ITM Business School, Navi Mumbai: Interview with Dr. Lakshmi Mohan, Director on Admissions, Placement, Cutoff
Established in 1991, ITM Business School, Navi Mumbai is a part of the ITM Group of Institutions. The school offers PGDM programmes in 10 specializations and is accredited by AICTE. The institute considers scores of national entrance exams like CAT, XAT, CMAT etc., for shortlisting purposes. Speaking to Careers360, Dr. Lakshmi Mohan, Director, ITM Business School, Navi Mumbai elaborates on the legacy of the institute, mission, admission and selection criteria, placements, campus facilities and more. Read the interview with Dr. Lakshmi Mohan, Director, ITM Business School, Navi Mumbai to know more.
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Careers360: Can you describe the mission and legacy of ITM Navi Mumbai?
Dr. Lakshmi Mohan: ITM was established in 1991 and its been 30 years now. It is part of the ITM Group of Institutes. We have two universities at Raipur and Vadodara. We have forayed into Health Science, Design, Hotel Management. Name the stream we are there. We also have three business schools at Chennai, Warangal and Navi Mumbai respectively. In terms of international collaboration, we have tie ups with Queen Margaret University, UK, EMI Normandie and Groupe ESSCA, France.
Students can move to ESSCA or EMI for three months under this collaboration. The tie up with NUS for HR and retail management courses allows our students to pursue a Certification Program on “Design Thinking.”
Careers360: Please give some details about accreditation of the ITM Navi Mumbai.
Dr. Lakshmi Mohan: PGDM programmes at Navi Mumbai is accredited by NBA. We are also AICTE accredited and have the equivalence of MBA for our PGDM programmes. This allows us autonomy to decide our curriculum which is industry oriented.
Watch the interview with Dr. Lakshmi Mohan, Director, ITM Business School Navi Mumbai
Careers360: What are the courses offered at ITM Navi Mumbai?
Dr. Lakshmi Mohan: ITM Business School, Navi Mumbai offers 10 PGDM specializations. The ITM Navi Mumbai courses include PGDM in Marketing, Finance, Digital Marketing Management, Human Resources Management, Retail Management & Marketing, Operations & Supply Chain Management. Other popular new age PGDM programmes are in Business Analytics, International Business, Financial Markets and FinTech.
Careers360: What are the facilities offered at ITM Business School?
Dr. Lakshmi Mohan: ITM Navi Mumbai is located in Kharghar. The autonomous ITM campus is well connected and has all needed modern facilities. The campus is wifi enabled and hosts hostels (boys and girls) that can accommodate 500 students. The hostel also provides four meals and has respective wardens (one for girls and one for boys). A well-stocked library and the various labs form part of the campus. Students can access the 24x7 medical facilities available at the campus. In addition, ITM Kharghar also has facilities like gym, indoor outdoor games, cafeteria, auditorium, amphitheatre to name a few.
Careers360: What is the diversity ratio at ITM Navi Mumbai in terms of gender, streams etc.?
Dr. Lakshmi Mohan: “We call ourselves the university of diversity.”We encourage students from Kashmir to Kanyakumari because that creates the culture of diversity. Any student who joins the corporate world needs to work with people from diverse backgrounds. This is what we wish to create on our campus also. So, students of ITM Mumbai get experiential learning on this aspect at the campus itself.
Female students at ITM Navi Mumbai comprise about 41% of the students while the remaining are male students. As for region- about 30% of the students are from Mumbai while the rest belong to almost all states of the country. We have seen a decline in the engineering graduates applying as compared to past years but students from other streams like mass media, art, hotel management etc., are in good numbers. The presence of students from diverse backgrounds helps build a vibrant culture in the campus.
Careers360: Is ITM Navi Mumbai’s PGDM industry oriented? What are the details of the curriculum?
Dr. Lakshmi Mohan: Students who join the PGDM course at ITM Business School Navi Mumbai begin with a 2-week foundation course. This is to bring all students to the same level. There are fun elements in this course to allow students to get to know each other.
The first semester curriculum introduces students to all business functions. This allows them to get an insight into the various specializations.
The second semester curriculum deals with the chosen specializations. Students also undergo their internships during this period. One unique thing at ITM Navi Mumbai is students are allowed to attend classes for some days of the week and pursue their projects on other days. This allows them freedom to gain an exposure that is not possible in regular classrooms.
The curriculum also includes social enterprise through NGOs. Yoga, meditation etc. form part of the life style management course that allows students to keep motivated and focused. This is for holistic development of students.The third semester is when placements start.
Careers360: What are the selection criteria at ITM Navi Mumbai?
Dr. Lakshmi Mohan: For ITM Navi Mumbai admissions, students must have a minimum of 50% and above in their graduation in addition to valid scores in entrance tests like CAT, XAT, CMAT, GMAT, MAT, ATMA, State CET tests & NMAT by GMAC. Once the initial shortlisting is done, students sit for personal interviews, presentations etc. Criteria like smartness, extracurricular activities, performance in academics are all considered to compute a composite score. This score is used for admission purposes. So, its not one cutoff of an exam that plays a role in the selection process but a combination of various factors.
Careers360: What are summer internships? Please give details.
Dr. Lakshmi Mohan: ITM Business School students undergo a 5-month industry internship which allows them to get a glimpse of corporate culture. They get insights on how the industry operates so that they are enabled to align their learning and adapt to the industry. Every year, these internships enable 15 to 20 % students to get placed in the same companies where they have done their internships.
Careers360: Please give details of the placements at ITM Business School, Navi Mumbai.
Dr. Lakshmi Mohan: ITM Navi Mumbai placements in 2020 were about 98%. The highest package was 22 lakhs. This was an international placement with Landmark. The average placement was 8.5 lakhs. One of the major advantages for our students is that ITM alumni are well placed in senior positions like CEOs, CFOs, Vice Presidents etc. in various sectors. Here I must say, placements are also dependent on the specialization and the packages varies as per the company and role.
The official website of ITM Business School, Navi Mumbai gives the following details
Operations & Supply Chain Management
Retail Management & Marketing
Human Resources Management
Careers360: Who are the top recruiters at ITM Business School? Kindly give details
Dr. Lakshmi Mohan: Companies from all sectors participate in the placements of ITM Navi Mumbai. Top recruiters of ITM Kharghar include the following
- FMCG - Asian Paints, Berger Paints, Nestle, ITC, Emamietc
- Banks – HDFC last year recruited 55 students. HDFC recruits a good number of students. Most of the banks including IndusInd Bank Ltd, ICICI Bank Ltd, Federal bank, Kotak Mahindra Bank come for recruitment. 204 students
- Banking, financial services and insurance (BFSI) companies that come for placements at ITM Kharghar include L&T Finance and other companies
- Consulting sector firms like Deloitte, TCS, Credence Analytics, Morning Star participate in ITM Kharghar placements. Deloitte in 2021 has picked up 31 students – some during internships and others through regular placements.
ITM is connected to more than 600 companies as a group while ITM Navi Mumbai is connected to more than 300 companies. Placements of ITM Business School for the past year can also be found on the official placement on the website.
Careers360: Why should students choose ITM Business School Mumbai?
Dr. Lakshmi Mohan: ITM is known for its industry connect. We create students who are industry employable. Students should choose a school that can give knowledge, skills and at the same time ensure they are employable. We are all that.
We are support our entrepreneurship cell where we look for job creators and not job seekers. Our incubation cell is for this where we encourage students to come forth with their ideas. Our own Capstone project is one good example for this.
Careers360: Any advice to BSchool aspirants?
Dr. Lakshmi Mohan: Every student has to be focused and clear on what they will do in the two years of their study. One important aspect they should look at is the connect with alumni who are well placed and the best guides on navigating the corporate world.
Today’s students are well informed. However, they should check for the accreditations, facilities, placement statistics as well as industry connect while selecting a BSchool.
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Questions related to ITM Navi Mumbai
What is the intake of ITM Navi Mumbai? Is there a independent placement cell for Navi Mumbai campus? Or the placement is central and all the ITM campus students come for the placement?
ITM Mumbai is better for sales profile job. Location is too good . It would be better if you have mentioned your area of interest (Sales, HR, Financial Product sales, Core finance) and percentile so that can recommend you better if you deserve with score. How ever you should know for sales profile you need to have a 2 wheeler with license and many mnc demands and for core finance job profile it is good to have 55-60% in/up to graduation as mncs want to screening out to mitigate gathering of interview. Verify these directly with placement head. According to the placements record (2018) of ITM Business School, Navi Mumbai, highest and average salary specialization wise was as follows-
Highest Salary - 15 L
Average Salary- 7.5L
Highest Salary - 12 L
Average Salary - 7L
IT & Analytics -
Highest Salary - 14.5 L
Average Salary - 6.8 L
Supply Chain & Operation Management -
Highest Salary - 12.5 L
Average Salary - 5.8 L
International Business -
Highest Salary - 13.5 L
Average Salary - 6.8 L
Retail Management and Marketing-
Highest Salary - 10 L
Average Salary - 6 L
Human Resource and Management -
Highest Salary - 8 L
Average Salary - 5.6 L
Financial Markets -
Highest Salary - 10 L
Average Salary - 6 L
Check the detailed information - https://www.itm.edu/post-graduation-diploma-management/pgdm-navi-mumbai-institute/
While comparing the colleges placements and rankings are usually considered.
Lexicon Mile or ITM navi mumbai for mba finance?
Both the Lexicon MILE and ITM college are good for MBA courses. Below I am giving you details about both the institutions so that it will be easier for you to choose.
Lexicon MILE is one of the famous private institutions established in 2009 by the Lexicon Group of Institution. This institution is approved by AICTE and it offers various courses on PGDM, Global MBA, International MBA, International MS program. This university is acknowledged with many awards such as Best Private Institute 2020 by CEGR, the Best Management Institute for Placements 2020 by the NBA (National Board of Accreditation). It has been ranked 11th and ranked 20th among the top management institutes by the Times B School. The faculty of this university is awesome and the university provides all the basic facilities such as a cafeteria, specious classrooms, hostel, auditorium, playground, medical facilities, computer lab, wi-fi, and so on.
The Lexicon MILE has signed MOUs with South Korea IYF & IMEI, University of South Wales, UK, University of New Haven, USA, Abhyangh School of Model training. It offers several different courses and the admission is done through entrance exams.
For those who want to get admission in Lexion MILE, then the candidate has to appear for CAT, XAT, CMAT, MAT, GMAT, or Lexicon Aptitude Test. You can apply the application both in online and offline modes. The application fee is Rs. 1000. The final selection of students will be based on your score on entrance tests and their performance in Group Discussion and Personal Interview, based on the performance of the aspirant in all these rounds the students can get admission.
This institute has a great placement facility with lots of internship opportunities for students.
As you have mentioned that you want to pursue MBA in Finance then this institute provides different courses for MBA in Finance such as Global MBA and International MBA. The eligibility criteria for this is that you have to qualify for the qualifying exam and must have secured a minimum of 55% of aggregate marks from any recognized university. The total fee is approximately Rs. 7.65 LPA. Those who are pursuing a Global MBA will be awarded certificate from the University of South Wales, UK. And this is a 2 year long program.
You can also opt for the International MBA program, it is a 2-year course and you will get your degree certificate from the University of New Haven, USA.
ITM Navi Mumbai is a private institution established in 1991. This institution is recognized by AICTE and accredited by NAAC, NBA, AIU. This institution got the 33 rank for MBA by Times 2020, 91th for Private MBA by Outlook 2020, and 12th by Business World B-School Survey, Regional 2019.
There are several entrance exams available through which you can join the ITM Navi Mumbai, namely CAT, XAT, MAT, CMAT, GMAT, ATMA, NMAT (national level) and MHCET is a state-level entrance exam. You can apply online by registering yourself on the official website and the application fee is Rs. 1500.
The courses available here are PGDM and MBA. The total fees of the PGDM course are approximately Rs. 9,75,000 and PGDM International Business is Rs. 12 LPA including the hostel charges.
The faculty of this institution is quite decent, most of the faculties have a good experience. The placement facility of this institution is very good, some top recruiters are Amazon, TNS Global, Landmark, J P Morgan, Browser Stack, Hindustan Unilever, LG Electronics, and many more. They also offer various summer internship opportunities, overseas placement facilities, various workshops, seminars, NGO projects, and so on.
I hope this helps you and you have any doubts then feel free to ask in the comment section.
how is itm business school for pgdm in finance?
ITM business school for PGDM finance is great choice.
•It has being ranked 32nd among Top B schools in India, 2021.
•Ranked 14th among the Private Standalone Buisness Schools.
•And 10th among Private B Schools in West zone.
•As per Career360s rankings it has been ranked 3.6 out of 5.
•The placement record is 100%.
Hope the information is helpful to you.
which college is better on combaring between fiib delhi and itm navi mumbai for pgdm???
According to me
FIIB is good..
Although the institute is marginally short of achieving the glorious 100% placement mark, it offers more than enough opportunities for excellent future endeavours. The annual package offered to the students of FIIB New Delhi depends on their skill sets.
FIIB has managed to maintaina goodplacement record overall.The placement activities are conducted by theCorporate Relationship Centre (CRC) which works towards enhancing the skills and employability of the students. The team of CRC conducts pre-placement mock interviews for the second-year students in the areas of Finance, Marketing, International Business, and HR. This helps students prepare themselves for the actual campus placement interviewsand also helps them understand the recruiters perspective.
Please give details of ITM Navi Mumbai MBA Programmes.
Actually, ITM Navi Mumbai does not offer MBA programmes. The institute has PGDM courses accredited by AICTE and students can choose from 10 specializations offered by the Navi Mumbai ITM Business School. The process to apply and selection criteria is common. ITM Navi Mumbai also has a mandatory 5-month internship for all students pursuing their PGDM in the institute.
While PGDM in regular specializations like marketing, finance, HR, Retail Management and Marketing are anyway available,
ITM Navi Mumbai courses
also include new age specializations like Fintech, Business Analytics etc., are also offered.
Dr. Lakshmi Mohan, Director ITM Business School
To checkout the interview click on https://www.youtube.com/watch?v=bmeZMIsQ0Ec