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.
Nirma University’s MBA is a good program due to the following reasons.
Overall, in terms of academics and placements, Nirma University’s MBA program is good.
XLRI is among the most reputed business schools in the country.
Having known some people studying in both these institutes, I can say that BHU is a better university than NIT Trichy.
NIT Trichy considers the CAT score to select the candidates. Here, the students from different states enjoy the 50% quota for MBA admission. NITs are engineering-oriented and you might have less exposure in terms of management studies.
IM (FMS) Banaras Hindu University also enrolls students with a good CAT score. Combined merit is formed for the students of the MBA and MBA (IB) program. The merit includes:-
BHU’s major recruiters include -Infosys, Wipro, Tata Consultancy, Federal Bank, Ansal API, IDBI Bank, Pantaloons, etc.
Categories | MBA at NIT Trichy | MBA at BHU |
Course Fee | 2.89 lakhs | 1.5 lakhs |
Highest CTC | 12 LPA | 12-16 LPA |
Average CTC | 8 LPA | 8-10 LPA |
Recruiting Companies | HSBC, American Express, ITC, Asian Paints, etc. | Aditya Birla, Wipro, IDBI Bank, Reliance, etc. |
A total number of 38 companies visited and a total of 119 students were placed from campus. Thus, FMS BHU is quite prominent compared to NIT Trichy.
When you look at Tier 3 cities, you should not expect good placements as compared to those you might bag in metro cities. The same is true for IMS Indore as well. It could be the best college in Madhya Pradesh, but the MBA program offered by the college is clearly not as enriching as that offered in a metro city. This will eventually affect placements which will cause them to be poorer.
From what most of us have observed, not all students will get placed. Only about 50% of the total students will possibly land a job with the highest salary offered at INR 6.5 lakhs per annum. The lowest salary offered is INR 3.5 lakhs per annum.
None the less, there are quite a few placement services offered by the college. These include summer placement and training that are offered on a regular basis. They also have strong linkages with the industry and many public organizations.
Some of the recruiters at the college include ITC, Nestle, Aditya Birla, Johnson & Johnson, Asian Paints and Deloitte. Another helpful point that could possibly interest you is the collaboration for MBA in Hospital Administration that the college has with Tulane University in the US.
As a suggestion, you should look for colleges in Maharashtra for an MBA as that will definitely help you seek better opportunities than IMS Indore.
FORE School of Management is a good option for pursuing MBA. Many skilled managers have graduated from the institute. It offers good placement and exposure. Reputed companies such as Accenture, ITC Limited, Deloitte, etc. took part in FORE School of Management placements 2022. The average CTC offered was INR INR 14.04 LPA.
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.
Yes, you should definitely consider going here and it will be worth the loans and finances you invest into this college. One of my friends has taken admission in IFMR through an education loan. He says the institute is totally worth it. The amount you invest in your education will not only depend on the return on investment but also on growth opportunities.
Both placements and the packages offered here are very good. It has a 100% placement record since the college began 40+ years ago. In the 2020 placement drive, the highest CTC offered was INR 13.6 LPA with an average CTC of INR 9.37 LPA. Some of the top recruiters include JP Morgan and Chase, Deloitte, Cognizant, and HDFC Bank.
Now since you are specifically talking about a loan, let me assure you that you can come to IFMR without any hesitation. This college has excellent placements and growth opportunities in market-leading MNCs and you will definitely be able to cover your education loan. In the long run, you will able to make money hands over fists. Your return on investment will be good.
From what you can see above, the packages offered at IFMR match industry standards as well. Therefore, you clearly don’t have to worry. It is value for money and you can take an education loan without worries.
It all depends on your interest, passion, inclination and aptitude. If you are really into it, it’ll be a fun ride. Studying 32 subjects in 50 weeks successfully looks a tough task. You will certainly need a bit of multitasking to help you. Many students often struggle with this because they only lack multi-tasking.
Especially if you are coming from a non-engineering background you might need to put in some extra work to get used to the overall culture of doing more work in short deadlines. For someone looking from the outside, it sure looks a lot.
Moreover, there is an endless competition among the students there to be on the top of various lists such as merit list, dean list, scholarship list to name a few. If you have been a topper throughout the academic year, it gets tougher for you since you compete with the best of the batch.
The entire overall experience at ISB will depend how much potential and patience you have within. If you have any previous professional/corporate experience before joining ISB, it will be quite an enjoyable journey for you. You should take this journey as a challenging learning curve of your life.
Among these, NITIE Mumbai is the best institute for an MBA. It is considered the Mecca of Operations and SCM. The Ops and SCM job profiles offered at NITIE Mumbai placements are even better than the ones offered from these sectors at IIM ABCL. The final placement record for 2022 showed the average CTC is INR 24.51 LPA. Highest CTC offered this year was INR 49 LPA.
Locational benefits, a huge alumni base, and a stellar placement record are some of the other factors that work in favor of NITIE.