IIM Mumbai offers several scholarship schemes to the candidates on a merit and needs basis. The details regarding the same are enlisted below:
- GATE-qualified candidates are entitled to Teaching Assistantship (at present INR 12,400 per month) and contingency expenditure as per rules.
- SC/ ST candidates are offered financial assistance as per the scheme of Govt. of India subject to the satisfactory fulfillment of terms and conditions mentioned therein.
IIM Mumbai Scholarship: Types and Eligibility
Candidates can check the table below to know detailed information about IIM Mumbai Scholarships:
| Scholarship/ Fee Waiver Scheme | Eligibility | Fee Waiver |
|---|---|---|
| Type 1 Need-based Scholarship | Students with annual family income below INR 2.5 lakhs | 30% tuition fee waiver |
| Type 2 Need-based Scholarship | Students with annual family income below INR 1 lakh | 50% tuition fee waiver |
| GATE Qualified | Students who have qualified GATE | INR 12,400 monthly stipend + annual contigency grant |
| Central Sector Scholarship for SC Students | SC category studnets with family income below INR 8 lakhs annually | Covers full tuition fee+ additional allowances as per government norms |
| Central Sector Scholarship for ST Students | ST category studnets with family income below INR 8 lakhs annually | Covers full tuition fee+ additional allowances as per government norms |
| Corporate/Industry Sponsored Scholarship | Based on sponsor-specific criteria such as academic merit, interview, leadership or performance | May cover partial or full tuition fee |
| Merit-based Scholarships/Awards | High academic performance and overall excellence during the MBA program | Financial award or partial tuition support (varies by scholarship) |
| OBC (NCL) students under Instituitional Waiver | OBC (NCL) students meeting income criteria of Type 1 or Type 2 schemes | Eligible for 30% or 50% tuition fee waiver depending on income bracket |
| Annual Scholarship Review | Existing scholarship holders maintaining academic performance and financial eligibility | Continuation of Scholarhsip/waiver after yearly review |
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IIM Mumbai Scholarships FAQs
Candidates can check the FAQs below:
The application fee for PGDISEM programme offered at IIM Mumbai is INR 1,000 (INR 500 in case of SC/ ST/ PwD candidates) for applicants from India and SAARC countries. For international applicants, the application fee is 50 USD 50 along with the bank charges (as applicable).
The total tuition fee of IIM Mumbai varies from one course to another. Other than the course fee, students are required to pay the registration fee which is INR 1,000 for most courses and INR 500 for reserved category. The below table mentions IIM Mumbai fee for top courses:
Courses | Total tuition Fees |
|---|---|
MBA/PGDM | INR 8.5 lakh |
PG Diploma | INR 1.5 lakh |
Note: The above-mentioned fee is taken from an unofficial source. Hence the information may vary.
Reviews (Showing 4 of 4 reviews)
Placements: It has impressive placements, with timely assistance every time when sorting them out for help. Out of 206 companies, 52 companies specifically came for recruitment from our discipline in 2025. Accenture and Infosys are one of the companies offering the highest packages.
Placements: IIM, Mumbai, is one of the best management college of India. Almost 80–90% of the students gets successfully placed in the MBA course at this college. Various top companies visits our college for placements. average package offered at the college was between 8 and 15 LPA. The top recruiters at the college were Amazon, Flipkart, Microsoft, Goldman Sachs, Apple, etc.
Placements: Senior consultant, production and logistics manager, sourcing manager, etc., roles are offered. 100% placements are achieved by the last 3 batches. The median salary package offered was 15 LPA. People were placed in organisations like PWC, E&Y, Hero Motocorp, Reliance Retail, among others. TVS sponsorship is done for its executives.
Placements: So basically, almost 89% of students are placed. There is the highest package of 1 crore and the lowest package of 400k. There are huge companies like Microsoft, Apple, IBM. Almost 58% of students got internships. The best roles offered are in teaching, where they treat us like friends.
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- IIM Mumbai Scholarship Details
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- IIM Mumbai Placements 2026: Highest Package, Average Package, Top Recruiters
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Student Forum
Anything you would want to ask experts?Answered a year ago
To apply for the various scholarships offered at IIM Mumbai, students need to visit the official website of the institute. IIM Mumbai provides various government-aided scholarships to PhD scholars. The links for all of the scholarship portals are made available on the site. Applicants can fill out t
P
Contributor-Level 10
Answered a year ago
IIM Mumbai offers financial assistance in the form of financial assistance to PhD scholarships. During the first and second years of the PhD, students get INR 37,000 per month. Additionally, during the third, fourth and fifth years of the programme students receive INR 42,000 per month as a stipend.
K
Contributor-Level 10
Answered 3 years ago
IIM Mumbai offers several scholarship schemes to the candidates on a merit and needs basis. The details regarding the same is GATE-qualified students are entitled to Teaching Assistantship (at present INR12400 per month) and contingency expenditure as per rules. SC/ST students are granted Central Se
Contributor-Level 10
Answered 2 months ago
Candidates wishing to get selected for admission in MBA programme of IIM Mumbai must fulfil the eligibility criteria. Applicants should qualify the cutoff of CAT exam. Selection is done based on various factors such as: CAT score, Class 10 and Class 12 scores, Gender diversity, personal interview an
R
Contributor-Level 10
Answered 2 months ago
Yes, candidates can get admission to specific executive or online MBA programs at IIM Mumbai without the CAT by using alternative exams like GMAT or GRE, or by clearing the institute's own entrance test. However, the regular, full-time flagship MBA programme strictly requires a valid CAT score.
R
Contributor-Level 10
Yes, IIM Mumbai offers financial assistance as scholarships to meritorious students. GATE-qualified candidates are entitled to Teaching Assistantship (at present INR 12,400 per month) and contingency expenditure as per rules. In addition to this, SC/ST candidates are offered financial assistance as per the scheme of Govt. of India.