Answering such a question is a bit typical as it is important to know whether you are working or just asking. If you are working or due to some reason there is a gap of 5 years after graduation then you should have substantial reason during your PI.

Another crucial factor will be what the main reason is for the 5-year gap after graduation. Just in case,

• If you are a female candidate and left work due to marriage, childbirth, and relocation to a different city, the recruiters will tend to be more cooperative.
• If you do not have any illnesses or other severe burdens recruiters will be skeptical of hiring you as it shows that you lack the motivation to work. 
• But, if you are from PSU you would be preferred in final interviews. I would suggest you with such experience in PSU and 5 years of gap your best bet would be towards consulting. Though, it could be a bit difficult getting into FMCG.

Apart from all this, if you want to join NITIE for placements, I think the average package is pretty good now and you will get at least 15 LPA if you are a sincere person or at the worst someone will get only 10 LPA for sure. Better you prepare yourself with convincing reasons and joining NITIE would be the best option.

One of my friends attends NITIE and here is his experience. NITIE Mumbai offers 5 courses and accepts exam scores of CTA, GATE, GRE, and GMAT. PGDIE, PGDPM, PGDMM accept GATE scores. PGDIM, PGDISEM accept CAT scores.

• My friend got admission based on his GATE (Mechanical engineering) rank i.e. AIR 689. The GD-PI call is based solely on the GATE score out of 1000. The final selection depends on GD-PI, past academic records, and work exp if any. My friend did convert to PGDIE with a merit number 27.
• One of my friends also got into NITIE through CAT. For this, you must have a CAT score greater than the Cut-off decided by the college. As I have learned from my friend this year the cut-off was around 97.5 % overall with sectional greater than 92 %. Apart from that, they do look into your academics and work-ex.

You can visit ‘www.nitie.edu’ once the institute releases the application and apply. You take admission in NITIE by writing the CAT to apply for the PGDIM/PGDISEM course, or by taking the GATE to apply for the PGDIE/PGDPM/PGDMM programs.

Having to know some people studying in both these colleges, I can say that they are equally good. You can opt for any one of them, their respective programs are also good. They are recognized as Centres of Excellence by MHRD, Govt of India.

The choice mainly depends on the individual and their preferences. You should go for the one you are enthusiastic about.

• NITIE offers 3 courses, where the selection is through GATE scores.
• These include Post Graduate Diploma in Industrial Engineering, Project Management, and Manufacturing Management.
• These courses are a mixture of technical and business management.
• IITs offer M.Tech through GATE exam scores. 
• It involves core specialization and nothing about industrial management.

So, the selection of the college and the course entirely depends on you. Go through them and then decide which will be a better option for your career.

Let me share one of my friend’s experiences, he was in a similar situation like this. These are his views on the job at IOCL. It may differ according to every individual and many may not agree to the points.

• The quality of work he was given was not something that appealed to him. He was doing mostly administrative and general management work which did not fulfill his needs.
• Even though you will think that being a PSU does not have any pressure, you are quite wrong. He was in the marketing division and it was really hectic.
• Most importantly, his career was mostly in the hands of his seniors and those with a good lobbying power were more favored. 
• It is not that the same thing does not happen in private sectors, but there is always an option to quit another company in the same sector. Sadly that is not possible in the oil and gas sector.
• Promotions at PSUs are based on time and experience rather than merit. The more time you spend with the company, the more rewarding it is for you. 
• Thus you can see even ITI degree holders at the top management of IOCL. This is not the best form of governance.
• The compensation initially may look very attractive. But later on you will realize that it is actually quite less compared to industry standards.

So according to him, he felt like he was not learning anything new and was stuck in the same position for years. After joining NITIE Mumbai he got to learn a lot more. It will progress his career leaps and bounds.

This depends entirely upon you and how you want your career to be shaped. Still it is suggested that you take a few important things into account before coming to a conclusion.

Your Financial Establishment:

• Several GATE qualifiers secure scholarships at NITIE. 
• The fee structure is 8000 per month. 
• Other than that, you can also have access to several loan facilities, making your financing quite easier than anticipated. 
• Since the course is 2 years long, it can be easily affordable.

Your Salary Package:

• A reasonable salary package of a good profile at NITIE Mumbai can range anywhere around INR 12 LPA. 
• It will be closely similar to the increments you receive after about 2 years. However, it all depends upon your growth and how you tackle your work life.

Your Interests:

• It depends upon whether or not you are interested in Management or Core Technology. 
• NITIE Mumbai will essentially incorporate you in several managerial roles, and will not mostly include any technical ones. 
• Most importantly, a product engineer or technologist with a constant 2 years of experience definitely is preferred more than others. 
• Apart from that, you need to be excellent with handling technology. 
• That being said, if you secure a similar role at NITIE, then you should go for it nonetheless.

Exposure and Experience:

• Since the course you will pursue at NITIE, Mumbai is more promising, it will fetch you a good amount of exposure. 
• In fact, it will enhance your confidence level by the end of the course. 
• Most essentially, you will secure cross functional exposure.

This is all that you should be aware of. It is suggested that you take the decision wisely because both of them are good choices nonetheless. 

Although there has been an increase in the fees since last year, the placement packages offered to suffice for that hike in fees. The average package ranges around 19.8 LPA and the highest package around 58.2 LPA which covers the fees hike. 

It has highlighted the ROI factor as well. Moreover, NITIE’s fee structure is quite less in comparison to other MBA colleges. Therefore, it would be a safe option to enroll at NITIE by taking a loan.

A student loan can be easily be arranged. You can take a loan from SBI NITIE Branch with an interest rate of 8.7%. The Canara Bank provides a loan with an interest of 8.7% as well.

Well once you are in top B-Schools you don’t worry about placements until and unless you are literally under confident with your skills and knowledge. And that happens by chance as the curriculum makes you super ready for the challenges whatsoever.

But, summer placement will certainly affect the number of shortlists you get. Then it is up to you, how soon you can convert one out of the few shortlists that you have.

Also, summer placements will be affected if you have not been part of great initiatives or projects in your work experience to make up for it. So, I can say as no. of shortlists may be low, but the shortlist converting ratio is high as you hold a 2 yr IT Work Ex. and don't worry about summer placements. There is a lot more to do here.

So, this is the detail I can assist you with and I hope you are ready with your preparation. Just give your best and you are in NITIE.