Mumbai, the country’s financial capital, gets its own prestigious Indian Institute of Management as the National Institute of Industrial Engineering (NITIE) will be renamed as the IIM-Mumbai after both Houses of the Parliament passed the IIM (Amendment) Bill 2023 Tuesday. NITIE Mumbai is situated in the suburban neighbourhood of Powai was founded by the Government of India and has grown consistently over the years. It was ranked 9th in the NIRF 2022 rankings and 7th in the IIRF 2023 rankings in the Management Category. It became the 21st IIM in the country and the second in Maharashtra, after the IIM Nagpur which was first among the six new-generation IIMs established by the Government of India in 2015.
IIM Mumbai’s new logo is inspired by the ‘moving the mountains’ idiom, specially designed by the National Institute of Design’s (NID) Bengaluru campus. The logo has the shape of a hill with multiple triangle shapes interconnecting with a block-chain drawing and letters IIM Mumbai written below aimed at forming a contour of a hand carrying the mountain.
Campus life at IIM Mumbai
IIM Mumbai campus is well equipped with all the modern facilities. The classroom is spacious and has all the necessary presentation facilities like overhead projectors and screens. There is an air-conditioned auditorium for lectures, screening of management films, and executive development programs. It also has hostel facilities for its PGP programs. The hostel rooms are well furnished with single occupancy and attached washrooms. After a full day’s class, the students have alternatives to relax and spend their leisure time in sports like badminton, table tennis, basketball, volleyball, carrom, cricket, etc. For more relaxation common room has a music system, television, and reading material.
Courses provided by IIM Mumbai and the Fee Structure
| Courses | The Program Details | Fee structure |
Master of Business Administration(Sustainability Management) | MBA program in Sustainability, equipping students with the acumen to drive positive change and pioneer sustainable innovations. Our program, a trailblazer in South Asia since 2001, consistently draws dedicated students committed to advancing sustainability. | ₹2,048,000 |
| Fellow Programme in Management (FPM) | The Fellow Programme in Management (FPM) is the doctoral programme of IIMA. Eligibility: Bachelor’s degree in Engineering / Technology with 50% marks OR Full-time Degree in M.Sc (Mathematics / Statistics) or Dual Degree of 5 Years or BS/B.Tech of 4 Years OR Students in their | ₹104,000 |
| Post Graduate Diploma in Industrial Engineering | PGDIE Is a two-year, full-time, residential program for candidates with an engineering background. | ₹12,53,000 |
| PGPEX-VLFM | PGDEx – VLFM is a one-year, full-time, residential program designed to build techno-managerial leaders who can transform India’s manufacturing sector.Eligibility: Bachelor’s degree in Technology with first class and a minimum of 4 years of work experience. | ₹1,250,000 |
About Faculties
Faculties are top-notch, and most of them offer consultancy services in top-notch organizations across India. The 2-year course spreads across 8 modules, each of which lasts for 3 months. Exam patterns are non-uniform & mostly depend on faculty. Some are open book, some are purely case study based, and others may be closed book basis defined curriculum. Hierarchy- Assistant Prof > Associate Prof > Prof Some of the profs are industry veterans who deliver lectures based on their experience. Most of the faculties have postdoc degrees, and age hovers around 40-50 years.
Key Placement Highlights
121 companies involved in the final placement drive of NITIE Mumbai’s 25th PGDIM batch The prominent sector-by-sector distribution of the roles offered is as follows:
Manufacturing (17%): The recruiters are Aditya Birla, Whirlpool, Maruti Suzuki, Castrol, Reliance, AkzoNobel, Asian Paints, Tata Steel, Berger Paints, Godrej, Tata Motors, and Texas Instruments among others.
Consulting (17%): The prominent recruiters are Deloitte, McKinsey & Company, Bain & Company, Accenture, EY, Cognizant, PwC, Cartesian, Citius Tech, KPMG, and Capgemini among others.
Retail & E-Commerce (17%): The prominent recruiters are Amazon, Snapdeal, Myntra, Flipkart, Indiamart, Blue Stone, Swiggy, Ola, Sterlite, and Cloudtail among others.
IT/Analytics (14%): The recruiters are Microsoft, IBM, Cognizant, Infosys, Capita, Hindustan Unilever Limited, Birlasoft, Marico, TCS, and Wipro among others.
BFSI (12%): The recruiters are JPMorgan & Chase, ICCI Bank, Axis Bank, Yes Bank, Edelweiss, Fidelity, Kotak Mahindra Bank, Thomson Reuters, Bajaj Finserv and Aditya Birla Capital.
FMCG (12%): The following recruiters are PepsiCo, Coco-Cola, P&G, Mondelez International, Heinz, Nestle, Nivea, Godrej, Kellogs, Hindustan Unilever Limited, Johnson and Johnson, Marico, and ITC among others.
Becoming the first Indian Institute of Management (IIM) campus in Mumbai marked a significant milestone for the city, enhancing its reputation as a premier hub for education and business. Encouraging the new generation of leaders and entrepreneurs, benefiting from Mumbai’s vibrant economic landscape and diverse corporate ecosystem. Bringing up cutting-edge management education and research, growth and innovation in various sectors. Along with the establishment of IIM in Mumbai highlighting the city’s strategic importance in India’s educational & economic framework.
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