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Which is better for finance: NMIMS Mumbai or IIFT Kolkata? Why?
NMIMS Mumbai is comparably better for Finance specialization. It is a well-recognized name in the Finance sector. Due to the locational advantage, it’s easier to get good exposure and networking opportunities. All big banks and sought-after finance companies visit NMIMS Mumbai placement drive. Even consulting companies offer job roles in the BFSI domain to Finance students. Despite the huge batch size, you can expect good placement opportunities. During NMIMS Mumbai placements 2022, the highest salary package offered in the Finance domain was INR 32 LPA.
If you have to join one: NMIMS MUMBAI or IIM ROHTAK, which one would you join and why?
Given the two chances, I will definitely join IIM Rohtak over NMIMS anytime. The reasons for my choice are
Campus: The newly made campus of IIM Rohtak stretches over 150 acres and is loaded with top-notch facilities. Although some might consider its location at a disadvantage to NMIMS, in reality, it is just an hour's drive away from Delhi.
Placements: IIM Rohtak has an upper hand in placement opportunities as well.
|
Particulars |
IIM Rohtak |
NMIMS |
|
Average CTC |
INR 16.06 LPA |
INR 23.07 LPA |
|
Highest CTC |
INR 32.00 LPA |
INR 57.65 LPA |
|
Total Recruiters |
80+ |
40+ |
Pedagogy: You can never compare the pedagogy of an IIM with any other B School. It’s very rigorous and the curriculum does not focus on academics, but also on exposure. This exposure is brought by events like TEDx and Marathon where students learn how to manage. Guest faculties from other IIMs, institutes like MDI, and senior management from top firms visit the campus for industry exposure.
Fees: IIM Rohtak- ?9.9 Lakhs (1st Year Fees)NMIMS- ?11.95 Lakhs (1st Year Fees). Despite being an IIM, Rohtaks fees are lesser than NMIMS.
Peer Learning: The peers are some of the most talented people you will ever come across. They have gotten into IIM with a percentile of more than 99.5. Moreover, there is a healthy blend of freshers and experienced students to promote effective peer learning. Most activities are conducted group-wise and each group comprises students from different backgrounds.
I hope these reasons might have cleared all the remaining doubts you had.
Is NMIMS BBA worth paying 2.5 lakhs per annum?
If you are an average or above-average student, seeking an enjoyable college life, wanting to avoid spending a fortune, and do not need great company placements, then joining NMIMS may not be the best option for you. NMIMS is known to have strict policies and can remove students from college at any time without mercy, which can negatively impact your mental and physical well-being, finances, and career. Additionally, there is no academic or exam coordination between their colleges, and if you are not in NMIMS Mumbai, you may face difficulty in exams, as the topics may not have been covered or the evaluation may be too strict. Even past students who opted for re-evaluation later failed.
The placements are not commensurate with their reputation or the fees charged. The topics covered in BBA are of MCom level, which can be challenging for science students. Therefore, if you seek peace, cost-effective education, and wish to avoid loss of years, you may want to consider other institutes like Christ University, which provides better value for money. NMIMS BBA may not be suitable for middle-class students, science students, above-average students, or students aspiring for MBA entrance.
Which college is good for MBA, Nirma University, Symbiosis Pune or Narsee Monjee Mumbai?
NMIMS is the best option among these. The strategic location, excellent placement, and brand value put NMIMS ahead of the other institute mentioned in the question.
NMIMS is located at the financial hub of Mumbai. The campus is just an hour or an hour and a half drive away from commercial and industrial spaces like Bandra Kurla Complex, Navi Mumbai, South Bombay, etc. Due to the locational advantage students can easily attend industrial visits of reputed organizations like TOI, Pepsico, JPMC, etc.
NMIMS Mumbai placements are way ahead of the B-Schools in the same tier. Even with a batch size of 500+, the institute offers an average CTC of INR 23.07 LPA.
What is the total cost incurred in doing your MBA from NMIMS Mumbai?
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.
How is the placement at NMIMS Mumbai? I have heard that they show inflated figures in their website.
Placements at NMIMS Mumbai are overall good and they are especially appealing in the finance domain. Like any other B school, NMIMS also projects an optimistic view of the salary figures that are sometimes slightly inflated but they are not factually wrong.
Connecting with past NMIMS students can get you a better idea of the actual figures. I also contacted my friend who was in the NMIMS 2016 batch. The average CTC around that time was 12 LPA which was pretty good considering the huge batch size of core MBA. The highest CTC that year stood at 32 LPA whereas the lowest stood at 8-8.5 LPA.
Sector-wise, the average CTC of Marketing was higher than the institute's average. In addition due to lower strength in Operations, they also fared well in placements. The students in Operations were able to get the desired job easily. The placements did not face any major issue except that the in the last round packages offered were as low as 8-10 LPA when around 100 students were left unplaced.
International roles were offered by Goldman Sachs, GE, Aliaxis group & few other companies. But the postings were mostly short-term in nature wherein you have to spend 3-3 months only.
Overall I think the placements are decent but might deteriorate with the increasing batch size and fees.
Which college is better: NMIMS or SP Jain or new IIMs?
I will rate these colleges out of 100 to give you a relative reference (where IIM A,B,C are a 100)-
- SP Jain- 95/100
- NMIMS- 80/100
- New IIMs (the best ones like Ranchi, Rohtak, Udaipur)- 70/100
- The other new IIMs- 50/100
Out of all these colleges, SP Jain is the best. It has a small batch size in comparison to NMIMS. Other than that, it has a unique, value based pedagogy, and renowned faculty.
Thus, SP Jain is the best option among these for your PGDM.
Is the NMIMS M. Tech in Data Science worth joining?
NMIMS Deemed to be University has inaugurated a full-Time M. Tech. in Data Sciences (Business Analytics) and has been attuned by leading academicians and experts from the industries. The institute has been ranked 57th among Top 200 universities in India by NIRF 2020 Rankings. ARIIA has ranked NMIMS at 26th out of 50 top universities in India. The total fee for the course is 10.03 Lakhs.
Eligibility:
- B.Tech. / B.E. final year students can also apply.
- Students applying, must have a minimum aggregate 55% marks or CGPA 3.0 or above out of 4 in B.Tech. / B.E. in all streams or M.Sc. – Maths, Statistics, Computer Sciences, IT, Electronics, MCA or AMIE or the other equivalent UGC approved qualification for M. Tech. program.
- Candidates who hold a graduation degree by doing a part-time course or via distance learning, externally, open school from recognized University are equally eligible to register as per UGC guidelines.
Placement:
- The college organizes placement drives for 4th-semester internships and most of the students get PPO’s according to the standard of industries.
- More than 166 companies visited the campus as of 2019 records and have a tie-up with more than 300 companies.
- Past recruiters of the college include Reliance industries limited, SAS, Morgan Stanley, FedEx, Axis Bank, Fidelis Macro Global Fund, Capgemini, Mahindra Group, etc.
- The internship stipend ranges from 20,000 to 80,000 per month which could be considered pretty decent.
- For the batch 2019-21, the placement season commenced a little early, and Reliance industries limited and SAS have already visited the campus and recruited students.
The details discussed above will assist you in acknowledging the college wisely for Masters in Data science you would like to prefer. However, the requirements must be considered a bit like the placements, fee,s and faculties to form sure your chances of getting admitted.
Which is better, ISBF Delhi or NMIMS Mumbai for economics honours?
Both the colleges ISBF Delhi and NMIMS Mumbai offer a decent Economic Honors program. I have drawn a detailed comparison between the two on the basis of the following parameters
Worth of the Degree: NMIMS might be a reputed college but its degree cannot be compared to that of ISBF which offers a University of London degree in addition to academic assistance from London School of Economics and Political Science, the top-ranked institute in Economics.
Curriculum: Economics is vast and covers a very broad spectrum of subjects from development and finance to international trade. Now the University of London excellently allows the students to choose 6 electives of their choice in addition to 6 compulsory subjects. This ensures that the students get a job in the sector they are passionate about. This flexibility of curriculum lacks on the part of NMIMS.
Prospects: A DU student applying to top institutions in the UK for a master, is required to complete a diploma year before starting with his master's. This aims to compensate for the difference in the standard of education. However, anyone with a University of London degree can directly apply for a Master in top universities in the UK.
Batch size: The batch size at ISBF is relatively smaller than that of NMIMS. This aids in better student-teacher interaction and class discussions. This in turn helps in better delivery of the curriculum.
So in almost all aspects, ISBF is a better choice than NMIMS.
Does NMIMS, Mumbai fall in Tier 1 B-School category?
NMIMS is deemed to be a University owning 17 specialized schools, more than 17000 students, and 750 plus full-time faculty members. The College offers a vast array of PG and Doctoral programs in Management studies such as MBA, E-MBA, PGDM, and Ph.D. along with a few UG, Diploma, and PG diploma programs. Known for its MBA/PGDM program, the NMIMS Mumbai is AICTE accredited and has been ranked 25th by NIRF in 2022 in the management category. NMIMS Mumbai programs are nationally and internationally accredited by NBA, NAAC, AMBA, SAQS, and the Bureau of Indian Standards. Some major highlights of this elite institute are as follows
- The NMIMS Mumbai MBA programs are MBA with specialization in Finance, Information Systems, Marketing, Operations and Decision Sciences, MBA –HRM, and MBA Pharmaceutical Management.
- The fee for the MBA program is INR 23.90 Lacs. The investment in fees and other expenses is compensated by high placements, giving the students high RoI.
- NMIMS has received Global International AACSB Accreditation.
- NMIMS offers its Management programs over 4 campuses across the country
- The primary pedagogy adopted is the Case Study to stimulate practical knowledge and personalized learning through live scenarios.
Rankings
|
Ranking body |
year |
Rank |
|
IIRF |
2023 |
9th among private colleges |
|
NIRF |
2022 |
25 Private MBA; 11 in Pharmacy; 51 University |
|
Outlook |
2021 |
4 |
|
ET B School |
2021 |
6 |
|
MHRD |
2020 |
1 |
|
Business Study |
2020 |
10 |
|
India Today |
2020 |
2 |
|
The Week |
2020 |
5 |
NMAT
NMAT is an easy paper compared to other entrance exams but the competition is tough as most students attempting NMAT want to get into NMIMS. So an overall good profile can increase your chances of admission.
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