SP Jain Institute of Management and Research (SPJIMR), Mumbai Scholarships

SPJIMR Mumbai Scholarships 2025

1. Merit-cum-Means Based Financial Assistance

• Offered to first- and second-year PGDM/PGDM (BM) students.

• Awarded based on financial need, academic performance, extracurricular activities, and conduct.

• The assistance typically comes as partial or full tuition reimbursement.

• Applications open in July, after the program commences. A selection panel evaluates eligibility.

2. Mirae Asset Foundation (MAF) Scholarship

• Targeted at meritorious and needy students whose family income is under INR 8 lakhs per annum.

• Each year, two scholarships are awarded to students from either first or second year.

• Each scholarship is worth INR 5 lakhs.

3. Merit-Based Scholarship for International Exchange

• Available to second-year students selected for an international exchange program.

• To qualify, the student must rank within the top 30 in the batch (based on CGPA at the end of the first year).

• The award reimburses up to INR 2 lakhs, covering costs like:

  • Return travel from India

  • Visa and insurance fees

  • Lodging during the program

4. Fellowship Programme in Management (FPM) – Fully Funded

• The full-time FPM is fully-funded for all admitted scholars.

• Scholars receive monthly stipends throughout the program:

  • ₹40,000/month during coursework

  • ₹42,000/month after clearing the qualifying exam (CQE)

  • ₹45,000/month after successful thesis proposal defense

• Additional benefits include:

  • ₹70,000 contingency grant for laptops

  • ₹30,000/year (years 2–4) for research-related expenses

  • Conference grants for attending one domestic and one international conference over the program tenure

5. Other Academic/Merit-Based Scholarships

• In certain cases, scholarships are awarded at the time of admission based on academic excellence, entrance exam scores, and leadership credentials.

• These may not require a separate application.

SPJIMR Mumbai Scholarships at a Glance