The admission process (criterion) followed by NITIE, Mumbai for the PGDISEM courses offered by the institution is as follows:
After all the rounds of the admission procedure are completed, the status of his/her application is conveyed by the institution as per the norms or criteria followed. My brother received an offer letter from the institution a few days after he got selected for admission into the PGDISEM course of the institute.
It's a subjective question and mostly depends on your profile. PGDMM would be advantageous, if you are a fresher, especially with a mechanical or manufacturing background. It is better in terms of securing a good profile, a good package (Avg. 12 LPA), and robust manufacturing domain command.
A few years of work experience would be preferable for the PGDPM course, but it is not required. It's a safe option to play for both freshmen and those with a little experience because it improves your profile, package, and adds the rich experience of a top MBA school - NITIE.
NITIE Mumbai has a great placement record and you only need to maintain a good academic record to secure a good placement package. NITIE is known for running an industry focus curriculum and has a proven record for all courses as far as placement is concerned.
Back in 2014, NITIE started two new courses, i.e. Project Management and Manufacturing Management. Due to the Government’s focus on Make in India, there are ample opportunities in the sector of manufacturing management in the future.
Along with the other courses at NITIE, PGDMM also has a great placement rate. Students of PGDMM get placed in different sectors and are not necessarily limited to manufacturing.
Here are the recent placement highlights of NITIE.
Average CTC | 20 LPA |
Highest CTC | 44 LPA |
Major recruiters | ETLI, IDFC First, EY, etc. |
PGDMM students get almost equal opportunities as any other branch.
In the placement process, it is not always the B-Schools that are responsible for reporting inflated packages, but rather the companies. The figure reported by placement cells is referred to as the "Cost to Company" (CTC) and not the take-home salary. This means that simply dividing the CTC by 12 is not an accurate reflection of what you will receive in your bank account each month.
CTC consists of two main components: fixed and variable. The fixed component includes your basic salary, HRA, TA, LTA, employer's contribution to the provident fund, joining bonus, retention bonuses, and ESOPs. The variable component is based on both your performance and the company's performance and is paid out in lump sums either yearly or half-yearly.
Your take-home salary at the end of each month is calculated as basic salary + HRA + TA + other allowances - provident fund deduction - tax. The remaining amount is given to you at the end of the year. To illustrate how companies may inflate their CTC figures, here are a few examples:
Fixed component: 9 lakhs
Year 1 end retention bonus: 2 lakhs
Year 2 end retention bonus: 1.5 lakhs
ESOP: 5 lakhs to be paid over 3 years
Performance bonus: separate/not reported CTC: 17.5 lakhs
Take-home salary: 65-70k
Fixed component + Variable component: 14.5 lakhs
Relocation: 2,00,000 INR (one-time payment)
Supplemental Salary: 3,50,000 INR (supplemental salary is an accrued bonus paid out in monthly installments pro-rated from the date of joining, only applicable during the first year of joining)
CTC: 20 lakhs
Take-home salary: 95-98k
Fixed component: 9 lakhs
Variable component: 10-20% of a fixed component
CTC: 10.8 lakhs
Take-home salary: 65-68k
As seen from the examples, despite Amazon having a CTC that is double that of RBS IDC, their take-home salary is the same. This is the typical way it works. The placement teams likely do not have much control over the process.
Yes, NITIE Mumbai offers an appropriate amount of monthly stipend (Teaching Assistantship, TA) to the students enrolled in the PGDIE courses of the institution. The amount offered depends upon the score obtained in the GATE examination by the candidate.
Nevertheless, every student enrolled in the PGDIE course of the institution receiving the stipend amount under the TA program has to perform certain tasks for around 8-10 hours per week related to the domain of teaching and research. You would also be required to complete the work assigned to you by the Institute.
You are required to obtain first-class or score an equivalent CGPA (or Grade) in the first and second semester examinations of the course, to be eligible for the continuation of the teaching assistantship for the following semesters.
TA would get temporarily discontinued once you start getting involved in an internship or an apprenticeship.
As NITIE is a very reputed and popular college, the minimum CAT percentile required for admission is generally high. There are several factors that are considered before announcing the cut-off marks. These include - number of candidates applied for admission, the average performance of the candidates, availability of seats, etc.
Hence, the cutoff marks of CAT are very high even for OBC students to get a call from this college. You will also have to clear the Group Discussion and Personal Interview round, which is a very important part to get admission to this college.
One of the main reasons why NITIE is preferred over IITs and PSUs is that it provides placement at a higher package than any PSU.
In the case of IITB, if the branch in question is CS, M.Tech is unquestionably superior, given the tremendous growth expected in this sector in the coming years.
NITIE has released the GATE cutoff 2021 for PGDMM and PGDPM courses. The required cutoff for different categories is as follows.
Category | GATE Score |
General | 609 |
OBC | 473 |
SC | 345 |
ST | 317 |
Physically Disabled | 473 |
Although the cutoff varies each year depending on the application pool, you can give it a try.
One of my friends graduated from NITIE. According to him, being shortlisted from NITIE depends on several factors. Let me share the ones I got to know about.
Keep a check on the waitlists. After the first-round selection, a lot of students tend to leave NITIE for other options. At this moment you can get selected.
My cousin is an alumnus of NITIE and has spent two years in the institute as a student. His opinion is based on professional experience and may not be true for summer and final placements at SJMSOM and XLRI.
A counter-argument can turn up claiming that the companies do not look at the scores. It is up to the students concerned to follow this notion.