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23 Sep 2021, 09:39
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Hi, as SPJIMR also accepts GMAT, how does it compare to ISB? Given that spjimr has 2 years course while isb has 1 year.
I am a IT professional with 3 years of work experience, and want to stay in IT field as product manager.
Posted from my mobile device
I am a IT professional with 3 years of work experience, and want to stay in IT field as product manager.
Posted from my mobile device
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23 Sep 2021, 09:53
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I had to make the tough decision to choose ISB PGP over SPJIMR PGDM this year. While in my opinion, SPJIMR's ROI seems slightly better to me, ISB has a better brand value and a richer alumni network.
aarjavsingh
GMAT 1: 760 Q50 V42
Posts: 35
Updated on: 23 Sep 2021, 10:52
Originally posted by aarjavsingh on 23 Sep 2021, 10:45.
Last edited by aarjavsingh on 23 Sep 2021, 10:52, edited 1 time in total.
Last edited by aarjavsingh on 23 Sep 2021, 10:52, edited 1 time in total.
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DeusTacitus22
Not Sure what makes you think this way. Here is my argument just for the ROI point you had raised.
I am going to consider average values for this argument.
ISB fees for 1 Year: 37,00,000 INR
ISB Average package: 28,29,000 INR
SPJIMR fees for 2 years: 16,25,000 INR
SPJMIR Average package: 26,06,000 INR
ISB:
4 years( 1year study + 3 years work): 3* (28.39) Lakh - 37 Lakh= 47.48 Lakh [ assuming no increments on your package in 3 years]
SPJMIR:
4 years( 2 yrs study + 2 yrs work): 2*(26.06) Lakh - 16.25 Lakh= 35.62 Lakh [ assuming no increments on your package in 2 years]
The difference in ROI of 12.25 Lakhs is in favor of ISB. Also, if you switch after 3 years, you will most likely gain a raise over a higher package than what you would get out of SPJIMR.
Now setting the ROI argument aside for a while. The cohort of ISB has more professionally experienced students than the cohort of SPJMIR. An Alumni base is one thing and your cohort is another. One can only imagine how much more benefit you will gain by just interacting with established leaders/managers of the corporate world as opposed to interacting with just aspiring leaders (Here I am pointing towards the difference in average experience and work profile of the cohort of the 2 esteemed schools). I am not saying the other is bad. I am saying that if given an offer to study only at SPJIMR, I would not think twice. However, if I would also have an offer from ISB besides SPJIMR, I would go for ISB without a hitch. Hope you get what I was trying to convey here.
I would also like to say that ROI and cohort, though important factors, are not the only ones that you should consider while choosing your schools. Looks like you want to build a project manager career. So go ahead and research which of the two gives you more convincing pointers that you believe will surely lead you towards your inclinations.
