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Which is best to join new iim or nmims mumbai core?

DR
Divyanshu Ranjan Posted On : February 23rd, 2023
MBA from Indian Institute of Management Sambalpur (Graduated 2020)

While many may not agree, the new IIMs are far better than NMIMS. People prefer NMIMS mainly because of its location and legacy. If you come out of that criteria then you realize that the new IIMs are much more. I have compared the new IIMs with NMIMS on the basis of a few aspects.

  • Strength: The increasing batch size is a major problem in NMIMS as it directly affects placements. The best companies hire only 3-4 students. Thus almost half the batch is placed in mediocre companies with average roles. New IIMs, on the other hand, have a very small batch size and therefore there is equality in placements 
  • NMIMS: NMIMS MBA fees is much more than the new IIMS. Also, the accommodation costs are high and the ultimate ROI is not good at all.
  • Campus Life: The most crucial drawback that NMIMS faces is a lack of hostel life. There are zero recreational or sports activities. No playgrounds or sports facilities are available. The new IIMs are excellent in this aspect with world-class facilities both in terms of education and recreation.
  • Placements: NMIMS placements are o n level with IIM Ranchi, the oldest among the new IIMs. Trichy and Kashipur are almost reaching that level too.

So the new IIMs are far better in terms of brand, faculty, and even ROI. 

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Which is better, ISBF Delhi or NMIMS Mumbai for economics honours?

RK
Ritesh Kumar Posted On : February 23rd, 2023
PGDM from Management Development Institute, Gurgaon (2019)

Both the colleges ISBF Delhi and NMIMS Mumbai offer a decent Economic Honors program. I have drawn a detailed comparison between the two on the basis of the following parameters 

Worth of the Degree: NMIMS might be a reputed college but its degree cannot be compared to that of ISBF which offers a University of London degree in addition to academic assistance from London School of Economics and Political Science, the top-ranked institute in Economics.

Curriculum: Economics is vast and covers a very broad spectrum of subjects from development and finance to international trade. Now the University of London excellently allows the students to choose 6 electives of their choice in addition to 6 compulsory subjects. This ensures that the students get a job in the sector they are passionate about. This flexibility of curriculum lacks on the part of NMIMS.

Prospects: A DU student applying to top institutions in the UK for a master, is required to complete a diploma year before starting with his master's. This aims to compensate for the difference in the standard of education. However, anyone with a University of London degree can directly apply for a Master in top universities in the UK.

Batch size: The batch size at ISBF is relatively smaller than that of NMIMS. This aids in better student-teacher interaction and class discussions. This in turn helps in better delivery of the curriculum.

So in almost all aspects, ISBF is a better choice than NMIMS.

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Why would students still join NMIMS, Mumbai even though it has lost its reputation?

NP
Nirmalya Pal Posted On : February 23rd, 2023
MBA in Operations Management & Marketing, Management Development Institute, Gurgaon (Graduated 2018)

NMIMS may have deteriorated over the last few years but it still is considered one of the top 10 B Schools in the country. It is still preferred by many owing to various factors like location, industry exposure, placements, and peer learning. 

Pros

  • The industry exposure one can avail owing to its excellent location is a primary reason for its everlasting reputation 
  • It enjoys better brand recognition that the newer IIMs
  • The placements at NMIMS are excellent with almost all the companies visiting the top IIMs cities NMIMS campus. However the quality of roles offered may slightly vary. Yet when compared to newer IIMs, NMIMS has a much better placement scenario.
  • The location itself is a major reason why it is preferred over the new IIMs
  • An average person may find it difficult to bag a good package at NMIMS. But if you are among the top students you can easily get a good package as the average is INR 23.07 LP

Cons

The increasing batch size has become a major issue thereby reducing the overall quality of education and placements.

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What is going to be a better option among the following B schools - VGSOM, new IIMs (Ranchi, Trichy, Raipur), or NMIMS?

RT
Rajat Tokas Posted On : February 8th, 2023
Xaviers || NIT DURGAPUR || L&T || MDI gurgaon(2020-2022)

When it comes to choosing a business school, the competition is fierce and the options can be overwhelming. Three institutes that are considered to be among the top in the country are the Vinod Gupta School of Management (VGSOM) at IIT Kharagpur, the Indian Institute of Management (IIM) Ranchi, and the Narsee Monjee Institute of Management Studies (NMIMS).

If you are interested in an operations profile, then VGSOM is a great choice. It is considered to be one of the best institutes in the country for operations specialization, after NITIE. Additionally, the return on investment (ROI) is high. IIM Ranchi, on the other hand, may have a lower average package compared to the other two institutes, but it has the prestige of the IIM tag and a decent profile. The hostels are also fabulous, with single rooms available for students.

NMIMS is considered to be more costly and the batch strength is over 500 students. The top 150-200 students get superb packages and roles that are at par with other top B-schools, however, the next lot of students may have a lot of start-ups, etc. If you want to play safe, VGSOM or IIM Ranchi might be the best option.

However, if you are willing to take a risk, NMIMS might be a good choice as the profiles there are really good. It's ultimately up to you to decide which institute aligns best with your career goals and objectives. Rest assured, whichever institute you choose, you will be choosing a great institution as all three are among the top institutes in the country.

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Which college is good for an MBA distance, NMIMS, IMT Ghaziabad, Symbiosis or IGNOU?

GN
Gabor Nagy Posted On : January 27th, 2023
Marketing from Institute of Management Technology, Ghaziabad (2019)

The distance MBA aims at promoting easy-to-access education without interrupting your work and personal life. The colleges you mentioned NMIMS, IMT Ghaziabad, Symbiosis, or even IGNOU are all good but for distance learning Chandigarh University is the best option. With Chandigarh University’s Distance Education and Open Learning program, you can learn from a variety of Industry relevant, well-organized learner-centric programs with placement support. This program is most suitable for those who are on the lookout for quality education but have locational issues. Some major highlights of the distance MBA course from Chandigarh University are

  • Linked with the industry
  • Flexible curriculum that facilitates learning
  • The distance programs are on the same level as on-campus programs
  • Globally accepted curriculum 

Eligibility: The eligibility criteria for distance MBA at Chandigarh University is

  • Bachelor degree in any discipline from recognized University/ Institution, or
  • Graduates of recognized professional programs like CA/ ICWA

Duration: 2 years (minimum)

Specialization: The Distance MBA offers the following specializations

  • Finance
  • Marketing Management
  • Human Resource Management
  • International Business

Fees: The fees structure is as follows

Particulars 

Odd Semester

Even Semester 

Academic Fee

INR 9950

INR 9950

Registration Fee

INR 2500

-

Exam Fee

INR 2000

INR 2000

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Which B School should I join amongst: IIM Udaipur, NMIMS or IIM Trichy?

SJ
Sidhharth Jain Posted On : January 21st, 2023
IIM Trichy

Recommendations on joining an IIM:

For individuals who come from top tier engineering colleges (such as IITs or BITs) and have a salary of more than INR 10 lakh per year in the tech sector:

  • It is not advisable to join any new IIMs unless you are looking to change your domain or are in a particularly difficult situation.
  • Do not expect to gain a lot of knowledge or make friends with similar backgrounds at new IIMs, as the student body tends to have mediocre backgrounds and may not be well-informed about industry trends.
  • Do not join a new IIM based on the media relations people who promote the institute on Quora, as they may not understand your level or expectations.

For individuals who are not from top colleges and have a salary of less than INR 5-6 lakh per year:

  • It may be beneficial to join a new IIM, as it could potentially improve your situation.
  • It is generally a good idea to join a new IIM without hesitation, as it may have a significant impact on your life.

For individuals who come from top tier engineering colleges and have made poor decisions in their lives:

  • It may be worth considering attending a new IIM if you are willing to endure two years of academic study in order to improve your career prospects.

For entrepreneurs or aspiring entrepreneurs:

  • Consider the return on investment before committing to a new IIM. It may not be worth incurring a debt of INR 16 lakh and spending two years with mediocre peers if it is not likely to lead to a good job and a successful career. It is important to carefully weigh the potential benefits and drawbacks before making a decision.
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Considering my interest in Finance and a prior IT work experience of 2.5 years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs IIM Ranchi, Trichy?

AS
Aarzoo Shah Posted On : January 20th, 2023
Studied at SVKM's NMIMS

When it comes to financing roles, NMIMS is generally seen as being on par with or even better than IIFT. One advantage of NMIMS is its location in Mumbai, which can be beneficial for students seeking finance roles. A decent number of finance companies visit the campus during placements, offering a good range of opportunities for students. However, it's worth noting that the competition for these roles can be quite intense, especially for students with engineering backgrounds. This is because finance companies often have a tendency to shortlist more students with commerce backgrounds for interviews.

That being said, if you are able to clear one or two levels of the CFA or FRM exams, it can become easier to get shortlisted for finance roles at NMIMS. Overall, when it comes to financing roles, NMIMS is generally seen as being on par with IIFT and better than the new IIMs.

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Which should be preferred to join NMIMS or IIM Ranchi?

TA
Tithi Aggrawal Posted On : January 19th, 2023
MBA from SVKM's NMIMS (Graduated 2016)

When deciding between IIM Ranchi and NMIMS Mumbai, consider the following points:

  • Brand name: While IIM Ranchi has the "IIM" tag, NMIMS is a more established and well-known brand, particularly among employers.
  • Alumni network: NMIMS has a larger and more active alumni network, particularly within Mumbai, which can provide valuable support and connections.
  • Corporate exposure: Located in Mumbai, NMIMS offers greater opportunities for industry exposure and interactions with professionals.
  • Placements: While the chances of being placed may be slightly higher at NMIMS, the average CTCs at both schools are similar.
  • Learning and pedagogy: Both schools offer similar visiting faculty and pedagogical methods, though NMIMS may have a slightly higher caliber of students due to its merit-based admission criteria.

Ultimately, you should weigh these factors and choose the school that best aligns with your goals and priorities.

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Which would be better? NMIMS Mumbai BBA or IIM Rohtak IPM (exit after 3rd year with a BBA degree)?

AM
Apoorva Murjani Posted On : January 18th, 2023
IIM Rohtak

IIM Rohtak is better if you want to join IPM there and graduate with a BBA after three years.

A BBA from IIM Rohtak is unquestionably more valuable than a BBA from NMIMS, Mumbai because the course curriculum and pedagogy are superior at IIMs, which use a trimester system rather than the traditional semester system used at NMIMS.

The placements will be similar between the two. However, NMIMS wins because, with only a BBA, you'd have to apply off-campus if you wanted to be placed at IIM Rohtak, as there are no placements for BBA students.

Keeping everything in mind, you should prioritize IIM Rohtak over NMIMS because of the IIM brand and because it is a less expensive option. At the end of the day, you still have the option of pursuing an MBA at IIM Rohtak, which you do not have at NMIMS, and CAT can be quite unpredictable and difficult. 

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Which is better: IIM Vizag, IIM Nagpur, or NMIMS Mumbai?

SB
Swati Bhatia Posted On : January 17th, 2023
PGP from Indian Institute of Management, Nagpur (Graduated 2022)

My friend was in a similar dilemma a few years ago. She had offers from NMIMS, SIBM and IIM Nagpur. She wasn’t sure if choosing a new IIM over these B Schools would be a wise decision. Yet she chose Nagpur in the end. Some major reasons that led her to choose it were

    • Campus: IIM Nagpur and Vizag both have their own residential campus and amazing hostel facilities. It helps you make new friends and spend time in extracurricular activities and group discussions once your classes are over NMIMS on the other hand lacks hostel facilities
    • Location: Nagpur and Vizag both have a location advantage over other new IIMs in the sense that they have airport facilities promoting connectivity.NMIMS enjoys the best location and many top firms visit the campus because of it. But in reality, it is only the ones with the best profiles that get good roles; others are offered average packages only.
    • ROI: NMIMS does not offer a good ROU because of its high living expenses. Nagpur leads in this aspect because of minimal living expenses, lower fees than other IIMs, and similar packages.
    • Placements: NMIMS has developed a strong alumni base and therefore attracts many top firms. But like I mentioned above, 80% of the batch is offered average roles. It’s only the ones with spectacular profiles that get the best roles. IIMs have a balanced placement scenario in contrast.
    • Brand Value: Despite the unending debate, one cannot deny the brand value of the IIM tag. There are certain HRs from top organizations who still prefer IIM students over other top B Schools. This is the sole reason why the new IIMs give an edge to B Schools like IMT, SIBM Pune, etc.

Based on the above parameters you have to make a decision according to your preferences. My friend was glad she chose IIM Nagpur and it helped her uplift her career through various opportunities.

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