With the advent of globalization, professions have taken a toll. Distance education is accepted worldwide like never before. Along with that professional courses like MBA and Engineering programs, both at the graduate, undergraduate levels and other skill-based courses are more sought-after in India.
Reports suggest that distance MBA enrollment is increasing exponentially and many top private and government universities have inculcated online and distance learning in their education system.
According to reports, 26% of females and 74% of males pursue MBA / PGP and they come from all backgrounds and education streams. Institutes like Narsee Monjee Institute of Management, Amity University, Chandigarh University, and many others are shaping India’s distance higher education sector.
Narsee Monjee Institute of Management is among the top 10 Business Schools in India. The institute is accredited nationally and internationally by UGC, and WES and is also endorsed by NAAC with an “A+” Grade. NIRF has also ranked the institute in 22nd position among the top institutes in India.
How many specializations are offered in the NMIMS Global distance MBA course?
NMIMS has thoughtfully crafted its course for working professionals as well as for freshers under a reasonable fee structure. Their distance MBA course includes 10 industry-oriented specializations, namely:
- Business Management
- Marketing Management
- Financial Management
- Human Resource Management
- International Trade Management
- Banking and Finance Management
- Supply Chain Management
- Operations Management
- Retail Management
- Information Technology and Systems Management
Since Narsee Monjee Institute of Management have also gained Category-1 Autonomy by UGC hence they can tweak their curriculum and update it according to the industry.
NMIMS procedure to opt for a specialization
Narsee Monjee Global distance offers 10 specializations and the students can choose from any one of them irrespective of their background.
While the students are taking admission in their distance course the institute encourages them to opt for specialization so the portal they create can be tweaked according to that area of expertise.
Eg – if a student selects for Human Resource Management, he will have to mention the specialization while filling the admission form. The student portal is created according to that. Previous year’s question papers, e-books, and other student material catering to Human Resource Management will be added to it.
NMIMS procedure to change the specialization
There are two circumstances under which the students can change their specializations.
Situation 1: –
Students can change their specializations between the submission for the admission fee and the course fee. In this situation, there will be no extra payment.
Situation 2: –
Students’ can change their specialization after the submission of the tuition fees. This is a chargeable procedure.
For the 1st year, students will have to study all the subjects and from the 2nd year, students will begin their specialized course. Although the students can change their specializations until 6 to 8 months of course with a reasonable payable amount after the beginning of the 2nd year, students can not opt for a switch.
3 basic tips and tricks you can follow to choose your specialization
Choosing a specialization seems like a herculean task because MBA, in general, is a sought-after practical course and all the specializations almost equally yield a similar Return on Investment (ROI).
Here are 3 easy tips via which you can easily pick your course: –
- For the 1st year, the students are taught general courses. Based on which subject they like the most, they can opt for it. This helps in making a rational decision based on personal experience.
- Students can pre-decide before enrolling in the course based on industry research and the knowledge of the market as well as statistical data.
- Passion and interest are parameters among other things.
Which MBA should you choose for the NMIMS distance course?
As we have described 3 former checkpoints to picking a course, let’s niche down a little more according to the course curriculum.
One of the most popular MBA specialities among students is the MBA in Finance. The finance domain prepares you to analyze business financial performance, comprehend economic trends, undertake due diligence, and make investment decisions for the organization. This is a highly competitive and quantitative field due to high-paying jobs.
Students who choose to specialize in finance in their MBA program will study topics including Cost & Management Accounting, Taxation, Capital Market and Portfolio Management, Corporate Finance, and International Finance among other critical subject matters in the domain.ICIC Bank, HDFC Bank, American Express, Accenture, TATA, JP Morgan, and other corporates are among the organizations that hire MBA graduates with a focus on finance.
An MBA in Operations is very useful for professionals because operations are the foundation of any organization. For both manufacturing and service companies, you will learn how to maximize corporate resources, create process flows, plan production, construct supply chains and logistics, manage suppliers, monitor quality control, and achieve continual operational efficiency improvement. Since operations specialists serve as the centre of a business, these positions also determine managerial and leadership skills, which an MBA helps students acquire.
Operations management, service and production planning, inventory management, supply chain management, and quality management are just a few of the topics covered in an MBA with a speciality in operations.
Marketing Management is yet another popular specialization, with the rise in social media and digitization students prefer to opt for it and the market demand has also risen with time. Marketing included both analytical and creative capabilities giving the students a holistic platform to showcase their skills. Not only the course is based on hard core course-based skills or theories but soft skills are an important parameter.
Some other specializations in NMIMS distance courses are also preferred by the students such as International Trade which helps the students to understand foreign relations better and how they can build their careers abroad. Another expert course is Information Technology and Systems Management which is generally preferred by Engineering and Science students given that they already have a background in it.
Current Packages in India in the NMIMS’s former specializations
Students are generally worried if they will get equal placement assistance as is offered to regular students. Well, this is NMIMS Global distance MBA’s USP that they offer the same opportunities to all their students despite the mode of the course.
NMIMS offers free “Alumni Portal’ and “Career Development Services” for the students in their distance courses where they can expand their network, connect with the right people and find jobs.
| Sr. No. | Specialization | Average Fee | Highes Fee |
| 1 | Marketing Management | 3,36,000 | 3,84,000 |
| 2 | Financial Management | 5,76,000 | 6,60,000 |
| 3 | Business Management | 3,12,000 | 5,00,000 |
| 4 | Human Resource Management | 4,00,000 | 12,00,000 |
| 5 | International Trade Management | 3,96,000 | 4,68,000 |
| 6 | Banking and Finance Management | – | – |
| 7 | Supply Chain Management | 5,38,389 | 28,00,000 |
| 8 | Operations Management | 2,40,000 | 7,44,000 |
| 9 | Retail Management | 4,80,000 | 7,80,000 |
| 10 | Information Technology and Systems Management | 13,00,000 | 37,00,000 |
