Having successfully launched its engineering programs in 2001, NMIT established its MBA program in 2004. It is affiliated to Visvesvaraya Technological University and is approved by AICTE. The program became a notable success within a short span of time. Today NMIT’s MBA program stands out amidst other MBA programs in quality of pedagogy, curriculum, learning environment, academic life, infrastructure and placement results. What clearly distinguishes NMIT’s program from others is the quality and diligence of faculty and administration in enhancing the students' learning experience. Starting with an intake of 40 students in 2004, the MBA program has now matured into a well-respected and well-received program with an approved intake of 120 students. We are proud of diversity in the student’s enrolments and faculty recruitments.

From the academic year, 2016 onwards, the department was granted autonomous status by Visvesvaraya Technological University.

During the first year of the MBA program, students learn the basic principles of business management and core courses in Marketing, Finance and Human Resources as well as Quantitative Techniques. During the second year of the program, students specialize in two areas that include Finance, Human Resources and Marketing. Between the third and fourth semesters, students embark on a project in their area of specialization and complete it in the fourth semester. Placement interviews commence at the end of the third semester.

In addition to the MBA program, the Department of Management Studies offers several additional programs such as SPSS, ISO Certification programs (IRCA approved), Six Sigma Certification programs (Govt. Of .India, Ministry of MSME approved), Aptitude and Soft-Skills sessions from T.I.M.E.S, FDPs, MDPs, EDPs and Workshops on current management topics. The department undertakes industry-sponsored research projects and consulting engagements. It offers industry specific and function specific programs at various stages in their professional career. It is an approved/recognized centre by Visvesvaraya Technological University, Belagavi and University of Mysore, Mysore for guidance of Ph.D scholars.

Apart from regular class room teaching and continuous evaluation of students, our faculty members are actively engaged in a wide-spectrum of activities ranging from student's mentoring, administrative tasks at the Departmental, Institutional and University levels, guiding Project Works, advising students in the conduct of extra-curricular and co-curricular activities, being in touch with the industry, communicating with the alumni, attending conferences, workshops, seminars, MDPs and FDPs, conducting FDPs and pursuing research with focused goals. In-house training programs for faculty and "Research Colloquium Series" are conducted regularly to enhance analytical skills of faculty and research scholars.