There are several factors to take into account when deciding between Narsee Monjee Institute of Management Studies (NMIMS), Xavier Institute of Management, Bhubaneswar (XIMB), and Institute of Management Technology (IMT) Ghaziabad. All three institutes are considered to be reputable and comparable in many ways, but each has its own unique strengths and weaknesses.
One disadvantage of Narsee Monjee Institute of Management Studies is its large batch strength. With a large number of students, it can be harder for students to receive individualized attention and support from faculty members. Additionally, the institute does not have hostels, which can be a significant additional cost for students. As a result, the MBA program at Narsee Monjee may cost around 4-5 lacs extra due to the need to stay outside.
On the other hand, if your career aspirations lie in the marketing field, IMT Ghaziabad is considered to be the best college. IMT Ghaziabad is known for its strong marketing program and its focus on providing students with a comprehensive understanding of the various aspects of marketing, such as consumer behavior, market research, and branding. Additionally, the institute's focus on providing students with practical training through internships, industry projects, and case studies, helps students to develop the skills and knowledge needed to excel in a career in marketing.
XIMB is considered to be good in almost everything. It has a balanced curriculum that covers all the important aspects of management. The faculty is experienced, and the institute is known for its research-oriented approach. Additionally, XIMB has a strong focus on sustainability and responsible management which makes it unique among other MBA colleges.
When considering a post-graduation program, it's important to research the different options available and weigh the pros and cons of each institute. Researching the institute's curriculum, faculty, and alumni network, as well as speaking to current students and alumni can help you to make an informed decision. Additionally, it would be a good idea to seek the opinion of professionals in the field you are interested in, as they can provide valuable insights into the opportunities and challenges of different career paths.
If you are planning to get into NMIMS Mumbai through NMAT, it is important to keep in mind that this is the best program to aim for. The exam has both sectional cut-offs and an overall cut-off, which usually ranges from 207 to 210, but can vary every year. Therefore, it is important to focus on scoring well, especially in your strong areas, in order to maximize your score.
Individual sectional cut-offs can vary as well. For instance, the Quant section may have a cut-off of 65, while the Logic section could range from 60 to 65, and the Verbal section could range from 55 to 60. However, it is not advisable to focus solely on clearing the sectional cut-offs, as many students who do so end up missing the overall cut-off by just a few marks.
It is important to note that even if you have a very high score, it does not necessarily guarantee success in the GDPI process and final admission. There have been cases where students with high scores were not able to convert the call, while others with a score of just 208 when the cut-off was 207 were able to successfully convert the call and secure admission.
Therefore, it is important to approach the selection process holistically and focus on performing well in all aspects, including the GDPI process, in order to increase your chances of success in securing admission to NMIMS Mumbai through NMAT.
Among these two options, NMIMS BBA is the better choice. The course is well-designed as per the current trends of the industry. The curriculum is interactive and there are various study-based projects and presentations that will keep you engaged.
NMIMS BBA placements are pretty good. Around 100% of students get placed. The average CTC received by the student of this department is INR 3 LPA.
You can choose Great Lakes if you would like to switch industries and finish your MBA in one year. If you don't want to change industries and have two years to spare for an MBA, NMIMS is the better option.
The cost is nearly the same, however attending NMIMS takes a year more, so you have to consider the opportunity cost as well.
Regarding exposure and industry interaction, NMIMS is better. You should make a decision keeping in mind all these points and your personal considerations.
NMIMS is well known for its Finance specialization. Many might consider its huge Finance intake or the entire batch size, in general, a drawback. But if we compare the placement reports of SIBM Pune and NMIMS Mumbai, the latter is visited by most of the top Finance companies. Most companies in the Finance sector prefer NMIMS over other B Schools and students who are Finance enthusiasts too prefer NMIMS over other B Schools. The main reasons pertaining to this preference are
Finance companies give more preferences to your knowledge and inclination towards the domain rather than your work experience. The only drawback of NMIMS is its high fees and lack of campus life. But the Finance roles offered are good enough to overshadow this flaw.
In my opinion, NMIMS Mumbai is a much better option than Amity. NMIMS offers a number of specialized BBA courses and the placement scenario is much better at NMIMS than Amity.
Mumbai is called the Mecca for Finance. It has a better and larger number of MNCs and firms that offer excellent exposure in contrast to Amity where the opportunities will be somewhat limited.
On the basis of the Management program, NMIMS even has better rankings than Amity.
A table drawing a comparison between the BBA Programs offered at both Amity and NMIMS is shown below
|
Particulars |
Amity |
NMIMS |
|
Fees |
INR 3.61 Lakhs (yearly) |
INR 500000 (yearly) |
|
Ranking |
# Ranked 28/125 by NIRF Management Colleges |
25 out of 125 by NIRF in Management Colleges |
|
Highest CTC |
INR 2150000 |
INR 18.45 LPA |
|
Average CTC |
INR 500000 |
INR 34.72 LPA |
|
Exams Accepted |
Merit-based + University-based Test |
NPAT |
NM College BMS is a better option compared to NMIMS BBA. The course fee is nominal. The total course fee for the 3-year long course is around INR 84,000. While NMIMS BBA total fees are around INR 9.30 lakhs. NM College placements are good. The median CTC offered was INR 4 LPA during the recent placement drive. The ROI is definitely better compared to NMIMS BBA.
As a candidate with a lower academic performance in the past, you are eligible for most of the business schools, except for a few, such as the Indian Institutes of Management in Ahmedabad, Bangalore, Calcutta, and Lucknow, which place a greater emphasis on previous academic records. However, XLRI is good news for you, as it does not consider your previous academics when shortlisting candidates. Additionally, SPJain may consider extending you a profile-based admission offer if your CAT score is at least 85 or higher and you have something unique in your profile. Other top business schools, such as NITIE Mumbai, MDI, and NMIMS, are easily within reach for you.
It is recommended that you focus on making the most of your current educational journey and not let your past academic performance impact your future opportunities. Aim to prepare well for the CAT exam, aiming for a top score, and accumulate as many quality resume points as possible to develop a unique and impressive profile for yourself. However, do not forget to live the life of an engineer, taking full advantage of your education. If you gain at least 2 years of work experience, you may consider taking the GMAT and applying to the Indian School of Business, which may consider extending you an admission offer.
My friend is studying with NMIMS and it's good and easy to get into as well. There are 3 attempts available for NMAT whereas IIFT is a step higher on the difficulty scale. The positive aspect of this is that the crowd at IIFT has intellectuals.
Apart from this, here are some more highlights-
Lastly, you'll have to pay more at both colleges but IIFT would be INR 3-4 lakhs cheaper than NMIMS and IIFT has a stupendous alumni network in the area of international trade. You may now decide based on your future goals.
This is my personal opinion and is based upon the feedback.
I have considered placement and fees and hence the ranking. Hope this helps.