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IIT Bombay MBA Fees 2026
If you are considering an MBA at IIT Bombay, you must know the fees before deciding whether to apply. The IIT Bombay MBA fee for the 2026–28 batch is ₹15,55,800 for General, EWS and OBC-NCL categories. For SC, ST and PwD categories, the programme fee is ₹7,55,800. Hostel and mess charges apply separately when you avail campus accommodation. The two-year MBA also includes tuition, academic charges, student welfare fees and other specified components. Hostel fees total ₹20,250, while the mess advance is ₹27,000 per semester. Before accepting an offer, checking the semester-wise breakup can help you understand each payment clearly.
IIT Bombay MBA Fee Structure 2026
The Shailesh J. Mehta School of Management (SJMSOM) has stated its MBA fee structure for 2026–28. The fee differs significantly between General/EWS/OBC-NCL and SC/ST/PwD categories.
Category | Total Programme Fee |
General / EWS / OBC-NCL | ₹15,55,800 |
SC / ST / PwD | ₹7,55,800 |
The programme fee covers tuition and specified academic charges across four semesters. Tuition is ₹2,00,000 per semester for General, EWS and OBC-NCL categories. SC, ST and PwD candidates have zero tuition fees across all four semesters.
Admission Fees
Admission charges are non-refundable and remain identical across both category groups.
Category | Admission Fee | Alumni Life Membership | Student Welfare Fund | Total |
General/ EWS/ OBC-NCL | ₹9,650 | ₹5,000 | ₹1,350 | ₹16,000 |
SC / ST / PwD | ₹9,650 | ₹5,000 | ₹1,350 | ₹16,000 |
Refundable Deposits
You also pay one-time refundable security deposits during admission.
Component | Amount |
Institute Security | ₹5,000 |
Library Security | ₹5,000 |
Total Refundable Deposit | ₹10,000 |
Semester-wise IIT Bombay MBA Fees
The semester fee includes tuition and several institute-level charges. Other specified fees form the largest component after tuition.
Fee Component | General / EWS / OBC-NCL | SC / ST / PwD |
Tuition Fee | ₹2,00,000 each semester | ₹0 each semester |
Registration & Exam | ₹2,400 each semester | ₹2,400 each semester |
Gymkhana Fee | ₹2,400 each semester | ₹2,400 each semester |
Student Benevolent Fund | ₹800 each semester | ₹800 each semester |
Insurance (SAIF) | ₹400 each semester | ₹400 each semester |
Medical Fee | ₹2,150 each semester | ₹2,150 each semester |
Other Specified Fees | ₹1,74,300 each semester | ₹1,74,300 each semester |
Total Per Semester | ₹3,82,450 | ₹1,82,450 |
Across four semesters, the tuition component alone reaches ₹8,00,000 for General categories. For SC, ST and PwD candidates, tuition remains completely waived. The remaining academic and institute charges apply across both category groups.
Also Read: IIT Bombay MBA Selection Criteria 2026, Shortlisting, Cut-off
IIT Bombay MBA Hostel and Mess Fees 2026
Hostel accommodation is optional, depending on whether you require campus housing. The listed hostel charges include utilities, amenities and security deposits.
Hostel Component | Amount |
Electricity & Water Charges | ₹4,000 |
Hostel Amenities Fund | ₹2,100 |
Hostel Charges | ₹9,150 |
Mess Security Deposit | ₹5,000 |
Total Hostel Fees (A) | ₹20,250 |
Per-Semester Mess Advance (B) | ₹27,000 |
Total Hostel Fees Payable (A + B) | ₹47,250 |
The ₹27,000 mess advance applies each semester when you use hostel and mess facilities. Therefore, checking hostel requirements early can help you understand the immediate payment burden.
Initial Deposit After Offer Acceptance
The initial payment changes according to your category and hostel requirement.
Category | Without Hostel | With Hostel |
General / EWS / OBC-NCL | ₹3,81,400 | ₹3,98,600 |
SC / ST / PwD | ₹1,81,400 | ₹1,98,600 |
The hostel-inclusive initial deposit excludes the ₹27,000 mess advance. If you use the mess, that advance becomes payable separately.
Also Read: MBA From IITs: Admission Process, Placements, Fee Structure
IIT Bombay MBA Fees for Different Categories
Category-based fee differences at IIT Bombay are driven mainly by tuition charges. General, EWS and OBC-NCL candidates pay ₹15,55,800 for the programme. SC, ST and PwD candidates pay ₹7,55,800 for the same two-year programme.
Fee Comparison | General / EWS / OBC-NCL | SC / ST / PwD |
Total Programme Fee | ₹15,55,800 | ₹7,55,800 |
Tuition Per Semester | ₹2,00,000 | ₹0 |
Tuition Across Four Semesters | ₹8,00,000 | ₹0 |
Admission Fees | ₹16,000 | ₹16,000 |
Refundable Deposits | ₹10,000 | ₹10,000 |
Semester Fee | ₹3,82,450 | ₹1,82,450 |
Hostel Fees | ₹20,250 | ₹20,250 |
Mess Advance | ₹27,000 per semester | ₹27,000 per semester |
The difference between programme fees is ₹8,00,000, matching the total tuition payable. However, hostel and mess charges do not change across these categories.
Also Read: IIT MBA Fees 2026, Check College-wise Fee Structure
IIT Bombay MBA Scholarships and Financial Assistance
SJMSOM offers scholarship opportunities based on academic performance during the MBA programme. The admission FAQ states that around 15 to 20 scholarships are awarded.
Financial Support | Key Detail |
SJMSOM Scholarships | Around 15–20 scholarships |
Selection Basis | Academic performance |
Educational Loans | Available through campus bank branches |
SBI Educational Loan | Curated education loans available |
Canara Bank Educational Loan | Curated education loans available |
Financial Aid | IIT Bombay lists financial support schemes |
National Scholarship Portal (NSP) | Eligible candidates can apply for applicable central and state government scholarships |
SC/ST Support | Eligible candidates can access applicable government scholarship schemes |
IIT Bombay also lists financial support options through its SC/ST Cell. These include the Financial Aid Programme and Student Benevolent Fund.
The institute also lists government scholarship schemes for eligible SC and ST candidates. These include Top Class Education schemes and free messing support. Eligibility depends on the applicable scheme requirements.
SJMSOM also has a history of merit-based scholarships supported by industry organisations. The School lists scholarships linked with academic excellence and its endowment fund.
Also Read: IIM Scholarships 2026, Eligibility, Amount, Documents Required
Is IIT Bombay MBA Worth the Fees?
The value of the IIT Bombay MBA becomes clearer when you compare its fees, MBA ROI, and placement outcomes. The 2024–26 final placement report recorded a ₹53.80 LPA highest CTC. The same report recorded ₹28.16 LPA average CTC and ₹26 LPA median CTC.
Placement Parameter | 2024–26 Batch |
Recruiting Companies | 51 |
Highest CTC | ₹53.80 LPA |
Average CTC | ₹28.16 LPA |
Median CTC | ₹26.00 LPA |
PPO Rate | 35.7% |
New Companies | 35.3% |
The placement report also shows a balanced recruiter mix across consulting, BFSI, FMCG/FMCD, technology and pharmaceutical sectors.
For a General category candidate, the ₹15,55,800 programme fee represents a substantial investment, making MBA fees and average package important factors when comparing top B-schools. However, the placement figures provide a strong financial context for evaluating that investment.
Your actual cost can rise after adding hostel, mess and personal expenses. Therefore, comparing your expected career outcomes with the complete fee structure matters.
The SC/ST/PwD fee structure provides a significantly lower tuition burden. This creates a substantial cost advantage for eligible candidates across the two-year programme.
Also Read: IIT Bombay MBA Placements 2026, Highest Package, Recruiters
IIT Bombay MBA Fee 2026: Conclusion
The IIT Bombay MBA Fees 2026 stand at ₹15,55,800 for General, EWS and OBC-NCL candidates and ₹7,55,800 for SC, ST and PwD candidates. Hostel, mess and personal expenses can increase the overall cost, so candidates should evaluate the complete two-year financial commitment rather than tuition alone. Scholarships, government financial assistance and education loans can also help manage the cost.
SJMSOM's placement performance provides useful context for this investment, with the 2024-26 batch recording an average CTC of ₹28.16 LPA and median CTC of ₹26 LPA. Ultimately, IIT Bombay MBA fees should be assessed alongside career goals, expected ROI and financing requirements before accepting an admission offer.
