View Source

They are factories producing business leaders of the future. And are going to play a big role in making India, the talent capital of the world. B-schools have always been a hot subject for business publications in the country, but it’s their perceptual value that makes them ‘hot’ amongst the hiring fraternity.

As 2007 draws to a close, Sunday ET commissioned global research major Synovate to identify some of the big B-schools to watch out for in 2008, on the perceptual benchmarks laid down by India Inc. The survey of the top CEO and HR heads had a story to tell. While some IIMs, ISB and the likes of FMS were bunched together as the top choices by the industry, it was interesting to note second rungs making a prominent mark amongst the top 20 B-schools.

And threaten the popularity of some B-schools that have traditionally ruled the chart. Savour this. Symbiosis, Pune and IMI Delhi outscored the likes of XLRI and IIM Lucknow and others like K J Somaiya and S P Jain Institute finding a stronger favour over IIM Kozikode and MDI Gurgaon. This clearly points to the fact that second line of management education is readying itself and will keep big brothers on their toes. However, Big Bs still rule. The IIM-A bags the top slot followed by IIM-B among the top B-schools in the country. And which management institute has the best faculty and is constantly up-grading? It’s IIM-A once again!

View Source

AHMEDABAD: Around 1,500 students across the prestigious Indian Institutes of Management (IIMs) are gearing up for one of the shortest final placement processes slated to kickoff in February. The first one to begin the process will be the youngest of the lot, IIM-Kozhikode, followed by IIM Indore, Lucknow, Bangalore, Ahmedabad and Kolkata.

While the process is expected to formally continue for six-odd days, with strong lateral placement and increased corporate interest, the institutes are expected to wrap up the final placement process in the first two placement slots (within the first four days of the process). The placement process will begin on February 20 at IIM-K, February 28 at IIM-Indore and on March 3 at IIM-Lucknow.

IIM-Bangalore will begin the placement process on March 4, followed by IIM-Ahmedabad on March 6 and IIM-Kolkata on March 8. “Each placement slot will be spread over two days. But this year, we expect most students to be placed within the first two slots,” said IIM-Bangalore’s placement committee member J Tejaswi. This year too, IIMs are expected to generate a lot of crorepati managers, thanks to the increased number of experienced candidates on campuses. This is already attracting a lot of corporates looking for executives with significant industry exposure.

Almost 40-50% students at IIMs have industry experience which is expected to ensure best ever lateral placement process. While the list for companies in the first two coveted slots is being prepared on campuses, the recruiters from several emerging sectors like private equity, retail and realty are finding maximum takers. Traditionally, the recruiters in the coveted slot zero and slot one of the placement process include consulting and investment banking firms. The recruiters expected to visit the campuses this year include Lehman brothers, Bain and Consulting, Deutsche Bank, HSBC, ABN AMRO, Tesco, Mahindra, IDFC, Marico, Booz Hamilton, Cognizant and RPG Retail, among others.

View Source

In a couple of days, around 90,000 management aspirants, will be taking the Xaviers Admission Test (XAT).

This is a 20 per cent increase in the number of candidates taking XAT from last year, when the figure stood at 75,000.

The number of colleges accepting XAT scores has also doubled from 23 in 2004 to 46 this year.

“The Indian industry today has a capacity to absorb management graduates like never before. Moreover, even the top B-schools have increased their batch sizes to meet the growing demand,” KK Raman, executive director, KPMG said.

“A recent trend has emerged where good B-schools are accepting Common Admission Test as well as XAT scores. So deserving candidates who could not perform well in CAT for any reason, see XAT as an opportunity to get into a good business school (B-school,” he adds.

View Source

AVERAGE SALARY OFFERED IS Rs 7.38 lakhs

Manipal: Almost all the students of T A Pai Management Institute (TAPMI), Manipal, were ‘placed’ within a few hours of commencement of the process of the Campus Placement for the batch of 2008, held on Thursday.

According to a press release, the TAPMI adopted a dual offer system with an end of the day acceptance in order to allow students to have their choice of signing up for the most preferred organisations.

While 74 companies confirmed their willingness to recruit, 61 companies participated on the campus placement process on Day One, that is, December 20.

They together made a total of 184 offers (including 3 Overseas) to 125 students.
Students exercised their choice and accepted offers in 50 companies representing diverse sectors such as Financial Services including Banking, Equity Research and Wealth Management, IT & ITES, Consulting, Telecommunication, FMCG, Manufacturing, Health Care, Entertainment and Infrastructure.

Total of 12 students had received pre-placement offers for their outstanding performance during their summer internship of which three accepted. The average salary offered this year is Rs 7.38 lakhs (which is to go up with revised salary structure from a few companies) and the highest salary offered is Rs 18 lakhs (Rs 9.25 in Placement 2007), the release added. Companies that visited TAPMI campus and recruited for the first time included Lehman Brothers, Morgan Stanley, KPMG, SEBI, ICRA, Adventity, Bank of America, Standard Chartered Bank, CapGemini, D E Shaw, Big FM, GMR Group, Godrej & Boyce, JSW, Tata Capital, Reliance Capital, Pioneer Investment Corporation and Wockhardt Hospitals.

View Source

There are no real surprises in the recently published ‘India’s Top B-schools’ survey, conducted by a leading business magazine Business World (BW).

The BW survey, published in issue dated December 24 - 2007, puts Indian Institute of Management Ahmedabad at the top of the league tables. Apart from IIM-A, there are three other IIMs that make it to the Top 10 table.

Widely regarded as leading private B-schools, Xavier’s Labour Relations Institute (XLRI), Management Development Institute (MDI), Faculty of Management Studies (FMS) Delhi, Mumbai based SP Jain Institute of Management & Research all make it to the Top 10 table. National Institute of Industrial Engineering, Mumbai is perhaps the only real surprise in the Top 10 list. IIM Bangalore did not offer complete details and was hence not ranked, says the survey.
Indian Institute of Foreign Trade, Narsee Monjee Institute of Management Studies, Mumbai and Institute of Management Technology, Ghaziabad are some other B-schools that have done well on the survey.

Amongst the B-schools that have moved up rapidly on the survey rankings, when compared to last survey in 2005, include Bangalore based Alliance Business Academy and Chennai based Loyola Institute of Business Management. Alliance Business Academy is ranked at # 15 and Loyola Institute is ranked at # 20.

Business World Survey 2007: Top B-schools league table
# 1 Indian Institute of Management, Ahmedabad
# 2 Indian Institute of Management, Kolkata
# 3 Xavier Labour Relations Institute, Jamshedpur
# 4 Indian Institute of Management, Kozhikode
# 5 Management Development Institute, Gurgaon
# 6 Faculty of Management Studies, Delhi
# 7 Indian Institute of Management, Lucknow
# 8 National Institute of Industrial Engineering, Mumbai
# 9 SP Jain Institute of Management & Research, Mumbai
# 10 Indian Institute of Management, Indore
# 11 Indian Institute of Foreign Trade, Delhi
# 12 Narsee Monjee Institute of Management Studies, Mumbai
# 13 Institute of Management Technology, Ghaziabad
# 14 Xavier Institute of Management, Bhubneshwar
# 15 Alliance Business Academy, Bangalore

Source: Business World, Dec 24, 2008

The Business World survey was done is conjunction with research agency Gfk- Mode. The survey contacted 202 B-schools of which ninety six B-schools participated by answering the questionnaire. Notably, the survey back checked all data with a ‘facility audit’. Says Business World survey, “BW has followed the facility audit methodology. All these B-schools were visited and 2000 students were interviewed to verify the information.” Taking about parameters used in the survey, BW says, “The scoring was done on five parameters, each with different weights.” The survey also included feedback from recruiters.

Parameters and their weightages for BW are: Living Experience (campus infrastructure) 150; Learning experience (qualification and experience of faculty) 300; Placement experience (placement performance and salaries) 250; Return on Investment (salaries received in comparison to the cost of the programme) 200; International exposure (tie-ups with foreign campuses and exchange programme) 100. Weightages were allocated from a total of 1000.
According to BW, some of B-schools that did not participate in the survey include Jamnalal Bajaj School of Management, Institute of Rural Management Anand and Department of Management Studies, IIT Delhi.

This survey completes that 2007 B-school survey reports. As reported on this management portal earlier, several media rankings have been released in past few months. Prominent media rankings include Outlook, Business India and Business Today.