SVKM's Narsee Monjee Institute of Management Studies, Bengaluru

Overview

SVKM's Narsee Monjee Institute of Management Studies (NMIMS), Bengaluru, is a highly ranked Business School, a branch of the NMIMS brand, with other branches in Mumbai, Hyderabad, and Shirpur. It has four Schools: Management, Economics, Commerce, and Law. The School of Management offers one postgraduate degree (full time MBA in Business Analytics), with five specializations. In just 1.5 decades, it has achieved multiple recognitions and awards, including the #2 ranking among all private Business Schools in the city (by Business Today), and an inclusion in the top 5 emerging Business Schools in India (by the NHRD Network).

NMIMS Bengaluru is ranked as one of the top MBA Colleges in India because of its impressive placement statistics. The highest CTC offered in the most recent placement season was INR 17.9 LPA, with the average (mean) package exceeding INR 14 LPA. 62 blue chip companies participated in the final interview process, including HDFC Bank, Infosys, Maruti Suzuki, ICICI Prudential, MTR, TeamLease, and Salesforce. The summer internship program creates a strong base for NMIMS Bengaluru’s placement success, with a highest stipend of INR 85,000, and the mean (average) stipend exceeding INR 35,000 per month.

NMIMS Bengaluru is a vibrant campus, with several student run clubs and committees. Student clubs cater to specific areas of academic and extracurricular interest (e.g. Finance and HR), while Committees deal with sports and alumni relations. The campus, with an area of 8.5 Acres, is in the green Bannerghatta area of the city, and each School has its own festival; for example, SoM organized Nityaksh, with multiple management and cultural events.

Highlights

Fees

The tuition fee for the MBA program at SVKM's Narsee Monjee Institute of Management Studies, Bengaluru, is INR 11.95 Lakh. In addition, students must also budget for hostel and mess fees. Both hostel blocks are located 4 km from the campus; the cost of transportation is included in the overall living fees charged by NMIMS Bengaluru.

Admissions

The eligibility criteria for admission to NMIMS Bengaluru, are as follows:

• Applicants must hold a Bachelor’s degree from any recognized University in India or abroad, with a minimum of three years of UG study.
• The aggregate over all semester exams must exceed 50%.
• All candidates must appear for the NMAT and achieve a valid score.

The process of admission and application to NMIMS Bengaluru has the following steps:

• Visiting the NMAT website and clicking the "Begin NMIMS Registration" link.
• Choosing a GMAC login ID and password; NMAT is administered by GMAC, which also administers the GMAT test worldwide.
• Filling up the online application form and attaching the required academic document scans before 30 October every year.
• Completing the registration fee payment.
• Appearing for the NMAT entrance test on the allotted date.
• All candidates who satisfy the minimum score criteria will be invited for the second round of selections.
• Successful applicants receive an Online Call letter, after which a link appears on the NMAT account dashboard that allows them to book their PI and WAT slot.

The second stage of admission after the NMAT has the following steps:

• This has multiple offline rounds, all of which take place at the NMIMS campus.
• The first step is a computer based round called the WAT (Written Analytical Test).
• The second computer based round is the Watson Glaser test, which evaluates critical thinking skills.
• Finally, the Personal Interview round concludes the offline selection module, with the whole process taking between 4 and 4.5 hours.
• A combined score is computed based on all three rounds, and the results are announced by the final week of February every year.
• Candidates must bring their NMAT Admit Card and Work Experience proof letters to the WAT and PI round.
• Students who receive an offer of admission must confirm their acceptance by paying the first semester’s tuition fees and completing the academic registration procedure.

Placements

As one of the top MBA colleges in India, the placement highlights  of NMIMS Bengaluru are as follows: 

• The highest package offered in the 2023 placement season was INR 19.7 LPA.
• The median and average CTCs were INR 13 LPA, and INR 14 LPA, respectively.
• 62 reputed companies participated in the placement process, with 21 being new recruiters.
• 16 students were offered Pre-Placement Offers (PPOs) from their summer internships.
• The percentile-wise placement CTC statistics were among the best in Bengaluru:
  • The average package offered to the top 10% students was INR 18 LPA. 
  • Top 25%: INR 17 LPA.
  • Top 50%: INR 15.5 LPA.
• Prominent recruiters include  Accenture, MTR, Hive Minds, Salesforce, Soulflower, Tally, Maruti Suzuki, Moengage, AON, and Teamlease.
• The roles offered to graduates of NMIMS Bengaluru include Management Trainee, Project Manager, Associate Research Manager, Business Analyst, and Marketing Product Owner.
• Four major categories of recruiters and jobs are identified: Finance, Marketing, Human Resources, and Analytics.
• The summer internship program (between Years 1 and 2 of the MBA course) is very strong, with the following highlights:
  • Highest stipend in 2023: INR 85,000 per month.
  • Average and median stipends: INR 35,000 and INR 25,000 per month, respectively.
  • The top 10% of students had an average summer internship stipend of INR 83,500.
  • Most of the summer internship recruiters were the same as those in the full time job placement list, with a comparable total number of companies (66).

Cut-Offs

All applicants to the MBA program at NMIMS Bengaluru must have an aggregate of 50% over all the end semester exams during their UG studies. There are no predetermined cut-offs based on the NMAT score; the NMIMS authorities decide the shortlist based on the performance every year, at a centralized level for all campuses. Similarly, the scores in the WAT and PI rounds are not made public, and the final merit list does not have a clearly defined cut-off.

Faculty & Alumni

SVKM's Narsee Monjee Institute of Management Studies, Bengaluru, is home to 48 full time Faculty members. This includes 2 full Professors, 9 Associate Professors, 31 Assistant Professors, and 6 Adjunct Faculty members. They specialize in different fields relevant to business management, including Economics, Quantitative Techniques and Applications, Human Resource Management, Marketing, Consumer Behavior, Business Strategy, Information Systems, Finance, Organizational Behavior, and Business law. There are also 31 Visiting Faculty members, who are industry veterans conducting specialized course modules or regular guest lectures.

The main interface between current students and alumni of NMIMS Bengaluru is Insignia, the Alumni Committee. This student body works with Faculty members and alumni to organize alumni meets, mentorship programs, donation drives, guest lectures, internship opportunities, and full time placement invitations. Alumni of NMIMS Bengaluru also have access to the professional network of all NMIMS graduates, and of the SVKM community as a whole, thereby ensuring long term career opportunities.

Scholarships

As in other top MBA colleges in India, there are multiple financial aid options available to students of NMIMS Bengaluru.

1. Merit cum Means Scholarships: These are the most prestigious funding options on campus. Up to 10 students may be selected for the scholarship every year, and it is funded through a corpus of INR 30 LPA, donated by the Mirae Asset Foundation. In addition to academic merit (as gauged through the NMAT performance and academic history as depicted in the NMIMS application), only students with a family income lower than 8 LPA are eligible to apply. In addition, applicants must produce an EWS certificate, and a proof of an education loan from any recognized Indian bank.

2. Central Sector Scheme Scholarships: These are awarded according to the norms of the Indian Government to provide financial assistance (both tuition fees and living expenses) to economically weaker students belonging to the SC, ST, and PWD categories. The amount is either INR 1,000 or INR 2,000 per month, and is paid directly into the bank accounts of eligible candidates who are awarded the scholarships. The process is overseen by the MHRD, GoI.

Students of NMIMS Bengaluru who do not receive either scholarship listed above are free to apply to external private or Government agencies for merit or need based scholarships; the College also facilitates the process of applying for education loans.

Preparation & FAQs

Applicants to the MBA program at NMIMS Bengaluru must spend the bulk of their time preparing for the NMAT entrance test. Its structure is slightly different from that of other MBA Aptitude Tests, and the WAT and Watson critical tests are also unique. Therefore, the only route to success is to attempt at least 10 mock tests before the date of the exam, and strive to achieve both speed and accuracy in the stipulated exam time of 2 hours to solve 108 MCQs.

Frequently Asked Questions (FAQs)

Q. Which is the best Business School in Bengaluru?

NMIMS Bengaluru is one of the best MBA colleges in India, and is a contender for best Business School in Bengaluru. It is ranked #32 among all Private Business Schools in India, according to the IIRF 2024 ranking list.

Q. Which are the main student clubs at NMIMS Bengaluru?

NMIMS Bengaluru is home to 14 student clubs, including Paramarsh (the Strategy and Consulting Consortium), Mudra (the Finance Club), HRiday (the Human Resources Club), and Margene (the Marketing Club).

Q. Which are the main student committees at NMIMS Bengaluru?

NMIMS Bengaluru has six student committees, each of which supervises a different aspect of campus life. They are: the Academic Committee, Insignia (the Alumni Committee), Lakshya (the Sports Arm), the Public Relations Cell, Rang (the Cultural Committee), and Udyam (the Corporate Social Responsibility Committee).

Q. Which are the five specializations offered to MBA students of NMIMS Bengaluru?

MBA students of NMIMS Bengaluru can choose from among five specializations: Marketing, Finance, Human Resources, Operations, and Data Analytics.

Q. Which professional training programs are organized by NMIMS Bengaluru for its MBA students?

NMIMS Bengaluru organizes multiple professional training programs (both certificate and non-certificate) for its MBA students, including MS Excel (during the orientation), CAPSIM (a leading business simulation software package), PMBOK Methodology, Six Sigma, and Indian Values in Management.

Q. What is the expected date of NMAT 2024?

NMAT 2024 will be conducted over a range of dates between October 2024 and January 2025. Students can choose their most convenient date based on availability.

Q. What is the NMAT 2024 examination pattern?

NMAT 2024 will have three sections: Logical Reasoning, Quantitative Analysis, and Language Skills. Each section will have 36 questions, for a total of 108. The total time allotted is 2 hours, with 40, 52, and 28 minutes earmarked for each section. There is no negative marking, and each multiple choice question has the same weightage in the overall score.

Q. What international exposure opportunities are available to MBA students of NMIMS Bengaluru?

NMIMS Bengaluru has international MoUs with three Business Schools: EUROMED in Marseille, ESC Rouen, in France, and the two campuses of ESSCA in France and Hungary. Through this program, MBA students can spend a semester abroad via an exchange program, and visiting Faculty from abroad teach international business courses in Bengaluru.