IIT Bombay - Indian Institute of Technology Mumbai Answered Questions

IIT Bombay Management course is ranked by various agencies.In 2022, the institute was ranked at 5th position in QS World Rankings (Business & Management Studies).It also acquired 11th position in Eduniversal B-School ranking. NIRF has ranked IIT Bombay under the 'Management' Category in 2023 at 10th position.

After completing graduation, candidates can apply for IIT Bombay MBA course. Check below the detailed eligibility for MBA programme:Candidates are required to pass a bachelor’s degree or a master’s degree with a minimum of 60% aggregate (55% aggregate in case of SC/ ST/ PwD candidates) or a minimum CPI of 6.5 (6 in case of candidates belonging to SC/ ST/ PWD category) out of 10 or applicants appearing for the final year of degree or completed the degree and awaiting result can also apply or, Aspirants appearing for final year of the degree and those who have completed the degree requirements and awaiting results can also apply. The applicant should have secured an aggregate of 60% aggregate (55% aggregate in case of candidates belonging to SC/ST/PWD category) or equivalent till the latest exam that has been completed and whose scores are available or, CA, CS, CFA, ICWA or FRM, with a first-class bachelor’s degree in any discipline having secured 60% aggregate (55% aggregate in case of candidates belonging to SC/ ST/ PWD category) in aggregate (including all years /semesters) or a minimum CPI of 6.5 (6 in case of candidates belonging to SC/ ST/ PWD category) out of 10 can also apply for MBA programme.

The eligibility criteria varies course-wise at IIT Bombay. Check below the eligibility of top IIT Bombay courses:Course NameCommon EligibilityBTechClass 12 with a minimum of 75% aggregate in PCMBSClass 12 with a minimum of 75% aggregate in PCMMBABachelor’s degree or a Master’s degree with at least 60% marks (55% in case of candidates belonging to SC/ST/PWD category)MTechBachelor's degree with a minimum of 60% aggregate (55% aggregate for SC/ ST/ PwD category)PhDBachelor or Masters or equivalent degree with a minimum of 60% aggregate (55% aggregate for SC/ ST/ PwD category)

After completing degree from one of the best MBA Colleges in India, students are open to multiple opportunities. An MBA graduate gets jobs which include team lead and managerial responsibility of the department. Given below are some of the popular job options after MBA and their corresponding salaries:MBA jobsAverage salary (INR)*Finance Manager9.6 LPAMarketing Manager10 LPASales Manager10 LPAHuman Resources Manager4 LPAOperations Manager7 LPAProduct Manager15 LPA*The salary data has been obtained from Payscale.comClick here, to know career options available after MBA.

The highest international and domestic package offered during IIT Bombay MBA placements 2023 was INR 3.67 crore per annum and INR 1.68 crore per annum, respectively. Besides, the average package offered during IIT Bombay placements 2023 stood at INR 21.82 LPA. In addition, the overall placement rate recorded during IIT Bombay placements was 82%. Moreover, a total of 384 companies participated and 1,898 offers were made during IIT Bombay placements 2023.  A rise of nearly 75% was witnessed in the highest international package offered in 2023 as compared with 2022. 

IIT Bombay offers MBA for a duration of two years divided into four semesters. The institute offers MBA through Shailesh J. Mehta School of Management (SJMSOM). The selection for the candidates for MBA admission will be carried out in two phases.Aspirants will be shortlisted for a personal interview round based on CAT scores.The final selection will be based on the candidate’s composite score of different parameters, including CAT score, academic performance and work experience.

The placement rate recorded during SJMSOM IIT Bombay MBA placements 2023 was 100%. Students get a good salary package after completing MBA from a reputed institute like SJMSOM. The highest package and average package offered during SJMSOM IIT Bombay MBA placements 2023 stood at INR 54 LPA and INR 28.88 LPA, respectively. The top recruiters of SJMSOM IIT Bombay in 2023 included leading companies such as GEP, HUL, Google, Accenture, Cargill, etc. 

IIT Bombay offers merit-based scholarships. The scholarship is offered based on the performance of the students in the semester exam. Approximately 20% of the students are beneficiaries of the various scholarships are from various endowment funds. Additionally, a few other scholarships are available centrally from IIT-B. Besides, SC and ST candidates are exempted from paying the tuition fees.