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Indian Institute of Management Mumbai- Scholarships

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institute of national importance

Indian Institute of Management Mumbai, formerly known as NITIE, is a premier institution located in Mumbai. Established with a rich legacy in 1963 and converted to an IIM in 2023, it is an Institute of National Importance. Ranked 6th in NIRF 2024 for Management, IIM Mumbai is recognized for its academic strength in management, particularly in operations and supply chain, and its strong placement record.

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Mumbai, Maharashtra

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More about IIM Mumbai Scholarships

Indian Institute of Management Mumbai stands as a leading management institution in India, recently elevated to the prestigious IIM fraternity in August 2023. Carrying forward the distinguished legacy of the National Institute of Industrial Engineering (NITIE), which was established in 1963, IIM Mumbai is now an Institute of National Importance situated in the financial hub of Mumbai. The institute has quickly made its mark, securing the 6th position in the NIRF Management rankings for 2024. The campus, often referred to as "God's Own Campus" due to its lush green surroundings near Vihar Lake, spans 67 acres, providing a conducive environment for learning and growth. IIM Mumbai offers a range of postgraduate and doctoral programs, including the flagship MBA, MBA in Operations and Supply Chain Management, and MBA in Sustainability Management, alongside PhD and Executive programs. Admission to these programs is primarily based on competitive entrance exams such as CAT, GMAT, and GRE. With a dedicated faculty of around 60 academicians and a total enrolled student body of approximately 1200, the institute fosters a vibrant academic ecosystem. IIM Mumbai is well-regarded for its strong industry connections, facilitating valuable interactions and robust placement opportunities. For the 2024 placement season, the institute achieved a 100% placement rate, with the highest salary reaching ₹54 LPA and the average salary standing at ₹31 LPA. The institute also promotes global exposure through student exchange programs and collaborations with renowned international universities, further enriching the student experience.

Scholarships for programs at IIM Mumbai

Browse the complete list of scholarships offered at IIM Mumbai for undergraduate, postgraduate, and diploma programs. Find out eligibility, benefits, required documents, and important deadlines.

Scholarship for Post Graduate Program for Executives for Visionary Leadership for Manufacturing

ScholarshipsEligibilityBenefit
No Direct Scholarship for PGPEX-VLM-
  • Important Note: The PGPEX-VLM program generally does not offer direct scholarships, though students may explore education loans and employer sponsorships. [2, 21]. General IIM Mumbai scholarships (e.g., for meritorious students, GATE-qualified, or SC/ST candidates as per Govt. of India scheme) exist for other programs, but are not specifically stated for PGPEX-VLM. [3, 9, 13, 15]

Scholarship for General Management Programme for Defence Officers

ScholarshipsEligibilityBenefit
Financial Aid for Economically Weaker StudentsFinancially weak students
  • Benefit Type: Tuition fee reduction
SC/ST Tuition Fee ExemptionSC/ST candidates with annual family income below ₹4.5 Lakhs
  • Benefit Type: Tuition fee exemption
Teaching Assistantship for GATE-qualified candidatesGATE-qualified candidates
  • Benefit Type: Stipend
  • Amount: ₹12,400 per month
  • Important Note: Contingency expenditure as per rules may also be provided.

Scholarship for MBA in Operations and Supply Chain Management

ScholarshipsEligibilityBenefit
Need-based Scholarship (Type 1)Family income less than ₹2.50 Lakhs annually.
  • Benefit Type: Tuition fee reduction
Need-based Scholarship (Type 2)Family income less than ₹1 Lakh annually.
  • Benefit Type: Tuition fee reduction
Teaching AssistantshipGATE Qualifiers
  • Benefit Type: Monthly Stipend
  • Amount: ₹12,400 per month
  • Important Note: Contingency expenditure also provided as per regulations.
Central Sector Scholarship Scheme - Top Class Education of SC/ST studentsSC/ST students with family income less than ₹8 Lakhs annually.
  • Benefit Type: Financial Assistance
  • Important Note: Subject to satisfactory fulfillment of terms and conditions mentioned by Government of India.

Scholarship for Master of Business Administration

ScholarshipsEligibilityBenefit
Need-based Scholarship (Type 1)Total annual family income below ₹1,00,000
  • Benefit Type: Tuition fee reduction
  • Amount: 700000
Need-based Scholarship (Type 2)Total annual family income below ₹2,50,000
  • Benefit Type: Tuition fee reduction
  • Amount: 420000
Central Sector Scholarship Scheme - Top Class Education of SC/ST StudentsSC/ST students with annual parental income not exceeding ₹8,00,000
  • Benefit Type: Financial assistance, tuition fee exemption
  • Amount: Varies
  • Important Note: Total fee for SC/ST students may be significantly reduced to ₹4,00,000 (as per one source). Specific terms and conditions apply as per Government of India schemes.
Teaching AssistantshipGATE Qualifiers
  • Benefit Type: Monthly stipend
  • Amount: 12400
  • Important Note: Per month
Corporate ScholarshipsSelected candidates based on exam scores and personal interviews
  • Benefit Type: Financial aid
  • Important Note: Awarded by corporations like Aditya Birla Group, Mahindra, etc.

Scholarship for MBA in Sustainability Management

ScholarshipsEligibilityBenefit
Tuition Fee Waiver (Need-Based)Total annual family income below ₹1,00,000
  • Benefit Type: Tuition fee reduction
Tuition Fee Waiver (Need-Based)Total annual family income below ₹2,50,000
  • Benefit Type: Tuition fee reduction
Government Scholarships for SC/STScheduled Caste (SC) or Scheduled Tribe (ST) candidates
  • Benefit Type: Financial assistance
  • Important Note: As per the schemes of the Government of India.

Scholarship for PhD in Management

ScholarshipsEligibilityBenefit
IIM Mumbai PhD Fellowship/Financial AssistanceRegular full-time PhD candidates who qualify in CAT, GMAT, GATE, GRE, or UGC-JRF with valid scores.
  • Benefit Type: Monthly stipend
  • Important Note: ₹37,000 per month during 1st and 2nd year, and ₹42,000 per month during 3rd, 4th, and 5th years. Amount and duration are subject to change as per Government of India rules. A grant of up to ₹2 lakhs may be availed for presenting a paper at an International Conference abroad (subject to approvals). [2, 5, 8, 16]
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