SIBMT- Suryadatta Institute of Business Management & Technology, Pune

Overview

Suryadatta Institute of Business Management & Technology (SIBMT), Pune, is a highly ranked Business School in Pune, ranked among the top 50 MBA colleges in India by the Times B-School survey in 2020. It aims to create future managers and leaders who are deeply grounded in Indian values. The flagship two year MBA program offers majors and minors in multiple specializations, including Marketing, Human Resource Management, and Finance.

The Employability Enhancement Program of SIBMT Pune ensures that all MBA students are well prepared for the final placement season. Several MNCs are active recruiters from SIBMT, including Amazon, Edelweiss, Tech Mahindra, and Airtel Payments Bank. The Institute has a unique focus on entrepreneurship as a career path, and supports startup oriented students through the Innovation Cell and industry connections for funding and mentorship. 93% of registered students were successfully placed in the most recent season, and the median salary was INR 5.96 LPA.

SIBMT is home to several active clubs that allow MBA students of the Institute to develop their personalities and follow their extracurricular interests. One of the most prominent student associations is the Innovation and Incubation Cell, through which students can access mentorship and funding for their startup ideas. Students of SIBMT can also work with other institutions within the Suryadatta Education Foundation umbrella for extracurricular activities, sports fixtures, and college fests.

Highlights

Fees

The total MBA program fee for students of SIBMT Pune is INR 5.1 Lakh. This is to be paid in three installments: INR 50,000 at the time of registration (to confirm acceptance of the offer), INR 2.1 Lakh at the beginning of the first year, and INR 2.5 Lakh as the second year fee. This amount includes tuition fees, laboratory charges, induction costs, industry visits, placement training, access to online journals, and value added certifications. All global and local immersion programs and trips are charged separately.

The hostel fee is variable depending on the type of accommodation; it ranges from INR 60,000 to INR 1.44 Lakh per year. Other living costs include mess fees and shopping for personal items.

Admissions

The eligibility criteria for admission to SIBMT Pune, are as follows:

• The candidate should hold an undergraduate degree (of minimum duration three years) awarded by any University recognized by UGC, India. Students in the final year of such a degree may also apply
• The aggregate over all the UG semester examinations must be at least 50% (or 45% for reserved category candidates).
• The candidate should have a valid rank after successfully giving any of these MBA aptitude tests: MHT-CET, CAT, XAT, CMAT, or ATMA.

The application and admission procedure to the MBA program at SIBMT is done as per the guidelines laid down by Savitribai Phule Pune University. Details of the procedure can be found on the Maharashtra CET website:

• Filling up academic history details on the MHT-CET website, including marks obtained and subjects taken at Standard X and XII level and detailed UG transcripts.
• Uploading all documents required to the MHT-CET server.
• Payment of the registration fees through any online mode (netbanking / debit card / credit card).
• Verification of documents in person at any authorized Savitribai Phule Pune University center.
• Checking the Merit List on the CET website on the prescribed date, and appearing for the final GD and PI round on campus.
• Filling up the counseling choice sheet. The College Code for SIBMT is MB6548.

Placements

As one of the top MBA colleges in India, the placement highlights  of SIBMT Pune are as follows: 

• The median salary of all candidates placed in the most recent placement season for which data was available was INR 5.96 LPA. In the same year, 157 of 169 registered students (93%) were successfully placed.
• Prominent sectors represented in the summer and final placement companies list include Banking, Financial Services & Insurance, Consulting, Agri-Business, Media, and Automobiles.
• Prominent recruiters include the CMR Group, Amazon, Patanjali, Muthoot Fincorp, ICICI Prudential, Godrej Properties, Tech Mahindra, IndusInd Bank, Emerson, Edelweiss, Religare Health Insurance, and Airtel Payments Bank.
• The top four types of careers taken up by MBA students of SIBMT Pune after graduation include corporate management roles in MNCs, higher education (e.g. PhD in Management), Entrepreneurship, and Intrapreneurship (scaling up family businesses).
• The Campus to Corporate initiative at SIBMT Pune works to implement the Employability Enhancement Program, through which students can attend training programs from Day 1 that are designed to increase their chances of success in summer internship and final placement interviews. It combines communication skills enhancement, soft skills grooming, and motivational content to make MBA students industry ready.
• Problem solving skills and sector-specific case studies are provided through alumni partners and regular recruiters to make sure that students perform well in placement aptitude tests.

Cut-Offs

The common cut-off for all applicants to the MBA program at SIBMT Pune is an aggregate of 50% averaged over all undergraduate semester exams. This criterion is relaxed to 45% for reserved category applicants and persons with disabilities. No cut-off is specified ahead of time based on the entrance test score, for applicants to the MBA program; all candidates who have a valid score in any of the accepted entrance examinations can apply. The final cut-off is determined only after all rounds of counseling are complete.

Faculty & Alumni

SIBMT Pune is home to 20 full time Faculty Members. Of these, two are full Professors (including the Director), two are Associate Professors, and there are 16 Assistant Professors. They are assisted by 6 supporting staff members, including Human Resources and Admin Executives, Librarians, Graphic Designers, and Lab Assistants. 

With almost two decades of placement success, the alumni of SIBMT have achieved senior leadership positions in multiple companies in India and abroad. The Alumni Cell works to maintain ties with successful graduates of the MBA program at SIBMT, including but not limited to mentorship for existing students, workshops on campus, interactive sessions, internship and placement opportunities, and donations for new infrastructure for the Institute. Alumni of the Institute can also network with graduates from the other Institutes within the Suryadatta umbrella, and thereby build interdisciplinary bridges to further their careers.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of SIBMT Pune. The main scholarships offered are:

1. Academic Merit Scholarships: These are offered to students who display consistently strong academic results throughout Standard 10, 12, and undergraduate studies in three tiers:

• Above 80%: 20% reduction in tuition fees.
• Between 70% and 80%: 15% reduction.
• Between 60% and 70%: 10% reduction.

2. Scholarship for Defense and War Veterans: Children and wards of Defense Personnel (active or retired) and police officers will be given a 10% tuition fee scholarship, subject to submission of documents validating this special status.

3. Scholarships for students with work experience: Through this scheme, SIBMT seeks to attract students with professional experience to join the MBA program, thereby increasing the diversity of the cohort. It is awarded in five tiers as follows:

• Students with more than 5 years' work experience: Up to 50% reduction in tuition fees.
• Between 3 and 5 years' work experience: Up to 40% reduction.
• Between 2 and 3 years' work experience: Up to 30% reduction.
• Between 1 and 2 years' work experience: Up to 20% reduction.
• One year's work experience: Up to 10% tuition fee scholarship.

Preparation & FAQs

The bulk of the preparation for admission to the MBA program at SIBMT Pune is focused on the entrance test. Whether the student chooses to appear for the CAT, CMAT, XAT, or MHT-CET, he/she must prepare for the quantitative, logical reasoning, and verbal sections through a combination of theory classes and mock tests. Students are advised to attempt sample papers to familiarize themselves with the pattern and difficulty level of their chosen examination.

The MHT-CET entrance test for MBA aspirants will have four sections: Logical Reasoning, Abstract Reasoning, Quantitative Aptitude, and Verbal Ability (Reading Comprehension). These sections will respectively consist of 75, 25, 50, and 50 Multiple Choice Questions, with an average of 45 seconds per question. 

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Pune?

SIBMT Pune is one of the best MBA colleges in India, and is a contender for best Business School in Pune. It is ranked #58 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. What international exposure opportunities are available to MBA students of SIBMT Pune?

All MBA students of SIBMT Pune can spend two weeks abroad through the Global Immersion Program, in any one of these countries: Dubai, Singapore, Malaysia, or Thailand.

Q. What is the Study Tour Abroad Option at SIBMT Pune?

MBA students of SIBMT Pune can choose to spend up to two weeks abroad, learning the fundamentals of international business through the Institute's partners. This costs between INR 1 Lakh and INR 4 Lakh, depending on whether the destination is nearby, with the highest cost corresponding to the USA and Canada Study Tour.

Q. How does SIBMT Pune inculcate leadership skills in its students?

All MBA students are taken to Goa for a one week Holistic Development tour every year, during which they are given training sessions in Personality Development, Soft Skills, Leadership, and Industry Exposure via expert teachers.

Q. What are the major and minor specializations available to MBA students of SIBMT Pune?

All MBA students of SIBMT Pune must choose one of five major specializations: Marketing, Finance, Human Resource Management, Operations & Supply Chain, and Business Analytics. In addition, they can choose from among nine minor specializations, including Tourism & Hospitality, Rural Business, Pharma Care, and International Business.