NMAT: The Inside Dope
Jul 17, 2018
NMAT is one of the most lucrative exams among B School
entrances. It also has one of the most convoluted examination procedures amongst all B Schools. Despite that it remains a popular exam. Here I am taking up some
often asked questions about NMAT.
Q 1) When is the Last Date to register?
A) The last date is October 4th, 2018. There is
also late registration till Oct 14th 2018
Q 2) Is there negative marking?
A) No there is no negative marking.
Q 3) Is the test adaptive like the GMAT also conducted by
GMAC? ( In an adaptive test, the difficulty increases with every right answer
and decreases with every wrong answer)
A) No, it is not adaptive
Q 4) What are the fees?
A) A regular registration costs Rs. 2000+taxes. A late registration costs Rs.
Q 5) How many attempts are allowed?
A) You can attempt a maximum of 3 times. Each time you need
to pay the test fees.
Q 6) How many attempts must we target?
A) One. Unless pitajee
ke paas bahut paisa hai.
Q 7) Do we need to apply to NMIMS Mumbai separately?
A) Yes, you need to apply separately. Applying to NMIMS Mumbai costs about Rs. 1500
in addition to filling the NMAT
Q 8) In case we retake the exam do we need to apply to
A) When I mentioned in the beginning that it is a lucrative
exam I did not mean you would get a huge salary on passing out. It is lucrative
for the GMAC and NMIMS. In case you write the exam thrice you need to apply to
NMIMS separately thrice. Thus you could easily fork out more than Rs. 11000 in
case you write the exam thrice.
Q 9) Is there an option to reschedule the test?
A) Yes, in case you want to, there is an
option to reschedule the test for Rs. 1000
Q 10) What are PGDM
and MBA in the form? Which one is good?
A) MBA is the programme at NMIMS Mumbai. PGDM’s are run out
of Bangalore and Hyderabad.
NMIMS Mumbai is a
top 20 programme. The PGDM’s are still new and upcoming programmes.
Q 11) Should one apply to PGDM now?
A) Unless you have very specific reasons to go to NMIMS
Bangalore or Hyderabad there is no need to apply now. The applications are
reopened later on and kept open for a long period of time. At
least that has been the trend in past years with no foreseeable change expected
Q 12) Which 4 other colleges should we choose to report our
scores to as we can report 5 scores for free?
A) Any. None of them feature in any top 30 list. We do not recommend
doing an MBA from a sub 30 institute.
Exercise your best judgement
Q 13) Is NMIMS, Mumbai expensive?
A) Yes, the academic fees ( which does not include accommodation
or food) is about 19 lakhs. Mumbai is an expensive city to live in. The
programme will set you back by a good 27
to 30 lakhs
Q 14) Should one still apply to NMIMS Mumbai?
A) Yes one should apply to NMIMS Mumbai. It has a legacy,
locational advantage, good professors, exposure and decent placements. However it should not be a
first choice B School.
Q 15) Why should it not be the first choice B School?
A) Every year I see some indolent imbeciles target NMIMS as
the first choice Business School as CAT is “too hard”. This is unwise
First, CAT has
become easier. Secondly CAT is accepted by at least 15 Business Schools as good
as or better than NMIMS thus ensuring greater chances of selection. Thirdly if
you aim for a top 5 institute you will be motivated to work hard. This would
ensure admission in at least a top 15 institute. When you begin with an institute ranked in the 15 to 20 bracket
you will relax and end up at a very mediocre place.
However do apply to NMIMS Mumbai. It remains an excellent college with a legacy of over 37 years.
For any queries comment below!