Narsee Monjee Institute of Management Studies, Mumbai, is private university and one of the best business schools in India, established in 1981. The college is affiliated to the university of Mumbai and approved by the AICTE. It has been awarded "Five Star" rating and "A" grade by the NAAC and UGC respectively. Citation needed NMIMS has also been awarded an "A" rating. The institute was granted "Deemed University" status by the UGC in 2003. Narsee Monjee Institute of Management Studies, Mumbai offers full-time MBA programme. Admission to MBA candidates must have 50% marks in aggregate and candidates will select for this course based on the entrance exam conducted by Maharashtra state (DTE) for MBA/MMS/PGDM courses. For PhD candidates must have minimum qualification Master degree. Selection is based on Entrance exam held by the university.