IIT Bombay MBA Admission 2024: Prestigious High-ROI B-School with Affordable Fees; CAT Score Holds 70% Weight, Special Emphasis on Women Candidates; Admission Closing on January 31

Shailesh J. Mehta School of Management (SJMSoM) IIT Bombay Admission 2024 Highlights

Programs Offered	MBA
Exams & Score Cut offs	CAT 2023 (90%ile Minimum Required Cut off)
IIT Bombay MBA Fees	Rs.14,08,000 (Under Revision)
Placements 2023	IIT Bombay MBA Highest Package: Rs.49 LPA IIT Bombay MBA Average Package: Rs.25.93 LPA
NIRF Ranking 2023	Ranked # 10 among top 125 B-schools.
IIT Bombay MBA Admissions 2024 Application Status	Open
IIT Bombay MBA Application Fees	Rs.1600
IIT Bombay MBA Application Deadline 2024	Open; Last date - January 31, 2024

Table of Contents

1. IIT Bombay MBA Admission Criteria: Key changes
2. SJMSoM-IIT Bombay: Key Highlights and USPs
3. SJMSoM IIT Bombay Leadership
4. SJMSoM IIT Bombay MBA Fees, Programs Offered and Specializations
5. IIT Bombay MBA Intake
6. SJMSoM IIT Bombay Placements for MBA 2021-23 Batch
7. IIT Mumbai MBA Admission Eligibility Criteria 2024
8. How to Apply for IIT Bombay MBA Admission 2024?
9. IIT Bombay MBA Admission 2024: Important Dates
10. IIT Bombay MBA Admission Criteria 2024
11. IIT Bombay MBA Cut offs
12. IIT Bombay MBA Admission 2024: Step by Step Process
13. IIT Bombay MBA Program: Key Differentiators
14. IIT Bombay MBA vs IIT Delhi MBA: Unveiling the Superior Choice
15. IIT Mumbai MBA Admission 2025

1. IIT Bombay MBA Admission Criteria: Key Highlights
Below are the key changes highlights in SJMSoM-IIT Bombay MBA admission criteria 2024:  

 SJMSoM Shortlisting Criteria

• Sectional CAT cut off Reduced to 75%ile from 80%ile two years back
• Weightage to CAT score in Shortlisting: 70%
• Weightage to Gender Diversity increased to 10%
• Weightage to Post Graduation/Professional qualification increased to 5%

SJMSoM Final Selection Criteria

• Weightage to CAT Scaled Score increased to 42.5% from 37.5%
• Weightage to performance in Personal Interaction (PI) increased to 42.5% from 37.5%
• Weightage to Extra Curricular Activities reduced to 3% from 5% 
• Weightage for Graduation Marks increased to 6% from 5%
• Weightage for Work Experience increased to 6% from 5%

2. SJMSoM-IIT Bombay: Highlights & USPs

• 2.1 Highly Ranked:  SJMSOM IIT Bombay is ranked #10 among the top 125 B-schools in India, in the GoI MHRD NIRF Ranking 2023. In MBAUniverse.com B-School Ranking 2023, IIT Bombay is ranked # 13 among top management institutes. IIT Bombay ranks #1 in the QS India Rankings 2019. It has been conferred the status of Institute of Eminence by the Government of India.
• 2.2 Corporate Supported B-School: SJMSOM is supported by contributions from Hindustan Lever Ltd. (now Hindustan Unilever Ltd.), Larsen & Toubro Ltd., ICICI Bank, Hindi Vidya Bhavan and Dr. Shailesh J. Mehta, a distinguished alumnus of IIT Bombay.
• 2.3 Moderate Fee: SJMSOM IIT Bombay Two Year MBA programme fee is Rs.14.08 lakhs which is much lower than all the top IIMs and other top PGDM colleges. However, the fee is under revision
• 2.4 High Placements: SJMSOM Placements are compatible with top B-schools in India including IIMs, SPJIMR, MDI, FMS among others. Highest Salary in Placement 2023 was Rs. 49 LPA while the Average Salary was Rs.25.93 LPA and the Median Salary has gone up at Rs.25.80 LPA
• 2.5 Top Recruiters: Top Recruiters at SJMSOM IIT Bombay in Placement 2023 included Accenture, Amazon, PwC, Deloitte, EXL, HCL, Wipro, Google, GEP, IBM Consulting, DBS Bank, Edelweiss, Fullerton India, ICICI Bank, JP Morgan Chase, Nomura, Yes Bank, HUL, ITC, Kimberly Clark, Marico, Mondelēz International, P&G, Reckitt, Tata Consumers Products, Adani Group, Reliance Jio, Sun Pharma
• 2.6 MBA Programmes with International Collaboration: SJMSOM academic programs include MBA, and Executive MBA (jointly with Olin Business School of Washington University at St Louis, USA). It also offers doctoral programme in management-PhD.
• 2.7 Industry Relevant Curriculum: SJMSOM provides a well-designed , industry relevant curriculum and training to the students in technology and multidisciplinary environment, preparing them to meet the contemporary challenges in their professional life ahead.
• 2.8 Committed Faculty: SJMSOM has committed faculty members who have worked hard for their achievements in teaching, research, training, and consultancy. They have earned best teacher awards, prestigious research awards, fellowships, and visiting professorships at leading international universities.
• 2.9 Global Perspective: SJMSOM believes that a global perspective of international businesses is imperative to the success of budding managers and future leaders. It promotes semester long student exchanges, study tour exchanges, participation in international conferences and competitions.
• 2.10 SINE & E-Cell at SJMSOM: The Society for Innovation and Entrepreneurship (SINE) and Entrepreneurship Cell (E-Cell) at SJMSOM provide opportunity to all stakeholders at IIT Bombay to learn from the experiences of budding ventures. SJMSOM faculty members and alumni co-founded start-ups incubated at SINE. SJMSOM which is one of the five select founding member institutes of the National Entrepreneurship Network (NEN).  

3. Shailesh J. Mehta School of Management (SJMSoM) IIT Bombay Leadership
Led by Prof. Subhasis Chaudhuri, Director, IIT Bombay and Prof S. Narayan Rao, Head, SJMSOM, the B-school is committed to provide leadership in the area of management education with an emphasis on developing all round managerial skills. Prof Rao, HoD, SJMSOM is Professor of Finance. He has been a core faculty member at UTI Institute of Capital Markets (now Indian Institute of Capital Markets), Navi Mumbai, The Institute of Chartered Financial Analyst of India (ICFAI), Hyderabad; PSG Institute of Management, Coimbatore; Institute of Technology and Management, Mumbai and has also been the coordinator of ICFAI Business School, Hyderabad  

  4. SJMSoM IIT Bombay MBA Fees, Programs Offered and Specializations
SJMSoM IIT Bombay offers MBA, Ph.D and Inter-Disciplinary Dual Degree Program ( IDDDP ) in Management. Important details about IIT Bombay MBA Fees for the 2 years full time MBA program, Specializations offered are as below:

Program	IIT Bombay MBA Fees
MBA	14,08,300

* IIT Bombay MBA Fees is under revision for 2024-26 batch

MBA Specializations offered at SJMSOM
Following are the specialization areas offered in MBA programme at SJMSOM-IIT Bombay:

Operations and Technology Management; Quantitative Techniques; Accounting and Finance; Marketing;General Management; Human Resources and Organisational Behaviour; International Business; Economics and Strategy; Information Technology

5. IIT Bombay MBA Intake
IIT Bombay intake is 152 seats. Category wise details of SJMSOM-IIT Bombay MBA seats for 2024-26 Batch are as below:

Category	IIT Bombay MBA Seats 2024-26 Batch
General	62
EWS	15
OBC	41
SC	23
ST	11
PD	8*
Total	152

* Reservation for the candidates with Physical Disability will be horizontal. They will Consume Seats from their Birth category Quota e.g. if a PD candidate belongs to General or SC category, he/she will get reservation from the seats available for such category.   

6. SJMSoM IIT Bombay Placements for MBA 2021-23 Batch
IIT Bombay MBA Placements have consistently registered high salary packages from prominent recruiters year after year. Shailesh J.Mehta School of Management (SJMSOM) IIT Bombay has completed 100% Final Placement 2023 for its MBA 2021-23 batch with 11% increase in average salary. While Average salary SJMSOM Placement 2023 has gone up at Rs.28.88 LPA from Rs.25.93 LPA last year, the highest salary has gone up at Rs.54 LPA from Rs. 49 LPA last year. Not only Female student has received the highest salary, the average salary for female students is also higher than the average salary for the overall batch.

SJMSOM IIT Bombay MBA Placement 2023: Key Highlights

• Achieves again 100% Placement for MBA 2021-23 batch
• Average Salary increased by 11% to Rs.28.88 LPA from Rs.25.93 LPA last year
• Highest salary goes up at Rs.54 LPA from Rs.49 LPA last year
• Median Salary increased to Rs.26.64 LPA from Rs. 25.80 LPA last year
• Lowest salary in placements 2023 was Rs.20 LPA
• Batch size: 115 Students
• 50% Batch received PPOs
• Average Salary for Top 25% Batch: Rs.40.80 LPA
• Average Salary for top 50%: Rs.34.58 LPA
• Average Salary for Top 75% Batch: Rs. 31.41 LPA
• Average salary for female students: Rs.29.35 LPA
• Average work experience of the batch: 19 months
• Top Recruiting domains: FMCG/FMCD, Conglomerate with 48% Students Getting Placements
• Top Recruiters:  Accenture, Amazon, PwC, Deloitte, EXL, HCL, Wipro among others

Read More

7. IIT Bombay MBA Admission Eligibility Criteria 2024
IIT Mumbai MBA Admission eligibility criteria 2024 share following required qualifications for IIT Bombay MBA admission 2024

• 7.1 A Bachelor’s degree of 4 years duration, or a Master’s degree with at least 60% marks (55% in case of candidates belonging to SC/ST/PWD category) or a minimum CPI of 6.5 (6 in case of candidates belonging to SC/ST/PWD category) out of 10 from the universities incorporated by an act of the central or state legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of the UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India.
• 7.2 The bachelor’s degree or equivalent qualification obtained by the candidate must entail a minimum of 4 years of education after completing higher secondary schooling (10+2) or equivalent.
• 7.3 Applicants 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% marks (55% 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.
• 7.4 CA/ICWA, with a first-class Bachelor’s degree in any discipline having secured 60% marks (55% 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.
• 7.5 The candidate should have appeared in CAT 2023 exam and must score minimum prescribed sectional and overall score to become eligible for admission

8. How to Apply for IIT Bombay MBA Admission 2024-26?
After the CAT 2023 results have been declared on December 21, 2023, SJMSOM-IIT Bombay is opening the application process for MBA admission 2024 in January 2024 first week. The applicants are required to complete the online application form on the website of the B-school. The application process is detailed below

8.1 SJMSOM IIT Bombay MBA 2024 Application Fee
Apart from appearing in CAT 2023 and scoring a minimum percentile in the exam, all the applicants have to apply for admission to MBA at SJMSOM-IIT Bombay separately. The category wise application fee for IIT Bombay MBA admission 2024-26 is as under:

Name of Program	Category of the Candidate	Application Fee in Rupees
MBA	General, Gen-EWS & OBC	Rs.1600/-
MBA	SC/ST/PD	Rs.800/-

8.2 Mode of Application Fee Payment: The application fees should be paid only through Internet Banking/ Credit Card/ Debit Card. 

8.3 IIT Bombay MBA Last Date to Apply: January 31, 2024
The last date to apply for IIT Bombay MBA Admission 2024 is January 31, 2024. Applicants are required to complete the online application form which is available on the website of the IIT Bombay.

8.4 Key Points in SJMSOM-IIT Bombay Application Process

1. The candidates should fill all the mandatory details in one go, otherwise the data will be lost as the session expires in 50 minutes.
2. The candidates should be fully prepared with all the relevant information/data before starting to fill the Online Application form.
3. The data can be edited any time before the final submission of the form
4. You may download the online application format from the IIT Bombay website for your reference. Compile all the relevant data required to fill it up, and then proceed to fill up and submit it your online application.
5. Use the latest versions of Chrome or Firefox to fill up the application form.
6. An application fee of Rs.1600/- is to be paid online

8.5 Documents for Upload: Check Format & Size
The applicants have to scan and upload the following documents (as per size and dimensions specified) along with the application form:

Document	Format and Size
Passport size photograph	jpg/jpeg/png Only with size <=40KB
Signature	jpg/jpeg/png Only with size <=10KB
Graduation Certificate / Copy of latest semester marksheet (for students appearing for the final semester or yet to receive Graduation Certificate)	(PDF Only with size <=500KB
CASTE certificate (If applicable)	PDF Only with size <=500KB
Physically disabled certificate for applicants with disability	PDF Only with size <=500KB
CAT 2023 scorecard	PDF Only with size <=500KB

9. SJMSOM IIT Bombay MBA Admission 2024: Important Dates
IIT Mumbai MBA Admission process 2024 begins with the release of CAT 2023 result. Important dates related to MBA admission activities at IIT Bombay are as below:

Admission Process	Key Dates
Online Submission of Application Form Starts	January 2, 2024
Last Date of Online Application Form Submission	January 31, 2024
Shortlist of Candidates and Slot Selection	February 2024, Third Week Onwards
Personal Interview (PI) Round	To be Announced
Declaration of Admission Results 2023	To be Announced

10. IIT Bombay MBA Admission Criteria 2024
Shailesh J. Mehta School of Management (SJMSOM) IIT Mumbai MBA Admission Criteria 2024 and selection process prescribe the acceptable exam score, IIT Bombay MBA Shortlisting criteria and final selection process. IIT Bombay MBA Admission 2024 is a two step process involving the preliminary screening based on CAT 2023 score leading to shortlisting of candidates and the Final admission selection Criteria with CAT exam score and other key parameters.

10.1 IIT Bombay MBA Admission 2024: Acceptable Exam Score
IIT Bombay will accept CAT 2023 exam score for shortlisting the candidates for MBA admission 2024

Stage-1: SJMSOM IIT Bombay Shortlisting Criteria
SJMSOM-IIT Bombay MBA shortlisting criteria is applied to select the candidates for final selection round. Shailesh J. Mehta School of Management (SJMSOM) IIT Bombay will shortlist the candidates on the basis of CAT 2023 score, past academic performance, and other criteria as under

Components	Weightage out of 100 points	Remarks
CAT 2023 overall score	70%	70% weightage to the candidate’s Overall scaled score to be calculated as: CAT score = (Candidate’s CAT scaled score/198) *70
Class XII Marks	5%	At Marks Percentage of 55+ for Arts/Humanities; 60+ in Commerce; 65+ in Science
Graduation marks	5%	At percentage of 85+ for Engg; 70+ for CA/ICWA; 75+ for Medicine/Arts
Post Graduation/Professionals	5%	3% score will be awarded to Postgraduates candidates (M.Tech/ ME, MD, MS, MA, M.SC, MCA, M.Pharma, M.Plan., M.Arch.,M.Des., M.STAT., M.Com. and Other Commerce/ Economics Postgraduate courses and 5% score will be awarded to Professionals (CA, CS, CFA, ICWA & FRM).
Gender Diversity factor	10%	For Women candidates only
Work Experience	5%	24 months to less than 48 months
Total	100%

If the candidate does not score minimum prescribed percentile in CAT 2023, he/she will not be considered for shortlisting for final selection stage. All the shortlisted candidates are invited to appear for Personal Interview (PI) in March, 2024. Shortlisted candidates are required to book the slots for PI as soon as the shortlist is released. 

  Stage-2: Final Admission Round: Selection Criteria

• All the shortlisted candidates are required to participate in Final selection round for SJMSOM-IIT Bombay MBA Admission 2024
• Final selection round consists of Personal Interview (PI) round
• Candidate’s profile is given due weightage in final selection round
• Final Merit list of selected candidates for MBA 2024-26 programme is based on Candidate’s composite score which includes CAT 2023 score, PI score and Candidate’s Profile

IIT Bombay MBA Admission 2024: Final Merit List
SJMSOM-IIT Bombay selection criteria after final admission round award following weightage in generating final merit list:

Component	Weightage Points out of 100
CAT 2023 Score	42.5
Personal Interaction (PI)	42.5
Candidate’s Profile	15
Total	100

Candidate’s Profile: Bifurcation of Weightage
Below is shared the key components and their weightages of Candidate’s Profile in generating the final merit list for IIT Bombay MBA Admission  

Candidate’s Profile  (Break-up as follows)	Points Out of 15
Graduation Score	6
Work Experience	6
Extra-Curricular Activities	3

11. IIT Bombay MBA Cut Offs  
SJMSOM-IIT Bombay Cutoff 2024 has been liberalised for MBA admission 2024. Only the candidates above the minimum cut-offs in the CAT 2023 sectional percentile ranks, the overall percentile rank and obtaining a positive (greater than zero) raw score in all sections of CAT-2023 will be considered for all the subsequent stages.

Category	Minimum Overall Cut off	Section-1: VARC	Section-2: DILR	Section-3: Quant
General / EWS	90	75	75	75
NC-OBC	81	67.5	67.5	67.5
SC	60	50	50	50
ST	60	50	50	50
PWD	60	50	50	50

12. IIT Bombay MBA Admission 2024: Step by Step Process

Following steps are included in the SJMSOM-IIT Bombay Admission process:

• Step 1: The candidate must have applied, appeared and scored the minimum required sectional and overall percentile in CAT 2023 to be considered for first stage screening process for admission at SJMSOM-IIT Bombay
• Step 2: Candidate must have applied for MBA Admission 2024 at SJMSOM-IIT Bombay by the last date to apply
• Step 3: Candidates are short-listed for Personal Interview (PI) from among the candidates who have a valid CAT-2023 score, who have applied for admission to SJMSOM-IIT Bombay and who satisfy the eligibility criteria for the IIT Bombay MBA Program 
• Step 4: The PI Round is conducted in March 2024 first week for domestic candidates. For International candidates the PI will held thereafter. After the PI round, admission offers are made by SJMSOM-IIT Bombay to successful candidates. The final selection is based on a diverse set of attributes which includes performance in CAT, performance in PI, academics, extra-curricular achievements, work experience among others
• Step 5: Final Admission Offer will be made to the candidates in the first week of May 2024 on the basis of Final Score arrived after awarding the weightage scores on all the components.

13. IIT Bombay MBA Program: Key Differentiators

• 13.1 Due to differentiated research being conducted by many faculty members of SJMSOM, students get opportunities to learn new concepts in unique courses. Warehouse Operations, International Competitiveness, Policy Responses to Climate Change are just examples of many unique courses you can get at SJMSOM
• 13.2 SJMSOM IIT Bombay has its distinct place as a national and global business management school. Apart from MBA, SJMSOM offers post-graduate Master of Management (MOM) and Ph. D. programs and has recently launched an Executive MBA, jointly with the Washington University at St. Louise, USA. SJMSOM provides a well- designed curriculum and training to the students preparing them to meet the contemporary challenges in their professional life ahead.
• 13.3 Students at SJMSOM get opportunity to interact with faculty associated in all domains such as IT, Bio-informatics, Industrial Design, Rural Development, Climate and Sustainable Growth and Transportation Planning to appreciate technology and apply in management.
• 13.4 SJMSOM is one of the five select founding member institutes of the National Entrepreneurship Network (NEN). The School has a continuous process of interaction with industry leaders through Seminars, Lectures and other students’ festivals/events/ continuum / activities (clubs) related to all functions of Management. SJMSOM alumni serve at the different leadership positions in the various private, public, multinational, government and non-profit organizations.

14. IIT Bombay MBA vs IIT Delhi MBA: Unveiling the Superior Choice
If you are looking for information on IIT Bombay MBA vs IIT Delhi MBA, here are important details including Rankings, Fees, Placements. Read this before you take decision on IIT Bombay MBA vs IIT Delhi MBA.

Parameter	IIT Bombay MBA	IIT Delhi MBA
NIRF Ranking 2023	#10	#5
MBA Fees	Rs.14,08,000 (Under Revision)	Rs. 11,20,000
Average Placement Package (in INR)	Rs.25.93 LPA	Rs. 25.82 LPA
Highest Placement Package (in INR)	Rs.49 LPA	Rs. 41.13 LPA
MBA Application Fees	Rs.1600	Rs. 1600
Exams & Score Cut offs	Minimum 90%ile	Minimum 90%ile
MBA Seats	152	125+

Hope above table has answered your question: Which is better IIT Bombay MBA vs IIT Delhi MBA

15. IIT Bombay MBA Admission 2025

There are many young students who wish to appear in CAT and apply for IIT Bombay MBA admission this year but since they are in the second year or third year of their bachelor’s degree course and are not eligible this year, but can apply for IIT Bombay MBA admission 2025 through CAT 2024. For the last 2-3 years IIT Bombay MBA admission policy has remained on same lines and it is expected that the IIT Bombay MBA admission 2025 process will remain on similar lines as this year. You need to begin your CAT preparation and by the time you become eligible to appear in CAT 2024, you would have completed a large part of your CAT exam preparation which will help you score high in the exam and improve your chances for IIT Bombay MBA admission 2025.

Shailesh J. Mehta School of Management is an integral part and important academic unit of the Indian Institute of Technology Bombay which was established in 1958 for providing leadership in education and research with a focus on science and technology. In 1995, IIT Bombay visualized to have a Management School for nurturing innovation and excellence in all fields of management and established SJMSOM at its campus with a mission to have the natural advantage of integration of Engineering and Social Sciences, along with interdisciplinary field of studies to provide management education, research and training.

Hope you found this article on IIT Bombay MBA program quite useful to decide on MBA admission 2024. SJMSoM IIT Bombay admission application process through CAT 2023 is open and you can apply now. Read More

Stay tuned to MBAUniverse.com for more updates on SJMSOM-IIT Bombay