The Indian Institute of Management (IIM) Mumbai is all set to revolutionise the landscape of higher education with its cost-effective MBA programmes. In the upcoming 2024-2025 academic year, IIM Mumbai will introduce three diverse MBA courses—MBA (general), MBA (sustainability and management), and MBA (operations and supply chain management). What sets these programmes apart is their uniform fee structure, making IIM Mumbai a standout choice among the prestigious IIM institutions.
Compared to its counterparts, IIM Mumbai is making higher education more accessible by charging a reasonable fee of ₹21 lakhs for these two-year MBA programs. This fee is notably lower than what is offered at IIMs Ahmedabad (₹31.5 lakhs), Calcutta (₹31 lakhs), and Bangalore (₹24.5 lakhs). With this fee structure, IIM Mumbai is not only making quality education more affordable but also presenting a viable alternative for students aspiring to pursue their MBA dreams.
The admission process for these programmes will be based on the Common Admission Test (CAT), just like other IIMs, ensuring a fair and standardised evaluation for all applicants. The versatility of these programmes caters to a wide array of students.
The MBA (general) and MBA (sustainability and management) courses are open to students from all academic backgrounds, breaking down traditional barriers to access. To enroll in the MBA (operations and supply chain management), candidates are required to have an engineering degree, although recent changes in eligibility criteria now consider students with statistics and mathematics backgrounds.
Before becoming IIM Mumbai, the institution formerly known as NITIE offered post-graduate diploma courses in industrial engineering, industrial management, and sustainability management, back then, only engineering graduates were eligible for admission to these courses, with a tuition fee of ₹7.5 lakhs. The transition to IIM Mumbai brings an exciting wave of inclusivity and affordability to these renowned programs.
The inaugural meeting of the institute’s board was attended by esteemed figures such as IIM Mumbai’s Board of Governors Chairman, Shashi Kiran Shetty, and the Institute’s Director, Manoj Kumar Tiwari. Their vision and commitment to accessible, high-quality education make IIM Mumbai a game changer in the world of MBA programmes.
In a world where education costs can be a significant barrier, IIM Mumbai is emerging as a beacon of hope, ensuring that quality education remains within reach. With its diverse MBA programmes and affordable fee structure, it’s an institution that promises a brighter future for aspiring business leaders and management professionals.
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To gather further details about the MBA programme for the 2023-24 academic year, please visit the website: https://www.pagalguy.com/mba. If you are interested in pursuing an MBA in India and preparing for the CAT 2023 exam, we recommend joining the CAT Prep 2023 community on PaGaLGuY. here, you can access CAT previous years’ question papers with solutions, read student reviews of CAT 2022, and find valuable resources to aid in your CAT preparation.