The total tuition fee for MBA General is INR 27 Lakhs. The annual hostel fee ranges from INR 2.5 to 3.5 lakhs, depending on the type of accommodation. Mess charges are separate and cost around INR 70k–90k per year.
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NMIMS Mumbai MBA : Fees 2026, Course Duration, Dates, Eligibility
Vile Parle West, MumbaiDeemed to be UniversityEstd 1981NAAC Grade A++ 3.6
General Management is the most preferred MBA specialisation at NMIMS Mumbai. It is a 2-year, full-time degree program with an intake of 600 seats. The total fees is INR 27 Lakhs, excluding the hostel fees.
Candidates with a graduation degree and 50% marks are eligible to apply. Admission will be based on NMAT, followed by a competency test and PI. CAT/XAT scores are not accepted. Direct admissions or admissions through management quota are not provided. Registration for MBA admission tentatively starts in August and ends in mid-October. NMAT is generally conducted in November-December.
The highest package was INR 67.70 LPA in 2024 for MBA Core students. Meanwhile, the average package was INR 25.13 LPA. Some of the top recruiters were Accenture Strategy, Goldman Sachs, McKinsey & Company, KPMG, ICICI Bank, etc.
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Application Date:Aug 1, 2025 - Oct 18, 2025
| Course Highlights | Details |
|---|---|
| duration | 2 Years (Full Time) |
| course level | PG (Degree) |
| mode of study | On Campus |
| total fees | ₹ 25 Lakhs |
| median package | ₹ 20 Lakhs |
| eligibility | Graduation with 50% + NMAT |
| entrance test | NMAT |
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76 Studentsshown interest in the last 30 days
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Table of Contents
NMIMS Mumbai MBA Fees
Quota:
| Fee Type | Total Amount (INR) |
|---|---|
| tuition fee | ₹25 Lakhs |
| total academic fee | ₹25 Lakhs |
| hostel fee | ₹5.2 Lakhs |
| total fee | ₹30.2 Lakhs |
* Fees is refundable
Important Dates for MBA at NMIMS Mumbai
Expired Events
| Events | Dates |
|---|---|
| NMAT 2026 Exam Date | Jan 13, 2026 - Jan 17, 2026 |
| NMAT 2026 Registration Date | Jan 05, 2026 - Jan 10, 2026 |
| NMAT 2026 Scheduling | Jan 05, 2026 - Jan 10, 2026 |
Check entrance exam dates for admission in MBA at NMIMS Mumbai -
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NMIMS Mumbai: Students' Opinion
AI-Generated Summary based on 122 Reviews
NMIMS, a prestigious institute in India, offers a Master's program in Finance with a comprehensive admission process, including the NPAT exam and NMAT, followed by a case discussion and interview. The program features highly qualified faculty and an innovative curriculum. Despite high fees, with the full-time MBA program costing around 21 to 24 lakhs, NMIMS provides significant value through excellent placement opportunities. Students experience a 100% placement rate, with top companies like Google and Microsoft recruiting on campus.
The highest salary package recorded is approximately 58 LPA, while the average package ranges between 17 to 22 LPA. Additionally, NMIMS offers lucrative summer internships, with stipends averaging 1.2 lakhs. Although scholarship opportunities are limited, financial aid is accessible through tie-ups with major banks for education loans. The strategic location in Mumbai enhances the institute's ability to attract diverse companies for recruitment, making the investment worthwhile for many students despite the lack of comprehensive scholarship programs.
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NMIMS Mumbai MBA Placement
As per the latest NMIMS Mumbai placement report, the highest package for MBA Core students was INR 67.7 LPA in 2024. Meanwhile, the average package stood at INR 25.13 LPA. 168 recruiters participated, out of which 72 were first-time recruiters & 68 were Fortune 500 recruiters.
Furthermore, summer internships are mandatory at NMIMS Mumbai. The highest stipend was INR 4.4 lakhs per month, and the average stipend was INR 3 lakhs per month. Around 37% of the batch received PPOs.
A few of the top recruiters included Accenture Strategy, Avalon Consulting, Cognizant, EY, Everest Group, Bain & Company, KPMG, ICICI Bank, and Goldman Sachs.
Check More: NMIMS Mumbai Placement
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| Specialisation | Package | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| General | Median Package | ₹20.00 Lakhs | ₹21.35 Lakhs | ₹19.20 Lakhs |
| Yearly Students Placed | |||
|---|---|---|---|
| Particulars | 2024 | 2023 | 2022 |
| Student Admitted | 600 | 540 | 600 |
| Students Placed | 600 | 540 | 600 |
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NMIMS Mumbai: 27 Answered Questions
What is ranking of NMIMS in MBA colleges?
Akriti Guptalives in Mumbai, Maharashtra, India
The NMIMS rating among MBA schools is quite remarkable. NMIMS is performing exceptionally well in both rankings and placements.
The NAAC gave NMIMS its initial accreditation with an A+ grade. This was based on the institution's development into an exceptional one, as well as its performance and contribution to management education.
The following table shows the recent ranking of the institute in the management category:
|
Ranking Body |
Ranking (In the year 2023) |
|
NIRF |
21 |
|
IIRF |
25 |
|
FT |
83 |
|
Business Today |
10th among top B-schools |
So, it can be concluded that NMIMS (Narsee Monjee Institute of Management Studies) consistently ranks among the top business schools in India. Its ranking may vary across different surveys and years but is generally within the top 20-30 in national rankings.
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Is NMIMS a good college for an MBA?
Akriti Guptalives in Mumbai, Maharashtra, India
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.
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What is the total expense of an MBA at NMIMS?
Shreya MannaStudied MBA Marketing, SVKM's NMIMS (2019)
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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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?
Malhar JoshiMBA Operations & Supply Chain, Symbiosis Institute of Business Management, Pune (2014)
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.
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Which is better: an MBA from NMIMS Mumbai or a job through SSC CGL?
RohitM.B.A. - Marketing, NMIMS Mumbai (Batch '19-21)
Comparing the two, an MBA from NMIMS and a job through SSC CGL are highly illogical. The prospects and magnitude of both career inclinations are totally different. Let’s conduct a general comparison on the basis of some common aspects
- An MBA from NMIMS needs a lot of investment while a job through SSC CGL does not. Considering the probability of getting a good job after my MBA, I think going with SSC CGL is a safer option.
- Your social status will be much better in the case of SSC CGL. You might face some drawbacks in your work life but in your social circle, you will be considered a man of great importance. Your family will be benefiting from your social status through good education. The salary is average, not less given the better social status you will be enjoying in contrast to working as an MBA professional in the corporate world.
- Analyze your social and personal responsibilities as an MBA professional as well as CGL. You might get a picture of what you are aiming for. Choosing an MBA is not worth it unless it's a firm top 5 IIM or you are looking for a career abroad.
So MBA will guarantee you a lot but money which does matter to an extent but not when compared to the reputation you will gain as an SSC officer. MBA requires a lot more than you think. It may groom you but not ensure a better social structure like CGL.
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Should I join NMIMS Mumbai (MBA core) or wait for another year
Varun PandyaMBA from SVKM's NMIMS (2015)
Waiting for another year and dropping NMIMS is only justifiable if you are certain to get into the top 5 like IIM ABC and FMS. Otherwise forgoing this opportunity might not be a wise decision mainly because
- Your work experience of 22 months is the right time to do an MBA
- CAT is extremely certain. You might have been able to make it into NMIMS, but there is no guarantee you will be able to clear CAT next year again
- NMIMS has a 100% placement percentage so you will definitely end up with a good package
- The brand name is more than enough to add to your CV
Moreover, if you are willing to enter the Marketing sector, it’s still not late as FMCG don’t prefer candidates with much work experience. But if you are interested in Strategic Management, you can wait for a year and target the top 5 B Schools.
So the end note is, forgo the offer if you are certain you can make it into the top 5 else grab this opportunity.
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What is special in NMIMS, Mumbai MBA?
Rajshekhar RoyMBA tech Mechanical from SVKM's NMIMS (2024)
NMIMS is indeed one of the top B Schools in India. It has many distinguishing features making it one of the most coveted MBA destinations for aspirants. Some of them include
- Brand value: Being among the top B Schools in India, NMIMS enjoys great brand value. Its alumni are successfully leading many organizations in top roles and this alone is a testament to its brand name.
- Placements: NMIMS Mumbai has a great placement scenario. The final report of NMIMS Mumbai Placements 2022 has been released. According to the report, the highest salary package stood at INR 57.65 LPA, Students received an average salary of INR 23.07 LPA. Around 150+ recruiters participated in the placement drive from various sectors like BFSI, Consulting, IT, Pharmaceuticals, Media & Telecom, Consulting, etc.
- Location advantage: Situated in the Finance capital of India, NMIMS enjoys a great locational advantage and gives an edge to many B Schools. It is the best spot for Finance enthusiasts as the headquarters of many companies' finance sector is located here. Even the other specializations flourish here.
- Alumni: NMIMS has an elaborate alumni network that stretches across various reputed companies. Some might consider the huge batch size as a demerit but in reality, it results in a strong alumni base.
NMIMS is special in all the above aspects making it a distinguished choice among MBA aspirants.
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What is the package offered to freshers in MBA from NMIMS Mumbai?
Dheeraj ChabraMBA (Part Time) from SVKM's NMIMS (Graduated 2021)
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!
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What is the total cost incurred in doing your MBA from NMIMS Mumbai?
SnehaLived in Mumbai, Maharashtra, India
The following answer is based on my brother’s experience at NMIMS and may vary from person to person depending on their own personal expenses and standard of living. The table below shows the NMIMS MBA fee structure.
|
Particulars |
Data |
|
Total Fees |
INR 23.90 Lakhs |
|
Hostel fees (Non-Refundable) |
INR 2,25,000- 3,00,000 |
|
Hostel fees (Refundable) |
INR 10,000 |
From the above data the approximate cost is 26-27 Lakhs. The additional expenses like hanging out, fares, and miscellaneous activities can amount to 1 Lakh.
Now let’s consider you staying in a flat and not a hostel. The MBA fees remain the same. But the living expenses are considerably cut down. My friend lives in a flat with 5 people and shared her average expenses.
- The rental expense was 10k
- The security deposit was 1 lakh
- 6-8k per month for electricity bills and grocery shopping
- An additional 2-3k for hanging out
- The average auto fare would be 3k per month
- The rough average is 20k per month and if you calculate the same for 21 months it amounts to 4.2 Lakh.
The total expenses including tuition fees amount to 30-33 Lakhs. I think it’s better to go to a hostel than to a flat.
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Who offers a better MBA distance learning course - IMT Ghaziabad or NMIMS?
Yash AroraTeam Leader, Admission & Career Counselor
When comparing two top business schools, such as IMT Ghaziabad and NMIMS, it is important to consider various factors that may impact an individual's decision in choosing the right institution. Both IMT Ghaziabad and NMIMS are considered to be highly reputable business schools in India, known for their strong academic programs and commitment to providing students with the necessary skills and knowledge to excel in the corporate world.
One key factor to consider when comparing these two institutions is their course structure. Both IMT Ghaziabad and NMIMS may have different approaches to delivering business education, and it is important to research and understand the curriculum, teaching methods, and course offerings of each institution to determine which one aligns better with your learning style and career goals.
Another important factor to consider is the fee structure. Both IMT Ghaziabad and NMIMS may have different tuition fees, and it is important to research and compare the costs of each institution to ensure that you are able to afford the program and that it fits within your budget.
It is also crucial to take into account the flexibility and convenience of the program, especially for working professionals who are looking to pursue higher education while maintaining their current job. One of the universities may offer a more flexible course structure that allows students to balance their job responsibilities with their studies.
Ultimately, the decision of which institution to attend should be based on an individual's personal career goals, aspirations, and current circumstances. It is important to research both institutions thoroughly, speak with current students or alumni, and carefully consider all factors before making a decision.
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Why To Join NMIMS Mumbai - Reviews & Rating
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Dislikes
- A better exam experience was expected for a hassle free experience
- Assignment submission, and checking system was problematic.
- The exam registration fees was unnecessary
Fees and Financial Aid:
Total Fee for the course was somewhere around 1,40,000.
With multiple payment plans.
In One Go, Yearly, and Semester Wise.
There were more additional fees for Exam registration that was aprox. 600 for each subject per semester.
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Fees and Financial Aid:
It's basically integrated course of Btech + MBA in which MBA fees is 4.72 lakhs per year and BTech fees was 2.72 lakhs per year.There is no scholarship or any sort of the reservation offered in this college
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Likes
- The fee structure is good. The MBA program was not too expensive. Although it was a distance learning program, still the fee structure is decent.
Fees and Financial Aid:
There is no fee for registration. The Tution fee for entire MBA programme (in any field) is 120000 INR if you pay the entire amount at once. However, if you choose to pay the fee in semester-wise installments, the cost is 35000 INR per semester, which totals 140000 INR. I opted for the semester wise fee payment. Additionally, there is an examination registration fee of 600 INR per subject.
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Dislikes
- The assignment criteria is very critical so it will become lengthy for the students.
- The fees for the exam is quite high it needs to reduce for the students point of view.
- The exam schedule have limited dates which can create high rush for the students.
Fees and Financial Aid:
The fees structure of the collage is 140000 for the complete course in this enrollment and tution fees included also study material provided by the university including the fees, exam fees 600 needs to pay separately per subject by the students.
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Likes
- The course is great I haven't gotten any placement yet but I will my course will be completing soon
Dislikes
- The thinks I disliked are forcing us to the fees not giving us any time
- The exam interrupting and it should be improved
- Old semester videos are not available for me see but when I joined they it it is available to watch anytime but now they are asking us to pay
Fees and Financial Aid:
The tuition fees are exactly the same there's no difference and exam fees are separate they don't increase the complete cost is not different it never changed I haven't got any scholarships yes they suggested a lot of employment and stipend is around 15000rs
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Likes
- well curated syllabus was there beautifully aligned LMS portal
Dislikes
- fee structure was high as compared with other Distance education institute
Fees and Financial Aid:
The fee was a little bit high as compared with other MBA colleges, but the quality of education also was superb, there was placement assistance also was there for which we did need to pay an extra 13k, but there were no as such scholarships going to provide
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Dislikes
- too many submissions and projects, there should have been a semester system
Fees and Financial Aid:
11.95 Lacs for Year 1, Year 2 subject to revision. 2-3 scholarships are avalaible the central government scholarship, Mirae asset foundation scholarship,etc. Education loans are easily available. SBI Scholar loan is a great initiative. NMIMS offers INR 2l scholarship in tuition fees for the top 50 of the batch (interms of the merit number).
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Fees and Financial Aid:
The total is fees is around 24 lacs which had remained the same for the past 2 years but for the new batch of 2024-26, it has been increased to around 25 lacs. The overall living cost (education+ stay)can range from 30-35 lacs
The college offers scholarship to the top 50 merit students of approx 2.5 lacs, there are a few other scholarship as well whose details can be found on the website.
The college provides internship and final placements as well.
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Dislikes
- The curriculum is not on board with Mumbai campus
Fees and Financial Aid:
The fee structure depends on the program and specialization. I would recommend checking out the official website for a detailed fee structure. NMIMS provides employment opportunities for students through final placements and summer internships.
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Fees and Financial Aid:
Fee is around 2400000 for two years and the cost of living is higher in this area as the college is located in Vile Parle which is near to areas like Juhu, Andheri that are very costly. You will end up spending around 30 to 32 lakhs for the MBA at NMIMS that is a bit on higher side and you need to search flats, properties, PG in the beginning which is a heavy task.
Scholarship is for the first 50 students of 2 lakh who get admission according to the NMAT scores and ranks that you will get after 1 year and it will be deducted from your second year fees. Opportunities are too much for a talented students all major companies have visited the campus be it Finance, Marketing, Operations, IT anything.
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