ICFAI Business School-IBSAT 2024
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The BFSI (Banking, Financial Services, and Insurance) sector is rapidly growing. Top companies like HDFC Bank, ICICI Bank, American Express, and Kotak Mahindra often turn to top MBA colleges in India to hire fresh graduates trained to develop the expertise, strategic thinking, and leadership skills required to excel in this field. This article collates the list of best MBA in BFSI colleges in India from where BFSI leaders have been hiring. This list has been compiled based on the official placement brochures and college communications.
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Last year, BFSI companies hired a total of 127 candidates from all the IIMs combined. A total of 355 candidates from other top MBA colleges for different roles across the BFSI sector. Below are the highlights of last year’s MBA in BFSI placement where companies Amex, ICICI, HDFC, and Barclays hire fresh talent.
ICICI Bank: Hired 14 candidates from different IIMs and 40 candidates from other top MBA colleges during the placement drive for the batch 2022-2024.
American Express: Amex has its operations in almost every metropolitan city of India. A total of 6 candidates from various IIMs were hired in the BFSI sector last year.
Axis Bank: It hired a total of 13 candidates across IIMs and 25 from other MBA colleges.
HDFC Bank: HDFC surprisingly hired only 6 candidates from the IIMs and 34 from other MBA institutes.
HSBC: HSBC was in the first position jointly with the ICICI Bank in hiring candidates from IIMs. Just like ICICI Bank, HSBC also hired 14 candidates from the different IIMs and 16 candidates were hired from other top MBA colleges in India.
Check out the list of companies and the number of candidates they hired across IIMs as well as other colleges in the table below.
Company Name | Candidates hired from IIT/IIM | Candidates hired from other colleges | Total Candidates Hired |
ICICI Bank | 14 | 40 | 54 |
HDFC Bank | 6 | 34 | 40 |
Axis Bank | 13 | 25 | 38 |
HSBC | 14 | 16 | 30 |
Kotak Mahindra Bank | 7 | 16 | 23 |
American Express | 6 | 12 | 18 |
Godrej Capital Limited | 0 | 2 | 2 |
IDFC First Bank | 6 | 10 | 16 |
Barclays | 3 | 12 | 15 |
IDBI Bank | 7 | 13 | 20 |
Here’s the list of IIMs and IITs from where HDFC Bank, SBI, Barclays, ICICI Bank, and American Express have been hiring fresh MBA BFSI graduates.
Name of the Institute | Hiring Company | Median Salary |
Aditya Birla Capital, American Express, Axis Bank, Jio Financial Services, Kotak Mahindra Bank, Mahindra Finance | 1650000 | |
Aditya Birla Capital, Kotak Mahindra Bank | 1853244 | |
Aditya Birla Capital, ICICI Bank, IDBI Bank | 1525000 | |
Aditya Birla Capital, HDFC Bank, IDBI Bank | 1600000 | |
Ambit Capital, American Express, Axis Bank, Bajaj Finserv, HSBC, Lodha Capital Markets | 2700000 | |
American Express, Bank of America, Citi Bank, HSBC, Kotak Mahindra Bank, | 3100000 | |
American Express | 3300000 | |
American Express, Axis Bank, HDFC Bank, HSBC, Kotak Mahindra Bank | 3200000 | |
American Express, HSBC | 1725000 | |
AU Small Finance Bank, Bajaj Finserv, ICICI Bank, IDFC | 1600000 | |
AU Small Finance Bank, IDBI Bank, RBL Bank | 1550000 | |
Avendus Capital, Citi Bank, Standard Chartered, HSBC | 3367000 | |
Axis Bank, ICICI Bank, IDFC | 2664000 | |
Axis Bank, Barclays, IDFC | 1873972 | |
Axis Bank, Bank of America, ICICI Bank, Tata Capital, Yes Bank | 1720000 | |
Axis Bank, BNY Mellon | 1860000 | |
Axis Bank, Bandhan Bank, BNY Mellon, IDBI Bank, RBL Bank | 1685000 | |
Bank of America, Standard Chartered | 2000000 | |
Bank Of America, Barclays, ICICI Bank | 1809000 | |
Barclays, Deutsche Bank, Standard Chartered | 2450000 | |
HDFC Bank, IDBI Bank, SBI Capital, TATA Capital, Yes Bank | 1594000 | |
HDFC Bank, SBI Capital | 1261000 | |
ICICI Bank, Yes Bank | 2445000 | |
ICICI Bank, IIFL, Standard Chartered | 2609000 | |
IDFC | 2470000 | |
IndusInd Bank | 3000000 | |
Standard Chartered | 2045668 |
Check out the list of other MBA colleges in India from where the BFSI leaders prefer hiring MBAs.
Name of the Institute | Hiring Company | Median Salary |
Aditya Birla Capital | 1450000 | |
Aditya Birla Capital | 1500000 | |
Aditya Birla Capital | 850000 | |
Aditya Birla Capital | 1000000 | |
ak capital | 830000 | |
Allahabad Bank | 526000 | |
Allahabad Bank | 829000 | |
American Express | 3024000 | |
American Express | 3200000 | |
American Express | 2135000 | |
American Express | 1925000 | |
Aligarh Muslim University, Aligarh | American Express | 526000 |
American Express | 920000 | |
Atal Bihari Vajpayee Indian Institute of Information Technology and Management Gwalior | American Express | 825000 |
Jagan Institute of Management Studies, Rohini, Delhi | American Express | 830000 |
American Express | 1241918 | |
American Express | 700000 | |
Shoolini University of Biotechnology and Management Sciences, Solan | American Express | 750000 |
Jagan Institute of Management Studies, Rohini, Delhi | ANZ Bank | 830000 |
ICFAI Foundation for Higher Education, Hyderabad | Arka Fincap | 1000000 |
AU Small Finance Bank | 600000 | |
AU Small Finance Bank | 1900000 | |
AVANASE FINANCIAL SERVICES | 700000 | |
SPJIMR, Mumbai | Axis Bank | 3200000 |
Narsee Monjee Institute of Management Studies, Mumbai | Axis Bank | 2135000 |
Axis Bank | 1020000 | |
Axis Bank | 1600000 | |
ICFAI Foundation for Higher Education, Hyderabad | Axis Bank | 1000000 |
Axis Bank | 1500000 | |
Axis Bank | 1410000 | |
Axis Bank | 1100000 | |
Axis Bank | 912000 | |
Axis Bank | 480000 | |
Aligarh Muslim University, Aligarh | Axis Bank | 526000 |
Axis Bank | 725102 | |
Axis Bank | 600000 | |
Axis Bank | 785000 | |
Jagan Institute of Management Studies, Rohini, Delhi | Axis Bank | 830000 |
Axis Bank | 1500000 | |
Axis Bank | 450000 | |
Axis Bank | 525000 | |
Axis Bank | 1020000 | |
Axis Bank | 720000 | |
Axis Bank | 480000 | |
Bharati Vidyapeeth's Institute of Management and Entrepreneurship Development, Pune | Axis Bank | 765000 |
Axis Bank | 700000 | |
Axis Bank | 829000 | |
Axis Bank | 1140000 | |
Bajaj Finance | 1100000 | |
ICFAI Foundation for Higher Education, Hyderabad | Bajaj Finserv | 1000000 |
Check out:
The BFSI companies hire candidates for different job profiles listed below.
Investment Banker: Careers in merger and acquisition, underwriting, and advisory services.
Credit Analyst: Evaluating the creditworthiness of organizations and individuals to determine their ability to meet financial obligations.
Retail Banking: Serves as relationship managers, branch managers, and customer service executives.
Financial Analyst: Roles like financial analysts and planners who help individuals or companies with investment strategies and financial planning.
Corporate Banking: Roles in corporate lending, credit analysis, and relationship management.
Product Management: Responsible for developing financial products and services for customers, especially in fintech firms.
Regulatory Affairs: Understanding of industry regulations and compliance requirements.
Investment Banks do hire candidates from different IIMs across the country. Firms like JP Morgan, and Morgan Stanley frequently visit IIMs for on-campus recruitments. Various BFSI companies also recruit IIM students for investment banking roles.
SBI Capital hired 2 candidates from IIM this year. No candidates were hired from the colleges other than IIMs for any roles/positions.
BFSI companies like American Express, HDFC Bank, ICICI Bank, IDBI Bank, Standard Chartered, Barclays, Kotak Mahindra Bank, etc hire candidates from IIM as well as non-IIMs. The BFSI companies hire for different roles like investment banker, risk manager, credit analyst, and product manager.
The average salary of IIM is between Rs. 16 to 35 lakhs per annum. The average package of IIM varies from one IIM to another. The median package of IIM is somewhere around Rs. 25 lakhs per annum.
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
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Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
A career as Marketing Director is also known as a marketing expert who is responsible for the overall marketing aspect of the company. He or she oversees plans and develops the company's budget. The marketing Director collaborates with the business team to plan and develop the marketing and branding strategies for the company's products or services.
A Business Development Executive (BDE) is a professional responsible for identifying growth opportunities and fostering strategic partnerships to enhance a company's market position. Typically, a BDE conducts market research, analyses industry trends, and identifies potential clients or business prospects. He or she plays a crucial role in developing and implementing sales strategies to achieve revenue targets.
A BDE often collaborates with cross-functional teams, including marketing and product development, to align business objectives. Strong communication, negotiation, and relationship-building skills are essential for success in this role. BDE strives to expand the company's customer base, drive sales, and contribute to overall organisational growth in a dynamic and competitive business environment.
Content Marketing Specialists are also known as Content Specialists. They are responsible for crafting content, editing and developing it to meet the requirements of digital marketing campaigns. To ensure that the material created is consistent with the overall aims of a digital marketing campaign, content marketing specialists work closely with SEO and digital marketing professionals.
A sales manager is a revenue-generating source for a company. Any organisation or company which sells a commodity or service requires sales to generate revenue. A Sales manager is a professional responsible for supervising the sales team. An Individual as a sales manager works closely with salespeople, assigns sales territories, sets quotas, mentors the members of the sales, assigns sales training, and builds a sales plan.
The Sales Manager work also includes hiring and laying off sales personnel after evaluating his or her work performance. In bigger entities, sales quotas and plans are usually set at the executive level. He or she is responsible for overseeing the set target or quotas met by salespeople or upholding any policy. He or she guides his or her fellow salespeople and allows them to sell.
Individuals who opt for a career as a business analyst look at how a company operates. He or she conducts research and analyses data to improve his or her knowledge about the company. This is required so that an individual can suggest the company strategies for improving their operations and processes.
In a business analyst job role a lot of analysis is done, things are learned from past mistakes and the successful strategies are enhanced further. A business analyst goes through real-world data in order to provide the most feasible solutions to an organisation. Students can pursue Business Analytics to become Business Analysts.
A marketing manager is a person who oversees a company or product marketing. He or she can be in charge of multiple programmes or goods or can be in charge of one product. He or she is enthusiastic, organised, and very diligent in meeting financial constraints. He or she works with other team members to produce advertising campaigns and decides if a new product or service is marketable.
A Marketing manager plans and executes marketing initiatives to create demand for goods and services and increase consumer awareness of them. A marketing manager prevents unauthorised statements and informs the public that the business is doing everything to investigate and fix the line of products. Students can pursue an MBA in Marketing Management courses to become marketing managers.
An SEO Analyst is a web professional who is proficient in the implementation of SEO strategies to target more keywords to improve the reach of the content on search engines. He or she provides support to acquire the goals and success of the client’s campaigns.
Digital marketing is growing, diverse, and is covering a wide variety of career paths. Each job function aids in the development of effective digital marketing strategies and techniques. The aims and objectives of the individuals who opt for a career as a digital marketing executive are similar to those of a marketing professional: to build brand awareness, promote company services or products, and increase conversions. Individuals who opt for a career as Digital Marketing Executives, unlike traditional marketing companies, communicate effectively through suitable technology platforms.
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
9 IBS Campuses | Scholarships Worth Rs 10 CR
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