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Is NMIMS – MBA Really Worth It?

Is NMIMS – MBA Really Worth It?

NMIMS – MBA: SVKM`s Narsee Monjee Institute of Management Studies (NMIMS) is located in Mumbai and is a deemed university that was established in the year in 1981. NMIMS has AACSB accreditation and A+ accreditation by NAAC. It has been consistently placed in the list of top 30 Indian B-schools. The NIRF ranked NMIMS as 22nd best college for management in the year 2021.

Campuses of NMIMS:

NMIMS has the following campuses:

  • NMIMS, Mumbai (Main Campus)
  • NMIMS, Bangalore
  • NMIMS, Hyderabad
  • NMIMS, Shirpur
  • NMIMS, Navi Mumbai

Programs offered at NMIMS:

Full-time MBA programs:

  • MBA – offered at NMIMS Mumbai/Hyderabad campus
  • MBA (Human Resources) – offered in Mumbai campus
  • MBA (Pharmaceutical Management) – offered in Mumbai campus
  • MBA (Decision Sciences) – offered in Mumbai campus
  • MBA (Law) – offered in Mumbai campus

PGDM programs:

  • Full-time PGDM– offered at Bengaluru/Indore/Navi Mumbai campus
  • PGDM (Logistics and Supply Chain) – Navi Mumbai campus

Placement Highlights of NMIMS – MBA:

Recruiters:

Some of the top recruiters visiting the campuses for final campus placements are:

  • Adidas
  • Amway
  • Pidilite
  • Mahindra & Mahindra
  • JP Morgan
  • Barclays
  • Flipkart
  • Amazon

Salary:

  • Over 150 companies participated in the placement season this year (2020-2021). The highest salary offered was INR 34.72 LPA for the MBA batch.
  • The highest salary for the MBA HR batch at the Mumbai campus was INR 21 LPA.
  • The placement also saw 24% of MBA Core and 23% of MBA HR batch receive PPOs.
  • The average salary for the MBA program was 18.45 LPA.

Lately, a lot of students are opting not to fill the NMAT exam. It is mainly because of the following reasons: – 

  • The overall expense of giving NMAT is much more than other exams. The fees for giving the NMAT exam is INR 2,000 (without late fees) and INR 2500 (with late fees). This is high as compared to other MBA entrances like CAT and SNAP. Apart from this, the number of colleges accepting NMAT scores are less. Because of these reasons, aspirants are reluctant to fill the NMAT form.
  • Total intake of NMIMS – MBA, Mumbai is High.

NMIMS doesn’t have a fixed number of intakes for a particular year. They can admit 500 students for their core PGDM program, and this can go up to 570 in a particular year. 

Program wise intake for NMIMS – MBA is as follows: –

Name of ProgramNo. of Seats
2 Year MBA with any of the following specializations: Finance,
Marketing, Operations, Decision Sciences- NMIMS Mumbai
600
MBA HR – NMIMS Mumbai120
MBA Decision Science & Analytics, Mumbai60
MBA in Pharmaceutical Management, Mumbai120
MBA – NMIMS Bengaluru240
MBA- NMIMS Hyderabad120
MBA – NMIMS Navi Mumbai120
MBA- Indore60
MBA Business Analytics, Mumbai120
MBA Digital Transformation, Mumbai60

Because of the high intake, few students are unable to get good placements. Despite these reasons, NMIMS – MBA has not lost its charm. It can get good placements for all students with the average salary being 18.45 LPA. It is usually placed towards the end of tier – 1 colleges and not in tier- 2 colleges in rankings. This is due to the growth opportunities and returns on investment offered by NMIMS.

  • Cost of living

Mumbai is an expensive city and the cost of living here is on the higher end. This is often another reason why several students who belong from places outside of Mumbai do not apply for the NMAT exam. This factor combined with the high fees of NMIMS – MBA discourages students to opt for NMIMS. Additionally, the other campuses have a fairly average placement record which is why most students do not opt for getting admitted into the other campuses.

Reasons for taking admission in this college:

Learning and curriculum

Focusing on practical knowledge and experiential learning, “NMIMS – MBA” offers a dynamic curriculum. It has adopted the case-based method to provide real-life examples and knowledge to students. A distinguished faculty and interaction with industry experts provide personalized knowledge and training. The smart classrooms, wi-fi enabled campus, and well – equipped library aids the learning process. There are several guest lectures organized and there is the ease of organizing these as the campus is very well situated in the heart of Mumbai. Lately, these sessions are carried smoothly online because of the pandemic situation.

Return on investment

The current annual fees of NMIMS are INR 10.42 lacs for the tuition and INR 5 lacs for boarding and lodging. The hostel fees are charged for students coming from outside of Mumbai. This brings the fees to a total of INR 25.84 lacs. The placements are decent and are usually around INR 18 LPA. Hence, it can be concluded that the ROI or return on an investment for NMIMS is good and should be considered while making a decision. The return on investment refers to the number of years that a student can expect to earn the investment made in MBA as fees and start saving as their earnings.

Opportunities

NMIMS has a great placement record with the average salary in 2021 records being INR 18.45 LPA. Apart from this, one of the deciding factors for joining any B – school is the alumni network. NMIMS has a strong alumni network. Also, a lot of case study competitions are invited to the college which provide learning opportunities as well as pre-placement interviews for internships and final placements. The college also has an approach to equip students with upcoming subjects for example learning a subject from the analytics field is mandatory for all.

Growth

Famous alumni of NMIMS – MBA comprise John Abraham, Bollywood actor; Richa Kar, CEO of Zivame; Vikas Behl, Bollywood director and Siddharth Sood, founder of Wildcraft. There is an emphasis on motivating students through guest lectures with notable figures such as Raghu Iyer, Shashi Tharoor, and Kiran Bedi. Students receive several opportunities to showcase their talent and learn in the process by being a part of several clubs and committees and group projects.

Campus

Campus life at NMIMS is a luxury. It is located in the heart of Mumbai, the financial centre and economic powerhouse, and so attracts good companies for placements and summer internships. The other campuses are also located in prominent cities like Bangalore and Hyderabad. The Mumbai campus is beautiful and huge. There are several famous tourist spots and the chance to explore Mumbai. With the pandemic situation slowly decreasing, we can hope that the campus will open its doors for the students and give them an opportunity to enjoy the benefits of various facilities available at campus.

In conclusion, NMIMS is a great option to pursue your MBA journey, especially if you get a chance to get admitted to PGDM Core or PGDM HR programs which are the highlights of NMIMS as an institute. It has proven its mettle over the years in giving ample growth opportunities and placement opportunities to students. Apart from this, the infrastructure, campus life, and faculty expertise offered are the best among b-schools. So, the reasons for not attempting NMAT should be overlooked as NMAT exam is towards the easier side as compared to other b-school entrance exams. 

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