Which must one choose: M.Tech. from IIT Bombay or MBA from IIM Bangalore?

An MTech from IIT Bombay and an MBA from IIM Bangalore are two very different options. While one focuses on technological aspects the other focuses on managerial aspects. So before even dwelling on the worth of the courses individually you should self-analyze your inclinations and choose one path you are sure about. Jot down your short and long-term goals. What exactly are you willing to do in your life apart from earning money? Are you more inclined to the corporate world or are the technical elements that attract you more? Having clarity of goals and understanding of what you want from your life is the primary determining factor for choosing your college as well as course. Objectively, both courses offer a plethora of job prospects and you will gain a lot by choosing any of the two. But making a wise decision here is most important. Choosing an MBA just because it has good career prospects despite having an interest in technology is deluding yourself. You cannot attain success unless you are sincerely passionate about the field you are pursuing.

Which is better, NMIMS or IIT Mumbai for an MBA?

IIT Bombay provides an MBA program through the Shailesh J. Mehta School of Management (SJMSOM), Mumbai. The department has signed various MoUs foreign universities for student exchange programs. These universities include- Kellogg Graduate School of Management, University of Connecticut, Hoseo University, and BaaN Institute. Here is a comparison between IIT Bombay and NMIMS for their MBA programs- Particulars IIT Bombay MBA NMIMS MBA NIRF Management Ranking 2023 10 21 Highest Package INR 72 LPA INR 67.80 LPA Average Package INR 28.88 LPA INR 26.63 LPA Top Recruiters Amazon, EXL Analytics, Google, HCL Tech, Wipro, Deloitte USI, GEP, IBM Consulting, Nation with Namo, PwC US Advisory, Quintics, DBS Bank, Edelweiss Alternative Asset Advisors, Fullerton India, ICICI Bank, etc. Aditya Birla Capital, American Express, Goldman Sachs, Crisil, etc. Fees INR 8 Lakhs (total fee) INR 11.95 lakhs (Per annum) IIT Bombay offers a much more affordable MBA program, with better placements. Moreover, IIT Bombay is a highly reputed name with a strong industry connection. This makes IIT Bombay a better choice than NMIMS for an MBA.

After a B.Tech from an IIT, should one go for an MBA from IIT Bombay / Delhi or from newer IIMs like Kozhikode or Ranchi?

The answer to your question is objectively based solely on your inclinations. IITs might offer a better ROIthan IIMs. But had I been in your place I would have gone for the newer IIMs like Kozhikode or IIM Ranchi which is one of the fastest-growing IIMs. The reasons for taking this decision would have been Better opportunities in finance, marketing, and consulting domains. Better placement opportunities Better industry exposure The prestige of being a part of the IIM alumni network The IIM tag All these points make IIM a more tempting choice. Yet if you are tight on budget and just want to go for the Operations domain IIT will do fine for you.

IIT Bombay MBA : Fees 2025, Course Duration, Dates, Eligibility

Course Highlights	Details
duration	2 Years (Full Time)
course level	PG (Degree)
mode of study	On Campus
total fees	₹ 15.16 Lakhs
median package	₹ 26.73 Lakhs
eligibility	Graduation with 60% + CAT
entrance test	CAT

IIT Bombay MBA fees 2025 is ₹ 15.16 Lakhs for the entire course duration.

This includes a total tuition fee of ₹ 14.95 Lakhs, Caution Fees of ₹ 5,000, Other Fees of ₹ 15,500.
Candidates need to pay ₹ 7.68 Lakhs in the first year.
For SC/ST category students, the total fees is ₹ 7.16 Lakhs.

Earlier, MBA fees at IIT Bombay was ₹ 8.48 Lakhs (in 2024) for the entire course duration. This shows a fee increase of ₹ 6.67 Lakhs over the year.

Compare IIT Bombay MBA Fees with Similar Colleges

Students have an option to pursue MBA from similar colleges such as IIT Bombay, IIT Delhi, IIT Madras, IIT Kanpur. Similar to IIT Bombay, MBA at these group colleges is offered Full Time for a duration of 2 Years.

Comparing the course fees at these colleges, the total course fee at IIT Bombay is the highest with ₹ 15.16 Lakhs. This is followed by IIT Delhi with ₹ 12.4 Lakhs and IIT Madras with ₹ 11.62 Lakhs. Among these, IIT Kanpur has the lowest fee for MBA with ₹ 7.64 Lakhs.

College	MBA Total Fees
IIT Bombay	₹ 15.16 Lakhs
IIT Delhi	₹ 12.4 Lakhs
IIT Madras	₹ 11.62 Lakhs
IIT Kanpur	₹ 7.64 Lakhs

Fee Type	Total Amount (INR)
tuition fee	₹14.95 Lakhs
caution fee*	₹5,000
other fee	₹15,500
total academic fee	₹15.16 Lakhs
hostel fee	₹1.46 Lakhs
total fee	₹16.61 Lakhs

Events	Dates
CAT Exam Date	Nov 30, 2025

Events	Dates
CAT Admit Card	Nov 05, 2025
CAT Registration	Aug 01, 2025 - Sep 20, 2025
CAT 2025 Application Dates for Admission [MBA]	Aug 01, 2025 - Sep 13, 2025

Events	Dates
CAT Exam Date	Nov 30, 2025

Events	Dates
CAT Admit Card	Nov 05, 2025
CAT Registration	Aug 01, 2025 - Sep 20, 2025

Yearly Placement Package Comparison
Median Package	₹26.73 Lakhs	₹26.64 Lakhs	₹25.76 Lakhs

Yearly Students Placed
Student Admitted	114	115	148
Students Placed	111	115	114

4.4

(402 Verified Reviews)

Write a College Review

& Win Monthly Prizes Up to ₹1 Lakh/-*

5(82%)

4(14%)

3(2%)

2(3%)

1(0%)

Academic

4.5

Faculty

4.3

Infrastructure

4.6

Accommodation

4.2

Social Life

Placement

Most Popular Tags

Reset All Filter

Akash Kumar Singh

4.6Helpful

MBA, General

Reviewed on Jan 10, 2025(Enrolled 2024)

The Overall Experience at SJMSOM

Dislikes

There in no any fixed date for Exam, they release tentative dates.
The fees of SJMSOM is too much a middle class family can not afford.

Fees and Financial Aid:

you have to pay about 717650 in the first year for MBA(Finance). and as we now that MBA is of 2 years so that we have toh pay about 14.27 Lakhs. As one of my friend belongs to SC category so he have to pay only 6.4 Lakhs for the entire course.

Write a Colleges Review & Win Prizes Up to ₹1,00,000

VASHODIA CHAHAT RAJINDER

4.0Helpful

Reviewed on Feb 13, 2023(Enrolled 2022)

Life at SJMSOM

The fee structure can be found on the official website. One can take scholarship loans from banks present on campus. Scholarships are given to students who have a CGPA of more than 8 in Semester 1. Internship details can be found in the summer internship report which can be downloaded from the website.

Vinayak Nanda

5.0

Reviewed on Feb 8, 2023(Enrolled 2022)

MBA at SJMSOM

Fees were last hiked for the 2024 batch and overall it is nearly 1600000 for the whole course including the hostel. Food expense is extra and Mumbai life coats a little extra too. The scholarship is merit-based and backs provide loans as financial assistance for the institute.

Agarwal Nidhaan Nawalkishore

4.5Helpful

SJMSOM - IIT Bombay review

The current fee structure is 348200 per semester without mess and hostel fees. Including everything it costs around 16L for 2 years. The fees were hiked just a few years back and still, it is lower than the majority of the institutes. There are scholarship opportunities for about the top 20 candidates. Apart from this, you can opt for live projects and winter internships as well throughout your tenure.

Amartya Anand Thigale

4.9Helpful

Walking through the gate of school of management

Exam schedule too tentative

The fee hike was brutal, doubling the fees from the last batch to ours. This would be a case of large disagreement but the students are generally silent as the B.School market is highly competitive. I got no scholarship or stipend when on campus.

Rishika Jain

MBA Experience and Life at SJMSOM, IIT Bombay

Student Snaps:

The ROI of the institute is one of the best among the management institutes in the country. The fee hike is minimal. Other scholarships based on performance merit and loan assistance are available on campus.

Bhadekar Kalyani Kaustubh

SJMSOM- an MBA experience to cherish

There are several scholarships available based on need and merit. The details for the same are available on som.iitb.ac.in. There are several academic scholarships available for the best-performing students every semester.

Akanksha

4.4Helpful

Reviewed on Feb 4, 2023(Enrolled 2022)

SJMSOM

Likes

Academic Curriculum

Fee Structure: About 3.5-4L per semester. Financial Assistance - Various banks provide loans to students at competitive interest rates. Students can choose to apply for the same. Internship stipends can also help students assist their education

Bharti

4.3Helpful

SJMSOM’s Review

Fees are 1600000 including hostel fee and mess charges. There might be a slight increments in fees every year which will be updated on the website. People with reservations might avail of tuition fee waivers based on the category. I received No scholarship.

Anonymous

4.1Helpful

Reviewed on Feb 3, 2023(Enrolled 2022)

SJMSOM-complete insights of the Bschool

Fees structure is 363100 per semester which totals 14,52,000. Apart from this hostel and mess fees are roughly 55k per year. so the total estimated cost to study comes to around 16 lakhs. This year in 2022 only, there was a fee hike. earlier than this it was only 8-9 lakhs total tuition fees. But still, fees are less than comparative IIMs.

Do you think the data is wrong ? Report Here

Yearly Placement Package Comparison
Particulars	2024	2023	2022
Median Package	₹26.73 Lakhs	₹26.64 Lakhs	₹25.76 Lakhs

Particulars	IIT Bombay MBA	NMIMS MBA
NIRF Management Ranking 2023	10	21
Highest Package	INR 72 LPA	INR 67.80 LPA
Average Package	INR 28.88 LPA	INR 26.63 LPA
Top Recruiters	Amazon, EXL Analytics, Google, HCL Tech, Wipro, Deloitte USI, GEP, IBM Consulting, Nation with Namo, PwC US Advisory, Quintics, DBS Bank, Edelweiss Alternative Asset Advisors, Fullerton India, ICICI Bank, etc.	Aditya Birla Capital, American Express, Goldman Sachs, Crisil, etc.
Fees	INR 8 Lakhs (total fee)	INR 11.95 lakhs (Per annum)

Table of Contents

IIT Bombay Latest Updates and News