ICFAI Business School Mumbai Powai Answered Questions

The minimum salary offered to a finance student in IBS Mumbai ranges from Rs 3.5 to Rs 5.5 lakhs. The average salary ranges from Rs 6.5 to Rs 7 lakhs. the highest salary ranges upto Rs 11.5 lakhs for finance specialization or domain. There are certain companies like Darashaw, Satguru travels, Landmark group , and TCRC which even offer a package of Rs 8.5 to Rs 14 to Rs 15 to Rs 16.5 lakhs package for both marketing and finance specialization.

My suggestion would be IBS Mumbai. Based on your return on investment of 2 years PGPM program. Other than that IBS Mumbai provides second largest recruitment to its students successfully after IBS Hyderabad. As far as infrastructure is concerned it has a good ambience in the heart of Hiranandani Knowledge Park, Powai . Even the faculties are well experienced and expertise in their field of knowledge based on 3 sets of faculties that is visiting faculty, adjunct faculty and full time faculty. There is a separate departments for the convenience of students and faculties. There is a quite large auditorium in the campus where various educational, cultural and placement processes takes place. The placement cell is the dedicated department of the institute which works hard and invites 150 companies successfully every year. Major recruiters are HDFC Bank, ICICI Bank, Kotak Bank, ICICI Securities, JP Morgan Chase, Deloitte, Lodha Group, Tata AIG, Bandhan bank, and many more.

The campus placements of this college is too good. Every year, 150 companies visit at the time of final placements and summer internship. The highest package for domestic placement varies from Rs 11- 15 lakhs to Rs 16.50 lakhs for companies like JP Morgan Chase, Darshaw and TCRC . For international placements package varies from Rs 11 lakhs to Rs 14 lakhs which includes companies like Satguru travels, Landmark group. Average package varies from Rs 4.5 lakhs to 6 lakhs which includes companies like Lodha group, Kotak Mahindra bank, Kotak securities, Kotak Prime, ICICI Securities, ICICI Bank , HDFC bank, Standard Chartered bank, Omkar Realtors & Developers, Indiabulls Securities, Indiabulls Real estate, Engage 4 more, AGP World, Zycus Infotech, Tata AIG, ICICI Prudential, Liberty Videocon GI, Bharti AXA, and so on . Some other good companies also visit such as Bandhan bank, Citi bank, RBL bank, Society Tea, Unicharm, GEP Solutions, Brandscapes, Reckitt Benckiser, Nestlé, Smollan India, Weikfield, Empire Spices, Siddhivinayak Agri Processing, Global Consumer Products, and so on. Placement depends on the kind of sector or field in which you want to pursue your career as a manager and even the package and the profile makes a lot of difference based on your selection to have a desired package or profile.

Yes, absolutely. IBS Hyderabad is much better than IBS Mumbai in terms of infrastructure, education, faculty, hostel facility, extra curriculum activities, campus facility and lots more. The placements is definitely good and way better as compared to Mumbai campus as the fees is high, so the ROI would be definitely better and bigger than IBS Mumbai placements. Even the number of companies, placement package, and rest other things are too good anytime in comparison to IBS Mumbai. If given a choice I would suggest anyone IBS Hyderabad over IBS Mumbai. At the same time the level of competition, commitment, dedication and hard work along with fees would be on higher side of Hyderabad branch, as it is also the head office and the first branch of IBS all over the country.

The placements in IBS Mumbai are good, in fact, better than expectations. The highest package goes upto Rs 11.5 lakhs for few selected companies such as JP Morgan Chase, Darashaw, etc. The average package goes upto Rs 5 lakhs to 6.5 lakhs for certain companies like E clerx, ICICI Bank, Kotak Mahindra Bank, Kotak Securities, Kotak Prime, HDFC Bank, Tata AIG, Bharti AXA, Lodha Group, Indiabulls Securities, Indiabulls Real estate. There are certain companies which provide good packages, it includes companies like Deloitte, Crisil, Datamatics, ICICI Securities, Religare Securities, etc. In spite of having a batch full of competition which includes a bulk batch, the placements cell on the urge of achieving 100 % placements, instead of certain factors like demonetization, changes in company recruitment. IBS Mumbai has a dedicated team of placement department which works hard day and night to invite companies to campus and to encourage students to participate in campus placements. Proper training is provided to students for preparing students to face the challenges coming forward at the time of aptitude test, personal interview, and group discussions. Soft skills sessions and Personal effectiveness management sessions are held for the students which helps a student to work on his weakness and to overcome those weaknesses in order to get placed in the desired organization of their choice or profile or sometimes the package offered by companies usually changes an individual's choice of selecting the company in which he or she wants to get placed and want to pursue or start a career of his or her choice.

AICTE approval is not compulsory to pursue a career in management as a professional even though in finance. Majority of the companies just want a candidate needs to have a MBA/ MMS/ PGPM/ PGDM degree, diploma or certificate. It is more than enough for pursuing a career as a management professional irrespective of the field of your interest. AICTE approval is only needed if you want to work as a Government employee in future or want to do PhD or M.Phil. Some of the countries may even demand for AICTE approval institutes, but it may vary depending on the country or the particular institute of that specific country . As far as pursuing management is concerned that too in any domain will not hamper your career as your degree will play a very important role in the overall management and development of your career. As management education will not only enhance your personality but will also provide your a platform to become successful in life and it will definitely give you a great start to your professional life in Finance, it is not must that the Institute should have AICTE approval to get Job or start your career in Financial management companies like JP Morgan Chase, Deloitte, CRISIL, E Clerx, HDFC Bank, ICICI Bank, Kotak Securities, Kotak Bank, ICICI Securities and So on . Let me tell you the above mentioned companies visits IBS Mumbai every year and recruit a good number of candidates for finance domain or specialization.