Is MBA - NMIMS Worth It?

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 has been consistently placed in the list of top 30 Indian B-schools.

Campuses of NMIMS

NMIMS has the following campuses 

  • NMIMS, Mumbai
  • 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 

Recruiters 

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

  • Bosch 
  • Reliance Industries 
  • Bacardi
  • Aditya Birla Fashion and Retail 
  • JP Morgan 
  • HDFC Bank 
  • Mahindra Logistics 

Salary

  • A total of 170 companies participated in the placement season this year (2019-2020) taking the highest salary up to INR 38.57 LPA for the MBA batch
  • The highest salary for the MBA HR batch at the Mumbai campus was INR 22 LPA
  • The highest international package offered during the campus placements was INR 58.61 LPA
  • The average salary for the MBA program was 18.33 LPA  
 
Lately, a lot of students are opting not to fill the NMAT exam. It is mainly because of the following two reasons: – 
  1. 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.
  2. Total intake of NMIMS 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 programs and this can go up to 570 in a particular year. Program wise intake at NMIMS 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 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 this, few students are unable to get good placements. Despite these reasons, NMIMS has not lost its charm. It can get good placements for all students with the average salary being 18.33 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.

  3. 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 out station students don’t apply for the NMAT exam. This factor combined with the high fees of NMIMS discourages students to opt for NMIMS.   

 

Reasons for taking admission in NMIMS

  • Learning and curriculum

Focusing on practical knowledge and experiential learning, NMIMS 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 aid in 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.  

  • Return on investment

The current fees of NMIMS are INR 18.5 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 22.5 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 after 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 2020 records being INR 18.33 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 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 also 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.  


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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