IIM Mumbai, previously known as NITIE Mumbai, is a graduate business school under the Ministry of HRD, Government of India located in Powai near Vihar Lake in Mumbai. It is ranked 7th among B-Schools of India as per NIRF 2023 rankings. IIM Mumbai was established in 1961 as the National Institute of Industrial Engineering (NITIE). It was renamed as IIM Mumbai in August 2023 after the passing of the IIM (Amendment) Bill 2023 by Parliament.
Here are some of the key features of IIM Mumbai:
Academic excellence: The highly regarded IIM Mumbai is a center of learning. The institution provides students with a wide range of programs that are geared to provide them the information and abilities they need to excel in the business world.
Industry-relevant curriculum: The IIM Mumbai curriculum is created with industry needs in mind. The institution works together with business partners to make sure the curriculum is current and fulfills business demands.
World-class faculty: IIM Mumbai boasts a faculty of the highest caliber with years of combined teaching and research expertise. The teaching members are dedicated to giving pupils the greatest education they can get.
Strong alumni network: The IIM Mumbai alumni community numbers over 30,000 people. The institute and its students receive active assistance from the alumni network.
Global exposure: Through its numerous exchange programs and foreign partnerships, IIM Mumbai provides students with the chance to get global experience.
Placement Process of IIM Mumbai
- Pre-Placement Talks (PPTs): Companies interested in hiring from IIM Mumbai would conduct pre-placement talks to introduce themselves to the students. These talks provide information about the company’s culture, job roles, compensation packages, and other relevant details.
- Summer Internship Placements: This process typically takes place in the first year of the two-year MBA program. Companies visit the campus to recruit students for summer internships, usually during November-December. Students can choose from various sectors and roles based on their interests and specialization areas. The summer internship acts as a prelude to the final placements and provides students with hands-on corporate experience.
- Final Placements: The final placements generally take place in the second year of the program, around January-February. The placement process is known for its “cluster-based” approach, where companies from specific industries visit the campus on particular days or clusters.
- Resume Submission: Students submit their resumes to the Placement Committee, highlighting their academic achievements, work experience, and skills.
- Shortlisting: Companies shortlist candidates based on their resumes and academic performance. Some companies may also have additional rounds of shortlisting, such as aptitude tests or group discussions.
- Interviews: Shortlisted candidates are invited for interviews, which could be a mix of personal interviews, group discussions, case studies, or other evaluation methods. The interviews assess candidates’ suitability for specific roles within the company.
- Offers: After the interviews, companies extend job offers to the candidates they find suitable. Candidates may receive multiple offers and have a certain amount of time to make their decisions.
- Ranking and Day 0: The placement process at IIM Mumbai is known for its ‘Day 0’ concept, where some of the most sought-after companies visit the campus on the first day. This is followed by subsequent days with other prominent recruiters. The rankings of the companies are based on various factors, including the roles offered, compensation, and reputation.
- Dream and Regular Companies: Companies that offer coveted roles and competitive compensation packages are often referred to as “Dream Companies.” Regular companies also offer attractive opportunities, though they might not be as prominent as Dream Companies. Students have the flexibility to choose offers based on their career aspirations.
Top Recruiters at IIM Mumbai
Recruiter | Highest Package (LPA) |
|---|---|
| Apple | 78.20 |
| McKinsey & Company | 75.00 |
| Goldman Sachs | 72.00 |
| Bain & Company | 70.00 |
| Boston Consulting Group | 68.00 |
| Aditya Birla Group | 65.00 |
| Tata Consultancy Services | 62.00 |
| Hindustan Unilever | 60.00 |
| Infosys | 58.00 |
| Morgan Stanley | 56.00 |
Placement of IIM Mumbai
Program | Total Registered | Total Placed | Percentage |
|---|---|---|---|
| Post Graduate Programme in Management (PGPM) | 468 | 428 | 91.3% |
| Post Graduate Programme in Business Analytics (PGP Analytics) | 64 | 58 | 90.6% |
| Post Graduate Programme in Supply Chain Management (PGP SCM) | 48 | 42 | 87.5% |
| Executive MBA (EMBA) | 68 | 66 | 96.1% |
Packages of IIM Mumbai
Course | Highest Package (LPA) | Lowest Package (LPA) | Average Package (LPA) |
|---|---|---|---|
| Post Graduate Programme in Management (PGPM) | 67.02 | 15.80 | 32.79 |
| Post Graduate Programme in Business Analytics (PGP Analytics) | 35.80 | 14.60 | 24.25 |
| Post Graduate Programme in Supply Chain Management (PGP SCM) | 34.50 | 14.20 | 22.65 |
| Executive MBA (EMBA) | 55.00 | 18.00 | 31.75 |
| Doctor of Philosophy (PhD) | 35.00 | 15.00 | 25.00 |
Frequently Asked Questions
Admission to IIM Mumbai is highly competitive. Candidates are selected based on their performance in the Common Admission Test (CAT), academic achievements, work experience, and performance in the Written Ability Test (WAT) and Personal Interview (PI) rounds.
The campus life at IIM Mumbai is vibrant and engaging. Students participate in various clubs, committees, cultural events, sports activities, and industry interactions, making it a holistic learning experience.
IIM Mumbai offers a range of specializations, including Finance, Marketing, Operations, Strategy, Entrepreneurship, Human Resources, and more. Students can choose their preferred specialization based on their career goals.
Placements at IIM Mumbai are known for their excellence. The institute has a strong network of recruiters from various industries. Students are offered diverse job roles and attractive compensation packages during the placement process.
IIM Mumbai has partnerships and collaborations with several renowned international universities and business schools. These collaborations often facilitate student exchange programs, joint research initiatives, and global exposure opportunities.
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