The minimum package offered to the MBA graduates is not revealed by any of the institutes in their placement reports. The only way to get that is to talk through students who can say through their experience which may or may not be accurate.
The table below will however give you the highlights of the placement process conducted by each of these institutes for their MBA batches of 2018-20.
Parameters |
SIBM Pune |
NMIMS MBA |
NMIMS MBA-HR |
Number of recruiters |
More than 90 |
148 |
29 |
Highest CTC |
INR 34.26 LPA |
INR 58.61 LPA |
INR 22 LPA |
Average CTC |
INR 20.14 LPA |
INR 18.33 LPA |
INR 14.98 LPA |
Based on these statistics, you can get a fair bit of idea of the salaries to expect from these institutes and will help you to set your expectations.
The average package for BBA in NMIMS Mumbai is INR 5-6 LPA. While the maximum goes up to INR 9-10 LPA. Major companies such as Zycus, Tresvista, Genpact, etc. take part in NMIMS Mumbai placements. You will get many opportunities to work for big MNCs. NMIMS also offers resources and support to budding entrepreneurs.
NMIMS MBA fees per year is INR 10.95 Lakhs. So, the total fees for the two year long course is INR 21.90 Lakhs. Here are the specific fee details for different specializations.
Course | Fees(in INR) |
MBA/MBA HR | 10,42,000 |
MBA in Pharmaceutical Management | 6,32,000 |
Dual Degree in MBA Decision Sciences & Analytics and MS in Business Analytics & Information Mangement from Purdue University | 12,02,000 |
MBA Business Analytics | 8,52,000 |
The hostel fees need to be paid separately.
NMIMS BBA has a good curriculum and offers decent placement opportunities. The faculty base is brilliant. According to NMIMS placements around 100% of students get placed from BBA. TCS, Genpact, Tresvista, etc. are the major recruiting companies. For BBA, the highest CTC is INR 12 LPA. You can get plenty of placement opportunities if you have a decent CGPA.
A part-time MBA does not hold as much value as a full-time MBA does. One of my friends with an Executive MBA degree said it can only be a helping hand to support growth in your existing company or similar roles. It cannot provide much exposure. It will help you grow in the company you are already in.
For instance, if you similarly want to be promoted to a TL role or Mid-level managerial role in the same field, a part-time MBA can provide an edge, given the competitiveness, and can partly also assist in job role changes in the same organization.
However, in the case of a complete career shift, a part-time MBA can be a demanding approach. You will have to evidently prove your best side in the competition.
It is suggested that you take into account your long-term goals, before arriving at any conclusion. That translates, a part-time MBA can probably provide a short-term career uplift, while simultaneously an executive or full-time MBA program can most definitely boost your future career exposure and lift you to better profiles with ease.
One of my friends pursued his B.Sc in Finance from NMIMS. Based on his input, I might be able to help you with your question.
If you have any misconception about having fun while you are here, drop it already. As at NMIMS you probably would not have time to do so. Just so you are fit for corporate culture, they train you in such a way that you don't face any problem in the future.
Since you have an inclination towards Finance, you would realize that everything you had endured was worth it in the end. And if the situation is the opposite, you'd be left far, far behind in the Finance race pulverizing yourself under constant pressure.
No doubt all the institutes you mentioned are excellent in their respective standards and fields. But the primary element that should be stressed before choosing a college is what kind of MBA you are looking for. You should determine the specialization you are willing to go for, the kind of curriculum and crowd you are expecting, and various other factors.
You need to keep in mind that an MBA degree will pose just as a stepping stone to success and cannot guarantee your success. The ultimate determining factor is the level of knowledge you gain and how you perform throughout.
All the Institutes you mentioned are top-notch and are globally recognized knowledge hubs. You cannot make a choice just on the basis of your preference. You will have to work tremendously hard to make it into these esteemed institutes.
Narsee Monjee Institute of Management and Higher Studies is a deemed University. They tend to meet the growing demand for young managers. One of my cousins graduated from NMIMS and here are some of the details I gathered from him.
All programs of the NMIMS School of Distance Learning are approved by the Joint Committee of UGC-AICTE-DEC. Also, these programs are highly flexible and focus mostly on self-paced learning.
According to the reviews online both NMIMS Mumbai and SIBM Pune have their fair share of pros and cons. THey each are better in their own way.
Here are some facts that will help you understand the similarities and differences of both the colleges:
Categories | NMIMS Mumbai | SIBM Pune |
Course Fee | INR 6.88 lakh | INR 19.4 lakh |
Placement Percentage | 80% | 70% |
Highest CTC | 16 LPA | 18 LPA |
Average CTC | 9 LPA | 6-7 LPA |
Recruiting Companies | TCS, Wipro, HP, Accenture, etc. | Tech Mahindra, Infosys, TCS, Accenture, etc. |
NMIMS also has a better, more experienced faculty than SIBM Pune. Being in the centre of the industrial hub, many companies participate in their placement program.
Yes, it’s worth it. In some cases, it is even essential to do an MBA after having 2 years of work experience in IT.
I know a few people from SIBM Pane, so I can tell you about the MBA program offered by them.
Also, MBA can be a much-needed break for many with corporate careers. It’s a fun experience, you will get to learn a lot through many corporate interactions.