The Indian Institute of Technology Bombay is a public engineering and research institution in Powai, Mumbai, India. Established in 1958, it is widely recognized as a frontrunner in engineering education, management training, and research. The institute also features a comprehensive degree and diploma program that provides doctoral degrees in science, technology, engineering, and mathematics.
The Shailesh J. Mehta School of Management, or SJMSOM or SOM, is a public business school that is an integral part of the Indian Institute of Technology Bombay. The school provides a comprehensive Master of Business Administration degree program for the faculty members of technical and management institutions which can also be referred to as IIT Bombay MBA. SJMSOM was established in 1995 and the school was ranked 11 in India in the National Institutional Ranking Framework Management ranking in 2022 for their IIT Bombay MBA program. The online admissions procedure is completed through the CAT examination, followed by group discussions and personal interviews and proceed with the IIT Bombay MBA program.
The Master of Business Administration (MBA) program at the Indian Institute of Technology Bombay spans over two years, comprising eight terms/semesters. The IIT Bombay MBA program is a flagship program offered at the School of Management, that aims to cultivate managers with a comprehensive understanding of all business functions. Students may choose to select electives from any or all disciplines and the IIT Bombay MBA has tie-ups with some of the most renowned companies like Flipkart, Asian Paints, Britannia, Colgate Palmolive, HUL and more. Here are some of the key highlights related to the IIT Bombay MBA program.
|
Institute |
Indian Institute of Technology, Bombay (IIT Bombay) |
|---|---|
|
Location |
Powai, Mumbai, India |
|
Program |
Masters of Business Management (MBA) |
|
Program Specializations |
|
|
Admission |
Online |
|
Accepted Entrance Exam |
Common Admission Test (CAT) |
|
Program Fees |
INR 8,15,000 per year |
|
Eligibility Criteria |
60% in the bachelor’s program |
|
Highest Package |
INR 72,00,000 |
|
Average Package |
INR 28,01,000 |
|
Lowest Package |
INR 4,00,000 |
|
Top Recruiters |
Accenture Strategy, Deloitte USI, GEP, Kearney, PwC, Synergy Consulting, Amazon, eBay, Flipkart, Asian Paints, Britannia, Colgate Palmolive, HUL, L'Oréal, Marico, Mondelēz, P&G, and Reckitt, Castrol, Dr. Reddy's Laboratories, Haleon, and Johnson & Johnson, and more. |
IIT Bombay is one of the oldest and most renowned management institutes. The IIT Bombay MBA admissions are conducted online through the university’s official web portal. The School of Management (SOM) IIT Bombay eligibility criteria vary from candidate to candidate and degree to degree. IIT Bombay selection criteria are set by the university that candidates need to follow and proceed further with the admission process. Here are some of the basic IIT Bombay MBA admission criteria set by the university that need to be followed by the candidates.
Candidates belonging to the CA, CS, CFA, ICWA or FRM field 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 (including all years/semesters) or minimum CPI of 6.5 (6 in case of candidates belonging to SC/ST/PWD category) out of 10 from institutions/universities or possess an equivalent qualification recognized by the Ministry of Education, Government of India.
IIT Bombay MBA fees are one of an important factor that affects the course structure and include tuition fees, admission fees, exam fees, hostel fees and more. The MBA in IIT Bombay fees including the total tuition fees at the Shailesh J. Mehta School of Management (SJMSOM) is INR 2,00,000. There is also a one-time admission IIT Bombay fee for MBA which is non-refundable of INR 10,000. In addition to the course fee, candidates must pay an application fee to submit their MBA application form. Here is the IIT Bombay fees MBA program structure that has to be paid by the interested applicants.
|
Fee Components |
Program Fees for General/OBC |
Program Fees for SC/ST/PD |
|---|---|---|
|
Admission fee (one-time payment) |
INR 2,550 |
INR 2,550 |
|
Graduation Transcript Fees (one-time payment) |
INR 600 |
INR 600 |
|
Medical Examination (one-time payment) |
INR 500 |
INR 500 |
|
Provisional Certificate (one-time payment) |
INR 600 |
INR 600 |
|
Student Welfare Fund (one-time payment) |
INR 1,150 |
INR 1,150 |
|
Modernisation & Upgradation (one-time payment) |
INR 2,900 |
INR 2,900 |
|
Identity Card (one-time payment) |
INR 600 |
INR 600 |
|
Total |
INR 8,900 |
INR 8,900 |
|
Fee Components |
Program Fees for General/OBC |
Program Fees for SC/ST/PD |
|---|---|---|
|
Tuition Fee - Statutory fees [per semester fees] |
INR 2,00,000 |
- |
|
Examination Fee [per semester fees] |
INR 1,150 |
INR 1,150 |
|
Registration Fee [per semester fees] |
INR 850 |
INR 850 |
|
Gymkhana Fee [per semester fees] |
INR 2,000 |
INR 2,000 |
|
Student Benevolent Fund [per semester fees] |
INR 600 |
INR 600 |
|
Medical Fee [per semester fees] |
INR 1,750 |
INR 1,750 |
|
Hostel Rent [per semester fees] |
INR 2,300 |
INR 2,300 |
|
Elect. & Water Charges [per semester fees] |
INR 3,450 |
INR 3,450 |
|
Hostel Establishment Charges [per semester fees] |
INR 3,450 |
INR 3,450 |
|
Mess Establishment Charges [per semester fees] |
INR 1,800 |
INR 1,800 |
|
Student Accident Insurance Fund (SAIF) [per semester fees] |
INR 250 |
INR 250 |
|
Other Specified Fees [per semester fees] |
INR 1,30,000 |
INR 1,30,000 |
|
Total |
INR 3,47,600 |
INR 1,47,600 |
|
Fee Components |
Program Fees for General/OBC |
Program Fees for SC/ST/PD |
|---|---|---|
|
Institute Security Deposits (Refundable Deposits) |
INR 3,000 |
INR 3,000 |
|
Library Security Deposits (Refundable Deposits) |
INR 3,000 |
INR 3,000 |
|
Mess Security Deposits (Refundable Deposits) |
INR 3,000 |
INR 3,000 |
|
Total |
INR 9,000 |
INR 9,000 |
|
Fee Components |
Program Fees for General/OBC |
Program Fees for SC/ST/PD |
|---|---|---|
|
Grand Total |
INR 3,65,500 (8,900+3,47,600+9,000) |
INR 1,65,500 (8,900+1,47,600+9,000) |
The IIT Bombay admission MBA program is an online process conducted through the university’s official website. The MBA admission is determined by the national-level entrance examination CAT, which is subsequently followed by various rounds of counselling and interviews. Students aspiring to gain admission to IIT Bombay MBA courses must meet the minimum eligibility criteria. The selection rounds of the IIT Bombay MBA comprise entrance exams, counselling rounds, written tests, and a few rounds of interviews. The final admissions to SJMSOM are determined by the combined score of the CAT and PI that candidates gain. Here is the IIT Bombay MBA admission process that candidates need to follow.
The admission process will then proceed with the counselling round, group discussion and personal interview for the shortlisted candidates.
The IIT Bombay MBA program offers admission to applicants based on the CAT Cutoff. The minimum CAT IIT Bombay MBA cut-off for the general category is 90 percentile. Factors that determine the cut-off include the number of candidates who appear for the exam, the difficulty level of the exam, the candidate's performance, and the number of seats available for the candidates. The IIT Bombay MBA CAT cut-off for 2023 is 90 percentiles for General/EWS applicants, 81 per cent for NC-OBC candidates, and 60 per cent for SC/ST/PwD candidates. Here is the qualifying IIT Bombay MBA CAT cutoff 2023 released by the university for different categories of students.
|
Category |
Overall |
VARC |
DILR |
QA |
|---|---|---|---|---|
|
General / EWS |
90 |
75 |
75 |
75 |
|
NC-OBC |
81 |
67.5 |
67.5 |
67.5 |
|
SC |
60 |
50 |
50 |
50 |
|
ST |
60 |
50 |
50 |
50 |
|
PWD |
60 |
50 |
50 |
50 |
In the year 2024, SJMSOM IIT Bombay MBA placements achieved a 100% success rate. The IIT Bombay MBA placements average package amounted to INR 28,88,000, while the IIT Bombay highest package MBA program reached to INR 54,00,000. The companies provide enticing opportunities in various domains for management students, and the institution has performed commendably in comparison to competing establishments. Students have been offered 47% pre-placement offers and the successful placement drive is indicative of the curriculum and the training received by these management students. The IIT Bombay average package MBA graduates experienced an 11% rise from the previous placement records. Here are the IIT Bombay placements MBA program records.
|
Program |
Masters of Business Management (MBA) |
|---|---|
|
Placement Rate |
100% |
|
IIT Bombay MBA highest package 2024 |
INR 72,00,000 |
|
IIT Bombay MBA average package 2024 |
INR 28,01,000 |
|
IIT Bombay MBA Median package |
INR 17,92,000 |
|
IIT Bombay MBA Lowest package |
INR 6,00,000 to INR 4,00,000 |
|
BFSI average package |
INR 25,63,000 |
|
Consulting average package |
INR 29,09,000 |
|
Major Domains |
|
|
Profiles Offered |
Investment Banking, Management Consulting, Product Management, Strategy, Business Analyst, Investment Banking Analyst, Liabilities Product Manager, Risk Manager, Strategy Analyst, Treasury, and more. |
|
Top recruiters |
|
In conclusion, the SJSOM IIT Bombay MBA program has established itself as a leading institution in management education, empowering leaders for a dynamic business world. The Shailesh J. Mehta School of Management (SJMSOM) at the Indian Institute of Technology Bombay (IIT Bombay) has a successful MBA program with a 100% placement rate and a high average salary. The IIT Bombay MBA syllabus consists of a rigorous curriculum that has a judicious blend of courses from all functional areas of management. The SJMSOM at IIT Bombay MBA seats is 152 offered to candidates who wish to pursue management and business administration. The institute maintains strong ties with leading companies, both nationally and internationally, fostering collaborations for internships, live projects, and industry mentorship programs and the IIT Bombay MBA package also varies from course to course and specialisation that they choose. The IIT Bombay MBA ranking granted by NIRF in 2024 is 10th among the top MBA institutes in India. With its focus on academic rigour, industry integration, and holistic development, SJSOM continues to nurture exceptional talent and produce business leaders who excel in a fast-paced and ever-changing business landscape.
