Symbiosis Institute of Business Management (SIBM): Admission 2024, Courses, Fee, Placements, Cutoff & Ranking

Symbiosis Institute of Business Management: MBA/PGDM Course and Fees 2024

The Symbiosis Institute of Business Management (SIBM) offers a range of MBA and PGDM programs with a focus on quality education and various specializations. Here are the key details:

• Admission Process: Admission is based on the Symbiosis National Aptitude Test (SNAP) scores, followed by Group Exercises, Personal Interviews, and Written Ability Tests (GE-PI-WAT).
• Course Duration: The MBA/PGDM programs are typically two years full-time residential courses.
• Fees: The fees vary by campus but generally include academic fees, institute deposit, hostel fees, and mess fees. Here is a summary of the fees for different SIBM campuses:

MBA/PGDM Courses, Duration and Average Fees

Additional Fees: 

• Institute Deposit: ₹20,000 (refundable)
• Hostel Deposit: ₹15,000 (refundable)
• Hostel and Mess Fees: Vary by campus but can be increased up to 10% annually

FAQs on Course and Fees 2024

1. Does SIBM offer any scholarships?

To encourage meritorious students and academic excellence, Scholarships/ Awards are offered to deserving students of the University by the Symbiosis Society Foundation. 

2. What is the cost per annum of an MBA programme at SIBM?

The academic fee per annum is Rs. 5,55,000 with other expenses like hostel fees, mess bill, institute charges taking the count to Rs 6,92,000 payable as first installment at the time of admission.

3. Can I avail a Bank Loan/ Educational Loan to fund my MBA Executive Program? 

Educational Loans can easily be availed from Axis Bank, Indian Bank, Canara Bank, Credila, Bank of Baroda, or Corporation Bank. The payment for first year roughly amounts to 6 lakhs. 

Symbiosis Institute of Business Management (SIBM) : Admission Process and Important Dates 2024

Symbiosis National Aptitude Test (SNAP Test) is the gateway for Post Graduate Programmes of Symbiosis International (Deemed University).

A candidate aspiring to join an MBA programme offered by any Institute of Symbiosis International(Deemed University) [SIU] has to take the common, mandatory Symbiosis National Aptitude (SNAP) Computer Based Test (CBT).

The candidate needs to:

• a)Register for SNAP Test,
• b)Pay the registration fee for SNAP Test,
• c)Register for her/his choice of programme(s) offered by any Institute of SIU,
• d)Pay the registration fee, separately for each programme.

If shortlisted for a programme applied to, the candidate would then need to participate in the further admission process (GE-PI) of that particular programme.

The registration process (including the payment of the registration fee) for SNAP and Institutes is integrated. A candidate can complete the SNAP as well as programme registration (as well as pay the registration fee) on the same portal (snaptest.org)

The process for admission through SNAP Test is as follows:

• Stage 1: SNAP Test Registration
• Stage 2: SNAP Test
• Stage 3: Shortlisting and Selection Process
• Stage 4: Merit List Declaration and Admission

Important dates for Admissions 2024

MBA (Executive) 2024 registrations are open and the last date to apply is Jul 8, 2024.

Important Admission Dates 2024 Admission:

FAQs on SIBM Admission Process 2024

1. Has 2024 admission process begun?

The admission form for the MBA executive programme is available on the website. However, for other courses, it is yet to come out. MBA (Executive) 2024 registrations are open and the last date to apply is Jul 8, 2024

2. What is the eligibility criteria for admission to the MBA programme at SIBM?

Candidate should be a graduate from any recognised University / Institution of National Importance with a minimum of 50% marks or equivalent grade (45% marks or equivalent grade for SC / ST) at graduation level.

Candidates appearing for final year examinations can also apply, but their admission will be subject to obtaining a minimum of 50% marks (45% for SC/ST) in the qualifying examination. Each student desirous of admission to SIBM, Pune must appear for the Symbiosis National Aptitude (SNAP) Test, which is a common written test for admission to all Symbiosis postgraduate institutes.

3. What is the selection process at SIBM?

Appearing for SNAP Test does not automatically qualify an applicant for the next step in selection process at SIBM, Pune. Short-listed Applicants based on SNAP scores will be called for the online selection process. Short-listed candidates are announced via a web link on SIBM Pune’s website as per the scheduled dates. Individual regret letters will not be sent to applicants who are not called for GE-PI. The entire selection process will be held online. Authorised SNAP Admit Card must be produced for appearing in the selection process. This process includes Group Exercise & Personal Interview (GE-PI).

Symbiosis Institute of Business Management (SIBM): Placements 2023

SIBM Pune continues to be a valuable source of talent for employers as it maintained a stellar record in placements with a total of 200+ offers rolled out by more than 75 companies during the summer placements. The placement offers were made by some of the most prestigious recruiters like Accenture, Godrej Industries Limited and Associated Companies, J.P. Morgan Chase & Co, Procter & Gamble and Tata Consumer Products. Aditya Birla Capital, Bain & Company, Ernst & Young, Pidilite, PwC and an array of new recruiters such as Fullerton, Kroll, Luminous, Prism Johnson, Redseer Consulting and Schneider Electric made final placement offers to more than 200 students. 

The institute also tied up with 25 new corporate houses such as Amazon, American Express, Disney+ Hotstar, Goldman Sachs, Hindustan Unilever Limited and Mondelez International. 

The highest stipend offered stood at 4.40 lakhs. The average stipend offered was 2.91 lakhs (a 25% increase from the previous year). The highest CTC on offer this year was 35.05 LPA, while the average CTC and median CTC offered were 26.77 LPA and 24.00 LPA, respectively (16% and 15% increase from the previous year, respectively.)

Key highlights of SIBM Placements 2023 include:

• For summer internships students secured internships across a spectrum of domains and roles, bagging the highest stipend of 4.50 lakhs, with an average stipend of 3.23 lakhs, and a median stipend of 3.00 lakhs for two months.
• The highest CTC offered during placement was INR 35.05 LPA. 
• The average CTC offered was INR 26.77 LPA 
• The median CTC on offer was INR 24 LPA 
• There were a total of 111 pre-placement offers made.
• At 2023 placements there were 58 legacy recruiters and 49 new recruiters.

FAQs on SIBM Placements 2023

1. What is the placement process at SIBM, Pune?

The institute’s placement cell provides students with technical and soft-skills training and internship assistance. A mandatory 2-month long summer internship is to be completed before appearing for the campus recruitment drive. 

2. Is the MBA executive degree recognized by UGC?

MBA Executive is recognized by UGC. The Degree will be awarded at the end of Semester IV, taking into consideration the performance of all the 4 semester examinations, with a minimum requirement of 4.000 CGPA out of 10.

3. Is Placement assistance provided at the end of the MBA Executive Program?

Since the MBA Executive Program is offered to working executives, placement is not an integral part. However, one is exposed to a wide network of professionals from diverse backgrounds. As a result, your network expands which will certainly help you if you are planning for career progression or a change of job.

• Total enrollment : 500
• No. of international students : 25
• Ranking by NIRF : 17