For its inaugural two-year master of business administration (MBA) programmes from the 2024-2025 academic year, the Indian Institute of Management (IIM) Mumbai will charge a lesser— INR 21 lakh — fee than IIMs Ahmedabad (INR 31.5 lakh), Calcutta (INR 31 lakh), and Bangalore (cINR 24.5 lakh)
On October 18, the fee structure was discussed at the institute’s first board meeting since the National Institute of Industrial Engineering (NITIE) was designated as IIM Mumbai after the passage of the Indian Institutes of Management (Amendment) Act this year.
Before it became IIM Mumbai, the NITIE offered post-graduate diploma courses in industrial engineering, industrial management, and sustainability management. Only engineering graduates were eligible for admission to these courses and the tuition fee was INR 7.5 lakh.
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The fee structure will be same for the three courses that will be offered at IIM Mumbai—MBA (general), MBA (sustainability and management), and MBA (operations and supply chain management). The admission to the courses will be finalised through the Common Admission Test.
The first two courses will be accessible to students from all academic backgrounds. Following changes in eligibility criteria, students with statistics and mathematics backgrounds will also be considered for this course.
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