISWBM, Kolkata

Institute for Financial Management and Research (IFMR), Chennai

Lal Bahadur Shastri Institute of Management, Delhi

Loyola Institute of Business Administration (LIBA), Chennai

National Institute of Technology (NIT), Trichy

Nirma University Institute of Management (NIRMA), Ahmedabad

NMIMS Bangalore

Osmania University (OUCCBM), Hyderabad

SIBM Bangalore

Sri Ram College of Commerce, MBA-GBO, Delhi

Symbiosis Institute of International Business (SIIB), Pune

University Business School (UBS), Chandigarh

Welingkar Institute of Management, Mumbai

'BB' category (in alphabetical order)Welingkar Institute of Management, Bangalore

Xavier Institute of Management and Entrepreneurship (XIME), Bangalore

Christ College, Bangalore

Indian Institute of Forest Management (IIFM), Bhopal

Amrita School of Business (ASB), Coimbatore

ICFAI Business School (IBS), Hyderabad

Hyderabad Central University (HCU), Hyderabad

NL Dalmia Institute of Management Studies & Research(NLDIMSR), Mumbai

SIES College of Management Studies, Mumbai

Institute of Technology & Management (ITM), Mumbai

Chetna's R.K. Institute of Management studies & Research, Mumbai

SDM Institute for Management Development (SDM-IMD), Mysore

Institute of Management Technology (IMT), Nagpur

Symbiosis Institute of Operations Management (SIOM), Nasik

BITS PILANI

Symbiosis Institute of Management Studies (SIMS), Pune

Symbiosis Institute of Telecom Management (SITM), Pune

Symbiosis Center for Information Technology (SCIT), Pune

Dept. of Commerce and Management Studies, University of Pune (PUMBA), Pune

Faculty of Management Studies, BHU, Varanasi

'B' category (in alphabetical order)

Thakur Institute of Management Studies & Research

Amity Business School, New Delhi

B.K. School of Business Management, Ahmedabad

Balaji Institute of Modern Management, Pune

Department of Management Studies, Anna University, Chennai

FOSTIIMA, New Delhi

Indira Institute of Management, Pune

Institute of Management Development and Research (IMDR), Pune

Institute of Public Enterprise (IPE), Hyderabad

Lala Lajpatrai Institute of Management

M.S. Ramiah Institute of Management, Bangalore

MET's Institute of Management, Mumbai

MIT School of Management, Pune

MNNIT Allahabad

National Institute of Banking and Management, (NIBM), Pune ..contd

'B' category (in alphabetical order)..contd

National Insurance Academy, Pune

NIT-Calicut

Pondicherry Central University (PCU), Puducherry

PSG Institute of Management, Coimbatore

R A Podar Institute of Management, Jaipur

Rizvi Institute of Management Studies & Research

Rajagiri College of Social Sciences-School of Management, Cochin

School of Communication & Management Studies (SCMS), Cochin

School of Management(SMS), Cochin University of Science & Technology, Cochin

Vignana Jyothi Institute of Management, Hyderabad

XISS, Ranchi

'B' category (in alphabetical order)

Thakur Institute of Management Studies & Research

Amity Business School, New Delhi

B.K. School of Business Management, Ahmedabad

Balaji Institute of Modern Management, Pune

Department of Management Studies, Anna University, Chennai

FOSTIIMA, New Delhi

Indira Institute of Management, Pune

Institute of Management Development and Research (IMDR), Pune

Institute of Public Enterprise (IPE), Hyderabad

Lala Lajpatrai Institute of Management

M.S. Ramiah Institute of Management, Bangalore

MET's Institute of Management, Mumbai

MIT School of Management, Pune

MNNIT Allahabad

National Institute of Banking and Management, (NIBM), Pune ..contd

'Other B-Schools' category

The colleges listed under this category may be found to be lacking in one or more of a)

Infrastructure b) Industry Interface c) Faculty d) Alumni Network e) Curriculum f)

Placements.

However these colleges are better than the hordes of others which do not feature in our

list altogether.

You are hence advised to get thorough information about these colleges before taking any

decision regarding them. You may visit these colleges, speak with their current students

and alumni before deciding on taking admission into any of them.

'Other B-schools' category (by region)North

Asia-Pacific Institute of Management, Delhi

Bharati Vidya Bhavan's Usha and Lakshmi Mittal Institute of Mgmt, Delhi

Bhartiya Vidyapeeth University, Institute of Mgmt and Research, Delhi

Fortune School of Business, New Delhi

ICFAI B-School, Gurgaon

Indian Institute of Tourism and Travel Management, Gwalior

Master School of Management, Meerut

NDIM, New Delhi

NILM Center for Management Studies, New Delhi

University of Petroleum & Energy Studies

University School of Management Studies - Indraprastha University, Delhi

'Other B-schools' category (by region)West Bharatiya Vidyapeeth, PuneICFAI B-School, AhmedabadICFAI B-School, MumbaiIES Management college and research centre, MumbaiSadhana Center for Management and leadership Dvpmt (SCMLD), PuneSymbiosis Institute of Mass Communication (SIMC), PuneSymbiosis school of banking management, PuneVivekanand Education Society's Institute of Management Studies & Research, MumbaiXavier Institute of Management & Research, Mumbai

East

Army Institute of Management, KolkataBirla Institute of Technology (BIT), Mesra, RanchiGlobsyn, KolkataIndian School of Mines (ISM), DhanbadNIT Durgapur

'Other B-schools' category (by region)

South

Alliance School of businessBadruka College – Post Graduate Center, HyderabadDhruva college of managementGitam School of International Business ( GSIB ), VisakhapatnamIFIM Business SchoolIndian Business Academy ( IBA ), BangaloreKIAMS, HariharMANAGE (For those interested in Agri-Business/Rural Management only)NIT SuratkalNIT WarangalRajagiri College of Social Sciences-School of Management, CochinSiva Sivani Institute of Management, HyderabadSSN School of Management & Computer Applications, ChennaiSt Joseph's College of Business AdministrationVIT Business School -Vellore

Institute of Management Development and Research (IMDR), Pune PuneChrist University Bangalore

PES Institute of Technology Bangalore

Indus Business Academy (Formerly Indian Business Academy-IBA) Bangalore

Institute of Business Management & Research (IBMR), Bangalore BangaloreSt Joseph's College of Business Administration Bangalore

IFIM Business School BangaloreM.S. Ramiah Institute of Management, Bangalore Bengaluru

Institute of Technology & Management (ITM), Chennai Chennai

School of Communication & Management Studies (SCMS), Cochin CochinSCMS School of Technology & Management Cochin

Rajagiri Business School Cochin

Rajagiri College of Social Sciences-School of Management, Cochin CochinPSG Institute of Management, Coimbatore Coimbatore

University of Petroleum & Energy Studies DehradunJagan Institute of Management Studies Delhi

Institute of Management Studies Ghaziabad Birla Institute of Management Technology Greater Noida

GL Bajaj Institute of Management & Research Greater NoidaInstitute of Public Enterprise Hyderabad

Badruka Institute of Foreign Trade (BIFT), Hyderabad HyderabadVignana Jyothi Institute of Management, Hyderabad Hyderabad

SIES College of Management Studies, Mumbai MumbaiInstitute of Technology & Management (ITM) Navi Mumbai

NILM Center for Management Studies, New Delhi New DelhiFOSTIIMA, New Delhi New Delhi

Amity University (Amity Business School) NoidaJaipuria Institute of Management (JIM ), Noida Noida

Audyogik Shikshan Mandal's IBMR PuneGitam School of International Business (GSIB) Vishakhapatnam

AIMCAT %ile Top 10 AAA AA A BBB BB B Other Good B-Schools

95+ 4-5 3-4 2-3 1-2        

90-95 2-3 3-4 2-3 1-2        

80-90 1-2 2-3 3-4 2-3 1-2      

70-80 1-2 2-3 3-4 3-4 2-3 1-2  

60-70   1-2 3-4 2-3 2-3 2-3 1-2

50-60   1-2 3-4 2-3 2-3 2-3

30-50         1-2 2-3 2-3 4-5

<30           1-2 1-2 5-6

 

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