SPJIMR Mumbai is popularly known for its PGDM and PGPM programs. The total fees, including the hostel charges for PGDM, is INR 26.5 Lakhs, and for PGPM is INR 22.66 Lakhs.
The institute provides separate hostels for male and female students, with rooms allotted on a double or triple-sharing basis. These air-conditioned hostels also include common rooms equipped with essential amenities.
Key Highlights of Top Courses at SPJIMR
| Course | Duration | Total Fees | Scholarships/Financial Aid | Notes |
|---|---|---|---|---|
| PGDM/PGDM (BM) | 2 years (Full-time residential) | INR 26.5 Lakhs (incl. tuition, basic hostel) | Merit-cum-need-based financial assistance (tuition reimbursement) Mirae Asset Foundation (MAF) Scholarship (INR 5 Lakhs each to 2 students per year with family income < INR 8 Lakhs) Merit-based for 2nd year of PGDM (BM) based on 1st year performance |
240 seats for PGDM & 120 seats for PGDM (BM) |
| PGPM | 18 months (Full-time residential) | INR 22.66 Lakhs (incl. tuition, basic hostel) | Not-specified | Min 3 years work experience required; Admissions are on a rolling basis |
| GMP | 12-24 months (6 months at SPJIMR + remaining abroad) | INR 8.7 Lakhs (for SP Jain campus) + remainder varies on partner school | Up to 70% scholarship for the partner-school portion of the program; Offered by partner universities, not directly by SPJIMR | Leads to international MBA/MS degree; partner schools in USA, UK, Europe, etc. |
| PGPGM | 2 years (on-campus weekend program) | INR 9.5 Lakhs | No scholarship offered, since this program is for working executives | Seat intake depends on the cohorts throughout the year; 4 years of work experience required |
| PGEMP | 21 months (Part-time on-campus) | INR 9.95 Lakhs | Not specified | Blended/Modular format for working professionals; 5 batches per year; 5 years of work experience required |
| PGPDM | 1 year (Part-time modular) | INR 1.5 Lakhs – INR 3 Lakhs | Limited scholarships available for deserving low-income candidates | Hybrid course with a blend of online sessions & compulsory on-campus residential contacts; 3 years of social sector experience required |
SPJIMR PGDM Fees 2026
SP Jain PGDM program, often referred to as SP Jain MBA program, is a 2-year full-time residential program. It is offered in two specialisations, namely:
- General (240 seats)
- Business Management (120 seats)
Candidates applying for PGDM General need to choose any two specialisations:
- Finance
- Information Management
- Marketing
- Operations & Supply Chain
The fee details are mentioned below:

“Contrary to popular belief, the BM curriculum at SPJIMR is not inferior. It actually includes more strategy subjects in the second year and gives you flexibility to choose specialisations.”
— Reddit user comparing PGDM and PGDM-BM course structures, highlighting perceived academic strength of BM
“In terms of course experience, SPJIMR’s curriculum feels more immersive and engaging. We do case studies, group work, live discussions, and real projects, not just lectures.”
— Aspirant comparing curriculum quality with other programmes, emphasising active learning on Reddit
Comparative ROI Analysis
Here is the comparison of MBA programs offered by top institutes based on their fees and average package:
| Institute | Total Fees | Average Package | ROI | Payback Period |
|---|---|---|---|---|
| SPJIMR | INR 26.5 Lakhs | INR 33.75 LPA | 1.27x | ~9.5 months |
| ISB Hyderabad | INR 38.67 Lakhs | INR 35 LPA | 0.91x | ~13 months |
| MDI Gurgaon | INR 26.55 Lakhs | INR 25.6 LPA | 0.96x | ~12.5 months |
| XLRI Jamshedpur | INR 30.6 Lakhs | INR 31.08 LPA | 1.02x | ~12 months |
| SIBM Pune | INR 25.28 Lakhs | INR 28.83 LPA | 1.14x | ~10.5 months |
| IIM Ahmedabad | INR 27.5 Lakhs | INR 35.5 LPA | 1.29x | ~9 months |
SPJIMR PGPM Fees 2026
SPJIMR offers PGPM as a full-time program of 18 months. The program is for professionals with 3 years of work experience.
The course comprises an online module for two months, an on-campus residential module spanning 12 months, and four months of start-up/social impact projects, as well as international immersion.
The fee details are mentioned below:

“Six months in, and it doesn’t feel like just classroom learning. You’re consulting for real family businesses and doing assignments, cases, and projects that make you think practically.”
— Student recounts workload and real-world application in SPJIMR PDGM/PGPM courses
“Always expected an MBA to be intense, but SPJIMR’s pace of curriculum is humbling, packed with assignments, case submissions, and plenty of academic energy all day long.”
— PGPM participant on the depth and pace of classroom and outside-class learning.
SPJIMR Fees 2026 for Other Courses
Besides, the institute also offers a full-time study abroad program and multiple executive programs in part-time mode. Hostels are not provided for executive courses. The details are mentioned below:
| Course | Duration | Fees | Admission Criteria |
|---|---|---|---|
| GMP | 12-24 Months | INR 8.7 Lakhs (6 months at SPJIMR) Around INR 25 to 97 lakhs (Depending on the partner school) |
CAT/GRE/GMAT/XAT/NMAT + Academic Record + Work Experience + Profile + Interview + LoR + SoP + Video Essays |
| PGEMP | 21 Months | INR 9.95 Lakhs | Executive Assessment/Test of Reasoning + GDPI |
| PGPGM | 2 Years | INR 9.5 Lakhs | CAT/MAT/GMAT/ATMA/CMAT/XAT + Academic Record + Case Analysis + Work Experience + Interview |
| PGPMBM | 13 Months | INR 4.69 Lakhs | Test of Reasoning* + Profile + PI |
| PGPDM | 12 Months | INR 1.5 Lakhs to INR 3 Lakhs | Profile (Essay) + PI (Online) |
| FPM | 4 to 5 Years | Fully-funded (INR 40- 45k monthly stipend) | CAT/GMAT/GRE/GATE/UGC-JRF/SPJ-RAT + Research Proposal + Academic Record + Work Experience + Profile + LoR + SoP + PI |
| MDPs | Flexible | Fees depend on Programme Duration, Cohort Size | Mid or senior-level working professionals |
| SYB | 4 Months | INR 1.12 Lakhs | Profile + SoP + Interview |
| LiFE | 6 Months | INR 75k | Graduate women over 30 years of age |
*While CAT, XAT, GMAT, GRE, or NMAT scores are not compulsory, applicants may submit them for consideration.
SPJIMR Scholarship
SPJIMR Mumbai offers need-based scholarships to PGDM students, taking into account their academic performance, extracurricular achievements, and overall conduct.
Additionally, the institute offers financial assistance to students enrolled in the GMP and FPM programs. The details of the SPJIMR scholarship schemes are outlined below:
Scholarship for PGDM Programs at SPJIMR
PGDM students are eligible for merit-cum-means-based financial assistance across both years, under which the entire tuition fee is reimbursed.
In addition to this support, the institute offers the Mirae Asset Foundation (MAF) Scholarship for PGDM students, along with a merit-based scholarship specifically for the PGDM (BM) program.
Under the MAF Scholarship scheme, students from families earning less than INR 8 lakh annually are eligible for financial support for both years of the program. Each year, two PGDM students from the first year and two from the second year receive scholarships of INR 5 lakh each.
Furthermore, the merit-based scholarship is offered exclusively to second-year PGDM (BM) students, subject to their academic performance in the first year. Based on the assessment, eligible students may receive partial or full financial assistance.
SPJIMR Courses & Fees FAQs
Ques. What components are included in the SPJIMR course fees, and what are the additional costs to plan for?
Ans. The total fees for SPJIMR programs like PGDM and PGPM typically include tuition, basic hostel accommodation, and academic materials. For example, the PGDM fee for Indian participants is INR 26.50 lakhs, which covers those core components.
However, students should plan for the following additional expenses:
- Mess/food costs (often separate)
- Travel and boarding expenses during internships or industry projects
- Optional international immersion costs (visas, airfare, lodging) — not included in base tuition for PGDM/PGPM.
So the true total cost over the program duration can be significantly more than the listed fee if you opt for GFT/Global Immersion. Many students budget an extra INR 3–INR 8+ lakh for these add-ons.
Ques. Are there installment options or financial support for fee payment at SPJIMR?
Ans. Yes, executive and part-time programs like PGEMP and PGPGM often offer installment payment options at SPJIMR.
Additionally, the institute provides scholarships and financial assistance in certain cases (e.g., merit-cum-need scholarships, women-specific awards, academic merit awards). For scholarships and eligibility details, check the specific program page on the official SPJIMR website.
Ques. Does SPJIMR offer a management quota or direct admission at higher fees?
Ans. No. SPJIMR does not have a management quota or pay-for-admission model. Admissions to flagship programs like PGDM are strictly merit-based (CAT/GMAT + profile + interview), and claims of direct seats at higher fees are not officially supported.
Ques. Is SPJIMR PGDM fee the same for Indian and International candidates?
Ans. No, international candidates generally pay a higher fee for the PGDM program than Indian participants. For example, recent figures indicate about INR 35.94 lakh for international participants versus INR 26.50 lakh for Indian candidates. This reflects additional international student services and regulatory costs.
Ques. Do all SPJIMR programs include international immersion (GFT/Exchange) in the fee?
Ans. No. For flagship programs like PGDM and PGPM, Global Fast Track (GFT) or International Exchange components are optional and are not included in the base tuition/fee figures published on the official site. These optional parts can add significant cost (travel, visa, lodging) if you choose to participate.
Ques. Does SPJIMR provide hostel facilities for PGPGM and other part-time management programs?
Ans. For weekend/part-time courses like PGPGM, campus accommodation at SPJIMR is not typically offered as part of the standard fee (which is around INR 9.5 lakhs over 2 years). However, hostel rooms may be available on weekends on a twin-sharing basis if available, usually at an additional cost.
Ques. Is there a deposit or security fee separate from tuition at SPJIMR?
Ans. Yes, when students accept the offer for programs like PGDM, they’re often required to pay an acceptance fee/deposit (e.g., ~INR 50,000). Some students on forums mention that this amount can be handled separately from tuition and may have specific refund terms if you withdraw before deadlines, so it’s important to check the offer letter terms carefully.


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