Know about admission, placements, fees of B schools in Mumbai and Pune

In its ongoing city wise series to guide MBA aspirants for Admission 2014 into leading B schools, MBAUniverse.com comes up with an article having information about the leading B schools in Mumbai and Pune. The first article of the series was about the leading B schools of Delhi- NCR. Through this article we will provide all the key details you need to decide which B-school to apply for like fees, placements, faculty, seats, entrance exams accepted and last years cut off percentile. Did you know that SPJIMR got an average placement for Rs. 15.95 lakhs giving a tough fight to even the leading IIMS or about the B school of Mumbai having the lowest fee for its two year full time course? So, lets explore about them through this article.

Being the financial capital of the country Mumbai is one of the most preferable choices for many of the MBA aspirants. Nearly all the big business houses have their headquarters and offices based in the city itself. Its a great place to meet the whos who of Indias corporate world. Being nearer to Mumbai, Pune in the last few years has gained much importance by becoming an educational hub for the students aspiring for B schools.

The B Schools of Mumbai which the MBAuniverse.com has taken up to guide you towards achieving your goals range from government owned Jamnalal Bajaj Institute of Management Studies (JBIMS), University of Mumbai to private schools like SP Jain Institute of Management and Research (SPJIMR), Narsee Monjee Institute Of Management Studies (NMIMS), NITIE and K J Somaiya Institute Of Management Studies & Research.

Among the institutes of Pune which the MBAUniverse.com has taken up to guide you include Symbiosis Institute of Business Management (SIBM), BIMM, MIT School of Business, ISB&M and National Insurance Academy School of Management.

Among the above listed schools, the last date to apply for SPJIMR is NOVEMBER 18 , 2013, the last date for NITIE, Mumbai is December 17, 2013, while the last date of K J Somaiya Institute of Management Studies & Research, Mumbai is January 15, 2014. The information about the last date to apply for other colleges in the list was not available.

Among the B schools of Pune the last date to apply for SIBM is December 14, 2013 and the last day to apply for BIMM is February 08, 2014.
Please refer to the table for further details

Placements
As far as the placements in the leading B Schools of Mumbai are concerned, SPJIMR leads the list with a median salary of Rs 15.95 lakhs for the batch of 2011-13 while JBIMS follows it with an Median salary of Rs 14 lakhs. The average salary of majority of the leading B schools of Mumbai ranges between 13- 15 lakhs.
Among the leading B schools of Pune SIBM tops the list with an median salary of Rs 10.52 lakhs while both ISB&M and National Insurance Academy School Of Management getting an median salary of Rs 6.5 lakhs each.
Please refer to the table for further details.

Fee Structure
The fee structure is always one of the main criteria which are taken up by an aspirant when he thinks about taking admission in any institute. Keeping that in mind we bring the fee structure of the top ten B-schools of Mumbai and Pune. The lowest , most attractive and affordable fees for a full time MBA programme is offered by JBIMS, University of Mumbai which was Rs 2.1 lakhs for its 2 year full time course for the batch of 2013-15.After that National Institute of Industrial Engineering (NITIE) comes up with an attractive fees of Rs. 4.2 lakhs. SPJIMR comes up with the highest fees of Rs 8.8 lakhs followed by NMIMS having 7.2 lakhs as its tuition fees.
Among the schools of Pune taken up by MBAUniverse.com the Balaji Institute of Modern Management (BIMM) has the lowest fees of Rs 4.85 lakhs followed by MIT school of Business having tuition fees of Rs 5.5 lakhs. The highest fees amounting to 9.68 lakhs is that of National Insurance Academy School Of Management followed by International School of Business and Media(ISB&M) having a tuition fees of 8.5 lakhs.

Please refer to the table for further details.

Faculty
Most of the MBA aspirants before taking admission in a particular institute show interest in knowing about the faculty and quality of education in that institute. To make you more aware regarding the same MBAUniverse.com brings you the latest information about the faculties of Mumbai and Punes leading B schools. As far as the leading B schools of Mumbai are concerned NMIMS and K J Somaiya Institute of Management Studies & Research have the biggest size of 88 permanent faculties each while the former has 117 visiting faculties and the later has 29 visiting faculties. JBIMS has only 5 core faculties but 89 visiting faculties. SPJIMR comes up with 51 core faculties and 98 visiting faculties.

While among the leading B schools of Pune ISB&M and BIMM both have a maximum number of permanent faculties of 48 each and the numbers of visiting faculties being 22 and 62 respectively. The MIT school of Business has a number of 40 permanent faculties.

Please refer to the table for further details.

Number of Seats
Among the top business schools of Mumbai Narsee Monjee Institute of Management Studies (NMIMS) comes up with a maximum number of 320 seats which makes it a preferable choice for B school aspirants. NITIE also offers a large number of 274 seats and SPJIMR offers 240 seats while JBIMS offers 120 seats.

Among the B schools of Pune, MIT School of business offers a maximum number of 360 seats followed by ISB&M which offers 240 seats. SIBM offers 209 seats while the lowest number of seats is offered by National Insurance Academy School of Management which offers only 75 seats.

Please refer to the table for further details.
Cut-off Percentile: 2013

Among the leading B schools of Mumbai JBIMS has the highest cut off percentile of 99.86 based on CAT 2012. NITIE comes up with a cut off percentile of 97 based on CAT 2012 while NMIMS has a cut off percentile of 95 based on NMAT. The cut off percentile of most of the leading B schools of Mumbai varies between 95 and 100.

Among the leading B Schools of Pune SIBM has the highest cut off percentile of 91.72 based on SNAP exam. BIMM has a cut off percentile of 90 based on CAT 2012, while the ISB&M has cut off percentiles of 75 and 70 based on CAT 2012 and XAT 2013 respectively.

Please refer to the table for further details.
How to Crack In For 2014

As far as the admissions 2014 are concerned most of the leading B schools of Mumbai take in students based on their CAT scores, JBIMS will accept CMAT score for admission 2014 as per the AICTE guidelines, however the acceptance of CAT 2013 scores is not yet confirmed. SPJIMR admits students based on their CAT and XAT scores while NMIMS admits students based NMAT, an exam conducted by the institute itself.

Most of the leading B schools of Pune take students based on their CAT, XAT and CMAT scores while SIBM accepts admissions on the basis of an SNAP, an exam conducted by the institute only. Even other leading B schools like SCMHRD, SIMC and SICSR also use SNAP scores for admissions.