IIM Mumbai Fees 2024 - Check All Courses Fees Structure, Scholarships and Financial Support

Following the traditions of its glorious former version, the NITIE(National Institute for Training in Industrial Engineering), IIM Mumbai strives to be an institute of excellence among the prestigious IIMs. With the commitment to create professionals who are skilled in diverse functional areas, this institute has a focus on Sustainability Management, Information Technology, Human Resources, Project Management, Marketing, Finance, Analytics, and Operations Management. With its strategic location, IIM Mumbai has the advantage of being in partnership with leading companies which comes in handy for practical insights and inputs from industry professionals from these companies along with the wealth of theoretical classroom knowledge of the esteemed IIM Mumbai faculty.

There are several programs provided by IIM Mumbai. Starting with the MBA program that consists of training the student with knowledge and developing skills that are relevant to management. Then there are specializations in the MBA program such as sustainability management and Operations & Supply Management. Then there is PGDEx - VLFM (Post Graduate Diploma for Executives - Visionary Leaders For Manufacturing) which trains management leaders for the manufacturing industry for its advancement.

Then there are two doctoral programs, one is regular and the other one is an executive. In the regular program, it is held residentially and the executive one is for working professionals. Then there is the Executive Education program, which is meant for those who want to upskill themselves, be able to have an added set of roles and rise up the corporate ladder.

IIM Mumbai Master of Business Administration (MBA) Fees

This two-year program is curated and designed in such a way that it expands the knowledge of the student through modules relevant to management and also develops skills that are required to solve real-time problems. The students are taught and mentored in such a way that they can flourish as leaders in the dynamic changing business environment that keeps evolving from time to time. The curriculum is set in such a way that it consists of a foundation in multiple core business areas. Along with that, there is a fine balance between theories of academics and practical insights of the industry in the curriculum for this management program. The total fee for the program is INR 21 Lakhs. It covers tuition fees, caution deposits, etc.

Fees Type	Amount (INR)
Gross Fees	21 Lakhs
Tuition Fees	14 Lakhs
Caution Deposit (refundable)	50K

NOTE: Mess charges and mess deposits are supposed to be paid by the student himself/herself.

The fee structure is the same in the MBA specializations which are Operations & Supply Chain Management and Sustainability Management.

The MBA (International Students) and its specialization program in Operations & Supply Chain Management are provided by IIM Mumbai for students who are foreign nationals, Non-resident Indians, dual citizenship card holders under Overseas Citizen of India(OCI), and Persons of Indian Origin cardholders. The program fee for this is USD 45000. The program fee includes tuition fees and course material. There are separate charges for hostel room rent.

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IIM Mumbai Executive MBA Fees

The Executive MBA program is an online MBA program for 2 years that deals with knowledge of management, business, and functional areas. Along with that, practical managerial skills are learned by the student and he/she also learns how to apply them. This program is carefully designed to suit the needs of a working executive and helps the students continue on their jobs. Skills such as team building and critical decision-making skills are learned by the students to equip them to handle challenging situations in a dynamic business environment. Student Also Search | IIM Mumbai Executive MBA!

There is also campus immersion where the student gets to experience the campus facilities and classroom sessions. This program is meant for those executives to develop managerial competencies required to take up higher management roles that have added responsibilities and are essential in the working of the organization. There are two ways to pay the fees, if the student is paying through the annual fees structure then he/she has to pay INR 15 Lakhs and if the student is paying through a module-wise fee structure then he/she has to pay INR 16 Lakhs.

The installment breakdown of the fees paid through the annual fees structure is given in the following-

Instalment No.	Amount (INR)
Booking Amount	1 Lakh
First Instalment	7.22 Lakhs
Second Instalment	6.78 Lakhs

The installment breakdown of the fees paid through the module-wise fee structure is given in the following-

Instalment No.	Amount (INR)
Booking Amount	1 Lakh
First Instalment	3.78 Lakhs
Second Instalment	3.94 Lakhs
Third Instalment	3.64 Lakhs
Fourth Instalment	3.64 Lakhs

IIM Mumbai PGDEx - VLFM (Post Graduate Diploma for Executives - Visionary Leaders For Manufacturing) Fees

This is a one-year full-time residential executive diploma program meant to mentor future management leaders for positions mid and senior-level positions who will make an impact strategically in industry areas such as Strategic Planning, Digital Transformation, Operations & Supply Chain Management, World Class Manufacturing, and Business Excellence. It is a collaborative course conducted by IIM Mumbai and IIT Delhi, together. This program’s pedagogy is based on peer learning that focuses on leadership, management, and manufacturing technology. The VLFM aspect of this course is meant to promote manufacturing leaders who are meant to contribute towards the advancement of the manufacturing industry along with leading through management. The total fee for this program is INR 16.32 Lakhs, out of which INR 11.07 Lakhs must be paid to IIM Mumbai and INR 5.25 Lakhs to be paid to IIT Delhi. The following table shows the fee structure of this program-

Type of Fees	To be paid to IIM Mumbai (INR)	To be paid to IIT Delhi (INR)
Tuition Fees for Modules 1,2 & 4	6.75 Lakhs
Tuition Fees for Module 3		5.25 Lakhs
Tuition Fees for Module 5	3 Lakhs
Hostel fees	75K
Caution Money Deposit (Refundable)	50K
Alumni Association (Membership & Contribution)	7K
Total Fees (INR 16.32 Lakhs)	11.07 Lakhs	5.25 Lakhs

IIM Mumbai Regular Ph.D. Program Fees

This program is meant for those who want to learn research skills & research in their desired areas of management, gain deeper knowledge in a particular chosen area, and develop teaching skills. The student gets to learn the techniques and methodologies required to carry out effective research. Along with that, there is a wide variety of areas in which the student can carry out research such as Sustainability Management, Finance, Organizational Behaviour & Human Resource Management, Operations and Supply Chain Management, Economics & Strategy, Marketing, and Analytics & Data Science. The students are provided financial assistance. 

Type of Fee	1st year (INR)	2nd year onwards per year till submission of thesis (INR)
Admission Fee	2K	NA
Tuition Fee	24K	24K
Facilities Charges	6K	6K
IIM Alumni Association (Membership and Contribution)	3K	-
Library Fee	1K	1K
Hostel Charges	24K	24K
Deposits	5K	NA
Total Fee	65K	55K

NOTE: An amount of INR 10K has to be paid by the student for the lifetime membership of IIM Mumbai Alumni Association after the defense. Read also: IIM Mumbai Doctoral Program (PhD)!

IIM Mumbai Executive Ph.D. Programme Fees

This program is meant for those who are working professionals from diverse professional backgrounds who want to pursue research, gain knowledge, and hone their teaching skills. This course provides the chance to continue their work and pursue this doctoral program parallelly. Along with that, there is a wide variety of areas in which the student can carry out research such as Sustainability Management, Finance, Organizational Behaviour & Human Resource Management, Operations and Supply Chain Management, Economics & Strategy, Marketing, and Analytics & Data Science. A certain amount of fee is charged annually which is INR 1.5 Lakhs.

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IIM Mumbai Executive Education Fees

IIM Mumbai offers executive education for professionals who want to keep updated with the latest developments and skills required to thrive in the dynamically evolving business environment. These programs are meant to add roles professionally which could lead to handling more complex roles and eventually a stepping stone towards a higher hierarchy in the corporate ladder or government jobs or similar organizations.

S.No	Program Name	Residential Fee (INR)	Non-Residential Fee (INR)
1	Becoming an Emotionally Intelligent and Mindful Leader	67.5K+18% GST	57.5K+18% GST
2	Executive MBA in Maritime Management, Logistics and Supply Chain	-	15 Lakhs*
3	PGPEx on Logistics and Operations Excellence through Digitization	-	8 Lakhs*(includes GST)
4	Executive Certificate Programme for ESG Professionals	-	1 Lakh* +GST (US$1250 for foreign nationals)
5	Executive Certificate Programme in Advanced Marketing Analytics & Management	-	1.5 Lakhs* + GST

*Residential or non-residential not specified.

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