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How is the placement scenario for the finance and marketing domains at NITIE?
NITIE is not visited by many companies with dedicated Marketing and Finance profiles.
It is a richer option for SCM, Operations, and IT management placements.
It is the leading name in supply chain management.
Only freshers are offered marketing profiles. The FMCGs offer profiles that are somewhat related to marketing (thus not fully dedicated to marketing).
Corporate finance profiles, Investment banking positions, or Banking firm positions are offered in finance. Banking firms do visit NITIE with good finance placements, for both freshers and experienced candidates. These finance placements offer good packages. However, the placement figure is much lower as compared to JBIMS and IIMC.
Here is the NITIE Placement record for Banking, Finance, and Insurance sectors:
|
YEAR |
PLACEMENT PERCENTAGE |
|
2022 |
8% |
|
2023 |
11% |
Students at NITIE are mostly not interested in a Finance Career. Most belong to an engineering background, almost none have a finance background. Very few students at NITIE have CFA certifications. The finance faculty is not as good as IIMs. A CFA certification is a must if you want to secure a finance position. Mostly, you are on your own.
This is the reason why recruiters seldom come to NITIE for finance and marketing positions.
Does NITIE Mumbai provide a stipend for a PG diploma in industrial engineering?
Yes, NITIE Mumbai offers an appropriate amount of monthly stipend (Teaching Assistantship, TA) to the students enrolled in the PGDIE courses of the institution. The amount offered depends upon the score obtained in the GATE examination by the candidate.
Nevertheless, every student enrolled in the PGDIE course of the institution receiving the stipend amount under the TA program has to perform certain tasks for around 8-10 hours per week related to the domain of teaching and research. You would also be required to complete the work assigned to you by the Institute.
You are required to obtain first-class or score an equivalent CGPA (or Grade) in the first and second semester examinations of the course, to be eligible for the continuation of the teaching assistantship for the following semesters.
TA would get temporarily discontinued once you start getting involved in an internship or an apprenticeship.
How is the industrial engineering course in NITIE? What can I expect my starting package to be?
NITIE Mumbai is famous for its PG courses in India. It is known as one of the best management institutes in the country.
For PGDIE, the candidates have to meet the eligibility criteria and clear the GATE cut-off for the institute. However, the course is worth investing in it. The companies that come for recruitment on campus drive are P&G, L&T, Mahindra and Mahindra, Amazon, ITC, HUL, KPMG, Deloitte, Colgate, Dabur, and more.
The recent placement statistics are below.
| Number of PPOs | 130 |
| Average CTC | INR 20.88 LPA |
| Highest CTC | INR 58.24 LPA |
Your starting salary will depend on your recruiting company and your job profile. It can be as high as 25 LPA. It can also be in the range of 7-8 LPA. On average, you can expect a salary package of around 20 LPA.
What is the process to get admission in NITIE through the GATE?
NITIE admission process consists of two rounds, i.e. GD and PI. The institute shortlists students based on their GATE score for the GD-PI round. The final selection is based on GATE score, and the performance in GD-PI. Certain weightage is given to past academic records, and relevant work experience as well.
Who are some of the famous alumni of NITIE Mumbai?
Here’s mentioning some of the famous alumni of NITIE Mumbai are:
- A.S. Viswanathan, (1978) : Chairman at Team ASV Consultants.
- Akhilesh Tuteja, (1998) : Global Head - Cyber Security Consulting, India Head - Digital Consulting (KPMG).
- Amitava Mondal, (1981) : Founder, Managing Partner & CEO at Envision Advisor LLP.
- Ananthram Kini, (1980) : Project Manager at Indian Institute of Technology, Bombay.
- Ashish Mendiratta, (1989) : Founder at SIMSA.
How are the hostels at IIM Mumbai?
2 person per room Meal quality - average/below average Hostel fees included in total fees (60,000/month) Fexed menu for mess weekly Common bathroom and toilets (6 per floor) One floor has 25 rooms 16 floor hostel for boys
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