IIM Mumbai MBA Fees: Affordable Alternative to IIM Ahmedabad, Bangalore, and Calcutta
The Indian Institute of Management (IIM) Mumbai is transforming management education in India with its cost-effective MBA programmes. For the 2024–2025 academic year, IIM Mumbai is offering three MBA specialisations—MBA (General), MBA (Sustainability and Management), and MBA (Operations and Supply Chain Management)—each priced at ₹21 lakhs.
This uniform fee structure positions IIM Mumbai as one of the most affordable IIMs, especially when compared to IIM Ahmedabad (₹31.5 lakhs), IIM Calcutta (₹31 lakhs), and IIM Bangalore (₹24.5 lakhs).
IIM Mumbai MBA Fee Structure vs. Other IIMs
Unlike the older IIMs, which come with a heavier price tag, IIM Mumbai’s ₹21 lakh fee makes it a more affordable option without compromising quality. This move is expected to make higher education more accessible, attracting a wider pool of applicants who aspire to pursue an MBA from a premier institution.
| IIM Campus | MBA Fees (Approx.) |
|---|---|
| IIM Ahmedabad | ₹31.5 Lakhs |
| IIM Calcutta | ₹31 Lakhs |
| IIM Bangalore | ₹24.5 Lakhs |
| IIM Mumbai | ₹21 Lakhs |
Admission Process at IIM Mumbai
Just like other IIMs, admissions at IIM Mumbai will be based on CAT scores, which hold 55% weightage in the selection process. This ensures a fair and standardised evaluation for all applicants.
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MBA (General) and MBA (Sustainability and Management) are open to graduates from all academic backgrounds.
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MBA (Operations and Supply Chain Management) requires an engineering degree. However, eligibility has recently been expanded to include candidates from statistics and mathematics.
Transition from NITIE to IIM Mumbai
Before being granted IIM status, the institute was known as NITIE (National Institute of Industrial Engineering). Back then, it offered Post-Graduate Diploma (PGD) programmes in Industrial Engineering, Industrial Management, and Sustainability Management.
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Eligibility: Only engineering graduates were eligible.
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Tuition Fees: Around ₹7.5 lakhs.
With its transition to IIM Mumbai, the institute has become more inclusive and affordable, welcoming students from varied academic streams and backgrounds.
Leadership and Vision
The first board meeting of IIM Mumbai was attended by:
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Shashi Kiran Shetty, Chairman of the Board of Governors.
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Prof. Manoj Kumar Tiwari, Director of IIM Mumbai.
Both leaders emphasised the institute’s mission to provide accessible, high-quality management education, making IIM Mumbai a game-changer in the Indian MBA ecosystem.
Why Choose IIM Mumbai MBA?
✔ Affordable MBA fees compared to top IIMs.
✔ Diverse programme offerings to suit multiple career paths.
✔ Expanded eligibility for non-engineering backgrounds.
✔ Prestige of the IIM brand with focus on inclusivity and quality.
Final Thoughts
In today’s world, rising education costs often discourage talented students from pursuing their goals. However, IIM Mumbai is breaking this barrier by combining affordability with quality education. With its ₹21 lakh fee, diverse MBA programmes, and IIM reputation, it is quickly becoming a preferred choice for management aspirants.
Therefore, if you are preparing for CAT 2024, IIM Mumbai could provide the perfect blend of quality, affordability, and opportunity.
FAQs
Q1. What is the MBA fee at IIM Mumbai for 2024?
The fee for all three MBA programmes—General, Sustainability and Management, and Operations & Supply Chain Management—is ₹21 lakhs.
Q2. How do I get admission into IIM Mumbai?
You need to appear for CAT. CAT scores carry 55% weightage, while academic background, work experience, and personal interviews also play an important role.
Q3. Is IIM Mumbai more affordable than other IIMs?
Yes. IIM Mumbai’s fee is ₹21 lakhs, which is significantly lower compared to IIM Ahmedabad (₹31.5 lakhs), IIM Calcutta (₹31 lakhs), and IIM Bangalore (₹24.5 lakhs).
Q4. Who can apply for MBA at IIM Mumbai?
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MBA (General) and MBA (Sustainability & Management) are open to all graduates.
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MBA (Operations & Supply Chain) is open to engineering graduates and those from statistics or mathematics.
Q5. What was IIM Mumbai known as earlier?
It was formerly known as NITIE (National Institute of Industrial Engineering), which offered PGD programmes before transitioning into an IIM.
Also Read:
To gather further details about the MBA programme for the 2023-24 academic year, please visit the website: https://www.pagalguy.com/mba. If you are interested in pursuing an MBA in India and preparing for the CAT 2023 exam, we recommend joining the CAT Prep 2023 community on PaGaLGuY. here, you can access CAT previous years’ question papers with solutions, read student reviews of CAT 2022, and find valuable resources to aid in your CAT preparation.