The Master of Business Administration (MBA) program at K J Somaiya Institute of Management offers a comprehensive education in business management with an emphasis on practical experience. Admission requires a minimum of 50% in 10th, 12th, and undergraduate degrees, along with competitive scores in exams like CAT (83 percentile), XAT (72 percentile), NMAT (222), GMAT (550), or CMAT (98 percentile). Applicants pay an application fee of INR 3000 and undergo a selection process involving a Case Analysis, Personal Interview, and possibly a Group Discussion, all conducted online.
The process is well-organized, with results and merit lists released promptly. The program's tuition fees are approximately INR 20 lakhs over two years, with the first year costing around INR 9 lakh and the second year around INR 11 lakh. Additional costs include annual hostel and mess fees of about INR 2.5 lakh. K J Somaiya offers several scholarships, including six specific awards: three merit-based, two need-based, and one for financial hardship.
These scholarships can cover up to 100% of tuition fees. Students can also access financial aid from banks and NBFCs, and the institute assists with securing loans and offers fee waivers ranging from 20-80% based on financial need. The faculty at the institute are approachable, maintaining healthy interactions with students, supported by a decent student-to-faculty ratio. The academic year is divided into three trimesters with a mix of internal assessments and external exams.
Placement opportunities are robust, with nearly 100% of students securing jobs. Over 150 companies, including Deloitte, JP Morgan, and TATA, visit the campus. The highest salary package ranges from INR 25 to 28 lakh per annum, with an average package of INR 12 to 14 lakh. More than 120 companies offer internships, with stipends from INR 15,000 to 80,000 per month, in roles like management trainee and financial analyst across various sectors.
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