IIM Mumbai fees for 2027 vary by program, with the listed fees ranging from INR 25 Lakhs to INR 31.20 Lakhs for the complete program duration, depending on the course. IIM Mumbai offers programs across Management, Executive Education, Undergraduate, and Doctoral studies, including MBA, MBA-OSCM, MBA-SM, PGDEx-VLFM, Regular PhD, BS in Digital Science and Business Management, and MBA-PGPEx.
- MBA fees are INR 25 Lakhs for the complete 2-year program, with an additional INR 50,000 refundable caution money deposit.
- PGDEx-VLFM fees total INR 16.32 Lakhs, including INR 11.07 Lakhs payable to IIM Mumbai and INR 5.25 Lakhs payable to IIT Delhi.
- Regular PhD fees are INR 65,000 in the first year and INR 55,000 from the second year onwards for scholars residing on campus. For scholars residing outside the campus, the fees are INR 41,000 in the first year and INR 31,000 from the second year onwards.
- BS fees are INR 31.20 Lakhs for the complete 4-year residential program.
Note: The fees mentioned above are based on the latest available fee structures and may be revised for the 2027 admission cycle. Candidates should check the latest official fee notification before applying.
IIM Mumbai MBA Fee 2027
IIM Mumbai charges a total program fee of INR 25 Lakhs for its two-year MBA programs, including MBA, MBA (Operations and Supply Chain Management), and MBA (Sustainability Management).
| Fee Component | Amount |
|---|---|
| Total Program Fee | INR 25 Lakhs |
| Refundable Caution Money Deposit | INR 50,000 |
- The INR 50,000 caution money deposit is refundable after successful completion of the program, subject to adjustment against any outstanding dues.
- Mess charges and mess deposit are separate from the program fee.
- Students are required to pay mess fees one year in advance as per institute norms.
As per the student discussion, a Reddit user compared the rising fees of IIM Mumbai across recent batches. The discussion mentioned fees of around INR 15 Lakhs for the 2023-25 batch, increasing to around INR 21-22 Lakhs for the 2024-26 batch, and INR 25.5 Lakhs for the 2026-28 batch. The user also highlighted the earlier batch’s fee-to-placement equation as having strong ROI, while discussing concerns over the subsequent fee increases.
Source: Reddit
IIM Mumbai PGDEx-VLFM Fees 2027
PGDEx-VLFM is a one-year full-time residential executive diploma program jointly conducted by IIM Mumbai and IIT Delhi. The program focuses on manufacturing leadership, operations, supply chain management, strategic planning, business excellence, and digital transformation, and is structured around three core pillars: Technology, Process, and Management.
| Fee Component | Payable at IIM Mumbai | Payable at IIT Delhi |
|---|---|---|
| Tuition Fee - Modules I, II & IV | INR 6.75 Lakhs | - |
| Tuition Fee - Module III | - | INR 5.25 Lakhs |
| Tuition Fee - Module V | INR 3 Lakhs | - |
| Hostel Charges | INR 75,000 | - |
| Refundable Caution Money Deposit | INR 50,000 | - |
| Alumni Association Fee | INR 7,000 | - |
| Total | INR 11.07 Lakhs | INR 5.25 Lakhs |
- International Trek expenses are not included in the program fee and are charged separately.
- The fee for Module III is decided by IIT Delhi.
Source: @iimmumbai.ac.in
PGDEx-VLFM Application Fee
- Indian Applicants: INR 3,500
- Foreign Applicants: USD 100
IIM Mumbai Regular PhD Fees 2027
IIM Mumbai Regular PhD fees vary depending on whether the scholar is residing on campus or outside the IIM Mumbai campus.
Regular PhD Fee Structure
| Fee Component | 1st Year | 2nd Year Onwards |
|---|---|---|
| Admission Fee | INR 2,000 | - |
| Tuition Fee | INR 24,000 | INR 24,000 |
| Facilities Charges | INR 6,000 | INR 6,000 |
| Hostel Charges | INR 24,000 | INR 24,000 |
| IIM Alumni Association Fee | INR 3,000 | - |
| Library Fee | INR 1,000 | INR 1,000 |
| Caution Money Deposit | INR 5,000 | - |
| Total Fees | INR 65,000 | INR 55,000 |
For scholars residing outside the IIM Mumbai campus:
| Fee Component | 1st Year | 2nd Year Onwards |
|---|---|---|
| Admission Fee | INR 2,000 | - |
| Tuition Fee | INR 24,000 | INR 24,000 |
| Facilities Charges | INR 6,000 | INR 6,000 |
| IIM Alumni Association Fee | INR 3,000 | - |
| Library Fee | INR 1,000 | INR 1,000 |
| Caution Money Deposit | INR 5,000 | - |
| Total Fees | INR 41,000 | INR 31,000 |
- Fees from the 2nd year onwards are payable at the beginning of each academic year until submission of the thesis.
- The INR 5,000 caution money deposit is refundable after adjusting any outstanding dues.
- Alumni Life Membership of INR 10,000 is payable after the thesis defense.
- Limited on-campus hostel accommodation is available, subject to institute norms. Eligible scholars who do not receive campus accommodation may be provided HRA at 30% of the monthly stipend, subject to applicable conditions.
- If a scholar discontinues the program or is terminated and the vacancy cannot be filled, the academic and annual charges paid may be forfeited, while the caution deposit is refundable after applicable deductions.
IIM Mumbai BS Fees 2027
BS in Digital Science and Business Management at IIM Mumbai is a four-year, full-time residential UG program designed to combine digital technologies with business and management education. The program is offered at the IIM Mumbai campus and focuses on preparing students for careers in the digital economy.
| Fee Component | Amount |
|---|---|
| 1st Year | INR 7.95 Lakhs |
| 2nd Year | INR 7.75 Lakhs |
| 3rd Year | INR 7.75 Lakhs |
| 4th Year | INR 7.75 Lakhs |
| Total Program Fee | INR 31.20 Lakhs |
IIM Mumbai BS Application Fee
- Candidates applying for the BS program have to pay a one-time registration fee of INR 2,000.
- For SC/ST/PwD candidates, the application fee is INR 1,000. The application fee is non-refundable and non-adjustable.
IIM Mumbai MBA-PGPEx Fees
MBA-PGPEx is a one-year postgraduate program for executives. The total program fee depends on the payment option chosen by the student:
- Annual payment: INR 15 Lakhs + applicable government taxes
- Module-wise payment: INR 16 Lakhs + applicable government taxes
The fee includes academic charges, facility charges, and a refundable caution money deposit of INR 50,000.
MBA-PGPEx Fee Payment Structure
Annual Fee Payment Structure - Total: INR 15 Lakhs
| Payment | Amount | Due Date |
|---|---|---|
| Seat Confirmation Fee | INR 1 Lakh | Before the admission deadline |
| First Instalment | INR 7.22 Lakhs | Before commencement of the program |
| Second Instalment | INR 6.78 Lakhs | Before commencement of the 2nd year of the program |
Note: Under the module-wise payment option, the program fee is INR 16 Lakhs, plus applicable government taxes. The fee is paid in instalments as per the module-wise payment schedule prescribed by IIM Mumbai.
Source: @iimmumbai.ac.in
IIM Mumbai Fees vs Other IIMs
Candidates comparing IIM Mumbai fees with other IIMs can refer to the table below for a comparison of program fees and placement packages.
| Institute | Total Fees | Highest Package | Average Package |
|---|---|---|---|
| IIM Mumbai | INR 25 Lakhs | INR 54 LPA | INR 30.11 LPA |
| IIM Rohtak | INR 18.7 Lakhs | INR 37.10 LPA | INR 20.03 LPA |
| IIM Shillong | INR 26.18 Lakhs | INR 71.50 LPA | INR 27.03 LPA |
| IIM Visakhapatnam | INR 23.58 Lakhs | INR 81.43 LPA | INR 15 LPA |
IIM Mumbai Withdrawal Policy
IIM Mumbai follows program-specific withdrawal and fee refund rules. Students must submit their withdrawal request within the suggested deadline and follow the procedure specified by the Institute.
- Withdrawal within the mentioned deadline is eligible for a refund as per program rules, after applicable deductions.
- Withdrawal after the deadline or commencement of classes is subject to program-specific refund rules.
- Application fees are non-refundable.
- Caution money deposits are refundable, subject to adjustment of outstanding dues.
IIM Mumbai MBA-PGPEx Refund Policy
For MBA-PGPEx, the refund depends on the amount of program fee paid and the stage of withdrawal:
| Fee Paid | Withdrawal After Commencement of Classes | Refund Amount |
|---|---|---|
| Full program fee of INR 15 Lakhs / INR 16 Lakhs | After commencement of classes | INR 50,000 |
| INR 7.50 Lakhs / INR 8 Lakhs | After commencement of classes | INR 25,000 |
| INR 1 Lakh seat confirmation fee | After the prescribed deadline | No refund |
IIM Mumbai Scholarships 2027
IIM Mumbai offers alumni-sponsored scholarships to eligible students, along with financial assistance for Regular PhD scholars. IIM Mumbai scholarship amount and eligibility criteria for student scholarships depend on the respective scheme.
| Financial Assistance / Scholarship | Eligibility / Basis | Benefit |
|---|---|---|
| Rangan Scholarship | Selected first-year students as per scholarship criteria | Scholarship assistance; amount as per applicable scheme |
| Madala Scholarship | Selected first-year students as per scholarship criteria | Scholarship assistance; amount as per applicable scheme |
| Singhal Scholarship | Selected first-year students as per scholarship criteria | Scholarship assistance; amount as per applicable scheme |
| Financial Assistance Scholarship | Selected students based on applicable criteria | Financial assistance; amount as per applicable scheme |
| International Conference Grant | Eligible Regular PhD scholars | Up to INR 2 Lakhs |
IIM Mumbai Fees FAQs
Ques. Is the mess fee included in the IIM Mumbai MBA fee?
Ans. No. Mess charges and the mess deposit are payable separately from the MBA program fee. MBA students are required to pay mess fees one year in advance as per institute norms.
Ques. Can I pay the IIM Mumbai program fee in instalments?
Ans. Yes. Some programs, such as MBA-PGPEx and MBA-PGPM, allow students to choose between annual and module-wise payment options.
Ques. Is the INR 1 Lakh seat confirmation fee an additional charge?
Ans. No. For programs such as MBA-PGPEx, the INR 1 Lakh seat confirmation amount is adjusted against the total program fee.
Ques. What happens if I withdraw from IIM Mumbai after classes begin?
Ans. The refund depends on the program and the amount already paid. For example, under MBA-PGPEx, candidates who withdraw after paying the full program fee receive INR 50,000, while those who paid the partial fee receive INR 25,000.
Ques. Does IIM Mumbai provide scholarships to MBA students?
Ans. IIM Mumbai has alumni-sponsored scholarships, including the Rangan, Madala, Singhal, and Financial Assistance Scholarships. The amount and eligibility depend on the respective scholarship scheme.
Ques. Is hostel accommodation included in IIM Mumbai fees?
Ans. Hostel charges depend on the program. For example, the Regular PhD fee structure includes hostel charges for scholars residing on campus, while MBA students have mess charges and deposits payable separately.
Ques. What happens to the fee if a Regular PhD scholar discontinues the program?
Ans. If a Regular PhD scholar discontinues or is terminated and the vacancy cannot be filled, the academic and annual charges paid may be forfeited. The caution money deposit is refunded after adjustment of applicable outstanding dues.
![MBA/PGDM | admission | 2024 | Narsee Monjee Institute of Management Studies - [NMIMS Deemed to be University]](https://img.collegedunia.com/public/college_data/images/logos/1506323004Logo.jpg?h=72&w=72&mode=stretch)
![MBA/PGDM | admission | 2024 | Indian Institute of Management - [IIMC]](https://img.collegedunia.com/public/college_data/images/logos/1488950580d2.png?h=72&w=72&mode=stretch)
Comments