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How is the NMIMS Mumbai? What can be the cost of 2 years for an MBA, including accommodation? Is it worth the money? Which companies come for placement?
You have asked multiple questions at the same time and I'm here to clear all your doubts. Starting with the first part is how NMIMS is, well it is better than the newer IIMs and institutes like IMT, SIBM, SCMHRD, and IMI. In case you have calls from these, straight away go for NMIMS only. You can pursue an MBA with any specialization here. You should reconsider your decision however if you have calls from MDI, NITIE, IIFT Delhi, IIT Bombay, and JBIMS and you are willing to study something apart from Marketing.
However, NMIMS is not comparable to the older IIMs and FMS.
Cost of MBA (2 years )
The yearly NMIMS MBA fees are INR 11.95 Lakhs Fees. The additional costs are around 2.4 Lakhs every year. So the total cost of an MBA for 2 years is around INR 28.7 lakhs.
Worth
It’s impossible to evaluate correctly if a certain B School is worth the money. Some end up with high packages while some with low packages. Also, ROU is a broad term and cannot be determined by just the package you receive. Most of the time I have seen the lives of people with low packages change after their first job. So the initial package is just a stepping stone and not a deciding factor.
Placements
Some major companies that visit the campus for placements are Aditya Birla Capital, EY, Capgemini, Cognizant, ICICI Bank, etc.
Which college is better suited for a 3-year work experience engineer between NMIMS Mumbai and IIM Trichy/Udaipur?
Firstly let me clarify something. The 3-year work experience is not a suitable deciding factor for choosing a college. You should decide on a college on the basis of these parameters
- Placements
- Brand value
- Batch-size
- Alumni Network
- Location
- ROI
Now I will further compare the pros and cons of NMIMS and newer IIMs
Pros
NMIMS
- Has a better location than Trichy or Udaipur
- Has a stronger alumni base
- Is good for a career in Finance
New IIMs
- The IIM tag in itself is a major advantage
- The new IIMs are growing at a good speed
- The Batch-size is smaller than NMIMS
Cons
NMIMS
- High fees
- Large batch-size
- Deteriorating brand value
- Average placement opportunities
New IIMs
- Weak alumni network
- A slight location disadvantage when compared to NMIMS
Now it’s your job to analyze which pros are more important for you to avail and which cons can be a major hindrance in your career.
Which college is better between SVKM's NMIMS and the ISB for an MBA?
ISB Hyderabad is the better option among the two. It ranks among the top-50 B-Schools in the world.
- ISB Hyderabad's PGP admits students on the basis of their prior work experience. They expect each candidate to carry at least 2 years of work experience. It is the only flagship program of ISB Hyderabad.
- All Mohali and Hyderabad campuses demonstrate the same kind of experience. But when it comes to the campus choice, you don’t get to choose it. All of them have the same sort of traits. Placements are campus neutral and happen in one place.
- The career advancement service department at ISB includes 20+ members who provide the best job opportunities to the students from companies like Microsoft, Facebook, Google, Deloitte, Amazon, etc.
- The visiting professors come from institutes Duke, Wharton, Kellogg, etc. All the faculties hold a Ph.D. and have their own journals published internationally.
All these factors make ISB one of the best management schools in India.
I have scored 184 in the NMAT. Do I have any chance of getting admission in NMIMS Navi Mumbai or ISB Hyderabad?
With a score of 184 in NMAT, you have a decent chance of getting admission to NMIMS Mumbai, but as the cut-off for ISB Hyderabad is usually higher than that of NMIMS, so your chances of admission to ISB may be lower than NMIMS Mumbai.
That being said, the admission process for both NMIMS and ISB is holistic and takes into consideration several factors other than just NMAT scores, such as academic performance, work experience, extracurricular activities, and performance in the interview and/or written exam.
Therefore, it is difficult to predict your chances of admission without considering your overall profile.
I would recommend that you consult the official websites and keep checking the Collegedunia articles to get a better understanding of their admission processes and criteria. You may also consider speaking to current students or alumni of these institutes to get insights into their experience and advice on the admission process.
Should I go for a B.Com Hons from Gargi College DU or a BBA from NMIMS Mumbai?
If you are currently deciding between Gargi and NMIMS for your undergraduate studies, it is suggested that you consider opting for Gargi.
Classes for BBA in NMIMS are held in a government college building opposite the main building campus where the MBA classes are held. The infrastructure of the college is unkempt and not very impressive. In addition, the tuition fee is quite high at 2.25 lakhs per year, and the cost of living expenses can add up to approximately 4-5 lakhs per year, which includes the cost of the hostel. The hostel is cheaper, but they are Non-AC and usually unavailable on a first-come basis. Additionally, the placement reports at NMIMS may be inflated.
In contrast, Gargi is a well-known DU college with a much lower tuition fee of around 60-70k for three years. Living expenses in the Siri Fort area may be expensive, but they are definitely less than in Mumbai. Gargi is also visited by good companies, which means that you will have good placement opportunities after completing your studies. As both BCom and BBA courses are similar, you will receive equal opportunities after completing your undergraduate studies. However, Gargi would be a more cost-effective option with better infrastructure, making it a better choice overall
Which would be better? NMIMS Mumbai BBA or IIM Rohtak IPM (exit after 3rd year with a BBA degree)?
IIM Rohtak is better if you want to join IPM there and graduate with a BBA after three years.
A BBA from IIM Rohtak is unquestionably more valuable than a BBA from NMIMS, Mumbai because the course curriculum and pedagogy are superior at IIMs, which use a trimester system rather than the traditional semester system used at NMIMS.
The placements will be similar between the two. However, NMIMS wins because, with only a BBA, you'd have to apply off-campus if you wanted to be placed at IIM Rohtak, as there are no placements for BBA students.
Keeping everything in mind, you should prioritize IIM Rohtak over NMIMS because of the IIM brand and because it is a less expensive option. At the end of the day, you still have the option of pursuing an MBA at IIM Rohtak, which you do not have at NMIMS, and CAT can be quite unpredictable and difficult.
Considering my interest in Finance and a prior IT work experience of 2.5+ years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs (IIM Ranchi/Trichy)?
I believe that the roles available in the finance sector at NMIMS are readily equivalent to those at IIFT, if not superior. Mumbai's location is quite advantageous for the institute. During placements, a sizable number of finance companies visited the campus.
However, there is fierce rivalry for these positions within the class, particularly among those who studied business as a major in undergrad. This is why it can be difficult for engineers pursuing an MBA at NM to be shortlisted for financial positions because financial institutions prefer to interview candidates with backgrounds in commerce. However, getting on a shortlist for financial roles becomes simpler if you are able to pass one or two levels of CFA or FRM.
In terms of financial roles, NMIMS = IIFT > new IIMs
Considering my interest in Finance and a prior IT work experience of 2.5 years, what should be the preference for me among IIFT Delhi, NMIMS Mumbai, and new IIMs IIM Ranchi, Trichy?
When it comes to financing roles, NMIMS is generally seen as being on par with or even better than IIFT. One advantage of NMIMS is its location in Mumbai, which can be beneficial for students seeking finance roles. A decent number of finance companies visit the campus during placements, offering a good range of opportunities for students. However, it's worth noting that the competition for these roles can be quite intense, especially for students with engineering backgrounds. This is because finance companies often have a tendency to shortlist more students with commerce backgrounds for interviews.
That being said, if you are able to clear one or two levels of the CFA or FRM exams, it can become easier to get shortlisted for finance roles at NMIMS. Overall, when it comes to financing roles, NMIMS is generally seen as being on par with IIFT and better than the new IIMs.
How many people from other cities take admission in MBA colleges (JBIMS, NMIMS, Welingkar) in Mumbai? Generally what is the ratio in a batch?
To answer this question accurately might be difficult since we do not have the internal data with us and the exact numbers can vary year to year. But, commonly, large numbers of students are from outside Maharashtra.
In JBIMS, the number of non-domicile seats is 18 out of 120, so you can't expect those 18 students to be from outside Maharashtra. It is worth noting that the exact ratio would also depend on several factors like the college's popularity, the number of seats available, and the program they are offering.
What is the total expense of an MBA at NMIMS?
The total expense of an MBA program at NMIMS Mumbai, can vary depending on the program chosen and other factors such as living expenses and personal expenses. As per the latest information, the total fees for the full-time MBA program at NMIMS Mumbai, was approximately INR 20 lakhs. This fee includes tuition fees, library fees, examination fees, and other related expenses.
Apart from this, students also have to bear the cost of living expenses, such as accommodation, food, transportation, and other personal expenses. The cost of living in Mumbai can vary depending on the location and lifestyle of the student.
It's important to note that the fees and expenses can change from year to year, and you should check with the institute for the most up-to-date information on the total expenses of an MBA program at NMIMS.
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