Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai is ranked among the top government B-schools in India, holding the 10th position in the Outlook ICARE Ranking 2024 and the 19th position in the IIRF Ranking 2024. Established in 1965 by the University of Mumbai and accredited by the All India Council for Technical Education (AICTE), JBIMS is one of India’s oldest management institutes with over 52 years of legacy.

As the first institution in India to offer a full-time, 2-year Master in Management Studies (MMS), JBIMS has an intake of around 150–160 students for this program, with a significant number of seats reserved for Maharashtra domicile candidates. The institute provides a range of undergraduate, postgraduate, and PhD programs across various specializations, including Management and Human Resources.

While JBIMS does not offer a traditional MBA program, it provides equivalent courses in management fields, such as MMS, MSc Finance, and MHRD. Admissions are primarily entrance-based, accepting national exams like MH-CET and CAT. The MAHCET cutoff is expected to be around the 99.88–99.90 percentile, while the CAT and CMAT cutoffs are projected at approximately the 99.99 percentile. Known for its affordable fees, JBIMS offers an impressive return on investment (ROI) of around 459.3%.

Located in Mumbai, JBIMS provides robust placement support. Top recruiters, including American Express, HDFC Bank, and Deloitte, visit the campus for placements. In 2024, the highest package offered was INR 87.12 LPA, and the average package was INR 26 LPA.

Jamnalal Bajaj Institute of Management Studies (JBIMS) in Mumbai offers several popular programs that cater to a wide range of management specializations. Here are some of the key programs:

1. Master in Management Studies (MMS)

• Duration: 2 years, full-time
• Specializations: Finance, Marketing, Operations, HR, and Systems
• Overview: JBIMS is widely recognized for its flagship MMS program, equivalent to an MBA, offering in-depth knowledge and practical skills across various management domains.
• Intake: 150–160 students, with most seats reserved for Maharashtra domicile candidates.

2. MSc in Finance

• Duration: 2 years, full-time
• Overview: This program is designed for students with a strong interest in finance and banking. It covers areas such as investment banking, financial management, and global markets, preparing graduates for specialized finance roles.

3. Master in Human Resource Development (MHRD)

• Duration: 2 years, full-time
• Overview: The MHRD program focuses on human resource management, talent acquisition, labor relations, and organizational behavior, aimed at students interested in HR careers in corporate settings.

4. PhD in Management Studies

• Duration: Varies
• Overview: JBIMS also offers doctoral programs for research-oriented students, focusing on management and related disciplines. This program is ideal for those interested in academic or advanced consulting careers.

5. Executive Programs and Part-Time Courses

• Duration: Varies
• Overview: JBIMS offers part-time MBA-equivalent courses, such as Master in Marketing Management (MMM), Master in Financial Management (MFM), Master in Human Resource Development Management (MHRDM), and Master in Information Management (MIM), tailored for working professionals seeking to enhance their skills without committing to a full-time program.

Key Highlights

• Admissions: Entrance-based, through exams like MH-CET, CAT, and CMAT.
• Placement: Strong placement record with top recruiters, offering high ROI for graduates.

These programs make JBIMS a popular choice among students seeking quality education in management with a strong placement track.

JBIMS offers a total of 8 programs across various fields, providing students with a range of options in management education. Below is a table outlining the eligibility criteria and tuition fees for each course at JBIMS.

Admissions for JBIMS Mumbai in 2024 are now open, offering a range of postgraduate and doctoral programs. The flagship program, the Master in Management Studies (MMS), is a full-time, two-year course. JBIMS offers several other courses, including MMS, MSc Finance, MHRD, a part-time MBA (tailored for working professionals), and PhD programs. For JBIMS admissions in 2024, candidates must qualify through exams such as MAHCET, CMAT, or CAT. Based on entrance exam results, candidates are shortlisted for a personal interview and assessment round. Final selection is conducted through separate merit lists for Maharashtra State and All-India candidates.

During the 2024 MMS placements at JBIMS, the highest package offered was INR 87.12 LPA, while the average package was INR 26.12 LPA. The median package reached INR 26.4 LPA, with a 100% placement rate for MMS students. The BFSI and Investment Banking sector led recruitment, accounting for 49% of the total offers.

For the MSc Finance placements in 2024, the highest package offered was INR 30 LPA, and the average package was INR 18 LPA.

In the MMS summer placements for the 2023-25 batch, the highest stipend was INR 4.5 lakh, with an average stipend of INR 2.27 lakh. Over 50 recruiters participated, including 13 new recruiters. For the MSc Finance batch of 2023-25, the highest and average summer placement stipends were INR 2.4 lakh and INR 0.81 lakh, respectively.

The JBIMS MAH MBA CET Cutoff for 2024 admissions has been finalized after three rounds. In the final round of seat allotment, the MBA cutoff score was 99.99. The closing cutoff scores for the first and last rounds for students under the General AI quota are as follows:

JBIMS is recognized as one of India's leading universities, consistently securing top positions in various rankings. In the Outlook-ICARE Ranking 2024, the institute achieved the 10th rank in the 'MBA (Government)' category, highlighting its strong academic reputation. This marks the second consecutive year that JBIMS has been ranked among the top 10 in this category.

The "JBIMS 1981 Annual Memorial Awards" were established in 2006 during the silver jubilee of JBIMS’s class of 1981. The concept was initiated by Mr. Gopal Rajgopalan, Mr. Ashwini Malhotra, and Mr. Ashok Saraf. The untimely passing of two classmates from the 1981 batch inspired the creation of the Sabeena Bakshi Award and the Ram Mohan Menon Award to honor their memory and to recognize academic excellence among first-year Master in Management Studies students.

Following the passing of Mr. Gopal Rajgopalan, the batch instituted a third award, the Gopal Rajgopalan Award for Distinction in Finance and Entrepreneurship, to commemorate his legacy.

Subsequently, with the loss of three more beloved members—Mr. John Samuel, Mr. Uday Kulkarni, and Mr. Sudhir Yadav—the awards were collectively renamed as the JBIMS 1981 Annual Memorial Awards. Each award includes a plaque and a cash prize, funded by returns from a corpus built through donations from the 1981 batch and other supporters.