We had organized a JBIMS call getters meet last Sunday and this post is a brief of what got discussed and some key takeaways for those who could not make it. This post is also on how one can prepare for JBIMS GA WAT and PI. We discussed the following points:
1. Why JBIMS?
2. Faculty information and institute activities
3. MMS v/s M.Sc. Finance
4. Group Activity
5. WAT
6. Personal Interview preparation
We had kept some time for queries towards the end. Coming to the individual points:
1. Why JBIMS?
A lot of people want to get into JBIMS. Why? The answer shouldn’t really be ‘placement’ or ‘money’ (panelists don’t really appreciate students bringing in these topics during the interview. They know the underlying motive. But try to avoid talking about these things). Instead, focus on the following points. There might be additional reasons and you should include them in your answer somewhere.
- Return on investment. For around 2 lac fee structure, you definitely get more than what you spend. Doesn’t make sense to call it ROI but the value that you get far exceeds the cost you incur. Put it in subtle words.
– Brand value. JBIMS has been there since 1965. For quite some time, it was the only institute offering management education in Mumbai.
– Exclusive professors. Fortunately, there are professors who teach only at JBIMS (occasionally, they also teach in other institutes but have been associated with JBIMS for a really long time). Learning from them is not just learning but learning from 30+ years of experience which is a hell of a lot of value addition.
– Quality of students. Till last year, through CET and other exams (and during my time as a student at JBIMS), only 99.9+ percentilers have made it to JBIMS. Students have diverse backgrounds and experiences adding to the batch quality.
– Location – Being in Mumbai, it’s always easy for corporates to visit JBIMS for industry interaction and placements.
– Alumni network. A lot of companies started visiting the campus because of the work that JBIMS alumni did in the industry. (Read why McKinsey comes to JBIMS)
– Student driven. Considering 8-9 odd student committees and clubs, 50-60% of the batch is involved in some or the other activity. Students drive most of the activities on campus.
2. Faculty information and student activities
A lot of people have been speculating as to who will be there on the panel. In our view, core and visiting faculty will be called to conduct the process. One can find the list of core and visiting faculty on JBIMS website. Coming to student activities, there are three clubs in the institute (Consulting, Finance, Marketing) and nine student committees (Alumni, Corporate, Student, E-cell, Catalyst, Infrastructure, Placement, Strategym, Web). One aspect that most of the candidates miss out on is talking about what they would like to do once they are a part of the institute. Someone who is keen on marketing can definitely talk about joining the marketing club if one gets through
3. MMS v/s M.Sc. Finance
MMS being the flagship program, the value that MMS offers is definitely greater than M.Sc. Finance. Having said that, it’s a good option for those who are focused on Finance and for some reason, not able to get through the MMS program. Far better than doing MMS from some tier 2 institute, IMHO. It will take some time to get recognition from the industry the way JBIMS flagship MMS program gets, but it will happen for sure. Plus, the student intake is only 30 for M.Sc. Finance and it’s easier to compete in 30 students than in 120 students (depending on your preference for competition). Also, it’s half as hectic as the MMS program which gives you ample time to do additional certificate courses related to Finance (CFA, FRM, etc.). For placements of MMS program, click here. For M.Sc. Finance placements, click here.
4. Group Activity
In two days from now, we will come to know what kind of Group Activities are being given to the candidates. We conducted a case based GA for the students who were present at the session with 5 minute reading and 15 minute discussion time. Total closure in 30 minutes flat. You can try this group activity here (The objective of this activity is to individually rank the list of culprits and then as a group arrive at the final ranking of culprits. It’s quite obvious that in such cases, there are no right or wrong answers but what ultimately matters is how the group works out a solution considering the points raised by the group members).
5. WAT
WAT topics will mostly be generic topics/current affairs. Reading what has happened in India and the world will help. Topics which people can read about (indicative) are:
Greece and the Eurozone Crisis, Section 66A, Opposition to the Land Acquisition Act, ISIS, Jan DhanYojana, Swachh Bharat Abhiyaan, The National River Linking Project, Mangalyaan and the Poverty Conundrum, 2014 Nobel Peace Prize, Maharashtra Beef Ban, Make in India, Railway Budget, Union Budget, Air India, euthanasia, Uber Cabs incident, Disaster preparedness and Cyclone Hudhud, Air Travel Safety, Mumbai SEZ, Cricket: No more gentleman’s game, The BBC Documentary Ban, IIT/IIM Subsidies, Barack Obama’s visit to India, Delhi Elections and Victory of the Common Man, Black Money and the impact on India’s economy, India’s Defense Budget, Judicial Activism in India.
They say every story has three parts. The beginning, the conflict and the end or the resolution. Similarly, WAT submission should have a structure. Write it as an article and make sure that you stick to the word limit. Keep it to the points. Use relevant quotes and figures, only if you are sure.
6. Personal Interview
Based on our experience of mentoring more than thousand students over the last few years, we know what it takes to crack a PI. A commonly asked question is if one can prepare for PI which in reality should be an ongoing process. One can definitely prepare for PI and the starting point is your CV/resume. One must know everything that’s there on one’s profile. Ask ‘Wh’ questions. For example: Why did you take up engineering? What was your exact role in the organization? Where did you do a particular project. These questions will help you gather scattered pieces of information about your own life and will be easy to recollect during the interview stage. Find things that you think are trivial and see if they are relevant or significant. For example, one might think that winning a debate competition in a random college fest is not relevant. but it brings out a lot of qualities in you and should be mentioned somewhere.
Talk to your parents, colleagues, and friends and ask them if they remember the course of your life. Ask them your strengths and areas of improvements. External feedback is extremely useful at this stage. During the interview, bring out what’s unique to you and why you are different from others. Highlight your achievements. The interviewer will trust what you say if he/she thinks that you are saying it with conviction and confidence. Don’t lost hope if you find interview is not going in the right direction. Ask for more time if you can’t recollect an answer. Don’t go rehearsed. Attend mock interview(s) one or two days before the final interview. It will definitely help you become better.
We also suggest reading our article on GA WAT and PI here.
All the best for the process. In case you want to have your profile reviewed or simply want any assistance with regards to personal answers/interviews, you can drop a mail to learningroots42 [at] gmail [dot] com.
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