What is ranking of NMIMS in MBA colleges?

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.

Is NMIMS a good college for an MBA?

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.

What is the total expense of an MBA at NMIMS?

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.

How is the NMIMS Mumbai? What can be the cost of 2 years for an MBA, including accommodation? Is it worth the money? Which companies come for placement?

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.

Which is better: an MBA from NMIMS Mumbai or a job through SSC CGL?

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 An MBA from NMIMS needs a lot of investment while a job through SSC CGL does not. Considering the probability of getting a good job after my MBA, I think going with SSC CGL is a safer option. Your social status will be much better in the case of SSC CGL. You might face some drawbacks in your work life but in your social circle, you will be considered a man of great importance. Your family will be benefiting from your social status through good education. The salary is average, not less given the better social status you will be enjoying in contrast to working as an MBA professional in the corporate world. Analyze your social and personal responsibilities as an MBA professional as well as CGL. You might get a picture of what you are aiming for. Choosing an MBA is not worth it unless it's a firm top 5 IIM or you are looking for a career abroad. 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.

Should I join NMIMS Mumbai (MBA core) or wait for another year

Waiting for another year and dropping NMIMS is only justifiable if you are certain to get into the top 5 like IIM ABC and FMS. Otherwise forgoing this opportunity might not be a wise decision mainly because Your work experience of 22 months is the right time to do an MBA CAT is extremely certain. You might have been able to make it into NMIMS, but there is no guarantee you will be able to clear CAT next year again NMIMS has a 100% placement percentage so you will definitely end up with a good package The brand name is more than enough to add to your CV Moreover, if you are willing to enter the Marketing sector, it’s still not late as FMCG don’t prefer candidates with much work experience. But if you are interested in Strategic Management, you can wait for a year and target the top 5 B Schools. So the end note is, forgo the offer if you are certain you can make it into the top 5 else grab this opportunity.

What is special in NMIMS, Mumbai MBA?

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 Brand value: Being among the top B Schools in India, NMIMS enjoys great brand value. Its alumni are successfully leading many organizations in top roles and this alone is a testament to its brand name. Placements: NMIMS Mumbai has a great placement scenario. The final report of NMIMS Mumbai Placements 2022 has been released. According to the report, the highest salary package stood at INR 57.65 LPA, Students received an average salary of INR 23.07 LPA. Around 150+ recruiters participated in the placement drive from various sectors like BFSI, Consulting, IT, Pharmaceuticals, Media & Telecom, Consulting, etc. Location advantage: Situated in the Finance capital of India, NMIMS enjoys a great locational advantage and gives an edge to many B Schools. It is the best spot for Finance enthusiasts as the headquarters of many companies' finance sector is located here. Even the other specializations flourish here. Alumni: NMIMS has an elaborate alumni network that stretches across various reputed companies. Some might consider the huge batch size as a demerit but in reality, it results in a strong alumni base. NMIMS is special in all the above aspects making it a distinguished choice among MBA aspirants.

What is the package offered to freshers in MBA from NMIMS Mumbai?

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!

What is the total cost incurred in doing your MBA from NMIMS Mumbai?

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.

Who offers a better MBA distance learning course - IMT Ghaziabad or NMIMS?

When comparing two top business schools, such as IMT Ghaziabad and NMIMS, it is important to consider various factors that may impact an individual's decision in choosing the right institution. Both IMT Ghaziabad and NMIMS are considered to be highly reputable business schools in India, known for their strong academic programs and commitment to providing students with the necessary skills and knowledge to excel in the corporate world. One key factor to consider when comparing these two institutions is their course structure. Both IMT Ghaziabad and NMIMS may have different approaches to delivering business education, and it is important to research and understand the curriculum, teaching methods, and course offerings of each institution to determine which one aligns better with your learning style and career goals. Another important factor to consider is the fee structure. Both IMT Ghaziabad and NMIMS may have different tuition fees, and it is important to research and compare the costs of each institution to ensure that you are able to afford the program and that it fits within your budget. It is also crucial to take into account the flexibility and convenience of the program, especially for working professionals who are looking to pursue higher education while maintaining their current job. One of the universities may offer a more flexible course structure that allows students to balance their job responsibilities with their studies. Ultimately, the decision of which institution to attend should be based on an individual's personal career goals, aspirations, and current circumstances. It is important to research both institutions thoroughly, speak with current students or alumni, and carefully consider all factors before making a decision.

NMIMS Mumbai MBA : Fees 2026, Course Duration, Dates, Eligibility

Fee Component	Amount
Tuition Fees - Year 1 (2026-27, for reference)	Rs. 13,50,000
Tuition Fees - Year 2 (2027-28, to be declared)	To be declared at admission
NMIMS Application/Registration Fee (Non-refundable)	Rs. 2,900
Hostel Fees - NMIMS Mumbai (Optional)	Rs. 2,50,000 - Rs. 3,50,000 per year (approx.)
Total Fees - 2 Years (excl. hostel, 2026-27 reference)	Rs. 27,00,000

NMIMS Mumbai MBA Admission 2026

Admissions to the MBA (Core) program at NMIMS Mumbai for Batch 2026-28 are conducted through NMAT by GMAC. The selection process is highly competitive with an acceptance rate of less than 1%. Candidates must first register for NMAT by GMAC, then register with NMIMS using their NMAT registration number. The 2nd stage involves a competency test and personal interview conducted in person at NMIMS.

NMIMS MBA Admission Dates

Sr. No.	Event	Date
1	NMIMS Application Start Date	1st August 2026
2	NMIMS Application End Date	10th October 2026
3	2nd Stage Selection Process (Competency Test and PI)	Dates declared on NMIMS website/dashboard
4	Merit List Declaration	Dates declared on NMIMS website/dashboard
5	Fee Payment	Dates declared on NMIMS website/dashboard

NMAT by GMAC Exam Dates

Event	Date
NMAT Registration Start	1st August 2026
NMAT Registration End	10th October 2026
NMAT Exam Window	October - December 2026
NMAT Score Reporting	Within 48 hours of exam

Note: NMIMS only accepts the score of the first NMAT examination attempted by the candidate. Candidates must register with NMIMS before their scheduled NMAT exam date.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Bachelor's degree in any discipline from a recognized university with a minimum of 50% aggregate marks.
Final year students awaiting results may also apply; provisional admission is subject to clearing the final examination with stipulated marks.
Work experience of more than 1 year (post-graduation) is given weightage in the final merit list; work experience must be verifiable through GSTIN and TAN databases.

Admission Process

Register for NMAT by GMAC at www.nmat.org and note the NMAT registration number.
Register with NMIMS at www.nmims.edu using the NMAT registration number and pay the non-refundable application fee of Rs. 2,900.
Appear for NMAT by GMAC (Stage 1) - a computer-based test covering Language Skills, Quantitative Skills, and Logical Reasoning.
Shortlisted candidates are called for Stage 2: Competency Test and Personal Interview (conducted in person at NMIMS).
Final merit list is prepared based on NMAT score, personal interview, competency test, work experience, and past academic performance.
Selected candidates must accept the offer and pay fees within the stipulated timeline.
Candidates must provide all required documents including marksheets, degree certificate, work experience certificate (if applicable), medical fitness certificate, and mediclaim policy.

Scholarship	Eligibility	Amount / Benefit
Mirae Asset Foundation Scholarship	Annual family income below Rs. 8 lakhs + EWS Certificate + educational loan from nationalized/private bank	Up to Rs. 30 lakhs (10 scholarships available)
NMIMS Merit Scholarship	Based on academic performance in the program	Partial to full tuition fee waiver (subject to criteria)
Education Loan Assistance	All admitted students	Facilitated through partner banks; details at www.nmims.edu/education-loan
International Exchange Scholarships	Based on academic merit	Available for exchange programs with EUROMED, ESC ROUEN, ESSCA (France/Hungary)

Metric	MBA Core (2023-24)
Highest CTC	Rs. 67.70 LPA
Average CTC	Rs. 25.13 LPA
Top 10% Average CTC	Rs. 40.60 LPA
Top 20% Average CTC	Rs. 37.10 LPA
Top 30% Average CTC	Rs. 34.40 LPA
Placement Rate	96%
Pre-Placement Offers (PPOs)	37% of batch
Total Recruiters	168
Fortune 500 Recruiters	68
New Recruiters	72

NMIMS Mumbai MBA FAQs

Ques. Does NMIMS Mumbai accept CAT scores for MBA admission?

Ans. No. NMIMS Mumbai's MBA (Core) program accepts only NMAT by GMAC scores for admission. CAT, XAT, GMAT, or any other exam scores are not accepted for the MBA Core program at NMIMS Mumbai. Candidates must register for NMAT by GMAC at www.nmat.org.

Ques. How many attempts are allowed for NMAT, and which attempt score does NMIMS consider?

Ans. NMAT by GMAC allows up to 3 attempts per testing year. However, NMIMS only accepts the score of the first NMAT examination attempted by the candidate. Candidates should prepare thoroughly before their first attempt.

Ques. What is the acceptance rate for MBA at NMIMS Mumbai, and how competitive is the admission process?

Ans. The MBA program at NMIMS Mumbai has an acceptance rate of less than 1%, making it one of the most competitive MBA programs in India. Tens of thousands of students apply each year for a limited number of seats. The selection process involves NMAT score, competency test, personal interview, work experience, and academic performance.

Ques. Is work experience mandatory for MBA admission at NMIMS Mumbai?

Ans. Work experience is not mandatory for MBA admission at NMIMS Mumbai. Fresh graduates are eligible to apply. However, work experience of more than 1 year (post-graduation) is given additional weightage in the final merit list. Work experience must be verifiable through GSTIN and TAN databases; training, internships, and family business experience are not considered.

Ques. What specializations are available in the MBA (Core) program at NMIMS Mumbai?

Ans. The MBA (Core) program at NMIMS Mumbai offers 140+ electives in Year 2 across domains including Finance, Marketing, Operations and Supply Chain, Human Resources, Strategy, Analytics, and more. Students can also choose audit courses and workshops based on their interests. There is no fixed specialization; students build their own profile through elective choices.

Ques. What is the Mirae Asset Foundation scholarship, and how can I apply?

Ans. The Mirae Asset Foundation offers 10 need-cum-merit scholarships of up to Rs. 30 lakhs for MBA Full-time students at NMIMS Mumbai. To be eligible, candidates must have an annual family income below Rs. 8 lakhs, possess an Economically Weaker Section (EWS) Certificate, and have taken an educational loan from a nationalized or private bank. Further details are shared in the Student Resource Book at the beginning of the academic year.

Why To Join NMIMS Mumbai - Reviews & Rating

4.1

(122 Verified Reviews)

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3(4%)

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Academic

4.2

Faculty

4.3

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3.8

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4.0

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Review Ninja

2.8Helpful

MBA, General

Reviewed on Dec 18, 2024(Enrolled 2021)

NMIMS, Distance MBA PROGRAM (MARKETING MANAGEMENT)

Dislikes

A better exam experience was expected for a hassle free experience
Assignment submission, and checking system was problematic.
The exam registration fees was unnecessary

Fees and Financial Aid:

Total Fee for the course was somewhere around 1,40,000. With multiple payment plans. In One Go, Yearly, and Semester Wise. There were more additional fees for Exam registration that was aprox. 600 for each subject per semester.

Sarthak Gandhi

4.0Helpful

Reviewed on Nov 9, 2024(Enrolled 2020)

NMIMS MPSTME College Review

It's basically integrated course of Btech + MBA in which MBA fees is 4.72 lakhs per year and BTech fees was 2.72 lakhs per year.There is no scholarship or any sort of the reservation offered in this college

Puneet Sharma

3.0Helpful

Reviewed on Sep 4, 2024(Enrolled 2022)

My MBA Experience

Likes

The fee structure is good. The MBA program was not too expensive. Although it was a distance learning program, still the fee structure is decent.

There is no fee for registration. The Tution fee for entire MBA programme (in any field) is 120000 INR if you pay the entire amount at once. However, if you choose to pay the fee in semester-wise installments, the cost is 35000 INR per semester, which totals 140000 INR. I opted for the semester wise fee payment. Additionally, there is an examination registration fee of 600 INR per subject.

Chirag J Thakkar

4.1Helpful

Reviewed on Jul 27, 2024(Enrolled 2022)

NMIMS Mumbai good environment for the students

The assignment criteria is very critical so it will become lengthy for the students.
The fees for the exam is quite high it needs to reduce for the students point of view.
The exam schedule have limited dates which can create high rush for the students.

The fees structure of the collage is 140000 for the complete course in this enrollment and tution fees included also study material provided by the university including the fees, exam fees 600 needs to pay separately per subject by the students.

Vijay

5.0Helpful

Reviewed on Apr 4, 2024(Enrolled 2022)

Awesome

The course is great I haven't gotten any placement yet but I will my course will be completing soon

The thinks I disliked are forcing us to the fees not giving us any time
The exam interrupting and it should be improved
Old semester videos are not available for me see but when I joined they it it is available to watch anytime but now they are asking us to pay

The tuition fees are exactly the same there's no difference and exam fees are separate they don't increase the complete cost is not different it never changed I haven't got any scholarships yes they suggested a lot of employment and stipend is around 15000rs

SACHIN MARUTI MUNDHE

Reviewed on Mar 13, 2024(Enrolled 2021)

NMIMS Review-Comprehensive,Relevant ,engaging

well curated syllabus was there beautifully aligned LMS portal

fee structure was high as compared with other Distance education institute

The fee was a little bit high as compared with other MBA colleges, but the quality of education also was superb, there was placement assistance also was there for which we did need to pay an extra 13k, but there were no as such scholarships going to provide

Medha Kochhar

3.4

Reviewed on Mar 4, 2024(Enrolled 2023)

NMIMS Mumbai: A journey in the Glass Building

too many submissions and projects, there should have been a semester system

11.95 Lacs for Year 1, Year 2 subject to revision. 2-3 scholarships are avalaible the central government scholarship, Mirae asset foundation scholarship,etc. Education loans are easily available. SBI Scholar loan is a great initiative. NMIMS offers INR 2l scholarship in tuition fees for the top 50 of the batch (interms of the merit number).

Ritesh Nathany

3.4Helpful

Reviewed on Mar 2, 2024(Enrolled 2023)

Quick guide to NMIMS Mumbai

The total is fees is around 24 lacs which had remained the same for the past 2 years but for the new batch of 2024-26, it has been increased to around 25 lacs. The overall living cost (education+ stay)can range from 30-35 lacs The college offers scholarship to the top 50 merit students of approx 2.5 lacs, there are a few other scholarship as well whose details can be found on the website. The college provides internship and final placements as well.

SHUBHRA CHOUBEY

3.7

Reviewed on Mar 1, 2024(Enrolled 2022)

Experience at NMIMS

The curriculum is not on board with Mumbai campus

The fee structure depends on the program and specialization. I would recommend checking out the official website for a detailed fee structure. NMIMS provides employment opportunities for students through final placements and summer internships.

Ashish Singh Dhanjal

Reviewed on Jan 17, 2024(Enrolled 2023)

NM Review 2023-2025

Fee is around 2400000 for two years and the cost of living is higher in this area as the college is located in Vile Parle which is near to areas like Juhu, Andheri that are very costly. You will end up spending around 30 to 32 lakhs for the MBA at NMIMS that is a bit on higher side and you need to search flats, properties, PG in the beginning which is a heavy task. Scholarship is for the first 50 students of 2 lakh who get admission according to the NMAT scores and ranks that you will get after 1 year and it will be deducted from your second year fees. Opportunities are too much for a talented students all major companies have visited the campus be it Finance, Marketing, Operations, IT anything.

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