IIT Bombay MBA Admissions 2024 are based on CAT score. CAT 2023 registrations are over now and admit card will be released on November 07. CAT 2023 is scheduled on November 26, 2023. IIT Bombay is among the top 10 bschools in the country as per the NIRF 2023 rankings 2023. IIT Bombay MBA Aspirants need to score atleast 98% marks in CAT to clear IIT Bombay Cutoff. Once the cutoff criteria is done, further selection will be based on Academic background, work experience, Personal Interview and Diversity like factors. 

MBA at IIT Bombay is offered via Shailesh J Mehta School of Management (SJMSOM) with a total seat intake of 152. For MBA Admission at IIT Bombay, applicants will be shortlisted on the basis of CAT scores and academic qualifications. Shortlisted candidates will be called for a personal interview for the final selection. Candidates can expect the CAT Cutoff to range between 90 and 100 percentile. 

SJMSOM IIT Bombay Placements 2023 has been concluded with 100% placements. The highest package stood at INR 54 LPA while the average package stood at INR 28.88 LPA. Recruiters like Accenture, Deloitte, EXL, HCL, PwC etc participated in the placement drive.

IIT Bombay MBA Admission Dates 2024

Events Dates
CAT Regsitration Window August 02 - September 21, 2023
Admit Card Download November 07, 2023
CAT 2023 Exam Date November 26, 2023
CAT Result Declaration Second Week of January

Key changes in the IIT Bombay MBA Selection Criteria

  • The CAT weightage is reduced to 70% from 80% for the shortlisting process and increased from 40% to 42.5% for the scaled score in the preparation of the final merit list.
  • Gender diversity weightage has been increased to 10% from 3%
  • For PG/ Professional qualification, the weightage has been increased to 5% from 2%.
  • No Written Ability Test (WAT) in the final selection round.
  • The weightage for the PI round increased from 37.5% to 40%.

IIT Bombay offers MBA program through its on-campus college, Shailesh J Mehta School of Management (SJMSOM) in 4 specializations, namely, Finance, Operations, Human Resource, and Accounting. The minimum eligibility required for applying is 60% aggregate marks in Graduation. IIT Bombay MBA admission is based on CAT score, composite score, PI round, and final merit list prepared by the institute.

Check IIT Bombay Admission 2024

IIT Bombay MBA Rankings

  • Ranked 10 for MBA by the NIRF 2023
  • Ranked 11 for MBA by the NIRF 2022
  • Ranked 13 for MBA by The Week 2020
  • Ranked 14 for MBA by The Week 2019
  • Ranked 4 for MBA by The Week 2019
  • Ranked 42 for MBA by TOI 2019

Check: IIT Bombay Rankings

IIT Bombay MBA Admission Criteria

Candidates applying for IIT Bombay MBA admission need to be clear about the selection criteria. The selection will be based on the aggregate score of 2 phases:

  • First Phase: Shortlisting of candidates for the DPI round, based on the CAT 2023 scores.
  • Second Phase: Candidates who qualify the DPI round will be called for counselling at IIT Bombay.

Phase 1: At stage 1, the candidates are shortlisted for the PI round based on CAT cut off percentile and composite score set by the institute. The candidates eligible for the stage 2 are called for the PI round.

Note: The actual section-wise and overall percentile of a short-listed candidate may be higher than the above-mentioned minimum percentile.

IIT Bombay MBA Cut off 2024 (Expected)

Minimum Cut-off Percentile considered for shortlisting in DPI Round:

Category Overall Percentile Cut off Sectional Percentile Cut-off
Verbal & Reasoning Data Interpretation & Logical Reasoning Quantitative Aptitude
General 90 80 80 80
NC-OBC 81 72 72 72
SC 60 53.3 53.3 53.3
ST 60 53.3 53.3 53.3
PWD 60 53.3 53.3 53.3

Read More: IIT Bombay Cut off

The shortlist of candidates selected for this stage will be based on the candidate's composite score of different parameters whose weightages are as mentioned below.

Parameters and Weightage for Phase 1

Parameters Weightage
Performance in CAT 2023 70%
Class XII 5%
Graduation 5%
Post Graduation/ Professional 5%
Work Experience 5%
Gender Diversity 10%

Once the candidate has appeared for the IIT Bombay PI round, the institute then prepares a final merit list to shortlist students for admission. 

What are the questions asked in the IIT Bombay MBA PI round?

Phase 2: Final Selection: Preparation of the Merit List

The final Merit list of the candidates chosen for admission to MBA program at SJMSOM, IIT Bombay will be published based on the applicant's aggregate score in various parameters whose weightage are individually referenced underneath. 

Parameters and Weightage for Phase 2

Parameters Weightage
CAT 2023 Overall Percentile Score 42.5%
Personal Interview 42.5%
Candidates Profile:
Graduation 5%
Work Experience  5%
Extra-curricular Activities 5%

Note: Phase 2 of the Admission process will be evaluated out of a maximum of 95.

IIT Bombay MBA Course Details

IIT Bombay MBA program is of 2-years duration divided into 8 semesters (4 semesters each year). There are 23 courses in the 1st year and a winter project that students need to undergo at the end of semester 2. At the end of 1st year, the students are required to go for a 2-month summer internship too. IIT Bombay MBA has a total of 139 credits divided as follows:

First Year Term 1
Course code Course name Credits
SOM 601 Communication and Interpersonal skills 4
SOM 602 Microeconomics 4
SOM 603 Fundamentals of Financial & Managerial Accounting 4
SOM 604 Marketing Management - 1 4
SOM 605 Statistical Methods 4
First Year Term 2
SOM 606 Corporate Finance - I 4
SOM 607 Macroeconomics 4
SOM 608 Decision Models in Management 4
SOM 609 Information Systems 4
SOM 610 Marketing Management - II 4
SOM 611 Operations Management - I 4
First Year Term - 3
SOM 612 Business Research Methods 4
SOM 613 Corporate Finance - II 4
SOM 614 Organizational Behaviour & Human Resources - I 4
SOM 615 Operations Management - II 4
SOM 616 Technology Management  4
SOM 619 Corporate Governance & Business Ethics 4
First Year Term 4
SOM 617 Corporate Strategy 4
SOM 618 Organizational Behaviour & Human Resources - II 4
SOM 621 OB & HR - I 4

Second Year: Term-1

  • Candidates need to register for 15 Credits elective courses and Summer Project course of 2 Credits.

Second Year: Term-2

  • Candidates need to register for 15 Credits elective courses

Second Year: Term -3

  • Candidate need to register for 12 credits elective courses

Second Year: Term - 4

  • Candidate need to Register for 15 credits elective courses (incl 6 credit final project) 

IIT Bombay MBA Courses

Finance Human Resource Management
Accounting Operations

IIT Bombay MBA Placements

The below table represents the highlights of 2023 MBA placement highlights of IIT Bombay:

Particulars Placements Statistics 2023
Batch Size 115
Percentage of PPOs 50%
Highest Package INR 54 LPA
Average Package INR 28.88 LPA
Top 25% Average Package INR 40.80 LPA
Top 50% Average Package INR 34.58 LPA
Top 75% Average Package INR 31.41 LPA
Average Package (Female) INR 29.35 LPA
Median Package INR 26.64 LPA
Median Package (Female) INR 28.90 LPA
Lowest Package INR 20 LPA
Lowest Package (Female) INR 23.50 LPA
Major Domains FMCG / FMCD, Conglomerate

IIT Bombay MBA Placements 2023 PPO – Wise

The below table represents the PPO – wise statistics of IIT Bombay MBA Placements 2023:

Particulars Salary Statistics
Average Package INR 30.35 LPA
Lowest Package INR 16 LPA

IIT Bombay MBA Placements 2023 Sector – Wise

The below table represents the sector – wise statistics of IIT Bombay MBA Placements 2023:

Sectors Average Package Students Split Company Split
IT / E-commerce INR 31.72 LPA 17% 14%
Consulting INR 29.09 LPA 21% 16%
FMCG / FMCD INR 28.88 LPA 24% 27%
Conglomerate INR 28.54 LPA 24% 25%
BFSI INR 25.63 LPA 14% 18%

Read More: IIT Bombay Placements

IIT Bombay MBA FAQs

Ques. What is the total number of seats for IIT Bombay MBA?

Ans. The total number of seats offered to the IIT Bombay MBA program are 152. The bifurcation of seats have been done in the following manner:

Category Seats
General (40.5%) 62
EWS (10%) 15
OBC (27%) 41
SC (15%) 23
ST (7.5%) 11
PD (5%) 8

Ques. What is the IIT Bombay MBA Fees structure 2023?

Ans. For the academic year 2023, the IIT Bombay MBA fees is as follows:

Particulars General Category Reserved category
Total fee at the time of admission INR 8,900 INR 8,900
Fee per semester INR 3,47,600 INR 1,47,600
Refundable deposit INR 9,000 INR 9,000

Ques. What are the questions asked in the IIT Bombay MBA PI round?

Ans. IIT Bombay PI round consists of 2 or panels aged between 40 to 60. The panel mostly starts with the introduction of the student and drives questions from it. For example, if your name is Samrat, the panel may ask you the difference between a King and a Samrat. Few of the questions from the IIT Bombay MBA PI round are listed below:

  • Introduce yourself
  • Why MBA?
  • Tell me about your role?
  • What are cubes?
  • Question related to company founder and CEO
  • What is benzene and ethylene’s formula?
  • What is FDI in retail? Pros and Cons
  • What will you do if you are the Kirana shop owner to protect yourself against FDI?
  • Is Jayalalitha for or against it?

Ques. Are there any Scholarships available for the students who are looking to study MBA from IIT Bombay?

Ans. Yes, there are a couple of scholarships and loans being offered at SJMSOM. In light of the candidate’s performance in the semester exams around 20% students are a recipient of the different grants which originate from different endowment funds. Moreover, a couple of different grants are accessible from IIT-B.

Ques. What is the faculty student ratio for IIT Bombay MBA?

Ans. There are 24 Core Faculties for about 220 students which work out to a faculty: student ratio of about 1:10. If one includes the visiting faculty, the ratio will be even better.