Updated on 12th March 2025 |12:38 pm | #NMIMSMumbai
Narsee Monjee Institute of Management Studies, also known as NMIMS Mumbai, established in 1981, is a prestigious Indian business school famous for its rigorous programs, industry exposure, and exceptional placement rates. This institute provides a variety of MBA specializations, including operations management, finance, marketing, and business analytics.
The admission procedure at NMIMS Mumbai is highly competitive as it integrates the most valuable components of the program; hence, with time, it has consistently been the institution from which the term has been used among recruiters across industries. Most NMIMS Mumbai graduates have an average starting salary between 18 and 25 LPA, making it one of the most favorable businesses for recruiters. The NMIMS Mumbai fees for the MBA program are approximately 24-30 lakhs.
Read the article in depth to know more about NMIMS Mumbai, NMIMS Mumbai Average Package, NMIMS Mumbai Fees, and NMIMS Mumbai Placements.
Narsees Monjee Institute of Management Studies, Mumbai, is considered one of the most prestigious institutions globally. Pioneered in 1981, it initially commenced as a management institute and has now evolved into a multidisciplinary university offering undergraduate, postgraduate, and doctoral programs across various disciplines. It has been accredited with grade A+ by the National Assessment and Accreditation Council (NAAC).
There are numerous courses available at NMIMS Mumbai, catering to the needs of a diverse group of students across India and even outside India. It is one of the top leading B-schools in India that has managed to gain a reputation in the market.
Here are some of the programs that NMIMS offers for postgraduate students for your reference:
At the post-graduate level, NMIMS offers a wide range of courses that an aspirant can take according to the cutoff requirements.
Candidates should be aware of the eligibility criteria of NMIMS to have a better vision of where they currently stand and to plan accordingly for their future. Here is the eligibility criteria for the various courses at NMIMS:
Program Name |
NMIMS Eligibility Criteria |
MBA (Master of Business Administration) |
Graduation with at least 50% in any discipline from a recognized university + NMAT |
MBA- HR |
Graduation with a minimum of 50% in any discipline from a recognized university + NMAT |
MBA- Business Analytics |
Graduation in Engineering/Mathematics/Statistics/Commerce/Economics with at least 55% aggregate + NMAT |
MBA- Digital Transformation |
Graduation in Engineering/MCA/B.Sc. (IT)/B.Sc. (Computer Science/Electronics/Physics/Maths)/ Any Graduate Degree in Mathematics with a minimum of 55% aggregate + NMAT |
MBA- Pharmaceutical Management |
Bachelor's/Master’s Degree in Pharmacy, Life Sciences, Medical Technology & Biotechnology, MBBS, BDS, BHMS, BAMS, Food Nutrition and Dietetics, Pharmaceutical Chemistry and Technology, Pharmaceutical and Fine Chemicals Technology, Microbiology, Biochemistry, Bioengineering, B.Tech. Bio-Tech./BioMedical or B.E. Bio-Tech./Bio-Medical with at least 50% aggregate + NMAT |
NMIMS Mumbai is one of the most reputed management B-schools in India. Prospects interested in this B-school take the NMAT by GMAC to secure their admissions. A valid score of NMAT is needed for admission. Here’s the comprehensive overview of the selection process of NMIMS Mumbai, which goes as follows:
In the initial phase of NMIMS Selection, the candidates are required to take the NMAT by GMAC examination in order to get through NMIMS Mumbai.
In this scenario, the candidates have to qualify for the NMIMS through the released cutoff scores by GMAC, and that shall be considered as a final consideration in terms of scores.
Candidates who have qualified in the above-mentioned phases of the selection process shall now be eligible for the newly introduced Competency Assessment and Personal Interview protocered by AI. These are the new selection criteria that have been rolled out by NMIMS Mumbai and have a 50% weightage in the selection process.
This stage is considered the last stage, where an aspirant has gone through the aforementioned stages and will now, if selected, be handed over the offer letter.
Students seeking MBA admission at NMIMS Mumbai can follow the step-by-step guide given below:
To apply for the MBA programme at NMIMS, students must visit the official website of NMAT and register online for NMAT through GMAC. After this, the students must register at the official website of NMIMS by entering the NMAT registration code. With the completion of the online application, the students must pay a sum of Rs. 2,600 for the application fee.
NMIMS Mumbai MBA admissions are based on the NMAT entrance exam. To secure admission to the MBA courses, candidates must score between 205 and 250 marks in the NMAT entrance exam. However, as per the 2024 admission criteria, NMIMS has rolled out their selection criteria as mentioned above, with a valid score of 209 across all campuses.
The NMAT scores are decided based on numerous factors when it comes to receiving a call from NMIMS Mumbai. The following factors determine the NMAT cutoff 2025:
For admission to the MBA course, 70% of the total weightage is allocated to the NMAT entrance exam scorecard. The table below provides an idea of the required score for NMIMS Mumbai for your reference:
Required NMAT Cutoff 2024 |
||||
NMIMS Mumbai Courses |
LR Scores |
LS Scores |
QS Scores |
Total NMAT Scores |
MBA |
62 |
62 |
62 |
209 |
MBA Human Resource |
62 |
62 |
62 |
209 |
MBA Business Analytics |
62 |
62 |
62 |
209 |
MBA Digital Transformation |
62 |
62 |
62 |
209 |
MBA in Pharmaceutical Management |
50 |
50 |
50 |
190 |
NMIMS Mumbai is known to have the most student-friendly entrance exam out of all, allowing the students to choose whether to take the exam from the comfort of their home or at a center, along with the advantage of verifying the result immediately after the exam ends. MBA admission assigns varying weights to the different factors that determine the final merit list:
NMIMS Mumbai Overall Selection Weightage 2025 |
|
Component |
Weightage |
NMAT Score |
20% |
Competency Assessment |
50% |
Personal Interview |
10% |
Work Experience |
10% |
Academic Record (HSC) |
5% |
Graduation (Pre-final year CGPA converted to percentage) |
5% |
Note: The information provided is as per the admission criteria of 2024 and is subject to change. For more information, please visit the official website of NMIMS Mumbai.
The total batch size of the PGDM programs is 600 students. Below is an overview of the gender ratio, education, and work experience of the batch.
As seen below, this pie chart shows the gender diversity for the specialization in MBA & HR at NMIMS Mumbai.
Below presented in the pie chart, is the work experience distribution in MBA Core & HR. It clearly signifies that NMIMS Mumbai is open to all diversity and inclusion, considering the work experience chart presented below.
Below presented is the educational background for MBA Core & HR an aspirant would find if they choose to go to NMIMS Mumbai. The reference is attached in a pie chart, which is as follows:
Candidates heading to NMIMS Mumbai and all NMAT 2025 aspirants aiming to secure admission to NMIMS should be aware of the placement statistics from the past few years, as this is one of the major selection criteria for any entrance exam.
Here is a snippet from the placement report released by NMIMS Mumbai for the years 2023 and 2024, allowing you to compare both and make an informed decision for your future.
NMIMS Mumbai Placement Statistics (2023-24) |
||
Placement Metric |
MBA Core |
MBA HR |
Total Recruiters |
168 |
46 |
New Recruiters |
72 |
21 |
Fortune 500 Recruiters |
72 |
23 |
Pre-Placement Offers (PPOs) |
37% |
27% |
Highest CTC (Domestic) |
₹67.70 LPA |
- |
Average CTC (Top 10%) |
₹25.02 LPA |
₹24.67 LPA |
Average CTC (Top 40%) |
₹22.00 LPA |
₹21.50 LPA |
Major Sectors Placed |
BFSI, Consulting, FMCG, IT & Analytics, E-Commerce |
BFSI, IT, FMCG, Consulting |
This year, the major chunk of placements were secured in the General Management domain, offering the highest package during the NMIMS Mumbai MBA Placements in 2024. This analysis can be beneficial for individuals who are struggling to decide on a specific field and wish to explore their options.
By reviewing the statistics below, you can determine which field offers them better scope and growth opportunities.
Domain-Wise MBA Placements (2023-24) |
||
Domain |
MBA Core (CTC in ₹ LPA) |
MBA HR (CTC in ₹ LPA) |
Finance |
31.20 |
- |
Marketing |
67.70 |
- |
Operations & Data Science |
31.38 |
- |
General Management |
61.39 |
- |
Consulting |
40.60 |
34.40 |
IT & Analytics |
37.10 |
- |
FMCG/FMCD & Retail |
34.40 |
32.10 |
Conglomerate/Manufacturing |
32.10 |
- |
BFSI |
22.95 |
24.67 |
This sector-wise analysis will be beneficial for all newcomers as it will give them a fair idea of which sector is the best to work in and where they might find better opportunities for their career growth and development. Aspirants can make informed decisions about their career paths by understanding the trends and statistics across different sectors.
The below table represents the sector-wise statistics of NMIMS Mumbai MBA Placements 2023-2024:
Sector-Wise MBA Placements (2023-24) |
|
Sector |
Percentage of Placements |
Consulting |
19% |
BFSI |
29% |
FMCG/FMCD & Retail |
15% |
IT & Analytics |
14% |
Conglomerate/Manufacturing |
12% |
Startups, Logistics & E-Commerce |
11% |
The fee for pursuing a 2-year MBA program is INR 11.95 lakhs per annum, which can be on the expensive side for some, especially considering the living expenses in Mumbai. However, this cost can be well funded through various educational loans and other privileges available.
NMIMS Mumbai is considered one of the top B-schools in the country. NMIMS SBM's Mumbai campus is AACSB accredited by AACSB International, and it has an A+ accreditation by NAAC with a score of 3.59 out of 4. The NIRF ranks NMIMS School of Business Management among the top 20 B-schools in India.
Due to the intense competition, getting into NMIMS is not an easy task. However, securing admission to the NMIMS Mumbai branch is another challenge for NMAT aspirants, as it requires a score of more than 230 to secure a place in the prestigious management college in Mumbai, NMIMS.
NMIMS Mumbai holds the top ranking among its various branches, securing the number 1 position. NMIMS Bangalore follows as the second-best college under the NMIMS brand after NMIMS Mumbai. The placement records are promising, with an average package of around 8-9 lakhs per annum.