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Which is better, NMIMS or IIT Mumbai for an MBA?
IIT Bombay provides an MBA program through the Shailesh J. Mehta School of Management (SJMSOM), Mumbai.
The department has signed various MoUs foreign universities for student exchange programs. These universities include- Kellogg Graduate School of Management, University of Connecticut, Hoseo University, and BaaN Institute.
Here is a comparison between IIT Bombay and NMIMS for their MBA programs-
|
Particulars |
IIT Bombay MBA |
NMIMS MBA |
|
NIRF Management Ranking 2023 |
10 |
21 |
|
Highest Package |
INR 72 LPA |
INR 67.80 LPA |
|
Average Package |
INR 28.88 LPA |
INR 26.63 LPA |
|
Top Recruiters |
Amazon, EXL Analytics, Google, HCL Tech, Wipro, Deloitte USI, GEP, IBM Consulting, Nation with Namo, PwC US Advisory, Quintics, DBS Bank, Edelweiss Alternative Asset Advisors, Fullerton India, ICICI Bank, etc. |
Aditya Birla Capital, American Express, Goldman Sachs, Crisil, etc. |
|
Fees |
INR 8 Lakhs (total fee) |
INR 11.95 lakhs (Per annum) |
IIT Bombay offers a much more affordable MBA program, with better placements. Moreover, IIT Bombay is a highly reputed name with a strong industry connection. This makes IIT Bombay a better choice than NMIMS for an MBA.
Comments
No doubt all the institutes you mentioned are excellent in their respective standards and fields. But the primary element that should be stressed before choosing a college is what kind of MBA you are looking for. You should determine the specialization you are willing to go for, the kind of curriculum and crowd you are expecting, and various other factors.
You need to keep in mind that an MBA degree will pose just as a stepping stone to success and cannot guarantee your success. The ultimate determining factor is the level of knowledge you gain and how you perform throughout.
All the Institutes you mentioned are top-notch and are globally recognized knowledge hubs. You cannot make a choice just on the basis of your preference. You will have to work tremendously hard to make it into these esteemed institutes.
Comments
Yes, these institutes are good options for pursuing an MBA. JBIMS is known for Finanace and Banking. While NITIE and IIT Mumbai are well known for Operations. In terms of ROI, JBIMS is best among these, followed by NITIE. JBIMS placements highlights of 2022 shows an average CTC of INR 27.63 LPA. While NITIE Mumbai placement 2022 reported the average CTC to be INR 25.41 LPA.
NMIMS has a huge batch size and the return on investment lis less.
Comments
NMIMS, NITIE Mumbai, JBIMS, and IIT Mumbai are all good institutes. These are academically excellent institutes with consistent high placements records. Their status and outreach worldwide are also excellent and therefore it is every student’s dream to join such an institute.
The ideal choice for the students can be listed as follows: -
JBIMS: It is a very good institute, especially for finance and banking. It has the best Return of Investment (ROI).
NITIE Mumbai
- NITIE Mumbai is very good for the Operations sector in MBA.
- NITIE has become one of the most recognized brand names in this industry, especially when it comes to the fields of Supply and Operations.
- Apart from this, you can also apply in different sectors such as Banking and Finance, IT and Strategy Consulting, Retail roles, Sales and Marketing, etc.
IIT Bombay: IIT Bombay is again well known for the Operations sector. It is also known for providing excellent education at comparatively less fees.
NMIMS
- NMIMS is one of the best institutes in India for pursuing MBA. The batch size is, however, big when compared to the other institutes.
- Also, the ROI is less because the fee is very high.
Since all the colleges mentioned above are really good, it comes down to your decision. Choose according to your preferences after comparing all of them in all aspects.
Comments
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