NITIE is superior to IIM Trichy in every respect. There are many students who have received calls from several other top business schools but ultimately chose NITIE as their first choice. Some may argue that IIM Trichy has the prestige of being an IIM and is more well-known to the general public, but the individual believes that what really matters is the reputation of the institute among employers. NITIE has a strong reputation in the field of operations and a good return on investment, as well as the advantage of its location. It also provides numerous opportunities for industry experience.
A lot of students believe that it is not worthwhile to choose a business school based on its potential status in 15 years, as by that time, the individual will already have achieved success and the specific business school they attended will not matter as much.
Life post-MBA from top B-Schools such as FMS, XLRI, MDI, NITIE, JBIMS, and SP Jain for most people is comfortable, because of decent pay packages and perks. Most alumni of these institutes are placed in companies and sectors of their choice. Here are the recent placement highlights for these institutes.
Institute | Average CTC (in INR) | Highest CTC (in INR) |
FMS | 32.4 LPA | 58 LPA |
XLRI | 30.78 LPA | 60+ LPA |
MDI | 26.07 LPA | 1.14 CPA |
NITIE | 25.41 LPA | 49 LPA |
SP Jain | 26.06 LPA | 46.65 LPA |
JBIMS | 27.63 LPA | 42 LPA |
Achieving a work-life balance can be difficult. However, doing MBA from these institutes will certainly teach you how to handle the pressure of professional life.
I got to know from one of my friends that the schedule is quite normal and the students who complain about the hectic schedule are the ones who are themselves responsible for it. The schedule is hectic or not, it depends completely on you.
Besides this, the time schedule for the college is absolutely normal. It is always recommended to try and grab as many opportunities as you can and invest your spare time in as many productive activities as you can.
You should join NITIE Mumbai if you are interested in a career in the management sector. If you want a career in the technical field, it will be better to join top IITs. It all depends on your future goals.
NITIE Mumbai is among the top B-School in the country and has an impressive placement record. The average and highest CTC offered in the 2022 placement drive were INR 25 LPA and INR 49 LPA respectively. Major companies such as Deloitte, Amazon, KPMG, etc. take part in NITIE Mumbai placements.
Both NITIE and XLRI are reputed and well-known institutes with exceptional opportunities due to which it is a tough decision to make. However, some points may be taken into account which would be helpful for you to make a decision for your future.
Ranking:
XLRI has reportedly ranked 1st among the top private management universities by Outlook India 2020’s evaluation reports. NITIE has ranked 12th for its MBA program by NIRF’s evaluation in 2020.
Admission:
XLRI:
Aspiring students have to clear exams including GMAT, XAT, and CAT in order to get admission at XLRI for its MBA program.
The estimated course fee remains to be around 5-10 Lakhs.
NITIE:
In order to take admission at NITIE for the MBA program, students have to clear GMAT, CAT, and XAT.
For the PG Diploma courses, students have to clear the GMAT. The average course fee remains to be around 7 lakh for all the courses.
Scholarships:
XLRI:
Students at the institute have the opportunity to receive various scholarships such as Aditya Birla Scholarship, Pirojsha Godrej Scholarship.
Apart from that, on merit-cum-need basis financial scholarship (up to 250000 INR) is provided to those who require it.
NITIE:
Various need basis scholarships are provided to the NITIE students as well.
30% of the course fee is reduced for those whose family income is less than 2 lakh 50 thousand and 50% of fee is reduced for those whose family income is or less than 1 lakh.
Apart from that, teaching assistantship positions are offered to GATE qualifiers. SC and ST candidates receive Central Sector scholarship based on their circumstances.
Placement:
XLRI:
XLRI offers 100% placements to the students.
Some of the top recruiters are Aditya Birla Group, Amazon, Microsoft, are ITC, JP Morgan, Ramco Systems, Accenture, ATG Tires, Lodha Group, RPG, Udaan, P&G, Colgate Palmolive, Ola, Myntra, Samsung, Power Finance Corporation among others.
The highest and medium salary packages remain to be around 50 LPA and 12-15 LPA.
NITIE:
Top recruiters who offer job and internship opportunities to the NITIE students are ITC, Nestle, Deloitte, Accenture, Cognizant, Hitachi Consulting, and more.
The highest and medium salary packages remain to be around 38 LPA and 20 LPA. The placement rate is 98%.
Both these institutes provide modern classrooms, advanced necessaries, libraries. Faculty members of both the institutes are helpful. Both boy’s and girl’s hostel accommodation is provided by both the institutes as well.
The pros and cons of the National Institute of Industrial Engineering (NITIE) are as follows.
Pros:
Location: NITIE Mumbai is located in the industrial hub of the country, Mumbai. This provides the students with a lot of options to explore and learn.
Alumni base: Like other famous B-schools like IIM A, B, C, FMS, XLRI, etc, NITIE, too, has a strong alumni background with students working worldwide. A large number of NITIE alumni are VPs, CXOs and even some are owners of their own start-ups with great ideas. The alumni of the institute visit the campus often for alumni talks.
B-School Challenges: NITIE students are well known for their participation in B-school challenges. In the past, students have participated in competitions like HUL Lime, ITC InterroBang, DCB, Aviva, etc. The success rate of NITIE students in these sorts of competitions is pretty high and it becomes an interesting learning experience.
Peer-Group: Anyone joining NITIE is surrounded by experienced people in-between the age group of 21-29. Which gives an opportunity for good peer-learning as many students have experience in the industry.
Placement: The placement rate of the institute is 100% with an average CTC around 20 LPA. It is somewhat considered as the most recognized B-school for Supply Chain and Operations. Even IT placements have seen a surge in recent years.
Cons:
There is a lack of diversity in NITIE and most of the students are engineers. Also, there is high gender diversity, around 8-10% of girls opt for a management degree in NITIE.
NITIE is not preferred to those candidates, who want to pursue a specialization in Finance and HR, as it is a new branch and is still in the initial stages.
The brand-name of NITIE is not as reputed as IIMs, XLRI, etc, and the brand recognition is limited to the corporate world.
The pros outweigh the cons for NITIE. Although it is not as recognized, NITIE is one of the top B-School in the country with a NIRF ranking of 12 for MBA.
When it comes to operations, NITIE is unbeatable compared to SPJAIN for at least the next ten years, and the same is true for finance and marketing, as NITIE cannot beat SPJIMR for the next decade. Here are some reasons to consider:
Overall, NITIE is a much better option than SPJIMR for operations and as a college in general. While SPJIMR has excellent marketing strategies, factors such as GFT and Rural internships are just gimmicks to bring the college into the top 10. Additionally, SPJIMR began inflating their placement reports due to institutes like MDI doing the same. It's essential to check the data for yourself and not settle for others' beliefs, as everyone has their own. NITIE is relatively unknown due to being a government institute that cannot advertise like SPJIMR or MDI. Additionally, the operation is not as prestigious a stream as finance and marketing in the corporate world, giving NITIE a bad reputation. However, NITIE is the clear choice for operations, and you should do your research and make an informed decision.
NITIE CAT cutoff for 2021 was 97 for PGDIM and 86 for PGDSM. Here are the cutoff details.
Category | PGDIM | PGDSM |
General | 97 | 86 |
OBC | 65 | 75 |
SC | 65 | 65 |
ST | 65 | 65 |
Physically Disabled | 75 | 75 |
MDI Gurgaon CAT cutoff stays around 94 percentile for general category students. As per the trends of last few years, MDI CAT cutoff in 2022 is expected to be around 94.93 percentile.
NITIE Mumbai is ranked 12th for MBA by the 2020 NIRF Ranking and it is considered to be in the same league with IIMS, IITs, and IISc.
PGDIE at NITIE- The PGDIE program at NITIE has a total of 140 seats and the total course fee is around 12.53 lakhs.
IITs- At reputed IITs, the course fee is around 1.5 lakhs-1.20 lakhs per semester. The highest salary package of the IIT students remains to be around 30 LPA-35 LPA and the average package seems to remain around 17 LPA.
NITIE is an autonomous body under MHRD and has a legacy of over 50 years. The institute has a huge alumni base working in top MNCs across the globe.
Whether you should join NITIE or IIT depends on your choice of career. If you want a career in management then you should choose NITIE Mumbai PGDIE over IIT. However, if you want to work in the Engineering industry then choose IIT.
To increase your chances of getting a call from different MBA colleges, it's important to know their criteria for selection.