About College
The shortlist for Personal Interviews (PI) for the MBA program at IIM Mumbai has been announced. Additionally, the shortlists for PhD and Executive PhD admissions for the 2024 intake have also been released. The waitlist for the 7th batch of VLFM at IIM Mumbai has been made available. The MBA fees at IIM Mumbai have been set at INR 21 lakhs. In the Government Category of Top B-Schools, IIM Mumbai has secured the 8th rank according to IIRF 2024. The latest update reveals that the highest package and average package for placements at IIM Mumbai in 2024 were INR 51 LPA and INR 31 LPA, respectively.
IIM Mumbai (NITIE) is a prestigious postgraduate management institute situated in Powai, Mumbai. Recognised as one of India's Ivy-League B-Schools for the past five decades by MHRD, IIM Mumbai (NITIE) has earned consistent acclaim. Recently, it secured the 7th position in NIRF 2023 and the 8th position in IIRF 2024 in the Management Category. The flagship program offered by IIM Mumbai (NITIE) is the MBA. Admission to these programs is based on CAT scores, followed by group discussions and personal interviews. The CAT cutoff for IIM Mumbai (NITIE) stands at 85 percentile overall.
The MBA fees at IIM Mumbai (NITIE) amount to INR 21 Lakhs for the two-year program. In the batch of 2024, the average package at IIM Mumbai (NITIE) was recorded at INR 31 LPA, with the highest package offered reaching INR 51 LPA.
Below are some key highlights of IIM Mumbai (NITIE) :
- Establishment Year: 1963
- Campus Size: 67 acres
- Student Intake: 304
- MBA Fees: INR 21 Lakhs
- NIRF Ranking 2023: 7
- Number of Courses: 17
- Total Faculty: 52
- Scholarship:
- Financially weak students receive 30% to 50% tuition fee waiver.
- ST/SC candidates with an annual income below 4.5 lakh are exempted from tuition fees.
- Highest Package: INR 51 LPA (2024)
- Top Recruiters: Asian Paints, ICICI Bank, IDFC
The shortlist for Personal Interviews (PI) for the MBA program at IIM Mumbai has been announced. Additionally, the shortlists for PhD and Executive PhD admissions for the 2024 intake have also been released. The waitlist for the 7th batch of VLFM at IIM Mumbai has been made available. The MBA fees at IIM Mumbai have been set at INR 21 lakhs. In the Government Category of Top B-Schools, IIM Mumbai has secured the 8th rank according to IIRF 2024. The latest update reveals that the highest package and average package for placements at IIM Mumbai in 2024 were INR 51 LPA and INR 31 LPA, respectively.
IIM Mumbai (NITIE) is a prestigious postgraduate management institute situated in Powai, Mumbai. Recognised as one of India's Ivy-League B-Schools for the past five decades by MHRD, IIM Mumbai (NITIE) has earned consistent acclaim. Recently, it secured the 7th position in NIRF 2023 and the 8th position in IIRF 2024 in the Management Category. The flagship program offered by IIM Mumbai (NITIE) is the MBA. Admission to these programs is based on CAT scores, followed by group discussions and personal interviews. The CAT cutoff for IIM Mumbai (NITIE) stands at 85 percentile overall.
The MBA fees at IIM Mumbai (NITIE) amount to INR 21 Lakhs for the two-year program. In the batch of 2024, the average package at IIM Mumbai (NITIE) was recorded at INR 31 LPA, with the highest package offered reaching INR 51 LPA.
Below are some key highlights of IIM Mumbai (NITIE) :
- Establishment Year: 1963
- Campus Size: 67 acres
- Student Intake: 304
- MBA Fees: INR 21 Lakhs
- NIRF Ranking 2023: 7
- Number of Courses: 17
- Total Faculty: 52
- Scholarship:
- Financially weak students receive 30% to 50% tuition fee waiver.
- ST/SC candidates with an annual income below 4.5 lakh are exempted from tuition fees.
- Highest Package: INR 51 LPA (2024)
- Top Recruiters: Asian Paints, ICICI Bank, IDFC Bank, Bajaj Auto
IIM Mumbai Mumbai Ranking 2024
Indian Institute of Management Mumbai has been ranked 7th by NIRF 2023, among the top management institutes in India. The other ranking is mentioned below:
| Ranking Body | Year | Category | Rank |
|---|---|---|---|
| NIRF | 2023 | Management | 7 |
| IIRF | 2024 | Govt. B-School | 8 |
| IIRF | 2023 | Govt. B-School | 7 |
IIM Mumbai (NITIE) Courses for 2024
IIM Mumbai (NITIE) offers approximately 17 courses, including MBA, MBASM, MBAOSM, and PGDEX-VLFM. Here are the key details of these major courses:
MBA:
- Intake: 304
- Eligibility: Bachelor’s degree with 50% marks or students in their final year of examination.
- Selection Criteria: CAT Scores + Personal Interview + Academic Score + Work Experience + Gender Diversity
MBA-OSM:
- Eligibility: Bachelor’s degree in Engineering / Technology with 50% marks OR Full-time Degree in M.Sc (Mathematics / Statistics) or Dual Degree of 5 Years or BS/B.Tech of 4 Years OR Students in their Final Year of Examination.
- Selection Criteria: CAT Scores + Personal Interview + Academic Score + Work Experience + Gender Diversity
MBA-SM:
- Eligibility: Bachelor’s degree with 50% marks or students in their final year of examination.
- Selection Criteria: CAT Scores + Personal Interview + Academic Score + Work Experience + Gender Diversity
PGPEX-VLFM:
- Intake: 20
- Eligibility: Bachelor’s degree in Technology with first class and a minimum of 4 years of work experience.
- Selection Criteria: Leadership Profiling + Aptitude Test + Personal Interview + Statement of Purpose + Letters of Recommendation
IIM Mumbai (NITIE) Fees 2024
| Courses | Fees |
|---|---|
| MBA | INR 21,00,000 (2 years) |
| MBA (Operations and Supply Chain Management) | INR 17,03,000 (2 years) |
| MBA (Sustainability Management) | INR 20,48,000 (2 years) |
| PGPEX-VLFM | INR 16,32,000 (1 year) |
IIM Mumbai (NITIE) Admission 2024
The admission process for IIM Mumbai (NITIE) in 2024 will kick off with the commencement of CAT 2023 registrations.
The MBA admission process encompasses the following stages:
- Application Process: Interested candidates can enroll for the MBA program.
- Shortlisting: The applicants will undergo shortlisting based on their CAT scores and eligibility criteria.
- PI Process: Shortlisted candidates will be invited to the IIM Mumbai (NITIE) campus for Personal Interviews (PI).
- Final Selection: The ultimate selection is determined by the composite score, taking into account academic records, CAT score, relevant work experience, gender diversity, and performance in the PI process.
The following data represents the admission stats for the PGDIM batch of 2023-25:
| Category | No. of Candidates Selected IIM Mumbai MBA/ PGDIM | Candidates Selected for WAT/ PI | No. of Students with Final offer |
|---|---|---|---|
| General | 1653 | 861 | 381 |
| EWS | 166 | 53 | 55 |
| NC - OBC | 745 | 510 | 267 |
| SC | 402 | 258 | 139 |
| ST | 83 | 51 | 40 |
| PWD | 23 | 6 | NA |
| KM | 7 | 4 | - |
The statistics for the waitlist regarding admission into the PGDIM batch of 2023-25 are as follows:
| Category | No. of Students with Waitlist Offer |
|---|---|
| General | 381 |
| EWS | 55 |
| NC - OBC | 267 |
| SC | 139 |
| ST | 40 |
| PWD | NA |
The composition of the PGDIM batch for the years 2023-25 is as described below:
| Category | No. of Students |
|---|---|
| General | 121 |
| EWS | 14 |
| NC - OBC | 82 |
| SC | 46 |
| ST | 14 |
| PWD | NA |
IIM Mumbai Scholarship
- Indian Institute of Management Mumbai Scholarship includes GOI teaching assistantship of Rs.8000/- per month and a contingency grant of INR 5000/- per year for GATE qualifiers.
- SC/ST candidates can get financial help under the Government of India's scheme.
- UCC Ireland Meritorious Scholarship is available for Indian students.
- Dr Manmohan Singh Scholarship is available for economically weaker students.
- L&T Build India Scholarship is also available.
- Capital First MBA Scholarship and Pre Matric Scholarship are other scholarship options available to students at IIM Mumbai .
Alumni of IIM Mumbai
The NITIE Mumbai Alumni Association, which comprises more than 10,000 members, is responsible for connecting current NITIE Mumbai students with the institute's prominent alumni. The alumni association organises events and summits to support current students and distributes the NITIE Alumni Magazine, called Alumni.
Some of the institute's notable alumni are:
- A.S. Vishwanathan, Executive Director at SISL
- Akhilesh Tutleja, Director, Information Risk Management at KPMG
- Amit Doshi, VP Operations at Genpact
- Ashish Mendiratta, CEO & Co-founder at Advanchainge Pvt. Ltd.
- B. Murli, Head, Logistics in Castrol, India
- B Prasad Rao, Managing Director, Bharat Heavy Electricals Ltd.
- B. Ravi, CEO at ECE
- CG Kalu Sarkar, General Manager at Novartis
- Dev Bhattacharya, Group Executive President, BH Solar & Ecom at Aditya Birla Group
- G. Shiva, Vice President at Citibank N.A.
- K.K. Kaul, VP at Hawkins Cooker Ltd.
- K. Venugopal, President and CEO at GE Lighting India
- N. Sreekumar, VP at Apollo Tyres Ltd.
- R. Vasudevan, VP at ACC Ltd.
- Ram Bhagwat, Owner at One Consulting
- S. Balakrishna, GM at Sweets of Oman
- V.K. Garg, Vice President at Vardhman Special Steels
- Manoj Balgi, Sr. Manager Purchase at Britannia Industries Limited
IIM Mumbai Placement 2024
In 2024, there was an increase of more than 20% in the number of recruiters participating in placements at IIM Mumbai (NITIE). The average package at IIM Mumbai (NITIE) was INR 31 LPA, with the highest package reaching INR 51 LPA.
| Particulars | Placement Statistics 2024 |
|---|---|
| Highest Package | INR 51 LPA |
| Average Package | INR 31 LPA |
| Top Recruiters | Microsoft, Goldman Sachs and Pine Labs |
IIM Mumbai (NITIE) placement statistics for the last 4 years are mentioned in the table below:
| Year | Highest CTC | Average CTC |
|---|---|---|
| 2023 | INR 78.20 | INR 27.57 |
| 2022 | INR 49 LPA | INR 25.4 LPA |
| 2021 | INR 44 LPA | INR 19.50 LPA |
| 2020 | INR 58.24 LPA | INR 21.82 LPA |
Life at IIM Mumbai (NITIE)
The IIM Mumbai (NITIE) campus is outfitted with contemporary amenities, providing a conducive environment for academic and extracurricular activities. The classrooms are spacious and well-equipped with essential presentation facilities such as overhead projectors and screens. Additionally, there is an air-conditioned auditorium that serves as a venue for lectures, management film screenings, and executive development programs.
Accommodations for the PGP programs are available within the IIM Mumbai (NITIE) campus. The hostel rooms are comfortably furnished, featuring single occupancy and attached washrooms. Following a full day of classes, students have various options for leisure and relaxation, including sports like badminton, table tennis, basketball, volleyball, carrom, and cricket. The hostel's common room provides a space for students to unwind, complete with a music system, television, and reading materials.
IIM Mumbai Frequently Asked Questions
Q. What is the IIM Mumbai cutoff?
Ans. The Indian Institute of Management Mumbai CAT cut off indicates the minimum number of points or percentile that students must achieve in order to be admitted. Depending on the course, the highest cutoff is 97 percentile and the lowest is the 86 percentile. The IIM Mumbai PGDIM program cutoff was 97, and the PGDISEM program cutoff was usually above the 90 percentile.
Q. Is the XAT score accepted by IIM Mumbai?
Ans. IIM Mumbai admissions to MBA programs are based on candidates' CAT - Common Aptitude Test scores or percentiles. Candidates who have not passed the CAT will be ineligible for PG admissions. Management entrance exams such as XAT, MAT, and other examination scores will not be accepted.
Q. Are there any financial aid opportunities at IIM Mumbai?
Ans. According to the Ministry of Human Resource Development, all regular students admitted to the fellowship program will receive INR 25,000 during the first and second years of the programme, and INR 28,000 during the third and fourth years. Candidates should be aware that they can only receive a single stipend/scholarship/fee waiver; no other financial assistance will be provided after four years.
Q. How many seats are available in each course at IIM Mumbai?
Ans. The number of seats available varies by program and course. PGDIM and PGDISEM have 274 and 39 seats available, respectively. According to the NITIE admission procedure, 15% of the total seats are reserved for international candidates in each course.
Q. Is it worthwhile to attend IIM Mumbai?
Ans. If you want to work in management, you should attend IIM Mumbai rather than IIT. IIM Mumbai also has a better package and placement record than most IITs. If you want to work as a technical engineer in the technology industry, you should only attend the top three IITs.
Q. Does the IIM Mumbai accept Gate results?
Ans. NITIE Mumbai offers admissions to PG Diploma programs in Project Management, Manufacturing Management, and Industrial Engineering through valid GATE scores. Candidates who have passed the GATE will be eligible for admission to IIM Mumbai.
Q. Do academic grades play any role in summer placements at IIM Mumbai?
Ans. Some companies have HR policies that prioritise academics and personality. Some businesses have guidelines rather than strict HR policies. In this case, it is frequently up to the selection team's discretion to implement a process. The higher your grades, the better your chances of a smooth transition.
Q. Is IIM Mumbai good for MBA?
Ans. IIM Mumbai is a fantastic option, but it has a few flaws. The college offers excellent placements and faculty to its students.
Q. Does IIM Mumbai offer an executive MBA program?
Ans. IIM Mumbai has started a one-year full-time post-graduate program for executives in Visionary Leadership for Manufacturing (VLFM), PGPEX - VLFM jointly with IIT Delhi. The PGPEX-VLFM program incorporates technology, process, leadership, and management curriculum. This program is designed specifically for experienced engineers with 5 - 12 years of manufacturing experience.
Q. How are the placements in IIM Mumbai?
Ans. It has excellent placements and almost all students are placed. This year, the highest CTC was INR 78.20 LPA, while the average CTC was INR 27.57 LPA. This year's placement drive attracted 111 recruiters. EY, IDFC First, Bain & Co, ETLI, Landmark Group, Flipkart, and many more are among the top recruiters.
Q. How does IIM Mumbai provide financial assistance?
Ans. According to Ministry of Education guidelines, financial assistance is only available to regular full-time fellow candidates. To be eligible for financial assistance, the candidate must meet the following requirements:
- Master's degree or equivalent in Engineering/Technology obtained through GATE, preferably within the last five years.
Q. Are there any female reservations at IIM Mumbai?
Ans. No, there are no female reservations at IIM Mumbai. Reservations for other categories, such as Scheduled Caste/ Scheduled Tribe/ Other Backward Class (Non-Creamy)/ Person with Disability, are available at the college.
Q. Who are some of IIM Mumbai notable alumni?
Ans. IIM Mumbai has produced notable individuals who have achieved success in a variety of fields. K.G. Mohan, Vice President, IT of Hindustan Lever Ltd.; Palnitkar S.S., Associate Vice President of Godrej Industries Ltd.; Prince Azariah, CIO of Reliance Industries Ltd.; Bishnupada Sethi, Collector and District Magistrate of the Government of Orissa; K. K. Kaul, VP of Hawkins Cookers Ltd., and many others are among the notable alumni.
![Shailesh J. Mehta School of Management, IIT Bombay – [SJMSOM], Mumbai](https://www.pagalguy.com/wp-content/webp-express/webp-images/doc-root/wp-content/uploads/2018/10/E83AF4A782531C18.jpg.webp)
![Shailesh J. Mehta School of Management, IIT Bombay – [SJMSOM], Mumbai](https://www.pagalguy.com/wp-content/webp-express/webp-images/doc-root/wp-content/uploads/2018/10/B207B079076138D5.jpg.webp)
