MBA Showdown: NMIMS vs. Amity— The Battle of Online Titans!

Dive In: The Business Industry of India

If Domino began to sell the same taste worldwide, do you think its stores would multiply? The bottom line is that businesses must cater differently when the markets are diverse. They know the value of expansion and that it largely depends on their consumers’ choices. When a start-up becomes a business, it undergoes multiple transformations. It needs a team of accountable and educated professionals who can help the business progress.

Now that we have a booming economy with a GDP expected to cross  $5 trillion by 2025, we have become a hotspot for entrepreneurship, innovation, corporate expansion, and the development of newer business-orientated ideas. Business can never be learnt from books; it is always a dynamic combination of theory and experience. However, an MBA degree is one such foundation that prepares an individual with an ambitious mindset. This gives an idea of the magic wonders of an online degree.

It prepares you to think about how an existing problem can be solved and how that solution can be commercialised. Choosing an MBA programme is pivotal in shaping your career in India’s thriving business landscape. However, multiple colleges provide an online degree. Which one to choose from?” Both NMIMS and Amity online MBA programmes offer excellent opportunities for ambitious individuals, but which aligns better with your goals?

NMIMS Online MBA: Basic Details 

College Name: Narsee Monjee Institute of Management Studies

Location (s)

1. Mumbai (Main Campus)

2. Shirpur

3. Bengaluru

4. Hyderabad

5. Navi Mumbai

6. Indore

7. Dhule

8. Chandigarh

Amity University Online MBA: Basic Details 

College Name: Amity University

Location (s)

1. Noida (Uttar Pradesh)

2. Gurgaon (Haryana)

3. Jaipur (Rajasthan)

4. Gwalior (Madhya Pradesh)

5. Lucknow (Uttar Pradesh)

6. Patna (Bihar)

7. Kochi (Kerala)

8. Mumbai (Maharashtra)

9. Bhubaneswar (Odisha)

10. Raipur (Chhattisgarh)

Course Highlights

NMIMS

• The NMIMS Online MBA programme is very well-structured.

• The institute offers ebooks to provide the most relevant study material and help you access online resources more conveniently.

• Presentations prepared by the faculty of NMIMS CDOE to ensure you can access study material irrespective of location-based barriers.

• SVKM’s NMIMS School of Business Management has been accredited by AACSB for the second consecutive time, making it the first B-School in Western India to achieve this honour.

Amity University

• Comprehensive structure with an opportunity to engage with several industry experts and participate in real-world case studies.

• Opportunities to interact with some of the most experienced faculty.

Accreditations and Rankings

NMIMS

Narsee Monjee Institute of Management Studies has consistently received exemplary rankings over the years and is considered one of the top institutions in the country. The institute is known for its MBA and BTech courses and has firm corporate relationships with over 1,348 companies.

1. Overall NIRF: 84th Rank

2. Management NIRF: 21st Rank

3. AACSB

4. NAAC: NMIMS Deemed-to-be University Accredited by NAAC with 3.59 CGPA and Grade A+ in the 3rd cycle (Mumbai Campus)

5. AICTE: AICTE Letter of Approval 2018-19

Amity University

1. Overall NIRF Ranking: 49th Rank

2. University Category NIRF Ranking: 32nd Rank

3. Management Category NIRF Ranking: 29th Rank

4. NAAC A+

5. AICTE Approved

6. Member of the Association of Commonwealth Universities

7. Member of the Association of Indian Universities (AIU)

Know Your Specialisations

NMIMS

1. Financial Management

2. Business Management

3. Human Resource Management

4. Marketing Management

5. Operations and Data Science Management

6. Operations and Supply Chain Management

7. Leadership and Strategy

8. Information Technology Management

9. Digital Marketing

10. Commerce

11. Business Analytics

12. Business Administration

13. Applied Finance

Amity University

1. Business Analytics

2. Data Science

3. Digital Entrepreneurship

4. Digital Marketing Management

5. Entrepreneurship and Leadership Management

6. Finance and Accounting Management

7. Global Finance Market

8. Hospitality Management

9. Human Resource Management

10. Human Resources Analytics

11. Information Technology Management

12. Insurance Management

13. International Business Management

14. International Finance(ACCA)

15. Marketing & Sales Management

16. Petroleum and Natural Gas Management

17. Production and Operations Management

18. Retail Management

Duration of the Course

NMIMS

The programme duration is 2 to 3 years, depending upon the specialisation.

Amity University

The duration of the programme is two years.

Cost Breakdown: Fee Structure

NMIMS

The Fee Structure of the Programme is INR 1,05,000 LPA

The fee structure per semester is INR 55,000 for four semesters.

1. Admission Processing Fee of INR 1,200 is applicable for all admissions.

2. An initial amount of  INR 10,000 from the programme fee would be collected at the time of registration.

3. The exam fee of INR 800 per subject would be charged per attempt.

4. A project fee of INR 1,500 per exam attempt would be charged.

5. You also have the option to pay the full programme fee of INR 1,96,000 if you prefer.

6. The fee mentioned above is subject to change at the university’s discretion.

7. Any payment via Demand Draft should be made in favour of “SVKM’s NMIMS,” payable in Mumbai.

Amity University

1. The Fee Structure of the Programme is INR 1,99,000 LPA

2. The fee structure per semester is INR 49,750 for four semesters.

What Can Make You Eligible?

NMIMS Eligibility Criteria

You must have a Bachelor’s Degree in any discipline from a recognised university or an equivalent degree recognised by the Association of Indian Universities (AIU) with a minimum of 50% marks at graduation level (45% for SC/ST/OBC/PwD).

Amity University Eligibility Criteria

You must graduate in any discipline with 40% marks in the last qualifying examination. Below 40% marks, a test is conducted, and if passed, you are eligible for admission. Moreover, you must possess sufficient knowledge and understanding of the English language.

Eligibility Criteria for Foreign Students

You must have completed a graduation degree. Moreover, you must have a certificate of equivalence from the Association of Indian Universities.

Scholarship Policy

NMIMS

The university offers special incentives to our armed forces, defence personnel, and their immediate families with a 20% concession on the programme fee.

Amity University

The University offers scholarships, for more details, you can check the Amity Online MBA Scholarship Policy

Career Services

NMIMS

The terms and conditions of the college are applicable here.

• Assessment: You can assess your cognitive and behavioural skills through aptitude and psychometric tests to identify your most suitable career path.

• Profile Development: To increase your chances of being shortlisted, you can get expert mentoring on resume building, social media profiling, and personal branding.

• Practice Interview Session 1: There would be one-on-one practice interview sessions to enhance your chances of succeeding at interviews for jobs, career changes, and promotions.

• Access to the Job Portal: You can get six months of access to job portals like IIMJobs, Updazz, and Hirist to find a role of your choice, highlight your job applications, and improve your profile ranking.

• Choose Your Module: You may enroll in multiple modules at any number of times.

Amity University

• Industry Mentors: You can get personalised guidance from career experts throughout the academic journey.

• Virtual Placement Drives: You can connect with employers and explore opportunities through interactive online events.

• Master Classes: You can access comprehensive help for resume building, interview preparation, and job placement.

• Profile Building: You can build a credible professional profile by showcasing your skills through hands-on projects.

The Unique Factor

NMIMS Programme USPs

1. The curriculum of NMIMS Online MBA covers a wide range of fundamental concepts. It also includes foundational courses that build a strong understanding of significant business concepts.

2. This online MBA programme also offers a very wide range of electives. You can use this to specialise in your area of interest. The five electives are:

• Business

• Marketing

• Finance

• Human Resource

• Operation

• Data Science.

3. The programme would provide you with support for their career paths in managerial, administrative, or entrepreneurial purposes.

Amity University Programme USPs

1. Amity’s online MBA programme offers a wide range of ACCA-accredited specialisations. Students are also exempt from 60% of ACCA exams.

2. There are real-world projects you can get your hands on and case studies that you can go through to succeed in the industry you choose.

3. The online MBA programme also offers 400+ hours of recorded video lectures that can help make your learning journey more convenient and interactive.

4. This is the only online MBA programme in India to be ranked by QS. It is ranked 7 in Asia Pacific.

Also Read:  Amity Online MBA 2024: Fee, Admission, Eligibility

Placement Cell: Hiring Partners

Here are the Hiring Partners associated with Amity University

1. Flipkart

2. Tech Mahindra

3. Factspan

4. HDFC bank

5. SBI

The Final Analysis: Winner, Winner, or What?

Both, NMIMS and Amity University offer a well-structured programme. They both have a long list of specialisations and a comprehensive syllabus. The degrees from both colleges are recognised and accredited, which can help you significantly when applying for jobs. As far as the fees are concerned, there is little difference between the two colleges. Both the programmes and degrees are recognised and accredited by reputed names, making them credible programmes. If you are still wondering which college you should choose, you can note down your preferences and parameters to compare these colleges. The right choice is dependent mainly on your expectations and requirements.

Conclusion: In a Nutshell

What is interesting about MBA graduates in India is that their salaries increase by 35–40% compared to non-MBA professionals, making it a top career choice in the business world. As far as the colleges are concerned, both NMIMS and Amity University are renowned for their online MBA programmes. They have an excellent reputation regarding their faculty, alumni, recognition, and accreditations. Choosing between the two might be a difficult decision. However, based on these comparisons, you can prioritise what you expect from the degree. Once these answers align with your preferences, you would be able to make the right choice easily.

Frequently Asked Questions

Q.1 What are the job roles after completing an Online MBA?

Here are the entry-level job roles you can explore post an Online MBA:

1. Management Trainee

2. Business Analyst

3. Marketing Associate

4. Financial Analyst

5. Operations Executive

6. Human Resource Executive

Q.2 Which are the top skills an MBA graduate is expected to develop?

Here are some of the key skills you can focus on developing as an MBA graduate

1. Leadership

2. Strategic Thinking

3. Financial Acumen

4. Communication

5. Analytical Skills

Q.3 Which is better between Online and Offline MBA?

The answer is quite subjective. It depends on your preference, career prospects and work schedule. If you wish to work along while pursuing your degree, an Online MBA is more beneficial. It is also preferable in terms of being cost-effective, convenient and flexible as opposed to an offline degree. However, keep in mind that they both have their own pros and cons.

Sources 

Accreditations and Rankings for NMIMS- Accreditations of SBM|NMIMS University

NIRF Rankings: India Rankings 2024: Management