Indian Institute of Technology Bombay
(IIT Bombay)Last Updated: Jun 08, 2026
Established
1958
Campus Size
550.00 Acres
Total Students
12,000
Faculty
680
Student-Faculty
18:1
IIT Bombay Fee Structure 2025-26 - Programme-wise Fees, Scholarships & Waivers
IIT Bombay, being a centrally funded government institution, offers highly subsidised tuition compared to private engineering colleges. The fee structure varies by programme level, with the Indian Government covering a significant portion of the actual cost of education. SC, ST, and PwD category students receive full tuition fee waivers under government policy.
Programme-wise Fee Structure (2025-26)
| Programme | Duration | Tuition (Total) | Est. Total Cost* |
|---|---|---|---|
| B.Tech | 4 Years | ₹8,00,000 | ₹10-12 Lakh |
| B.Des | 4 Years | ₹8,00,000 | ₹10-12 Lakh |
| B.S. (Research) | 4 Years | ₹8,00,000 | ₹10-12 Lakh |
| Dual Degree (B.Tech + M.Tech) | 5 Years | ₹10,00,000 | ₹13-15 Lakh |
| M.Tech | 2 Years | ₹2,00,000 | ₹3-4 Lakh |
| M.Sc | 2 Years | ₹1,50,000 | ₹2.5-3.5 Lakh |
| M.Des | 2 Years | ₹4,00,000 | ₹5-6 Lakh |
| MBA (SJMSOM) | 2 Years | ₹15,16,000 | ₹17-19 Lakh |
| PhD | 3-5 Years | ₹2,50,000 | Stipend covers costs |
*Estimated total cost includes tuition, hostel, mess charges, and other fees. Actual amounts may vary.
Annual Cost Breakdown (B.Tech - Approximate)
- Tuition Fee: ₹2,00,000/year (waived for SC/ST/PwD categories)
- Hostel & Establishment: ₹15,000-20,000/semester
- Mess Charges: ₹30,000-40,000/semester (actual consumption-based)
- Gymkhana & Other Fees: ₹5,000-10,000/semester
- Medical Insurance: ₹2,000-3,000/year
- One-time Charges: ₹5,000-10,000 (admission, library deposit, etc.)
Fee Waivers & Concessions
- SC/ST/PwD: Complete tuition fee waiver as per Government of India policy. Only nominal hostel and mess charges apply.
- EWS (Family income < ₹5 LPA): Full tuition fee waiver under the government's fee waiver scheme for economically weaker sections.
- Income ₹5-10 LPA: 2/3rd tuition fee waiver for families with annual income between ₹5 lakh and ₹10 lakh.
Scholarships at IIT Bombay
- Institute Merit-cum-Means Scholarship: For students with family income below ₹5 LPA; covers tuition and provides a monthly stipend.
- Institute Free Studentship: Tuition waiver for economically disadvantaged students based on family income criteria.
- Inspire Scholarship (DST): ₹80,000/year for top JEE Advanced rankers pursuing B.Tech in basic sciences or engineering.
- KVPY Scholarship: Available for B.S. students who qualified KVPY before its discontinuation.
- M.Tech/PhD Stipend: GATE-qualified M.Tech students receive ₹12,400/month; PhD scholars receive ₹31,000-35,000/month under MHRD fellowship.
- Corporate & Alumni Scholarships: Multiple endowment scholarships funded by alumni and corporate donors for meritorious and financially needy students.
Education Loan Options
- Vidyalakshmi Portal: Government-backed portal connecting students with education loan schemes from multiple banks.
- SBI Scholar Loan: Collateral-free up to ₹20 lakh for IIT students at concessional interest rates (~8.5-9.5%).
- Central Sector Interest Subsidy Scheme: Full interest subsidy during moratorium period for students with family income below ₹4.5 LPA.
Fees Structure at IIT Bombay
Lowest Fees
₹150,000
Highest Fees
₹1,516,000
Courses with Fees
54
| Course | Duration | Total Fees (Approx) | Fee Breakdown |
|---|---|---|---|
|
B.Tech Electrical Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Mechanical Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Civil Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Chemical Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Aerospace Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Computer Science and Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Metallurgical and Materials Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Energy Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Engineering Physics Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Environmental Science and Engineering Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.Tech Industrial Engineering and Operations Research Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
M.Tech Computer Science Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Electrical Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Mechanical Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Civil Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Chemical Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Aerospace Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Biotechnology Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Environmental Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Biomedical Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Metallurgical and Materials Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Energy Systems Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Systems and Control Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Educational Technology Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Naval Architecture and Offshore Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Geoinformatics and Natural Resources Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Geoexploration Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Process Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Corrosion Science and Engineering Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Technology and Development Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
M.Tech Industrial Engineering and Operations Research Full Time |
2 Years | ₹200,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹200,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
GATE Stipend (₹12,400/mo × 24)
Credit: ₹2,97,600
|
|
MBA Full Time |
2 Years | ₹1,516,000 |
Hostel (2 years)
₹70,000
Programme Fee (2 years)
₹1,516,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Physics Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Chemistry Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Mathematics Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Biotechnology Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Applied Geology Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Applied Geophysics Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Applied Statistics and Informatics Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Sc Operations Research Full Time |
2 Years | ₹150,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹150,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
B.Des Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
M.Des Animation Design Full Time |
2 Years | ₹400,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹400,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Des Communication Design Full Time |
2 Years | ₹400,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹400,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Des Industrial Design Full Time |
2 Years | ₹400,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹400,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Des Interaction Design Full Time |
2 Years | ₹400,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹400,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
M.Des Mobility and Vehicle Design Full Time |
2 Years | ₹400,000 |
Hostel (2 years)
₹70,000
Tuition Fee (2 years)
₹400,000
Medical Insurance (2 years)
₹5,000
Gymkhana & Activities (2 years)
₹30,000
Mess Charges (2 years, approx.)
₹140,000
|
|
B.S. (Research) Chemistry Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.S. (Research) Economics Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.S. (Research) Mathematics Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
B.S. (Research) Applied Geophysics Full Time |
4 Years | ₹800,000 |
Hostel (4 years)
₹140,000
One-time Charges
₹7,500
Tuition Fee (4 years)
₹800,000
Medical Insurance (4 years)
₹10,000
Gymkhana & Activities (4 years)
₹60,000
Mess Charges (4 years, approx.)
₹280,000
|
|
PhD Full Time |
5 Years | ₹250,000 |
Hostel
Provided (subsidised)
Contingency Grant
₹50,000-1,00,000/year
Tuition Fee (nominal)
₹250,000
Monthly Stipend (MHRD)
Credit: ₹31,000-35,000/month
|
|
Integrated PhD Full Time |
5 Years | ₹350,000 |
Hostel
Provided (subsidised)
Contingency Grant
₹50,000-1,00,000/year
Tuition Fee (nominal)
₹350,000
Monthly Stipend (MHRD)
Credit: ₹31,000-35,000/month (after coursework)
|
|
Dual Degree (B.Tech + M.Tech) Electrical Engineering Full Time |
5 Years | ₹1,000,000 |
Hostel (5 years)
₹175,000
Tuition Fee (5 years)
₹1,000,000
Medical Insurance (5 years)
₹12,500
Gymkhana & Activities (5 years)
₹75,000
Mess Charges (5 years, approx.)
₹350,000
|
|
Dual Degree (B.Tech + M.Tech) Energy Science and Engineering Full Time |
5 Years | ₹1,000,000 |
Hostel (5 years)
₹175,000
Tuition Fee (5 years)
₹1,000,000
Medical Insurance (5 years)
₹12,500
Gymkhana & Activities (5 years)
₹75,000
Mess Charges (5 years, approx.)
₹350,000
|
Frequently Asked Questions - IIT Bombay Fees
Q: What is the total cost of B.Tech at IIT Bombay for 4 years?
The total cost of a B.Tech at IIT Bombay is approximately ₹10-12 lakh for 4 years. This includes tuition (₹8,00,000), hostel (₹1,40,000), mess charges (₹2,80,000), gymkhana fees (₹60,000), medical insurance (₹10,000), and one-time charges (₹7,500). Actual costs may vary based on consumption-based mess charges.
Q: Is IIT Bombay fee waiver available for SC/ST students?
Yes, SC, ST, and PwD category students receive a complete tuition fee waiver at IIT Bombay as per Government of India policy. They only pay nominal hostel, mess, and activity charges (approximately ₹1-1.5 lakh/year). Students from EWS backgrounds (family income below ₹5 LPA) also receive full tuition fee waivers.
Q: How does IIT Bombay's fee compare with private engineering colleges?
IIT Bombay's B.Tech tuition of ₹2 lakh/year is significantly lower than most private colleges: BITS Pilani (₹5.98 lakh/year), VIT (₹2.80 lakh/year), Manipal (₹4.50 lakh/year), and SRM (₹3.50 lakh/year). When factoring in the ₹23.80 LPA average placement, IIT Bombay offers a ROI ratio of approximately 2x - among the highest for any engineering institution in India.
Q: What is the M.Tech fee at IIT Bombay?
M.Tech tuition at IIT Bombay is ₹2,00,000 for the full 2-year programme (₹1,00,000/year). Including hostel and mess, the total cost is approximately ₹3-4 lakh. However, GATE-qualified M.Tech students receive a monthly stipend of ₹12,400 from MHRD, which effectively covers most living expenses during the programme.
Q: What is the MBA fee at IIT Bombay SJMSOM?
The MBA (SJMSOM) programme at IIT Bombay costs ₹15,16,000 for 2 years. Including hostel and mess, the total cost is approximately ₹17-19 lakh. This is significantly lower than IIM-A (₹27.50L), IIM-B (₹26L), and ISB (₹42.50L). SJMSOM admits through CAT score followed by GD/PI, with an average placement package of ₹28-30 LPA.
Q: What scholarships are available at IIT Bombay?
Key scholarships include: Institute Merit-cum-Means Scholarship (for family income below ₹5 LPA - covers tuition + monthly stipend), Institute Free Studentship (tuition waiver), INSPIRE Scholarship (₹80,000/year for top JEE rankers), and multiple corporate/alumni endowment scholarships. PhD scholars receive ₹31,000-35,000/month MHRD fellowship. Over 30% of students receive some form of financial aid.
Q: Are education loans easy to get for IIT Bombay?
Yes, IIT Bombay students are considered low-risk borrowers by banks due to strong placement records. SBI Scholar Loan offers collateral-free loans up to ₹20 lakh at concessional rates (8.5-9.5%). The Central Sector Interest Subsidy Scheme provides full interest subsidy during the moratorium period for students with family income below ₹4.5 LPA. Most B.Tech graduates can repay their loan within 1-2 years of graduation.
Q: Do PhD students at IIT Bombay have to pay fees?
PhD students at IIT Bombay receive a monthly stipend of ₹31,000-35,000 under the MHRD fellowship (for GATE/UGC-NET qualified candidates). While the nominal tuition is ₹2,50,000 for the full programme, the monthly stipend effectively covers all expenses including tuition, hostel, mess, and living costs. Additionally, PhD scholars receive a contingency research grant for academic expenses.