IIM Mumbai, erstwhile known as NITIE was established by the Government of India in 1963 with the assistance of the United Nations Development Programme (UNDP) and the International Labor Organization (ILO). After passing of IIM Act Amendment bill 2023 by Parliament on August 8, 2023 and getting President’s nod on August 11, 2023, NITIE was given status of IIM Mumbai, the 21st IIM in India and the first full fledged IIM in Mumbai which will award MBA degree instead of Post Graduate Diploma.

IIM Mumbai is committed to creating skilled professionals in diverse functional areas like Operations Management, Analytics, Finance, Marketing, Project Management, HR, Information Technology, and Sustainability Management.

IIM Mumbai's MBA program is designed to equip you with the skills and knowledge to thrive in today's ever-evolving business environment. The curriculum offers a strong foundation in core business areas like finance, marketing, operations, human resource management and analytics.

2 Years full time Master of Business Administration (MBA); MBA (Operations and Supply Chain Management); MBA (Sustainability Management); 1 Year full time PGDEx–VLFM; 2 Years Executive MBA in blended mode, PhD, Excutive PhD and other management programmes

After its renaming to IIM Mumbai, the institute has introduced MBA programs starting from the 2024-25 academic session, along with key updates to its eligibility criteria. IIM Mumbai now accepts a bachelor's degree in any discipline, replacing the previous mandatory requirement for an engineering degree. The institute has also transitioned from offering PGDM programs to providing three 2-year full-time MBA programs. Previously, NITIE awarded AICTE-approved diplomas like PGDIM and PGDIE, but now, as an IIM recognized by the Act of Parliament, it is authorized to confer MBA degrees, similar to other IIMs. The MBA programs offered by IIM Mumbai are as follows:

• 2-Year Full-Time Master of Business Administration (MBA)
• MBA in Operations and Supply Chain Management
• MBA in Sustainability Management
• 1-Year Full-Time PGDEx-VLFM
• 2-Year Executive MBA in Blended Mode
• PhD and Executive PhD Programs
• Other Management Programs

The application process for admission to IIM Mumbai begins with the start of the CAT registration process. Candidates must apply for CAT before the deadline. For the 2025 admissions, IIM Mumbai may not require a separate application for the MBA program.

The admission and selection process for the MBA at IIM Mumbai follows a two-step approach. In the first step, candidates with a valid CAT score who have met the eligibility criteria and applied for the program are shortlisted for the Personal Interview (PI) round, which is held in various cities.

After the PI round, IIM Mumbai assigns weightages to several factors and makes admission offers to successful candidates. The final selection is based on a variety of factors, including the CAT performance, PI performance, academic record, diversity, and work experience, among others.

The students of 2022-24 batch of IIM Mumbai once again showcased their capabilities by securing a total of 170 Pre-Placement Offers from their summer internship organizations and through various B-school competitions.  The Class of 2024 at IIM Mumbai comprised of 446 students, including fresh graduates and seasoned professionals from institutes like the IITs, NITs, BITS etc. This diverse blend of talent ensures a rich learning environment, which is a key factor in the program’s success. A total of 180 companies participated in the final placement drive. 

The highest salary in IIM Mumbai placement 2024 reached INR 54 LPA. The average Compensation for the batch was Rs.31 LPA. Average Salary for Top 10% of the batch was INR 47.29 LPA, top 20% of the batch was INR 40.71 LPA, and for the top 50%, it was INR 33.84 Lakh.

The Overall CAT cutoff for IIM Mumbai for the 2024-2026 admission is 85 percentile for general category candidates.

IIM Mumbai has achieved notable positions, reflecting its commitment to excellence. The institute ranked 6th in the NIRF Management Rankings for 2024, showcasing its strength in delivering high-quality management education. In global recognition, it ranked 73rd for Quality Education in the World in 2023, highlighting its dedication to impactful educational practices. Additionally, IIM Mumbai was positioned 2nd in The Impact Rankings for 2022, underscoring its significant contributions toward sustainable and socially responsible education.