Mumbai, 19th January, 2014| Narsee Monjee Institute of Management Studies (NMIMS) merges focused MBA Banking & Capital Markets with General MBA Programme. This decision was taken due to changing trends in recruitment and the aspirants' preference to flagship an MBA programme.
Focused programmes in MBA Capital Markets, MBA Banking in 2005 and 2007 respectively have been introduced by NMIMS, to take in to account, the changing needs of the industry by providing managerial talent with direction, focus and greater knowledge, thereby, reducing the problem of talent crunch. A close collaboration with the industry and NMIMS can be expected out of these programmes.
Dr. Rajan Saxena, Vice Chancellor-NMIMS said, "We decided to take this step considering strong preference of aspirants towards flagship MBA program compared to focused programs and the changing trends of recruitments in Banking and BFSI sector."
The broad based flagship MBA programme with electives across specialisations like marketing, finance, operations, strategy, IT, economics, HR etc will open wider way and more opportunities for students in the present market scenario, he said.
Dr. Saxena added that NMIMS is committed to produce highly employable graduates and hence reviews contextual relevance of all its programs and curriculum on regular intervals and update with industry requirements. In recent years, we experienced that the BFSI sector has been selective in recruitments and now prefer students with Finance knowledge rather than in niche areas of Banking & Capital markets. In banking sector, nationalised banks stopped participating in campus recruitment and adopted its own selection process to follow the Supreme Court directives. Therefore, NMIMS felt appropriate to merge these programmes and modify its MBA General Management offerings.
Welcoming the decision of NMIMS University, Dr. Debashis Sanyal, Dean of NMIMS School of Business Management said "NMIMS has always responded to the market need and to the feedback of the students, corporate and of its alumni. We not only launched new focused programs when the corporate world required it, but also ran these programs with great success. Now with the changing need of market, we strongly feel that MBA program which gives opportunity to students to concentrate in any chosen area of their choice will provide more flexibility to students to build their career and respond to the need of the corporate world.
The decision to merge MBA Banking and Capital Market program and increase the seats in MBA program to 500, and allow students to take up concentration in ‘Corporate Finance', ‘Banking and Risk Management', and ‘Capital Market and Investment Banking ‘, along with option to concentrate in other functional area is a very welcome decision that will benefit all the stakeholder of the school. The other decision to increase the intake of MBA HRM program to 40, is again an endeavour towards fulfilling the demand of the students and of the industry at large to augment the pool of business HR professional"