In a country like India where in nearly every house resides an MBA graduate. This course with gaining popularity is losing out on the employability part.
Recently, a study conducted by Assocham showed the alarming statistics. Where they found less than 7% MBA graduates, who were employable and were getting a good pay.
On the other hand, with growing startup culture, need and demand for this course is nowhere deteriorating. So, what is the solution for an aspirant who wants to pursue MBA?
Simple, the most crucial step is to opt for the best B-school which can ensure job opportunities after MBA. This article is an analysis of the parameters on which any student should opt for his/her MBA or PGDM college.
We compare the two famous B-schools of India, the detailed analysis of both is mentioned below:
Let’s see LBSIM or GIM, which is a better option for you?
Who are these universities, you ask!
Lal Bahadur Shastri Institute of Management (LBSIM), is located in the capital in Dwarka and was established in the year 1995. It is one of the best in Class University because of what it has to offer.
For a creative enthusiast, there is an area to showcase his/her artistic side known as Graffiti Parking, for the studious people, there is a two storey library that has over 20,000 books on various subjects and is surely going to keep you busy.
The inspiration comes from the name Lal Bahadur Shastri and that is how every student begin his/her day- remembering him and his kind words. As for the cultural kind, students love to be in the auditorium or the amphitheater at the Lal Bahadur Shastri Institute of Management (LBSIM).
For those into sports, there is a gaming room where students can enjoy games such as chess, carom and the all-important table tennis (Never empty).
Talking about Goa Institute of Management, as the name gives is in Goa (Yay! you’re probably thinking of beaches by now, but there is catch), there is no other way to say it, but it surely matters a lot- THE VIEW!
GIM is located in the hills and gives you a natural environment treat. Other treats include a multipurpose hall which can be used for various activities that includes dancing, organizing and hosting various events, business talks etc.
Every student in GIM goes through a mini tunnel known as the “Tunnel of Knowledge” that leads to the academic block, it even has a swimming pool (I know!) and an excellent facility of gym- the benefits available for the residential hostel students.
None the less, after taking a journey through what all you might experience in these universities, let’s begin with a violent comparison between both the universities as they lock horns in next segment on the basis of the following criteria:
- Fee Structure
- Placement records
- Student Life
Let the clash begin! (You decide who holds up)
Lal Bahadur Shastri Institute of Management (LBSIM) offers three types of Post Graduate Diploma in Management in full time courses i.e. PGDM General, PGDM Finance and PGDM Executive, each for a duration of six semesters.
It also has a part time PGDM course which is mostly preferred by a working professional. The course structure has been designed to ensure that the management graduates of LBSIM develop a judicious blend of strategic thinking, tactical implementation, specialized knowledge and general managerial skills.
Goa Institute of Management (GIM) offers three main categories of Post Graduate Diploma in Management in full time courses i.e. PGDM (General) which includes Finance and Accounting, General Management and Economics, IT & Operations, Marketing, OB & HRM.
The second category is PGDM (HCM – Health Care Management Program) and PGDM (BDA – Big Data Analytics). Just like LBSIM, It also has a part time PGDM course which, mostly preferred by a working professional.
Fee Structure for both institutes is tabulated below:
|COLLEGE||YEAR 1||YEAR 2||YEAR 3||PROGRAM GRAND TOTAL|
|Lal Bahadur Shastri Institute of Management (LBSIM)||109000||104000||104000||317000|
|Goa Institute of Management (GIM)||137600||115600||123800||377000|
Let’s throw you straight data for this.
|COLLEGE||HIGHEST PACKAGE||AVERAGE PACKAGE|
|Lal Bahadur Shastri Institute of Management (LBSIM)||21 Lacs||8.2 Lacs|
|Goa Institute of Management (GIM)||17.4 Lacs||9.7 Lacs|
As per data from MHRD (Ministry of Human Resource Department), the ranking given to the institutes are:
Lal Bahadur Shastri Institute of Management (LBSIM) rank – 24
Goa Institute of Management (GIM) rank – 35
By now you must be having an overview about which university you might prefer, and I believe it is neck to neck, this might be the difference of you choosing the one that is right for you!!
At Lal Bahadur Shastri Institute of Management (LBSIM), students can join various clubs- from Academic to Cultural. Extracurricular activities is prioritized in this institute where the students are given a Mentor Mentee Relationship through which they can open up locked doors in their life.
At Goa Institute of Management (GIM), the life of students is quite energetic with tons of cultural activities that are conducted.
Also, student listen and learn a lot from galaxy of leaders from all walks of society, both nationally and internationally who visit GIM and share their insights with students and provide invaluable knowledge and motivation.
Lal Bahadur Shastri Institute of Management (LBSIM) has a state- of- the-of art Finance Lab which give students access to live data feed from international financial markets and an IBM Analytics Lab which aims to provide real-world industry experience and hands-on lab courses to the students.
The Institute is well-equipped with number of air-conditioned lecture halls and classrooms having modern teaching and learning facilities. The institute also has a concept of a “discussion room” with a purpose of increasing knowledge base through discussion among students.
The Institute has one dedicated medical room with necessary equipment as prescribed by the doctor. The Institute provides separate hostel facilities for boys and girls. The hostels are located within a radius of 3 kms from the Campus with adequate transport arrangements.
Goa Institute of Management (GIM) has a big main library having over 7175 titles and even has a tie up with the University of Ohio, USA which ensures there is great stress upon the need to have an updated library.
There are finance labs that give a real-time access to global financial resources and enable students to link classroom education to actual financial markets. Other things include Data Mining Centres among others.
GIM spacious and well-equipped classrooms, aided by the visual and audio aids, each equipped with a television, video, projection and presentation equipment. GIM boasts a fully residential campus which is compulsory and creates an environment where each student can work with others and have an access to any facility at any hour of the day.
So, I hope by now, you may have decided which one is better? Our suggestion to the aspirants is that before they enroll in any institute, do consider these important factors.