I never applied to SP Jain. But will try to answer your question as I have put some time evaluating 1 year management courses in India.

Approx average salary was surely less than 9 lacs per annum this year. A year before that, when boom was still there in india, it was ~11.5 lacs.

I feel, Report that 100% placement this year is accurate. S P Jain is not an institute which would tamper the placement numbers. May be they have not divulged the some numbers, but I dont doubt whatever numbers they have given.

For me, two year PGDM is the only true flagship programme of SP Jain. Though PGPM is better than GMBA ( sing-Dubai one ), it is far less valued compared to PGDM, at least in terms of reputation. S P Jain has campuses in Dubai, singapore. They are going to open one more in Canada soon. But I guess this will only dilute the brand value of SP Jain. Too many courses in too many campuses makes it very difficult to maintain brand value.

This is a thought provoking disussion. I had done some research on PGPM and was sure to join if I convert. Before interview day, I stayed at my frinds place who had few concerns on my decision. Anyway I did not discuss in detail as next day was interview and I did not want to divert the attention.

Does anyone know average salary of PGPM? Is there a significant difference between one year and two year programs (ranking/placement/ course structure etc.)?

Out of curiosity.............If someone wanted to move to Finance from IT after 5 years............
what could be the biggest motivation?.........can u term it interest? well if you have never worked in finance, how can you develop an interest?

More often, Biggest motivation is Money. In Top business schools, Finance is more rewarding monetarily than IT, particularly for freshers.

There are few, who never worked in finance, yet very interested to be in that field. Such people carry certain opinions/assumptions, which might be very unrealistic. When I was in PU, I met lots who had interest in pursuing specific fields. I had a friend who assumed mechanical engineering would give him opportunity to learn to design cars, aircrafts etc. By the time he completed 2 years of BE, realised what he thought was bit different from reality. He changed his plans, shifted to IT where he assumed he would be developing cutting edge applications and paid huge. Now, after 3 years in IT, He is looking to pursue Finance and applying to Business schools this season. He told me he is interested in M&A;.

I am appalled at your thoughts.

First, you made yourself laughing stock, by bringing NPV angle to PGPX. How can you predict salary of a person using some math ? We are in real world mate, real world where even the best brains cant predict what would happen to a Billion dollar company a month after, leave alone the fate of a person's salary for lifetime.

You seem to be obsessed about just money/placement you get out of PGPX. You have a chance to explain your NPV calculations when Adcom asks you 'Why MBA' ? You show your math talent there, and wait for result.

Second, You still didnt get the point of my previous post. I wanted to make you realize that how absurd is to use math here. I was not worried whether the guy earning in dollars wants to go back or stay in India. btw, why do you think a person earning US salary cant come to IIMA PGPX to get foreign placement ? IIMA PGPX is pretty cheap compared to many international MBAs. Till 2008, foreign placements were pretty much hot in IIMA PGPX. You give objectives of some ppl and assume all have same objectives.

Yes, I am new. I feel life is too short to invest years to get into a B school. Are you quite old into 'this MBA application thing' ? If that is the case, you should wish yourself first before advising 'Brand Manager'.

Finally, the PPP !. Using this very PPP calculation FT ranked ISB above Harvard and Stanford in terms of weighted salaries ( 2008 rankings ). I was wondering I would ever meet a person who buys their math. Now here you are !!

Dear Darth. Vendor,

PGPX is a course designed for Indian placements.
It is designed for executives who want to settle in India. there is a guy in present PGPX batch who did his PGP from IIMB - 15 years back. was head of a corp fin firm in Dubai.
and now wants to settle in India.
so has chosen the PGPX route to go to a senior role in an Indian company.


A Doctor in India earns from around 5-10 lakh/year. A PGP graduate 14 lakhs/year. if you convert this into USD, this is less than the money a Taxi Driver makes in USA.

U CAN NOT COMPARE INDIAN AND US SALARIED. you have to see purchasing power parity.

In purchasing power parity, IIMA is much above than any other school in the world.

(it seems you are new into this MBA application thing, you don't know this fact- that to compare salary you don't use exchange rates, u use PPP)

IN 100,000 USD/Year, can u afford a driver, a maid- NO
I can do that in INR 50,000 per month. so you are poorer to me.

- JUST an example.

Last year there were many who gave up USD100000+ jobs to join IIMA, C PGPX, and even ISB. Most of them failed to get jobs abroad and had to settle for Indian salaries.
Now, Let me use your math for a guy whose Pre-MBA salary was USD 123916 ( for today's rate 48.42 ).

Formula = 4/(15%-10%) = 80 lakhs.
80 LAKH- 20 lakh (PGPX fees) - Rs 6000012.72 (opportunity cost) = Rs -12.72 = NET PROFIT=NPV OF YOUR INVESTMENT IN PGPX.

Approx Rs -13. Looks promising ! isn't it ?

Increment of 4 lakh, growth at 10%, Discount rate= 15% (very high- double of inflation, because of high RISK).

Formula = 4/(15%-10%) = 80 lakhs.
80 LAKH- 20 lakh (PGPX fees) - 10 lakh (opportunity cost) = 50 LAKHS = NET PROFIT=
NPV OF YOUR INVESTMENT IN PGPX.
This does not take into account the intangibles.

I will take your suggestion. My split in GMAT is 770(Q49, V47). Even LKG studs score 50 in Q.

Dear Darth.Vader, learn some maths.

Probably negative :)

PGPX_aspirant11 Says

So, on taking only the incremental cash flows for the rest of life Post PGPX, What is the NPV of PGPX?

Take a look at four recessions:
* July 1981-November 1982: 14 months
* July 1990-March 1991: 8 months
* March 2001-November 2001: 8 months
* December 2007-current: current


Recession 2001 affected placements of 3 batches,
2001 - They had great placements, but got terminated before they graduated.
2002 & 2003 batches had difficult time in getting jobs. In 2004, things became better.

This recession has already stretched for more than 16 months. I feel the current graduating batch i.e. 2010 will have similar or probably even worse placements than 2009 batch. 2011 & 2012 will have difficult time.

Prediction was that by mid of 2009 economy will start recovering, But unemployment will continue to rise till 2010, peaking in 2010 Feb-March. But we are already through mid 2009, and nobody knows whether predicted recovery has actually happened.

Much anticipated thread ! Much appreciated !

Many PGs have been misinformed by fake posts by several coaching institutes.

Hope this thread puts an end to such unethical practices.

Over the past years, we have seen various coaching institutes advertise themselves in unethical, hideous ways on forums and it is definitely a pain for us and for the other genuine users.

As per my experience, I have not seen such low standards anywhere. People try every trick in the book to advertise themselves by posting fake testimonials, misinformation and there are few things which we know which are quite funny stories to tell when these people have been caught.

This thread will list down all the coaching institutes/coaches/trainers who have tried to advertise on PaGaLGuY forums in an unethical manner. This message also goes for other aspiring surrogate advertisers, we will put your name here and it will not be removed from here in any case. The genuine users at PaGaLGuY have seen the worst of GMAT coaching in India. We will be having very low tolerance for any kind of surrogate advertising in GMAT section.

So here is the current list of hall of shame. We sincerely advise you to do lot of research and double checks before believing their claims.

1> GMAT wings/GMAT coach ( Pune ) - Made different ids and posted as different users. Tried to get students in guise of helping others.
2> Jam bo ree - Created tens of ids and threads to advertise for themselves in suspicious ways. We got so sick in the end that we had to "********" their name on the forums.

I will add more as and when we found suspicious elements. All the other aspiring advertisers of suspicious ways, please make sure that your name does not come in the list here, cos we are going to have a very low threshold for suspicious activities on the forums.

Rohit

I came across an article, which delves into "Practicality of the lessons that b-schools impart". Author is an MBA from IIM C.

Excerpts :

----------------------------------------------------------------
Philip Delves Broughton is a journalist who went to study at Harvard Business School...lashed out at his alma mater and at B-schools in general:
"Time after time, and scandal after scandal, it seems that a school that graduates just 900 students a year finds itself in the thick of it.... "
"Given the present chaos, shouldn't we be asking if business education is not just a waste of time, but actually damaging to our economic health?"
Is there something seriously wrong with B-school curricula and the attitudes that B-schools inculcate? Broughton cites HBS case studies that failed to pick up signs of trouble: Enron and Royal Bank of Scotland. How come a school that purports to teach general management failed to see the gaping problems at these firms, Broughton asks.
Case studies at B-schools are intended to focus on a corporate situation and stimulate discussion on various approaches to it. They are not meant to be judgements on a company. Nor do B-school faculty profess to offer ideal solutions in class.
The two years at an IIM gave me a broad understanding of different functional areas - finance, marketing, operations - and a grasp of strategy. These are things that people learn over several years in a business and a B-school helps abbreviate the learning period.
Both B-schools and society at large need to be modest about what B-schools can achieve. To expect B-schools to produce a wonderfully balanced, caring and socially responsible person is sheer delusion. You can't expect B-schools to succeed where Buddha, Jesus and Vivekananda failed.

------------------------------------------------

Here goes the article :
Crisis: Are B-schools to blame?- T T Ram Mohan-Columnists-Opinion-The Economic Times

You may find author's blog and few books by Philip Delves Broughton interesting.

The Big Picture
Philip Delves Broughton Books - Ahead Of The Curve: Two Years At Harvard Business School, Philip Delves Broughton books in India, Philip Delves Broughton Books at the Online Book Store of Rediff Books

I was in Melbourne for sometime in 2006-07. While, I didn't experience any racist intolerance, Two of my colleagues were badly hit and hospitalized in separate incidents. Apart from these, I used to hear many such incidents. I once witnessed a scene where an Indian was chased and kicked by a group on St kilda beach. I am wondering why media is giving such an attention now. Differentiating racist intolerance from opportunism is almost impossible in such incidents. It might be wrong to say every attack is racist.

MBS is a good business school, if you want to pursue career in Austraila. But, I feel Australia doesn't give career opportunites which other developed countries offer. Life is pretty much stagnant there.

I would prefer to go Australia to spend retired life rather for an MBA :)

However my family members, instead of being happy are worrying over the attacks. I am trying to convince them that its just the media hype.
That said, I admit that I am scared too.

That article is written by a ignorant journalist. GMAT hasn't got tougher, just that new 300 questions have been added to OG12. TOI has totally misinterpreted the news ( as always )

Please consider retaking only if you think you can add 40+ points.

Now here comes the sad part
GMAT - 680 / 5.5 (Appeared on match 30th 2009)

Can u suggest me if i should apply with this profile or take another shot at GMAT since there is time till the deadline?

-- Also i tried gmat after it became slightly tougher (I felt it to be significantly tougher than the preps)
"Times of India article May 2nd", is there going to be any consideration for that?