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I dont think so. For one thing, you would find it nearly impossible to get into a highly selective or highly ranked program. That because schools want to assemble classes with individuals who have something to contribute to the overall learning. Without having spent any time in the world of work, you would have little to add to many of the discussions.
Secondly, you would fail to get the full benefit of the MBA experience. Without having experience, you wouldn't see how what you learn has applicability to your effectiveness at work. Lacking that foundation would make a big difference in what you take away from the program and how much of it stays with you.
Finally, the companies that employ MBAs want people who have had work experience prior to getting the degree and the maturity in a candidate that comes from it. So graduating with no work experiencemost likely from a third-tier schoolwill not help your employment outcomes.
By the way, just so you have more inside information on what a particular school offers in its MBA program, you might want to download one of these free in-depth Insider Guides. We have them for the top 16 U.S. business schools. I think that after reading one of these on a school you would most love to attend, you will more completely understand how bringing two to four years of work experience into a program would make total sense.
Start preparing for CAT but give it after work experience

My friend reviewed that:
I am in my final year of MMS and BBA Now to start with the course it is the most confusing course of NMIMS University. First of all, I will like to clear few misconceptions:
You won't get MMS degree you will get a MMS BBA degree i.e. MMS in BBA management.
You will be a student of MPSTME not SBM i.e. School of Business Managment. Your degree will always have MPSTME written over it.
My review of the programme and the college.
Frankly speaking, being in the top 5% percentage students of MMS BBA this college has not given me any exposure. The college is only a cash cow for NMIMS University. The university is not at all serious about the quality of the program. The teachers are pathetic (except very few). Apart from that, the course is not recognised by government organisations (so can't ever apply for a government job) and most of the big MNCs don't recognize our course. Whenever you will explain your course to someone saying its 3-years of BBA and 2 years of MMS, first of all, most of the people will not be able to understand our course. Coming to academics, the course curriculum is good but since faculty is of the poorest quality so don't expect much in terms of quality of education from the college. The top management of the college doesn't give a damn about the complaints or concerns. The only thing which this college will give a good infrastructure and nothing else.
Placements:
Coming to the most important thing, the college will claim 100% and an average package of 6L. The ground reality is the placement of marketing is 100% but for finance, operations, Business Analytics the placement is between 40-50% max. that too with an average package of 3.5 lacs ( approx. equal to that of an average B.Tech graduates from any college).