Is NITIE Mumbai an IIM?
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2 Answers
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NITIE (National Institute of Industrial Engineering), Mumbai which was established in the year 1963 by the Govt. of India with the assistance of UNDP and ILO has now been named IIM, Mumbai. The change was made on July 12th, 2023 after the Union cabinet approved an amendment to the IIM Act, making it the second IIM (Indian Institute of Management) in Mumbai, Maharashtra alongside IIM Nagpur. The institute celebrated its Diamond Jubliee completion this year and has been ranked 7th in the Management category by NIRF.
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Established in 1963, NITIE Mumbai has now been renamed to IIM Mumbai. It received the final stamp with declaration of the Gazette on the Indian Institute of Managements (Amendment) Act 2023, on Wednesday (August 16). Indian Institute of Management, Mumbai (formerly known as NITIE Mumbai) is a Management institute located in Mumbai, Maharashtra. The institute has been ranked 7 under ‘Management’ category by the NIRF in 2023.
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IIM Mumbai offers financial assistance in the form of financial assistance to PhD scholarships. During the first and second years of the PhD, students get INR 37,000 per month. Additionally, during the third, fourth and fifth years of the programme students receive INR 42,000 per month as a stipend.
To apply for the various scholarships offered at IIM Mumbai, students need to visit the official website of the institute. IIM Mumbai provides various government-aided scholarships to PhD scholars. The links for all of the scholarship portals are made available on the site. Applicants can fill out the form and go through the procedure as specified by the guidelines of the concerned authority.
In order to determine which is better for a MBA between SASMIRA and Indian Institute of Management Mumbai, candidates can compare based on their specialisation, seat intake, fees, cutoffs, etc. A comparison of the two universities for their MBA courses on different parameters, including seat intake, fees, and ratings, is presented here:
Particular | MBA at SASMIRA | MBA at Indian Institute of Management Mumbai |
|---|---|---|
Tuition Fee | INR 4.4 lakh | INR 14 lakh |
Seat Intake | 180 | - |
Overall Shiksha Rating | 3.8/5 | 4.6/5 |
NOTE: The above-mentioned information is taken from their respective official sources. They are still subject to change and, hence, are indicative.
IIM Mumbai MBA in Operations and supply chain management offers a blend of core and elective subjects under the curriculum. Moreover, most of the core subjects are assigned a credit score of three. The names of the offered core subjects are as follows:
- Data Science for Managerial Decisions
- Operations Management
- Marketing Management
- Financial Reporting & Accounting
- Supply chain management
- Managerial Communication, etc.
To compare and find out which is best for an MBA course among IIM Mumbai and NSB Bangalore, candidates must consider various factors, such as the highest placement package, course fees, ranking, rating, etc. Interested candidates can refer to the following table for a brief comparison:
| Particular | NSB Bangalore | IIM Mumbai |
|---|---|---|
| Tuition Fee | INR 8.6 Lacs to INR 8.8 lakh | INR 14 lakh |
| Overall Shiksha Rating | 4.4/5 | 4.6/5 |
NOTE: The mentioned fee is taken from the official website/sanctioning body. It is still subject to change and, hence, is indicative.
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