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SPJIMR Scholarship 2025

Andheri West, MumbaiEstd 1981

#1 For MBA By IIRF 2025

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4.2

(45 Reviews)

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Collegedunia Team

Content Curator | Updated on - Aug 21, 2025

SPJIMR scholarships are merit-based. SPJIMR Mumbai offers scholarships to students enrolled in PGDM, PGDM (BM), and PGDM (Online) courses. Apart from these courses, the university also provides scholarships to students enrolled in the Fellowship Programme Management (FPM) and Global Management Programme (GMP).

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)

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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.

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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.

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.

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Why To Join SPJIMR - Reviews & Rating

4.2

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4(34%)

3(2%)

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Academic

4.5

Faculty

4.4

Infrastructure

4.2

Accommodation

3.9

Social Life

4.0

Placement

4.4

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Review guru

5.0Helpful

PGPM

Reviewed on Dec 20, 2024(Enrolled 2022)

IT is the best college I've ever experienced

Fees and Financial Aid:

The Fees of college was 100000 per year We may it in two installments The scholarship was of rs 50,000 which was to be submitted in the college and the rest 50,000 was of to be given by us The college is quite good to learn

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shilpi

4.9Helpful

PGPM

Reviewed on Nov 11, 2024(Enrolled 2023)

Genuine SPJIMR review

Fees and Financial Aid:

I need to pay fees in 2 installment within 2 months once course starts, the fees has increased from last year by ~ 2 lakhs the complete fees for PGPM program is 21.5 lakhs excluding international immersion. There is no scholarship program.

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Debraj Mitra

4.5Helpful

PGDM, Operation

Reviewed on May 24, 2023(Enrolled 2022)

SPJIMR PGDM(Operations) Review

Fees and Financial Aid:

Fees have to be paid for the whole year upfront. This will be informed at the start of the course and is fixed for the batch. The scholarship is available but not many qualify for it. Details can be checked on the website.

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SRIHARSHA KAKURU

5.0Helpful

PGDM, Marketing

Reviewed on Jan 28, 2022(Enrolled 2021)

SPJIMR- a dream come true

Fees and Financial Aid:

The cost to study is around 20L. It is 17L for the regular course and the hostel fees as it is a completely residential campus. There are various scholarships based on merit and means available. The autumn internships and finals placements are also really good and have been 100% for a couple of years now.

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Nidhi Mitra

4.5Helpful

PGDM, Finance

Reviewed on Jan 21, 2022(Enrolled 2021)

PGDM- AT BEST

Fees and Financial Aid:

Fees for the course is around 19 lacs that include the materials and modules provided by the institute in each trimester and also the library facilities for issuing any book or reference material at any time for preparation

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Haren Joshi

4.5Helpful

PGDM, Marketing

Reviewed on Jan 21, 2022(Enrolled 2021)

SP Jain: An MBA student's dream

Fees and Financial Aid:

The tuition expenses are INR 10,95,188. The college has the authority to change the fees on an annual basis. The overall fees is too high, however considering the placements, this money is money well spent since ROI is very good.

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VIJAY SHANKAR

4.4Helpful

PGDM, Marketing

Reviewed on Jan 20, 2022(Enrolled 2021)

SPJIMR Review

Fees and Financial Aid:

SPJIMR is one of the top management institutes in Maharashtra, and its fees are also quite high. The two-year PGDM fees are 20 lakh rupees, but the placements provide a good return on investment. Scholarships are available for both financially disadvantaged and meritorious students. The scholarships would provide you with a tuition fee reduction.

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Rajinder Singh

4.5Helpful

EPGP, General

Reviewed on Jan 19, 2022(Enrolled 2021)

SP Jain: The best college in Mumbai

Fees and Financial Aid:

Yes, with a charge structure of approx 1620000, the fee structure is rather hefty. Because it is a top management institution in India, you may obtain a loan from a bank on the basis of your call offer letter. The placements are great, so you shouldn't mind. The ROI is amongst the best in India.

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Anindya Mukherjee

4.3

PGDM, Information Management

Reviewed on Jun 23, 2021(Enrolled 2019)

My College Review

Fees and Financial Aid:

Fees structure at par with top B-schools and IIMs in India. Scholarships and financial assistance options present for the ones who are eligible as per policies. As of the companies visiting the campus for placements, top-notch companies, likes of Bain, BCG as well as top FMCG firms like P&G, Unilever, e-comm firms like Amazon and many more.

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Saumya Duggal

4.9Helpful

PGDM, Marketing

Reviewed on Apr 1, 2021(Enrolled 2018)

SPJIMR- One of the educational gems of India.

Fees and Financial Aid:

The fees are around Rs18 lakhs. However, it is subject to change. Students can avail of concession in fees as per rules and guidelines of the State Government. The qualifiers of the Management Entrance Exam are also offered fee waivers. Mortgage free loans are easily available.

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