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B-school Selection criteria
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www.time4education.com
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
www.time4education.com
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