From 61st position in the last year, IIM Bangalore has now raced past the University of Texas, US to grab a place among top 50 MBA colleges as per QS in Executive Education. IIM, Bangalore soon finds itself at the 36th spot globally in Executive MBA and 44th overall. Here we will discuss the college’s rank and scope concerning spendings.
The EMBA rankings is an assessment of MBA programs meant for professionals with prior work experience. In India, various B-schools including the IIM Bangalore have programs applicable for both freshers and working professionals. The one year program in Management is tailor-made for working professionals.
On which parameters QS ranks IIM Bangalore?
The EMBA rankings by QS are based on five parameters. These parameters are as follows-
- Employer Reputation
- Thought leadership
- Executive profile
- Career outcomes and Diversity
Employer reputation carries a weightage of at least 30 per cent, Thought leadership and Executive profile carries 25 percent and 15 percent, respectively. Career outcomes and Diversity carries a weightage of 20 per cent and 10 per cent. All these factors are considered for ranking the Executive PGP course offered by IIM Bangalore.
Why QS Ranks IIM Bangalore among top 50 B-Schools?
It is found that IIM Bangalore has performed excellently concerning career outcomes. This aspect represents the measure and extent to which the students of a particular course enjoy salary increases and growth. IIM Bangalore scores 86.8 on a scale of 100 in this aspect. According to QS, this score represents the excellent scope that students enjoy at this college. Adding to this, IIM Bangalore also scored high in Thought leadership metrics as per QS. All this helped it to break into the top 50 B-Schools in the world as per QS in the Executive MBA sector. In the Asia-Pacific region, the Business School stands at 9th place, among top 10 colleges as per QS Rankings. Overall, IIM Bangalore ranks 44th globally.
Courses at IIM Bangalore
So, now let’s discuss the programs which have earned so much fame for the college. The Executive PGP program offered by IIM Bangalore is a 1-year program designed for working executives. It is a full-time course which transforms executives and managers into much better and creative professionals. The course costs roughly 27.5 Lakhs INR and transforms a student post-completion.
What is required to be eligible?
If you are an applicant, then you must have a valid score in GMAT/GRE along with 5 years of work experience. Also, 50 percent aggregate marks in Graduation is mandatory. Shortlisted applicants will be called for PI round. Let’s take note of the following selection process below:
- The selection will happen based on GMAT / GRE Test score, Academic performance, and steady work experience. The selection process for the Executive program will be conducted in two rounds. Candidates can submit the applications during any of the two rounds. The interview panel comprises two members from the faculty of IIMB and an IIM-B alumnus.
- The panel will evaluate applicants on the aspects of work experience quality, Diversity, leadership skills, sensitivity towards society, and multifacetedness. Applicants who will not be able to attend the interview on a particular date due to overseas travel or coronavirus or any other reasons can be interviewed online through a video call. Applicants must request for an interview through video conference 10 days before the already scheduled interview date. Candidates may note that interviews by videoconference will be held during the specified interview period.
- Arrangements for video conferencing at the location of the aspirant must be arranged by the aspirant only. A multi-factor model is used to select candidates which include the score in academics, GMAT/GRE scores, work experience, performance in the interview and written test. Using the scores in all these factors, a composite score will be calculated for each aspirant. The final offer of admission will be made to aspirants wholly based on the merit list and availability of seats.
The other courses at IIM Bangalore are PGPM, PGP-PPM, PGPBA, M.Phil & PhD in Management. For PGPM, PGP-PPM, PGPBA courses, 50 percent in Graduation along with excellent CAT/GMAT/GRE scores are required to be eligible. The final selection will be based on WAT and PI. The course fees are 23 Lakhs, 19 Lakhs, and 21.15 Lakhs INR, respectively.
For PhD admissions, candidates must have CAT / GMAT / GRE / IIMB Test score along with a Masters degree (or Integrated Master’s degree) OR, should have passed CS/CWA/CS with 50 per cent aggregate marks OR B.E/B.Tech with at least 60 per cent marks.
Placements at IIM Bangalore
Why do aspirants desire to study at top B-Schools? Yes, you are right! It is for placements and future growth. The placement drive at IIM Bangalore in 2020 witnessed a 100% placement. All of the 411 students who turned up for placements obtained at least 488 offers.
An Average CTC offered to PGP students in the current year was 24.54 Lakhs INR PA which is a substantial increase as from last year’s package. Whereas, the median CTC offered is 23 Lakhs INR PA. There were 15 International Placements with an average CTC 62.30 Lakhs INR PA. So, if you are thinking of studying abroad just for Jobs Abroad, reconsider your plan!
The placements of EPGP aspirants at IIM Bangalore were remarkable as well last year, i.e. 2019. Out of 73 students, 64 of them got placed, and the average CTC offered 25 Lakhs INR PA. Consulting Firms were top recruiters followed by Energy companies. Public Sector Undertakings too participated in this Placement Drive.
The average years of experience of the 2019 Batch were-
|Average Work Experience||7.5 Years|
|Lowest Work Experience||5.2 Years|
|Highest Work Experience||15.6 Years|
The quality of the students along with their intellect and experience creates a difference in the overall outcomes. The excellent placements have played a significant role in raising the rank of IIM Bangalore. Thus, IIM Bangalore quite deservingly has made a name for itself in this game of management education and will continue to blossom further.