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Experiences not be missed at an IIM – My account

1)      BC in the night: To my mind, the biggest learning at a B-school comes from your co-participants. I’ve often had this discussion with my Dad when he questions me about spending so much money on B-school education if we don’t pick up too many things from the classrooms. My answer to him is always that learning comes from your friends, batch mates, seniors and juniors. An extension of this argument is to not stick to your rooms mugging away to glory, but spend a lot of time in human interaction, which generally happens in the night. Very few things match the pleasure of a discussion in the mess at 3 in the night. This also helps you in networking (Why is networking important?- I trust some other post to address this, but in short: 1) Doing business- networking is the most important 2) Getting references in the industry 3) Most joy in life comes from relationships)

 

2)      Watching sport in the common room: I won’t say much about this, except that apart from the pleasure of watching it with so many people, you also learn a lot of little things. Don’t miss this experience.

 

3)      Listening to a great professor: As Ankit rightly pointed out, the good professors at B-schools are few and far in between. However, the ones who are good are really worth listening to; because the learning from their lectures transcends subjects. It’s learning about management in general, and the lessons of life. With this in mind, my suggestion always is to choose subjects based on the instructors, unless you are very sure about the stream you want to take up (which most people are not!)

 

4)      Participate in a B-school competition/Organize One: It’s a lot of fun doing both of them, for the take aways from such events are immense, apart from the fun you have. Organizing B-school events, gives you apart from other things, a lot of bonding and camaraderie with your fellow participants. A successful event organized gives you a sense of achievement and a high which few other things can match.

 

 

5)      Prepare for Consulting interviews: This was certainly one of the most enriching experiences for me at IIM Indore, for I believe that consulting interviews capture the essence of management issues and principles. Preparing for these interviews really polishes your skills and encourages you to think (which I think students have forgotten how to do). Apart from these, it’s also a chance to peek into the best minds in the campus, and how they approach issues. So irrespective of whether you have bent of mind towards consulting, I strongly recommend this.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010′ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

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Placements – Profiles and Campuses – The scene in 2011

(Update: This article was published in May 2011 based on Karan Maroo’s interpretation of placements across campuses. Do note that InsideIIM does not endorse the categorization and it is the personal view of the author which is also subject to change.)

 

It’s that time of the year when you have to choose between various B-Schools, take decisions and decide on your future. It’s not an easy time, information is sometimes hazy and this post looks to give you a perspective from the placements point of view.

For ease of categorization, I’ve categorized campuses into

Category A+: IIMs A, B, C

Category A-:  IIM L, XLRI

Category B: IIMs I, K , FMS, MDI, SP Jain, JBIMS

Now, I’d try and address jobs, profile wise.

Finance:

Capital Markets: Capital markets are the market for securities, and this includes the much coveted Investment Banking. When I first tried comparing the reports of IIMI and A+ institutes, I could find a lot of names like JPMC, Deutsche, Goldman Sachs common in the two reports. However, its only when you get into the institute do you realize that there is a huge difference between the profiles being offered. Most companies offer front-end profiles at Category A+ institutes, and a few of them at A- institutes. However, the profiles offered at B institutes are what are known as support to front end. Now, front end is a controversial term, but broadly- it refers to interacting with clients and hence, often being responsible for bringing business to the organization as well. Support to front end is a profile which is responsible for doing all the numbers, reports etc related to business and involves little, if any interaction with clients. Moving from this profile to the front end typically takes 3-5 years. The moolah, of course is truly raked in at the front end.

The other profiles offered in capital markets are investment management, private equity, mutual funds etc which are typically known as the buy-side profiles (Because it involves buying assets and securities). These profiles are extremely coveted, and are generally offered only at A category institutions. There are exceptions though, and the offering of buy side profiles in a campus is often a benchmark of how it’s matured in placements.

Banking: Banking includes corporate and retail banking, and these are generally client-facing roles. Companies like HSBC, Standard Chartered, CitiBank etc offer these profiles at A and B institutes. These profiles pay less than front end capital market roles, but are prestigious, nevertheless.

Corporate Finance: The term is self explanatory, and involves handling the finances of a company, including M&As. These profiles are good, but not too many of them are on offer every year. The money is not great, but the learning is huge.

Marketing:

FMCG S&M: Most companies offer sales & marketing as a profile, there are exceptions like P&G though. P&G offers its Marketing profile only in A level institutes. Other FMCG companies generally do not distinguish between A and B level institutes. However, if x number of companies visit B, 1.5x visit A- and 2x visit A+. The good thing about these companies is that they treat campuses on par, when it comes to profiles.

B2B Marketing: For those who’re interested in marketing to business, this is the place to be in. The good thing, again, about these profiles is that they do not distinguish between A and B institutes. Leading companies in this field are Tata Motors, Tata Steel, Essar, JSPL, Suzlon, Bajaj Auto etc. However, these profiles are not very high paying for Management Trainees.

 

Consulting/GM:

Tier-1 firms: If you want to get into a tier 1 firm, A+ is the place to be. Most firms visit A+ institutes, few of them visit A- and a couple of them visit B. The leading consulting firm, McKinsey, which is claimed in many of the reports of  A- and B institutes, only does a batch day there- it means that it selects a few students (sometimes only 1 or none) from the applicants from XLRI,Indore,Kozhikode,FMS,JBIMS,SP Jain etc all put together. To put this in perspective, it might pick up ten students each from A, B and C. Of late, of course, firms like BCG have started visiting L, XL and I but the number they pick from these institutes is still not very high.

Note: A firm like BCG took 17 years to start visiting Lucknow, but just 12 years to visit Indore. This shows that demand in the market for MBAs is only increasing dramatically, and is a pointer towards things to come. Who knows, you might have consulting firms visiting campuses like Ranchi, Raipur and the like in five years time.

Tier-2 firms: There are a few tier two consulting firms like Deloitte, PWC, Accenture, KPMG etc visiting A- and B as well, but if you want to have a shot at all of these firms, A+ is the place to be. Some of these firms are also known to discriminate in the compensation offered at different institutes.

General management: GM profiles offered by TAS and Aditya Birla Group are some of the most coveted rotational programs, and are generally offered only at A+ and A- (TAS is also offered at SPJIMR,FMS). M&M covers some of the B campuses as well (IIM I,K,SPJIMR,FMS)

There are specialized consulting firms visiting A and B campuses, but for these it’s better to look at the campuses individually.

IT:

Most IT/ITes/IT Consulting firms visit A and B campuses alike. However, when it comes to giants like Google, Amazon, Cisco- they visit just the A+ campuses. Firms like Microsoft offer different profiles across A and B campuses.

It is the point of view of a few of us that the gulf between A- and B is not as high as A+ and A-. This should be kept in mind while choosing B schools, and the decision of “Should I give CAT again?”. Also, one should carefully think about the kind of job profile he/she wants post an MBA and decide on whether a particular B school is good enough for them or not. I hope this article takes a step forward in addressing that.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010’ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

 

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Karan Maroo

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(Update: This article was published in May 2011 based on Karan Maroo’s interpretation of placements across campuses. Do note that InsideIIM does not endorse the categorization and it is the personal view of the author which is also subject to change.)

 

It’s that time of the year when you have to choose between various B-Schools, take decisions and decide on your future. It’s not an easy time, information is sometimes hazy and this post looks to give you a perspective from the placements point of view.

For ease of categorization, I’ve categorized campuses into

Category A+: IIMs A, B, C

Category A-:  IIM L, XLRI

Category B: IIMs I, K , FMS, MDI, SP Jain, JBIMS

Now, I’d try and address jobs, profile wise.

Finance:

Capital Markets: Capital markets are the market for securities, and this includes the much coveted Investment Banking. When I first tried comparing the reports of IIMI and A+ institutes, I could find a lot of names like JPMC, Deutsche, Goldman Sachs common in the two reports. However, its only when you get into the institute do you realize that there is a huge difference between the profiles being offered. Most companies offer front-end profiles at Category A+ institutes, and a few of them at A- institutes. However, the profiles offered at B institutes are what are known as support to front end. Now, front end is a controversial term, but broadly- it refers to interacting with clients and hence, often being responsible for bringing business to the organization as well. Support to front end is a profile which is responsible for doing all the numbers, reports etc related to business and involves little, if any interaction with clients. Moving from this profile to the front end typically takes 3-5 years. The moolah, of course is truly raked in at the front end.

The other profiles offered in capital markets are investment management, private equity, mutual funds etc which are typically known as the buy-side profiles (Because it involves buying assets and securities). These profiles are extremely coveted, and are generally offered only at A category institutions. There are exceptions though, and the offering of buy side profiles in a campus is often a benchmark of how it’s matured in placements.

Banking: Banking includes corporate and retail banking, and these are generally client-facing roles. Companies like HSBC, Standard Chartered, CitiBank etc offer these profiles at A and B institutes. These profiles pay less than front end capital market roles, but are prestigious, nevertheless.

Corporate Finance: The term is self explanatory, and involves handling the finances of a company, including M&As. These profiles are good, but not too many of them are on offer every year. The money is not great, but the learning is huge.

Marketing:

FMCG S&M: Most companies offer sales & marketing as a profile, there are exceptions like P&G though. P&G offers its Marketing profile only in A level institutes. Other FMCG companies generally do not distinguish between A and B level institutes. However, if x number of companies visit B, 1.5x visit A- and 2x visit A+. The good thing about these companies is that they treat campuses on par, when it comes to profiles.

B2B Marketing: For those who’re interested in marketing to business, this is the place to be in. The good thing, again, about these profiles is that they do not distinguish between A and B institutes. Leading companies in this field are Tata Motors, Tata Steel, Essar, JSPL, Suzlon, Bajaj Auto etc. However, these profiles are not very high paying for Management Trainees.

 

Consulting/GM:

Tier-1 firms: If you want to get into a tier 1 firm, A+ is the place to be. Most firms visit A+ institutes, few of them visit A- and a couple of them visit B. The leading consulting firm, McKinsey, which is claimed in many of the reports of  A- and B institutes, only does a batch day there- it means that it selects a few students (sometimes only 1 or none) from the applicants from XLRI,Indore,Kozhikode,FMS,JBIMS,SP Jain etc all put together. To put this in perspective, it might pick up ten students each from A, B and C. Of late, of course, firms like BCG have started visiting L, XL and I but the number they pick from these institutes is still not very high.

Note: A firm like BCG took 17 years to start visiting Lucknow, but just 12 years to visit Indore. This shows that demand in the market for MBAs is only increasing dramatically, and is a pointer towards things to come. Who knows, you might have consulting firms visiting campuses like Ranchi, Raipur and the like in five years time.

Tier-2 firms: There are a few tier two consulting firms like Deloitte, PWC, Accenture, KPMG etc visiting A- and B as well, but if you want to have a shot at all of these firms, A+ is the place to be. Some of these firms are also known to discriminate in the compensation offered at different institutes.

General management: GM profiles offered by TAS and Aditya Birla Group are some of the most coveted rotational programs, and are generally offered only at A+ and A- (TAS is also offered at SPJIMR,FMS). M&M covers some of the B campuses as well (IIM I,K,SPJIMR,FMS)

There are specialized consulting firms visiting A and B campuses, but for these it’s better to look at the campuses individually.

IT:

Most IT/ITes/IT Consulting firms visit A and B campuses alike. However, when it comes to giants like Google, Amazon, Cisco- they visit just the A+ campuses. Firms like Microsoft offer different profiles across A and B campuses.

It is the point of view of a few of us that the gulf between A- and B is not as high as A+ and A-. This should be kept in mind while choosing B schools, and the decision of “Should I give CAT again?”. Also, one should carefully think about the kind of job profile he/she wants post an MBA and decide on whether a particular B school is good enough for them or not. I hope this article takes a step forward in addressing that.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010’ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

 

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Karan Maroo

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(Update: This article was published in May 2011 based on Karan Maroo’s interpretation of placements across campuses. Do note that InsideIIM does not endorse the categorization and it is the personal view of the author which is also subject to change.)

 

It’s that time of the year when you have to choose between various B-Schools, take decisions and decide on your future. It’s not an easy time, information is sometimes hazy and this post looks to give you a perspective from the placements point of view.

For ease of categorization, I’ve categorized campuses into

Category A+: IIMs A, B, C

Category A-:  IIM L, XLRI

Category B: IIMs I, K , FMS, MDI, SP Jain, JBIMS

Now, I’d try and address jobs, profile wise.

Finance:

Capital Markets: Capital markets are the market for securities, and this includes the much coveted Investment Banking. When I first tried comparing the reports of IIMI and A+ institutes, I could find a lot of names like JPMC, Deutsche, Goldman Sachs common in the two reports. However, its only when you get into the institute do you realize that there is a huge difference between the profiles being offered. Most companies offer front-end profiles at Category A+ institutes, and a few of them at A- institutes. However, the profiles offered at B institutes are what are known as support to front end. Now, front end is a controversial term, but broadly- it refers to interacting with clients and hence, often being responsible for bringing business to the organization as well. Support to front end is a profile which is responsible for doing all the numbers, reports etc related to business and involves little, if any interaction with clients. Moving from this profile to the front end typically takes 3-5 years. The moolah, of course is truly raked in at the front end.

The other profiles offered in capital markets are investment management, private equity, mutual funds etc which are typically known as the buy-side profiles (Because it involves buying assets and securities). These profiles are extremely coveted, and are generally offered only at A category institutions. There are exceptions though, and the offering of buy side profiles in a campus is often a benchmark of how it’s matured in placements.

Banking: Banking includes corporate and retail banking, and these are generally client-facing roles. Companies like HSBC, Standard Chartered, CitiBank etc offer these profiles at A and B institutes. These profiles pay less than front end capital market roles, but are prestigious, nevertheless.

Corporate Finance: The term is self explanatory, and involves handling the finances of a company, including M&As. These profiles are good, but not too many of them are on offer every year. The money is not great, but the learning is huge.

Marketing:

FMCG S&M: Most companies offer sales & marketing as a profile, there are exceptions like P&G though. P&G offers its Marketing profile only in A level institutes. Other FMCG companies generally do not distinguish between A and B level institutes. However, if x number of companies visit B, 1.5x visit A- and 2x visit A+. The good thing about these companies is that they treat campuses on par, when it comes to profiles.

B2B Marketing: For those who’re interested in marketing to business, this is the place to be in. The good thing, again, about these profiles is that they do not distinguish between A and B institutes. Leading companies in this field are Tata Motors, Tata Steel, Essar, JSPL, Suzlon, Bajaj Auto etc. However, these profiles are not very high paying for Management Trainees.

 

Consulting/GM:

Tier-1 firms: If you want to get into a tier 1 firm, A+ is the place to be. Most firms visit A+ institutes, few of them visit A- and a couple of them visit B. The leading consulting firm, McKinsey, which is claimed in many of the reports of  A- and B institutes, only does a batch day there- it means that it selects a few students (sometimes only 1 or none) from the applicants from XLRI,Indore,Kozhikode,FMS,JBIMS,SP Jain etc all put together. To put this in perspective, it might pick up ten students each from A, B and C. Of late, of course, firms like BCG have started visiting L, XL and I but the number they pick from these institutes is still not very high.

Note: A firm like BCG took 17 years to start visiting Lucknow, but just 12 years to visit Indore. This shows that demand in the market for MBAs is only increasing dramatically, and is a pointer towards things to come. Who knows, you might have consulting firms visiting campuses like Ranchi, Raipur and the like in five years time.

Tier-2 firms: There are a few tier two consulting firms like Deloitte, PWC, Accenture, KPMG etc visiting A- and B as well, but if you want to have a shot at all of these firms, A+ is the place to be. Some of these firms are also known to discriminate in the compensation offered at different institutes.

General management: GM profiles offered by TAS and Aditya Birla Group are some of the most coveted rotational programs, and are generally offered only at A+ and A- (TAS is also offered at SPJIMR,FMS). M&M covers some of the B campuses as well (IIM I,K,SPJIMR,FMS)

There are specialized consulting firms visiting A and B campuses, but for these it’s better to look at the campuses individually.

IT:

Most IT/ITes/IT Consulting firms visit A and B campuses alike. However, when it comes to giants like Google, Amazon, Cisco- they visit just the A+ campuses. Firms like Microsoft offer different profiles across A and B campuses.

It is the point of view of a few of us that the gulf between A- and B is not as high as A+ and A-. This should be kept in mind while choosing B schools, and the decision of “Should I give CAT again?”. Also, one should carefully think about the kind of job profile he/she wants post an MBA and decide on whether a particular B school is good enough for them or not. I hope this article takes a step forward in addressing that.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010’ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

 

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Karan Maroo

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(Update: This article was published in May 2011 based on Karan Maroo’s interpretation of placements across campuses. Do note that InsideIIM does not endorse the categorization and it is the personal view of the author which is also subject to change.)

 

It’s that time of the year when you have to choose between various B-Schools, take decisions and decide on your future. It’s not an easy time, information is sometimes hazy and this post looks to give you a perspective from the placements point of view.

For ease of categorization, I’ve categorized campuses into

Category A+: IIMs A, B, C

Category A-:  IIM L, XLRI

Category B: IIMs I, K , FMS, MDI, SP Jain, JBIMS

Now, I’d try and address jobs, profile wise.

Finance:

Capital Markets: Capital markets are the market for securities, and this includes the much coveted Investment Banking. When I first tried comparing the reports of IIMI and A+ institutes, I could find a lot of names like JPMC, Deutsche, Goldman Sachs common in the two reports. However, its only when you get into the institute do you realize that there is a huge difference between the profiles being offered. Most companies offer front-end profiles at Category A+ institutes, and a few of them at A- institutes. However, the profiles offered at B institutes are what are known as support to front end. Now, front end is a controversial term, but broadly- it refers to interacting with clients and hence, often being responsible for bringing business to the organization as well. Support to front end is a profile which is responsible for doing all the numbers, reports etc related to business and involves little, if any interaction with clients. Moving from this profile to the front end typically takes 3-5 years. The moolah, of course is truly raked in at the front end.

The other profiles offered in capital markets are investment management, private equity, mutual funds etc which are typically known as the buy-side profiles (Because it involves buying assets and securities). These profiles are extremely coveted, and are generally offered only at A category institutions. There are exceptions though, and the offering of buy side profiles in a campus is often a benchmark of how it’s matured in placements.

Banking: Banking includes corporate and retail banking, and these are generally client-facing roles. Companies like HSBC, Standard Chartered, CitiBank etc offer these profiles at A and B institutes. These profiles pay less than front end capital market roles, but are prestigious, nevertheless.

Corporate Finance: The term is self explanatory, and involves handling the finances of a company, including M&As. These profiles are good, but not too many of them are on offer every year. The money is not great, but the learning is huge.

Marketing:

FMCG S&M: Most companies offer sales & marketing as a profile, there are exceptions like P&G though. P&G offers its Marketing profile only in A level institutes. Other FMCG companies generally do not distinguish between A and B level institutes. However, if x number of companies visit B, 1.5x visit A- and 2x visit A+. The good thing about these companies is that they treat campuses on par, when it comes to profiles.

B2B Marketing: For those who’re interested in marketing to business, this is the place to be in. The good thing, again, about these profiles is that they do not distinguish between A and B institutes. Leading companies in this field are Tata Motors, Tata Steel, Essar, JSPL, Suzlon, Bajaj Auto etc. However, these profiles are not very high paying for Management Trainees.

 

Consulting/GM:

Tier-1 firms: If you want to get into a tier 1 firm, A+ is the place to be. Most firms visit A+ institutes, few of them visit A- and a couple of them visit B. The leading consulting firm, McKinsey, which is claimed in many of the reports of  A- and B institutes, only does a batch day there- it means that it selects a few students (sometimes only 1 or none) from the applicants from XLRI,Indore,Kozhikode,FMS,JBIMS,SP Jain etc all put together. To put this in perspective, it might pick up ten students each from A, B and C. Of late, of course, firms like BCG have started visiting L, XL and I but the number they pick from these institutes is still not very high.

Note: A firm like BCG took 17 years to start visiting Lucknow, but just 12 years to visit Indore. This shows that demand in the market for MBAs is only increasing dramatically, and is a pointer towards things to come. Who knows, you might have consulting firms visiting campuses like Ranchi, Raipur and the like in five years time.

Tier-2 firms: There are a few tier two consulting firms like Deloitte, PWC, Accenture, KPMG etc visiting A- and B as well, but if you want to have a shot at all of these firms, A+ is the place to be. Some of these firms are also known to discriminate in the compensation offered at different institutes.

General management: GM profiles offered by TAS and Aditya Birla Group are some of the most coveted rotational programs, and are generally offered only at A+ and A- (TAS is also offered at SPJIMR,FMS). M&M covers some of the B campuses as well (IIM I,K,SPJIMR,FMS)

There are specialized consulting firms visiting A and B campuses, but for these it’s better to look at the campuses individually.

IT:

Most IT/ITes/IT Consulting firms visit A and B campuses alike. However, when it comes to giants like Google, Amazon, Cisco- they visit just the A+ campuses. Firms like Microsoft offer different profiles across A and B campuses.

It is the point of view of a few of us that the gulf between A- and B is not as high as A+ and A-. This should be kept in mind while choosing B schools, and the decision of “Should I give CAT again?”. Also, one should carefully think about the kind of job profile he/she wants post an MBA and decide on whether a particular B school is good enough for them or not. I hope this article takes a step forward in addressing that.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010’ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

 

Profile gravatar of Karan Maroo

Karan Maroo

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Message Author

(Update: This article was published in May 2011 based on Karan Maroo’s interpretation of placements across campuses. Do note that InsideIIM does not endorse the categorization and it is the personal view of the author which is also subject to change.)

 

It’s that time of the year when you have to choose between various B-Schools, take decisions and decide on your future. It’s not an easy time, information is sometimes hazy and this post looks to give you a perspective from the placements point of view.

For ease of categorization, I’ve categorized campuses into

Category A+: IIMs A, B, C

Category A-:  IIM L, XLRI

Category B: IIMs I, K , FMS, MDI, SP Jain, JBIMS

Now, I’d try and address jobs, profile wise.

Finance:

Capital Markets: Capital markets are the market for securities, and this includes the much coveted Investment Banking. When I first tried comparing the reports of IIMI and A+ institutes, I could find a lot of names like JPMC, Deutsche, Goldman Sachs common in the two reports. However, its only when you get into the institute do you realize that there is a huge difference between the profiles being offered. Most companies offer front-end profiles at Category A+ institutes, and a few of them at A- institutes. However, the profiles offered at B institutes are what are known as support to front end. Now, front end is a controversial term, but broadly- it refers to interacting with clients and hence, often being responsible for bringing business to the organization as well. Support to front end is a profile which is responsible for doing all the numbers, reports etc related to business and involves little, if any interaction with clients. Moving from this profile to the front end typically takes 3-5 years. The moolah, of course is truly raked in at the front end.

The other profiles offered in capital markets are investment management, private equity, mutual funds etc which are typically known as the buy-side profiles (Because it involves buying assets and securities). These profiles are extremely coveted, and are generally offered only at A category institutions. There are exceptions though, and the offering of buy side profiles in a campus is often a benchmark of how it’s matured in placements.

Banking: Banking includes corporate and retail banking, and these are generally client-facing roles. Companies like HSBC, Standard Chartered, CitiBank etc offer these profiles at A and B institutes. These profiles pay less than front end capital market roles, but are prestigious, nevertheless.

Corporate Finance: The term is self explanatory, and involves handling the finances of a company, including M&As. These profiles are good, but not too many of them are on offer every year. The money is not great, but the learning is huge.

Marketing:

FMCG S&M: Most companies offer sales & marketing as a profile, there are exceptions like P&G though. P&G offers its Marketing profile only in A level institutes. Other FMCG companies generally do not distinguish between A and B level institutes. However, if x number of companies visit B, 1.5x visit A- and 2x visit A+. The good thing about these companies is that they treat campuses on par, when it comes to profiles.

B2B Marketing: For those who’re interested in marketing to business, this is the place to be in. The good thing, again, about these profiles is that they do not distinguish between A and B institutes. Leading companies in this field are Tata Motors, Tata Steel, Essar, JSPL, Suzlon, Bajaj Auto etc. However, these profiles are not very high paying for Management Trainees.

 

Consulting/GM:

Tier-1 firms: If you want to get into a tier 1 firm, A+ is the place to be. Most firms visit A+ institutes, few of them visit A- and a couple of them visit B. The leading consulting firm, McKinsey, which is claimed in many of the reports of  A- and B institutes, only does a batch day there- it means that it selects a few students (sometimes only 1 or none) from the applicants from XLRI,Indore,Kozhikode,FMS,JBIMS,SP Jain etc all put together. To put this in perspective, it might pick up ten students each from A, B and C. Of late, of course, firms like BCG have started visiting L, XL and I but the number they pick from these institutes is still not very high.

Note: A firm like BCG took 17 years to start visiting Lucknow, but just 12 years to visit Indore. This shows that demand in the market for MBAs is only increasing dramatically, and is a pointer towards things to come. Who knows, you might have consulting firms visiting campuses like Ranchi, Raipur and the like in five years time.

Tier-2 firms: There are a few tier two consulting firms like Deloitte, PWC, Accenture, KPMG etc visiting A- and B as well, but if you want to have a shot at all of these firms, A+ is the place to be. Some of these firms are also known to discriminate in the compensation offered at different institutes.

General management: GM profiles offered by TAS and Aditya Birla Group are some of the most coveted rotational programs, and are generally offered only at A+ and A- (TAS is also offered at SPJIMR,FMS). M&M covers some of the B campuses as well (IIM I,K,SPJIMR,FMS)

There are specialized consulting firms visiting A and B campuses, but for these it’s better to look at the campuses individually.

IT:

Most IT/ITes/IT Consulting firms visit A and B campuses alike. However, when it comes to giants like Google, Amazon, Cisco- they visit just the A+ campuses. Firms like Microsoft offer different profiles across A and B campuses.

It is the point of view of a few of us that the gulf between A- and B is not as high as A+ and A-. This should be kept in mind while choosing B schools, and the decision of “Should I give CAT again?”. Also, one should carefully think about the kind of job profile he/she wants post an MBA and decide on whether a particular B school is good enough for them or not. I hope this article takes a step forward in addressing that.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010’ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

 

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Karan Maroo

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(Update: This article was published in May 2011 based on Karan Maroo’s interpretation of placements across campuses. Do note that InsideIIM does not endorse the categorization and it is the personal view of the author which is also subject to change.)

 

It’s that time of the year when you have to choose between various B-Schools, take decisions and decide on your future. It’s not an easy time, information is sometimes hazy and this post looks to give you a perspective from the placements point of view.

For ease of categorization, I’ve categorized campuses into

Category A+: IIMs A, B, C

Category A-:  IIM L, XLRI

Category B: IIMs I, K , FMS, MDI, SP Jain, JBIMS

Now, I’d try and address jobs, profile wise.

Finance:

Capital Markets: Capital markets are the market for securities, and this includes the much coveted Investment Banking. When I first tried comparing the reports of IIMI and A+ institutes, I could find a lot of names like JPMC, Deutsche, Goldman Sachs common in the two reports. However, its only when you get into the institute do you realize that there is a huge difference between the profiles being offered. Most companies offer front-end profiles at Category A+ institutes, and a few of them at A- institutes. However, the profiles offered at B institutes are what are known as support to front end. Now, front end is a controversial term, but broadly- it refers to interacting with clients and hence, often being responsible for bringing business to the organization as well. Support to front end is a profile which is responsible for doing all the numbers, reports etc related to business and involves little, if any interaction with clients. Moving from this profile to the front end typically takes 3-5 years. The moolah, of course is truly raked in at the front end.

The other profiles offered in capital markets are investment management, private equity, mutual funds etc which are typically known as the buy-side profiles (Because it involves buying assets and securities). These profiles are extremely coveted, and are generally offered only at A category institutions. There are exceptions though, and the offering of buy side profiles in a campus is often a benchmark of how it’s matured in placements.

Banking: Banking includes corporate and retail banking, and these are generally client-facing roles. Companies like HSBC, Standard Chartered, CitiBank etc offer these profiles at A and B institutes. These profiles pay less than front end capital market roles, but are prestigious, nevertheless.

Corporate Finance: The term is self explanatory, and involves handling the finances of a company, including M&As. These profiles are good, but not too many of them are on offer every year. The money is not great, but the learning is huge.

Marketing:

FMCG S&M: Most companies offer sales & marketing as a profile, there are exceptions like P&G though. P&G offers its Marketing profile only in A level institutes. Other FMCG companies generally do not distinguish between A and B level institutes. However, if x number of companies visit B, 1.5x visit A- and 2x visit A+. The good thing about these companies is that they treat campuses on par, when it comes to profiles.

B2B Marketing: For those who’re interested in marketing to business, this is the place to be in. The good thing, again, about these profiles is that they do not distinguish between A and B institutes. Leading companies in this field are Tata Motors, Tata Steel, Essar, JSPL, Suzlon, Bajaj Auto etc. However, these profiles are not very high paying for Management Trainees.

 

Consulting/GM:

Tier-1 firms: If you want to get into a tier 1 firm, A+ is the place to be. Most firms visit A+ institutes, few of them visit A- and a couple of them visit B. The leading consulting firm, McKinsey, which is claimed in many of the reports of  A- and B institutes, only does a batch day there- it means that it selects a few students (sometimes only 1 or none) from the applicants from XLRI,Indore,Kozhikode,FMS,JBIMS,SP Jain etc all put together. To put this in perspective, it might pick up ten students each from A, B and C. Of late, of course, firms like BCG have started visiting L, XL and I but the number they pick from these institutes is still not very high.

Note: A firm like BCG took 17 years to start visiting Lucknow, but just 12 years to visit Indore. This shows that demand in the market for MBAs is only increasing dramatically, and is a pointer towards things to come. Who knows, you might have consulting firms visiting campuses like Ranchi, Raipur and the like in five years time.

Tier-2 firms: There are a few tier two consulting firms like Deloitte, PWC, Accenture, KPMG etc visiting A- and B as well, but if you want to have a shot at all of these firms, A+ is the place to be. Some of these firms are also known to discriminate in the compensation offered at different institutes.

General management: GM profiles offered by TAS and Aditya Birla Group are some of the most coveted rotational programs, and are generally offered only at A+ and A- (TAS is also offered at SPJIMR,FMS). M&M covers some of the B campuses as well (IIM I,K,SPJIMR,FMS)

There are specialized consulting firms visiting A and B campuses, but for these it’s better to look at the campuses individually.

IT:

Most IT/ITes/IT Consulting firms visit A and B campuses alike. However, when it comes to giants like Google, Amazon, Cisco- they visit just the A+ campuses. Firms like Microsoft offer different profiles across A and B campuses.

It is the point of view of a few of us that the gulf between A- and B is not as high as A+ and A-. This should be kept in mind while choosing B schools, and the decision of “Should I give CAT again?”. Also, one should carefully think about the kind of job profile he/she wants post an MBA and decide on whether a particular B school is good enough for them or not. I hope this article takes a step forward in addressing that.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010’ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

 

Profile gravatar of Karan Maroo

Karan Maroo

Message Author


Message Author

(Update: This article was published in May 2011 based on Karan Maroo’s interpretation of placements across campuses. Do note that InsideIIM does not endorse the categorization and it is the personal view of the author which is also subject to change.)

 

It’s that time of the year when you have to choose between various B-Schools, take decisions and decide on your future. It’s not an easy time, information is sometimes hazy and this post looks to give you a perspective from the placements point of view.

For ease of categorization, I’ve categorized campuses into

Category A+: IIMs A, B, C

Category A-:  IIM L, XLRI

Category B: IIMs I, K , FMS, MDI, SP Jain, JBIMS

Now, I’d try and address jobs, profile wise.

Finance:

Capital Markets: Capital markets are the market for securities, and this includes the much coveted Investment Banking. When I first tried comparing the reports of IIMI and A+ institutes, I could find a lot of names like JPMC, Deutsche, Goldman Sachs common in the two reports. However, its only when you get into the institute do you realize that there is a huge difference between the profiles being offered. Most companies offer front-end profiles at Category A+ institutes, and a few of them at A- institutes. However, the profiles offered at B institutes are what are known as support to front end. Now, front end is a controversial term, but broadly- it refers to interacting with clients and hence, often being responsible for bringing business to the organization as well. Support to front end is a profile which is responsible for doing all the numbers, reports etc related to business and involves little, if any interaction with clients. Moving from this profile to the front end typically takes 3-5 years. The moolah, of course is truly raked in at the front end.

The other profiles offered in capital markets are investment management, private equity, mutual funds etc which are typically known as the buy-side profiles (Because it involves buying assets and securities). These profiles are extremely coveted, and are generally offered only at A category institutions. There are exceptions though, and the offering of buy side profiles in a campus is often a benchmark of how it’s matured in placements.

Banking: Banking includes corporate and retail banking, and these are generally client-facing roles. Companies like HSBC, Standard Chartered, CitiBank etc offer these profiles at A and B institutes. These profiles pay less than front end capital market roles, but are prestigious, nevertheless.

Corporate Finance: The term is self explanatory, and involves handling the finances of a company, including M&As. These profiles are good, but not too many of them are on offer every year. The money is not great, but the learning is huge.

Marketing:

FMCG S&M: Most companies offer sales & marketing as a profile, there are exceptions like P&G though. P&G offers its Marketing profile only in A level institutes. Other FMCG companies generally do not distinguish between A and B level institutes. However, if x number of companies visit B, 1.5x visit A- and 2x visit A+. The good thing about these companies is that they treat campuses on par, when it comes to profiles.

B2B Marketing: For those who’re interested in marketing to business, this is the place to be in. The good thing, again, about these profiles is that they do not distinguish between A and B institutes. Leading companies in this field are Tata Motors, Tata Steel, Essar, JSPL, Suzlon, Bajaj Auto etc. However, these profiles are not very high paying for Management Trainees.

 

Consulting/GM:

Tier-1 firms: If you want to get into a tier 1 firm, A+ is the place to be. Most firms visit A+ institutes, few of them visit A- and a couple of them visit B. The leading consulting firm, McKinsey, which is claimed in many of the reports of  A- and B institutes, only does a batch day there- it means that it selects a few students (sometimes only 1 or none) from the applicants from XLRI,Indore,Kozhikode,FMS,JBIMS,SP Jain etc all put together. To put this in perspective, it might pick up ten students each from A, B and C. Of late, of course, firms like BCG have started visiting L, XL and I but the number they pick from these institutes is still not very high.

Note: A firm like BCG took 17 years to start visiting Lucknow, but just 12 years to visit Indore. This shows that demand in the market for MBAs is only increasing dramatically, and is a pointer towards things to come. Who knows, you might have consulting firms visiting campuses like Ranchi, Raipur and the like in five years time.

Tier-2 firms: There are a few tier two consulting firms like Deloitte, PWC, Accenture, KPMG etc visiting A- and B as well, but if you want to have a shot at all of these firms, A+ is the place to be. Some of these firms are also known to discriminate in the compensation offered at different institutes.

General management: GM profiles offered by TAS and Aditya Birla Group are some of the most coveted rotational programs, and are generally offered only at A+ and A- (TAS is also offered at SPJIMR,FMS). M&M covers some of the B campuses as well (IIM I,K,SPJIMR,FMS)

There are specialized consulting firms visiting A and B campuses, but for these it’s better to look at the campuses individually.

IT:

Most IT/ITes/IT Consulting firms visit A and B campuses alike. However, when it comes to giants like Google, Amazon, Cisco- they visit just the A+ campuses. Firms like Microsoft offer different profiles across A and B campuses.

It is the point of view of a few of us that the gulf between A- and B is not as high as A+ and A-. This should be kept in mind while choosing B schools, and the decision of “Should I give CAT again?”. Also, one should carefully think about the kind of job profile he/she wants post an MBA and decide on whether a particular B school is good enough for them or not. I hope this article takes a step forward in addressing that.

– Karan Maroo

(The author is an alumnus of IIM Indore – Class of 2011 and of IIIT-Hyderabad – Class of 2009. He was the winner of ‘Aswamedha 2010’ – One of IIM Indore’s flagship events. He will work with Standard Chartered Bank and was the member of the Placement Committee of IIM Indore)

 

Profile gravatar of Karan Maroo

Karan Maroo

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