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Narsee Monjee Institute of Management Studies (NMIMS) has decided to merge its two focused-MBA programmes MBA (Banking) and MBA (Capital Markets) with its flagship MBA Program due to changing recruitment trends and the preference of aspirants to flagship MBA programme.
NMIMS introduced focused programs MBA Capital Markets, MBA Banking in 2005 and 2007 respectively for a closer collaboration between the industry and NMIMS.
“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," said Rajan Saxena, Vice Chancellor-NMIMS .
He said, the broad based flagship MBA program with electives across specialisations like marketing, finance, operations, strategy, IT, economics, HR among others will open wider way and more opportunities for students in the present market scenario.
In a statement, NMIMS said 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, nationalized 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 programs and modify its MBA General Management offerings.
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."
