NMIMS Forges Partnership with Australia's Prestigious Monash University: Enhances its Mission to Globalize Education

MUMBAI, India, Oct. 17, 2023 /PRNewswire/ -- SVKM's NMIMS, one of India's leading educational institutions, has signed an MoU with Australia's prestigious Monash University. The collaboration between the two universities is a step ahead in NMIMS' dedication to globalizing education and offering students a broader worldview. The partnership will benefit students studying in the BBA, B.Com. Hons, B.Sc. Economics, and B.Sc. Finance programs with a unique 1.5+1.5 feature giving the students a once-in-a-lifetime opportunity to study in India and Australia for one and a half years each.

Globalization of education has become imperative in today's interconnected world. It opens doors to diverse perspectives, cultures, and opportunities. The partnership reflects NMIMS's commitment to offering its students world-class educational opportunities. By collaborating with Monash University, NMIMS is providing its students with a global outlook as they immerse themselves in diverse surroundings and inclusive experiences. This exposure will help them to widen their horizons and become adaptable to the current job market, where international experience is highly valued.

This program is unique for being compact and allowing students to make a smooth transition from their semesters at NMIMS to those in Monash University, ensuring they graduate on the same schedule as if they had continued at NMIMS. Another salient feature of this collaboration is that students interested in pursuing a Master's degree at Monash can complete it in one year, considering they have already spent 1.5 years there. As a result, in four years, the students can earn both Bachelor's and Master's degrees from two acclaimed Universities.

With an array of subject options available and the flexibility that the Australian education system offers, students have the freedom to do their Master's in a field of their choice, regardless of their previous specialization. The program at Monash also allows students to pursue off-campus internships in domains of their choice. Moreover, by investing time in completing the Master's program , students get the opportunity to explore job opportunities in Australia, providing them with a multicultural work experience that is certain to enrich their perspective. 

Further, this MoU simplifies the process of seeking international education, making it accessible to all NMIMS students. This partnership reinforces NMIMS's mission to nurture well-rounded, globally aware individuals ready to take on the challenges of the future.

Dr. Sharad Mhaiskar, Pro Vice Chancellor of NMIMS said, "We are happy to collaborate with Monash University, an institution celebrated globally for its commitment to academic excellence. This partnership aligns perfectly with NMIMS' vision of providing our students with the finest education and preparing them to shine on the international stage. Our commitment to internationalization has never been stronger, and this partnership with Monash University marks a significant stride in our relentless pursuit of global excellence in education. This unique experience will enrich students' lives with diverse learning experiences."

Professor Michaela Rankin, Professor of Accounting and Deputy Dean of International Accreditation at the Monash Business School, expressed her pleasure at signing the MoU. She said, "I am pleased to sign an agreement between Monash University and NMIMS. This agreement will mean that we will provide plenty of opportunities for commerce, finance, and business students to be able to complete their education at both institutions. We are both some of the best institutions in commerce education in the world, and we are glad to be able to provide students with the opportunity to experience an education both in India and Australia."

About SVKM's NMIMS 

Established in 1981, NMIMS is today recognised as a globally reputed university with strong industry linkages. It offers multiple disciplines across eight campuses that consist of 17 specialised schools, more than 25,000 full-time students, and 800+ full-time faculty members, including ten faculty members with the Fulbright and Humboldt International Scholarship for post-doctoral researchers. Shri Vile Parle Kelavani Mandal (SVKM) laid the foundation stone of this esteemed university with the aim to cater to the rising demand for management education in the country. It is known for its consistent academic quality and research-focused approach to holistic education. SVKM's NMIMS has been granted Category-I University status by Graded Autonomy Regulation 2018 by MHRD/UGC, and NMIMS Mumbai Campus is NAAC accredited with A+ (CGPA of 3.59).