IIM Mumbai fees for 2027 range from INR 25 Lakhs to INR 31.20 Lakhs for full-duration programs listed in the fee details. The institute offers MBA, PGDEx-VLFM, Regular PhD, BS in Digital Science and Business Management, and MBA-PGPEx, along with other management, executive, undergraduate, and doctoral programs. Students may also need to pay caution money, application fees, hostel charges, mess charges, alumni fees, and applicable government taxes, depending on the program.

  • MBA fee: The complete 2-year program fee is INR 25 Lakhs, and students also pay a refundable caution money deposit of INR 50,000.
  • PGDEx-VLFM fee: The total fee is INR 16.32 Lakhs, with INR 11.07 Lakhs payable to IIM Mumbai and INR 5.25 Lakhs payable to IIT Delhi.
  • Regular PhD fee: Scholars staying on campus pay INR 65,000 in the first year and INR 55,000 from the second year onwards. Scholars staying outside campus pay INR 41,000 in the first year and INR 31,000 from the second year onwards.
  • BS fee: The complete 4-year residential program costs INR 31.20 Lakhs.

Note: These fee details are based on the latest available fee structures and may change for the 2027 admission cycle. Students should check the latest official fee notice before applying.

IIM Mumbai UG Fees 2027

IIM Mumbai offers the BS in Digital Science and Business Management as a 4-year full-time residential undergraduate program. The program is taught at the IIM Mumbai campus and combines digital technologies with business and management education.

Fee Stage BS Fee Amount
Complete Program Fee INR 31.20 Lakhs
1st Year INR 7.95 Lakhs
2nd Year INR 7.75 Lakhs
3rd Year INR 7.75 Lakhs
4th Year INR 7.75 Lakhs

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

IIM Mumbai BS Application Fee

  • Students applying for the BS program must pay a one-time registration fee of INR 2,000.
  • SC/ST/PwD candidates pay an application fee of INR 1,000. This fee is non-refundable and non-adjustable.

IIM Mumbai PG and Executive Fees 2027

IIM Mumbai postgraduate and executive program fees differ by course. The MBA programs have a total program fee of INR 25 Lakhs, PGDEx-VLFM has a combined fee of INR 16.32 Lakhs, and MBA-PGPEx has separate annual and module-wise payment choices.

IIM Mumbai MBA Fee

The 2-year MBA fee applies to MBA, MBA in Operations and Supply Chain Management, and MBA in Sustainability Management.

MBA Fee Detail Amount
Total Program Fee INR 25 Lakhs
Refundable Caution Money Deposit INR 50,000

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

  • The caution money deposit of INR 50,000 is returned after successful program completion, after any pending dues are adjusted.
  • Mess charges and the mess deposit are not part of the program fee.
  • Students must pay mess fees for one year in advance as per institute rules.

Student discussions compared the recent increase in IIM Mumbai fees across batches. The 2023-25 batch fee was stated as INR 15 Lakhs, followed by INR 21-22 Lakhs for the 2024-26 batch and INR 25.5 Lakhs for the 2026-28 batch. The same discussion noted that the earlier batch had a strong fee-to-placement return, while later fee increases raised concerns.

IIM Mumbai PGDEx-VLFM Fees

PGDEx-VLFM is a 1-year full-time residential executive diploma jointly run by IIM Mumbai and IIT Delhi. The course covers manufacturing leadership, operations, supply chain management, strategic planning, business excellence, and digital transformation, with Technology, Process, and Management as its three core pillars.

Institute Fee Detail Amount
IIM Mumbai Tuition Fee, Modules I, II and IV INR 6.75 Lakhs
IIM Mumbai Tuition Fee, Module V INR 3 Lakhs
IIM Mumbai Hostel Charges INR 75,000
IIM Mumbai Refundable Caution Money Deposit INR 50,000
IIM Mumbai Alumni Association Fee INR 7,000
IIM Mumbai Total Payable INR 11.07 Lakhs
IIT Delhi Tuition Fee, Module III INR 5.25 Lakhs
IIT Delhi Total Payable INR 5.25 Lakhs

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

  • The International Trek cost is charged separately and is not included in the program fee.
  • IIT Delhi decides the fee for Module III.

PGDEx-VLFM Application Fee

  • Indian Applicants: INR 3,500
  • Foreign Applicants: USD 100

IIM Mumbai MBA-PGPEx Fees

MBA-PGPEx is a 1-year postgraduate course for executives. Students can choose either the annual payment route or the module-wise payment route.

  • Annual payment: INR 15 Lakhs plus applicable government taxes
  • Module-wise payment: INR 16 Lakhs plus applicable government taxes

The fee covers academic charges, facility charges, and a refundable caution money deposit of INR 50,000.

Annual Fee Payment Structure, Total: INR 15 Lakhs

Payment Stage Due Point Amount
Seat Confirmation Fee Before the admission deadline INR 1 Lakh
First Instalment Before commencement of the program INR 7.22 Lakhs
Second Instalment Before commencement of the 2nd year of the program INR 6.78 Lakhs

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

Note: In the module-wise payment option, the program fee is INR 16 Lakhs plus applicable government taxes. Students pay this amount in instalments as per the module-wise payment schedule set by IIM Mumbai.

IIM Mumbai Regular PhD Fees 2027

IIM Mumbai Regular PhD fees depend on the scholar's stay arrangement. The fee is different for scholars living on campus and scholars living outside the IIM Mumbai campus.

Regular PhD Fee Structure for Scholars Residing on Campus

Fee Component 2nd Year Onwards 1st Year
Admission Fee - INR 2,000
Tuition Fee INR 24,000 INR 24,000
Facilities Charges INR 6,000 INR 6,000
Hostel Charges INR 24,000 INR 24,000
IIM Alumni Association Fee - INR 3,000
Library Fee INR 1,000 INR 1,000
Caution Money Deposit - INR 5,000
Total Fees INR 55,000 INR 65,000

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

Regular PhD Fee Structure for Scholars Residing Outside Campus

Fee Component 2nd Year Onwards 1st Year
Admission Fee - INR 2,000
Tuition Fee INR 24,000 INR 24,000
Facilities Charges INR 6,000 INR 6,000
IIM Alumni Association Fee - INR 3,000
Library Fee INR 1,000 INR 1,000
Caution Money Deposit - INR 5,000
Total Fees INR 31,000 INR 41,000

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

  • From the 2nd year onwards, scholars pay the fees at the start of each academic year until thesis submission.
  • The caution money deposit of INR 5,000 is refundable after pending dues are adjusted.
  • Alumni Life Membership of INR 10,000 must be paid after thesis defense.
  • On-campus hostel rooms are limited and are allotted as per institute rules. Eligible scholars who do not get campus accommodation may receive HRA at 30% of the monthly stipend, subject to the applicable conditions.
  • If a scholar leaves the program or is terminated and the vacant seat cannot be filled, the academic and annual charges already paid may be forfeited. The caution deposit is refundable after applicable deductions.

IIM Mumbai Fees vs Other IIMs

Students comparing IIM Mumbai with other IIMs can check total fees, highest package, and average package figures in the table below.

Institute Average Package Highest Package Total Fees
IIM Mumbai INR 30.11 LPA INR 54 LPA INR 25 Lakhs
IIM Rohtak INR 20.03 LPA INR 37.10 LPA INR 18.7 Lakhs
IIM Shillong INR 27.03 LPA INR 71.50 LPA INR 26.18 Lakhs
IIM Visakhapatnam INR 15 LPA INR 81.43 LPA INR 23.58 Lakhs

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

IIM Mumbai Withdrawal Policy

IIM Mumbai applies separate withdrawal and fee refund rules for different programs. A student must submit the withdrawal request within the suggested deadline and complete the process mentioned by the institute.

  • Students who withdraw within the mentioned deadline can get a refund as per program rules, after applicable deductions.
  • Withdrawal after the deadline or after classes begin is handled under the refund rules of the specific program.
  • Application fees are non-refundable.
  • Caution money deposits are refundable after pending dues are adjusted.

IIM Mumbai MBA-PGPEx Refund Policy

For MBA-PGPEx, the refund amount changes according to the fee paid and the withdrawal stage.

Withdrawal Stage Fee Already Paid Refund Amount
After commencement of classes Full program fee of INR 15 Lakhs / INR 16 Lakhs INR 50,000
After commencement of classes INR 7.50 Lakhs / INR 8 Lakhs INR 25,000
After the prescribed deadline INR 1 Lakh seat confirmation fee No refund

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

IIM Mumbai Scholarships 2027

IIM Mumbai provides alumni-sponsored scholarships for eligible students and financial support for Regular PhD scholars. The scholarship amount and eligibility rules depend on the specific scheme.

Scholarship / Assistance Benefit Eligibility / Basis
Rangan Scholarship Scholarship assistance; amount as per applicable scheme Selected first-year students as per scholarship criteria
Madala Scholarship Scholarship assistance; amount as per applicable scheme Selected first-year students as per scholarship criteria
Singhal Scholarship Scholarship assistance; amount as per applicable scheme Selected first-year students as per scholarship criteria
Financial Assistance Scholarship Financial assistance; amount as per applicable scheme Selected students based on applicable criteria
International Conference Grant Up to INR 2 Lakhs Eligible Regular PhD scholars

Disclaimer: Subject to revision. Kindly check with the official sources to confirm

IIM Mumbai Fees FAQs

Ques. Do MBA students pay mess charges within the IIM Mumbai MBA fee?

Ans. No. The MBA program fee does not include mess charges or the mess deposit. Students have to pay mess fees for one year in advance as per institute rules.

Ques. Are instalment options available for IIM Mumbai fees?

Ans. Yes. Some courses, including MBA-PGPEx and MBA-PGPM, allow fee payment through annual or module-wise options.

Ques. Is the MBA-PGPEx seat confirmation amount charged over and above the program fee?

Ans. No. For programs such as MBA-PGPEx, the seat confirmation fee of INR 1 Lakh is adjusted against the total program fee.

Ques. How much refund is given if a student leaves IIM Mumbai after classes start?

Ans. The refund depends on the program and the amount paid. In MBA-PGPEx, a student who paid the full program fee gets INR 50,000, while a student who paid the partial fee gets INR 25,000.

Ques. Which scholarships are available for MBA students at IIM Mumbai?

Ans. IIM Mumbai offers alumni-sponsored scholarships such as Rangan, Madala, Singhal, and Financial Assistance Scholarships. Each scheme has its own eligibility rules and scholarship amount.

Ques. Are hostel charges part of IIM Mumbai fees?

Ans. Hostel charges vary by course. Regular PhD fees include hostel charges for scholars staying on campus, while MBA students pay mess charges and deposits separately.

Ques. What fee rule applies if a Regular PhD scholar leaves the course?

Ans. If a Regular PhD scholar discontinues or is terminated and the seat cannot be filled, the academic and annual charges paid may be forfeited. The caution money deposit is returned after applicable dues are adjusted.