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Online Registration Phase 3 | March 20, 2024 |
Last date of online Registration phase 3 | May 31, 2024 |
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Online Registration Phase 3 | March 20, 2024 |
Last date of online Registration phase 3 | May 31, 2024 |
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NMIMS MBA fees is INR 10.42 lakhs per year. Yearly fees for the MBA programs at NMIMS Mumbai are as follows.
Courses | Fee per year |
MBA/MBA HR | INR 10,42,000 |
MBA in Pharmaceutical Management | INR 6,32,000 |
Dual Degree in MBA Decision Sciences & Analytics + MS in Business Analytics & Information Management from Purdue University | INR 12,02,000 |
MBA Business Analytics | INR 8,52,000 |
The hostel fees for NMIMS are INR 1.80 lakhs to INR 2.45 lakhs for 10 months. The hostel fees include a refundable security deposit of INR 10000.
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.
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.
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.
The Bachelor of Business Administration program at NMIMS is pretty good and ranks 3 across the country. My brother completed his BBA from NMIMS Mumbai in 2016 and during his time the average package was INR 3 LPA. Currently, the median salary is INR 4.8 LPA. The companies that visit the campus for BBA placements are
You will have a lot of opportunities and the crowd is also talented in almost everything. Multiple internships offered mainly from Intershala are offered to students at different times. The timings can vary from division to division and depend on your semester as well.
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
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.
My sister has recently completed her BBA with a specialization in Finance from NMIMS and she told me about the actual placement scenario of the college. She agrees with the fact that NMIMS is a top B School with an excellent curriculum and faculty. You will be offered amazing opportunities in the form of working in a big MNC or becoming an entrepreneur.
However, the situation of placements is not what it seems from the reports. Although my sister was able to get placed she witnessed many of her batch mates unplaced or placed with a very minimal package. Many companies visit the campus owing to the great brand value but the major problem that arises is the huge batch size. The competition is tough as the intake is very high. This year the total intake is BBA 600; BCOM 180. Henceforth very low packages are offered that are not even close to those mentioned in the placement reports.
In my sister's batch apart from 3 students, every student got a package of less than 3 LPA. Deloitte hired less than 17 students. While the placement scenario was really poor, the knowledge that she gained in those 3 years did help her pass CFA level-1 the next year. So it’s you who can decide if the money you spend is worth it or not by determining what you really want from your BBA.
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
NMIMS is special in all the above aspects making it a distinguished choice among MBA aspirants.
NMIMS PGDM in Business Analytics is one of the most coveted programs recently owing to its vast prospects. The industries this program caters to include
Some major roles and responsibilities of the Job prospects of Business Analytics are given below.
Business Analyst (Manager/Consultant)
Business Analyst (Individual Contributor)
Data Miner/Modeller (Manager/ Individual Contributor)
Data Scientist (Individual Contributor/ Consultant)
Going through the details of the roles and responsibilities of Business Analysts, you can go for the one that suits you the most.
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 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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