IIM Mumbai MBA Fees 2025, Fee Structure, Scholarship

Nehal Sharma

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Jun 06, 2025

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IIM Mumbai MBA Fees 2025, Fee Structure, Scholarship

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 ComponentAmount (INR)
Tuition Fees₹14,00,000
Other Institutional Charges₹7,00,000
Total Program Fees₹21,00,000

Also read, IIM Mumbai Waitlist Movement 2025, Category-wise Analysis

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₹3,78,000At the time of admission
2nd Installment₹3,94,000After 4 months
3rd Installment₹3,64,000After 7 months
4th Installment₹3,64,000After 10 months
Total₹16,00,000-

Also read, IIM Mumbai Results 2025 OUT, Release Date, Waitlist Movement

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.

Also Read, IIM Raipur MBA Fees 2025, Check Fee Structure, Scholarship

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 TypeAnnual 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.

Also read, IIM Mumbai Placements 2025, Top Recruiters, Average Package

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.

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 TypeEstimated 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.

Also read, IIM MBA Fees 2025, College-wise Fee Structure Analysis

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 CategoryAmount (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

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.

CategoryTuition Fee (INR)Fee Waiver/Support
SC₹14,00,000Govt scholarships available
ST₹14,00,000Govt.. scholarships available
OBC (NCL)₹14,00,000May 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.

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