SP Jain Institute of Management and Research Mumbai

What is the fee structure at SP Jain Institute of Management and Research Mumbai?

The fee structure at SP Jain Institute of Management and Research Mumbai (SPJIMR) for 2026 ranges from Rs. 10,000 for the four-year Fellow Programme in Management to Rs. 26,50,000 for the flagship two-year PGDM in Business Management. For the 2026-2027 academic year, the headline two-year PGDM (Business Management) programme fee is Rs. 26.5 Lakhs (Rs. 26,50,000) for the full duration, while the one-year Post Graduate Programme in Management (PGPM) for experienced candidates is listed at Rs. 22.66 Lakhs (Rs. 22,66,000).

These totals are programme fees that bundle tuition and basic hostel/accommodation at SPJIMR's Andheri West campus in Mumbai, but exclude mess/meal charges, travel and boarding incurred during internships or international immersions. The non-refundable application fee at SPJIMR is Rs. 2,000. Below, every SPJIMR programme is broken down course by course, year by year, with the scholarships that lower the effective cost.

Course-Wise Fee Structure (2026)

This table answers the most common SPJIMR question: what does each programme actually cost in full? It lists every flagship programme at SP Jain Institute of Management and Research Mumbai for the 2026 intake, with duration, the indicative tuition component, the principal other charges (hostel with meals and the Rs. 2,000 application fee), and the total programme fee. Read the "Total Fee" column as the all-in figure SPJIMR publishes for the complete programme; the "Other Charges" column shows what sits on top of, or within, that headline number so you can plan separately for living costs.

The clear takeaway for 2026 applicants is the wide spread: SPJIMR's two-year PGDM (Business Management) at Rs. 26,50,000 is among the costliest in India, the one-year PGPM at Rs. 22,66,000 suits candidates with 5+ years of experience who want a faster route, and the doctoral FPM at a nominal Rs. 10,000 is effectively funded. Note that hostel charges including meals are Rs. 1,30,000 at SPJIMR, and that the published PGDM total already factors in basic accommodation, so mess/food remains the main extra to budget.

Year-Wise Fee Changes

SPJIMR has raised its flagship PGDM (Business Management) fee for the 2026-2027 session. This table tracks the headline programme fee across recent intakes so applicants can see the direction and size of the hike at SP Jain Institute of Management and Research Mumbai. Read the "Total Programme Fee" column as the all-in figure SPJIMR published for that admission year; the change column shows the year-on-year movement for the two-year PGDM-BM.

The trend is a sharp step-up for 2026-2027: after holding near Rs. 22.5-22.66 Lakhs through 2024-2025 and 2025-2026, the SPJIMR PGDM-BM fee jumped to Rs. 26.5 Lakhs, an increase of roughly 17 percent. Applicants planning the 2026 intake should budget against the current Rs. 26,50,000 figure rather than older Rs. 22.66 Lakhs quotes, and remember SPJIMR flags all fees as indicative and subject to revision.

Scholarships & Fee Waivers at SP Jain Institute of Management and Research Mumbai

SPJIMR reduces the effective fee through need-based assistance and a named donor scholarship rather than blanket waivers. The institute offers merit-cum-means financial assistance to first and second-year PGDM participants, assessed on financial need, academic performance, extra-curricular activities and conduct, delivered as reimbursement of the tuition component of the fee. A separate merit-based scholarship rewards strong first-year performance, with a panel awarding partial or full assistance to second-year participants after verifying need and documentation.

The flagship named award at SP Jain Institute of Management and Research Mumbai is the MAF Scholarship, instituted by the Mirae Asset Foundation for meritorious and needy participants whose family income is below Rs. 8 Lakhs. Each year, two PGDM first-year and two second-year participants receive Rs. 5,00,000 each. Because these awards reimburse the tuition portion, a needy high-performer can shave several lakhs off the Rs. 26,50,000 PGDM total, materially lowering the net cost of studying at SPJIMR.