IIM Mumbai offers various full- time and executive courses in Management such as MBA, PGPEX, PhD, Executive PhD and PGDEX-VLFM. MBA is the flagship course of IIM Mumbai and its total fees is INR 25.5 Lakhs. The institute also gives 5% relaxation of marks to the reserved category.

  • Application fee for PhD is INR 1000 & INR 500 for reserved candidates.
  • PGPEX Application fee is INR 3,000.
  • Application fee for PGDEX- VLFM is INR 3,500.
  • IIM Mumbai Admission Test (IMAT) is conducted by the institute for admission to executive and PhD programs.

Students can apply for PhD and various executive programs at IIM Mumbai from the link given below.

IIM Mumbai PhD Admission 2026 IM Mumbai PGPEX Admission 2026
IIM Mumbai PGDEX- VLFM Admission 2026

IIM Mumbai Courses and Fees

IIM Mumbai MBA Fees 2026

IIM Mumbai offers MBA as a two year full- time residential program. The institute provides 3 specializations in MBA, namely General, Operations & Supply Chain Management (MBA- OSCM) and Sustainability Management (MBA- SM).

  • MBA General is the most popular specialisation of MBA.
  • MBA total fees is INR 25.5 Lakhs.
  • IIM Mumbai MBA total fees is same for all its specialisations.

IIM Mumbai MBA fee structure is as follows:

IIM Mumbai MBA Fee Structure

The Caution Money is refundable. Mess charges and the mess deposit are to be paid separately by the students one year in advance.

The eligibility required for admission to MBA specialisations is as follows:

Specialisations Eligibility Criteria
MBA General Bachelor’s degree with 50% marks + CAT 2025
Sustainability Management
Operations & Supply Chain Management 4 Year Engineering/ Technology degree with 50% marks OR M.Sc. (Mathematics/ Statistics) OR Dual Degree (Maths & Computing) min 5 yrs

Selection Criteria : APWE score + Personal Interview

IIM Mumbai APWE score (Academic Performance + Work Experience) includes:

  • The percentage of marks obtained by the candidates in the 10th and 12th standard (depending upon the stream).
  • The Bachelor’s Degree (depending upon the discipline).
  • Work Experience

Note:

  • Students in the final year of their degree are also eligible to apply.
  • Selection criteria is the same for all MBA specialisations

IIM Mumbai PGPEX Fees 2026

IIM Mumbai offers a one-year Post Graduate Program for Executives (PGPEx). It is a blend of advanced management insight and a robust technical foundation. The course also includes live case studies, seminars, and group discussions.

Eligibility:

  • Bachelor’s Degree with minimum of 50% marks
  • Minimum 3 year of work experience in any business organization after graduation.
  • CAT / GMAT / GRE / GATE/ IMAT exam (any one.

Selection Criteria : Personal Interview

IIM Mumbai PGPEX total fee is INR 16.2 Lakhs. Students may opt to pay the fee either annually or module-wise. The detailed fee structure for PGPEX is given below.

Fee Type Total Fee
Program Fee (Annual) INR 16.2 Lakhs
Program Fee (Module-wise) INR 17.2 Lakhs

Note:

  • Caution deposit of INR 50,000 and Hostel fee is included in the program fee.
  • Candidates have to submit an admission fee for seat booking of INR 1 Lakh.

IIM Mumbai PhD Fees 2026

IIM Mumbai PhD program provides performance based access to research grants, conference funding, and international exposure. PhD scholars (non-resident of Mumbai and suburbs) will be offered accommodation on campus or Out of Campus (OCA) allowance.

  • IIM Mumbai provides a monthly stipend to its regular PhD students.
  • Candidates with a valid score in any CAT / GRE / GMAT / UGC-JRF / GATE are only eligible for a stipend.
  • Candidates must be below 35 years of age to apply for PhD.
  • The time period allowed for the submission of the Thesis is 5 years from the date of admission and 4 years from date of registration.

IIM Mumbai Phd total fee (3years) is INR 1.95 Lakhs. The detailed fee structure is given below.

Fee Type Year 1
(INR)		 Year 2
(INR)
Admission Fee 2,000 NA
Tuition Fee 24,000 24,000
Facility Charges 6,000 6,000
IIM Alumni Charges 3,000 10,000
Library Fee 1000 1000
Caution Money 5000 NA
Hostel Fee 24,000 24,000
Total Fee 65,000 65,000

Note: The fee applicable for the 2nd year will continue to apply for all subsequent years of the PhD program.

IIM Mumbai eligibility and selection criteria for PhD is as follows:

Eligibility Criteria Selection Criteria
4 -year Bachelor’s degree with a minimum 6.5 CGPA
OR
Bachelor's degree with 55% marks + Professional qualification - CA, CS, CMA (with 50% marks)
OR
Master’s degree / 2-year PG Diploma / 5-year Integrated Master’s degree with minimum of 55% marks.		 Initial Screening
Written Test (IMAT)
Research Presentation
Personal Interview

Note: Candidates who do not have a valid CAT/ GRE/ GMAT/ UGC-JRF/ GATE score on the last date of application for PhD, can attempt to qualify before Sep 30, 2026 and obtain a minimum specified score to be eligible for a stipend.

IIM Mumbai Executive PhD Fees 2026

IIM Mumbai offers Executive PhD for a professionally employed person who pursues the doctoral Program while continuing their service. The Institute does not provide any assistantship/ fellowship to such a Scholar. The candidate's upper age limit is preferably 45 years.

IIM Mumbai Executive PhD total fees is INR 4.85 Lakhs. The detailed fee structure is as follows:

Fee Type Year 1 Year 2
Admission Fee INR 10,000 NA
Tuition Fee INR 1.25 Lakhs INR 24,000
Facility Fee INR 25,000 INR 24,000
Caution Money INR 25,000 NA
Total Fee INR 1.85 Lakhs INR 1.5 Lakhs

Note: The fee applicable for the 2nd year will continue to apply for all subsequent years of the PhD program.

IIM Mumbai eligibility and selection criteria for Executive PhD is given below.

Eligibility Criteria Selection Criteria
Master's degree with 65% marks + 2 years of professional experience
OR
4-year Bachelor’s degree with 75% marks + 4 years of professional experience
OR
Professional qualifications CA, ICWA/CMA, CS + degree with 60% marks		 Initial Screening
Written Test (IMAT)
Research Presentation
Personal Interview

IIM Mumbai PGDEX-VLFM Fees 2026

IIM Mumbai offers a one-year full-time PGDEX- VLFM (Visionary Leaders For Manufacturing) program which is a residential executive diploma program jointly conducted by IIM Mumbai and IIT Delhi for mid and senior-level Managerial positions.

  • The program focuses on management, manufacturing technology and leadership.
  • The curriculum includes theories, tools, and models of Breakthrough Management and the Five-Step Discovery process with workshop-oriented learning and Industrial visits in India & Abroad.
  • Eligibility : First-class Bachelor's Degree + 4 year work experience.
  • Selection Criteria : Aptitude Test + Personal Interview

IIM Mumbai PGDEX- VLM total fees is INR 16.32 Lakhs. The detailed fee structure is mentioned below.

Fee Type Amount
Tuition Fees
(Module I, II & IV)		 INR 6.7 Lakhs
Tuition Fee payable at IIT Delhi
(Module III)		 INR 5.25 Lakhs
Tuition Fees
(Module V)		 INR 3 Lakhs
Hostel Charges INR 75,000
Refundable Caution Deposit INR 50,000
Alumni Association Fee INR 7,000
Total Fee INR 16.32 Lakhs

IIM Mumbai vs IIM Ahmedabad

Comparison between IIM Mumbai and IIM Ahmedabad across parameters are shown below in the image for MBA programs.

IIM Mumbai vs IIM Ahmedabad

From the above table it is observed that IIM Mumbai has a lower fees compared to IIM Ahmedabad for the courses  mentioned.

IIM Mumbai Courses & Fees 2026 FAQs

Ques. Are hostel charges included in the program fee at IIM Mumbai for all courses?

Ans. IIM Mumbai Hostel charges are included in the program fee for full-time residential programs such as the MBA and PGPEX. However, mess charges are usually separate and mandatory, payable as per institute norms.

Ques. What are the PhD specialisations offered at IIM Mumbai?

Ans. IIM Mumbai offers different specialisations in PhD as mentioned below.

Areas of Specialisation
Operations & Supply Chain Management Analytics & Data Science
Finance, Economics & Strategy Marketing
Sustainability Management Organisational Behaviour & HRM

Ques. Is IMAT necessary for admission to all the courses at IIM Mumbai?

Ans. IIM Mumbai conducts IIM Mumbai Admission Test (IMAT) for admission to PhD and executive programs. It includes research aptitude, analytical ability, and subject knowledge, mainly for doctoral admissions. It is used as part of the evaluation process.

All shortlisted candidates for PhD must attend the IMAT for the further admission process.

Fee Type Total Fee
Program Fee INR 25 Lakhs
Caution Money INR 50,000
Total Fee INR 25.5 Lakhs