Narsee Monjee Institute of Management Studies - [NMIMS Deemed to be University], Mumbai - associated department

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.

This is a very common dilemma among MBA aspirants who fail to make it into the institute of their choice. They are torn between going to an average B School or retaking CAT. 

A smart way to come out of this dilemma is to toss the coin with these choices and the choice that comes to your mind when the coin is in the air is what you want to do. If you keep taking advice from everyone you will be left all the more confused. 

A close friend of mine faced a similar Institute and his family advised him to take a drop year as NMIMS was not on his list of preferred institutes. He finally retook CAT and ended up in XLRI! 

Ultimately, the right decision for someone may not be the right one for you, and vice versa. So choose wisely!