Indian Institute of Management Mumbai

What is Indian Institute of Management Mumbai?

Indian Institute of Management Mumbai (IIM Mumbai) is a government, autonomous Institute of National Importance located in Powai, Mumbai, Maharashtra, established in 1963 as the National Institute of Industrial Engineering (NITIE) and conferred full IIM status on 11 August 2023, making it the 21st IIM in India. It operates under the IIM Act and the Ministry of Education, Government of India, and is recognised by the UGC and AICTE. IIM Mumbai is best known for its flagship two-year MBA, its deep heritage in operations, supply chain and industrial management (carried over from its NITIE roots), and a top-tier NIRF Management Rank #6, which it has held for two consecutive years in 2024 and 2025.

Set on a roughly 63-67 acre lakeside campus in Powai, the institute combines decades of engineering-management pedigree with the IIM brand, offering programmes from a JEE-Main-based undergraduate B.Sc up to a doctoral PhD. The sections below lead with IIM Mumbai's real ranks, fees, seats and placement figures across 2024, 2025 and 2026 so aspirants can judge the institute on verified numbers rather than generalities.

Indian Institute of Management Mumbai Key Facts (2026)

The table below is a quick-reference snapshot answering the most common factual questions about IIM Mumbai in one place: when it was founded, what type of institute it is, who approves it, how large the campus is and where it stands in national rankings. Read the left column as the parameter and the right column as IIM Mumbai's specific detail. Use it as the factual baseline before diving into the course, fee and placement sections that follow.

The headline takeaway for 2026 is consistency: IIM Mumbai has held NIRF Management Rank #6 in both 2024 and 2025, signalling stable, top-tier standing despite the recent NITIE-to-IIM transition. Its government status and UGC/AICTE recognition mean degrees carry full national validity, while a 660-seat MBA intake makes it one of the larger flagship cohorts among premier IIMs.

Why Choose Indian Institute of Management Mumbai?

IIM Mumbai stands out for specific, verifiable strengths rather than reputation alone. Here is what sets it apart for the 2026 admission cycle:

• Consistent NIRF Management Rank #6: IIM Mumbai ranked #6 in NIRF Management 2025 with a score of 77.58, improving on its #6 score of 74.73 in 2024, placing it firmly among India's top six management institutes.
• Record-breaking 2026 placements: The 2024-2026 batch posted a highest domestic package of ₹71.40 LPA and a median of ₹34.50 LPA, with 502 offers secured and 99.40% of students placed across more than 200 recruiters.
• Strong top-percentile pay: In 2026, the top 10% of students averaged ₹47.50 LPA, the top 20% averaged ₹41.40 LPA, and even the top 50% averaged ₹34.50 LPA, showing depth of compensation well beyond the headline figure.
• Heritage in operations and supply chain: Built on six decades as NITIE, IIM Mumbai is recognised for operations, supply chain management and sustainability-focused management education, with consulting leading 2026 hiring at 123 offers and BFSI hiring up 33% year-on-year.
• Broad programme ladder: Few IIMs offer a JEE-Main-based four-year B.Sc in Digital Science and Business Management alongside the MBA, Executive MBA and PhD, giving school-leavers a direct undergraduate route into IIM Mumbai.
• Marquee recruiter base: Over 50 first-time companies joined more than 200 recruiters in 2026, with names such as Accenture Strategy, Amazon, Hindustan Unilever, ITC, P&G and Tata Administrative Services participating in the placement drive.

Courses, Fees & Rankings at a Glance

This section answers the question "what does IIM Mumbai teach, what does it cost, and how does it rank?" in one compact view. The table lists each flagship programme with its total indicative fee, duration, intake where known, the accepted entrance exam and IIM Mumbai's top national rank. Fees are the total programme fees as recorded for the current cycle; for course-level eligibility nuances and the latest cutoffs, refer to the detailed Courses and Admission tabs on this page. Read each row as one programme pathway from undergraduate to doctoral level.

The clear takeaway is that IIM Mumbai's flagship MBA, at ₹21,00,000 for two years with 660 seats, is its core offering, while the PhD at ₹2,85,000 is by far the most affordable route for research aspirants. The CAT-based MBA and the JEE-Main-based B.Sc give two very different entry points, both leading into the same NIRF #6-ranked institution. Candidates should match their stage (school-leaver, graduate, or working professional) to the right programme and confirm current-year fees on the detailed tabs.

Placement & Admission Snapshot

For the 2024-2026 batch, IIM Mumbai recorded a highest domestic package of ₹71.40 LPA and a median package of ₹34.50 LPA, with 502 offers and 99.40% of students placed; admission to the flagship MBA is entrance-based, primarily through a valid CAT score (GMAT also accepted). This makes IIM Mumbai a CAT-driven, merit-selected institute where strong percentiles plus the written test and interview stages determine entry.

The table below tracks IIM Mumbai's placement performance across 2026, 2025 and 2024 so you can see the trajectory rather than a single year. It answers "how much do IIM Mumbai graduates earn and how reliable are placements?" Read each row as one placement season, with packages, placement rate and recruiter participation side by side. Note that some metrics (such as average or median) are reported in some years and not others, reflecting how each batch's data was released.

The trend is strongly upward: IIM Mumbai's highest package jumped from ₹54.00 LPA in both 2024 and 2025 to ₹71.40 LPA in 2026, and the 2026 median of ₹34.50 LPA sits well above the 2024 median of ₹28.00 LPA. While 2024 and 2025 saw 100.00% placement, the 2026 figure of 99.40% reflects three students who opted out to pursue entrepreneurial ventures rather than any weakness in demand, with recruiter participation also rising from 180 companies in 2024 to over 200 in 2026. For applicants, this signals a deepening and broadening recruiter base, led by consulting (123 offers in 2026) and a 33% year-on-year jump in BFSI hiring.

Frequently Asked Questions: Indian Institute of Management Mumbai Overview 2026

Is Indian Institute of Management Mumbai good?

Yes, IIM Mumbai is among India's best management institutes, holding NIRF Management Rank #6 in both 2025 (score 77.58) and 2024 (score 74.73). It is a government Institute of National Importance, formerly NITIE, that became the 21st IIM in August 2023. Its 2026 placements, with a ₹71.40 LPA highest package and 99.40% placed across 200-plus recruiters, confirm strong industry demand and consistent top-six standing.

What is Indian Institute of Management Mumbai known for?

IIM Mumbai is best known for its flagship two-year MBA and its deep heritage in operations, supply chain and industrial management inherited from its NITIE origins (1963). It is recognised as a NIRF Management #6 institute and for strong consulting and BFSI recruitment, with consulting alone contributing 123 offers in the 2026 placement season and BFSI hiring rising 33% year-on-year on its Powai lakeside campus.

What courses does Indian Institute of Management Mumbai offer?

IIM Mumbai offers four main programmes: a two-year MBA (660 seats) via CAT/GMAT, a two-year Executive MBA (PGDEx-VLFM) for working professionals, a four-year B.Sc in Digital Science and Business Management via JEE Main, and a five-year PhD via CAT/GATE/GRE/GMAT/UGC-CSIR JRF. This ladder lets candidates enter at school-leaver, graduate, professional or doctoral level, all within the same NIRF #6-ranked institute.

What is the total fee at Indian Institute of Management Mumbai?

The flagship MBA at IIM Mumbai costs ₹21,00,000 in total for the two-year programme. The Executive MBA (PGDEx-VLFM) is ₹17,32,000, the four-year B.Sc in Digital Science and Business Management is ₹31,20,000, and the five-year PhD is the most affordable at ₹2,85,000. Aspirants should confirm the latest fee on the official source, as fees are revised periodically across admission cycles.

What is the NIRF and NAAC status of Indian Institute of Management Mumbai?

IIM Mumbai ranked #6 in the NIRF Management category in 2025 (score 77.58) and #6 in 2024 (score 74.73), holding the position for two consecutive years. As a government IIM established under the IIM Act and recognised by UGC and AICTE, it confers degrees of full national standing. For its current accreditation grade, applicants should refer to the official IIM Mumbai website.

What is the average package at Indian Institute of Management Mumbai?

In the 2024 batch, IIM Mumbai reported an average package of ₹29.44 LPA and a median of ₹28.00 LPA. For the 2024-2026 batch, the median rose to ₹34.50 LPA with a highest domestic package of ₹71.40 LPA, and the top 10% averaged ₹47.50 LPA. Across 2026 placements, 502 offers were made and 99.40% of students were placed, reflecting a steadily rising pay trajectory.

Is admission to Indian Institute of Management Mumbai merit or entrance based?

Admission to IIM Mumbai is entrance-based and merit-selected. The flagship MBA requires a bachelor's degree with at least 50% marks and a valid CAT score (GMAT also accepted), followed by the institute's selection stages. The B.Sc admits via JEE Main Paper-1, the PhD via CAT/GATE/GRE/GMAT/UGC-CSIR JRF, and the Executive MBA via relevant work experience, so every route hinges on a qualifying examination or professional eligibility.