As you appear
for different MBA exams like CAT, XAT, NMAT and
apply to top B-schools depending on the value of their MBA programmes on
different parameters, your evaluation for B-schools on their payback period can
bring you yet another new perspective.
To help CAT
2013 aspirants in deciding which Top B schools to choose and apply, we bring
here a comparison of Top 10 B schools in India on the basis of their payback
time. Payback period can be termed as the ROI (Return on Investment).
FMS Delhi,
JBIMS fastest on ROI:
The central
university MBA departments like FMS Delhi and JBIMS sit on the top of this
list.
While FMS Delhi
which comes under University of Delhi has a fee structure of Rs 0.21 lakh only,
the average placement for its passing out batch in 2013 was Rs 16 lakh.
Therefore, a student at FMS gets his return on investment in just 5 days into
his job.
Similarly, though
JBIMS (University of Mumbai) has a higher fee structure of about Rs 2 lakh for
its 2-year MBA programme, the average annual salary of Rs 15 lakh brings the
payback period at this B-school below 50 days.
Which PGDM
institutes beat IIM-A,B, C?
CAT 2013 aspirants will
be surprised to know that top PGDM B-schools give a tough fight to IIMs in
terms of ROI. SPJIMR and XLRI are above IIM-A, IIM-B and IIM-C on this
parameter.
SPJIMR,
Mumbai brings you the fastest ROI amongst top PGDM B-schools. While the fee
structure for its two year programme is Rs 9.5 lakh, the average annual salary
offered to the 2013 batch was Rs 16.13. Therefore, it takes only 215 days to
get back your investment on the MBA programme at this B-school.
XLRI also
list among the top 5 B-schools on fastest ROI. The fee for its two year
flagship management programme is Rs 12 lakh. However, the average annual salary
offered at the institute was Rs 16.2 lakh. This brings an ROI of just 270 days
at the institute.
Though IIM
Lucknow is ranked below IIM-A, IIM-B and IIM-C, the institute beats its seniors
on the ROI factor. While the institute has a fee structure of Rs 10.8 lakh for
its two-year programme, the average annual salary to its graduate was Rs 15.5
lakh. Hence, the payback period is just 254 days for the 2-year programme at
IIM-L.
Top league
of IIMs:
With a fee
structure of Rs 13.6 lakh and average annual salary offered at the campus being
Rs 18 lakh, IIM Calcutta offers a payback period of 275 days.
IIM-Bangalore
and IIM-Ahmedabad stand on number 8 and 9 respectively with their respective
payback period being 358 and 432 days.
NMIMS also
falls in this league with its payback period of 320 days. The institute has fee
of Rs 12.62 lakh and the average annual salary offered at the institute in 2013
was Rs 14.4 lakh.
The table below shows the list of
country’s leading 10 B schools including the top IIMs viz. Ahmedabad,
Bangalore, Calcutta and Lucknow along with their latest fee structure and
average salary offered to their students from the last batch. The B schools are
ranked on the basis of their Payback period.
Table 1: Payback period of Top 10 B
schools
Name of the institute
|
Fee structure (in Rs lakh)
|
Average salary (2013)
(in Rs lakh)
|
Payback period (in days)
|
FMS, Delhi
|
0.21
|
16
|
5
|
JBIMS, Mumbai
|
2
|
15.32
|
48
|
SPJIMR, Mumbai
|
9.5
|
16.13
|
215
|
IIM L
|
10.8
|
15.5
|
254
|
XLRI Jamshedpur
|
12
|
16.2
|
270
|
IIM C
|
13.6
|
18
|
275
|
NMIMS
|
12.62
|
14.4
|
320
|
IIM B
|
17
|
17.3
|
358
|
IIM A
|
16.6
|
14
|
432
|
MDI Gurgaon
|
15.5
|
12.8
|
441
|
Note: The fee
structure excludes accommodation charges. Payback period days are rounded-off.
The payback
period is calculated as: Fee structure/average salary x 365
To get
admission in the above list of B schools, you need to score very high
percentile in CAT 2013/XAT 2014 exams.
So, apply to
MBA Exams like CAT, XAT and NMAT to get opportunity of high ROI and fastest
payback period after your MBA programmes.
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