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IIM Mumbai Courses & Fees Structure

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Sept 26, 2023 7:05PM IST

IIM Mumbai Fees and Courses

The IIM Mumbai courses are centred on industrial training and management, as well as its related branches. The PGDIE and PGDIM courses at IIM Mumbai are equivalent to M.Tech and MBA programmes, respectively. The IIM Mumbai fees structure along with the required eligibility criteria for their top courses are given in the table below.

IIM Mumbai Fees, Courses and Eligibility 2023

CourseFeesEligibility
PGDIERs 11.33 lakhCompleted graduation with a minimum of 60% marks. A valid score in the GATE exam.
PGDIMRs 14.63 lakhCompleted graduation with a minimum of 60% marks. A valid score in the CAT exam.
PGD-PMRs 12.53 lakhCompleted graduation with a minimum of 60% marks. A valid score in the CAT exam.
PGD-ISEMRs 14.63 lakhCompleted graduation with a minimum of 60% marks. A valid score in the CAT exam.
PGPEX-VLFMRs 12.50 lakhCompleted graduation with a minimum of 60% marks
PGDSMRs 14.63 lakhCompleted graduation with a minimum of 60% marks.
FPMRs 1.85 lakhN/A

Indian Institute of Management Mumbai, established in 1963, is a government management institute ranked 12th under the ‘Management’ category by the NIRF 2021. IIM Mumbai fees range from Rs 11.33 lakh to Rs 14.63 lakh, they also offer scholarships through various schemes like UCC Ireland Meritorious Scholarship for India, Dr Manmohan Singh Scholarship, L&T Build India Scholarship, Capital first MBA Scholarship, Pre Matric Scholarship, etc. IIM Mumbai courses include their flagship programs PGDIM and PGDIE along with other programs in business and management. 

These IIM Mumbai courses are updated to match the recent trends of the industry, making students familiar with the corporate world. The institute offers doctoral-level fellow programs as well which are recognised by the Ministry of Education as equivalent to PhD at any Indian university. IIM Mumbai placements have recorded a rate of 100% placement for its batch of 468 students during the 2022 placements. Reputed companies like HUL, PwC, Amazon, P&G and KPMG majorly recruited students from this batch.

  • Indian Institute of Management fees for PGDIE is Rs 5.66 lakh per year.
  • IIM fees for PGDIM is Rs 7.31 lakh per year.
  • IIM Mumbai fees for PGDSM is Rs 7.31 lakh per year.
  • Indian Institute of Management fees for PGPEX-VLFM is Rs 12.50 lakh for one year.
  • IIM fees for PGD-PM is Rs 6.26 lakh per year.
  • IIM Mumbai PGD-ISEM fees is Rs 7.31 lakh per year.
  • Indian Institute of Management FPM fees is Rs 92,500 per year.

Indian Institute of Management Mumbai Popular Courses and Fee Details

Candidates can check out the popular IIM Mumbai courses and fee details along with their specializations:

PGDIE (Post Graduate Diploma in Industrial Engineering)

It is a 2-year long course, with an intake of 240 students. IIM fees for PGDIE is Rs 11.33 lakh for 2 years. A valid score in the GATE exam is also required.

PGDIM (Post Graduate Diploma in Industrial Management)

It is a 2-year long course, with an intake of 300 students. IIM Mumbai fees for PGDIM is Rs 14.63 lakh for 2 years. A valid score in the CAT exam is also required.

PGDSM (Post Graduate Diploma in Sustainability Management)

It is a 2-year long course, with an intake of 38 students. Indian Institute of Management fees for PGDSM is Rs 14.63 lakh for 2 years.

PGPEX-VLFM

It is a 1 year-long course. Indian Institute of Management fees for PGPEX-VLFM (Post Graduate Program for Executives for Visionary Leadership for Manufacturing) is Rs 12.50 lakh for 1 year.

PGDPM (Post Graduate Diploma in Project Management)

It is a 2-year long course, with an intake of 60 students. IIM Mumbai fees for PGDPM is Rs 12.53 lakh for 2 years. A valid score in the GATE or GMAT exam is also required.

PGDISEM

It is a 2-year long course. IIM Mumbai PGDISEM (Post Graduate Diploma in Industrial Safety and Environmental Management) fees is Rs 14.63 lakh for 2 years. A valid score in the CAT exam is also required.

FPM (Fellow Program in Management)

It is a 2-year long course. Indian Institute of Management FPM (Fellow Program in Management) fees is Rs 1.85 lakh for 2 years. They offer 9 specializations to choose from.

Indian Institute of Management Mumbai Fee Payment Guidelines

Students can pay IIM Mumbai fees for their chosen courses by following the methods below:

  •  IIM Mumbai fees can be paid through Demand Draft in favour of IIM, Mumbai or online to SBI, Vihar Lake Branch, Mumbai-400087.
  • Here are the bank details: 
    • Bank Name: State Bank of India 
    • Account Name: IIM Main Account 
    • Current Account No. : 10007680096 
    • IFSC code: SBIN0009055 
    • Branch Name: IIM Vihar Lake 
    • Branch Code: 09055

Indian Institute of Management Mumbai Hostel Fee Structure

IIM Mumbai hostel fee structure is the same for both boys and girls. Students can check out the IIM Mumbai hostel fees given below.

IIM Hostel Fee details

Hostel FeesRs 60,000
Library FeesRs 5,000
Mess FeesRs 5,000
External ExpensesRs 12,000
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3 Courses are offered by IIM Mumbai (NITIE)

PGD

Total Intake: N/A

Annual Fees: 1,72,500 - 1,97,500

Study Mode: Regular

Duration: 2 Years

Exam Accepted: CAT, XAT

Average Fees: 1,82,500

  • Post Graduate Diploma in Industrial Engineering
  • Post Graduate Diploma in Industrial Management
  • Post Graduate Diploma In Industrial Safety & Environmental Management (PGDISEM)
  • Post Graduate Diploma in Manufacturing Management
  • Post Graduate Diploma in Project Management
PGPEx

Total Intake: N/A

Annual Fees: 12,50,000

Study Mode: Regular

Duration: 1 Years

Exam Accepted: N/A

Average Fees: 12,50,000

  • Post Graduate Program for Executive in Visionary Leaders For Manufacturing (VLFM)
PhD

Total Intake: N/A

Annual Fees: N/A

Study Mode: Regular

Duration: 2 Years

Exam Accepted: N/A

Average Fees: N/A

  • Fellowship program in Management

Related Questions

P

Priya Haldar, Student / Alumni

-Answered on Sept-18-2023

Dear Tushar Agrawal,

IIM Mumbai is one of the prestigious institution offering MBA. IIM Mumbai MBA fee is Rs 11,00,000- Rs 14,000,00 per annum. The fees may vary depending upon the programme type. The institute has a strong track record of placing its students in top companies across a variety of industries.IIM Mumbai highest package 2023 was at Rs 78.20 LPA, whereas the average package stood at Rs 25.27 LPA. More than 150 companies participated, and 129 offers were made at IIM Mumbai placements 2023. IIM Mumbai top recruiters are Accenture, Apple, Zepto, and Wipro.

B

Baljinder Dhaliwal, Student / Alumni

-Answered on July-07-2023
Dear aspirant Lovely Professional University (LPU) is a premier academic institution with world-class infrastructure and an outstanding placement record. LPU's Mittal School of Business is among the first 10 institutions in India to get ACBSP (USA) accreditation. LPU has got 47th National Institutional Ranking Framework (NIRF) Rankings 2022 among all govt and private universities in India. For admission to MBA at LPU, one should have at least a 55% score in graduation subject to qualifying LPUNEST or CAT or MAT or XAT or NMAT or CMAT. After qualifying for LPUNEST the applicant has to appear for an interview and qualify it. The candidate can get an exemption from LPUNEST if he/she has scored 80 Percentile or above in CAT or MAT or XAT or All India Rank up to 20000 in CMAT or 230 and above score in NMAT. LPU also provides scholarships on the basis of LPUNEST/ CAT/ MAT/ XAT/ NMAT/ CMAT score. LPU puts its best efforts into grooming the students to get good placements. The curriculum incorporates specific courses under the notion of Professional Enhancement Programmes (PEP) in which the students are prepared to crack the placement processes. PEP classes start right away from the first semester itself in form of Communication Skills and continue till the final semester. Exhaustive preparatory sessions are conducted before the placement drives of leading brands and major recruiters so that more students can secure good placement offers at dream packages. In 2022 96% of the MBA students of LPU have been placed with a maximum package of 18 lakh per annum and an average salary of 6.2 LPA. LPU alumni are placed with all these leading firms like Federal Bank, Trident Group, Colgate Palmolive, Phonepe, Marico Ltd., Ernst and Young, Accenture, Flipkart, Wipro, Hindustan Unilever, Godrej Consumer, McKinley & Rice, ITC Limited, Bajaj Allianz, MRF, Naukri, Rallis India, Ceat, Luminous Power Technologies, Voltas Beko, Unominda Group, Zoho, Kelloggs, Apollo Munich Health Insurance, Cavin Care, Moodys Analytics, WNS Global, Ocwen Financial, Redington, Transport Corporation of India, Crescendo Group, Outlook Group, Planet Spark, Hono HR, Lazzaro HR Solutions, Trell, etc. good luck

FAQs about IIM Mumbai (NITIE) Courses

What is the most popular course at NITIE , Mumbai ?

Management courses are the most popular courses opted by students at NITIE , Mumbai .

What are NITIE popular courses and fee details?

The NITIE Mumbai popular courses and fee details include : PGDIM with a course fee of INR 14.63 Lakh for 2 years, PGDIE with INR 11.33 Lakh for 2 years and PGPEX-VLFM with INR 12.50 Lakh for 1 year.

What is the eligibility criteria of NITIE courses?

The basic eligibility criteria for NITIE courses are 60% in graduation for all the PGD programs. Some courses require scores from certain entrance exams.

What is the NITIE fee structure?

National Institute of Industrial Engineering fee structure varies from INR 11.33 - 14.63 Lakh. Also they provide scholarships to deserving candidates as well.

What is NITIE Mumbai FPM fees and its offered specializations?

NITIE fees for FPM is INR 1.85 Lakh for 2 years. The specializations they offer are Production, Operations & Decision Sciences, HRM, Operation Management, Economics, Finance Management, Marketing Management, Project Management, Industrial Safety and Technology Management.

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