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How do I apply for the management quota in NMIMS for a BBA?
There is no direct option for entry into NMIMS for a BBA through management quota. There are no such forms or applications released by the institute for such cases. But, there are other options that may lead to such an entry into NMIMS. The points below are a brief overview of how a student can get a management quota seat in NMIMS.
Generally, students clear NMAT-UG to get a seat in institutes like NMIMS for a BBA degree. But, there are some entries through the management quota too.
- For a management quota seat, you need a recommendation from trustees. You can get in touch with someone from the SVKM board.
- For a management quota seat in BBA, NMIMS may charge around Rs. 10 Lac donation, which is a huge amount.
- Such an amount is not worth the BBA degree. You should try for some other institute, or prepare for NMAT next year.
Therefore, it is possible to get a management quota seat in NMIMS, but in an indirect way, and with a great expense.
Which college should I choose between NMIMS Mumbai and IIFT Kolkata for MBA?
NMIMS Mumbai is a better option among these, especially for Finance specialization. Located in Mumbai, the Finance capital of the country, it offers huge locational advantages. Many big names in the Industry take part in NMIMS Mumbai placements. Infosys, Accenture, Aditya Birla Capital, etc. took part in the 2022 placement drive. The average CTC offered to students this year was INR 19.40 LPA.
NMIMS focuses on hands-on learning. Various learning resources offered by the institute includes Bloomberg labs, access to a huge repository of market data and e-journals, WeCare internship program, etc.
Although NMIMS has a large alumni base, in terms of facilities, and exposure, it is better than IIFT Kolkata.
Can I expect a placement after studying BBA at NMIMS?
The placement scenario is quite good at NMIMS Mumbai. According to the reviews online, they provide ample opportunities for jobs in MNC’s. Lots of reputed companies visit the campus during their placement process choosing the deserving candidates. Hence the competition is usually high.
But the one thing that students have shown their concern about are the salary packages offered. The data in the website is said to be inflated to attract more candidates. But in a more true sense the salary packages are really less than portrayed. The college claims to provide an average salary package ranging from 15-16 LPA, mostly the students are offered 9-10 LPA.
The course BBA is really good and full of opportunities, but it is suggested that you complete MBA also to get a better salary package from a reputed company like KPMG, EY, American Express, ICICI Bank, etc. They have a highly experienced faculty, so you will get to learn a lot.
Which course is better: a 2-year PGDM in distance learning at NMIMS or a PGDM in distance learning executive at IMT Ghaziabad?
You should definitely think of applying to NMIMS for PGDM in distance learning as compared to IMT Ghaziabad. There are various reasons for the same. In my opinion, you should look at the brand of the college, personal growth, quality, and expenses like fees that you may incur when it comes to choosing between the two.
Let me elaborate on these and a few other points below.
- Brand Value: The distance learning PGDM program at NMIMS has always been recognized as a brand. It is always better to study from a brand institute as compared to a non-brand one. You might have to shell out a little more money, but it will ultimately help you in the future.
- Professional Growth and Industrial connections: If you are particularly looking to boost your professional resume or would like to grow in your company, doing an MBA definitely does make sense. However, in my opinion, you should not just do a PGDM from any college. If you are looking for professional growth, you can bank upon NMIMS with your eyes closed.
- Affordable: The program is quite affordable. If you are an ambitious student, you will be able to get the most out of this program without shelling out too much money.
- Quality and Personal Growth: In order to have good prospects after your degree, you need to have the correct knowledge. You might get into an average college thinking you are getting the correct education when in reality, that might not be the case. If your concepts are not clear, it will further hamper your actions in the future and could affect your personal growth.
- Exposure: If you plan to move abroad post the degree, it is necessary to earn the degree from a recognized institute. If you choose NMIMS PGDM, you will have worldwide recognition.
Thus, NMIMS is much better as compared to IMT Ghaziabad and my strong recommendation would be for this college.
What are the chances of converting NMIMS Mumbai call?
Compared to other entrance exams, NMAT is a relatively easier one. But because most students that sit for NMAT want to get into NMIMS so the competition is tough. So just getting across the cutoff is not sufficient, you need to aim for the highest.
The other aspects of the admission process through NMAT include
- NMAT score
- Personal Interview
- Case Discussion
- Academic record
- Work Experience
- Academic/Gender diversity
One needs to keep certain points regarding NMAT in mind. Firstly an excellent score does not guarantee admission. You have to ace the CD and PI rounds as well. But overall the chances of conversion are high due to high intake provided that you perform well in CD and PI. Separate rounds of CD and PI are held for Core and HRM. Also, NMIMS has a 30% reservation for girls.
Some tips that will increase your chances of conversion to NMIMS are
SOP: Your Statement of Purpose should clearly state why MBA, that too from NMIMS. It should state valid reasons as to why you should be selected over other students by mentioning your unique traits.
Case Discussion: The Case Discussion round is more to analyze your personality than your knowledge. So follow the rules throughout and give 2-3 solid points and give others an equal opportunity. Don't validate your opinion rudely at all.
Personal Interview: The interview is usually conducted by 3 panelists. If you have work experience, you will be questioned regarding that. For instance your role in your previous company and achievements. They will also question your goals after your MBA and which industry you have chosen and why. To stay on the safer side, be well-versed in current affairs. Also, don’t lose your calm at any given moment.
What is better, B.Sc. finance from NMIMS or CA?
Pursuing a CA from the Institute of Chartered Accountants of India is better than a BSc in Finance from NMIMS or any other institute. A professional degree has greater importance than any graduate degree. The career prospects after CA are certainly better than B.Sc in Finance.
Will it be an absolutely horrible decision to choose IIM Kashipur over NMIMS Mumbai just for the IIM tag?
Rather than judging your decision, I will list down some merits of both colleges and leave the rest for you to choose from.
Reasons why one should choose IIM Kashipur over NMIMS:
- Smaller Batch-size: IIM Kashipur has a relatively smaller batch size than NMIMS. This means the placement opportunities will be better and attention given to each student will be more.
- Lower fees: Mumbai fees are around 21 lakhs for two years. Also, it does not include the accommodation and food expenses that a person will have in the two years. The minimum expenses in a city like Mumbai will stand at 20000. The total fee is much higher than IIM Kashipur ( INR 1730000).
- Specializes in Operations: The leading domain of IIM Kashipur is operations whereas NMIMS has limited scope for the same.
Reasons why one should join NMIMS:
- Better opportunities in terms of companies, packages, and roles than any other new IIM
- Better location than the new IIMs
- Strong alumni base
So if you are confident that you can remain among the top 200 go for NMIMS, else IIM Kashipur it is.
Which one is better: Narsee Monjee College of Commerce and Economics or Narsee Monjee Institute of Management Studies for B.Com (hons)? Why?
Narsee Monjee College of Commerce and Economics is better for pursuing a B.Com (Hons.). It is older and well-reputed. The commerce faculty of the college is excellent. NMIMS is primarily a B-School and offers a good MBA degree. But it started offering undergraduate degrees recently.
Narsee Monjee B.Com fees are almost half of what you will pay at NMIMS. The total course fees amount to INR 92,000.
NM College of Commerce and Economics placements are good. Reputed companies such as Morgan Stanley, EY, KPMG, etc. visit the campus placements. The average CTC received by the students is around INR 7 LPA.
Which B-school is better for Finance, IMT Ghaziabad or NMIMS Mumbai? Considering the placements, profiles offered and ROI in the first place?
NMIMS Mumbai is better for Finance specialization. It has an excellent Finance faculty. In general NMIMS placements are better. During 2022 placement drive, students received the average CTC of around INR 23.07 LPA. CRISIL, HDFC Bank, EY, Goldman Sachs, etc. are among the major recruiters that take part in the campus drive frequently. Due to the small batch-size, every student get good opportunities during placements.
Students of NMIMS get the locational advantage. Being located in Mumbai, the finance capital of the country, it’s easier for students to get internships, projects, and placement opportunities.
What is the actual average salary for NMIMS Mumbai? Is it really worthwhile to do an MBA from NMIMS, considering the huge fees and inflated placement reports?
One of my friends got into NMIMS through NMAT. According to him, it was not the most sorted choice as their rankings and placement reports are inflated.
- They show an average package of 16 LPA being offered to 550 students but it is impossible to get that.
- Usually students receive a 12-13 LPA for core subjects and 9-10 LPA for HR.
- NMIMS is a popular brand, thus the brand name attracts lots of students in Hyderabad and Bangalore campus. But they are not good enough as generally promoted.
- IMT, NMIMS, SIBM, XIMB were once one of the top private B-schools . But their standards have degraded recently. Only MDI managed to maintain and move forward.
- No other B-school increased fees like NMIMS. Its fees are more than XLRI and IIM A, B and C.
- The building at NMIMS is also not great, according to the fees that they charge.
- No other college charges its candidates for conducting CDPI or GDPI. Whereas NMIMS students have to pay 1000 rupees.
- After the release of the results, students have to pay fees of about 9 lakhs in just 1 week.
Spending a huge amount for MBA education is not a great idea. People might consider it an investment, but you have to make an informed decision by also considering the ROI. Therefore, if you are an outstation student consider other colleges than NMIMS.
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