SPJIMR Mumbai delivers best ROI amongst top B-schools including IIMA, IIMB, IIMC, XLRI, MDI; Comparative analysis by MBAUniverse.com reveals

X

Register for CAT 2021 & MBA Admissions Updates

MBAUniverse.com News Desk |
October 11, 2021
SPJIMR Mumbai offers great education at moderate fees and delivers high RoI as compared to top IIMs and other top B-schools including IIMA, IIMB, IIMC, XLRI, MDI that makes SPJIMR a preferred MBA destination for CAT toppers who otherwise have a natural choice for top IIMs. In this article, MBAUniverse.com compares SPJIMR Fees with its peers and comes up with some interesting insights
SPJIMR Fee offers High RoI

When it comes to choosing the right B-schools, Placements, Fees, ROI and Academics are generally the top parameters. In the backdrop of COVID 19’s negative impact on the economy and jobs, MBA aspirants are even more careful about choosing B-schools that offer great education at moderate fees, thus delivering high ROI. In this article, MBAUniverse.com compares Fees, Placements and ROI of Top eight B-schools in India. Continue reading this comprehensive analysis based on latest data to find out who really is the No 1 ROI B-school in India.

SPJIMR Mumbai Admission Open 2022: Apply Now

1. SPJIMR Program Fee: Much lower than Top IIMs
MBA Fees at IIMs and other top B-schools has gone up substantially. The fee at IIM Ahmedabad, Bangalore and Calcutta is about Rs.23 Lakhs and is expected to go up further. Top Non-IIM B-schools like XLRI Jamshedpur and MDI Gurgaon have also increased their fee significantly in last few years.

In this context, SPJIMR Mumbai stands out. This B-school has kept its program fee moderate by choice. SPJIMR PGDM Fee is Rs 19 Lakhs, which is much less than the fee that IIM A, IIM B, IIM C, XLRI and MDI are charging. MBA Fee for even the next tier of IIMs i.e. IIML and IIMK is also higher than SPJIMR. You may be wondering that if Top IIMs are charging more, they will be giving more ROI, but you are in for a surprise! Continue Reading…

MBA/PGDM Fee for Top 8 B-schools in India

Top B-School
2 Years MBA/PGP Fee 2021-23 (Rs. in lakhs
IIM Ahmedabad
23.00
IIM Bangalore
23.20
IIM Calcutta
22.60
SPJIMR Mumbai 19.00
XLRI Jamshedpur
23.60
IIM Lucknow 19.25
MDI Gurgaon
21.34
IIM Kozhikode 20.50

Source: Respective B-schools & MBAUniverse.com Analysis

Note:Fee structure for 2022-24 batch is yet to be announced

Another reflection of how SPJIMR thinks in the interest of students is its application fee. The admission application fee for SPJIMR is Rs1500, which is much lower than what peer B-schools charge. For instance, MDI application fee is Rs.3000 and for XLRI admission you need to apply for XAT 2022 as well as to XLRI by spending a minimum of Rs.2100.

2. SPJIMR Placements: At par with Top IIMs
Despite having a lower fee structure, SPJIMR matches the placements of top IIMs. The Final Placement 2021 process at SPJIMR Mumbai was one of the fastest and got over in just 2 days! While the average salary in SPJIMR Placement 2021 was Rs.26.06 lakhs per annum, the highest salary was Rs.46.65 lakhs.

A quick comparison of placements with top B-schools is below. SPJIMR placement is not only at par with IIM Ahmedabad, it is much higher than XLRI, MDI and IIM Kozhikode.

B-school
Placement 2021 (Avg Salary in Rs. Lakhs)
IIM Ahmedabad
26.13*
IIM Bangalore
28.98
IIM Calcutta
29.00
SPJIMR Mumbai 26.06
XLRI Jamshedpur
25.08
IIM Lucknow 26.00
MDI Gurgaon 23.15
IIM Kozhikode
22.53

Source: Respective B-schools & MBAUniverse.com Analysis
*IIM Ahmedabad final placement 2021 data yet to be released

SPJIMR Mumbai Admission Open 2022: Apply Now

3. SPJIMR ROI: Beats Top IIMs
Amongst the Top 20 B-schools, SPJIMR Mumbai offers perhaps the highest Return on Investment (ROI) barring FMS Delhi, which has Delhi University Fee structure. With the moderate fee and high placements, the students at SPJIMR recover their fees in fewer months than at many top IIMs. Check table below:

B-School
Fee (Rs. in lakhs)
Average Placement (Rs. In lakhs)
Number of Months to Recover Your Fees
IIM Ahmedabad
23.00
26.13
10 to 11 months
IIM Bangalore
23.20
28.98
09 to 10 months
IIM Calcutta
22.60
29.00
09 to 10 months
SPJIMR Mumbai 19.00 26.06 08 to 09 months
XLRI Jamshedpur 23.60 25.08 11 to 12 months
IIM Lucknow 19.25 26.00 09 to 10 months
MDI Gurgaon
21.34
23.15
11 to 12 months
IIM Kozhikode
20.50
22.53
11  to 12 months

Source: Respective B-schools & MBAUniverse.com Analysis

From the data above, it is very clear that the SPJIMR’s PGDM program offers great Placements at moderate fee resulting in very high ROI, which beats even the top IIMs!

SPJIMR Mumbai Admission Open 2022: Apply Now

How is SPJIMR outperforming others?
So you may ask - how is SPJIMR outperforming others? Well, there can be many reasons that can be attributed to why SPJIMR is able to demonstrate such a strong showing. However, we understand the following factors significantly contribute to this outperformance.

1. Top International Rankings: SPJIMR beats IIMB, IIMI, IIML…

While there are many global and national MBA rankings, but one ranking that is considered as the gold standard of rankings by experts is the Financial Times Rankings, which is published by UK based business newspaper Financial Times. In this prestigious International Ranking, SPJIMR has scaled new heights. In the recently released Financial Times MIM Rankings 2021, SPJIMR Mumbai is ranked # 39 globally and # 2 in India while IIM Ahmedabad is ranked #26 globally and #1 in India. IIM Bangalore is ranked #47 globally and # 3 in India; IIM Lucknow, IIM Indore and IIM Udaipur are ranked much below SPJIMR.

Financial Times MIM Rankings 2021: SPJIMR ranked ahead of IIM Bangalore, Lucknow

Top B-Schools in FT Rankings 2021
Global Ranking Position
Ranking Position in India
IIM Ahmedabad
26
1
SPJIMR Mumbai
39
2
IIM Bangalore
47
3
IIM Indore 79 1
IIM Lucknow 79 5
IIM Udaipur 82 6

Source: Financial Times & MBAUniverse.com Analysis

Not just the FT Rankings, SPJIMR was also ranked amongst theTop 200 B-schools in QS Global MBA Rankings released recently.

2. Profile Based Unique Admission Process
SPJIMR admission process is unique and the key differentiator is a Candidate’s Profile. Even if you may not have scored a high 98-99 percentile in CAT, but if you have the desired leadership qualities with good past academic profile, you are likely to be the candidate that SPJIMR is looking for. SPJIMR focuses not just on CAT scores, but conducts a holistic assessment of candidates to pick future leaders and change agents.

Explains Prof. Bindu Kulkarni, Head-Admissions, SPJIMR,“Our selection process is done in two phases. In the first phase (profile-based shortlisting) applicants are shortlisted on the basis of their profiles before submission of entrance test scores. Applicants shortlisted in the first list are called for an early interview as well. They are, however, expected to meet the qualifying scores in at least one of the entrance exams as a qualifier. In the second shortlist applicants are shortlisted basis their profile and entrance scores. During the interview phase all shortlisted applicants are considered on par.”

3. Unique Curriculum & Pedagogy offers Great Learning Experience
SPJIMR has a unique curriculum and pedagogy that nurtures not just IQ but also EQ, thus creating socially aware managers. In addition to regular courses that all leading B-schools offer, SPJIMR takes five key initiatives in ‘Non-Classroom Learning’ area which include ADMAP, DOCC, Abhyudaya, PG Lab and Science of Spirituality.These unique course curriculum at SPJIMR offers three distinct levels of learning:

  • Self-awareness: How do you understand yourself?
  • Self-management: How do you reflect this awareness in your behaviour and interactions with others (interpersonal) and with yourself (intra personal)?
  • Societal awareness: How do you understand societal systems and needs, like the idea of India along with the idea of Bharat? 

Many Recruiters and Alumni rate this SPJIMR pedagogical approach very high as it nurtures grounded managers, who not only just excel in their work but also care for society and people.

4. Smaller Batch Size offering more focus, resources

A very important and an often-ignored factor while choosing a top B-school is to look for the B-school with smaller batch size to enhance learning experience. While top IIMs and private B-schools have very large MBA/PGDM batch sizes, the batch size at SPJIMR comprises only 240 students. This offers a huge advantage for students like easier access and proximity to faculty and higher bonding amongst the batch.

SPJIMR Batch Size: Small is Beautiful

B-school
Batch Size
IIM Ahmedabad
450
IIM Bangalore
540
IIM Calcutta
480
SPJIMR Mumbai 240
XLRI Jamshedpur 357
IIM Lucknow 495
MDI Gurgaon 420
IIM Kozhikode 480

Source: Respective B-Schools and MBAUniverse.com Analysis

SPJIMR Mumbai Admission Open 2022: Apply Now

Smaller batch size helps in faster Placements, better roles and higher average salary!

Looking at all the above factors, MBA aspirants who are looking for a top notch MBA/PGDM program in India that prepares them for not just the first job but a long and distinguished career should consider applying for PGDM Admissions 2022 at SPJIMR. Last date to apply is November 26, 2021. More details and application form are available at this link. SPJIMR Mumbai Admission Open 2022: Apply Now

Stay tuned to MBAUniverse.com for more updates on SPJIMR Mumbai