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What is the fee for MBA at K J Somaiya, Mumbai?
K J Somaiya Institute of Management is an autonomous college located in Mumbai. It is one of the top-rated business schools in India. Somaiya Institute is well known for its financial education. Their faculty members are good and cooperative. Their placement is also good, but accommodation is a bit costly.
The fee details of K J Somaiya Institute of Management is as follows:
|
Category |
A.Y. 2021-22 |
A.Y. 2022-23 |
|
Application Form Fee |
INR 2850 (+Applicable Transaction Charges) |
- |
|
Tuition Fees |
INR 6,47,350 |
INR 7,12,085 |
|
Development Fees |
INR 64,735 |
INR 71,209 |
|
Other Fees |
INR 59,700 |
INR 61,700 |
|
Caution Money |
INR 10,000 |
2,500 |
|
Total Fees |
INR 7,81,785 |
INR 8,47,494 |
This is the fee structure for MBA / IB / FS / RM / IMC / HCM / HR / SM/ DSA. For the rest of the details, you can check the K J Somaiya Institute of Management official website.
Which is a better college for finance - NIBM or KJ?
With the well-versed diversity and well-facilitated campus, both the colleges are in a league of its own. There are very few management institutes that offer specialization in financial studies as a separate course. NIBM and KJ are placed in top among these few Institutes.
Ranking:
-
KJ is considered one of the best colleges in India with a 56 NIRF 2020 rank and 5th rank by the Times 2020.
-
NIBM is also one of the best in India and is ranked above 100 by NIRF.
Admission:
KJ:
-
Admission for the courses is done based on the score for CAT/CMAT/GMAT/XAT with a 50% graduation score.
-
The cutoff score of GMAT is 95+ percentile, cut off score of CMAT is 95+ percentile, and cut off score of CAT is 85 percentile.
NIBM:
-
Admission for the courses is done based on the score for CAT/CMAT.
-
NIBM Pune also accepts the MAT score. The cutoff score of MAT is 94+ percentile, cut off score of CMAT is 94+ percentile, cut off score of CAT is 80 percentile.
-
The final selection is done by the university based on the written ability test (WAT) and Personal Interview (PI).
Courses Offered:
NIBM:
-
NIBM offers a full-time PG Diploma in Management program (PGDM) in Banking and finance and one course in MBA.
-
The total fee for the MBA course is about 7 Lakhs.
KJ:
-
KJ offers a full-time PG Diploma in Management program (PGDM) in Banking along with finance and 12 different courses in MBA.
-
The course fee is about 15 Lakhs.
Placement:
NIBM:
-
NIBM Pune has a 100% placement record.
-
They provide many internships and social development projects for students to avail of a better job opportunity.
-
The highest salary offered was 14.5 LPA with an average salary of 9.44 LPA.
KJ:
-
KJ also has a 100% placement record.
-
The highest salary offered was 27 LPA with an average salary of 9.50 LPA.
The Faculty is considered better in KJ than in NIBM due to its better ranking. Also, the placement and internship opportunities are more in KJ than in NIBM. So, considering the statistics it can be said KJ is better than NIBM in a few aspects.
How is KJ Somaiya MBA in Data Science and analytics?
KJ Somaiya Institute of Management Studies and Research (SIMSR) is a well-regarded institution, and an MBA in Data Science and Analytics from this institute can offer promising career prospects. The scope of an MBA in Data Science and Analytics is promising and continues to grow as organizations increasingly rely on data-driven decision-making. Several broad observations on the potential use of an MBA in Data Science and Analytics from an accredited university like KJ Somaiya are as follows
- Academic excellence: KJ Somaiya was ranked 45th in the Management Category by NIRF 2023 among the top 100 B-Schools in India. This reflects the academic excellence infrastructural facilities as well as faculty strength of this institution.
- Faculty: Knowledgeable faculties like Dr Davendranath G Jha, Dr Kirti Wankhede have in-depth expertise in their respective disciplines.
- Placement: With a 100% placement record KJ Somiya concluded their placement in 2023. The highest package offered was INR 22.50 LPA. The average package raised from INR 10.98 LPA in 2022 to INR 12.28 LPA in 2023. 171 recruiters, including 40 new recruiters, took part in the placement campaign. ITC Limited, Airtel, Amazon, Bisleri, EY, Mercedes Benz, and others are some of KJ Somaiya's top employers.
- Alumni: At KJ Somaiya, there is a high prevalence of robust alumni networks, which may be helpful for networking, job placements, and internships. KJ Somaiya is home to a number of famous people like Lloyd Mathias (Head - Marketing, Consumer PC’s, Asia-Pacific & Japan at HP Inc), Loveena Khatwani (Chief Client Experience Officer & SVP, Corporate Strategy at Edelweiss Capital), Mehul Kapadia (Vice President - Global Marketing, MD - F1 Business at Tata Communications) and many more.
In conclusion, pursuing data science from KJ Somaiya offers a compelling array of advantages. With a reputation for quality education, strong industry connections, and a diverse alumni network, graduates are well-equipped to embark on rewarding careers in data science and analytics.
What are the various parameters/qualifications an aspirant should look out for while applying to K J Somaiya Institute of Management?
An MBA from K J Somaiya Institute of Management will help you give your resume the boost you never thought it needed. Pursuing your MBA from K J Somaiya Institute of Management opens your doors to many opportunities. These opportunities include summer internship prospects, a supply of high-profile live projects to help you gain experience and accomplishments while pursuing your MBA, and holding national-level conferences on campus.
Getting into the MBA course at K J Somaiya Institute of Management is based on a sum of specific criteria the college decides on before applying. K J Somaiya Institute of Management assigns the following weights to their pre-decided selection criteria:
| Particulars | Weightage |
| Qualifying Exam | 35% |
| Case Analysis | 20% |
| Past Academic Records | 15% |
| Work Experience | 12% |
| Achievements | 8% |
The shortlist for Case Analysis and Personal Interviews is declared based on whether you meet the desired cut-offs for the qualifying exams. The entrance exams that K J Somaiya Institute of Management accepts are CAT, XAT, CMAT, NMAT, and GMAT. The cut-offs for these exams in the year 2021 were as follows:
| Entrance Exams | Cut off 2021 |
| CAT | 83 |
| XAT | 70 |
| CMAT | 285 |
| NMAT | 222 |
| GMAT | 500 |
Please Note: The cut-offs depend on the pool of candidates that apply each year and may vary every year.
Getting into K J Somaiya Institute of Management depends on your ability to crack the qualifying tests and your confidence to ace the case analysis and personal interview rounds.
Who are some of the famous alumni of K J Somaiya Institute of Management?
Here are a few famous Kjsim Mumbai alumni.
- Lloyd Mathias (1986-88) - Head - Marketing, Consumer PC’s, Asia-Pacific & Japan at HP Inc
- Loveena Khatwani (1993-95) - Chief Client Experience Officer & SVP, Corporate Strategy at Edelweiss Capital
- Mehul Kapadia (1996-98) - Vice President - Global Marketing, MD - F1 Business at Tata Communications
- Sanjay Shah (1990-92) - Managing Director at Morgan Stanley
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