As a B-School, KJ Somaiya has certain factors which are advantageous, such as location, ROI, alumni base. Since Mumbai is the corporate hub of India, the college easily attracts many companies. SIMSR has a huge alumni base with people working at imminent positions in the corporate world. 

However, it doesn’t come under the top B-Schools in India. SIMSR brand doesn’t have much recognition. Although it attracts many companies, the placement average isn’t at the same level as top B-Schools. KJ Somaiya placements 2022 had an average CTC of INR 10.95 LPA. 

To understand the difference; we need to know these terms one by one. All these examinations are directed towards research oriented professions. UGC and CSIR both are statutory organisations. The description are as follows:

National Eligibility Test (NET)

• This is a requisite examination for individuals aspiring to teach in universities or colleges. 
• It prominently has two categories; assistant professor and junior research fellowship (JRF). 
• It is conducted in 81 subjects and is acceptable all across the country.

Junior Research Fellowship

University Grants Commission conducts NET exam and it tries to present two group of qualifiers which are as follows:

• NET AP – Assistant professor qualified is eligible to apply for lecturership profiles in universities.
• NET AP & JRF- Candidates clearing the JRF cut-off precisely are financed by UGC to carry research/ PhD in their fields of interest. A specified monetary amount is paid to every candidate.

Council Of Scientific and Industrial Research (CSIR)

This is a premiere research institute in India conducting eligibility tests & fellowship for science and science related subjects. The subjects included are :

• Chemical Sciences
• Life Sciences
• Mathematical Sciences
• Physical Sciences

The recent addition to this framework is in the form of the National Testing Agency (NTA). It is a government body established to look up to the administrative forefront of how these exams are to be conducted. 

Both CSIR & UGC have now transferred their entire exam process to NTA to make it more efficient & productive.

Yes, NMIMS is considered to be the MBA college in Mumbai city and its MBA program is highly regarded among aspirants. Here are a few pros and cons of the institute that might help you 

Pros

• The college is well-known for its state-of-the-art infrastructure. The classrooms have all modern facilities and the library too is well-stocked.
• Its location gives it leverage in establishing healthy industrial relations.
• The parity of the faculty cannot be doubted as they deliver excellent lectures.
• The academics are much more than just bookish language as students are made to solve Case-based studies.
• The food served in the canteen is quite good.
• Students get the chance to participate in lots of competitions and earn well, or get PPI.

Cons :

• NMIMS fees are exorbitantly high. The first-year fee is INR 11.95 Lakhs. You also need to consider the expenses of living in Mumbai.
• Hostel faculties for only limited students 
• A few faculties have no interest in teaching. 
• The placement stats are inflated and thus misleading. 
• The MBA batch of NMIMS has a huge batch of around 600 students affecting the quality of education.
• There is a huge gap between the administration and the students. 
• Easy entrance exam affects the quality of the crowd.

So, NMIMS was once a great B School but the increasing batch size has affected its reputation largely. You can go for colleges with a smaller batch size and similar fees to get better job opportunities.

Since you already have a work experience of 2 years you should go for an executive program from a reputed institute rather than doing any regular program.

• You should never hold your career because of continuing with a regular MBA program rather than you should choose an executive program.
• For the executive program, you can choose a 1-year global MBA degree in collaboration with 3 B schools.
• They are Cardiff School of Management, UK, IIM-Indore, and Universal Business School, Mumbai.
• In this program, you will be able to learn from these big institutions, especially IIM’s.
• You will also be getting good global exposure.
• The curriculum of the college will be the British curriculum and all these programs will develop your skills and will help you in your career development.

The executive program of IBS Hyderabad is also very good. There are several other institutes offering executive MBA programs where you can research and choose the best option.