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Master of Business Administration [MBA] From IIT Bombay, Mumbai
| Years | year 1 | year 2 | ||
|---|---|---|---|---|
| Total Year Wise fees | ₹4.33 Lakhs | ₹4.15 Lakhs | ||
| Semester | 1 | 2 | 3 | 4 |
| Total Fees | ₹226000 | ₹207350 | ₹207350 | ₹207350 |
| Tuition fees | ₹200000 | ₹200000 | ₹200000 | ₹200000 |
| Admission fees | ₹8750 | - | - | - |
| other fee | ₹17250 | ₹7350 | ₹7350 | ₹7350 |
IIT Bombay Upcoming Application Dates 2024
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
Important Events
| Events | Dates |
|---|---|
| CAT 2024 Exam Date | Upcoming Nov 24, 2024 |
| CAT 2024 Result Date | Tentative Dec 26, 2024 |
Expired Events
| Events | Dates |
|---|---|
| CAT 2024 Admit Card Date | Oct 25, 2024 |
| CAT 2024 Registration Date | Aug 03, 2024 - Sep 20, 2024 |
Do you think the Dates are wrong ? Report Here
IIT Bombay Master of Business Administration [MBA] Ranking
Do you think the Rankings are wrong ? Report Here
Eligibility Criteria
Graduation with a CAT-2023 score or a professional qualification equivalent to that of a University degree recognized by UGC, in any discipline with minimum 60% marks (55% for SC/ST/PD). Final-year students are also eligible to apply. Such candidates, if selected, will be admitted provisionally, provided they complete all requirements for the qualifying degree with minimum percentage and CGPA or its equivalent by the specified date that will be intimated later. The percentage will be considered based on aggregate marks/CGPA awarded in qualifying degree examination.
OR
(IIT graduates (admitted through IIT-JEE) with a CGPA of 7.0 or above on 10 point scale are exempted from the requirement of CAT 2023.
Course Details
IIT Bombay MBA Admissions 2024 are ongoing. The institute has released the shortlisted of selected candidates. IIT Bombay is among the top 10 bschools in the country as per the NIRF 2023 rankings 2023. IIT Bombay MBA Aspirants need to score atleast 98% marks in CAT to clear IIT Bombay Cutoff. Once the cutoff criteria is done, further selection will be based on Academic background, work experience, Personal Interview and Diversity like factors. MBA at IIT Bombay is offered via Shailesh J Mehta School of Management (SJMSOM) with a total seat intake of 152. For MBA Admission at IIT Bombay, applicants will be shortlisted on the basis of CAT scores and academic qualifications. Shortlisted candidates will be called for a personal interview for the final selection. Candidates can expect the CAT Cutoff to range between 90 and 100 percentile.
SJMSOM IIT Bombay Placements 2023 has been concluded with 100% placements. The highest package stood at INR 54 LPA while the average package stood at INR 28.88 LPA. Recruiters like Accenture, Deloitte, EXL, HCL, PwC etc participated in the placement drive.
Table of Content
IIT Bombay MBA Eliigbility
- Graduation Degree holder in any subject from a recognized University or Institution.
- Minimum 60% marks secured in the qualifying examination.
- Candidates belonging to SC/ST category should have a minimum of 55% marks secured in the final examination.
- Appearing candidates can also apply for admission.
- CA/ICWA with a first-class Bachelor’s degree in any discipline having secured 60% marks (55% in case of candidates belonging to SC/ST/PWD category) in aggregate.
IIT Bombay MBA Cut off 2024
Minimum Cut-off Percentile considered for shortlisting in DPI Round:
| Category | Quant | VARC | DILR | Overall |
| General / EWS | 75 | 75 | 75 | 90 |
| NC-OBC | 67.5 | 67.5 | 67.5 | 81 |
| SC | 50 | 50 | 50 | 60 |
| ST | 50 | 50 | 50 | 60 |
| PWD | 50 | 50 | 50 | 60 |
Read More: IIT Bombay Cut off
IIT Bombay MBA Admission Criteria
Candidates applying for IIT Bombay MBA admission need to be clear about the selection criteria. The selection will be based on the aggregate score of 2 phases:
- First Phase: Shortlisting of candidates for the DPI round, based on the CAT 2023 scores.
- Second Phase: Candidates who qualify the DPI round will be called for counselling at IIT Bombay.
Phase 1: At stage 1, the candidates are shortlisted for the PI round based on CAT cut off percentile and composite score set by the institute. The candidates eligible for the stage 2 are called for the PI round.
Note: The actual section-wise and overall percentile of a short-listed candidate may be higher than the above-mentioned minimum percentile.
The shortlist of candidates selected for this stage will be based on the candidate's composite score of different parameters whose weightages are as mentioned below.
Parameters and Weightage for Phase 1
| Parameters | Weightage |
|---|---|
| Performance in CAT 2023 | 70% |
| Class XII | 5% |
| Graduation | 5% |
| Post Graduation/ Professional | 5% |
| Work Experience | 5% |
| Gender Diversity | 10% |
Once the candidate has appeared for the IIT Bombay PI round, the institute then prepares a final merit list to shortlist students for admission.
What are the questions asked in the IIT Bombay MBA PI round?
Phase 2: Final Selection: Preparation of the Merit List
The final Merit list of the candidates chosen for admission to MBA program at SJMSOM, IIT Bombay will be published based on the applicant's aggregate score in various parameters whose weightage are individually referenced underneath.
Parameters and Weightage for Phase 2
| Parameters | Weightage |
|---|---|
| CAT 2023 Overall Percentile Score | 42.5% |
| Personal Interview | 42.5% |
| Candidates Profile: | |
| Graduation | 5% |
| Work Experience | 5% |
| Extra-curricular Activities | 5% |
Note: Phase 2 of the Admission process will be evaluated out of a maximum of 95.
IIT Bombay MBA Admission: How to Apply?
- The application form can be filled online by visiting the official website of the school.
- Click on the application form link and fill in the required details within 50 minutes (as the session will expire after 50 minutes).
- Upload the scanned copies of the below-listed documents:
- Passport size photograph (jpg / jpeg/ png only with size not more than 40KB).
- Signature (jpg / jpeg / png only with size not more than 10KB).
- Graduation Certificate / Copy of latest semester mark sheet (for students appearing for the final semester or yet to receive Graduation Certificate) (PDF Only with size, not less than 500KB).
- Caste certificate (If applicable) (PDF only with size not less than 500KB).
- Physically disabled certificate for applicants with a disability. (PDF only with size not less than 500KB).
- CAT scorecard (PDF only with size not less than 500KB).
- Submit the application form along with the application fee through Net Banking/Debit/Credit Card.
IIT Bombay MBA Batch Profile 2023-25 Batch
IIT Bombay MBA Placements
The below table represents the highlights of 2023 MBA placement highlights of IIT Bombay:
| Particulars | Placements Statistics 2023 |
|---|---|
| Batch Size | 115 |
| Percentage of PPOs | 50% |
| Highest Package | INR 54 LPA |
| Average Package | INR 28.88 LPA |
| Top 25% Average Package | INR 40.80 LPA |
| Top 50% Average Package | INR 34.58 LPA |
| Top 75% Average Package | INR 31.41 LPA |
| Average Package (Female) | INR 29.35 LPA |
| Median Package | INR 26.64 LPA |
| Median Package (Female) | INR 28.90 LPA |
| Lowest Package | INR 20 LPA |
| Lowest Package (Female) | INR 23.50 LPA |
| Major Domains | FMCG / FMCD, Conglomerate |
IIT Bombay MBA Placements 2023 PPO – Wise
The below table represents the PPO – wise statistics of IIT Bombay MBA Placements 2023:
| Particulars | Salary Statistics |
|---|---|
| Average Package | INR 30.35 LPA |
| Lowest Package | INR 16 LPA |
IIT Bombay MBA Placements 2023 Sector – Wise
The below table represents the sector – wise statistics of IIT Bombay MBA Placements 2023:
| Sectors | Average Package | Students Split | Company Split |
|---|---|---|---|
| IT / E-commerce | INR 31.72 LPA | 17% | 14% |
| Consulting | INR 29.09 LPA | 21% | 16% |
| FMCG / FMCD | INR 28.88 LPA | 24% | 27% |
| Conglomerate | INR 28.54 LPA | 24% | 25% |
| BFSI | INR 25.63 LPA | 14% | 18% |
Read More: IIT Bombay Placements
IIT Bombay MBA FAQs
Ques. What is the eligibility requirement for IIT Bombay MBA?
Ans. IIT Bombay offers an MBA program on the basis of the CAT scores. However, there are also some eligibility criteria that candidates should meet. Students must have passed their bachelor’s degree or Master’s degree in any relevant discipline with a minimum of 6.5 CPI (6 for SC/ST/PwD category).
Ques. What is the curriculum structure of the MBA program at IIT Bombay?
Ans. The curriculum structure of the MBA program at IIT Bombay includes core courses in various management disciplines like Marketing, Finance, Operations, Human Resources, and Strategy. Additionally, there are multiple electives offered such as International Business, Economics, Information Technology, etc. Along with these, the institute provides internships, and mandatory industry internships to enhance the students’ fieldwork.
Ques. What is the selection process for the IIT Bombay MBA program?
Ans. IIT Bombay grants admission to its 2-year MBA program only through valid CAT scores. However, the selection process typically includes Group Discussion (GD) and Personal Interview (PI) conducted by the institute. The final selection of the candidates is based on their performance in these stages.
Ques. Can I apply for the IIT Bombay MBA course even if my final semester’s results are awaited?
Ans. Candidates who are in their final year of the degree and whose final results are awaited can apply for the MBA course at IIT Bombay. In this case, students must have secured at least 60% of aggregate marks (55% for SC/ST/PWD) or equivalent in the latest exam that has been concluded and whose scores are available. The admission will depend on meeting the eligibility criteria of the MBA program.
Ques. Does IIT Bombay offer any summer placements to its MBA students?
Ans. IIT Bombay offers summer placements in the early part of the academic year to provide its MBA students with practical experience in real-world work. In 2023, the institute welcomed a total of 38 companies to run the placement drive. The highest stipend offered to the candidates was INR 4.40 LPA with an average stipend of INR 3.03 LPA.
Master of Business Administration [MBA] Comparison
| IIT Bombay | IIT Delhi | IIT Kanpur | IIT Kharagpur | |
|---|---|---|---|---|
| Reviews Rating | - | - | - | - |
| Cost To Study | Total Fees ₹848050 (2 Years ) | Total Fees ₹1324000 (2 Years ) Hostel Fees ₹17200 | Total Fees ₹474250 (2 Years ) | Total Fees ₹1130600 (2 Years ) |
| Ranking | # Ranked 11/125 by NIRF Management Ranks | # Ranked 4/125 by NIRF Management Ranks | # Ranked 20/125 by NIRF Management Ranks | # Ranked 12/125 by NIRF Management Ranks |
| Highest Salary | ₹36700000 | ₹20000000 | ₹19000000 | ₹26000000 |
| Average Salary | ₹2182000 | ₹2582000 | - | - |
| General Course Details | Duration - 2 Years Course Offered - Full Time Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree | Duration - 2 Years Course Offered - Full Time Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree | Duration - 2 Years Course Offered - Full Time Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree | Duration - 2 Years Course Offered - Full Time Mode - Full Time Degree Type - On Campus Course Level - Post Graduation Course Credential - Degree |
| Eligibility | Graduation with 60% + CAT | Graduation with 60% + CAT | Graduation + CAT | Graduation with 50% + CAT |
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IIT Bombay: 3 Answered Questions
Which is better, NMIMS or IIT Mumbai for an MBA?
No doubt all the institutes you mentioned are excellent in their respective standards and fields. But the primary element that should be stressed before choosing a college is what kind of MBA you are looking for. You should determine the specialization you are willing to go for, the kind of curriculum and crowd you are expecting, and various other factors.
You need to keep in mind that an MBA degree will pose just as a stepping stone to success and cannot guarantee your success. The ultimate determining factor is the level of knowledge you gain and how you perform throughout.
All the Institutes you mentioned are top-notch and are globally recognized knowledge hubs. You cannot make a choice just on the basis of your preference. You will have to work tremendously hard to make it into these esteemed institutes.
Which must one choose: M.Tech. from IIT Bombay or MBA from IIM Bangalore?
An MTech from IIT Bombay and an MBA from IIM Bangalore are two very different options. While one focuses on technological aspects the other focuses on managerial aspects. So before even dwelling on the worth of the courses individually you should self-analyze your inclinations and choose one path you are sure about.
Jot down your short and long-term goals. What exactly are you willing to do in your life apart from earning money? Are you more inclined to the corporate world or are the technical elements that attract you more? Having clarity of goals and understanding of what you want from your life is the primary determining factor for choosing your college as well as course.
Objectively, both courses offer a plethora of job prospects and you will gain a lot by choosing any of the two. But making a wise decision here is most important. Choosing an MBA just because it has good career prospects despite having an interest in technology is deluding yourself. You cannot attain success unless you are sincerely passionate about the field you are pursuing.
After a B.Tech from an IIT, should one go for an MBA from IIT Bombay / Delhi or from newer IIMs like Kozhikode or Ranchi?
The answer to your question is objectively based solely on your inclinations. IITs might offer a better ROI than IIMs. But had I been in your place I would have gone for the newer IIMs like Kozhikode or IIM Ranchi which is one of the fastest-growing IIMs. The reasons for taking this decision would have been
- Better opportunities in finance, marketing, and consulting domains.
- Better placement opportunities
- Better industry exposure
- The prestige of being a part of the IIM alumni network
- The IIM tag
All these points make IIM a more tempting choice. Yet if you are tight on budget and just want to go for the Operations domain IIT will do fine for you.
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