MumbaiNMIMSCourses & FeesMaster of Business Administration [MBA]

Master of Business Administration [MBA] From NMIMS, Mumbai

Mumbai, MaharashtraDeemed to be UniversityEstd 1981NAAC Grade A+
#8 For MBA By Indiatoday 2024  
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Master of Business Administration [MBA] 
first year fees:  ₹12,50,000
4.22 YearsFull Time
Year12
Tution fees₹1250000₹1250000
Total Year Wise fees12.50 Lakhs12.50 Lakhs

NMIMS Upcoming Application Dates 2024

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Important Events

EventsDates
NMAT 2024 Exam Date
Ongoing
Nov 05, 2024 - Dec 20, 2024

Expired Events

EventsDates
NMAT 2024 Scheduling DateAug 01, 2024 - Oct 14, 2024
NMAT 2024 Registration DateAug 01, 2024 - Oct 10, 2024
Application Timeline (MBA)Aug 01, 2024 - Oct 10, 2024

Important Events

EventsDates
NMAT 2024 Exam Date
Ongoing
Nov 05, 2024 - Dec 20, 2024

Expired Events

EventsDates
NMAT 2024 Scheduling DateAug 01, 2024 - Oct 14, 2024
NMAT 2024 Registration DateAug 01, 2024 - Oct 10, 2024

NMIMS Cutoff 2024

NMIMS, NMAT Cutoff 2023

The NMAT 2023 cutoff percentile for the Master of Business Administration [MBA] at NMIMS was 96 for the General category.

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NMIMS Master of Business Administration [MBA] Ranking

NMIMS MBA ranking by India Today is 8 out of 275 in India in 2024 and it was ranked 10 out of 272 in India in 2023. NMIMS MBA ranking by NIRF is 21 out of 125 in India in 2024 and it was ranked 21 out of 125 in India in 2023. NMIMS MBA ranking by Outlook is 4 out of 119 in India in 2021 and it was ranked 4 out of 155 in India in 2020

Indiatoday Ranking

#8 out of 275 in India 2024 
#3rd in Mumbai

NIRF Ranking

#21 out of 125 in India 2024 
#4th in Mumbai
#5 in Maharashtra
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Written By Collegedunia Team 

Course Details

Fee Structure for MBA –

NMIMS MBA Fee Structure

Master of Business Administration [MBA] Comparison

NMIMSNMIMS BangaloreIIM MumbaiIBS Hyderabad
Reviews Rating
Cost To Study
Total Fees
2500000 (2 Years )
Hostel Fees
180000
Total Fees
2000000 (2 Years )
Hostel Fees
200000
Total Fees
21 Lakhs (2 Years )
Hostel Fees
24000
Total Fees
17.01 Lakhs (2 Years )
Ranking
# Ranked 8/275 by India Today Management Ranks
# Ranked 30/275 by India Today Management Ranks
# Ranked 12/292 by India Today Management Ranks
# Ranked 22/275 by India Today Management Ranks
Highest Salary₹6770000₹4325000₹5400000₹2100000
Average Salary₹2513000₹1411000-₹971000
General Course Details
Duration - 2 Years
Course Offered - Full Time
Total Seats - 600
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
Duration - 2 Years
Course Offered - Full Time
Total Seats - 240
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
Duration - 2 Years
Course Offered - Full Time
Total Seats - 300
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
Duration - 2 Years
Course Offered - Full Time
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
EligibilityGraduation with 50% + NMATGraduation with 50% + NMATGraduation with 50% + CATGraduation with 50%

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Why To Join NMIMS - Reviews & Rating

4.2
& Win Monthly Prizes Up to ₹1 Lakh/-*
5(43%)
4(30%)
3(4%)
2(15%)
1(8%)

Academic
4.2
Faculty
4.3
Infrastructure
4.1
Accommodation
3.8
Social Life
4.0
Placement
3.9

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Course Curriculum Overview:

From the course point of view, I think MBATECH is good option because the overall course covers up in just 5 years, which academically saves you one whole year.Also you earn technical as well as management knowledge

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Sarthak Gandhi
Sarthak Gandhi MBA, General (Enrolled 2020) Reviewed on Nov 9, 2024
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Course Curriculum Overview:

The NMIMS distance learning curriculum helps you in understanding of business management concepts, it covers core subjects of Management, finance, operations or HR. It help in enhancing the critical thinking. Talking about the exam timing. You get 2.5 hours for completing the examination of 70 marks.

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Puneet Sharma MBA, General (Enrolled 2022) Reviewed on Sep 4, 2024
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MBA REVIEW

4.0Helpful

Course Curriculum Overview:

Mba allows for greater job opportunities and it enhances my cv I did mba for personal growth and exposure It gives good exposure to us as a student which helps us tu think beyond and have creative ideas as well

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Harshit
Harshit MBA, General (Enrolled 2022) Reviewed on Sep 2, 2024
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Course Curriculum Overview:

The value and reputation of this college are very high and the MBA program of the college is valuable for the career growth of the students which can highly positive impact on the career, the exams and assignments of the college carried out very strictly.

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Chirag J Thakkar
Chirag J Thakkar MBA, General (Enrolled 2022) Reviewed on Jul 27, 2024
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Course Curriculum Overview:

The curriculum of the course is same as Nmims Mumbai. Where some subjects like business simulation provide real world knowledge of business and its changing dynamics, there are some subjects that in my personal opinion that are a bit irrelevant. More subjects can be added that add value to real life learnings and enhance our skillset. It was a trimester based system, where diffuculty level of exams was moderate.

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Avni Agarwal MBA, General (Enrolled 2022) Reviewed on Apr 26, 2024
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Course Curriculum Overview:

The course curriculum is very robust. The course structure is equally balanced for generam management course containing equal parts of all supposed majors like finance, marketing human resources, operations and analytics.

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SAANJH JAIN
SAANJH JAIN MBA, General (Enrolled 2023) Reviewed on Apr 26, 2024
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Awesome

5.0Helpful

Course Curriculum Overview:

I choose this course finance because I'm from accounts background I studied finance in bcom and I completed ca cpt and persuing second level the curriculum is teaching me for the basic level to intermediate level I'm learning new in every semester the course is good the teaching is moderate but it's they're doing great the timing of my exams are not bad the exams is quite difficult

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Vijay
Vijay MBA, General (Enrolled 2022) Reviewed on Apr 4, 2024
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Course Curriculum Overview:

The curriculum covers a wide range of relevant topics in business administration while ensuring depth in core areas. The course is addressing contemporary issues and emerging trends in the business world. The inclusion of case studies, practical projects, and industry interaction makes the curriculum relevant. The presence of specialized courses like financial modeling, strategic management, and marketing analytics. The internships, practical experiences, and networking events have influenced my decision. The integration of internships, consulting projects, and opportunities for learning experiences prepares students well for real-world applications. The curriculum should be enhanced with more practical lectures, and guest lectures rather than theoretical knowledge. The teaching method should include more case studies and group projects for deeper understanding There is a trimester pattern at MBA in NMIMS where a year exam is held 3 times a year with a moderate to high difficulty level.

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Jay Chandrakumar Khemani MBA, General (Enrolled 2022) Reviewed on Mar 20, 2024
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Course Curriculum Overview:

I was searching for a good master course there and MBA was a good option for me but if I do with a good college In the teaching method, they should improve the practical part No exams are not that difficult and the timing was also good

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Arvind gour
Arvind gour MBA, General (Enrolled 2022) Reviewed on Mar 14, 2024
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Course Curriculum Overview:

The curriculum was well designed covering all aspects of study. The specific modules focus on emerging trends, The curriculum is effectively balanced with the necessary tools. While the curriculum was comprehensive there were few areas where they could improve

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SACHIN MARUTI MUNDHE
SACHIN MARUTI MUNDHE MBA, General (Enrolled 2021) Reviewed on Mar 13, 2024
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NMIMS: 27 Answered Questions

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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How is NMIMS Mumbai for an MBA?

Ankita SinhaMBA tech Mechanical from SVKM's NMIMS

NMIMS Mumbai offers a good MBA program. It has a brilliant faculty base. Most of the faculty members are well-experienced and cooperative. If you are interested, you can research under any professor of your choice. It follows the Harvard case studies. You can learn and participate in the case study competitions. 

NMIMS Mumbai placements 2022 had an average CTC of INR 19.40 LPA. While the highest CTC offered by the institute was INR 24.84 LPA. Located in the finance capital of the country, it also offers good exposure to students. 

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What is the actual average salary for NMIMS Mumbai? Is it really worthwhile to do an MBA from NMIMS, considering the huge fees and inflated placement reports?

Rohan Mitrastudied at SVKM's NMIMS (2019)

One of my friends got into NMIMS through NMAT. According to him, it was not the most sorted choice as their rankings and placement reports are inflated.

  • They show an average package of 16 LPA being offered to 550 students but it is impossible to get that.
  • Usually students receive a 12-13 LPA for core subjects and 9-10 LPA for HR.
  • NMIMS is a popular brand, thus the brand name attracts lots of students in Hyderabad and Bangalore campus. But they are not good enough as generally promoted.
  • IMT, NMIMS, SIBM, XIMB were once one of the top private B-schools . But their standards have degraded recently. Only MDI managed to maintain and move forward.
  • No other B-school increased fees like NMIMS. Its fees are more than XLRI and IIM A, B and C.
  • The building at NMIMS is also not great, according to the fees that they charge.
  • No other college charges its candidates for conducting CDPI or GDPI. Whereas NMIMS students have to pay 1000 rupees.
  • After the release of the results, students have to pay fees of about 9 lakhs in just 1 week.

Spending a huge amount for MBA education is not a great idea. People might consider it an investment, but you have to make an informed decision by also considering the ROI. Therefore, if you are an outstation student consider other colleges than NMIMS.

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What is the fee structure for an MBA/PGDM course in NMIMS?

Surbhi MishraMBA from SVKM's NMIMS (2019)

NMIMS MBA fees per year is INR 10.95 Lakhs. So, the total fees for the two year long course is INR 21.90 Lakhs. Here are the specific fee details for different specializations. 

Course  Fees(in INR)
MBA/MBA HR 10,42,000
MBA in Pharmaceutical Management 6,32,000
Dual Degree in MBA Decision Sciences & Analytics and MS in Business Analytics & Information Mangement from Purdue University 12,02,000
MBA Business Analytics 8,52,000

The hostel fees need to be paid separately. 

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Which is better: PGDM or MBA from NMIMS?

Deeksha MauryaB.Tech from SVKM's NMIMS (2020)

MBA and PGDM are more or less similar. The latter is considered to be a diploma and the former a degree. The Mumbai campus of NMIMS provides an MBA degree and a PGDM degree. 

If you pursue an MBA you will be studying more of the theoretical aspects of management. An MBA institute will be following a fixed curriculum as it will be based on the university guidelines.

If you are  pursuing a PGDM course you will be gaining knowledge regarding building soft skills and the programme is more industry-oriented. An autonomous institute does not have to follow university standards, so it is free to change its curriculum according to industry standards and change in the business environment. The course will prepare you for a senior level position in a company.

It is suggested that if you are willing to do business management, be it MBA or PGDM, consider only the Mumbai campus, as it has better placements and opportunities than Hyderabad or Bangalore.

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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 it worth spending 18 lakhs at NMIMS MBA (MUMBAI)?

Girisha PandeyPGDM from NMIMS Hyderabad (2019-2021)

Do not believe in the ranking of the college. It will cost you if you are not a resident of Mumbai as the college does not have a hostel and spending this much amount for an MBA is really stupidity.

You will get an average package of around 12.5-13 LPA for core and 9-10 LPA for HR. Also, the college charges separate amounts for GDPI round and after the release of results, the college demands 9 lakh be deposited immediately within a week.

Also, it is believed that sitting in centralized AC and roaming in posh areas would not help in your overall development but exposure to different fields prepares you for the professional front.

Lastly, we can say that spending too much without availing facilities is not worth it. So abstain from getting admission here. Instead, take admission in other top management colleges where you get exposure to various other fields as well.

...Read More
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Which college is good for MBA, Nirma University, Symbiosis Pune or Narsee Monjee Mumbai?

Arpit Ranestudied at Nirma University

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.  

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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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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!

...Read More
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