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Master of Business Administration [MBA] From NMIMS, Mumbai
| Year | 1 | 2 |
|---|---|---|
| Total Year Wise fees | ₹11.95 Lakhs | ₹11.95 Lakhs |
| Total Fees | ₹1195000 | ₹1195000 |
| Tuition fees | ₹1195000 | ₹1195000 |
NMIMS Cutoff 2024
NMIMS, NMAT Cutoff 2023
The NMAT 2023 cutoff percentile for the Master of Business Administration [MBA] at NMIMS was 96 for the General category.
| Round | Cutoff 2023 |
|---|---|
| Round 1 | 96 |
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NMIMS Master of Business Administration [MBA] Ranking
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Course Details
Narsee Monjee Institute of Management Studies (NMIMS) is a private university which was established in 1981. It has been awarded "Five Star" rating and "A" grade by the NAAC and UGC respectively.
NMIMS invites applications for admission to the MBA Programme, MBA Human Resources, MBA Pharmaceutical Management, and Post-Graduate Diploma in Management (PGDM) Programme. The availability of seats in all the programmes is 500 seats.
The admission to all the programmes will be based on the NMAT by GMAC exam. Graduation with at least 50% marks is neccessary for NMAT. Aspiring candidates can apply online for exam thruogh its official website.
Check NMIMS Courses and Fee
Table of Content
NMIMS MBA Important Dates 2024
| Events | Dates |
|---|---|
| Registration for WAT/ PI | January 20 - 24, 2024 |
| Conduct of WAT/ PI | January 31 - February 08, 2024 |
| Declaration of 1st Merit list | February 16, 2024 |
| Fee Payment (I Merit List) | February 17 - 21, 2024 |
| Commencement of Program | June 3, 2024 |
| Closure of Admission | June 19, 2024 |
NMIMS NMAT Cutoff
| Course Name | LR Cut off | LS Cut off | QS Cut off | Total |
|---|---|---|---|---|
| MBA | 71 | 76 | 69 | 232 |
Eligibility
For all courses:
- Bachelor's Degree (in 10+2+3/4 format) in any discipline from a recognized University with minimum 50% marks in the aggregate.
- Preference will be given if you have two and more years of post-qualification work experience.
For MBA Pharmaceutical Management
Eligibility Criteria:
You should have a Bachelor's Degree (in 10+2+3/4 format) with minimum 50% marks in the aggregate from a recognized University in either of the following:
- Pharmacy, Science, Life Sciences, MBBS, BDS, BHMS, BAMS, B.Sc. or M.Sc. in Biotechnology.
- Post Graduate degree holder in Economics, Psychology and Sociology.
- B. Tech. or B.E. in Bio-Tech. or Bio-Medical
You will be given preference if you have worked in Pharmaceutical Companies for more than two years.
For Foreign category students: You should have an AIU certificate if you have completed their graduation from overseas Universities.
Admission Process
There shall be three stages in the selection process.
- Stage 1: It shall comprise of NMAT by GMAC Exam.
- Stage 2: If you get shortlisted, you shall appear for Stage 2 which comprises of Case Discussion (CD) and Personal Interview (PI).
- Stage 3: It will involve your academic performance, relevant work experience and other similar inputs.
The NMAT by GMAC exam will be an objective type multiple-choice test. It will consist of 120 questions in a duration of 2 hours. There shall be no negative marking in the paper. The distribution of the number of question in each section and time allotted to each section is as follows:
| Section | No. of Questions | Time allotted |
|---|---|---|
| Language Skills | 32 | 22 |
| Quantitative Skills | 48 | 60 |
| Logical Reasoning | 40 | 38 |
You must be able to perform well not only overall in the paper but also individually in the separate sections as the score of each section and the overall score will be used for shortlisting for the second stage of the selection process as well as in the final ranking.
However, if you are not satisfied by your NMAT by GMAC score in the first attempt, you may appear again for the test by going through the full process as a fresh test by visiting the website mandatorily & logging in with the allotted username and password. In case you are taking more than one attempt, the score (the total score & its respective sectional score) which makes you eligible as per the cut offs declared by NMIMS, will be considered for short listing for subsequent process.
How To Apply?
For NMAT by GMAC Registration:
Step 1: You must first register at the NMAT by GMAC website online by clicking on “Register Now” in the Quick Links on the right side of the screen.
Step 2: You should then register with a valid email ID and a new window will appear prompting you to complete the online application form. An authentication email will be sent to the email you provided. You will be able to proceed with registration only after validating your email ID.
Step 3: You need to complete the online application form related to your personal, educational and work experience. Choose NMIMS under the schools section to send your scores under the "Programme Details" section.
Step 4: For any clarification regarding what needs to be completed in each field, click on the “Registration Guide”. You must read the Terms and Conditions and click on the “I Agree” button to accept.
Step 5: Once you have verified the details in your Application, you need to click on the Submit button to complete your registration.
Step 6: The next screen will display your unique NMAT by GMAC Registration Number.
Step 7: You are required to pay INR 2000/- as Exam fee for successful completion of your registration.
Application Fee: You should click on the “Click here to make payment” link that appears along with the NMAT by GMAC Registration Number. The Make Payment screen will display the payment options. You can pay by Debit Card/Credit Card/Net banking/UPI/Mobile Wallets.
Step 8: After successful registration, you will receive an email with your unique NMAT by GMAC Registration Number. You should use this NMAT by GMAC Registration Number for all future correspondence with GMAC.
Step 9: After your application and fee is accepted by GMAC, you will receive an email with your username and password to logon to another website and schedule your test on a preferred date and location subject to availability.
Your registration is now complete.
For NMIMS Admission:
You should fill in the application form on the website to confirm your candidature.
In case of reapplication, you will have to complete the program selection process again by using the same ID/password used at the time of registration. The last preferences you select will be taken as your final preferences for further selection process.
You should then select the programme you are applying for.
Application Fee: You should pay INR 1100/- Application fee either through Credit card, Debit Card or Internet Banking.
You should select your choice of centre from the given 18 centres across India.
Your registration is now complete. You will be able to download your admit card after completing the registration.
Check out NMIMS Admission 2024
Reservation
Reservation of seats for the widows / wards of armed forces personnel killed / disabled in action or during peace time and wards of Kashmiri migrants will be applicable provided such candidates successfully meet the specified cut-offs and eligibility criteria of the respective program applied for at the time of registration and also qualify the NMAT Test cut off.
Master of Business Administration [MBA] Comparison
| NMIMS | NMIMS Bangalore | IIM Mumbai | IBS Hyderabad | |
|---|---|---|---|---|
| Reviews Rating | - | - | - | |
| Cost To Study | Total Fees ₹2390000 (2 Years ) Hostel Fees ₹180000 | Total Fees ₹2000000 (2 Years ) Hostel Fees ₹200000 | Total Fees ₹21 Lakhs (2 Years ) Hostel Fees ₹24000 | Total Fees ₹16.02 Lakhs (2 Years ) |
| Ranking | # Ranked 10/272 by India Today Management Ranks | # Ranked 30/272 by India Today Management Ranks | # Ranked 12/292 by India Today Management Ranks | # Ranked 23/272 by India Today Management Ranks |
| Highest Salary | ₹6780000 | ₹4325000 | ₹5400000 | ₹2100000 |
| Average Salary | ₹2663000 | ₹1411000 | - | ₹971000 |
| General Course Details | Duration - 2 Years Course Offered - Full Time Total Seats - 600 Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree | Duration - 2 Years Course Offered - Full Time Total Seats - 240 Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree | Duration - 2 Years Course Offered - Full Time Total Seats - 300 Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree | Duration - 2 Years Course Offered - Full Time Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree |
| Eligibility | Graduation with 50% + NMAT | Graduation with 50% + NMAT | Graduation with 50% | Graduation with 50% |
Course Finder
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Why To Join NMIMS - Reviews & Rating
Fees and Financial Aid:
The fee for the 2 years is 21,00,000 for the 2 years, this is just the tuition fee. 10,50,000 for one year and the same for the second year. The hostel fees is 2,80,000 for 10 months and they provide breakfast, lunch in campus, snacks in hostel and dinner also in hostel. Also the hostel is 5 kms from the campus.
Fees and Financial Aid:
The fee for the 2 years is 21,00,000 for the 2 years, this is just the tuition fee. 10,50,000 for one year and the same for the second year. The hostel fees is 2,80,000 for 10 months and they provide breakfast, lunch in campus, snacks in hostel and dinner also in hostel. Also the hostel is 5 kms from the campus.
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NMIMS: 27 Answered Questions
Is NMIMS a good college for an MBA?
Yes, NMIMS is considered to be the MBA college in Mumbai city and its MBA program is highly regarded among aspirants. Here are a few pros and cons of the institute that might help you
Pros
- The college is well-known for its state-of-the-art infrastructure. The classrooms have all modern facilities and the library too is well-stocked.
- Its location gives it leverage in establishing healthy industrial relations.
- The parity of the faculty cannot be doubted as they deliver excellent lectures.
- The academics are much more than just bookish language as students are made to solve Case-based studies.
- The food served in the canteen is quite good.
- Students get the chance to participate in lots of competitions and earn well, or get PPI.
Cons :
- NMIMS fees are exorbitantly high. The first-year fee is INR 11.95 Lakhs. You also need to consider the expenses of living in Mumbai.
- Hostel faculties for only limited students
- A few faculties have no interest in teaching.
- The placement stats are inflated and thus misleading.
- The MBA batch of NMIMS has a huge batch of around 600 students affecting the quality of education.
- There is a huge gap between the administration and the students.
- Easy entrance exam affects the quality of the crowd.
So, NMIMS was once a great B School but the increasing batch size has affected its reputation largely. You can go for colleges with a smaller batch size and similar fees to get better job opportunities.
Which is the best MBA college in Mumbai among: JBIMS, SPJIMR and NMIMS? Which college among these have highest ranking?
It is a close call between SPJIMR and JBIMS. NMIMS is not in the same league as these but it is a decent B-School and ranked among the top 30 in India. JBIMS has the highest rank. Indiatoday 2021 ranked the institute 12 for MBA.
JBIMS offers better ROI. Course fees for the institute are INR 6.05 Lakhs. While the average CTC for the institute is INR 27 LPA, according to JBIMS placements highlights of 2022. If you are interested in Finance, you should choose JBIMS.
If you are interested in Marketing and Ops, you should go for SP Jain.
Is it worth spending 18 lakhs at NMIMS MBA (MUMBAI)?
Do not believe in the ranking of the college. It will cost you if you are not a resident of Mumbai as the college does not have a hostel and spending this much amount for an MBA is really stupidity.
You will get an average package of around 12.5-13 LPA for core and 9-10 LPA for HR. Also, the college charges separate amounts for GDPI round and after the release of results, the college demands 9 lakh be deposited immediately within a week.
Also, it is believed that sitting in centralized AC and roaming in posh areas would not help in your overall development but exposure to different fields prepares you for the professional front.
Lastly, we can say that spending too much without availing facilities is not worth it. So abstain from getting admission here. Instead, take admission in other top management colleges where you get exposure to various other fields as well.
How is NMIMS Mumbai for an MBA?
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.
What is ranking of NMIMS in MBA colleges?
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.
Which college is good for MBA, Nirma University, Symbiosis Pune or Narsee Monjee Mumbai?
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.
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.
What is the fee structure for an MBA/PGDM course in NMIMS?
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.
Which is better: PGDM or MBA from NMIMS?
MBA and PGDM are more or less similar. The latter is considered to be a diploma and the former a degree. The Mumbai campus of NMIMS provides an MBA degree and a PGDM degree.
If you pursue an MBA you will be studying more of the theoretical aspects of management. An MBA institute will be following a fixed curriculum as it will be based on the university guidelines.
If you are pursuing a PGDM course you will be gaining knowledge regarding building soft skills and the programme is more industry-oriented. An autonomous institute does not have to follow university standards, so it is free to change its curriculum according to industry standards and change in the business environment. The course will prepare you for a senior level position in a company.
It is suggested that if you are willing to do business management, be it MBA or PGDM, consider only the Mumbai campus, as it has better placements and opportunities than Hyderabad or Bangalore.
What is the total cost incurred in doing your MBA from NMIMS Mumbai?
The following answer is based on my brother’s experience at NMIMS and may vary from person to person depending on their own personal expenses and standard of living. The table below shows the NMIMS MBA fee structure.
|
Particulars |
Data |
|
Total Fees |
INR 23.90 Lakhs |
|
Hostel fees (Non-Refundable) |
INR 2,25,000- 3,00,000 |
|
Hostel fees (Refundable) |
INR 10,000 |
From the above data the approximate cost is 26-27 Lakhs. The additional expenses like hanging out, fares, and miscellaneous activities can amount to 1 Lakh.
Now let’s consider you staying in a flat and not a hostel. The MBA fees remain the same. But the living expenses are considerably cut down. My friend lives in a flat with 5 people and shared her average expenses.
- The rental expense was 10k
- The security deposit was 1 lakh
- 6-8k per month for electricity bills and grocery shopping
- An additional 2-3k for hanging out
- The average auto fare would be 3k per month
- The rough average is 20k per month and if you calculate the same for 21 months it amounts to 4.2 Lakh.
The total expenses including tuition fees amount to 30-33 Lakhs. I think it’s better to go to a hostel than to a flat.
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