SPJIMR Scholarship 2026: Amount, Eligibility, Selection Criteria

Q: What is the maximum amount of scholarship given to students at SPJIMR under the MAF Scholarship?

A maximum scholarship amount ofINR 5lakhs is given to the deserving students of the PGDM program at SPJIMR under the MAF Scholarship scheme.

SPJIMR Mumbai Scholarships Details

The table below represents SPJIMR Mumbai scholarship details:

Name of Scholarship	Amount of Scholarship
MAF Scholarship at SPJIMR	INR 5 lakhs to two students each from the 1st and 2nd years of PGDM
Fellowship Programme Management	INR 40,000 per month (Coursework) + INR 42,000 per month (Post clearing qualifying exam) + INR 45,000 per month (Post successful defense of proposal) + INR 10,000 (House Rent Allowance)

Scholarships offered by SPJIMR Mumbai

SPJIMR Mumbai Merit-Based Financial Assistance

SPJIMR Mumbai offers financial assistance to needy participants of the 1st and 2nd years. The scholarships are offered based on an assessment of need, academic performance, and extracurricular activities.

The financial assistance is provided in the form of reimbursement of the tuition component of the PGDM and PGDM (BM) fee structure.

A panel evaluates the financial need of the participant, as well as authenticates all the details provided. Based on panel evaluations, applicants are provided partial or full financial assistance.

SPJIMR Mumbai Merit-Based Scholarships

SPJIMR Merit-based Scholarships are applicable for 2nd year participants in PGDM (BM) depending on their performance in the first year.

Scholarships are offered partially or fully based on the evaluation of students’ needs by the scholarship committee.

SPJIMR Mumbai Mirae Asset Foundation (MAF) Scholarship

Mirae Asset Foundation is an Indian charitable foundation that primarily works across several areas of educational development in India.

MAF Scholarship is instituted by the Mirae Asset Foundation to provide scholarships to meritorious and needy participants of the first and second year whose family income is less than INR 8 lakhs.

Every year two participants from PGDM 1^st and 2^nd years are awarded scholarships of INR 5 lakhs each.

The recipients of this scholarship are called Mirae Asset Scholars. Detailed guidelines are circulated among the prospective applicants after the commencement of the Programme.

FPM Scholarships at SPJIMR Mumbai

FPM at SPJIMR is a fully funded programme. SPJIMR offers 100% scholarships to deserving students during their entire duration of the FPM journey.

The details of the stipend provided to FPM students are as follows:

During the coursework phase: INR 40,000 per month
Post clearing the qualifying exam: INR 42,000 per month
Post successful defense of proposal: INR 45,000 per month

In addition, contingency grants and conference grants are also provided to students to help them access the necessary equipment and facilities for research.

Further, a house rent allowance (HRA) of INR 10,000 per month is also provided.

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SPJIMR Scholarships FAQs

Ques. What are the various types of scholarships offered at SPJIMR?

Ans. SPJIMR offers scholarships in the form of merit-based scholarships, merit-cum-means-based scholarships, scholarships for FPM students, etc.

Ques. What is the maximum amount of scholarship given to students at SPJIMR under the MAF Scholarship?

Ans. A maximum scholarship amount of INR 5 lakhs is given to the deserving students of the PGDM program at SPJIMR under the MAF Scholarship scheme.

Ques. What sort of scholarship is FPM at SPJIMR?

Ans. FPM at SPJIMR offers 100% scholarship to its students. The amount of scholarship is distributed into coursework, post-clearing exams, contingency and conference grants, etc. In addition, FPM scholars are also provided with HRA (house rent allowance).

Ques. Does SPJIMR offer scholarships for needy students as well?

Ans. Yes, there are special merit-cum-means-based and merit-based scholarships for deserving and needy students in SPJIMR.

Ques. Does SPJIMR offer scholarships to students enrolled in the PGDM (Online) program?

Ans. Yes, SPJIMR offers scholarships to students of the PGDM (Online) program under the Future Leader Scholar programme. Only a select few students with leadership potential are awarded a scholarship of INR 3 lakhs.

Ques. Are there 100% scholarships for FPM students?

Ans. Yes, deserving students from FPM courses at SPJIMR are given 100% scholarship assistance during their FPM journey.

SPJIMR Scholarships: Students' Opinion

AI-Generated Summary based on 45 Reviews

The college offers a variety of financial assistance options, including merit-cum-means based financial aid and merit-based awards. Scholarships are available primarily for financially disadvantaged and meritorious students, with some providing a 100% fee waiver for students scoring 96% or above in the Management Eligibility Test (MET). The tuition fees are around Rs 17.89 lakhs to Rs 20 lakhs, with the possibility of changes as decided by the college.

Loans up to Rs 20 lakhs can be obtained easily on a mortgage-free basis, with a typical moratorium period of 2 years. Additionally, fee concessions are available according to State Government guidelines. The fees, although high, are justified by the strong return on investment due to 100% placements, with an average package of Rs 26 lakhs and internships offered to all students.

By Collegedunia’s Personal AI