NMIMS Mumbai offers a good MBA program. It has a brilliant faculty base. Most of the faculty members are well-experienced and cooperative. If you are interested, you can research under any professor of your choice. It follows the Harvard case studies. You can learn and participate in the case study competitions.
NMIMS Mumbai placements 2022 had an average CTC of INR 19.40 LPA. While the highest CTC offered by the institute was INR 24.84 LPA. Located in the finance capital of the country, it also offers good exposure to students.
If you are aiming for a finance profile, then you should go for NMIMS Mumbai any day without a doubt. There are various reasons for the same. Some of which are as follows.
So I think that NMIMS Mumbai will be the college you should choose if you are interested in finance.
The NMIMS rating among MBA schools is quite remarkable. NMIMS is performing exceptionally well in both rankings and placements.
The NAAC gave NMIMS its initial accreditation with an A+ grade. This was based on the institution's development into an exceptional one, as well as its performance and contribution to management education.
The following table shows the recent ranking of the institute in the management category:
Ranking Body |
Ranking (In the year 2023) |
NIRF |
21 |
IIRF |
25 |
FT |
83 |
Business Today |
10th among top B-schools |
So, it can be concluded that NMIMS (Narsee Monjee Institute of Management Studies) consistently ranks among the top business schools in India. Its ranking may vary across different surveys and years but is generally within the top 20-30 in national rankings.
The B.Sc Economics course offered by the Sarla Anil Modi School of Economics of the NMIMS Mumbai is great and will be a wonderful experience if you factor out the cost of the course.
Academics:
Fees:
So even if you take the lower amount, you will need close to INR 18 lakhs to INR 20 lakhs for the whole 3 years of the undergraduate program.
Placements:
Here are the placement stats released by the department for the batch of 2016-19.
The experience is really good, but choose the institute only if you are willing to pay the huge fees for your undergraduate.
Well, no the hostel fees are not included in the course fees shown on the website, you have to pay them separately. The accommodation charges for the NMIMS Shirpur campus and Mumbai campus vary from each other. I have friends studying on both campuses and they are currently paying the following charges.
All in all, hostel fees especially at the Mumbai campus can be very expensive despite four-seater rooms. Also, preference is given to students who are from outside Mumbai. If you have budget constraints, you can easily rent a flat near the campus with your friends as most students do.
Life at NMIMS Mumbai begins with early morning lectures starting at 9 AM that go on until 4-4:30 PM. Sometimes, there is a possibility of having additional lectures after 4:30 PM as well. Student Life of an MBA Student at NMIMS Mumbai is challenging, running from one task to another and full of learning experiences. Here are some aspects of the same:
Campus: We have a really big building, and that is it! It is the campus of NMIMS, Mumbai. The Infrastructure is amazing with Air-conditioned Classrooms. NMIMS Mumbai has 2 full-fledged hostels and 4 rented residential accommodations, separately for Boys and Girls. However, the Hostels are too costly and most of the batch prefers to stay outside in Flats.
Clubs and Committees: As the new school year begins, all the Clubs and Committees introduce themselves and invite students to join them. As the students are eager to boost their Resume, they apply for this position in large numbers.
Diversity: At NMIMS Mumbai, students come from all over the country, with different backgrounds. They have various educational backgrounds and work experiences. This mix of people is one of the best in the country and has been unmatched for several years.
When you join the course, keep in mind that it will have a significant impact on how you spend your time in Mumbai. If you opt for their flagship PGDM course, expect a rigorous academic schedule that demands a lot of attention, especially if you aim for good internships or placements. Luckily, the location is perfect for any kind of exposure you wish to gain during your stay.
While the initial traveling may be a bit of a hassle, it's important to get used to the local train transport as soon as possible because it will become your life and soul. The city of Mumbai provides you with enough opportunities to go out and explore, which you will need to do from time to time. Keep in mind that the cost of living and traveling can be a bit high, so make sure to cross all your Ts and dot all your Is before you move to the city.
You should remember that space and silence are a luxury in Mumbai, and not everyone can afford them. However, it's going to be an incredible experience overall. Once you get used to the fast-paced life of Mumbai, you will have an awesome time in the city.
The peer pool of IIM Ahmedabad varies from that of other B-schools like SP Jain, FMS, and NMIMS because of the admission criteria and quality of intake. The majority of the IIM Ahmedabad batch comprises performing students with CAT percentile almost touching 100 percentile. and most of them got close to the 100 percentile in CAT and they get opportunities to study business studies in IIM A, B, and C. Very few students get into IIMs through the process of diversification only if they scored more than 80 percent grade in Xth, XII th and Graduate Examinations. The other B schools like SP Jain, FMS, NMIMS, or JB don’t have such strict criteria and the peer pool comprises students from diverse academic profiles rather than just top CAT rankers.
This is the major point of difference between the two kinds of B Schools. As a result of this, IIM Ahmedabad students are offered better placement opportunities at the global level than these average B-schools.
NMIMS is the best option among these. The strategic location, excellent placement, and brand value put NMIMS ahead of the other institute mentioned in the question.
NMIMS is located at the financial hub of Mumbai. The campus is just an hour or an hour and a half drive away from commercial and industrial spaces like Bandra Kurla Complex, Navi Mumbai, South Bombay, etc. Due to the locational advantage students can easily attend industrial visits of reputed organizations like TOI, Pepsico, JPMC, etc.
NMIMS Mumbai placements are way ahead of the B-Schools in the same tier. Even with a batch size of 500+, the institute offers an average CTC of INR 23.07 LPA.
NMIMS is a private university founded by the Gujaratis and so, in the initial days, it remained with a greater portion of reservation (50%) for Gujarati’s. But, later on, this reservation comes to an end & now it follows only 2 reservation stated as follows:
Being a private university NMIMS has not had reservations based on caste; financial background; or management quota.
This does not mean that NMIMS would not comply with any kind of reservation in the future. It is a private university run by a trust and all the decisions would be taken by the members of the trust to further the university brand value.