ITM-Institute for Technology and Management, Navi Mumbai

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Overview

ITM: Institute of Technology and Management, Navi Mumbai, is a highly ranked Business School in Maharashtra. It offered a PGDM program from its inception in 1991 up till 2024, when it received University status and currently awards MBA i-Connect degrees with ten different specializations: five core and five tech management. It offers five months of industry internships and 35+ professional certifications to ensure that students will have the edge during the placement season. Career Advancement Assistance is offered through the Talewind Department, which gives students access to one-on-one mentorship to bridge the gap between theoretical studies and practical implementation.

ITM Navi Mumbai has an excellent placement history. For example, in the most recent placement season, 100% of graduating MBA students received at least one job offer. The highest CTC offered (INR 21 LPA) was to a student with the MBA Marketing specialization. Other lucrative specializations were International Business (INR 15 LPA) and Finance (INR 14 LPA). The highest average CTC was again in the Marketing specialization: INR 8.65 LPA. 650 blue chip companies made pre-placement presentations and recruited students from ITM Navi Mumbai for internships and placements, including Godrej, ITC Limited, Aditya Birla Financial Services, Kotak Mahindra Bank, Amazon, Federal Bank, HDFC Bank, and L&T Realty.

Student life on the ITM Navi Mumbai campus is vibrant, with frequent student festivals (e.g. U Fest), cultural events, and sports competitions. ITM Skills University has two other campuses nationwide, and students of ITM Kharghar can leverage the professional networks of alumni from all three locations.

Highlights

Fees

The academic fee for MBA students of ITM Navi Mumbai includes the tuition fee, placement training and certifications, industry visit fee, examination fees and the cost of usage of academic facilities. The total amount for the two year MBA program is INR 10.45 Lakh, with INR 4.95 Lakh payable in the first year. This includes a refundable security deposit. The academic fees are the same for students of all specializations.

Students who choose to stay on campus must budget for hostel and mess fees for 11 months of the year. Candidates who commute to the campus daily may expect to spend up to INR 7,000 on transportation charges. Students who live outside campus should also budget INR 6,000 per month for food, and additional amounts for personal shopping and academic items (textbooks and laptops).

Admissions

The eligibility criteria for admission to the MBA program at ITM Navi Mumbai are as follows:

• The student must possess pass certificates at three levels: Standard X and XII Board Examinations (from a recognized Board of Higher Secondary Education in India or abroad), and undergraduate studies, from any higher education institution recognized by the Association of Indian Universities.
• The aggregate across all undergraduate semester exams must exceed 50%.
• Students in the final year of a UG degree may also apply, on the condition that they submit their final mark sheets before joining ITM.
• A valid score from one of the following entrance test scores is mandatory: CAT, XAT, CMAT, MAT, NMAT, ATMA, or GMAT. Any other MBA Aptitude test approved by AICTE is also allowed.

The steps in the application procedure are:

• Registering on the online ITM application portal with personal and contact details.
• Filling up the application form carefully. Any discrepancy in the details submitted can lead to cancellation of the application.
• Submitting self attested soft copies of identity proofs, academic transcripts, and degree certificates.
• After the application window closes, the ITM Navi Mumbai authorities contact shortlisted students with a call letter containing a time slot for the Case Analysis (CA) and Personal Interview (PI) rounds.
• The final merit list is prepared based on academic performance, entrance test scores, and CA/PI feedback.
• Candidates who receive a final offer of admission must pay the first installment of the tuition fees to confirm their acceptance and take part in the academic registration process.

Placements

As one of the top MBA colleges in India, the placement highlights of ITM Navi Mumbai are as follows: 

• 100% of all MBA students were successfully placed during the most recent placement season.
• The highest CTC offered across all specializations in the most recent placement season was INR 21 LPA (Marketing Management).
• The highest packages offered to students of other core and tech management specializations were INR 15 LPA (International Business), INR 14 LPA (Finance), INR 12.5 LPA (Business Analytics), INR 12.4 LPA (Operations & Supply Chain Management), INR 10.8 LPA (Financial Services), INR 10.4 LPA (Retail Management & E-Commerce), and INR 8.5 LPA (Human Resource Management).
• The highest average (mean) CTC across all specializations was INR 8.65 LPA (Marketing Management).
• The average packages offered to students of other core and tech management specializations were INR 8.0 LPA (Finance), INR 7.75 LPA (International Business), INR 7.5 LPA (Business Analytics), INR 7.0 LPA (Retail Management & E-Commerce), INR 6.5 LPA (Operations & Supply Chain Management), INR 6.5 LPA (Financial Services), and INR 6.5 LPA (Human Resource Management).
• More than 650 companies took part in the internship and placement office during the most recent recruiting season.
• The central ITM Placement Cell coordinates the training and interview process on an annual basis. Prominent recruiters include HDFC Bank, Deloitte, Nomura, Panasonic, Accenture, EY India, UBS, PwC, Reliance Retail, Zomato, Piramal Realty, Godrej, ITC Limited, Aditya Birla Financial Services, Kotak Mahindra Bank, Amazon, Federal Bank, Nestle, and L&T Realty.

Cut-Offs

The only cut-off related to admission to the MBA program at ITM Navi Mumbai is the overall aggregate required during the course of undergraduate study. Applicants must have an average percentage across all 3/4/5 years of study of at least 50% (or 45% for reserved category candidates). There is no cut-off based on the entrance test percentile score or rank. Similarly, the cut-offs for the CA and PI rounds are not announced in advance, and the final merit list is decided after the process.

Faculty & Alumni

ITM Navi Mumbai is home to 22 full time Faculty members. Four of them are Associate Professors, five are Assistant Professors, and the other 13 are full Professors, Heads of Department, or Area Coordinators for important specializations e.g. International Business. All are highly qualified, with years of experience ranging from 7 to 28, in both industry and academia. 59% of the Professors (13 out of 22) hold PhD degrees, with the remaining having relevant postgraduate degrees e.g. MBA and Master’s in Financial Management.

With over three decades of success, ITM Navi Mumbai has a strong and successful pool of tens of thousands of alumni worldwide. The online alumni portal facilitates professional networking among graduates of all three campuses. Alumni are also approached for workshops, interactive sessions, and mentorship of current students. Distinguished alumni of ITM Navi Mumbai hold senior management positions in some of the largest finance institutions in India and worldwide, including Senior Vice President roles in organizations like IDFC First Bank, Wells Fargo, and HDFC Bank.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of ITM Navi Mumbai. The iSET Scholarship is offered in four tiers:

1. First Rank Scholarship: Students who have excellent academic performance in both the qualifying undergraduate examination and in the MBA Entrance Test score submitted. Only ten students across all three ITM campuses (including Navi Mumbai) are awarded this scholarship, which entails a 100% tuition fee waiver.

2. Second Rank Scholarship: The next level of academic excellence is rewarded with a 50% tuition fee waiver; 15 scholarships are given out across all campuses.

3. Third Rank Scholarship: The next level of academic excellence is rewarded with a 25% tuition fee waiver; 30 scholarships are given out across all campuses.

4. Fourth Rank Scholarship: The lowest level of academic excellence is rewarded with a 10% tuition fee waiver; 100 scholarships are given out across all campuses.

The iSET Scholarship is valid throughout both years of study, and continued award is subject to good discipline, attendance, and academic performance. MBA students of ITM Kharghar are free to apply to external organizations for financial aid (education loans and scholarships).

Preparation & FAQs

Initial shortlisting for the MBA program at ITM Navi Mumbai is done on the basis of the MBA entrance test score. Applicants should attend virtual or in person classes, work out several sample papers and mock tests, improve their conceptual understanding of topics in which they are weak, and ensure that they look through previous years’ solved exam papers to understand the format thoroughly. During the Case Interview and PI rounds, candidates must work on their confidence, core knowledge, team work, and logical reasoning skills.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Navi Mumbai?

ITM Navi Mumbai is one of the best MBA colleges in India, and is a contender for best Business School in Navi Mumbai. It is ranked #68 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. Which are the core specializations offered to MBA students of ITM Navi Mumbai?

MBA students of ITM Navi Mumbai can choose from among 5 core specializations, including Marketing Management, International Business, Human Resource Management, Operations & Supply Chain Management, and Finance.

Q. Which are the Tech Management specializations offered to MBA students of ITM Navi Mumbai?

MBA students of ITM Navi Mumbai can choose from among 5 tech management specializations, including Fintech, Digital Marketing & Media Management, Business Analytics, Retail Management and E-Commerce, and Financial Services.

Q. What is unique about the industry internship program that is part of the ITM Navi Mumbai curriculum?

ITM Navi Mumbai has a unique five month industry internship program, where the Placement Cell assists students with multiple internships in leading corporate organizations. Each student is assigned a company guide and a faculty mentor to ensure that practical learning is maximized, and there is an emphasis on organizational learning and translating theoretical lessons into action.

Q. What professional certifications are available to MBA students of ITM Navi Mumbai?

MBA students of ITM Navi Mumbai have access to more than 35 professional certificate courses to strengthen their resumes, including Data Science with Python, Power BI, Google Analytics, Search Engine Optimization, and Inbound Marketing.

Q. What international exposure opportunities are available to MBA students of ITM Navi Mumbai?

MBA students of ITM Navi Mumbai have access to exchange programs in 14 reputed Universities worldwide, including RMIT Melbourne, Maastricht School of Management, and the University of Memphis.