IIM Mumbai MBA Fees 2025: The Indian Institute of Management (IIM) Mumbai is one of the top MBA colleges in India. It offers diverse courses and has a well-organised curriculum. Many of the students aspire to get admission to this college. The placements, faculty is well versed in IIM Mumbai which makes it a prestigious institution not only for Indians but also for international MBA aspirants. This offers an executive MBA for working professionals who are willing to gain knowledge on leadership and entrepreneurship. So, the future aspirants must know the complete details of this college. The following discussion provides the details on the IIM Mumbai fee structure.
IIM Mumbai MBA Fees 2025
The total fee for the two-year full-time MBA program at IIM Mumbai is ₹21,00,000. This amount encompasses tuition fees and other academic charges. However, students should also account for additional expenses such as hostel accommodation, mess charges, and personal costs. The fees are payable in installments throughout the program.
IIM Mumbai Fee Structure
The fee structure is divided into tuition and institutional charges, excluding living expenses or personal costs. This fee covers classroom learning, academic resources, access to the library, and various learning tools provided during the course.
| Fee Component | Amount (INR) |
| Tuition Fees | ₹14,00,000 |
| Other Institutional Charges | ₹7,00,000 |
| Total Program Fees | ₹21,00,000 |
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IIM Mumbai Executive MBA Fees
IIM Mumbai offers an Executive MBA program for working professionals. The fee for this program is ₹16,00,000, payable in four installments over the course duration. This program includes course materials, access to learning resources, and infrastructure usage during campus visits.
| Instalment No. | Amount (INR) | Tentative Timeline |
| 1st Installment | ₹3,78,000 | At the time of admission |
| 2nd Installment | ₹3,94,000 | After 4 months |
| 3rd Installment | ₹3,64,000 | After 7 months |
| 4th Installment | ₹3,64,000 | After 10 months |
| Total | ₹16,00,000 | - |
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IIM Mumbai Tuition Fees
Out of the total ₹21,00,000 fee for the MBA program, ₹14,00,000 is dedicated to tuition. This includes the cost of faculty instruction, academic support services, and classroom-based learning components.
The remaining ₹7,00,000 covers infrastructure usage, IT facilities, library, and activity charges essential for a comprehensive academic experience.
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IIM Mumbai Hostel Fees
All students are provided with on-campus accommodation. The hostel fee depends on the type of room and ranges between ₹24,000 and ₹75,000 per year.
| Hostel Type | Annual Fee (INR) |
| Boys Hostel | ₹24,000 – ₹75,000 |
| Girls Hostel | ₹24,000 – ₹75,000 |
Mess charges are separate and are approximately ₹4,000 per month. Hostel rooms are non-air-conditioned, shared accommodations, typically on a double occupancy basis.
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IIM Mumbai Scholarship
IIM Mumbai supports deserving students through merit-based and need-based scholarships. The financial aid is provided in two major forms:
- Type 1 Scholarship: 50% tuition fee waiver for students with a total annual family income below ₹1,00,000.
- Type 2 Scholarship: 30% tuition fee waiver for students with total annual family income below ₹2,50,000.
Students are required to submit income proof and academic performance records to apply. Scholarships are reviewed annually based on academic performance and financial situation.
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IIM Mumbai MBA Cost: Additional Expenses
While tuition and institutional charges form the major portion of the cost, students must budget for extra expenses during the two-year program:
| Expense Type | Estimated Amount (INR) |
| Hostel Accommodation | ₹48,000 – ₹1,50,000 (2 years) |
| Mess Charges | ₹96,000 (₹4,000/month approx.) |
| Personal Expenses | ₹40,000 – ₹60,000 (approx.) |
| Laptop/Stationery | ₹30,000 – ₹40,000 (one-time) |
These estimates can vary depending on a student’s lifestyle and choices.
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IIM Mumbai MBA Total Fees (All-Inclusive Estimate)
This estimation helps students plan their finances effectively for the two-year journey. Here is a complete estimate of the total cost of pursuing an MBA at IIM Mumbai, considering all major expenses:
| Fee Category | Amount (INR) |
| Program Fees | ₹21,00,000 |
| Hostel Fees (2 Years) | ₹48,000 – ₹1,50,000 |
| Mess Charges | ₹96,000 |
| Miscellaneous Expenses | ₹70,000 – ₹1,00,000 |
| Total Cost (Approx.) | ₹22,50,000 – ₹24,50,000 |
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IIM Mumbai MBA Fees for SC/ST/OBC Categories
The tuition fees remain the same for all categories. However, students from reserved categories (SC/ST/OBC) may be eligible for government scholarships or financial assistance schemes.
| Category | Tuition Fee (INR) | Fee Waiver/Support |
| SC | ₹14,00,000 | Govt scholarships available |
| ST | ₹14,00,000 | Govt.. scholarships available |
| OBC (NCL) | ₹14,00,000 | May be eligible for Type 2 scholarship |
Students from these categories are encouraged to apply for both institutional and state/national government scholarships.
Also read, IIM Mumbai Selection Criteria 2025, Admission Process PDF
IIM Mumbai MBA Fees for International Students
International students applying to the full-time MBA program are required to pay a total fee of USD 45,000 for two years. This covers tuition and academic charges but does not include accommodation, travel, or living expenses.
Additional expenses such as hostel accommodation, meals, health insurance, and personal spending should be planned separately.
IIM Mumbai MBA Fees 2025: Conclusion
The future IIM Mumbai aspirants must keep the above details in mind and make the necessary preparations. IIM Mumbai offers modern infrastructure, updated curriculum, and industry-relevant opportunities. This makes the MBA costly compared to many other colleges. So, ₹21–24 lakh for two years is the required investment for future opportunities. Eligible students can opt for respective scholarships and fulfil their MBA dream in IIM Mumbai. Early financial planning can ensure a smooth transition into this exciting academic journey.
