Which business school should I choose, SIBM Pune or NMIMS Mumbai?
Posted On - Oct 21, 2020NMIMS Mumbai and SIBM Pune are both well known management institutes of India.
Here are some facts about both-
- The fees at NMIMS Mumbai are quite high.
- NMIMS does not have a huge campus like SIBM, but its campus is located in one of the most posh areas of Mumbai. Its infrastructure is top notch. SIBM on the other hand, is located on the outskirts.
- SIBM has a batch size of 180, whereas, NMIMS has a batch size of 500. Batch profile is similar for both of them.
- NMIMS places almost thrice as many students as SIBM, in less time, and at equivalent or more packages. This is because of several factors, one of them being location.
- NMIMS offers a significantly higher Corporate Exposure due to its location. However, you’ll miss out on campus and hostel life at NMIMS.
Both these colleges have their own pros and cons. Based on your personal preferences, you can choose any one of them for your management studies.
SIBM Pune is comparably better than NMIMS Mumbai. It has a smaller batch size. NMIMS has a huge batch size of around 500, while the student intake for SIBM Pune is around 180. It also offers a better campus life.
NMIMS Mumbai placements are comparably better, due to the locational benefits and several other factors. It offers higher placement packages. NMIMS Mumbai placements in 2022 concluded with the highest CTC of INR 57.65 LPA.
Here is a video that might convince you to join SIBM Pune
You should choose between SIBM Pune and NMIMS, based on your choice of specialization.
Both SIBM Pune and NMIMS Mumbai have their own advantages and disadvantages. Here are some of the factors that you should know before deciding on any of these two institutes.
- NMIMS has a huge batch size. But the infrastructure is limited compared to the student intake.
- Course fee at NMIMS is on the higher side. The MBA course fee is around 22 LPA.
- NMIMS has a great location. Students are required to go to malls or markets to conduct market surveys.
- The location of SIBM, Pune is a point of disadvantage. Since it is located on the outskirts. However, the environment on campus is great for studies.
- SIBM, Pune offers great infrastructure.
- Faculty base at both institutes is quite good.
Since NMIMS is located in Mumbai, it has a slight edge over SIBM, Pune.
SIBM Pune and NMIMS Mumbai are ranked 22nd and 13th respectively by NIRF. Both these institutes have highly qualified faculty who strive to curate global leaders. Over the years, NMIMS has been able to establish a stronger alumni network which clearly reflects in the placement stats.
Eligibility:
The eligibility criteria for both colleges are similar. An applicant must be an undergraduate from any recognized University with 50% marks or equivalent throughout their academic career.
Admissions:
SIBM-
- The entrance exam SNAP is conducted to admit students for MBA.
- After being shortlisted, candidates are called in for further rounds of scrutiny. These include Group Exercise, Personal Interview, and Written Ability Test.
NMIMS-
- NMIMS conducts its entrance test known as NMAT. The exam can be given within 5 windows out of which, best of three is taken.
- Every applicant has to clear the cutoff score (which usually centers around 208-210) to be considered for the selection process.
Faculty:
SIBM-
- Smaller batches at SIBM allow more attention from faculty and relatively less competition.
- The batch size for SIBM Pune is 180 seats with a teacher to student ratio of 1:25.
NMIMS-
- Whereas at NMIMS, a larger batch provides a myriad of opportunities for networking and peer-to-peer learning.
- It has 500 seats for MBA, 60 seats for MBA HR, and 60 seats for MBA Pharma, with a teacher to student ratio of 1:30.
Fee Structure:
There are only three courses provided by SIBM which are compared with that of NMIMS in the table given below. Apart from these NMIMS also provides MBA+MS in Business Analytics, the fees for which is 10 lacs per annum.
|
COURSE |
SIBM |
NMIMS |
|
MBA |
9,60,000 p.a |
9,88,000 p.a |
|
MBA (Executive) |
3,25,000 p.a |
17,50,000 p.a |
|
Post-Graduation Certification in Marketing |
40,000 p.a |
60,000 p.a |
Placements:
There are over 200 recruiters who take part in the hiring process at NMIMS whereas at SIBM, it is 90+. Both these institutes have also performed really well at organising summer internships drives, with 80+ students receiving PPOs at NMIMS and around 50 students at SIBM.
The table below gives a brief comparison of placements at the business schools of NMIMS and SIBM.
|
CATEGORY |
NMIMS |
SIBM |
|
(CTC in INR and LPA) |
||
|
Average CTC |
18.33 |
20.14 |
|
Highest Compensation |
58.61 |
34.26 |
|
No of Pre- Placement Offers |
25+ |
80+ |
|
Top recruiters |
Bosch,E&Y,Reliance, ICICI,JP Morgan |
Dell,Bajaj,HDFC,Flipkart, ITC,Mahindra |
Both SIBM Pune and NMIMS Mumbai have a high ROI and average placement rate over 90%. If one compares in terms of placements then, NMIMS has better statistics as the student strength is higher. So, one must do proper analysis and choose the institute after much deliberation considering the facts provided.
