How big of a gamble is it to join NICMAR as a fresher?

NICMAR is a non-profit organization offering PG construction management certifications to students. It is equivalent to an MBA degree, but students earn only a certificate. It might turn out to be a drawback. 

But joining NICMAR is not risky as the majority of the batch profile are recent graduates. Placements might be difficult because of the large intake. However, if you have a solid academic record before joining, you have a high chance of getting hired by a well-known company with a decent package. 

The placement statistics are below.

Do not compare the package and the fee to calculate the return on investment. It will be disappointing to see.