Lala Lajpatrai Institute of Management, Mumbai

Overview

Lala Lajpatrai Institute of Management (LLIM), Mumbai, is a well-established Business School located in Maharashtra. It offers its flagship Master in Management Studies (MMS) program as an alternative and equivalent to the MBA or PGDM; it also offers multiple professional certificate courses.

LLIM Mumbai is known for its strong placement record, with a highest CTC of INR 12.65 LPA achieved during the most recent placement season. The average salary offered was INR 5.5 LPA, which is close to the lowest CTC (INR 4 LPA). All 246 students in the graduating batch were a part of the placement season, and 212 received job offers, one chose to study further, and 7 embarked on careers in entrepreneurship, for a total success rate close to 90%. Multiple blue chip companies recruit MMS students of LLIM Mumbai for internships and final placements, including Jio, ITC Limited, ICICI Bank, DNA, Axis Bank, Lodha, and Kotak Mahindra Bank. The Career and Guidance Cell of the Institute trains students of the first and second years, and maintains long term recruiting relationships with priority companies for pre-placement talks, interactive sessions, group discussions, and final interviews. LLIM also conducts multiple lectures and mentorship sessions to aid startup enthusiasts.

LLIM has a compact campus close to the sea in coastal Mumbai; it is well equipped with academic and extracurricular facilities, including two seminar halls, a computer center, a gymkhana, and a cafeteria, ensuring that project work can go on uninterrupted. Chakravyuh, the annual cultural and management fest, allows the MMS students to experience personality development by following their interests.

Highlights

Fees

The academic fee payable by MMS students of Lala Lajpatrai Institute of Management, Mumbai, has the following components:

• Total fee: INR 3.25 Lakh for the full two year program.
  • Year 1 tuition fee: INR 1.39 lakh.
  • Year 1 development fee: INR 16,714.
  • Examination fee: INR 3,616.
  • Library deposit (refundable if the student has no pending books for return at the time of graduation): INR 4,000.
  • University of Mumbai Fees (Year 1): INR 1,235.
  • Year 2 total fee: INR 1.6 Lakh (Library deposit and MU PG fees not payable).

LLIM Mumbai does not provide accommodation on campus; most students stay in apartments or PG rooms. Therefore, students must budget for their living costs - rent and food - on a monthly basis. Other costs include textbook purchases and transportation to the LLIM campus.

Admissions

The eligibility criteria for admission to Lala Lajpatrai Institute of Management, Mumbai, are as follows:

• The candidate must hold a Bachelor’s degree with minimum duration 3 years from any recognized Higher Education Institution in India or abroad. Students in the final year of such a degree may also apply.
• The average percentage during all the years of UG study must exceed 50%, or its equivalent Cumulative Grade Point Average. This is relaxed to 45% for reserved category candidates and persons with disabilities.
• The qualifying entrance examination differs according to whether the applicant is from Maharashtra or not:
  • Candidates from Maharashtra must submit a valid Maharashtra CET MBA/MMS examination score and associated rank.
  • Candidates who are not from Maharashtra may submit any of these scores: CAT, GMAT, MAT, ATMA, XAT, or CMAT.

Admissions to the MMS program at LLIM Mumbai are done on the basis of the Maharashtra CET score (or other examination percentile for external candidates) and counseling process. 80% of seats are filled through the centralized process, and the institute can fill the remaining 20% through the management quota. The seat allocation and counseling process starts after the CET results are announced, and the process takes place over 3-4 rounds. The authorities scrutinize the documents of all candidates on campus after they are allotted seats in LLIM Mumbai, and may choose to add a Group Discussion or Personal Interview selection round for management quota students.

Placements

As one of the top MBA colleges in India, the placement highlights of Lala Lajpatrai Institute of Management, Mumbai, are as follows: 

• The range of salaries offered during the most recent placement season (2023) was INR 12.65 LPA (highest) to INR 4 LPA (lowest).
• The average CTC offered during the most recent placement season was INR 5.5 LPA.
• The highest CTC in the most recent placement season was higher than in any of the three previous years; up by 80% from 2021 (INR 7 LPA).
• Similarly, the average CTC was also the highest in recent history, up by 24% from 2021.
• During the most recent placement season, 246 students enrolled, of which 212 (86%) received at least one job offer, one pursued higher studies, and six started their own companies.
• Prominent recruiters include ICICI Bank, Jio, Yes Bank, Deloitte, Reliance Retail, Federal Bank, ITC Limited, Adani Electricity, Motilal Oswal, Nomura, Edelweiss, HT Media, Kantar IMRB, Shiksha, Property Pistol, DNA, Axis Bank, Lodha, and Kotak Mahindra Bank.
• The Career and Guidance Cell of LLIM Mumbai works with students and recruiters to achieve a final career placement rate above 90%.
• The placement process coordinated by the Cell has four steps: training (core business and soft skills) throughout the year, awareness and circulation of job details, pre-placement talks and interactions with company representatives, and final interviews. Its role ends when the Offer Letters are signed and sent to the candidates.
• LLIM also has a strong mandate to encourage startup enthusiasts. Through regular sessions on Accelerators and Funding, it provides budding entrepreneurs with the knowledge and contacts they need to take the first strides in their business careers.

Cut-Offs

The only cut-off during the admission process to the MMS program at LLIM Mumbai is the requirement related to Undergraduate aggregate. General category candidates with an aggregate below 50% (or reserved category applicants with an average percentage below 45%) will not be allowed to apply. There is no minimum rank or score required in the qualifying entrance examination (Maharashtra CET, CAT, XAT, etc); however, the candidate must complete all the requirements and receive a valid non-zero rank to be able to apply to LLIM Mumbai. In addition, a better rank always implies a higher chance of receiving an admit offer from the Institute.

Faculty & Alumni

Lala Lajpatrai Institute of Management, Mumbai, is home to 24 full time Faculty members. Of these, four are full Professors, Director, and Deans, 5 are Associate Professors, and 15 are Assistant Professors. Each professor has a different area of specialization, including Human Resources, Marketing, Finance, and Operations. They are also responsible for ensuring that the academic curriculum is aligned to industry expectations, and working with the placement cell to facilitate smooth conduct of internships.

The LLIM Alumni Association maintains an online directory of graduates of the MMS program sorted by year, specialization, and current place of work. It also conducts an annual Alumni Meet called Synergy on campus, and facilitates lectures and interactive sessions held by distinguished alumni. LLIM's alumni are closely involved in project evaluation and placement opportunities; they also mentor students when personalized attention is required e.g. for first time entrepreneurs.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of Lala Lajpatrai Institute of Management, Mumbai. However, all these are awarded by the Maharashtra State Government, as LLIM itself does not offer any scholarships. Most of the State Government scholarships aim to promote social welfare, for example:

1. OBC and VJNT Scholarship: This is awarded to students from the OBC and VJNT categories whose family income does not exceed INR 1.5 LPA. It covers the complete tuition and examination fees, in addition to a weekly allowance for living costs.

2. Post Matric Scholarship for SC/ST students: This is awarded by the Government of India to students from these two reserved categories whose family income does not exceed INR 2.5 LPA. It covers the full academic costs and awards a daily living stipend and includes transportation support.

Preparation & FAQs

Applicants to the MMS program at Lala Lajpatrai Institute of Management, Mumbai (from outside Maharashtra state) may submit any recognized MBA Aptitude Test score e.g. Maharashtra CET, CAT, XAT, CMAT, ATMA, MAT, or GMAT. Each of these requires careful preparation through a full time classroom coaching program or a virtual online course. Depending on the exam chosen, students should also attempt at least 10 mock tests in online or offline mode before the date of the test to familiarize themselves with the exam format and the time to be spent per question.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Maharashtra?

Lala Lajpatrai Institute of Management, Mumbai, is one of the best MBA colleges in India, and is a contender for best Business School in Maharashtra. It is ranked #88 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. Which are the Professional Certification programs offered by Lala Lajpatrai Institute of Management, Mumbai?

LLIM Mumbai offers four professional certifications, including Finance for non-Finance Professionals, Compensation Training and Certification, E-Commerce Publishing, and Digital Marketing.

Q. Which specializations are available to MMS students of Lala Lajpatrai Institute of Management, Mumbai?

MMS students of LLIM Mumbai can choose from among 4 specializations, including Marketing Management, Finance, Human Resource Management, and Operations. These can be chosen only in the second year.

Q. What international exposure opportunities are available to MMS students of Lala Lajpatrai Institute of Management, Mumbai?

LLIM Mumbai hosts large international conferences regularly; for example, on Sustainable Workforce Management and Opportunities and Challenges related to Sustainability in Business. These feature senior speakers from top MNCs and Universities worldwide e.g. Coventry University, United Kingdom.