SIBM vs NMIMS vs Welingkar

SIBM vs NMIMS vs Welingkar

Looking towards Western India, almost any MBA aspirant will find a plethora of top draw management institutes which rank higher than most others. Setting the standard are some of the best colleges for post graduate management courses in India such as IIM-A and SP Jain and others which follow in the likes of Symbiosis, NMIMS and Welingkar.

SIBM vs NMIMS vs Welingkar

SIBM, NMIMS and Welingkar are easily some of the best private B-schools in India

This particular college/university comparison will focus on the latter three management institutions, SIBM, NMIMS and Welingkar.

Difference in comparing MBA colleges and engineering colleges

After comparing a string of colleges and universities which are primarily popular for engineering, we will be focusing on MBA as the main point of contention.

A point to consider here is the exact difference which comes into play while comparing management colleges.

For one, the standard ascertained for choosing MBA colleges in India is much higher. This is done for one simple reason. As opposed to engineering, MBA is a postgraduate course. For most students applying for MBA, they are looking towards their final years of education. While some students do compromise for UG courses, doing the same for a PG course such as MBA makes little sense.

Another additional factor of concern is the high fee charged by most elite and somewhat ‘less’ elite MBA institutes. Even the IIMs, which are supposed to be government funded and administered colleges tend to command a very high fee. Thus, students are generally choosier when it comes to selecting MBA colleges.

The differences don’t end here. Compared to UG education, a PG degree needs to be much more industry oriented and learning-based. Many colleges in India offer MBA because on paper, there isn’t a lot of institutional cost in offering management based courses. Thus, sieving through the heap of colleges to find the best bet is a tenuous task in itself.

Lastly, many students consider the ROI they will be getting upon spending such a pile of money on an MBA course. If the average placement at a particular B-school does not promise the kind of return an aspirant might be looking for, the aspirant is more likely to pass over that college.

The Factors

Comparisons for MBA colleges are vastly different when placed against B.Tech offering colleges. As we explained earlier, judging B-schools requires a different perspective and insight compared to B.Tech colleges.

Some of the factors mentioned below are usually considered by most students, while others are relatively ignored. Irrespective of these subjective arguments, each factor mentioned from here on represents a valuable tool for students to consider for choosing a B-school.

The factors are listed below:

  1. Alumni review

While we compared engineering colleges and universities in previous articles, one recurring factor was perception. In the case of MBA colleges, the same role is played by alumni reviews.

No one can claim to know a college better than the alumni of the given institute. Infact, the first thing a student does after taking admission in a college is to ask his/her respective senior about the college in question. This instinct is only natural. The only problem here is that students generally ask this question ‘after’ taking admission, and herein stems the problem.

Instead of running after seniors and alumni after taking admission, students should do the same before taking the decision of joining a given B-school. Unlike the college administration and education consultants who will always have good things to say about the given college, seniors and former students will always provide a clear picture of the functioning of the B-school.

  1. Return on Investment/ ROI

Instead of placements, we’ll instead use ROI as the necessary metric to understand the monetary aspect of joining a B-school for MBA education.

Being a two year long course, the average MBA fee over the course of two years should be much lower compared to B.Tech, which is a four year long marathon. However, MBA fee is at most colleges and universities is either equal to or more than B.Tech fee.

Thus, the question of ROI comes into the picture. If a student is willing to spend an amount of over INR 10 Lakh for a two year MBA course, there is bound to be a certain level of expectation which comes attached.

For instance, investing 15 lakhs on a PGDM at IIM-B will be considered by most as a sound investment. However, investing 8 Lakhs on a lower tier B-school will be considered a bad investment.

As a rule of thumb, if you can recover the MBA fee you invested within 2-3 years of finishing the course, the B-School is worth it. For instance if the college fee is 12 Lakhs over two years and a student passing out from the same college is earning a package of 6 LPA, time taken to recover MBA fee is two years. In this case, the college is a good bet for MBA

The table below gives a brief summary of the type of college students should be going for.

Time taken to recover MBA fee

Type of college

<=1 year

The best of the best (IIM-A, IIM-B.,ISB, SP Jain)

1-2 years

Tier 1 (IIM-L, FMS, NMIMS, IMT, MDI)

2-3 years

Tier II (SIBM, IMI, KJ Somayia, Great Lakes)

3+ years

Lowe tier colleges

  1. Industry exposure

Industry exposure simply implies how much focus the given B-school is giving towards training the students for the rigors of the workplace. Management graduates, more than anything, are expected to ‘manage’. Now as to what exactly they end up managing depends on the MBA specialization and job profile they took up.

Generally, colleges offering PGDM courses tend to be more inclined to provide the necessary industry exposure. However in most cases, the level of industry exposure provided is subjective to the university itself.

  1. Specialization

As we mentioned earlier, students tend to be less compromising when it come to PG education. This selectiveness however fails to transcend to the specific MBA specialization. Most students end up compromising when it comes down to MBA counselling in the end. Finance aspirants compromise with HR; marketing faithful break their faith to join supply chain management.

If you are a serious MBA aspirant, you should have a clear vision of where you’ll be at the end of five years. This can only happen if each aspirant understands the scope and requirement of each specialization.

  1. Student-to-faculty ratio

Being a program opted for by graduates, MBA colleges need to maintain a certain level of professionalism and poise. Cramming classrooms with 100 students for each lecture is simply not an option, which is otherwise a common practise for UG students.

Generally, colleges with high intake end up losing the plot on student intake as they simply cannot match the student populace with the right number of faculties.

Symbiosis Institute of Business Management, Pune

SIBM Pune stands amongst one of the best B-schools in the country, not just Western India or Maharashtra. The most popular institute under the purview of Symbiosis International University, SIBM covers the mainstream MBA courses offered at the Pune campus.

While SIU was accorded the university status in 2002, SIBM has been around since 1978. Instituted for the purpose of furthering the cause of quality management education in India, SIBM has since been counted amongst the best B-schools in the country.

SIBM Pune

SIBM Pune is an affiliate institution of Symbiosis International University

SIBM itself is accredited by both AICTE and NAAC. SIBM admissions are notoriously challenging. The Symbiosis National Aptitude Test (SNAP) is an entrance exam organized by SIU for admissions to UG and PG programs. For admission to SIBM, candidates need to have a very high SNAP score to be eligible for the forthcoming GD/PI rounds.

SIBM Academics

SIBM offers courses of three kinds: MBA, PG Diploma and Executive MBA.

The SIBM MBA specializations offered are listed below:

  1. MBA in Finance
  2. MBA in Human Resource Management
  3. MBA in Marketing
  4. MBA in Operations Management
  5. MBA in Innovation and Entrepreneurship

Except Innovation and Entrepreneurship, all the rest of the specializations are offered under PGDM.

SIBM Course Details

The course details of the programs offered at SIBM are listed below:

Course

Duration

Fee per year (INR)

Master of Business Administration (MBA)

2

8,75,500/-

Post Graduate Diploma in Management (PGDM)

1

93,000/-

Executive Master of Business Administration (E-MBA)

2

2,80,000/-

SIBM Placements

There is little doubt over the quality and scale of SIBM placements. The placement stats from the past two years highlight the strength of the SIBM brand.

Statistic

2017

2016

Average CTC

16.23 LPA

15.02 LPA

Highest CTC

28 LPA

24 LPA

Number of offers

191

202

Number of PPOs

63

68

Narsee Monjee Institute of Management Studies, Mumbai

In the same league as SIU is NMIMS Mumbai, another B-school established at a time when management education was still going through its initial years.

NMIMS Mumbai

NMIMS Mumbai is counted amongst the best B-schools in the country

NMIMS Mumbai was instituted back in 1981 by Shri Vile Parle Kelavani Mandal as an MBA college affiliated to Mumbai University. Like many Top private B-schools in India, NMIMS conducts its own separate MBA entrance exam called NMAT. The exam is conducted by NMIMS in partnership with GMAC. A good performance in NMAT alone isn’t enough to guarantee admission to NMIMS. Performance in GD & PI round also plays a key part in determining final admissions.

NMIMS is approved and accredited by UGC and NAAC respectively.

NMIMS Academics

NMIMS offers a number of courses besides management and business –related courses. For the sake of simplicity, we will be sticking with only management related courses.

The management and business-related courses offered at NMIMS are listed below:

  1. Bachelor of Business Administration (BBA)
  2. Bachelor of Commerce (B.Com)
  3. Diploma in management related courses
  4. Master of Business Administration (MBA)
  5. Post Graduate Diploma in Management (PGDM)
  6. BBA + MBA
  7. BBA + MMS

NMIMS Course Details

NMIMS course details, namely the course duration and fee are listed in the table below:

Course

Duration

Fee per year in INR

Bachelor of Business Administration (BBA)

3

1,71,000/-

Bachelor of Commerce (B.Com)

3

76,000/-

Diploma in management related courses

1

35,000/-

Master of Business Administration (MBA)

2

6,57,000/-

Post Graduate Diploma in Management (PGDM)

2

62,500/-

BBA + MBA

5

6,71,000/-

BBA + MMS

5

8,85,000/-

Executive Master of Business Administration (MBA)

2

4,70,000/-

NMIMS Placements

NMIMS placements display a serene capture of phenomenal campus recruitment record over the past few years. Refer the table below to learn more:

Statistic

2017

2016

2015

Average CTC

16.20 LPA

15.80 LPA

15.30 LPA

Number of students placed

570

561

336

Number of students eligible for placements

581

563

339

Percentage of students placed

98.1%

99.64%

99.11%

Prince L.N Welingkar Institute of Management, Development & Research, Mumbai

Welingkar Mumbai, also known as WE School, is one of the oldest and most prestigious management institutions in the country.

Established in 1977, WE School stands amongst one of the best B-schools in Maharashtra. It is accredited and approved by NAAC and UGC respectively. While its Mumbai campus remains one of the most popular B-schools in India, WE School also went on to open a campus in Bangalore and subsequently build on its reputation in South India.

Welingkar

Welingkar is counted amongst the premier B-schools in Western India

Admission to the PGDM at WE School is offered though performance in national level MBA entrance exams such as CAT, XAT, ATMA, CMAT, GMAT & MH-CET. However, a stellar performance in the exam is only likely to guarantee a spot in the forthcoming GD & PI rounds. So performance in exam is not the only governing criterion for admission.

WE School Academics

Besides PGDM, WE School also offers a few other courses. They are listed along with PGDM below.

  1. Post Graduate Diploma in Management (PGDM)
  • Retail Management
  • Rural Management
  • Healthcare Management
  • Business Design
  • Media and Entertainment
  • Research and Business Analytics
  • E-Business 
  1. Master in Management Studies (MMS)
  • Finance
  • HR
  • Operations
  • Systems
  • Marketing 
  1. Masters in Marketing Management (MMM)
  2. Masters in Information Management (MIM)
  3. Masters in Financial Management (MFM)
  4. Masters in Human Resource Development & Management (MHRDM)
  5. Diploma (in business related fields)

WE School Course Details

WE School course details are listed below, namely the duration and fee.

Course

Duration

Fee per year in INR

Diploma in management related courses

1

11,500/-

Post Graduate Diploma in Management (PGDM)

2

5,50,000/-

Masters in Management Studies (MMS)

2

2,81,281/-

Masters in Marketing Management (MMM)

3

56,695/-

Masters in Information Management (MIM)

2

56,695/-

Masters in Financial Management (MFM)

3

56,695/-

Masters in Human Resource Development & Management (MHRDM)

3

56,695/-

WE School Placements

WE School placements are generally quite exemplary going by pure numbers. The numbers below paint a bright picture of the placements at WE School.

Statistic

2017

2016

2015

Average CTC

7 LPA

7 LPA

7 LPA

Number of students placed

508

464

463

Number of students eligible for placements

543

506

506

Percentage of students placed

93.1%

91.69%

91.50%

KJ Somaiya Institute of Management Studies and Research, Mumbai

For our final college, we will be choosing KJ Somaiya Institute of Management Studies and Research as the final institute for the final comparison.

KJ Somaiya Institute

KJ Somaiya Institute of Management Studies and Research is also ranked amongst the top B-schools in India

Established in the same time frame as SIU, NMIMS and WE School; KJ Somaiya is easily amongst the most vied for B-Schools in Mumbai. This popularity is partly down to the relative low fee charged by the institution for what is known to be a top-tier PG program in management.

KJ Somaiya was instituted in 1981 by Padmabhushan awardee Shri Karamshi Jethabhai Somaiya as a management college under the purview of Mumbai University. After building its reputation steadily for over 32 years, KJ Somaiya was granted autonomous status in 2013. Admission to KJ Somaiya is conducted through performance in standard MBA entrance exams and GD/PI rounds.

The MBA entrance exam scores accepted at KJ Somaiya include CMAT, GMAT, CAT and XAT.

KJ Somaiya Academics

Besides PGDM, there are a few other courses offered at the KJ Somaiya. They are listed as follows:

  1. Post Graduate Diploma in Management (PGDM)
  • Retail Management
  • International Business
  • Financial Services
  • Communications
  • General Management
  1. Master in Management Studies (MMS)
  • Finance
  • HR
  • Operations
  • Marketing
  1. Master of Computer Applications (MCA)
  2. Executive PGDM
  3. Master in Marketing Management (MMM)
  4. Master in Information Management (MIM)
  5. Master in Financial Management (MFM)
  6. Master in Human Resource Development and Management (MHRDM)

KJ Somaiya Course Details

KJ Somaiya’s course details, namely the course duration and fee is given in the table below:

Course

Duration

Fee per year in INR

Post Graduate Diploma in Management (PGDM)

2

6,04,000/-

Masters in Management Studies (MMS)

2

1,01,750/-

Masters in Marketing Management (MMM)

2

82,707/-

Masters in Information Management (MIM)

2

82,707/-

Masters in Financial Management (MFM)

2

82,707/-

Masters in Human Resource Development & Management (MHRDM)

3

82,707/-

Masters in Computer Applications (MCA)

3

94,500/-

KJ Somaiya Placements

A highlight of the placement scene at KJ Somaiya is given below:

Statistic

2017

2016

2015

Average CTC

8.05 LPA

8 LPA

7 LPA

Number of students placed

473

441

447

Number of students eligible for placements

489

471

447

Percentage of students placed

96.72%

93.63%

100%

The Comparison

Having finally discussed each college and university we set out to compare, it’s time to finally cross the Rubicon and deliver the verdict. The table below incorporates all the factors we mentioned previously regarding MBA college comparisons:

Factors

SIBM Pune

NMIMS Mumbai

WE School Mumbai

KJ Somaiya Mumbai

Alumni reviews (out of 10)

9.0

9.1

8.9

8.9

ROI (out of 10)

8.8

8.9

9.0

9.0

Industry Exposure (out of 10)

9.1

9.2

9.0

8.9

Specialization (out of 10)

9.0

9.0

8.9

8.9

Student-to-faculty ratio (out of 10)

9.2

8.9

9.1

9.0

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Student Discussion

  • Jayashree Boli 2016-08-21 06:15:51

    One of the best colleges in the state with good placements and from our batch about 90% of placements and broke all the previous records. Our college have MoU's with companies like Tata Consultancy Services,Wipro,Accenture,Quest Global,Fitwel tools and Forgings etc. The average package was about 4 LPA.

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