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MBA Fees in IITs 2026
When people think of IIT, they picture engineering labs and coding marathons. But here's what most MBA aspirants don't realise: some of the most compelling business school deals in India are sitting quietly inside the same campuses. IIT MBAs offer world-class faculty, elite brand recognition, and crucially fees that are a fraction of what top IIM colleges charge, often with placements that keep pace.
Here's a college-by-college breakdown of what each IIT MBA program actually looks like in 2026.
IIT MBA Fees vs Placements 2026
Institute | Department | Tuition Fees | Avg. CTC (LPA) |
IIT Bombay | SJMSoM | ₹14.7 L | ₹25.82 |
IIT Delhi | DMS | ₹12 L | ₹22.5 |
IIT Kharagpur | VGSoM | ₹12.8 L | ₹22.75 |
IIT Kanpur | DoMS | ₹5 L (approx.) | ₹17.2 |
IIT Madras | DoMS | ₹13 L (approx.) | ₹17.9 |
IIT Roorkee | DoMS | ₹9.6 L | ₹17.9 |
IIT(ISM) Dhanbad | DMS | ₹3 L | ₹11.16 |
IIT Jodhpur | SME | ₹9 L (approx.) | ₹11.04 |
IIT Bombay MBA Fees (SJMSoM)
The Shailesh J. Mehta School of Management at IIT Bombay is widely considered the crown jewel of IIT MBAs. The SJMSOM IIT Bombay placement report 2024 showed that the average package offered to MBA graduates was INR 25.82 LPA, with 52 recruiting companies participating in the placement process. The highest package recorded was ₹53.8 LPA, and the placement rate stood at 100%.
The total fee for the program is around INR 15 lakhs, with a batch intake of ~120 students. Admission is highly competitive, primarily based on CAT score, academic performance, and work experience.
Key recruiters: JP Morgan Chase, ICICI Bank, Flipkart, Amazon, Asian Paints, Deloitte
IIT Delhi MBA Fees (DMS)
The tuition fee for the IIT Delhi MBA program is ₹12 lakhs for the entire two-year programme, payable in equal installments over four semesters. DMS IIT Delhi maintains a consistent record of 100% placements, with the average salary at ₹22.5 LPA and the highest salary at ₹43.55 LPA in 2025.
The CAT cutoff for General category students typically hovers around the 98th percentile, reflecting the program's selectivity. Admission is open to both engineers and non-engineers, making it one of the more accessible IIT MBAs.
Key recruiters: EXL Service, Wipro, Accenture, McKinsey, Bain & Company, Goldman Sachs, Adani Group
IIT Kharagpur MBA Fees (VGSoM)
The Vinod Gupta School of Management at IIT Kharagpur has the distinction of being one of India's earliest dedicated MBA colleges. The approximate fee at IIT Kharagpur is ₹12,85,000. IIT Kharagpur has an average placement of ₹22.75 LPA, with a CAT cutoff that typically sits around the 94-95 percentile.
Key recruiters: Tata Group companies, Infosys, Cognizant, McKinsey, ICICI Bank, ITC
IIT Madras MBA Fees (DoMS)
The Department of Management Studies at IIT Madras also offers Tech-MBA along with traditional MBA. In 2025, DoMS IIT Madras recorded 100% placements with an average salary of ₹17.9 LPA and a highest package of ₹35.5 LPA.
Fees are approximately ₹13 lakhs for the two-year program. Notably, the Tech-MBA track has also seen exceptional traction - making it a strong option for candidates combining technical and management skills. IIT Madras is also one of the few IITs that now accepts applicants from all academic streams.
Key recruiters: Accenture, Dell, McKinsey, Morgan Stanley, P&G;, Standard Chartered
IIT Roorkee MBA Fees (DoMS)
IIT Roorkee's Department of Management Studies offers an MBA covering Finance, Marketing, Operations, IT, and HR. For the 2023-25 batch, the average package stood at ₹17.9 LPA. Total fees are approximately ₹9.6 lakhs - it is among the most affordable programs on this list relative to placement outcomes.
The CAT cutoff is around the 95th percentile. DoMS Roorkee is a strong value-for-money option, particularly for students interested in technology-integrated management roles.
Key recruiters: Infosys, TCS, HDFC Bank, Deloitte, EY, Samsung
IIT Kanpur MBA Fees (DoMS)
IIT Kanpur's MBA program has one of the most remarkable fee-to-placement ratios among all IIT MBAs. At approximately ₹5 lakhs in total fees, the program delivers an average placement of ₹17.2 LPA - an ROI that only a few business schools anywhere in India can match.
The program is small and selective, heavily focused on quantitative and analytical coursework, which suits candidates aiming for roles in consulting, analytics, and financial services. The low batch size also translates to more personalized faculty attention and stronger alumni connections per student.
Key recruiters: EY, KPMG, Infosys Consulting, Axis Bank, Deloitte
IIT (ISM) Dhanbad MBA Fees (DMS)
IIT ISM Dhanbad's Department of Management Studies is perhaps the best-kept secret on this list. At a total fee of just around ₹3 lakhs, the lowest among all IIT MBA programs - the average placement stands at ₹11.16 LPA. For students from modest financial backgrounds, this represents an extraordinary opportunity to access the IIT brand and network.
The program is particularly strong in areas connected to core industries - energy, mining, infrastructure, and manufacturing - given IIT ISM's historical roots as a school of mines. This niche positioning means students often find themselves well-placed in sector-specific roles that general MBA graduates don't easily access.
Key recruiters: Coal India, ONGC, SAIL, Tata Steel, HDFC Bank
IIT Jodhpur MBA Fees (SME)
The School of Management and Entrepreneurship at IIT Jodhpur is a newer program that has been steadily building its placement record. Total fees are approximately ₹9 lakhs, and the current average placement stands at ₹11.04 LPA. While the numbers are still maturing, IIT Jodhpur's program distinguishes itself through a strong emphasis on entrepreneurship and startup culture, benefiting from Rajasthan's growing tech and startup ecosystem.
For students who want an IIT pedigree, an entrepreneurial environment, and the option to build something of their own rather than simply take a placement offer, IIT Jodhpur offers a compelling proposition.
Key recruiters: Vedanta, Reliance, local startups, consulting firms
IIT MBA vs IIM MBA: How Do They Compare?
Factor | IIT MBA | IIM MBA (Top 3) |
Total Program Fees | ₹3 L - ₹15 L | ₹20 L - ₹30 L+ |
Avg. Placement | ₹11 - ₹26 LPA | ₹25 - ₹35 LPA |
Batch Size | 60 - 240 | 400 - 500+ |
Brand Recognition | Very High (IIT) | Highest |
Eligibility | Most IITs are open to all | Open to all |
Peer Network | Technical & Analytical | Diverse |
While IIMs enjoy stronger brand recognition and larger alumni networks, IITs offer lower fees, high ROI, smaller batch sizes, and equally strong placement opportunities.
IIT MBA Fees 2026: Conclusion
IIT MBAs occupy a unique space in Indian management education. They are not trying to out the IIMs. Instead, they offer something different: a technically rigorous, analytically driven management education at a cost that makes the investment decision almost straightforward. Whether you're drawn to the placement powerhouse at IIT Bombay, the unbeatable ROI at IIT Kanpur, or the niche industry access at IIT ISM Dhanbad, there is an IIT MBA suited to nearly every profile and budget.
If your CAT score is competitive and you have a leaning toward quantitative roles in consulting, analytics, finance, or operations, an IIT MBA deserves serious consideration - not as a backup to the IIMs, but as a first-choice destination in its own right.
