B-school Review: ITM Bengaluru offers lower cost and attractive payback

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MBAUniverse.com News Desk |
May 6, 2013
While the group is known for its Navi Mumbai campus, ITM offers Post Graduate Diploma in Management (PGDM) courses at 6 campuses across India. So what differentiates its Bengaluru campus?
While the average annual salary package at ITM Bengaluru was Rs 4.5 Lakh during the last placement season, the highest package stood at Rs 6.5 Lakh.
Navi Mumbai based Institute for Technology & Management (ITM) Group was in news last year for revamping its curriculum to make it more industry oriented. Called Post Graduate Diploma in Management (PGDM) iConnect, the two-year full-time programs at all ITM colleges are no longer formatted on a trimester or semester pattern rather a set of discrete terms of study, industry immersion and applied research.

While the group is known for its Navi Mumbai campus, ITM offers Post Graduate Diploma in Management (PGDM) courses at 6 campuses across India. The group has a network of campuses in South India, namely Bengaluru, Chennai, Hyderabad, Vishakhapatnam and Warangal. Now, ITM is also expanding its reach in North through its planned B-school in Delhi-NCR.

Dr. P. V. Ramana, Founder and Chairman of the ITM Group Institutes, strongly believes that the approach of MBA programmes should be highly industry-relevant. Talking about the USPs of ITM Group B-Schools, Dr Ramana said, “The true yardstick for ITM PGDM pricing is the payback for student. In all our campuses and programs the total cost of the program can be recovered in 2 years or less based on average starting salary. We think that if you cannot get into IIMs you can do well by joining ITM B-schools. We see that after first couple of jobs, ITM graduates are valued equally based on their performance.”

So what differentiates the Bengaluru campus of ITM?

In 1992, ITM established its second Business School in Bengaluru, the “Silicon Valley of India”. ITM Business School Bengaluru is situated in South Bengaluru, a fast emerging hub for technology giants which provide the right ambience for intellectual pursuit and industry integration.

ITM B-School Bengaluru is now 21 years old and has enjoyed 100% placement. In fact many students from North prefer Bengaluru, as many good recruiters come to Bengaluru ITM and the costs are lower there.

The academic block boasts of auditorium, seminar halls and classrooms accommodating 86 students at one time and has latest Technology viz, LCD Projectors, Wireless Internet. Spread over 3.5 acres of green campus along with well furnished hostels and administrative building ITM-Bengaluru provides the homely ambience for high intellectual pursuit.

ITM Bengaluru is led by Director Dr. Sarita Iyer who is an Alumnus of the first batch from ITM Business School Navi Mumbai, with an MBA in Human Resource Management. She subsequently did her Masters in Marketing and her MS in Education. She pursued her M.Phil in Marketing and her Doctorate from the Golden State University USA. She has 4 years of industry experience in The Taj Group of hotels and Alpic Finance and over 15 Years of rich academic experience.

Some of the Notable Alumni of ITM Bengaluru are Biswaranjan Nanda, Vice President & Head- SEG Business, Axis Bank Ltd, Corporate Office, Mumbai; Anand Kumar PVS

CEO, Vibatel solutions pvt. Ltd; Geetha Ritika Patel, Assitant Manager - Human Resources, Mahindra Ltd; Aakarsh Bharadwaj, Territory Sales Manager, Idea Cellular Ltd;  Anirudh Agarwal, Regional Sales Manager, Real Estate Ratings with CRISIL Ltd; Gaurav Talwar

Director - Sales & Marketing (Middle East, Africa & Indian Sub Continent).               
                              
Placement is a buzzword at ITM Bengaluru. Final Placement is the one event that every PGDM student looks forward to. With hundreds of India’s best companies coming on campus with a variety of job profiles, the placement process at ITM gives students a lot of opportunities. At ITM, Career Services is integrated into overall PGDM program, exposing you to workshops which focus on topics such as Self Assessment, CV and the writing of a cover letter, Career Strategies, Competency based mock interviews, Time Management, Salary Negotiation, Personalized Coaching, and Networking.

While the average annual salary package at ITM Bengaluru was Rs 4.5 Lakh during the last placement season, the highest package stood at Rs 6.5 Lakh.

The fee for 2-years full time AICTE approved PGDM is Rs. 6.55 Lakh for two years. CAT, XAT, MAT, GMAT, CMAT and State CET scores are accepted.

Last year, ITM Group revamped its MBA program to increase more focus on industry relevant content, and enhanced employability of its graduates. ITM management says that the response from Industry for the ‘radically different’ PGDM is very positive. Industry has adopted this approach in a big way and we have secured over 1000 internships this year, for 6 months on-the-job-training with stipends ranging from Rs 10K to 20K per month, says ITM. 

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