Things you must know about KJ Somaiya Institute of Management’s MBA programme

In a conversation with Shiksha.com, the experts at KJ Somaiya Institute of Management talk in detail about their MBA programme that offers a plethora of specialisations for students to choose from and promises a great career ahead. The institute offers the industry-embedded curriculum and also has a student-driven culture. KJ Somaiya Institute of Management focuses on the holistic development of students.

Read the edited excerpt of the conversation below

Q: Share with our readers the complete admission process, including eligibility criteria?

A: There are four broad stages of admission process at KJ Somaiya Institute of Management:

• Eligibility criteria: To be eligible for admission to MBA programme, the applicant must have a minimum aggregate of 60 per cent in graduation from a recognised university in any discipline
• Qualifying exam: All eligible aspirants need to undergo a national accepted management qualifying exam such as XAT, CAT, GMAT and CMAT. We do not follow any cut off system but applicants must have a valid score of any management qualifying exam
• Group Discussion (GD): Applicants shortlisted basis the result of qualifying exam will be invited for a GD round. The topics are generally related to current affairs
• Personal Interview (PI) The applicants, who successfully clear the GD round will be taken ahead for Personal Interview round with a panel of faculty members and top management of the Institute

On the basis of the performance of the applicants in the complete admission process, the admissions to MBA programme will be confirmed.

Q: What are the various specialiastions available to students?

A: It is very important for a management institute to stay on par with the current industry standards. Hence, all the specialisations offered caters to all core management areas such as:

• International Business
• Retail Management
• Financial Services
• Integrated Marketing Communication
• Healthcare Management
• Human Resources

Q: What is the total cost of the two-year MBA programme at KJ Somaiya Institute of Management? Do you also offer hostel facility?

A: The total cost of the two-year MBA programme at KJ Somaiya Institute of Management is divided into two parts:

• Application fee: To be paid at the time of filling up the online form. The fee for the same is Rs 2,850
• Tuition fee: It stands at Rs 14.93 lakh which can be paid in easy instalments

For students willing to apply accommodation facility on campus, we have hostel facility. The hostel offers access to all basic facilities with Mess. The cost of the same is Rs 1.63 lakh for 10 months, which includes a one-time payment of Rs 20,000 as security deposit and Rs 1,000 as registration fee. The security deposit is completely refundable at the end of the programme.

Q: Do you offer any scholarships or financial assistance to students?

A: We understand the lack of financial resources and hence, we do not let it become a reason to sacrifice or compromise on quality education. We do offer need-based scholarships based on demonstrated financial needs. In order to ensure that students receive the support they need, the institute take a holistic look at the financial circumstances of students’ family.

The students who are offered scholarship get boarding and food fee waiver for complete two years. There are five scholarships in total for students of MBA batch 2020-22. They are divided into two categories:

• Maitreyi Hostel (For Women): 2
• Sandipani Hostel (For Men): 3 

For other students the institute provides complete support in getting the loan from a bank. We help them in completing documentation for an easy process.

Q: Placements play a crucial role in the curriculum. So, how is the institute’s placement?

A: That’s true. Placements play a crucial role in the curriculum and this is why we have a dedicated placements department at the campus that focuses on strengthening industry connect throughout the year. Talking of the most recent placements trends:

• Over 97 per cent students were eligible for placement and have been offered jobs
• The highest package reported in the last placement season is Rs 28.5 lakh per annum and the average package stood at Rs 10.08 lakh per annum
• Over 165 recruiters visited campus for final placements amongst which 39 were new recruiters added to the list

We had almost all big giants from the industry showing an active interest in the recruitments. It includes ITC Limited, Accenture, Capgemini, KPMG, FedEx, Maersk, Google, Airtel, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Cognizant, Citi Bank, HSBC Bank, Canon, IDFC and Britania.

Not just the placements, but the internships also reported amazing numbers. The highest stipend offered to the students was Rs 1.45 lakh per month and the average stipend stood at Rs 25,600 per month. Over 156 recruiters visited campus for summer internships recruitments out of which 40 were new recruiters.