Sasmira's Business School, Mumbai

Overview

Sasmira's Business School (SBS), Mumbai, offers multiple postgraduate management programs. It is well reputed for its industry academia interface and its multiple affiliations with other Business Schools and corporate entities, both in India and abroad. Its Faculty members and business leaders who teach various courses work with students to ensure that they are well prepared for their future careers in the corporate world.

Sasmira's Business School is well known for its strong placement record. In the 2023 placement season, 175 companies took part in the hiring process, and 82% of the students in the graduating PGDM batch received job offers. The highest CTC offered to any student was INR 8.7 LPA, and the median salary offered was INR 5.5 LPA. Multiple blue chip companies participated in the placement process, including HDFC Bank, ICICI Securities, Britannia, Amul, Kotak Mahindra Bank, and Mahindra Finance. The sector with the strongest representation in the internship and final placement statistics was Banking, Financial Services, & Insurance (BFSI).

Student life at Sasmira’s Business School is vibrant, with multiple co-curricular and extracurricular student clubs. One of the most active is the Entrepreneurship Cell, which hosts an annual event for startup enthusiasts called Innobiz. All these organizations fall under the purview of the Student Council Committee, an elected body which regulates the functions of clubs and associations, while providing a voice to the students to present their issues before the management. It also organizes regular social and community welfare events like the Cleanliness Drive, where students can work towards upliftment of the weaker sections of society.

Highlights

Fees

The total academic fees for various programs offered by Sasmira’s Business School, Mumbai, are given below. These amounts include tuition fees, examination charges, registration fees, graduation fees, alumni registration costs, placement charges, usage of School infrastructure, and security deposits.

• PGDM: INR 7 Lakh (for the two year program).
• PGPM: INR 1 Lakh (for the 11 month program). The lower fees are associated with the part time nature of the PGPM course.

In addition, students must also budget for living costs: this usually includes the cost of a Paying Guest accommodation in Mumbai, along with daily food charge, other personal costs such as shopping for everyday items, and daily transportation costs to the SBS campus.

Admissions

The eligibility criteria for admission to to the PGDM program at Sasmira's Business School, Mumbai, are as follows:

• The applicant must have a valid undergraduate degree from a recognized University. The degree must have a minimum duration of three years. Students in the final year of such a degree may also apply.
• The aggregate over all end semester exams in the Bachelor’s degree must be at least 50%, or 45% for reserved category candidates.
• The candidate must submit a valid score sheet from any of these MBA entrance tests: Maharashtra CET, CMAT, CAT, MAT, ATMA, or XAT.

Applicants to the PGPM program must satisfy similar criteria; however, work experience is also an important criterion, given that most applicants are business professionals who want to give their management career a boost.

The admission and application procedure has the following steps:

• Filling up the application form either in online mode (via the SBS website) or offline (forms can be obtained from the Sasmira’s Business School office).
• Candidates must enter accurate academic, personal, and MBA test data in the application form. Any error discovered during the document verification stage can lead to cancellation of the candidature.
• Submitting copies of supporting documents providing evidence for the details in the application form:
  • Scorecard from any of the accepted MBA entrance tests.
  • Standard X and XII mark sheets and pass certificates.
  • Detailed UG academic transcripts.
  • Transfer certificate.
  • Nationality proof.
  • Migration / caste certificates (if applicable).
  • Address proof (Aadhaar card).
  • Passport size photographs (2).
• The final merit list is prepared by SBS Mumbai based on the following criteria:
  • Academic performance (Standard 10, 12, and UG).
  • Test scores in the MBA aptitude test (CAT / any alternative).
  • Special achievements (rank holders at University level / students who have won state or national level sports trophies).
  • Performance in the Group Discussion and Personal Interview round.
• After the final merit list is declared, students may pay the first semester’s fees to confirm their acceptance of the admission offer.

Placements

As one of the top MBA colleges in India, the placement highlights  of Sasmira's Business School, Mumbai, are as follows: 

• 82% of students received at least one job offer in the most recent placement season (2023).
• The highest CTC offered was INR 8.7 LPA.
• The average and median CTCs for the entire batch were INR 5.16 LPA and INR 5.5 LPA, respectively.
• 175 companies participated in either the internship or final placement process, or both.
• The average salary based on the top 20 offers made was INR 7.04 LPA, which was more than 85% of the highest CTC offered, and almost 40% more than the average CTC.
• Some of the prominent recruiters were Godrej & Boyce, ITC Limited, Carnival Group, InSync Analytics, ICICI Securities, HDFC Life, RDC Concrete, WNS Global, Britannia, Amul, Tata Capital, Motilal Oswal, Wipro, Angel Broking, Mahindra Finance, Axis Securities, and Kotak Mahindra Bank. 
• Most recruiters were from the banking, Financial Services & Insurance sector, closely followed by Manufacturing, Retail, FMCG, and Information Technology Consulting.

Cut-Offs

The only cut-off for admission to the PGDM program at Sasmira's Business School, Mumbai is based on the average percentage over all semesters of the UG degree (or equivalent CGPA). This must exceed 50%; the criterion is relaxed to 45% for reserved category candidates (backward classes, EWS candidates, and persons with disabilities as defined by the State of Maharashtra). There are no cut-offs for the MBA Aptitude Test (CAT or other entrance examination) rounds; they are decided at the end of the process, and depend upon the level of performance of all the shortlisted students.

Faculty & Alumni

Sasmira's Business School, Mumbai, is home to 8 full time Faculty members. Of these, three are Heads or Deans, four are Assistant Professors, and one is a Research Assistant. The School is unique in that it has 51 Visiting Faculty members on its rolls. They are distinguished figures from the field of academia (usually Professors in other Business Schools) or industry (Business leaders primarily based in Mumbai). SBS also conducts a popular Faculty Development Program (FDP), whereby professors and teachers from multiple management disciplines can come together to improve their practical knowledge of their subjects through innovative Group Discussions, Management Games, Simulations, and Quizzes. The Faculty members also work with the Placement Team on soft skills and core training modules.

The SBS Alumni Center is the hub for all activities related to recent and past graduates of the School. Its primary day-to-day function is to provide a platform where current students can contact alumni regarding career queries and mentorship, and to use the platform for professional networking among alumni themselves. It also occasionally organizes Alumni Meets, where distinguished graduates of SBS can address students directly about important corporate issues, and further contribute to their industry readiness through workshops and skill training sessions. Finally, the Alumni Center also acts as a source of further placement opportunities for students.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of Sasmira's Business School, Mumbai. They fall into two main categories: AICTE scholarships, and Bank Education Loans. SBS Mumbai’s PGDM and PGPM programs are affiliated with and approved by AICTE, and students who are financially disadvantaged and have a consistent record of academic excellence can apply directly to AICTE at the time of admission to SBS for a merit-cum-means scholarship. The amount of scholarship varies according to the academic merit and the financial background of the applicant. The School also provides assistance with education loans at a fair rate of interest to all its PGDM students.

A full list of all the PG scholarship programs floated by AICTE, along with the application procedure and relevant submission deadlines, can be found on the relevant scholarship website.

Preparation & FAQs

Applicants to the PGDM program at Sasmira's Business School, Mumbai, should strive to achieve a good percentile score in the chosen MBA entrance test (MH-CET, CMAT, CAT, MAT, ATMA, or XAT). If the CAT or XAT percentile is lower than expected, they may consider appearing for a less competitive management aptitude test in order to present a better score, as an alternative to the CAT. Preparation should ideally be done through a six or twelve month classroom part time program (for experienced candidates who are working in a company; students in the final year of their UG degree can attend classes full time), with multiple mock tests and sample papers to ensure readiness.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Mumbai?

Sasmira's Business School, Mumbai, is one of the best MBA colleges in India, and is a contender for best Business School in Mumbai. It is ranked #110 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. What is the course pattern of the PGPM program at Sasmira’s Business School, Mumbai?

The PGPM program is similar to a part time MBA for working professionals. Classes are held in the evenings, three times a week, and on Saturday and Sunday. The whole program takes 11 months to complete, and the fees are substantially lower than for full time PGDM students (INR 1 Lakh).

Q. What are the eligibility criteria for admission to the Ph.D in Management program at Sasmira’s Business School, Mumbai?

Applications to the PhD in Management program at SBS Mumbai must hold a Master’s degree from a recognized University in any discipline with a minimum aggregate of 55%, or an MPhil degree with a first division performance. A University entrance exam is conducted for all candidates except those who have a valid score in the GATE or UGC NET examinations.

Q. What are the eligibility criteria for admission to the part time PGPM program at Sasmira's Business School, Mumbai?

Students who wish to join the PGPM program at Sasmira's Business School, Mumbai must hold a Bachelor’s degree from a recognized University in any discipline, and have at least two years’ work experience.

Q. What are the requirements related to the passport sized photographs that must be submitted with the application to the PGDM program at Sasmira's Business School, Mumbai?

Applicants to the PGDM program at Sasmira’s Business School must submit two passport sized photographs that have been taken recently (within the previous six months), showing the candidate’s face clearly (filling at least 75% of the photo area).

Q. Which specializations are offered to the PGDM students of Sasmira’s Business School, Mumbai?

PGDM students of SBS Mumbai can choose one major specialization from among Finance, Marketing, and Human Resource Management. Dual specializations are also allowed, where students can additionally choose a minor specialization from among 10 options, including Textile Management, Entrepreneurship, BFSI, Digital Marketing, Rubber Industry, International Business, Films & Mass Media, Production Management, and Pharmaceuticals.