NMIMS School of Business Management, Mumbai

The School of Business Management at the Shri Vile Parle Kelavani Mandal’s Narsee Monjee Institute of Management Studies represents a preeminent paradigm of Indian management education, characterized by its four-decade evolution from a singular management institute into a multi-disciplinary, multi-campus Deemed-to-be University. Established in 1981, the institution has consistently leveraged its strategic location in Mumbai, the financial and commercial heart of India, to forge an educational framework that mirrors the shifting requirements of the global economy. With a legacy extending over 44 years, the university has successfully scaled its operations across seven off-campus centers, yet the School of Business Management in Mumbai remains its flagship entity, maintaining the prestigious AACSB accreditation and a Category 1 University status from the Ministry of Education. Today, the university supports a student body exceeding 32,000 individuals, guided by over 900 faculty members across 17 specialized schools, reflecting an organizational complexity and academic depth that few private institutions in Asia can replicate.

Academic Governance and Departmental Framework

The School of Business Management functions through a highly structured academic architecture, divided into specialized disciplines that ensure both depth of domain expertise and the cross-functional integration essential for modern management. This departmental organization allows the institution to maintain high standards of pedagogy while fostering specialized research.

The Core Management Disciplines

Academic governance at SBM Mumbai is distributed across seven primary disciplines, each led by experienced academic administrators and industry practitioners who serve as Area Chairpersons. The Business Environment and Strategy department, led by Dr. Sayantan Khanra, focuses on macro-economic trends, corporate sustainability, and the geopolitical factors influencing business decisions. This department is closely linked with the Jasani Center for Social Entrepreneurship & Sustainability Management, reflecting a curriculum that increasingly integrates Environmental, Social, and Governance (ESG) principles into core business strategy.

The Finance and Accounting department, overseen by Dr. Samveg Patel, remains one of the institution's strongest pillars, given the school’s proximity to the Bombay Stock Exchange and major financial institutions. The curriculum here is designed to produce quantitative-heavy professionals capable of navigating capital markets, investment banking, and corporate financial advisory. Similarly, the Marketing department, under Dr. Hitesh Kalro, focuses on the digital evolution of consumer behavior and brand strategy.

Specialized and Behavioral Areas

The Human Resources and Behavioral Sciences department, led by Dr. Hema Bajaj, addresses the complexities of talent management and organizational dynamics in an era of digital transformation. This department is responsible for the specialized MBA HR program, which is consistently ranked among the top such programs in the country. The Operations and Data Sciences discipline, headed by Dr. Manisha Sharma, provides the quantitative backbone for the university, managing programs in Business Analytics and Supply Chain Management.

The Communications department and the Economics department provide the foundational skills necessary for managerial success. Led by Professor Chandrima Sikdar and Chairperson Subramania Raju Rajasulochana respectively, these departments ensure that students possess the analytical rigor and articulating capabilities required in competitive global environments.

A Taxonomy of Academic Programs

The programmatic portfolio at SBM Mumbai is distinguished by its diversity, offering pathways for undergraduate students, post-graduate aspirants, and experienced executives. This multi-tiered structure allows the institution to capture a wide spectrum of talent and cater to the specific needs of various industry sectors.

Post-Graduate Leadership Programs

The flagship MBA Core is a two-year, full-time residency program that emphasizes a holistic approach to management. The curriculum is structured to provide a broad foundation in the first year, followed by specialized electives in the second year. Complementing the core is the MBA in Human Resources, which focuses on the strategic role of people in organizational success.

In response to the technological shifts in the global economy, the school has introduced several specialized post-graduate programs. The MBA in Business Analytics and the MBA in Digital Transformation are designed to bridge the gap between traditional management and emerging technologies like AI, Big Data, and Blockchain. Furthermore, the MBA in Pharmaceutical Management and the MBA in Healthcare Management leverage the institutional expertise of the Shobhaben Pratapbhai Patel School of Pharmacy and Technology Management to produce sector-specific leaders.

Doctoral and Executive Offerings

For scholars seeking advanced research capabilities, the university offers a robust Ph.D. program in Management. This program is overseen by the Vice Dean of Research, Dr. Mayank Joshipura, and focuses on generating original contributions to management theory and practice.

The university also caters to mid-career and senior professionals through its executive education wing. The MBA-NEx (Executive MBA) is a two-year program designed for professionals who wish to enhance their leadership skills without interrupting their career trajectories. Additionally, the Centre for Executive Education provides short-term Management Development Programs (MDPs) tailored for corporate requirements.

Integrated and Undergraduate Models

NMIMS has pioneered the five-year integrated program model in India, notably the MBA Tech (B.Tech + MBA) and Pharma Tech (B.Pharm + MBA). These programs allow students to pursue a curriculum that integrates technical or scientific depth with managerial breadth from the outset, significantly enhancing their employability in tech-driven sectors.

At the undergraduate level, the Anil Surendra Modi School of Commerce and the Sarla Anil Modi School of Economics offer prestigious programs including BBA, B.Com (Hons.), B.Sc. Finance, and B.Sc. Economics. These programs are renowned for their rigorous admission standards and serve as significant feeder pools for elite MBA programs globally.

Admission Mechanics and Behavioral Evaluation

The admission process at the School of Business Management is characterized by its rigor and its objective of identifying individuals with high cognitive ability and leadership potential. The process is highly competitive, with thousands of applicants vying for a limited number of seats across the various campuses.

The NMAT Gateway and Eligibility Standards

The primary entry point for the post-graduate programs is the NMAT by GMAC entrance examination. Unlike many other Indian management entrances, the NMAT is a computer-adaptive test that offers candidates a testing window from early November to mid-December. However, for SBM Mumbai, a crucial institutional policy is that only the score of the first attempt of the NMAT is considered for shortlisting, which places a high premium on early preparation.

The basic eligibility requires a Bachelor's degree in any discipline with a minimum of 50% aggregate marks. For programs like Business Analytics, the university mandates specific undergraduate backgrounds in Engineering, Mathematics, or Statistics to ensure candidates can handle the quantitative intensity of the curriculum.

Qualitative Screening: WAT, WATSON, and PI

Candidates who meet the NMAT cut-offs—historically ranging between 209 and 215 for the flagship programs—are invited to the Mumbai campus for the second stage of selection. This stage is designed to move beyond quantitative metrics and evaluate the candidate’s analytical and interpersonal skills.

The second stage includes a Written Analytical Test (WAT), where candidates analyze a business scenario, and the WATSON Glaser Critical Thinking Appraisal, which assesses logical reasoning and deductive capabilities. This is followed by a Personal Interview (PI) conducted by a panel of faculty members and industry experts. The final merit list is prepared using a weighted composite of the NMAT score, WAT/PI performance, academic history (10th, 12th, and graduation marks), and relevant work experience.

The Global Collaborative Network

In an era of borderless business, NMIMS has established a robust internationalization strategy, focusing on providing its students with genuine global exposure through partnerships with leading universities in the USA, UK, Europe, and Asia.

The LEAP Dual Degree Program

The LEAP (Learning Excellence, Expanded Horizons, Advanced Skills, Professional Growth) initiative is a signature dual degree offering that has set a benchmark in Indian management education. Under this program, students from MBA Core, HR, and Business Analytics spend their first year at NMIMS Mumbai, completing three intensive terms and a social internship. In the second year, they transition to a premier international partner university to specialize in a specific domain. Upon successful completion, the student receives two degrees: an MBA from NMIMS and a specialized MS or MSc from the international partner.

Progression and Twinning Agreements

Beyond the dual degree programs, the university maintains over 75 MoUs for student and faculty exchange. The Sarla Anil Modi School of Economics and the Anil Surendra Modi School of Commerce have established "2+2" dual degree programs with the University at Albany (SUNY), where students spend two years in Mumbai and two years in New York.

Furthermore, progression agreements with universities like Clark University, Stony Brook University, and the University of Dallas provide NMIMS graduates with streamlined admissions, tuition waivers, and GMAT/GRE waivers for their post-graduate studies abroad. These collaborations are managed by the Department of International Linkages, which aims to align the university's standards with global academic benchmarks by 2030.

Research Ecosystem and Knowledge Creation

The transition of NMIMS into a "Research Focused University" is a deliberate institutional priority, aiming to contribute original insights to both management theory and industrial practice.

Faculty Research and Publication Impact

Faculty members at SBM Mumbai are actively encouraged to publish in top-tier journals recognized by the Australian Business Deans Council (ABDC), Scopus, and the Social Sciences Citation Index (SSCI). Recent research abstracts from the faculty highlight a diverse array of interests, including the systematic synthesis of online food delivery literature, the dynamics of oil shocks on stock markets, and the development of machine learning-based robust optimization strategies for manufacturing processes.

The school publishes its own peer-reviewed journal, the NMIMS Management Review, and maintains a strong presence in international case study repositories like Ivey Publishing and the Harvard Business School Publishing (HBSP). This commitment to knowledge creation ensures that the curriculum remains grounded in the latest global business trends and academic rigorousness.

Specialized Research Centers and Labs

To foster interdisciplinary collaboration, the university has established nine Centres of Excellence and specialized research laboratories. These centers act as bridge-heads between the academy and the industry.

• Bosch-Rexroth Research Centre of Excellence in Automation Technology: This facility, established in partnership with Rexroth Bosch, features state-of-the-art laboratories in Hydraulics, Pneumatics, and Robotics, serving as a hub for research in Industry 4.0.

• Center of Excellence in Analytics and Data Science: This center focuses on fostering a data-driven culture across the university's disciplines and providing consultancy to external organizations on predictive modeling and big data strategies.

• Jasani Center for Social Entrepreneurship & Sustainability Management: This center serves as a catalyst for social change, mentoring social enterprises and researching sustainable business models that address societal challenges.

• Accenture Centre for Innovation in ERP: Located at the technology school (MPSTME) but collaborating with SBM, this center provides a platform for research into Enterprise Resource Planning and digital business processes.

Grants and Institutional Funding

The institution supports its research culture through the "NMIMS Seed Funding" initiative, which provides internal grants to faculty members for pilot projects. Furthermore, the university has been successful in securing substantial external research grants from government bodies such as the Department of Biotechnology (DBT), the Department of Science and Technology (DST), and the Ministry of Health and Family Welfare. Recently, two research teams from the university secured ₹96 Lakhs in Start-Up Research Grants from the Government of India for biomedical and health research, demonstrating the institution's capability in high-impact scientific inquiry.

Employability and Corporate Interface

The ultimate metric for the success of the School of Business Management is the employability of its graduates and the strength of its corporate interface. The university maintains a relentless focus on industry readiness, facilitated by a dedicated Placement & Corporate Relations office.

Final Placement Performance: MBA 2024-2025

The 2024 placement cycle at the Mumbai campus reflected the strong institutional brand and the high quality of the student pool. The MBA Core program achieved an average package of ₹25.13 LPA, with the highest package reaching ₹67.70 LPA. Notably, the top 10% of the batch secured an average CTC of ₹40.60 LPA, highlighting the premium placed on top talent by recruiters.

The MBA HR program also recorded strong outcomes, with an average package of ₹18.64 LPA and a highest CTC of ₹25.02 LPA. Across programs, there is a visible trend of increasing Pre-Placement Offers (PPOs), which accounted for 37% of the MBA Core placements in 2024, up from 29% in 2022.

*Note: Median figures marked with an asterisk are estimated based on percentile data in reports. Sources:.

Sector-wise Placement Distribution

The Banking, Financial Services, and Insurance (BFSI) sector remains the largest recruiter at NMIMS Mumbai, absorbing approximately 33% of the MBA Core batch. This is followed by the Consulting sector (19%) and the FMCG/Retail sector (17%). In the HR program, the distribution is more diverse, with Conglomerates and Manufacturing entities playing a significant role, accounting for 27% of the placements.

Top recruiters include a mix of global strategy firms and domestic giants. Notable participants include Goldman Sachs, J.P. Morgan Chase, Morgan Stanley, McKinsey & Company, Boston Consulting Group, Bain & Company, Google, Microsoft, and Amazon.

Summer Internships and PPO Dynamics

The summer internship program is a critical component of the NMIMS experience, serving as a two-month trial period for both students and employers. In the 2024 internship cycle, the highest stipend offered was ₹4.40 Lakhs per month for the MBA Core program and ₹3.00 Lakhs per month for the MBA HR program. The average stipend stood at ₹1.84 Lakhs per month. The steady rise in the PPO rate—from 29% in 2022 to 37% in 2024—indicates that firms are increasingly utilizing the summer internship as their primary talent acquisition channel.

Incubation, Innovation, and Venture Building

The university has established a comprehensive ecosystem to support entrepreneurship, centered around the Atal Incubation Centre (AIC-NMIMS). This initiative is part of a broader national strategy to foster a culture of innovation among students and the local community.

The AIC-NMIMS Incubation Centre

Established under the Atal Innovation Mission (AIM) by NITI Aayog, AIC-NMIMS serves as a powerhouse of entrepreneurship in Mumbai. The center is sector-agnostic and technology-focused, providing incubatees with more than just office space. It offers a structured incubation plan that includes business mentorship, legal and marketing advisory, and access to the university's state-of-the-art infrastructure.

The selection process for startups is rigorous, involving online submission, screening of business proposals, and a final pitch presentation before a committee. Once inducted, startups have access to "Startup Summer Schools" and training modules designed to refine their business models and go-to-market strategies.

Financial Support and Seed Funding

One of the most critical aspects of AIC-NMIMS is the Seed Fund support provided through the Startup India Seed Fund Scheme (SISFS). Startups can receive up to ₹50 lakhs in funding, structured as follows:

• Grants (Up to ₹20 Lakhs): Primarily for proof of concept, prototype development, and product trials.

• Equity/Convertible Debt (Up to ₹50 Lakhs): For startups that have reached the commercialization and market-entry stage.

To be eligible for this funding, startups must be recognized by the DPIIT under the Startup India initiative, be less than 10 years old, and have Indian founders holding at least 51% equity. The incubator has successfully supported several ventures in edutech, fintech, and engineering, helping them bridge the critical gap between idea validation and venture capital investment.

Social Entrepreneurship Initiatives

Complementing the commercial incubation is the Pravin Dalal School of Entrepreneurship & Family Business Management and the Jasani Center for Social Entrepreneurship. These centers focus on professionalizing family-owned firms and fostering social ventures that address the needs of underserved communities. The Jasani Center helps sensitize the NMIMS community toward social responsibility, organizing student-led social internships that are mandatory for post-graduate students.

Physical and Digital Infrastructure

The NMIMS Mumbai campus, located in the JVPD Scheme, is a multi-story vertical campus that maximizes every square inch of its 550,000 square feet built-up area. The infrastructure is a blend of state-of-the-art academic facilities and student-centric residential options.

Academic Facilities and the Information Resource Centre

The university's flagship library, the Prof. Y. K. Bhushan Information & Knowledge Resource Centre, serves as the academic nervous system of the campus. Spread over 15,000 square feet, the air-conditioned facility houses over 58,000 volumes and subscribes to more than 80 national and international periodicals. The library is fully automated using Koha software, providing students with seamless access to digital resources, management games, and archived journals.

Classrooms at SBM Mumbai are designed as "Smart Classrooms," equipped with interactive boards, high-speed Wi-Fi, and sophisticated audio-visual systems. The campus also includes specialized facilities such as moot court rooms for the School of Law and high-tech computer labs for analytics students.

Residential Accommodations and Student Wellness

Given its location in Mumbai's premium Vile Parle West area, NMIMS provides a mix of on-campus hostels and university-managed rented residential accommodations. Hostels like the MKM Sanghvi and the Anand Premises provide AC rooms with modern amenities, while others like the GR Jani hostel offer both AC and non-AC options.

Student wellness is prioritized through on-campus medical help, health centers, and access to professional therapists and counselors. The "very good" cafeteria and canteen facilities serve as the social hubs of the campus, providing affordable and nutritious food to the thousands of students residing in and around the university complex.

Alumni Base and Institutional Legacy

The strength of the NMIMS brand is fundamentally rooted in its extensive alumni network, which spans over 29,000 individuals globally. The alumni serve as mentors, recruiters, and ambassadors for the institution.

The Alumni Association Structure

The NMIMS Alumni Association is a Section 8 non-profit company incorporated to manage and foster the relationship between the university and its graduates. The association is governed by a Board of Directors that includes high-profile alumni such as Mrs. Deena Mehta (Managing Director, Asit C. Mehta) and Mr. Tejas Gorasia.

A dedicated Student Alumni Cell, supported by a full-time executive and faculty coordinator, manages the daily operations of the alumni network. This team organizes regional "Chapter Meets" in global hubs like Dubai, London, New York, and Singapore, alongside the signature "Grand Alumni Meet" held annually in Mumbai.

Leadership Impact and Notable Alumni

NMIMS alumni are holding top CXO and leadership positions across diverse industries. The presence of these individuals in senior corporate roles significantly enhances the university’s industry interface and placement opportunities.

Financial Profile and Institutional Sustainability

The financial health of the Shri Vile Parle Kelavani Mandal (SVKM) trust ensures that NMIMS remains a well-funded and sustainable educational powerhouse.

Revenue Dynamics and Capital Expenditure

The SVKM trust has witnessed a healthy CAGR of more than 20% in its revenues over the last six years, reaching approximately ₹1,867.8 crore in FY2024. This growth is supported by increasing student intake, the addition of new campuses, and fee revisions across major programs. A significant portion of the revenue (around 30% in FY2023) was generated from the university's distance and online learning programs, which operate with healthy surplus margins.

The university is currently in the midst of a massive capital expenditure (capex) plan, estimated at ₹1,000 crore per annum from FY2025 to FY2027. This capex is being funded through a combination of internal accruals and debt, focused on upgrading existing facilities and completing new campuses in cities like Chandigarh and Ahmedabad. The institution maintains an adequate liquidity position, supported by unutilized bank limits and a strong brand that ensures consistent student enrollment.

Student Scholarships and Financial Aid

Despite being a private institution with a high fee structure—reaching ₹27 Lakhs for the MBA Core—NMIMS provides substantial financial assistance to ensure inclusivity.

1. Central Sector Scheme of Scholarship: Targeted at students from economically weaker sections (family income < ₹6 Lakhs) who score above the 80th percentile in Class XII.

2. Mirae Asset Foundation Scholarship: A need-cum-merit based scholarship for MBA students at SBM Mumbai, with a total corpus of ₹30 Lakhs.

3. Merit-Based Institutional Scholarships: Awarded to the top 10 percentile of students in their respective programs, often in the form of tuition fee waivers.

4. Chancellor's Scholarship: A prestigious award of ₹2 Lakhs given to outstanding first-year students to acknowledge academic excellence.

5. Category-Specific Freeships: The university facilitates government scholarships for SC, ST, and OBC students, requiring online applications and documentation such as domicile and income certificates.

Standings in the Educational Landscape

The institutional standing of NMIMS is reflected in its consistent performance across various national and international ranking frameworks.

IIRF Rankings and Evaluation Parameters

In the IIRF 2025 rankings, NMIMS Mumbai was ranked 5th among private B-schools in India. This ranking is based on a composite score derived from several key parameters, reflecting a balanced performance in both qualitative and quantitative metrics.

National Institutional Ranking Framework (NIRF)

In the NIRF 2025 rankings for Management, NMIMS Mumbai held the 24th position nationally, a slight shift from its 21st rank in 2024. Within Mumbai, it is consistently ranked the 4th best management institution, following only IIM Mumbai, IIT Bombay (SJMSOM), and SPJIMR. The school maintains high scores in "Graduation Outcomes" (92.39 in 2024) and "Teaching, Learning, and Resources" (78.42 in 2024).

Synthesis and Strategic Outlook

The analysis of the SVKM NMIMS School of Business Management Mumbai reveals an institution that has successfully navigated the transition from a local specialized school to a multi-dimensional global player. Its strengths lie in its deep industry connections, its rigorous selection processes, and its early adoption of interdisciplinary programs such as MBA Tech and Business Analytics.

The institution's future outlook is tied to its "2030 Vision" of becoming a globally admired university. To achieve this, SBM is aggressively expanding its international dual degree portfolio (LEAP) and increasing its research output through substantial government grants. While the increasing cost of education remains a challenge, the university's strong placement record and robust financial aid system ensure a high Return on Investment (estimated at 93% for the core program). As it continues to invest ₹1,000 crore annually in its infrastructure and academic ecosystem, NMIMS Mumbai is well-positioned to remain at the forefront of the Indian management landscape for the foreseeable future.

FAQs

1. What is the full name and legacy of the institution?

The institution is known as SVKM’s Narsee Monjee Institute of Management Studies (NMIMS) School of Business Management (SBM), Mumbai, and it has a legacy of over 44 years since its establishment in 1981.

2. Where is the SBM Mumbai campus located?

The flagship campus is situated in the Vile Parle (West) area of Mumbai, specifically at the JVPD Scheme.

3. What is the IIRF ranking of NMIMS Mumbai?

In the 2025 IIRF rankings, NMIMS Mumbai is ranked 5th among the top private business schools in India.

4. How does the school rank in the NIRF Management category?

NMIMS Mumbai was ranked 21st in the NIRF 2024 Management category and 24th in the 2025 rankings.

5. Does NMIMS Mumbai have any global accreditation?

Yes, the school holds the prestigious AACSB (Association to Advance Collegiate Schools of Business) accreditation.

6. What is the university's category as per MHRD/UGC?

NMIMS is recognized as a Category 1 University by the Ministry of Education/MHRD and has an A++ accreditation from NAAC with a CGPA of 3.67.

7. Which entrance exam is mandatory for MBA admissions?

Admission to the post-graduate programs is primarily based on the NMAT by GMAC entrance examination.

8. Does NMIMS accept NMAT retake scores for the Mumbai campus?

No, for the School of Business Management in Mumbai, only the score from the candidate's first attempt at the NMAT exam is considered.

9. What was the NMAT cutoff for the 2026 admission cycle?

The overall NMAT cutoff for flagship programs like MBA Core and MBA HR was standardized at 209.

10. Are there sectional cutoffs in NMAT for NMIMS?

Yes, candidates generally need to score a minimum of 60 marks in each of the three sections: Language Skills, Quantitative Skills, and Logical Reasoning.

11. What is the cutoff for the MBA Pharmaceutical Management program?

The overall NMAT cutoff for Pharmaceutical Management is typically lower, recorded at 190 for the 2026 cycle.

12. When does the NMAT registration typically begin?

NMAT registration usually opens in the first week of August and remains open until mid-October.

13. Is there an age limit for applying to the MBA programs?

There is no specific age limit for appearing for the NMAT exam or applying to NMIMS programs.

14. How can I apply to NMIMS after taking the NMAT?

Candidates must register separately on the NMIMS official website (nmims.edu) using their NMAT registration number before their exam date.

15. What is the second stage of the selection process?

Shortlisted candidates undergo a second stage (CTPI) which includes a Competency Test and a Personal Interview (PI).

16. What does the Competency Test evaluate?

The test assesses analytical skills, situational judgment, communication skills, and behavioral traits.

17. What is the weightage of the NMAT score in the final merit list?

For the 2026 batch, the weightage for the NMAT score was reduced to 10%, with the Competency Test holding a major 60% weightage.

18. Where is the second stage of the selection process conducted?

The second stage, including the Written Analytical Test (WAT) and PI, is conducted offline at the NMIMS Mumbai campus.

19. How long does the PI and Competency Test process take?

The entire process generally takes between 4 to 4.5 hours.

20. Is work experience mandatory for selection?

While Freshers are eligible to apply, candidates with 12 to 24 months of relevant work experience receive additional weightage (typically 5-15%) in the final selection.

21. What is the basic eligibility for the MBA Core program?

A Bachelor’s degree in any discipline from a recognized university with a minimum of 50% aggregate marks is required.

22. What are the specific eligibility criteria for MBA Business Analytics?

Candidates must have a Bachelor’s degree in Engineering, Mathematics, Statistics, Computer Science, Economics, or Finance with at least 50% marks.

23. What is the total intake for the MBA Core program?

The flagship MBA Core program typically has a batch size of approximately 600 students.

24. How many seats are reserved for female candidates?

NMIMS provides a 30% seat reservation for female candidates to promote gender diversity.

25. What is the MBA-NEx program?

The MBA-NEx is a specialized executive MBA program designed for working professionals.

26. What sectoral MBA programs does SBM Mumbai offer?

The school offers specialized MBAs in Pharmaceutical Management, Healthcare Management, and Real Estate Management.

27. What is the tuition fee for the MBA Core program (2026 batch)?

The total tuition fee for the two-year MBA Core program is approximately ₹27 Lakhs.

28. Are there any scholarships for meritorious students?

Yes, "Academic Excellence Scholarships" are awarded to the top 10 percentile of students, and the Chancellor’s Scholarship offers ₹2 Lakhs to outstanding first-year students.

29. What is the Mirae Asset Foundation Scholarship?

This is a need-cum-merit based scholarship for MBA students at SBM Mumbai with a total corpus of ₹30 Lakhs.

30. Is financial aid available for economically backward students?

Students with a family income of less than ₹6 Lakhs per annum may apply for the Central Sector Scheme of Scholarship.

31. What is the estimated Return on Investment (ROI)?

Based on a fee of ₹27 Lakhs and an average package of ₹25.13 LPA, the ROI is estimated at approximately 93%.

32. What was the average package for the MBA Core 2024 batch?

The average CTC for the flagship MBA Core program was ₹25.13 LPA.

33. What was the highest package offered in the recent placement cycle?

The highest domestic CTC recorded for the MBA Core program was ₹67.70 LPA.

34. How many students receive Pre-Placement Offers (PPOs)?

Approximately 37% of the MBA Core batch secured PPOs through their summer internships in 2024.

35. Which sector is the largest recruiter at NMIMS Mumbai?

Banking, Financial Services, and Insurance (BFSI) is the top recruiting sector, accounting for 33% of placements.

36. Who are some of the top recruiters at SBM Mumbai?

Top firms include Goldman Sachs, J.P. Morgan, McKinsey & Company, Bain & Co., Google, Microsoft, and Amazon.

37. What is the average stipend for summer internships?

The average monthly stipend for the MBA Core program was ₹1.84 Lakhs in the 2024 cycle.

38. What is the total built-up area of the Mumbai campus?

The vertical campus spans over 5,50,000 square feet.

39. Tell me about the library facilities.

The Prof. Y. K. Bhushan Information & Knowledge Resource Centre covers 15,000 sq. ft. and houses over 58,000 volumes.

40. Does the university provide on-campus hostels?

NMIMS provides both on-campus hostels and rented residential accommodations managed by the university for boys and girls.

41. What are the typical hostel fees?

Hostel fees for a 10-month period are expected to range between ₹3,00,000 and ₹4,60,000 depending on the accommodation type.

42. What is the LEAP program?

The LEAP (Dual Degree MBA) program allows students to spend their first year at NMIMS and their second year at a partner international university to earn two degrees.

43. Who are the major international partner universities in the USA?

Partners include Arizona State University (Thunderbird), Purdue University, and the University of Southern California (Marshall).

44. Are there any European partners for dual degrees?

Yes, the school collaborates with NEOMA Business School (France), EADA Business School (Spain), and University College Dublin (Ireland).

45. What is AIC-NMIMS?

It is the Atal Incubation Centre established under NITI Aayog's Atal Innovation Mission to nurture early-stage startups.

46. How much seed funding can a startup receive at NMIMS?

Under the Startup India Seed Fund Scheme, startups can receive grants up to ₹20 Lakhs or equity/debt funding up to ₹50 Lakhs.

47. What are the key research centers of excellence?

Key centers include the Bosch-Rexroth Centre for Automation Technology and the Jasani Center for Social Entrepreneurship & Sustainability Management.

48. How much research funding has the faculty recently secured?

Recently, two faculty research teams secured ₹96 Lakhs in Start-Up Research Grants from the Government of India for biomedical and health research.

49. How large is the NMIMS alumni network?

The university boasts a global network of over 29,000 alumni.

50. Who are some notable alumni of SBM Mumbai?

Notable leaders include Aruna Jayanthi (MD, Capgemini), Gaurav Gandhi (Director, Amazon Prime Video), and Nitin Rakesh (CEO, Mphasis).