The education industry has been a thriving business over the years and more so in the last few decades when the impetus of developing the societies and the economies is shifting towards the professionals and the way they lead the way.
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Since the focus of the economy and the society is on the professionals, certainly the professional education too is in the limelight. Yes! Education, especially professional education such as a Post Graduate Diploma in Management, is the passport for a sustainable and growth-oriented future.
A Tailor Made Prescription for the Corporate Sector
In fact, not just attaining education but attainment of quality professional education from a quality educational institution has the power to transform one’s life completely. Therefore, before deciding where to pursue a professional education course like PGDM, one should understand the economics and dynamics of such a course too!
In the Indian context, education is most often considered a spiritual journey where one does a sadhana to attain the required knowledge. Following the recent trend of the Indian thought attaining global acclaim, the world too would agree to the same. Therefore, it would be unfair to equate business and education in tandem. However, considering education is a lifetime investment, a comparison of education and a business would make the picture of spending on education, especially professional education, and the revenues generated after attaining such education clear and actionable.
Siva Sivani Institute of Management is one of the reputed management institutes providing quality education to its students since the last three decades. The institute is known for providing quality education and complete value for money package. Does it sound like a cheap business tactic? Though measuring education on a quantitative parameter like money would defy the entire purpose of this noble profession, however numbers speak for themselves and chart a clear path ahead. Therefore, it is important to understand how SSIM provides a course that is indeed value for money.
Why is SSIM PGDM the perfect Value for Money Proposition?
No! This certainly is not a marketing gimmick. Siva Sivani Institute of Management or SSIM has proven data to prove that it is the perfect value for money. Your money is earned in a hard way and therefore spending it wisely for a purpose that will give you more than estimated returns is desirable. Therefore, investing in a course like PGDM from a reputed college like Siva Sivani Institute of Management is the perfect value for money. This can be mathematically measured in two ways:
Return of Investment: A student pursuing the PGDM course at SSIM is spending INR 6.9 lacs in two years. In most likely cases the students would pay the amount in two installments payable in two years of the course. However, when the student is almost about to complete the course, the student is getting a placement offer from reputed companies and the average package offered to the students has been calculated to be INR 7.44 lacs. Therefore, the equation can be understood as spending of INR 3.45 lacs per annum for two years which will fetch the student an annual income of INR 7.44 lacs per annum. Further this amount is bound to increase in the coming years due to increments and promotions.
Even if the student is paying the full amount of INR 6.90 lacs at once, after two years when the student starts earning INR 7.44 lacs, the return of investment can be calculated as Net income/Cost of Investment X 100 = INR 7.44 Lacs/INR 6.90 Lacs X 100 = 107.82% or more than 100 percent ROI from the very first year of the student’s career that would only continue on a year-on-year basis for the rest of his/her life with increments and promotional growth as additional bonuses.
Payback Period: Another concept to explain the value of pursuing PGDM from Siva Sivani Institute of Management would be the Payback Period concept. The students of SSIM are either funded by their parents or by an education loan taken from reputed banks of India. In both the circumstances, the investors and the students would be interested to understand the number of years required to recover the original cash investment. The payback period is calculated by dividing the Initial Investment Made from the Net Annual Cash Inflow. This means INR 6.90 Lacs divided by INR 7.44 Lacs which is equal to 0.93.
This essentially means that the payback period is less than 1 or less than even a year. Hence, if considered to any other investment such as stocks, land, flats, gold, or any other asset, education or more specifically an investment in PGDM from a college like Siva Sivani Institute of Management would let the investors get back the money invested in the shortest period and earn a lifetime of profitable returns after that.
Though such calculations undermine the holistic purpose and value of education, such a calculation is also required to understand the worth of any investment including investments on self-growth and education.
While a course like PGDM from SSIM is worth every penny spent and ensures a regular stream of profitability for the entire lifespan of the student, it is also important to understand what are the factors that add value to a course like PGDM at SSIM. Yes! The students should understand the factors that add quality to their educational investments.
What are the factors that demonstrate “quality” of SSIM PGDM?
The ‘quality’ of SSIM PGDM is demonstrated through all its activities. Any process, including the process of attaining a degree like PGDM, involves the three basic stages: Input, Process, and Output. SSIM Quality demonstration is evident in all these stages.
Input Quality
Input for an educational institution would be in terms of the students admitted in the system of SSIM every year. Better quality of student intake would optimize the process delivery and improve the output quality too!
- There are rigorous processes and quality checks while selecting each student into the institution. The students selected at SSIM must undergo rounds of rigorous Interviews, Group Discussions, and other tests. The selections of students are finally decided by a high-power selection committee that scrutinizes every single application for various parameters such as type of graduation done, percentages scored, competitive examinations cleared, focus of the students, attitude towards life and career of the students, and even the extra-curricular and co-curricular interests and abilities of the students.
- Based on such a rigorous selection process, the students are selected for pursuing the most value for money course – PGDM from SSIM. The students are selected from a Pan-India basis and therefore the demographic breakup of the SSIM classroom will have a perfect blend of most major states of India. Even in terms of demographic distribution of the class, SSIM finds a 50-50 representation of boys and girls.
- Further, SSIM understands that the students joining the institute to pursue PGDM have different backgrounds (of study), mental abilities, and attitude/focus of life. Therefore, the institute pays individual attention towards its students to bring them up to one common platform through organizing pre orientation mentor-mentee sessions before joining the institute, organizing orientation sessions after joining the institutions to give additional inputs in subjects where the students lack, and continuous mentor-mentee session for individual students all through the journey of the student at SSIM.
Process Quality
The process followed at SSIM, or any other management institute for that matter, is the most important and life changing process. Therefore, attaining process quality, too, becomes the most important and inevitable aspect for any educational institute. The process quality is maintained at every step of discourse at SSIM and some evidence of the same include:
- SSIM adopts the most updated, advanced, and current market scenario-based curriculum for the current batches. The syllabus is reviewed, revised, and overhauled (if required) every year after due deliberations from the expert team at SSIM known as the Academic Advisory Board. The Academic Advisory Board at SSIM have representations from the industry as well as the best of academia. Therefore, SSIM students are bound to get the best of courses!
- The students at SSIM are not only provided course curriculum-based education. SSIM believes that restricting the students to classroom teaching only would only develop them theoretically. However, to make them proficient in their field, they need to obtain practical knowledge and training too. This can only be possible by including practical training. Yes! Such practical training cannot be restricted to summer internships and industry visits. Therefore, the institute has included a specific segment of Managerial Competency Development courses in every term of study so that their practical exposure to industry and industry involvement with the student can be spread across the course of study. Some of the important evaluations done under Managerial Competency Development include the Company Facts Presentation in the first terms, the Industry Review Session in the third term, and the Company Review Session in the fourth term. These courses are an essential component of the experiential learning imparted to the students of SSIM. For more information on these MCD and experiential learning aspects, please visit……………. (Link to Campus Sutra article). All through their course, the students are involved with the corporate in some way or the other. This help them become industry ready by the time the actual placement offers are placed in their hands.
- Along with the course curriculum and the managerial Competency development courses, the students at SSIM are also engaged in various skill development tests and courses such as working on Equity Lever’s Capstone Project, Business Simulation exercises through Real-Time Cases, NSE Assisted Finance Lab sessions, attaining certifications from LinkedIn and other MOOC sources and make them an integral part of their course curriculum. Learning at SSIM is a holistic activity and thus students learn, enjoy, and develop themselves holistically!
- SSIM adopts the most rigorous and stringent policies while recruiting and evaluating their faculty members. The faculty members at SSIM come with an average experience of 10 years in the industry and/or academics. The faculty members recruited at SSIM have been educated at some of the best institutes in India and abroad. Therefore, the faculty members bring with them diverse teaching styles, practices, methods, and best practices that help the students at SSIM develop and grow holistically. These faculty members are then subjected to rigorous evaluation techniques after each term where they need to answer the stakeholders why and how they plan to achieve the course and program outcomes.
- The students pursuing PGDM course at SSIM also get a chance to transfer their credit and get an international exposure by studying at international campuses where the institute have tie-ups. This helps the students get international exposure and earn a foreign degree too if they prefer.
Output Quality
When the input and the process quality is focused so much, the output quality is bound to be worthy enough. SSIM output quality is worth mentioning because of the following reasons:
- SSIM has managed to maintain a track record of more than 96.5 percent placement for the last 11 years.
- SSIM students have been placed with some of the big brands across sectors and geographical locations. Some of the regular recruiters from SSIM include brands such as Accenture, Deloitte, Asian Paints, KPMG, TCS, Berger, MedPlus, Abbott, Reliance Industries, Global Data, Nestle, South Indian Bank, IndusInd Bank, Axis Bank, Havells, Berkadia, Aditya Birla Group, Franklin Templeton Investments, and The Hackett Group among others.
- Most of these recruiters are repeated visitors on the SSIM campus to conduct their recruitment drives and place the SSIM graduates at respectable positions with respectable salaries.
- While most of the SSIM pass outs have been placed successfully at respectable positions, they have also progressed well through the years. Research on the alumni career progressions achieved through the years have shown that the SSIM alumni manage to reach the senior level positions in the management within a few years only.
- Not only joining the corporate bandwagon, SSIM alumni have proven their risk-taking entrepreneurial aptitude too and they have come out with flying colors. Yes! Many SSIM alumni have not only established their own ventures but have also managed to reach the pinnacle of success with their knowledge, skill, and hard work.
- Some of the successful SSIM alumni would include Mr. G. Murali Krishna, Director – GV Mall; Mr. R. Murali Krishna, Director – Cellcom; Mr. Prashanth Gubba, Founder and Design Head – Gubba Cold Infra; Mr. Kompella Kamesh, APAC Lead – Technology at Amazon; Mr. Aditya Dutta, Director – Franklin Templeton; Mr. N Parameshwar, Head New Business Operations – SBI Life Insurance; Ms. Ruchi L, Senior Sourcing Specialist at Deloitte Dubai, UAE; Mr. Pramod Parepalli, Director – Digital and IT CF with Saint-Gobain UK and Ireland; Ms. Mamatha Madireddy, Managing Director – HSBC; Ms. Swapnil Bhele, Assistant Vice President – CITI; Mr. Rocheet Abbi, Co-Founder – AKKAR Foundation; Mr. Itha Lakshmipathi, AVP and Global Corporate Head – HR – Prodapt; Mr. Jaideep Avasarala, Talent Acquisition Leader – Microsoft; and Mr. Deepak Chivukula, Head Family Office – South and East with ICICI Bank among others.
- Another interesting observation from the research on SSIM alumni was that most of these alumni have undertaken courses and certifications regularly even after passing out of SSIM. This proves that SSIM teaching progress has been successful in awakening the learning fire among these students who now look forward to continuous development and growth throughout their lives.
While focusing on the quality aspect of SSIM, SSIM’s strategic location in the heart of industrial development activities too has been working in favor of SSIM. How? Let’s find out:
SSIM at Hyderabad takes advantage of the India’s booming job market
Situated in Hyderabad, SSIM takes the advantage of the India’s booming job market. Here are some of the statistics, as mentioned in an IBEF report, to prove the same:
- In the year 2019, Hyderabad was ranked 2nd among the Top 20 Global Cities in JLL’s City Momentum Index (CMI).
- The city is known to be the hub of Information Technology and Pharmaceutical sector.
- According to the Department for Promotion of Industry and Internal Trade (DPIIT), between October 2019-June 2022, FDI inflow in Telangana was recorded at US$ 3,994 million. The state also ranked 8th in India in terms of FDI inflow.
- According to reports of IBEF, as of July 2022, the state of Telangana is reported to have 35 operational Special Economic Zones. Another 57 SEZs have been notified while another 64 SEZ’s have been formally approved.
- The same report also mentions that Hyderabad is the emerging hotspot in the data center space and the city is going to increase its data center space inventory three times by 2023. A capacity addition of 66 MW is planned to happen by this year.
- In the meantime, Telangana government has collaborated with pharma majors such as Dr. Reddy’s Laboratories and Laurus Labs as well as academia to set up a one-of-its-kind flow chemistry technology hub (FCTH) at the Dr. Reddy’s Institute of Life Sciences (DRILS)
- The state is also known to have some major investments from various corporates such as
- Microsoft will invest Rs. 15,000 crore (US$ 1.93 billion) over the next 15 years in Hyderabad to set up its largest Data Centre in the country.
- Swiss major Ferring Pharmaceuticals has commenced operations in Hyderabad after the inauguration of world class manufacturing facility at Genome Valley. The company has invested around 30 million euros (US$ 31.3 million) for this facility.
- Granules India is said to invest Rs. 400 crore (US$ 51.48 million) over next 2 years to backward integrate its key products and set up a greenfield formulation facility near Hyderabad.
- The state has also attracted investments nearly worth Rs. 7,500 crore (US$ 965.25 million) in the pharma, biotech, and medical devices arenas over the last one year according to the State government data, Hyderabad.
- In FY21, the state of Telangana is known to have, 311 investment proposals in life sciences sector worth Rs. 6,734.56 crore (US$ 919.43 million).
- The State Government is also undertaking the task of establishing the Hyderabad Pharma City. This city is supposed to be the first of its kind, smart ecosystem creating a new international benchmark for sustainable industrial cities.
- According to reports “As a pharma and life sciences hub of the world, Hyderabad is poised to grow to a US$ 100 billion business generator by 2030, up from US$ 13 billion (2020), as per projections made in the Life Sciences report of the Telangana government.”
- Under the Central Government’s recently announced formation of an Information Technology Investment Region (ITIR) near Hyderabad, there are plans to generate nearly 1.5 million direct and more than 5.3 million indirect jobs in the IT sector in the next five years.
- Amazon Web Services is investing US$ 2.8 billion in a Core Data Centre Facility
- National Payments Corporation of India (NPCI) is investing US$ 70 million in an own tier-IV Data Centre in Hyderabad.
- Another important point to highlight the importance of Hyderabad is that leading IT companies like Facebook, Google, IBM, and Microsoft hold significant presence in Hyderabad.
- Hyderabad also has proximity to Bangalore, Mumbai, Chennai, and Pune – the most growing and industrially developed cities of the country.
Therefore, SSIM, located in Hyderabad, is bound to have the strategic advantage of enhanced industry exposure and better student placement over the years.
