IIM Mumbai Courses & Fees 2026

Mumbai, MaharashtraEstd 1963
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Vaibhav Kumar Singh

Content Strategist | Updated 3+ months ago

Indian Institute of Management Mumbai (IIM Mumbai), formerly known as NITIE Mumbai, is one of the prestigious B-schools in India. The institute offers MBA as its flagship program.

The total fees for MBA course is INR 25 Lakhs for batch 2026-28. IIM Mumbai also offers an Executive MBA program for mid-level executives, spanning a duration of one year. Executive PGP fees is INR 15 Lakhs (for one-time payment). The fees for the Executive PGP is INR 16.2 Lakhs in case candidates choose to pay fees in installments.

The college also offers a weekend MBA program in Wealth Management with total fees of INR 15 Lakhs in 2025. This course is open to candidates who have graduated with at least 60% marks and have work experience of at least 2 years. 

IIM Mumbai Top Courses & Fees 2026

IIM Mumbai offers admission to its various courses based on scores in national-level entrance exams, followed by a Personal Interview. The more detailed eligibility criteria for popular courses offered at the institute are tabulated below-

Course Eligibility Total Fees
MBA Graduation with 50% + CAT INR 25 Lakhs
PGPEX Graduation  INR 11.07 Lakhs
Fellowship Post Graduation INR 1.75 Lakhs -INR 4.85 Lakhs
MDP Graduation INR 26,250
Ph.D Post Graduation + UGC NET INR 1.75 Lakhs
Ph.D (Exec.) Post Graduation + UGC NET INR 1.75 Lakhs - INR 4.85 Lakhs
Exec. Certification Graduation INR 2 Lakhs
PGP Graduation INR 7.5 Lakhs
EMBA Graduation INR 16.2 lakhs

Table of Content

  1. IIM Mumbai MBA Fees 2026
  2. IIM Mumbai PGPEx Fees 2026
  3. IIM Mumbai PGDEx-VLFM Fees 2026
  4. IIM Mumbai MDP Fees 2026
  5. IIM Mumbai Ph.D Fees 2026
  6. IIM Mumbai Fees vs Other IIMs
  7. IIM Mumbai Scholarship
  8. IIM Mumbai FAQs

See what Prasad Gavande, a student of MBA (2024), has to say about Fees and Financial Aid at the institute

In his words: “There is no drastic change in fees, it is increased but at vey low amount, Total fee is 21 lac, there is scholarship by goverment, for the pepole who has income under 450000, Other people doesn't have any scholarship”. Read More

IIM Mumbai MBA Fees 2026

IIM Mumbai offers an MBA as its popular program in three different specializations, with Operations & Supply Chain Management as the preferred specialization. The fees is same for all different specializations offered at the institute. The more detailed fees for the MBA course in 2025 is given below-

Particular Values
Tuition Fees INR 17.5 Lakhs
Other Institutional Charges INR 7 Lakhs
Caution Deposit INR 50000
Total Fees INR 25 Lakhs

*Note:

  • The Caution Money Deposit will be refunded to the student on graduating from the Institute or it will be adjusted against the outstanding dues in respect of the student.
  • The Mess charges and Mess deposits will be paid by the students separately.

* Fees is refundable

Check other IIM Mumbai MBA course details in the table below:

MBA Course Eligibility
Operations & Supply Chain Management Graduation with 50% + CAT
General Graduation with 50% + CAT

Read More

Read More: IIM Mumbai MBA Brochure

IIM Mumbai PGPEx Fees 2026

The fees for PGPEX course during the academic session 2025-2026 is INR 15 Lakhs for the entire duration. The total fees for the PGPEx course sum up to INR 16 Lakhs if candidates have opted for installment payments.  IIM Mumbai PGPEX Detailed fee structure is as follows:

IIM Mumbai PGPEx Fees

IIM Mumbai PGDEx-VLFM Fees 2026

PGDEx–VLFM is a one-year full-time residential executive diploma program jointly conducted by IIM Mumbai and IIT Delhi. Candidates should have work experience between 4 and 10 years in order to be eligible for the admission process.  The total fees for the program for the complete duration is INR 16.32 Lakhs. More detailed fee structure of the program for the academic year 2025 is given below-

Particulars Payable at IIM Mumbai Payable at IIT Delhi
Tuition Fees (Module I, II & IV) INR 6,75,000 -
Tuition Fees (Module III) - INR 5,25,000
Tuition Fees (Module V) INR 3,00,000 -
Hostel Charges INR 75,000 -
Caution Money Deposit (Refundable) INR 50,000 -
Alumni Association (Membership and Contribution) INR 7,000 -
Total INR 11,07,000 INR 5,25,000

*Note: The costs pertaining to the International Trek are not encompassed within the fee and to be collected by IIM Mumbai upon commencement of the travel.

IIM Mumbai MDP Fees 2026

MDP program at IIM Mumbai is a short-term capability building program which is offered either on-campus as 2–5-day Offline programmes (OR) as Online programmes, wherein the virtual classes are spread over multiple days, not exceeding a duration of five weeks. IIM Mumbai MDP Detailed fee structure is as follows:

Fee Type Amount 
Tuition Fee INR 26,250
Total Fee INR 26,250

IIM Mumbai Ph.D Fees 2026

IIM Mumbai Ph.D 2025-2026 Fee is INR 1.75 Lakhs for the entire duration, with tuition fees of INR 1.75 Lakhs. IIM Mumbai Ph.D Detailed fee structure is as follows:

Fee Type Amount 
Tuition Fee INR 1.75 Lakhs
Total Fee INR 1.75 Lakhs

IIM Mumbai Ph.D. Fees

 Read More: IIM Mumbai Ph.D. Brochure

IIM Mumbai Fees for Other Courses 2026

IIM Mumbai fees for other PG, Doctorate, PG Diploma courses are as follows.

Course Eligibility Fees
Exec. Certification Graduation INR 2 Lakhs
PGP Graduation INR 7.5 Lakhs
EMBA Graduation INR 15 Lakhs
EPGP Graduation + IMAT INR 7.5 Lakhs

IIM Mumbai Fees vs Other IIMs

The following table shows a detailed comparison of IIM Mumbai, IIM Kozhikode, IIM Indore, and IIM Shillong based on ROI for the year 2025.

IIMs Total Fees (2025) Average Package ROI
IIM Mumbai INR 25 Lakhs INR 31.02 LPA ~147%
IIM Indore INR 21 Lakhs INR 29.57 LPA ~140%
IIM Kozhikode INR 23.5 Lakhs INR 28.05 LPA ~119%
IIM Shillong INR 26.18 Lakhs INR 26.44 LPA ~100%

IIM Mumbai Scholarship

IIM Mumbai offers scholarships for their students. Students can avail following scholarships during their academic years. The scholarships for UG and PG are mentioned below.

Scholarship Eligibility Amount
NSP (PM-USP) Yojana 80% in Class 12, AICTE recognized UG/PG courses, parental income ≤ INR 4.5 Lakhs INR 82,000 per annum
Must be in a regular course, maintain 50% marks and 75% attendance
National Scholarship for Postgraduate Studies (UGC) First-time PG students under 30 in UGC-recognized full-time programs INR 10,000 per year or INR 15,000 per month

IIM Mumbai Courses and Fees FAQs

Ques. What is the eligibility criteria for MBA at IIM Mumbai?

Ans.  For admission to the MBA course at IIM Mumbai, candidates must have passed a bachelor’s degree with a minimum of 50% marks. Apart from this, candidates need to secure a minimum cutoff percentile in CAT entrance exam in order to be eligible for the admission process at the institute.

Ques. What is the MBA fees at IIM Mumbai?

Ans. The MBA fees at IIM Mumbai is INR 21 Lakhs for the academic session 2025-27. The fees do not include hostel accommodation and mess charges. As per research, hostel fees for double-sharing rooms is INR 60,000 per year.

Ques. What is the PGPEX fees at IIM Mumbai?

Ans. The cost to pursue PGPEx courses at IIM Mumbai is around INR 15-16 Lakhs. The total fee for the candidates who opt for the Annual Fee Payment Structure is INR 15 Lakhs, while the candidates opting for the Module-wise Fee Payment Structure, the total fees sums to INR 16 Lakhs.

Ques. What is the eligibility criteria for Fellowship at IIM Mumbai?

Ans. Candidates with a Full-time Master's in Management, Economics, degree or Commerce, equivalent in Engineering/ Social Sciences, Life sciences Technology, and Pure Sciences with 60% aggregate marks (55% in case of SC/ST/PwD (Person with Disability) candidates) from a recognized University/ Institution can apply for the Fellowship program at IIM Mumbai.

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IIM Mumbai: 16 Answered Questions

Which course should I choose, NITIE Powai or IIT Bombay?

Sourav GoyalPGDPM from National Institute of Industrial Engineering

If you want a career in management then NITIE is the better choice. For a career in the technical sector, you should prefer IIT Bombay. 

Unlike IITs, you will get management job profiles through NITIE placements. It offers better salary packages compared to IITs. In 2022, students of NITIE received an average CTC of INR 25.41 LPA. The growth opportunities for NITIE graduates. You will get to work on the productivity management of companies. 

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How is the profile selection of a candidate done for PGDIM course in NITIE?

Sanskriti Muharjeestudied at National Institute of Industrial Engineering

For PGDIM, NITIE admission is based on CAT score and performance of students in GD and PI. According to the recent cutoff trends, the recruited score is around the 97 percentile. 

You need to have completed BE/B.Tech with 60% aggregate to be eligible for the course. For final selection, students are shortlisted based on academics, work experience, extra-curricular, etc. 

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What is your current package after the NITIE PG course?

Ankur Gargstudied Operations at National Institute of Industrial Engineering (2019)

According to the 2022 placement report, NITIE offers an average CTC of around INR 25.49 LPA. The highest CTC was INR 49 LPA. During 2021 placement drive, the average CTC was INR 19.5 LPA. Other than placements students also got internship offers. The average stipend was INR 1.53 lakhs. 

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Can we use last year's GATE score for NITIE Mumbai 3 PGD courses?

Subham Patrastudied at National Institute of Industrial Engineering (2018)

Yes, you can use last year’s GATE score for getting admission in 3 PGD courses at NITIE Mumbai. Your GATE score will be valid for the next 3 years. So, you can apply for NITIE, within that period, with the same GATE score. You won’t have to take GATE again within the next 3 years. 

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Which is the best course in NITIE Mumbai among PGDIE, PGDIM, PGDISEM, etc.?

Nitin VermaPost Graduate Diploma in Industrial Management, National Institute of Industrial Engineering (2021)

The most important thing you should know is which course will prove to be better for your career, rather than which is the best overall. As some of my friends are from NITIE Mumbai, I can give you a bit of information about PGDIE and PGDIM.

  • Both PGDIE and PGDIM are flagship courses of NITIE.
  • PGDIM is considered to be a management course, whereas PGDIE is a technical course.
  • PGDIE is a more M.Tech equivalent.
  • There are also certain differences between the course curriculum at PGDIE and PGDIM.
  • PGDIE has a batch size of 120. And PGDIM has a batch size of 250.
  • Admissions for PGDIE are done through GATE scores. For PGDIM, CAT scores are considered.
  • The placements of both the courses are good. Students of both these courses sit for placements by almost the same companies.

Therefore, it is suggested that you opt for the one that suits you the best. Ask yourself where your passion lies and will a management course or a technical course be beneficial for you.

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What rank do I need to get into the NITIE with a course in mechanical engineering under the general category?

Debdeep Majumder
Priyam NarsikarStudied at NITIE Mumbai (2019)

One of my friends from NITIE mentions that for the mechanical engineering course under the general category, there are different requirements of GATE score by the college for the admission process. 

  • For the general category, for any branch, the score of GATE is around 650. 
  • There is no branch preference given over any other branches.
  • There are different cut-offs for every year and it depends on a lot of factors. 
  • The factors include the average GATE scores of the students, the total no of received applications, and many others. 
  • The last and final selection depends on factors such as the 10th aggregate, 12th aggregate, graduation aggregate, GATE score, group discussion, and personal interview. 
  • There are different weights for every factor and after all the calculations with their respective weights are done, the final list is prepared.

The GATE score is quite difficult to say as there can be even a waiting list if there is a requirement for the same. Therefore, if a person gets the required minimum GATE score and performs well in the GD and PI round. Then there is a possibility of getting the call as the shifting in the waiting list is not predictable.

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Which type of courses are offered by the NITIE Mumbai through the GATE, MBA or MTech?

Shreya PalitPGDIM from National Institute of Industrial Engineering (2019)

I have friends who study at NITIE Mumbai, and these are the 5 different courses the institute offers:

  1. PGDIM (For Industrial Management)
  2. PGDISEM (For Industrial Safety and Environment Management)
  3. PGDIE (For Industrial Engineering)
  4. PGDPM (For Project Management)
  5. PGDMM (For Manufacturing Management)

Moreover, PGDIM and PGDISEM are equivalent to MBA and require you to appear in CAT exam to enroll in either of them.

Other than these few, PGDIE, PGDPM, and PGDMM are equivalent to M.Tech. The admissions are followed by considering the GATE scores which also helps make students eligible for the regular stipend provided by the government to several of these GATE qualifiers. 

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On assuming the salary package, after clearing the GATE, which is better to choose an MTech in IITs or a management course in NITIE?

Debdeep Majumder
Ashutosh PathakStudies CSE at IIT Kanpur (2020)

The salary package that you receive depends on the type of organization you are part of, and your discipline of study.

For instance, the trend of artificial intelligence is continually spiking, with several similar industrial aspects. So, opting for IOT and M.Tech in fields relevant to these can undeniably bring better opportunities and higher packages in top-tier firms like Microsoft, Oracle and others.

Pursuing a management course from NITIE can also offer large pay packages if you are securing positions in top consulting services or FMCG firms. 

However, comparing an M.Tech program of IIT with a management program of NITIE is not right. But, if you are talking about disciplines like Civil engineering, Mechanical engineering, or Chemical engineering, then choosing the management courses of NITIE instead, can grab you better opportunities. But then again, it depends upon how prepared and thorough you are with your academic credentials.

But don’t choose an institute solely based on its placement record. Choose the field that interests you instead. 

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What is the difference between NITIE and IIM in terms of courses, facilities, academics, placements, etc.?

Deepti GhoseStudied at National Institute of Industrial Engineering (2019)

Here are some of the facts that differentiate NITIE and IIMs. 

Course: 

  • NITIE: The course curriculum is more focused on Operations, Supply Chain Management, Strategy, Consulting, Data Analytics, and Organization Behaviour.
  • IIM: The course curriculum focuses on General Management. Few IIMs are famous for their particular Domains, for instance, IIM C is famous for Finance while IIM L is famous for Marketing.

Facilities: The facilities in NITIE are old IIMs are almost the same. Both NITIE and old IIMS are almost 50+ years old and are run by the MHRD.

Academics: The academic pressure is less at NITIE as compared to old IIMs except for a few courses.

Following are the placement statistics of NITIE and a few old IIMs.

Parameters NITIE IIM L IIM C
Highest CTC  INR 44 LPA INR 51 LPA INR 87.3 LPA
Average CTC  INR 20.8 LPA INR 26 LPA INR 28.7 LPA
Top recruiters EY, IDFC First, Bain & Co, ETLI, Landmark Group Deloitte, Paytm, Jio, Microsoft, PwC BCG, Kepler-Cannon, Goldman Sachs 

The job profiles that are offered at different campuses often differ on the specialty of the institute. NITIE receives some of the best profiles in Operations, SCM, and Consultancy.

For admission, the profile of the student plays a major role in the final selection. Campuses often look for specific profiles to fit in and it varies across different campuses. The CAT cutoff is more or less the same in the range of 98+% for NITIE and old IIMs.

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What course should I list as my 1st preference at NITIE Mumbai? (The options available are PGDMM, PGDPM, and PGDIE.)

Malabika GhoseMBA General Management & Post Graduation in Supply Chain and Operations Management, NITIE (2019)

NITIE offers 5 courses. These 5 courses are as follows. 

  1. Post Graduate Diploma in Industrial Engineering (PGDIE)- This is considered to be the Flagship program offered by NITIE. If you have studied mechanical/production/industrial engineering and are a graduate, it would be very easy for you to understand the curriculum of the course. 
  2. Post Graduate Diploma in Manufacturing Management (PGDM)- If you are a mechanical/production/industrial engineering graduate, you can easily understand this program's curriculum. Civil Engineering graduates are not eligible to apply for this program. 
  3. Post Graduate Diploma in Project Management (PGDPM)- This program would help you to get techno-managerial job opportunities in the industry. Students from any branch of engineering can apply for enrollment in this course.
  4. Post Graduate Diploma in Industrial Management (PGDIM)- This program is one of the oldest programs offered by NITIE and would help you in getting decent job roles in industries. 
  5. Post Graduate Diploma in Industrial Safety and Environment (PGDISE)- This program would help you nourish your interest in safety and sustainability. You will be shortlisted based on your CAT Scores. 

You can make your choice according to your interest. 

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