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

Powai, MumbaiAutonomous UniversityEstd 1958
#10 For MBA By NIRF 2023  
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IIT Bombay Latest Updates and News

03 Jun, 2025 IIT Bombay MBA Fee Structure 2025-2026 has been released. The total academic fee is ₹ 15.16 Lakhs

Master of Business Administration [MBA] 
first year fees:  ₹7,68,000
2 Years Full Time
(Based on 814 views last year)
49 Students have shown interest in the last 30 days

IIT Bombay MBA is offered as 2 Years Full Time program, with total intake of 152 seats. The minimum eligibility criteria for MBA is Graduation with 60% + CAT. The total fees for IIT Bombay MBA in 2025 is ₹ 15.16 Lakhs for the complete course duration, which includes total tuition fees of ₹ 14.95 Lakhs. Earlier, the fees in 2024 - 2025 for MBA was ₹ 8.48 Lakhs.

IIT Bombay Hostel Fee is ₹ 16,900.


Years (2025 - 2026)year 1year 2
Semester1234
Tuition fees₹373750₹373750₹373750₹373750
Admission fees₹9200---
Caution fee*₹5000---
library fees*₹5000---
miscellaneous fees₹1300---
Semester Wise Fees₹394250₹373750₹373750₹373750
Yearly Fees7.68 Lakhs7.47 Lakhs
View Other Fees Components
* Fees is refundable

Fees As Per Official Website-

Fees As Per Official Website

Collegedunia Team photo
Written By Collegedunia Team 

Course Description

MBA at IIT Bombay is a 2 Years Degree. The course is offered On Campus as a Full Time program. IIT Bombay MBA First Year Fees is INR 7,68,000 for 2025.

IIT Bombay offers a total of 152 seats for MBA . Candidates must have at least Graduation with 60% + CAT to be eligible for admissions. Admissions are offered based on CAT. Check IIT Bombay Admission 2025

IIT Bombay CAT Cutoff 2024 percentile is 90 for the General category. Further, the cutoff percentile is 81 for OBC category, 60 for SC category, Earlier, the CAT cutoff percentile 2023 was 90 for the General category.

According to NIRF Rankings 2023 for Management, IIT Bombay ranks 10 out of 125 in India. In Mumbai, the institute is ranked 2nd by NIRF. Earlier, the institute ranked 11 out of 125 institutes in India.

IIT Bombay MBA Fees 2025

Fees (2025 - 2026) Year 1 (in INR) Year 2 (in INR)
Semester 1 2 3 4
Tuition Fees 373750 373750 373750 373750
Admission Fees 9200 - - -
Caution Fee * 5000 - - -
Library Fees * 5000 - - -
Miscellaneous Fees 1300 - - -
Semester Wise Fees 394250 373750 373750 373750
Yearly Fees 768000 747500

* Fees is refundable

IIT Bombay MBA Previous Fees

Fees Year 1 (in INR) Year 2 (in INR)
Semester 1 2 3 4
Tuition Fees 200000 200000 200000 200000
Admission Fees 8750 - - -
Other Fee 17250 7350 7350 7350
Semester Wise Fees 226000 207350 207350 207350
Yearly Fees 433350 414700

* Fees is refundable

IIT Bombay MBA Admission 2025

The minimum eligibility for admission to MBA at IIT Bombay is Graduation with 60% + CAT. Candidates are allotted seats based on CAT.

You can check IIT Bombay MBA admission dates 2025 in the section below.

CAT Dates 2025

Events Dates
CAT 2025Exam Date Nov 30, 2025

IIT Bombay MBA Cutoff 2025

IIT Bombay MBA Cutoff 2025 has not been released yet. You can check the previous year CAT cutoff percentile for MBA admissions in the section below.

Categories (2024) Round 1
General 90
OBC 81
SC 60
ST 60
PwD 60

IIT Bombay MBA Cutoff 2023

Categories Round 1
General 90
OBC 81
SC 60
ST 60
PwD 60

IIT Bombay Ranking 2025

IIT Bombay ranking 2025 has not been released. You can check the agency wise previous year national ranking below.

Ranking Agency Latest Previous
Collegedunia.com
#10 out of 125 (2023)
#2nd Mumbai
#2 Maharashtra
#11 out of 125 (2022)
#2nd Mumbai
#2 Maharashtra

Also Check:

Eligibility Criteria

Graduation with a CAT-2023 score or a professional qualification equivalent to that of a University degree recognized by UGC, in any discipline with minimum 60% marks (55% for SC/ST/PD). Final-year students are also eligible to apply. Such candidates, if selected, will be admitted provisionally, provided they complete all requirements for the qualifying degree with minimum percentage and CGPA or its equivalent by the specified date that will be intimated later. The percentage will be considered based on aggregate marks/CGPA awarded in qualifying degree examination.

OR

(IIT graduates (admitted through IIT-JEE) with a CGPA of 7.0 or above on 10 point scale are exempted from the requirement of CAT 2023.

Course Details

IIT Bombay MBA Admissions 2024 are ongoing. The institute has released the shortlisted of selected candidates. IIT Bombay is among the top 10 bschools in the country as per the NIRF 2023 rankings 2023. IIT Bombay MBA Aspirants need to score atleast 98% marks in CAT to clear IIT Bombay Cutoff. Once the cutoff criteria is done, further selection will be based on Academic background, work experience, Personal Interview and Diversity like factors. MBA at IIT Bombay is offered via Shailesh J Mehta School of Management (SJMSOM) with a total seat intake of 152. For MBA Admission at IIT Bombay, applicants will be shortlisted on the basis of CAT scores and academic qualifications. Shortlisted candidates will be called for a personal interview for the final selection. Candidates can expect the CAT Cutoff to range between 90 and 100 percentile. 

SJMSOM IIT Bombay Placements 2023 has been concluded with 100% placements. The highest package stood at INR 54 LPA while the average package stood at INR 28.88 LPA. Recruiters like Accenture, Deloitte, EXL, HCL, PwC etc participated in the placement drive.

IIT Bombay MBA Eliigbility

  • Graduation Degree holder in any subject from a recognized University or Institution.
  • Minimum 60% marks secured in the qualifying examination.
  • Candidates belonging to SC/ST category should have a minimum of 55% marks secured in the final examination.
  • Appearing candidates can also apply for admission.
  • CA/ICWA with a first-class Bachelor’s degree in any discipline having secured 60% marks (55% in case of candidates belonging to SC/ST/PWD category) in aggregate.

IIT Bombay MBA Cut off 2024

Minimum Cut-off Percentile considered for shortlisting in DPI Round:

Category Quant VARC DILR Overall
General / EWS 75 75 75 90
NC-OBC 67.5 67.5 67.5 81
SC 50 50 50 60
ST 50 50 50 60
PWD 50 50 50 60

Read More: IIT Bombay Cut off

Candidates applying for IIT Bombay MBA admission need to be clear about the selection criteria. The selection will be based on the aggregate score of 2 phases:

  • First Phase: Shortlisting of candidates for the DPI round, based on the CAT 2023 scores.
  • Second Phase: Candidates who qualify the DPI round will be called for counselling at IIT Bombay.

Phase 1: At stage 1, the candidates are shortlisted for the PI round based on CAT cut off percentile and composite score set by the institute. The candidates eligible for the stage 2 are called for the PI round.

Note: The actual section-wise and overall percentile of a short-listed candidate may be higher than the above-mentioned minimum percentile.

The shortlist of candidates selected for this stage will be based on the candidate's composite score of different parameters whose weightages are as mentioned below.

Parameters and Weightage for Phase 1

Parameters Weightage
Performance in CAT 2023 70%
Class XII 5%
Graduation 5%
Post Graduation/ Professional 5%
Work Experience 5%
Gender Diversity 10%

Once the candidate has appeared for the IIT Bombay PI round, the institute then prepares a final merit list to shortlist students for admission. 

What are the questions asked in the IIT Bombay MBA PI round?

Phase 2: Final Selection: Preparation of the Merit List

The final Merit list of the candidates chosen for admission to MBA program at SJMSOM, IIT Bombay will be published based on the applicant's aggregate score in various parameters whose weightage are individually referenced underneath. 

Parameters and Weightage for Phase 2

Parameters Weightage
CAT 2023 Overall Percentile Score 42.5%
Personal Interview 42.5%
Candidates Profile:
Graduation 5%
Work Experience  5%
Extra-curricular Activities 5%

Note: Phase 2 of the Admission process will be evaluated out of a maximum of 95.

IIT Bombay MBA Admission: How to Apply?

  1. The application form can be filled online by visiting the official website of the school.
  2. Click on the application form link and fill in the required details within 50 minutes (as the session will expire after 50 minutes).
  3. Upload the scanned copies of the below-listed documents:
    • Passport size photograph (jpg / jpeg/ png only with size not more than 40KB).
    • Signature (jpg / jpeg / png only with size not more than 10KB).
    • Graduation Certificate / Copy of latest semester mark sheet (for students appearing for the final semester or yet to receive Graduation Certificate) (PDF Only with size, not less than 500KB).
    • Caste certificate (If applicable) (PDF only with size not less than 500KB).
    • Physically disabled certificate for applicants with a disability. (PDF only with size not less than 500KB).
    • CAT scorecard (PDF only with size not less than 500KB).
  4. Submit the application form along with the application fee through Net Banking/Debit/Credit Card.

IIT Bombay MBA Batch Profile 2023-25 Batch

Batch Profile

IIT Bombay MBA Placements

The below table represents the highlights of 2023 MBA placement highlights of IIT Bombay:

Particulars Placements Statistics 2023
Batch Size 115
Percentage of PPOs 50%
Highest Package INR 54 LPA
Average Package INR 28.88 LPA
Top 25% Average Package INR 40.80 LPA
Top 50% Average Package INR 34.58 LPA
Top 75% Average Package INR 31.41 LPA
Average Package (Female) INR 29.35 LPA
Median Package INR 26.64 LPA
Median Package (Female) INR 28.90 LPA
Lowest Package INR 20 LPA
Lowest Package (Female) INR 23.50 LPA
Major Domains FMCG / FMCD, Conglomerate

IIT Bombay MBA Placements 2023 PPO – Wise

The below table represents the PPO – wise statistics of IIT Bombay MBA Placements 2023:

Particulars Salary Statistics
Average Package INR 30.35 LPA
Lowest Package INR 16 LPA

IIT Bombay MBA Placements 2023 Sector – Wise

The below table represents the sector – wise statistics of IIT Bombay MBA Placements 2023:

Sectors Average Package Students Split Company Split
IT / E-commerce INR 31.72 LPA 17% 14%
Consulting INR 29.09 LPA 21% 16%
FMCG / FMCD INR 28.88 LPA 24% 27%
Conglomerate INR 28.54 LPA 24% 25%
BFSI INR 25.63 LPA 14% 18%

Read More: IIT Bombay Placements

IIT Bombay MBA FAQs

Ques. What is the eligibility requirement for IIT Bombay MBA?

Ans. IIT Bombay offers an MBA program on the basis of the CAT scores. However, there are also some eligibility criteria that candidates should meet. Students must have passed their bachelor’s degree or Master’s degree in any relevant discipline with a minimum of 6.5 CPI (6 for SC/ST/PwD category).

Ques. What is the curriculum structure of the MBA program at IIT Bombay?

Ans. The curriculum structure of the MBA program at IIT Bombay includes core courses in various management disciplines like Marketing, Finance, Operations, Human Resources, and Strategy. Additionally, there are multiple electives offered such as International Business, Economics, Information Technology, etc. Along with these, the institute provides internships, and mandatory industry internships to enhance the students’ fieldwork. 

Ques. What is the selection process for the IIT Bombay MBA program?

Ans. IIT Bombay grants admission to its 2-year MBA program only through valid CAT scores. However, the selection process typically includes Group Discussion (GD) and Personal Interview (PI) conducted by the institute. The final selection of the candidates is based on their performance in these stages.

Ques. Can I apply for the IIT Bombay MBA course even if my final semester’s results are awaited?

Ans. Candidates who are in their final year of the degree and whose final results are awaited can apply for the MBA course at IIT Bombay. In this case, students must have secured at least 60% of aggregate marks (55% for SC/ST/PWD) or equivalent in the latest exam that has been concluded and whose scores are available. The admission will depend on meeting the eligibility criteria of the MBA program.

Ques. Does IIT Bombay offer any summer placements to its MBA students?

Ans. IIT Bombay offers summer placements in the early part of the academic year to provide its MBA students with practical experience in real-world work. In 2023, the institute welcomed a total of 38 companies to run the placement drive. The highest stipend offered to the candidates was INR 4.40 LPA with an average stipend of INR 3.03 LPA. 

...Show Less

IIT Bombay Upcoming Important Dates 2025

Important Events

EventsDates
CAT 2025Exam Date
Tentative
Nov 30, 2025

Expired Events

EventsDates
Offline Personal Interviews for Admission 2025-27 [MBA]Mar 06, 2025 - Mar 09, 2025
Submission Date of Application form for Admission 2025-27 [MBA]Jan 01, 2025 - Jan 31, 2025

Important Events

EventsDates
CAT 2025Exam Date
Tentative
Nov 30, 2025

Do you think the Dates are wrong ?  Report Here

IIT Bombay Cutoff 2025

IIT Bombay, CAT Cutoff 2024

The CAT 2024 cutoff percentile for the Master of Business Administration [MBA] at IIT Bombay was 90 for the General category.
Courses
Round 1
(Cutoff percentile)
Compare
90

IIT Bombay, DILR Cutoff 2024

The DILR 2024 cutoff percentile for the Master of Business Administration [MBA] at IIT Bombay was 75 for the General category.
Courses
Round 1
(Cutoff percentile)
Compare
75

IIT Bombay, VARC Cutoff 2024

The VARC 2024 cutoff percentile for the Master of Business Administration [MBA] at IIT Bombay was 75 for the General category.
Courses
Round 1
(Cutoff percentile)
Compare
75

IIT Bombay, QA Cutoff 2024

The QA 2024 cutoff percentile for the Master of Business Administration [MBA] at IIT Bombay was 75 for the General category.
Courses
Round 1
(Cutoff percentile)
Compare
75

Do you think the Cutoff is wrong ?  Report Here

IIT Bombay Master of Business Administration [MBA] Ranking

IIT Bombay MBA ranking by NIRF is 10 out of 125 in India in 2023 and it was ranked 11 out of 125 in India in 2022

NIRF Ranking

#10 out of 125 in India 2023 
#2nd in Mumbai
#2 in Maharashtra

Do you think the Rankings are wrong ?  Report Here

View Previous Year Fees

Years year 1year 2
Semester1234
Tuition fees₹200000₹200000₹200000₹200000
Admission fees₹8750---
other fee₹17250₹7350₹7350₹7350
Semester Wise Fees₹226000₹207350₹207350₹207350
Yearly Fees4.33 Lakhs4.15 Lakhs

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Why To Join IIT Bombay - Reviews & Rating

General
General
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General
4.4
& Win Monthly Prizes Up to ₹1 Lakh/-*
5(82%)
4(13%)
3(2%)
2(3%)
1(0%)

Academic
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Faculty
4.3
Infrastructure
4.6
Accommodation
4.2
Social Life
4.5
Placement
4.3

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Akash Kumar Singh
4.6Helpful
Reviewed on Jan 10, 2025(Enrolled 2024)

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.
...Read More
VASHODIA CHAHAT RAJINDER
4.0Helpful
Reviewed on Feb 13, 2023(Enrolled 2022)

Fees and Financial Aid:

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.
...Read More
Vinayak Nanda
5.0
Reviewed on Feb 8, 2023(Enrolled 2022)

Fees and Financial Aid:

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.
...Read More
Agarwal Nidhaan Nawalkishore
4.5Helpful
Reviewed on Feb 8, 2023(Enrolled 2022)

Fees and Financial Aid:

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.
...Read More
Amartya Anand Thigale
Amartya Anand Thigale
4.9Helpful
Reviewed on Feb 8, 2023(Enrolled 2022)

Fees and Financial Aid:

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.
...Read More
Rishika Jain
Rishika Jain
4.5Helpful
Reviewed on Feb 8, 2023(Enrolled 2022)

Student Snaps:

Fees and Financial Aid:

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.
...Read More
Bhadekar Kalyani Kaustubh
4.4
Reviewed on Feb 8, 2023(Enrolled 2022)

Fees and Financial Aid:

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.
...Read More
Akanksha
4.4Helpful
Reviewed on Feb 4, 2023(Enrolled 2022)

Fees and Financial Aid:

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
...Read More
Bharti
4.3Helpful
Reviewed on Feb 4, 2023(Enrolled 2022)

Fees and Financial Aid:

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.
...Read More
Anonymous
4.1Helpful
Reviewed on Feb 3, 2023(Enrolled 2022)

Fees and Financial Aid:

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.
...Read More

Do you think the data is wrong ?  Report Here

Master of Business Administration [MBA] Comparison

IIT BombayIIT DelhiIIT KanpurIIT Kharagpur
Reviews Rating
Cost To Study
Total Fees
1515500 (2 Years )
Total Fees
1239650 (2 Years )
Hostel Fees
43000
Total Fees
474250 (2 Years )
Total Fees
1033800 (2 Years )
Ranking
# Ranked 11/125 by NIRF Management Ranks
# Ranked 4/125 by NIRF Management Ranks
# Ranked 20/125 by NIRF Management Ranks
# Ranked 12/125 by NIRF Management Ranks
Highest Salary₹10000000₹20000000₹2400000₹21400000
Average Salary₹2350000₹2582000₹1820000-
General Course Details
Duration - 2 Years
Course Offered - Full Time
Total Seats - 152
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
Duration - 2 Years
Course Offered - Full Time
Total Seats - 91
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
Duration - 2 Years
Course Offered - Full Time
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
Duration - 2 Years
Course Offered - Full Time
Total Seats - 200
Mode - Full Time
Degree Type - On Campus
Course Level - Post Graduation
Course Credential - Degree
EligibilityGraduation with 60% + CATGraduation with 60% + CATGraduation + CATGraduation with 50% + CAT

IIT Bombay: 3 Answered Questions

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

Risha Sinha
Arun BalakrishnanStartup Enthusiast, Biker, Music Lover, Cricketer

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.

...Read More
0
0

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

SunidhiStudent at IIT Bombay

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. 

...Read More
0
0

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?

Anubhav RajStudied at Indian Institute of Management Ranchi (2019)

The answer to your question is objectively based solely on your inclinations. IITs might offer a better ROI than 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.

...Read More
0
0
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Jhumpa Adhikari
Professor, Department of Chemical Engineering
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