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Is it worth investing 11 lacs in Rural Management from XIMB? Can the amount be recovered after 2-3 years of placement?
XIMB Rural Management is worth the investment of 11 lakhs. It is among the best MBA-RM programs in the country. The return on investment is sound. The recovery rate will depend on your course performance and placements. Generally, it's possible to recover the fees within 2-3 years of placements.
Over the last few years, XSRM has maintained a record 100 percent placement rate. The average CTC for Rural Management is around INR 8 LPA. The highest goes up to INR 17 LPA. Microfinance banks, Rural development sectors, Finance, and Marketing are the major sectors that take part in XIMB placement. Pradan, Ujjiwan, Rural Yellow, etc. are the major recruiters for XSRM.
I've got two options, TAPMI PGDM and IRMA PRM. What should I choose?
When deciding on an MBA program, it's important to consider your interests and career goals. If you have an inclination towards rural management, then IRMA would be an excellent choice for you. On the other hand, if you're looking for a general MBA degree and specific profiles post-MBA, then TAPMI may be the better option.
If rural management is your area of interest, then IRMA should be at the top of your list. IRMA has a strong reputation for its rural management program and provides excellent opportunities for students interested in the field. On the other hand, if you're looking for a broader MBA degree and want to explore different profiles, then TAPMI may be a better fit.
When it comes to post-MBA profiles, TAPMI provides a variety of specializations to choose from, including finance, marketing, human resources, and operations. This means that you can choose a specialization that aligns with your interests and career goals. Additionally, TAPMI has a strong reputation in the industry and attracts many top recruiters, which can enhance your job opportunities post-MBA.
Ultimately, the decision between IRMA and TAPMI will depend on your individual interests and career aspirations. Make sure to research each program thoroughly and weigh the pros and cons of each before making a final decision.
Is rural management from XIMB - 3 years work experience with TCS worth it?
Firstly, it is important to understand what management means to you. Yes, just like People going to Microsoft or Google post-Engineering were passionate about coding/computers vis-a-vis those who opted for say a TCS/Wipro. Therefore, if a Management education is an escape route from the monotonous coding life, do not go for this degree. Simply because after a few years of working, you might find yourself in a regretful situation.
Now coming to XIMB, Bhubaneswar as a college, these are the key highlights.
- The colleges have an impeccable infrastructure.
- The faculty is great.
- Great campus culture
- Good placements
However, check the following reasons why you should not go for the Rural Management course.
- The Rural Management course requires a lot of fieldwork and expedition which won’t suffice the basic ROI model.
- The course is shifted to the other campus which is situated in a suburban area. This is a huge downfall as you might be curtailed from important facilities and infrastructure.
- Placement may not be that great, having invested 13 lacs as the course fee itself. With mediocre placement records, this might not be a good return on your investment.
- With a 3 year experience in TCS and a continuous C band, the salary you have now will be more or less equal to what you might get after placements. Hence, it won’t make a huge difference.
- Undoubtedly, the scope for courses like Rural Management is limited, that’s why most people who acquire an RM degree go for corporate jobs at last.
|
Categories |
Rural Management in XIMB |
|
Course Fee |
13.80 lakh |
|
Highest CTC |
13.2 LPA |
|
Average CTC |
9 LPA |
Overall, if you are very much into the management sector, go for courses like MBA and other PGDM courses instead of Rural Management. Limited scope, extensive fieldwork, mediocre placements is not a good return when you pay such a high fee. Hence, choose wisely.
Has the course of Rural Management at XIMB deteriorated?
Xavier Institute of Rural Management which is also a part of XIMB Bhubaneswar offers MBA in rural management program. This program gives the student a MBA Plus orientation along with a regular MBA program. This program offers practical exposure to the rural management along with the classroom programs. There are flagship programs like gramotsavam which are conducted every year by the college. In this event the students get exposure to villages and this helps them to develop their communication and marketing skills while speaking with rural people.
The performance of this program can be evaluated from the placement reports of 2018 and 2020.
|
Particulars |
Placement report of 2018 |
Placement report of 2020 |
|
Highest salary offered |
13.75 LPA. |
13.20 LPA. |
|
Average salary |
7.67 LPA. |
7.78 LPA. |
|
Median annual compensation |
7.40 LPA. |
7.50 LPA. |
|
Average annual compensation of the top 20% of the batch |
10.05 LPA. |
10.85 LPA |
|
Average annual compensation of the top 50% of the batch |
8.70 LPA. |
9.33 LPA. |
|
Number of participating recruiters |
33 |
35 |
It can be seen from the above comparison of placement reports that overall the performance in placement of 2020 has been better as compared to the placements of 2018. Although the highest salary has been little less as compared to 2018 but overall the performance was good. New recruiters were also added as well. Healthcare sectors in placements were also added. BFSI and financial inclusion sectors offered the highest salaries and showed a 41.44% rise in the total numbers of offers being made.
Which college is better for a rural management course, IRM Jaipur or the KIIT School of Rural Management?
One of my friends is an alumnus of KIIT School of Rural Management. So, I am going to share the details as per his experience.
MBA (RM):
The MBA (RM) program is divided into four semesters and field segments. The fee and placements information is given below.
|
Fee |
INR 7.59 Lakhs |
|
Average Package |
INR 6.75 LPA |
|
Highest Package |
INR 8 LPA |
|
Placement Percentage |
100% |
Field Segments:
There are three Field Segments spread across these four semesters:
- Action Research Segment
- Case Study Research Segment
- Management Trainee Segment
Here, you get to work every two months with different organizations on multiple ranges of projects. These segments give practical exposure to the actual challenging environment outside books and classrooms. After the program, students feel confident and have hands-on experience that many don’t possess.
The organizations that visit on campus for field segments and final segments are Bank of Baroda, Myntra, Axis Bank, AP Moller – Maersk, Agribusiness Systems International, Ambuja Cement Foundation, L&T Finance, Lupin Ltd, PepsiCo, CABI, DuPont Pioneer, IndusInd Bank, Tata Chemicals, UNICEF, Edelweiss Financial Services, FCI, and more.
The institute has a legacy of students known for their hard work and dedication in their respective organizations.
Which is the best option among these; an MBA at Christ, development studies at TISS, an MBA at ICFAI Hyderabad, or rural management at XIMB?
First of all, I don’t deem it right for you to compare an MBA with Development studies as both are vastly different. Even comparing a General MBA with that in Rural Management is unjustified. The choice of the program depends on what your inclinations and interests are and what you want to do with your degree.
The points below will help you know the right choice for some general preferences.
- Rural Management: If you want to be in the new markets and provide forward linkages to rural enterprises or backward linkages to large-scale industries, then Rural Management is best for you.
- Development Studies: If you are willing to work in the policy sector, with an understanding of the development and public policy, and want to become an expert in project management, development, and implementation works in both rural and urban development, in a human and spatial context, then Development Studies is perfect for you.
- For Money: If money is your primary goal then look for a good MBA college as the ones you mentioned are just average.
It is essential to know what exactly a course offers and what you are after only then you can make an informed decision
How good is the rural management course from Xavier University Bhubaneswar and which is better, sustainable management or rural management?
The courses, Rural Management and Sustainable Management both have their merits and demerits. Both are core subjects focusing on different aspects.
Xavier School of Rural Management (XSRM) is at par with Institute of Rural Management Anand (IRMA). Xavier School of Rural Management is currently ranked 20th for MBA by Outlook 2020, 10th by Outlook ICARE and 31st by NIRF 2020 ranking. XSRM comes under the top 20 colleges in the world to provide this course.
The placement highlight of XSRM for 2020 is given below:
|
Categories |
Xavier University Bhubaneswar |
|
Highest CTC |
13.20 LPA |
|
Average CTC |
7.78 LPA |
|
Lowest CTC |
7.50 LPA |
|
Job Roles |
Marketing Manager, Semi-Marketing Jobs, Finance, Marketing, Consultancy, development sector, etc. |
This rural sector is said to flourish in the coming years. Keeping the current world situation in mind, many countries including India will shift towards the rural sector. Therefore, it a good option to choose XSRM because of the current demand of the subject, its ranking, placement and job opportunities
In conclusion, one should ace the entrance exam conducted to secure a career in Rural Management.
How good is XIMB for rural management?
Rural management at XIMB is a decent option for students, which is even considered at par with the Indian Institute of Rural Management, Anand. There are several notions in the minds of people, which creates doubt about whether to choose Rural management or not. The points below give a clear picture of the course, addressing the benefits and the genuine outcomes of the degree.
- It consists of all the subjects taught in BM and HRM, along with some extra subjects dealing with rural management.
- You can go through the previous year's CAT cut-offs to decide which institute or stream is better. The cut-off for XIMB-RM is lower than HRM and BM, which makes you to remove it from your preference, which is a wrong notion. More than half of the entire class of rural management have excellent scores in CAT or XAT. Mostly, there are students with CAT cut-offs around 75-90 in RM.
- The rural management course at XIMB is quite good and ranked close to IRMA. It is ranked second in the country after IIM Ahmedabad and 19th worldwide.
- The majority of people believe that Rural Management students are hired only by development agencies and NGOs, which is another wrong notion. Several Consulting, IT companies, BFSI, and FMCG come to recruits RM students in placement.
- People even think that Rural Managers have to work in interior parts of India. But the fact is that most RMs work in tier-1 or tier-2 cities, and visit rural interiors as a part of their work for monitoring their company works.
- Engineering back-out from doing MBA at rural management, thinking that their work experience would be of no value for the degree. But, just like any other streams, work experience gets extra emphasis in rural management too.
- The placements in RM are of average quality at present but are at rapid growth. Having an average package is still satisfactory, which will lead to a handsome package within two years. There are students from RM having excellent salary packages, which are the result of their hard work and maximum course extraction.
- Students from IT companies have a good scope in RM as most IT or consulting companies working in rural regions have projects from government and micro-finance companies, and so are in great demand.
These are some of the key highlights and clarifications to most wrong notions about Rural Management from XIMB, which is indeed a good option having ample opportunities and great scope in the future.
Shall I join XIMB RM course rather than joining Infosys or Cognizant?
XIMB is a highly reputed management institute in India, offering a variety of courses including the Rural Management (RM) program. If you are interested in pursuing a career in rural development, the RM program at XIMB could be a great choice for you. The RM program is designed to provide students with the skills and knowledge needed to work in the field of rural development and prepares students for a range of roles in the public, private, and non-profit sectors.
On the other hand, if you are considering joining Infosys or Cognizant, you would be entering the IT industry. While these companies are highly respected in the IT sector, it's important to consider whether a career in IT is the right fit for you.
When making a decision between the XIMB RM course and a job at Infosys or Cognizant, you may want to consider the following:
- Your interests and career goals: It's important to consider your own interests and goals when making a decision about your career. If you are passionate about rural development and want to work in this field, the RM course at XIMB could be an excellent choice. On the other hand, if you are interested in IT and want to pursue a career in this field, a job at Infosys or Cognizant may be a better option.
- Long-term prospects: Consider the long-term prospects of each option. The RM program at XIMB could open doors to a wide range of career opportunities in rural development, both in India and abroad. Similarly, a job at Infosys or Cognizant could provide you with opportunities for growth and advancement in the IT industry.
- Financial considerations: It's also important to consider the financial implications of each option. The RM program at XIMB will require an investment of time and money, whereas a job at Infosys or Cognizant will provide you with a steady income.
Ultimately, the decision of whether to join the XIMB RM course or a job at Infosys or Cognizant depends on your individual interests, goals, and financial situation. It's important to weigh the pros and cons of each option and consider what will best help you achieve your long-term career aspirations.
What course at XIMB is better, rural management or sustainable management?
RM and SM are different schools now and are no longer considered XIMB. XSRM and XSoS are now Xavier School of Rural Management and Xavier School of Sustainable Management respectively.
- The RM and SM programs come under Xavier University, Bhuvaneshwar. This means that post the convocation, your degree would read “XUB” and not “XIMB”. But you would be happy to know that the faculty is the same and placements are deserving.
- You would be exposed to diverse sectors regardless of what course you are pursuing.
- If RM and SM are the only specializations for you, it’s then up to you to choose whatever future you would like. Agricultural finance and GIS tagging are some sectors that are in trend these days in the line of either specialization.
Both the courses are equally good and have their own importance. So, it’s all your decision, which field you want to pursue your career in.
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