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I have converted calls from NMIMS, Mumbai and SIBM, Pune. Which one should I choose given that I have an inclination towards finance specialization?
NMIMS is well known for its Finance specialization. Many might consider its huge Finance intake or the entire batch size, in general, a drawback. But if we compare the placement reports of SIBM Pune and NMIMS Mumbai, the latter is visited by most of the top Finance companies. Most companies in the Finance sector prefer NMIMS over other B Schools and students who are Finance enthusiasts too prefer NMIMS over other B Schools. The main reasons pertaining to this preference are
- Better placements than SIBM Pune
- More number of companies visiting the campus than SIBM Pune
- Its location in the Finance capital gives it a lot of advantage over SIBM Pune
- More corporate exposure owing to its location than SIBM Pune
Finance companies give more preferences to your knowledge and inclination towards the domain rather than your work experience. The only drawback of NMIMS is its high fees and lack of campus life. But the Finance roles offered are good enough to overshadow this flaw.
How is the placement scenario at NMIMS Mumbai for a BSc in finance degree?
If the NMIMS Mumbai BSc in Finance placement scenario can be described in a single word then pathetic it is. The placement committee is substandard and leaves almost more than half of the batch unplaced. During my sister's batch, the placement coordinator was switched in the midst of the placement session which was a highly irresponsible way to handle the situation. There was no coordinator for more than 3 months in between. The pre-placement activities that had to be initiated in July began in September and this delay affected the placements drastically.
There is high competition between NMIMS and other B Schools like NM, Mithibai, and UPG. So despite many top companies visiting the campus, the roles offered were mediocre. So joining NMIMS for BSc Finance with the prospect of getting a package above 8 LPA is useless.
What are chances of converting NMIMS Mumbai in 211?
Your chances of converting to NMIMS Mumbai are average considering the cutoff below
|
Section |
Expected cutoff |
|
Language skills |
71 |
|
Quantitative Techniques |
76 |
|
Logical Reasoning |
69 |
|
Overall |
232 |
The overall cutoff is 232 while your score is 211. This slight variation can be compensated by performing well in other rounds and areas. NMIMS gives different weights to the different parameters that constitute the final merit list:
- NMAT Score - 70%
- Group/Case Discussion - 10%
- Personal Interview - 10%
- Academic Performance - 5%
- Work Experience - 5%
In case you think your NMAT score is not enough, acing the CDPI rounds will work for you. Both rounds carry a significant weightage of 10% each and can prove to be definite game changers. Other criteria include work experience and past academic records.
Also, there might be people who score higher than you but let that demotivate you as a lower score can be compensated in consecutive rounds. The CDPI round is rather unpredictable and needs to be handled tactfully. Sometimes the performance of one candidate can affect others in the case discussion round. So be prepared for the worst scare scenarios.
Is it worth spending money for a BBA at NMIMS, Mumbai?
My sister has recently completed her BBA with a specialization in Finance from NMIMS and she told me about the actual placement scenario of the college. She agrees with the fact that NMIMS is a top B School with an excellent curriculum and faculty. You will be offered amazing opportunities in the form of working in a big MNC or becoming an entrepreneur.
However, the situation of placements is not what it seems from the reports. Although my sister was able to get placed she witnessed many of her batch mates unplaced or placed with a very minimal package. Many companies visit the campus owing to the great brand value but the major problem that arises is the huge batch size. The competition is tough as the intake is very high. This year the total intake is BBA 600; BCOM 180. Henceforth very low packages are offered that are not even close to those mentioned in the placement reports.
In my sister's batch apart from 3 students, every student got a package of less than 3 LPA. Deloitte hired less than 17 students. While the placement scenario was really poor, the knowledge that she gained in those 3 years did help her pass CFA level-1 the next year. So it’s you who can decide if the money you spend is worth it or not by determining what you really want from your BBA.
Is it possible to get into NMIMS Mumbai campus with a good NMAT score but poor academic records?
The best part of NMIMS is that it gives very little weightage to past academic performance and judges its candidates mainly on their NMAT scores. This gives a chance to many students who couldn’t achieve a great score before due to some other reasons but now are willing to strive for success.
Around 70% weightage is given to NMAT and the remaining criteria comprise CDPI, extracurricular background, work experience, and past academics each carrying very less weightage in comparison to NMAT. There are 3 things you can work on to compensate for your poor academic record.
- Work experience: A relatively good work experience can help overlook your poor academic record as the direction of your interview will be towards your roles, responsibilities, and achievements during your work experience.
- Extra-curricular: Another component that can be used to overshadow your poor academic background is a well-built extracurricular background. The panelists will be interested in your achievements and interests in the same and will focus less on your past academics.
- Case Discussion: There is a chance that you neither have good work experience nor any extracurricular involvement. In this situation, only an excellent CD round can suffice for the lacking profile.
NMIMS does not lay much emphasis on past academics so it’s not something to worry about a lot. Ace your NMAT and you are good to go.
Should I join NMIMS Mumbai (MBA core) or wait for another year
Waiting for another year and dropping NMIMS is only justifiable if you are certain to get into the top 5 like IIM ABC and FMS. Otherwise forgoing this opportunity might not be a wise decision mainly because
- Your work experience of 22 months is the right time to do an MBA
- CAT is extremely certain. You might have been able to make it into NMIMS, but there is no guarantee you will be able to clear CAT next year again
- NMIMS has a 100% placement percentage so you will definitely end up with a good package
- The brand name is more than enough to add to your CV
Moreover, if you are willing to enter the Marketing sector, it’s still not late as FMCG don’t prefer candidates with much work experience. But if you are interested in Strategic Management, you can wait for a year and target the top 5 B Schools.
So the end note is, forgo the offer if you are certain you can make it into the top 5 else grab this opportunity.
Does clearing the cutoff in NMAT for NMIMS Mumbai guarantee a call?
First of all, nothing guarantees a call from a top B-school as the criteria comprise not one but many parameters. Moreover, NMAT is a very competitive exam because most of the students sitting for the NMAT want admission to NMIMS only. NMIMS, NMAT Cutoff 2022 for General Category is 94 percentile. Candidates who meet the NMAT cutoff score will be eligible to proceed with a selection process in NMIMS which involves multiple stages. The sectional cutoff is as follows
|
Section |
Expected cutoff |
|
Language skills |
71 |
|
Quantitative Techniques |
76 |
|
Logical Reasoning |
69 |
|
Overall |
232 |
NMIMS gives 70% weightage to NMAT during the evaluation process. Carrying the highest weight is a major component of determining your chances of conversion. However, one should not forget that this is the major but not the only criterion for admission and even a good score will not guarantee admission if you haven’t performed well in CDPI rounds. I have many instances wherein people with average NMAT scores who performed excellently in the CDPI rounds were able to convert calls whereas people with a great score but poor performance in CDPI rounds couldn’t. So the entire admission criteria is a blend of various parameters and each should be given importance with NMAT being the major one.
What is special in NMIMS, Mumbai MBA?
NMIMS is indeed one of the top B Schools in India. It has many distinguishing features making it one of the most coveted MBA destinations for aspirants. Some of them include
- Brand value: Being among the top B Schools in India, NMIMS enjoys great brand value. Its alumni are successfully leading many organizations in top roles and this alone is a testament to its brand name.
- Placements: NMIMS Mumbai has a great placement scenario. The final report of NMIMS Mumbai Placements 2022 has been released. According to the report, the highest salary package stood at INR 57.65 LPA, Students received an average salary of INR 23.07 LPA. Around 150+ recruiters participated in the placement drive from various sectors like BFSI, Consulting, IT, Pharmaceuticals, Media & Telecom, Consulting, etc.
- Location advantage: Situated in the Finance capital of India, NMIMS enjoys a great locational advantage and gives an edge to many B Schools. It is the best spot for Finance enthusiasts as the headquarters of many companies' finance sector is located here. Even the other specializations flourish here.
- Alumni: NMIMS has an elaborate alumni network that stretches across various reputed companies. Some might consider the huge batch size as a demerit but in reality, it results in a strong alumni base.
NMIMS is special in all the above aspects making it a distinguished choice among MBA aspirants.
How prestigious is JBIMS as a college when we look at all of the India rankings? It doesn’t have very good ranks when I Google the best MBA colleges in India. Is NMIMS better than JBIMS?
JBIMS' overall ranking on Google is impacted by its infrastructure, as the current building is a 1965 construction. However, the construction of a new state-of-the-art facility at Kalina is underway, which will improve JBIMS' ranking in terms of infrastructure.
In terms of return on investment, JBIMS stands out as you pay only 2 lakhs for the entire course and receive an average placement package of 18 LPA. This is a better return than many other top B-Schools, including some IIMs.
JBIMS boasts a strong alumni network, industry-expert faculty, and an ideal location, which are all factors that contribute to its success.
When comparing JBIMS to NMIMS, it can be said that JBIMS is a better choice, with a lower fee structure, a better return on investment, a strong alumni network, and a more experienced faculty. Additionally, JBIMS has a smaller batch size of 120 students, which makes it easier for the college to place its students in top companies.
Having scored 213 in the NMAT, how difficult will it be for me to convert the NMIMS Mumbai call (considering average academics and no work experience)?
There are 2 key points you need to know regarding NMAT
- 70% weightage is given to NMAT score during shortlisting
- The NMAT cutoff is usually around 205-250 marks
Now people might infer that a candidate with higher marks is likely to get into NMIMS. However this is not the case as I know many people who had a score of 220+ but were unable to make it into NMIMS Mumbai. So it’s best that you don’t worry about your scores and compare it with others once you have cleared the cutoff. You have more important factors to consider like the personal interview and case discussions which require a lot of preparation.
Moreover, a score of 213 is not that bad so don’t let it demotivate you a bit. Focus on your future endeavors. Preparing for the interview can be best done by going through your own CV and practicing to answer the questions related to it. The case discussion round is also risky and you need to be extremely patient throughout. Give everyone a chance and deliver your opinion in a concise and impactful manner.
In case you are worried about your past academics and work experience, here is the good news. NMIMS does not focus too much on work experience and academics and I have seen many freshers who were able to make it into NMIMS by scoring 210+. So all you need to do is work hard and not give up.
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