Indian Institute of Management Mumbai

What is Indian Institute of Management Mumbai?

Indian Institute of Management Mumbai (IIM Mumbai) is a government business school and Institute of National Importance located in Powai, near Vihar Lake, Mumbai, Maharashtra. It was established in 1963 as the National Institute of Industrial Engineering (NITIE) with assistance from the United Nations Development Programme (UNDP) and the International Labour Organization (ILO), and was formally renamed and elevated to the 21st IIM under the IIM Act on 12 July 2023. Spread across a 67-acre green campus, IIM Mumbai is recognised by UGC and AICTE and is best known for its flagship MBA and its deep specialisation in Operations, Supply Chain and Sustainability Management - a legacy carried over from its NITIE industrial-engineering roots. In NIRF Management 2025 it ranks 6th in India, confirming its place among the country's elite B-schools.

Indian Institute of Management Mumbai Key Facts (2026)

The table below answers the single most common question aspirants ask first: what exactly is IIM Mumbai and what are its core institutional credentials? It consolidates the founding year, governance type, approvals, campus footprint, programme breadth and ranking status into one snapshot so you can verify the institute's legitimacy and scale at a glance. Read the left column as the parameter and the right column as IIM Mumbai's specific detail for 2026.

The takeaway for applicants is that IIM Mumbai combines a 60-year industrial-management heritage with brand-new IIM status, so it carries both established credibility and the upside of a fast-rising institute. Holding rank #6 across both NIRF 2024 and 2025 shows ranking stability rather than a one-year spike, which matters when you are committing two years and over Rs 21 lakh to a programme.

Why Choose Indian Institute of Management Mumbai?

IIM Mumbai stands out for reasons specific to this institute, not generic B-school selling points:

• Top-6 national rank, held steady: IIM Mumbai ranked #6 in NIRF Management in both 2025 (score 77.58) and 2024 (score 74.73), placing it among the top six management institutes in India.
• Specialised flagship MBAs: beyond the General Management MBA, it offers distinctive MBA tracks in Operations & Supply Chain Management and Sustainability Management - direct descendants of its NITIE industrial-engineering DNA, which few other IIMs match.
• Strong, rising placements: the highest package climbed to Rs 71.4 LPA in the 2026 placement season, up from Rs 54 LPA in both 2025 and 2024, with 99.40% of the batch placed in 2026 and 100% placed in 2024 and 2025.
• Blue-chip recruiters: 2026 recruiters included Accenture, McKinsey & Company, Amazon, Goldman Sachs, J.P. Morgan Chase, Hindustan Unilever, Microsoft and Nestle, with consulting the single largest hiring domain.
• Industry-facing executive education: the institute trains more than 2,000 working professionals every year through Management Development Programmes (MDPs) and offers the PGDEx-VLFM Executive MBA for experienced managers.

Courses, Fees & Rankings at a Glance

This section answers what you can study at IIM Mumbai, what it costs and how the institute ranks. The table summarises the flagship programmes with indicative total fees, duration and the institute's headline NIRF Management 2025 rank of #6, so you can compare entry routes side by side. Fees shown are total programme fees as recorded for IIM Mumbai; for detailed eligibility, intake and entrance cut-offs, see the dedicated Courses and Admissions tabs.

The clear takeaway is that the 2-year MBA at Rs 21 lakh is the flagship route most aspirants target, while the 4-year BS in Digital Science and Business Management is a unique early-entry undergraduate option admitting students directly via JEE Main Paper-1. The PhD, at just Rs 2.85 lakh in total fees, is by far the most affordable doorway into IIM Mumbai for research-minded candidates.

Placement & Admission Snapshot

IIM Mumbai recorded its highest-ever package of Rs 71.4 LPA in the 2026 placement season with 99.40% of the batch placed, and the headline admission route to its flagship MBA is a valid CAT score followed by the institute's selection process. The table below tracks the placement trend across 2026, 2025 and 2024 so you can see momentum year on year; the average column reflects the full-batch average officially recorded for that year (the 2024 batch average was Rs 29.44 LPA, while IIM Mumbai reported top-percentile averages rather than a single full-batch average for 2025 and 2026).

The trend is unmistakable: the highest package jumped 32% from Rs 54 LPA (2024 and 2025) to Rs 71.4 LPA in 2026, while placement rates stayed at or near 100% throughout. For an applicant, this means IIM Mumbai's brand is converting strongly with recruiters even in a cautious market. Admission to the MBA requires a Bachelor's degree with at least 50% marks and a valid CAT score (GMAT is also accepted), so the programme is firmly entrance-based, not merit-by-marks alone.

Frequently Asked Questions: Indian Institute of Management Mumbai Overview 2026

Is Indian Institute of Management Mumbai a good college?

Yes, IIM Mumbai is among India's top management institutes, ranked #6 in NIRF Management in both 2025 (score 77.58) and 2024 (score 74.73). As an Institute of National Importance under the IIM Act, it combines a 60-year NITIE heritage with new IIM status. Its 2026 placements delivered a record-high package of Rs 71.4 LPA and a 99.40% placement rate, with recruiters including McKinsey, Accenture, Amazon and Goldman Sachs, making it a strong choice for MBA aspirants.

What is Indian Institute of Management Mumbai known for?

IIM Mumbai is best known for its specialised MBA tracks in Operations & Supply Chain Management and Sustainability Management, alongside its General Management MBA. These specialisations stem from its origins as NITIE (founded 1963), India's premier industrial engineering institute. It is also recognised for training over 2,000 working professionals each year through Management Development Programmes and for its 67-acre campus in Powai, Mumbai.

What courses does Indian Institute of Management Mumbai offer?

IIM Mumbai offers a 2-year MBA (General Management, Operations & Supply Chain, and Sustainability Management), a 2-year Executive MBA (PGDEx-VLFM) for working professionals, a 4-year BS in Digital Science and Business Management admitted via JEE Main, and a 5-year PhD programme. It also runs postgraduate diplomas, unit-based programmes and Management Development Programmes for industry. The MBA, admitted through CAT, remains its flagship offering.

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

The total MBA fee at IIM Mumbai is approximately Rs 21,00,000 for the 2-year programme. The Executive MBA (PGDEx-VLFM) costs around Rs 17,32,000, the 4-year BS in Digital Science and Business Management is about Rs 31,20,000, and the 5-year PhD is the most affordable at roughly Rs 2,85,000 in total. Fees vary by programme, so confirm current figures on the official IIM Mumbai website before applying.

What is the NIRF ranking of Indian Institute of Management Mumbai?

IIM Mumbai is ranked #6 in the NIRF Management category in 2025 with a score of 77.58, and it also held rank #6 in 2024 with a score of 74.73. Holding the sixth position for two consecutive years places it firmly among the top six management institutes in India. As an IIM and Institute of National Importance, it is recognised by UGC and AICTE.

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

The 2024 batch at IIM Mumbai recorded a full-batch average package of Rs 29.44 LPA, while the highest package reached Rs 54 LPA. In the 2026 season, the highest package rose to a record Rs 71.4 LPA with 99.40% placement, and the top 50% of the batch averaged around Rs 34.5 LPA. Placement rates touched 100% in both 2024 and 2025, reflecting consistently strong recruiter demand.

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

Admission to IIM Mumbai's flagship MBA is entrance based, requiring a Bachelor's degree with at least 50% marks and a valid CAT score (GMAT is also accepted), followed by the institute's shortlisting and selection process. The 4-year BS programme admits students through JEE Main Paper-1, while the PhD accepts CAT, GATE, GRE, GMAT or UGC-CSIR JRF scores. So entrance exams, not board marks alone, drive admission across programmes.