About SPJIMR:

S P Jain Institute of Management and Research (SPJIMR) is a private b-school of Bharatiya Vidya Bhavan (an Indian education trust founded in 1938). SPJIMR has been established in 1981 and was named after Sahu Shreyans Prasad Jain. SPJIMR as an institution is noted for its mix of western efficiency and eastern ethos that focuses on creating an ecosystem to encourage performance with purpose.

Accreditation:

SPJIMR is accredited by The Association to Advance Collegiate Schools of Business (AACSB), Association of Indian Universities (AIU) and National Board of Accreditation (NBA). 

Rankings:

• SPJIMR is one of the seven Indian business schools to make it to the QS Global MBA rankings for the year 2022. This is the sixth consecutive year that SPJIMR is on this elite list. SPJIMR is part of the 151-200 rankings bracket for the third consecutive year.
• SPJIMR has been ranked by the Financial Times – Masters in Management Rankings 2021. It stands 39^th on the world ranking and 2^nd in India.

What is SPJIMR’s PGPM?

As per SPJIMR’s official site, the Post Graduate Programme in Management (PGPM) is an AICTE programme that comprises 15-months of in-class learning followed by 3 months of Industry Immersion. It is approved by AICTE and accredited by AMBA and AACSB. PGPM offers specialisation in Business Analytics, Information Management, Operations and Supply Chain, Marketing and Finance. The programme will be introducing a new track in General Management for the batch starting in October 2022.

Who is SPJIMR’s PGPM meant for?

This programme is ideal for participants who are looking for an Executive MBA. It is designed as a career accelerator that enables candidates with minimum 5 years of work experience and strong domain expertise, to move to expansive roles in general management.

Eligibility

• Bachelor’s degree with at least 50% marks or equivalent CGPA in any discipline from a recognised university

• Five years of minimum and relevant full-time work experience as on October 7, 2022

• GMAT/CAT scores accepted

• Scores for GMAT taken between August 31, 2017-August 31, 2022, or CAT scores for the years 2019, 2020 and 2021

• GMAT scores have to be submitted through GMAC (Code: 6DQ-MJ-12)

• Last date for submission of GMAT score is August 31, 2022

Programme Overview

• Course Duration: 18 months
• Course Type: Full Time, Residential
• Course Start date: October 8, 2022
• Location: Mumbai, Maharashtra, India

Programme Highlights

• Located centrally in Mumbai.

• Flexibility in choosing courses from a specific function, including contemporary areas like Business Analytics, or even a General Management track.

• Three-week International Immersion from top ranked global business schools.
• Strong Academic-Industry Connect.
• Social Sensitivity through Development of Corporate Citizenship (DoCC).
• Science of Spirituality that helps develop skills to become more centered and grounded, thereby operating with greater relaxation, creativity and objectivity.
• Placements are geared towards career acceleration.

Course Structure:

The programme comprises of three modules:

• Three months Blended Web Learning (Off-campus) – October 2022 to December 2022
• Twelve months full-time residential learning (On-campus) – January 2023 to December 2023
• Three months Industry Immersion – January 2024 to March 2024

Click Here For course structure of PGPM 2022

Industry Engagement:

PGPM at SPJIMR is carefully tailored to meet real-time industry requirements, thus leveraging the experience the students come with. Regular inputs from members of diverse industries help keep the students abreast with current practices, emerging trends, areas of focus, and career tracks. A strong representation from the industry on the Advisory Board of the programme provides a boost to industry engagements. The process is a continuous augmentation in the career graph of the student through:

• Guest lecture series
• Industry-led courses
• Alumni mentorship programmes
• Course of Independent Study (CIS)
• Panel discussions
• Industry-Academia conclaves like Samavesh

Placements:

PGPM follows the rolling placement system for over four months from  September to December. The SPJIMR Career services team manages the campus recruitment process.

Placement 2021 Highlights

• Participants in the batch –  130
• Participating Companies –  75
• First time recruiters –  13
• Highest Salary –  36.32 LPA

PGPM recorded a 20 per cent rise in the average CTC over last year for its participants from the Class of 2021. The average CTC of the top 25 per cent and top 50 per cent of the batch stands at INR 31L and INR 28.7L respectively. The average CTC of the batch stands at 23.62L.

Read the full 2021 placement report.

Learning Goals:

At the end of the programme, the students will:

• Understand unique dimensions of business in India, and yet appreciate the integration with the global economy, thus building a perspective that is both local and global.
• Combine depth in a specific functional area with a comprehensive understanding of the function’s linkage to business as a whole.
• Be able to understand both the privileged and underprivileged sections of society, and take value-based decisions that balance competitive and cooperative considerations.
• Be able to balance analysis and intuition to take effective real-world decisions in a variety of contexts.

___________________________________________________________________________

Profile of the Class of 2022

• Class Intake: 114
• Average work experience: 6.6 Years
• Men|Women : 93|14
• Average Age: 28.6 Years

Educational Background (PGPM Class of 2022)

Admission Process:

The application processing fee is Rs 1,500. It can be paid either by credit card, debit card, net banking or Demand Draft favouring ‘S.P. Jain Institute of Management & Research’ payable at Mumbai.

• Interviews are conducted on a rolling basis typically from March to September
• Shortlisting of candidates on the basis of minimum eligibility criteria and details in the application form
• Interviews will be conducted online on Zoom.
• Early offers are given to outstanding candidates even before the last date of accepting applications has elapsed. Early Offers help you plan your transition from a full-time job to academics smoother.
• Declaration of final list – Shortlisted candidates will be intimated by e-mail and through the admission portal
• Payment of fees
• Commencement of course

Dates and deadlines:

Admissions for the Class of 2023

Know more and apply: https://www.oneyearmba.co.in/spjimr-pgpm-program-2022-23/

Website: www.spjimr.org/pgpm

(Promoted Post)

In the first place is the United States. Ever since the Harvard Graduate School of Business Administration established the world’s first MBA program in 1908, the US has been a favourite destination. In the business school rankings too, the US continues to maintain its supremacy.

While the 1-year full-time MBA programs and several online versions have been making headway, the 2-year program continues its dominance. The advantages cited are that a longer period helps students acquire a more in-depth knowledge, develop networking with peers and the alumni and also gain valuable work experience from the summer internship.

A sizable presence of international students brings the much-needed diversity in the cohorts. Some of the programs also include stays abroad.

1. Click here to Read More About MBA in USA

In the first place is the United States. Ever since the Harvard Graduate School of Business Administration established the world’s first MBA program in 1908, the US has been a favourite destination. In the business school rankings too, the US continues to maintain its supremacy.

The United Kingdom is second with London as the main destination. The city is known as the world’s most competitive financial centre. Unlike the US, the 1-year MBA programs are more in favour here. UK has some of the best-known schools including the Saïd Business School at the University of Oxford, the London Business School (LBS), Cambridge Judge Business School, Imperial College Business School and Alliance Manchester.

2. Click here to Read More About MBA in UK

Canada comes third offering both quality business schools and employment opportunities. The schools include Joseph L. Rotman School of Management, University of Toronto, Ivey Business School, University of Western Ontario, Desautels Faculty of Management, McGill University and Schulich School of Business, York University. As in the case of the US, 2-year full-time programs are popular in this country.

3. Click here to Read More About MBA in Canada

In the fourth place is Australia. Among the best-known schools in the continent are the University of New South Wales (UNSW), The University of Queensland (UQ), University of Technology, Sydney (UTS) and Monash University.

Australia’s location near the fast-growing Southeast Asian business centres enables students to make full use of the learning and exchange opportunities.

4. Click here to Read More About MBA in Australia

Germany is fifth on the list. The country has several well-known institutions including the Mannheim Business School, Frankfurt School of Finance & Management, WHU-Otto Beisheim School of Management, University of Cologne – Faculty of Management, Economics and Social Sciences and ESMT – European School of Management and Technology.

5. Click here to Read More About MBA in Germany

France is sixth on the list. From HEC Paris to INSEAD, ESSEC to Emlyon, the country offers a wide variety of programs. Paris apart from its charm as a cultural centre is also a major financial and business hub of Europe, remaining one of the favourite destinations for MBA aspirants.

6. Click here to Read More About MBA in France

Spain is placed seventh. The country also attracts international students, especially from Latin America with linguistic ties to the country. The major schools are IE Business School, IESE Business School, ESADE and EU Business School.

Singapore, being an important international business hub in Asia, makes it to the list in the eighth spot. The major schools in the island nation are Nanyang Business School, Singapore Management University (SMU) and NUS Business School.

Ninth-ranked Switzerland, globally known for its banking and financial institutions continues to be an attractive destination for MBA aspirants. Among the well-known schools are IMD, EU Business School and the Geneva School of Business.

Tenth on the list is The Netherlands. The country has several internationally known institutions including  Rotterdam School of Management (RSM), Erasmus University, Amsterdam Business School, Maastricht School of Management (MSM) and Nyenrode Business Universiteit. Apart from being a business hub, the Netherlands has one of the highest percentages of startups in Europe.

January 28^th, 2022; Udaipur:  Indian Institute of Management Udaipur concluded Campus Recruitment Program 2021-2022 for its One-Year Full-Time MBA in Digital Enterprise Management batch with 100% placement record for the second consecutive year. The Program was started in 2020 and is India’s only One-Year Full Time MBA in Digital Domain, and as such is a unique offering in the new digital world of business. A total of 128 roles were floated to the students and a total of 47 companies participated in the placement season. The Institute shared Topline findings. IIM Udaipur is only the 4^th IIM that is part of IPRS and will be sharing externally audited placement report after completion of the audit.

The premier B-school announced that the size of this year’s batch was significantly increased over the inaugural batch last year. It consists of 26 students with 3-5 years of work experience, and 11 students with 5+ years of work experience. The average work experience of the cohort is 55 months. The minimum work experience mandatory for doing the course is 3 years.

On this achievement, Prof. Janat Shah, Director, IIM Udaipur, said, “I congratulate the graduating One-Year MBA Batch in Digital Enterprise Management (DEM) for being 100% placed with sought-after roles. The increase in the batch size and the outstanding response by recruiters shows the shift in business paradigms and the rapidly-growing importance of digital learning in the management ecosystem We are happy to see our initiatives in setting up a Centre of Excellence in Digital Enterprise and the 1 year full time MBA have been so well received.”

The students bagged some of the most sought-after roles in highly relevant domains like Digital Strategy, Digital Transformation, Artificial Intelligence and Machine Learning, Digital Experience, and Cloud.

Majors Tech companies such as Accenture Technology, Cognizant, EXL, Innover Digital, Conga, and other companies in the IT Services and IT consulting domain offered sector specific roles. TransWorld Group of Companies offered international roles in Digital Marketing, Analytics, and Corporate Strategy roles.

Companies including Accenture Strategy, IBM, Cognizant, Thoucentric, TheMathCompany, and Lumiq offered both Technology and Management consulting roles. Retail and ecommerce companies like Reliance Digital and Flipkart, and enterprise analytics companies like LatentView Analytics offered analytics roles. Companies including Publicis Sapient, Digite, Accolite Digital, and Decimal Technologies offered product roles. IT Services and IT consulting majors including Thoughtworks, Mphasis, Infosys Consulting also participated in the recruitment drive

Increase in Package:

About DEM Course:

IIM Udaipur’s Digital Enterprise Management (DEM) is the first-ever One Year full-time MBA program in Digital Domain and introduces candidates with work experience to management concepts and leadership styles in the emerging digital business enterprises.

About IIM Udaipur: –

IIM Udaipur is well on its way to becoming a globally recognized B-School. It has broken new ground by focusing on world-class research and transforming students into tomorrow’s managers and leaders. The Institute arrived on the global education stage by securing accreditation from the AACSB (Association to Advance Collegiate Schools of Business) in merely eight years of its establishment. With this accreditation, IIM Udaipur is counted in the same league of global institutes such as Harvard Business School, Wharton School at the University of Pennsylvania, and the MIT Sloan School. IIMU has been listed on the Financial Times (FT) Global MIM Ranking 2020 as well as the QS Global MIM Ranking 2020, only the 4th IIM, along with IIMs Ahmedabad, Calcutta, and Bangalore, to be in the FT Global MIM Ranking and only the 7th IIM in the QS 2021 Global MIM Rankings. In both Rankings, IIM Udaipur is the youngest B-School in the world! IIMU is also currently ranked 4th in India, after ISB, IIM Ahmd and IIM Bgl, for research in management according to the methodology used by UT Dallas, which tracks publications in the leading global journals.

Many MBA applicants who are over the age of 30 (or closer to 40) ask these questions:

• ‘Is it too late to enroll in a full-time MBA program?’
• How do B-Schools evaluate MBA applicants over 30?’
• ‘Should I even apply to a full-time MBA program if I’m over 30?’
• ‘Will my age force me to choose between an Executive MBA or a part-time MBA?’
• ‘Should I go for an MBA or an MS?’
• ‘Am I too old for an MBA?’

Most of these older applicants ask these questions in regards to regular American 2 year full-time MBA programs. There are many 1 year MBA programs with a student body whose average age is close to 30. In fact, a few 1 year MBA programs have a student body with an average age that is greater than 30. However, a statistical and psychological bias applies with 2 year MBA programs with regards to people who are aged 30 or over.

Why do those over 30 consider enrolling in a 2 year of 1 year full-time MBA program?

30 somethings enroll in MBA programs for the same reasons that their younger counterparts do. They want the experience that a full-time MBA program offers students. They also want to earn more once they do earn their MBA degrees. Finally, most of these students want to belong to an exclusive MBA alumni network.

Many 30 somethings may have familial or other obligations that may force them to seek higher-paying jobs. These people find that an Executive MBA program doesn’t offer the same Return on Investment (ROI) that a full-time regular MBA program does. However, many of these people do keep Executive MBA programs in mind as backup options.

These older students often have higher-paying jobs that may be difficult to leave to enroll in a full-time MBA program, many Business school admissions boards are not thrilled about accepting 30 something students either. Why?

Why do MBA programs have very few students who are over 30?

The reason why 30 somethings are not found in large numbers in regular full-time MBA programs is because of the psychological bias that was mentioned earlier. This bias stems from the following assumptions:

• Older MBA students will have a harder time finding jobs. This will negatively impact the business school’s job placement statistics and numbers. These stats and numbers are a very important factor in terms of MBA rankings.
• Older MBA students won’t have that high of an increase in salary if and when they are offered a job after graduating from the MBA program. Since schools whose students have higher starting salaries after they graduate are often ranked higher, this is a major issue for many of the nation’s and world’s elite business schools.
• Many feel that 30 something students will be far more mature than their 20 something peers. Therefore, overall mingling will be difficult for the students.
• 30 somethings often have family commitments (like taking care of young kids.) This makes them tend to prefer enrolling in Executive MBA programs.
• Opportunity cost- many 30 somethings may not be able to afford losing one or two year’s salary when they also have a home mortgage and their kids’ college educations to pay for. Also, because they’re older, they’ll be giving up a much higher salary than their 20 something peers would.

How can you improve your chances of being accepted into a full-time MBA program if you are a 30 something?

You may be tempted to formulate a plan of action that will increase your chances of being accepted into a full-time MBA program if you’re an older applicant. This is probably especially true now that you know about the common assumptions that inform the psychological bias that discourages many 30 somethings from enrolling in full-time MBA programs.

A good start to forming this plan of action lies in seeing how many of the admissions’ officers concerns and questions (listed above) you can answer in your MBA applications as you are going through the process of being admitted.

For one thing, you need to come up with a much stronger storyline than your 20 something peers would need to, you especially have to do this when explaining your career goals and plans once you graduate. Some factors to consider are the jobs that you want to land once you get your MBA degree and how getting an MBA degree would help you accomplish that.

These may be typical questions that the Business School’s admissions committee will ask you. However, you need to be innovative and creative in answering these questions. Also, make sure that these answers are solid and logical. Be sure to do the same when formulating your application strategies.

Remember that if you have a half-baked storyline or a storyline that’s not considered mature for your age, this will hurt your admissions chances by strengthening the Business School’s bias against you. You need to build your case for acceptance and not hurt it!

You must help them understand that maturity, wisdom, and knowledge come with older age. You also have to help them understand that your advanced age also means that your insight, knowledge, and experience are enhanced. This will help you land a much higher-paying job than a 20 something would be able to upon graduation.

You should also explain how exactly you can help your younger classmates learn and mature more. The last point is important since elite business schools tend to value the power of peer learning.

Third, since placements for ‘senior citizens’ is a concern for B-Schools, you can take down their worries about placing you down a notchby:

1. Showing them that you are comfortable in your current role and are not looking at placement support (doesn’t mean you don’t use the placement opportunity later on)
2. Sharing that you have solid inroads into the corporate world and have an extensive network that will be enough to find you a job aligned with your interests.
3. You could also mention entrepreneurship as a reason you want to do an MBA.

Is it too late to do an MBA at age 30 or older?

You need to know that most MBA schools don’t discriminate on the basis of age when deciding whether or not to accept applicants. Instead of imposing mandatory age limits, most MBA programs tend to have a minimum in terms of the years of work experience that people must have before applying.  In fact, many business schools prefer to accept older applicants with many years of work experience.

According to Forbes.com the average age of new students at Harvard’s MBA program was 27. That said, more than 10% of the students had at least 7 years of work experience. Some students even had as much as 17 years of full-time work experience. Many other schools offering elite MBA programs like Columbia and UCLA gladly accepted students who were in their 40s. However, the average age of students in 20 of the top MBA programs was 28.

It’s interesting to note that all of these schools have students with more than 10 years of work experience. MIT and Sloan have students with more than 15 years of work experience.

So you can be admitted into an MBA program if you are 30 or over, but what should you do after this happens?

Well, the best way to answer this question is to compare what you want to get out of your MBA degree and education and what you want to do with your degree after graduating with the options that an MBA degree and education really offer you.

1. Will you be able to find a job with a higher starting salary after you get your MBA?

How great of an increase in salary can you expect after receiving your MBA degree?

Well, it depends on what you want to do in terms of a career after you graduate. It also depends on the industry that you want to work in and the level of managerial position that you want to land. However, in general you can expect to earn anywhere from $20 to $70 K more after you get your MBA degree.

            Now if at 30, you are already at $70-80K, this does not mean you will not land a substantial raise after an MBA, but it may not be through campus placement as recruiters have a certain ballpark within which they want to hire from campus. If you do get a raise, it may be 10%-20% as your base salary is already high, while other students get 50-80% increments, since their salary is comparatively less.

The percentage increase does not matter, as long as what you take home. What is worth considering is should you wait for the promotion or increment at your existing job or get an MBA? While both may bring a 10-20% raise, the MBA will pay across multiple years, by enabling functional and role shifts, while without an MBA your career may not rise beyond a point.

1. Will an MBA degree get you the role that you want?

Your goals and aspirations after an MBA should be aligned and achievable.

If you are 30 years old and have 8+ years in marketing and suddenly want to shift to private equity, well that is a leap no MBA will enable you to make.

On the other hand, if you are looking for shifting from a below the line or activations profile to a marketing generalist role, then an MBA can surely open the door to such a role for you.

Moot point – a complete role change at 30 is a challenge. Quite like Bollywood then, where once you are a hero or villain you are typecast forever. 

1. Can I afford an MBA degree?

You’ll be making a huge investment in your academic, professional, and personal lives by getting an MBA degree. Keep in mind that the total cost of attending the top-50 programs starts at $80K and can cost as much as $200K. But you have to take other factors into consideration. These are the salary that you would have earned if you had stayed at your present job (you’ll be giving this up). You also have to take the value that an MBA will give your career over the course of your working life into consideration. Remember that this value can’t be calculated over the course of a few years.

Other factors to consider are if you can afford to pay for family costs, and a car and home mortgage while not earning an income and taking on extra debt to finance your MBA education?

When an MBA after 30 makes sense & when it doesn’t

1. Stagnation / mild course corrections

If you want to stay in the same function, or make mild alternations in your journey while staying in the same core function an MBA can make sense even after 30.

We are talking about changes such as IT to IT Consulting, Digital marketing to Above the line marketing, Doctor to Hospital Management, Army to Operations Management.

2. Growth into senior management

If senior management roles in your company necessarily need an MBA, then you can consider an MBA to be eligible for top roles. The aim then is not immediate payoff, but payoff over a longer term.

3. Knowledge gain

This can be a good reason to pursue an MBA as an MBA make you into an all rounded professional well versed with all aspects of business. The importance of this cant be overstated in today’s business world where cross functional teams collaborate on work frequently.

4. Entrepreneurship

An MBA can be excellent way to network, find future co-founders, and understand business in a structured manner before going into the deep end.

Why not just invest the money into business instead of pursuing an MBA? Aren’t there plenty of businessmen without degrees? Ambani isn’t an MBA after all?

All valid questions, however it’s a matter of probability. Can you be a successful businessman without an MBA? Certainly.

Is the chance of succeeding in business improved with an MBA? Certainly!

Alternatives to a full-time MBA program

You have many options if you don’t want to attend a full-time MBA program but still want to continue with your education. This is especially true if you work full-time and want to advance further in your career. These options span the range from Executive MBA programs to specialized Masters’ degree programs. The following table summarizes the key differences in these programs: