Indian Institute of Management Mumbai

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

The fee structure at Indian Institute of Management Mumbai for 2026 ranges from ₹2,85,000 for the doctoral PhD programme to ₹31,20,000 for the four-year BS in Digital Science and Business Management, with the flagship two-year MBA priced at ₹21,00,000 for the full course. In between sit the Executive MBA (PGDEx-VLFM) at ₹17,32,000 for two years. These are the core academic fees for general-category students at the Powai campus of IIM Mumbai (the institute formerly known as NITIE, renamed under the IIM Amendment Act 2023), and they exclude hostel and mess charges, which are billed separately. Because IIM Mumbai is a government-funded institute of national importance, its MBA fee of ₹21,00,000 remains among the more affordable in the top IIM bracket, where total fees often climb toward ₹25,00,000 and above.

The figures below are the published programme fees an aspirant should budget against. Across every programme the institute collects a refundable caution deposit (commonly around ₹50,000 for the MBA) that is returned after graduation, so the effective out-of-pocket cost is marginally lower than the gross figure. Treat the totals as the planning number and read on for the year-by-year breakdown, hostel costs and the waivers that can cut the bill substantially.

Course-Wise Fee Structure (2026)

The table below answers the single most common question for IIM Mumbai applicants: what does each programme actually cost end to end? It lists every major programme offered by Indian Institute of Management Mumbai, the duration in years, the indicative tuition component, the other charges (academic, infrastructure and the refundable caution deposit), and the total fee payable across the full course. Read the "Total Fee" column as the headline number to plan your finances, and remember these are general-category fees that exclude hostel and mess.

The key takeaway for 2026 is that the MBA at ₹21,00,000 is the programme most aspirants are budgeting for, while the four-year BS in Digital Science and Business Management is the costliest at ₹31,20,000 simply because it runs twice as long. The PhD is by far the lightest at ₹2,85,000 across five years, reflecting its research orientation and the fact that doctoral scholars are typically supported through fellowships and assistantships rather than treated as fee-paying students. Applicants should add roughly ₹60,000 to ₹1,00,000 per year for hostel and around ₹4,000 a month for mess on top of these academic totals.

Year-Wise Fee Changes

IIM Mumbai fees have moved sharply upward in recent admission cycles, so applicants comparing offers across years should not assume last year's figure still holds. The table below tracks the flagship MBA total fee across the 2024, 2025 and 2026 batches and shows the trend an aspirant needs to understand before planning a loan or savings. It answers the question "has IIM Mumbai increased its MBA fee?" with concrete year-on-year figures rather than a vague yes.

The clear trend is that IIM Mumbai pushed its MBA fee up steeply for the 2024-26 batch (a reported increase of more than ₹7,00,000, around 43%) and has since held the headline figure near ₹21,00,000 for 2025 and 2026. Several education portals indicate the 2026-28 cohort could climb toward ₹25,00,000, so prospective applicants should treat ₹21,00,000 as the verified planning baseline and budget a 10-20% cushion, since IIM fees are revised annually. Always confirm the exact figure on the official admission offer letter before committing.

Scholarships & Fee Waivers at Indian Institute of Management Mumbai

Indian Institute of Management Mumbai runs a need-based fee-waiver scheme that can cut the MBA tuition by 30% to 50%, alongside government scholarships for reserved categories and assistantships for research scholars. The institute does not award a single flat "merit scholarship"; instead, relief is tied mainly to family income and category, so the effective fee paid by a low-income student can be far below the ₹21,00,000 sticker price. The table below summarises the principal waivers and aid available at IIM Mumbai and the eligibility that unlocks each.

The practical takeaway is that a financially weaker MBA aspirant at IIM Mumbai with family income under ₹1,00,000 can have half the tuition waived under the Type 2 scheme, while SC and ST candidates within the ₹8,00,000 income ceiling can access central-government support that significantly reduces the net cost. To claim any waiver, applicants must submit verified income certificates and supporting documents during the admission process, so keep these ready. Research scholars on the PhD track benefit further from assistantships, which is why the doctoral programme's ₹2,85,000 fee is rarely paid in full out of pocket.