This collaboration aims to nurture skilled managers and leaders by providing exceptional management education across India.
The Indian Institute of Management (IIM) Mumbai has officially joined the CFA Institute's University Affiliation Program, further elevating the stature of its Master in Business Administration (MBA) program. This collaboration aims to nurture skilled managers and leaders by providing exceptional management education across India.
Empowering Future Leaders
The CFA Institute's University Affiliation Program is designed to equip graduates with the essential tools needed for professional growth. According to Arati Porwal, Country Head of CFA Institute in India, this initiative ensures that students are well-prepared to excel in the rapidly evolving investment management landscape.
Commitment to Excellence
Dr. Manoj Tiwari, Director of IIM Mumbai, emphasized the importance of this partnership, stating, “Our MBA program is dedicated to producing socially conscious managers who benefit from world-class education. This collaboration with CFA Institute significantly enhances our diverse learning experience. By integrating the latest practices in investment analysis, the CFA Program promotes adherence to high ethical and professional standards, ultimately cultivating superior investment management professionals.”
Growing Optimism in Investment Management Careers
Arati Porwal also highlighted recent research indicating that Indian graduates are increasingly optimistic about their career prospects in global investment management. This optimism underscores the critical role of continuous professional development, emphasizing the need for partnerships between leading educational institutions, professional bodies, and industry stakeholders to foster growth and collaboration.
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IIM Mumbai is a good institution when it comes to academics as claimed by its alumni. Faculty at IIM Mumbai are well-qualified and the students of this institute get a chance to work on research projects along with the professors. IIM Mumbai has been ranked 6th under ‘Management’ category by the NIRF in 2025.
Earlier, there was no IIM in Mumbai. But now NITIE Mumbai has been renamed to IIM Mumbai. The institute has been ranked 7 under ‘Management’ category by the NIRF in 2023. NITIE has always been at par with IIMs when it comes to Management category rankings. As per the report by Hindustan Times "As per the gazette published by the Ministry of Law and Justice, NITIE will continue to function until a new board is constituted for IIM under this act. After the constitution of a new board under this act, the old board will dissolve."
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Yes, there is an IIM Mumbai which was established by the Government of India in 1963. IIM Mumbai is ranked 6th by NIRF 2025 under the Management category. The college is also ranked 401–600 by the Times Higher Education 2023 Impact ranking. IIM Mumbai offers PG and various other courses to students. All the programmes provided by the college are full-time residential programmes.