IIM Mumbai to Offer Three New MBA Courses from 2024, says Director; Check Details Here

New Delhi: NITIE Mumbai, now officially renamed as the Indian Institute of Management, Mumbai (IIM Mumbai), is now preparing to offer three new MBA courses, MBA General, MBA Sustainability, and MBA Operations and Supply Management, from the academic year 2024.

Informing about the new MBA Course, Professor Manoj Tiwari, Director of IIM Mumbai said, “Starting next academic year, students will be admitted to three different MBA programs through CAT, which determines admissions to IIMs”.

“The recognition as IIM Mumbai reinforces the institute’s commitment to academic excellence in various domains, including industrial engineering, engineering management, and management sciences”, he further added. 

Now functioning as IIM Mumbai, the institute aims to become the top three management institutes in the country. This goal will be achieved through various initiatives such as introducing new courses, improving overall infrastructure and collaborating with top institutes.

IIM Mumbai Likely to Increase Fee Structure of MBA Courses

As per Professor Manoj Tiwari, Director of IIM Mumbai, the fee structure of the IIM Mumbai MBA Program may increase, while the seat intake will remain the same with around 450–500 students per batch. The institute is also planning to develop its infrastructure to increase capacity. 

Informing about the fee structure, IIM Mumbai Director said, “We are trying to keep fees as low as possible compared to other IIMs in the country. The final decision will be taken after the discussion with the board of governors”. 

According to the IIM Act, the IIMs in India can charge the course fee as high as 85 % of the average package offered in IIM Placements. As of now, the average placement package offered to students of NITIE is INR 27.5 lakh.

Also Read: MBA Fees in India 2023: Structure, Government, in IIT, Low Fees, High Fees

Chairman of the Society and Board of Governors at NITIE, Shashi Kiran Shetty said, “The integration of NITIE into the IIM Act, 2017 is anticipated to bolster the institution’s commitment to fostering academic brilliance, continuous learning, and innovation, ultimately nurturing the leaders of tomorrow”.

Also Read:

• NITIE Mumbai CAT Cut Off: Check Expected Cut Off, Admission Process 2024-26, Seat Matrix

• NITIE and NSE Sign An MoU For Academic and Research Collaboration; Check Details Here

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