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IIM Mumbai Fees 2026
If you take a look at the IIM Mumbai MBA fee, ₹25.50 lakh for a two-year MBA program, one question arises… Is my money worth it? Then comes the question: will the placements return my investment on this degree? As per the 2024-2026 IIM Mumbai placements, the average package reported is ₹34.5 LPA. In general, you look at median or average packages to calculate the ROI. So, the investment seems worth it.
Meanwhile, the Two-Year Weekend PGPM follows a different fee structure, starting at ₹18 lakh. Therefore, comparing programme costs with placement outcomes gives a clearer picture of value. T
IIM Mumbai MBA Fees 2026
The gross programme fee for the two-year MBA programme is ₹25.50 lakh. A refundable caution money deposit of ₹50,000 is payable separately during admission.
Mess charges and the mess deposit are not included within the programme fee. According to institute norms, mess fees must be paid one year in advance.
Fee Component | Amount | Payment Status |
MBA Programme Fee | ₹25,00,000 | Mandatory |
Caution Money Deposit | ₹50,000 | Refundable |
Mess Charges | Separate | Payable separately |
Mess Deposit | Separate | Payable separately |
Minimum Listed Total Institute Payment | ₹25.50 lakh | Before separate mess expenses |
The mentioned ₹50,000 caution deposit will be returned to students once the course is completed, after adjusting any outstanding dues.
Therefore, the practical education budget should account for mess expenses alongside the listed programme fee.
Phase / Instalment | Approximate Amount | Due Timeline |
Seat Acceptance Fee | ₹1,00,000 – ₹2,00,000 | Immediately upon admission offer |
Term 1 (Sem 1) | ₹3,50,000 – ₹4,50,000 | Before the program begins |
Term 2 & 3 (Sem 1 & 2) | ₹3,50,000 – ₹4,00,000 each | Before the start of each term |
Year 1 Total | ~₹12,50,000 | Paid progressively across Year 1 |
Year 2 Total (Terms 4–6) | ~₹12,50,000 | Paid progressively across Year 2 |
Two-Year Grand Total | ~₹25,00,000 | Excluding separate mess charges |
Financial planning can prevent unexpected pressure during the programme.
IIM Mumbai Fee Structure 2026
IIM Mumbai has different fee structures across its management programmes. The Two-Year Weekend PGPM should not be confused with the regular MBA.
The PGPM carries ₹18 lakh under annual payments and ₹19 lakh under module-wise payments. Applicable government taxes, if any, are extra for the PGPM structure.
PGPM Payment Option | Total Fee | Caution Deposit | Taxes |
Annual Payment | ₹18 lakh | ₹50,000 refundable | Extra, if applicable |
Module-wise Payment | ₹19 lakh | ₹50,000 refundable | Extra, if applicable |
The annual option saves ₹1 lakh compared with the module-wise payment structure. However, cash-flow flexibility could make module payments preferable in certain cases.
A non-refundable provisional offer confirmation fee of ₹1 lakh also applies to admission. This amount gets adjusted against the final tuition fee.
PGPM Annual Payment Schedule
The annual option divides the ₹18 lakh programme fee into two equal installments. Each instalment requires payment of ₹8.50 lakh.
Installment | Amount | Due Date |
First | ₹8.50 lakh | January 15, 2026 |
Second | ₹8.50 lakh | January 15, 2027 |
Total | ₹18 lakh | — |
PGPM Module-wise Payment Schedule
The module option divides the ₹19 lakh fee across four payments. Each scheduled instalment amounts to ₹4.50 lakh.
Installment | Amount | Due Date |
First | ₹4.50 lakh | January 15, 2026 |
Second | ₹4.50 lakh | July 15, 2026 |
Third | ₹4.50 lakh | January 15, 2027 |
Fourth | ₹4.50 lakh | July 15, 2027 |
Total | ₹19 lakh | — |
IIM Mumbai’s module-wise structure costs ₹1 lakh more than the annual payment overall. However, smaller scheduled payments can make budgeting easier across two academic years.
IIM Mumbai Fees for MBA
The regular MBA requires a different financial calculation from the Weekend PGPM. The programme fee stands at ₹25 lakh, while ₹50,000 remains refundable.
Programme | Programme Fee | Caution Deposit | Mess Charges | Taxes |
| MBA | ₹25.50 lakh | ₹50,000 refundable | Separate | Check institute terms |
| MBA (Operations and Supply Chain Management) | ₹25.50 lakh | ₹50,000 refundable | Separate | Check institute terms |
| MBA (Sustainability Management) | ₹25.50 lakh | ₹50,000 refundable | Separate | Check institute terms |
| MBA (VLFM) (Including Delhi Campus) | ₹16.32 lakh (Including ₹5.25 lakh at Delhi) | ₹50,000 refundable | Separate | Check institute terms |
| Weekend PGPM- Annual | ₹18 lakh | ₹50,000 refundable | Separate | Extra, if applicable |
| Weekend PGPM- Module | ₹19 lakh | ₹50,000 refundable | Separate | Extra, if applicable |
The comparison shows why programme names require careful attention during fee research. A lower PGPM fee does not automatically indicate equivalent programme costs.
For MBA applicants, the ₹25 lakh tuition should therefore form the primary financial benchmark. Mess expenses require a separate allowance in the overall budget.
IIM Mumbai Fees vs MBA Placement Package
IIM Mumbai placement outcomes provide detailed context when evaluating the MBA fee. The latest placement cycle reported an average package of ₹34.5 LPA.
However, package figures represent gross compensation and should not be treated as take-home income. Taxes, deductions, living costs, and personal expenses can significantly affect actual savings.
Placement Measure | 2024–26 Batch | Indicative Fee Comparison |
Average Package | ₹34.5 LPA | 1.38× MBA programme fee |
Top 10% Average | ₹47.5 LPA | 1.90× MBA programme fee |
Top 20% Average | ₹41.4 LPA | 1.66× MBA programme fee |
Top 50% Average | ₹34.5 LPA | 1.38× MBA programme fee |
Highest Package | ₹71.4 LPA | 2.86× MBA programme fee |
The fee comparison uses the ₹25 lakh MBA programme fee before mess and other personal expenses. It therefore represents an indicative ratio rather than actual financial return.
The salary distribution also gives a wider view than the highest package alone. Top-percentile averages show how compensation changes across different portions of the batch.
Also Read: IIM Mumbai Average Package 2026: Top Recruiters & Trends
Is IIM Mumbai Worth the Fees in 2026?
IIM Mumbai can offer strong financial value if career outcomes align with your goals. The average package creates a favourable comparison against the ₹25 lakh MBA programme fee.
However, ROI should not be judged through salary alone. Career progression, role quality, industry exposure, location, and long-term earning potential also matter.
Evaluation Factor | What to Check | Why It Matters |
Programme Fee | ₹25 lakh for MBA | Sets the primary investment |
Caution Deposit | ₹50,000 refundable | Adds temporary upfront cost |
Mess Expenses | Separate | Raises total living expenditure |
Average Package | ₹34.5 LPA | Indicates overall placement strength |
Top 50% Average | ₹34.5 LPA | Shows wider compensation performance |
Recruiter Base | 200+ recruiters | Indicates broad hiring access |
Offers | 502 | Reflects placement activity |
ROI | Compare fee against salary | Supports practical financial planning |
The strongest approach involves checking total expenses instead of comparing tuition alone. Accommodation, food, travel, taxes, and personal spending can change the final investment.
Also Read: Best ROI MBA Colleges in India 2026, Fees, Placement Report
IIM Mumbai Fees 2026: Conclusion
The IIM Mumbai Fees 2026 for the two-year MBA stand at ₹25 lakh, along with a refundable caution deposit and separate mess expenses. While the initial investment is significant, the reported placement outcomes, including an average package of ₹34.5 LPA, makes IIM Mumbai an attractive option for candidates targeting strong management careers.
However, aspirants should evaluate more than just the fee-to-package ratio. Scholarships, education loans, living expenses, career roles and long-term growth should all influence the final decision. If IIM Mumbai is one of your CAT target colleges, understanding the complete fee structure early will help you plan both your CAT preparation and MBA finances more effectively.
