Education

IIM Mumbai’s new MBA programmes cost less than other IIMs at Rs. 21 lakh – Times of India

By Marisa Laycock

The Indian Institute of Management (IIM) Mumbai on Monday, 16 October, held its first ever board meeting after the National Institute of Industrial Engineering (NITIE) received the IIM status earlier this year.
Overseen by Board of Governors, Chairman Shri Shashi Kiran Shetty, the institute disclosed its fee structure for its various Management programmes.
The institution has established its fee structure at Rs. 21 lakh, slightly under the fees imposed by IIMs in Ahmedabad at Rs. 31.5 lakh, Calcutta at Rs. 31 lakh and Bangalore at Rs. 24.5 lakh. The courses are scheduled to begin in the coming academic year of 2024-25.
Previously, the institute declared that admission to all MBA programs would hinge on the Common Admission Test (CAT). The CAT 2023 examination is planned for November 26, with results expected to be released in the second week of January 2024.
Programme-wise tentative eligibility details
General MBA

Eligibility Criteria Criteria Details
Bachelor’s Degree Marks At least 50% marks or equivalent CGPA.
Marks for SC, ST, and PwD Candidates 45% for SC, ST, and PwD candidates.
Degree Recognition Degree awarded by a univeRs.ity or educational institution recognized by the government.
Equivalent Qualification Recognition Equivalent qualification recognized by the Ministry of Education, Government of India.
Final-Year Students Eligibility Final-year students can apply if they meet the criteria and complete their exams before joining.
Common Admission Test (CAT) Requirement Applicants must take the Common Admission Test (CAT) by IIMs.
Application Fee Rs.. 2,000 for general category candidates, Rs.. 1,000 for SC/ST/PwD.

MBA (Sustainability Management) eligibility

Eligibility Criteria Criteria Details
Minimum Bachelor’s Degree Marks At least 50% marks or equivalent CGPA.
Marks for SC, ST, and PwD Candidates 45% for SC, ST, and PwD candidates.
Degree Recognition Degree awarded by a recognized institution.
Equivalent Qualification Recognition Equivalent qualification recognized by the Ministry of Education, Government of India.
Common Admission Test (CAT) Requirement Applicants must take the Common Admission Test (CAT) by IIMs.
Application Fee Rs.. 2,000 for general category candidates, Rs.. 1,000 for SC/ST/PwD.

MBA (Operations and Supply Chain Management) eligibility

Eligibility Criteria Criteria Details
Full-time Engineering/Technology Degree With 50% marks (45% for SC/ST/PwD).
Full-time Degree in Specific Disciplines With 50% marks (45% for SC/ST/PwD).
Final-Year Students Eligibility Final-year students can apply if they meet the criteria and complete their exams before joining.
Common Admission Test (CAT) Requirement Applicants must take the Common Admission Test (CAT) by IIMs.
Application Fee Rs.. 2,000 for general category candidates, Rs.. 1,000 for SC/ST/PwD.

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Marisa Laycock