Among NMIMS Bangalore and NMIMS Mumbai, the latter is the better option. Here are the reasons why.
My friend was an Engineering fresher student at NMIMS and was very satisfied with the placements of freshers at NMIMS.
Summer placements
During the summer placements freshers are most preferred by sales and marketing companies, especially FMCGs. Even big finance companies hire freshers. The students whether freshers or work experience are preferred on the basis of the individual requirements of the companies which keep changing. So the placement is proportionate and no distinction is made.
Final placements
The final placements take place in 2 stages. The lateral placements are for 24 months and then executive placements are for people having less than 2 years of experience.
Packages offered
During the summer placements, freshers are offered PPOs which are hefty packages. However, for Final Placements, companies do consider work experience and thus experienced ones tend to land better packages than freshers. But the entire scenario is quite unpredictable as I have seen freshers receive the highest package as well as the lowest package. Placements depend on your overall profile which includes your grades and your luck too!
Ashoka University’s B.Sc Economics program offers a major in Economics and interdisciplinary majors in Economics and Finance, Economics & History, and in Politics, Philosophy and Economics(PPE). NMIMS offers Economics courses which include core subjects as well as subjects like Psychology, Sociology, Political Science, IT, etc.
Both the universities offer decent placement. Top recruiters at Ashoka University are 4 MC, Kenzie Banks, and other social sectors and the average package offered was around 6-7 LPA. In NMIMS 77% of the BSc Economics students got placement from 2016-19 batch with an average package of 4.6 LPA. Top recruiters in NMIMS are Ernst & Young, Deloitte, KPMG, PwC, etc. Ashoka University also offers good internship facilities and summer exchange programs.
Compared to NMIMS, Ashoka University facilities are much better. Most of the faculties of Ashoka University are alumni of Harvard, Stanford, Oxford, etc. The course fees for Economics for the first year at NMIMS is Rs 2.75 lakhs while at Ashoka University the course fee is Rs 8.18 Lakhs. Both the universities provide scholarship facilities to meritorious students and those who need financial aid.
Both Narsee Monjee (NMIMS) and Ashoka University offer decent Economics programs which makes it difficult to pick one university over the other. So, choose according to your convenience.
Yes, it’s worth it. In some cases, it is even essential to do an MBA after having 2 years of work experience in IT.
I know a few people from SIBM Pane, so I can tell you about the MBA program offered by them.
Also, MBA can be a much-needed break for many with corporate careers. It’s a fun experience, you will get to learn a lot through many corporate interactions.
VGSoM is a Business School, focused solely on offering full-time residential management degrees available in various streams, as opposed to NMIMS, which expands to offering UG, PG, and diploma degrees in law, Commerce, Engineering, Arts, and Science degrees to thousands of students each year.
Here are some highlights of both of these universities.
Parameters |
VGSoM IIT KGP |
NMIMS Mumbai |
Institute Ranking (India Today) |
22 |
9 |
Placement Percentage |
100% |
100% |
Average Fee |
INR 5.22 LPA |
INR 9.25 LPA |
Average Package (MBA) |
INR 18.1 LPA |
INR 18.33 LPA |
Hostel Fee |
INR 22300 |
INR 1,80,000 |
Admission Criteria:
Both of these universities follow merit-based admissions, from scores determined by entrance exams and written tests.
VGSoM, IIT KGP: MBA aspirants are required to have a graduation degree along with CAT exam scores.
NMIMS, Mumbai: MBA aspirants are required to score 50% in their graduation degree and have the NMAT entrance exam scores.
Infrastructure:
VGSoM, IIT KGP:
VGSoM campus is a part of the 2100 acre IIT KGP hold, settled in the heart of the city.
The campus houses massive classrooms, computer & IT labs, auditorium, cafeteria, hostel, sports complex, among other basic amenities.
NMIMS, Mumbai:
NMIMS is housed with a new campus with world-class amenities and state of the art technology, stretching across its 3,50,000 square feet campus.
The new campus has a 10-story building, housing 60 classrooms, a massive library, conference rooms, placement hall, examination hall, and other offices.
Placement:
VGSoM, IIT KGP:
Over 70 recruiters participated in the campus drive, driving talent from VGSOM.
The packages vary from 10 LPA to 30 LPA, each year.
From the 2018-2020 class, the highest package rose up to 29 LPA, with the average being set at 18.1 LPA.
NMIMS, Mumbai:
NMIMS holds annual placement drives with a success rate of 100%.
As per the recent cycle, the highest package offered to students was 30.37 LPA, whereas the average salary package offered to students came up to approximately 17.97 LPA.
Bank of America, Deloitte, Vedanta, Accenture, Amdocs, Aditya Birla, and Google are some of the highest paying companies pooling talent from NMIMS every year.
All the institutes run a tight ship and deliver great results, given the atmosphere. Here, VGSoM has a better edge when it comes to Management degrees. Students must consider the college with the best Return on Investment ratio and teaching environment.
Recommendations on joining an IIM:
For individuals who come from top tier engineering colleges (such as IITs or BITs) and have a salary of more than INR 10 lakh per year in the tech sector:
For individuals who are not from top colleges and have a salary of less than INR 5-6 lakh per year:
For individuals who come from top tier engineering colleges and have made poor decisions in their lives:
For entrepreneurs or aspiring entrepreneurs:
Most part-time courses carry no real value other than adding the post-graduate tag. They have no worth in the corporate world irrespective of whichever reputed college you have chosen. NMIMS is one of the top reputed B Schools in India and has a big brand name.
I know a friend who chose NMIMS Executive MBA and paid hefty fees just for the brand name instead of doing the same course at a less popular B School. She regretted her decision and claimed the program to be a total waste of money and time. She said she could have done the same from another B School at half the cost. So part-time MBA itself is not that worthless, but paying a hefty sum merely for the brand name and postgraduate tag is illogical. You can do the same program at a much lesser cost than other B Schools.
NMIMS is a well-respected university in India, and their BCom (Hons) program is highly sought after by students because not only is it challenging, but it also provides a strong foundation for a career in business and commerce. The faculty is knowledgeable and supportive, and the campus has a wide range of resources and facilities available for students.
Particulars |
NMIMS Placements |
Highest placement |
5 LPA |
Average placement |
3.2 - 3.4 LPA |
Lowest package |
1.4 - 1.6 LPA |
Position |
Financial Analyst, graduate trainee, tax consultant, etc. |
Companies |
Deutsche Bank, Crisil, J.P Morgan, Google, Axis Risk, UBS, TresVista, etc. |
If you attend this college, you'll find that it caters to an expensive, cushy, rich crowd. However, whether or not you actually learn anything will be up to you, as the classes can be quite lax. You'll need to maintain 805 attendance, which is compulsory.
On the bright side, the teachers are good and there are decent placement opportunities, especially when compared to other colleges. There are also various opportunities available, but keep in mind that money talks here, so be prepared to fend for yourself. The course itself is okay, much like most engineering colleges, but the labs and equipment are good and the infrastructure is solid.
Overall, if you choose to attend this college, you'll find that it's like any good engineering college with a higher fee. Just remember to stay focused and take advantage of the resources available to you. With hard work and dedication, you can succeed and thrive in this environment.
NMIMS Mumbai, a private deemed-to-be university, was established in 1981, and it offers an extensive range of management studies, postgraduate, and doctoral programs. The university has been categorized as a Category 1 University by the Ministry of Human Resource Development (MHRD), and it is well-ranked for its BTech, BBA, and Pharmacy courses.
NMIMS Mumbai has collaborated with various universities across the world for student exchange programs, research collaborations, colloquiums, seminars, and conferences.
Here are some important details about NMIMS:
NMIMS Mumbai is committed to providing its students with the best facilities and resources to ensure a fulfilling educational experience.