IIM Mumbai Admission 2024: Last Date Extended to February 2; CAT Cut off Reduced; MBA Fee Increased to Rs. 21 lakhs; Launches 3 Full Time MBA Programs

The 21^st IIM of India, IIM Mumbai (Formerly NITIE) has extended the last date to apply to February 2, 2024 till 6 PM for MBA Admission 2024. IIM Mumbai has launched three MBA programmes and has discontinued its earlier PGDM programmes for 2024-26 batch after getting IIM status.

IIM Mumbai Admission 2024: Latest Updates

• Application Process for MBA Admission 2024: Last Date – February 2, 2024 
• IIM Mumbai Flagship MBA Programme: MBA (Operations and Supply Chain Management)  
• 2 Years MBA Fees: Rs.21 lakhs for 2024-26 Batch
• Overall CAT 2023 Cut off: 85%ile for Shortlisting
• No GD or WAT in final section process
• Academics, Work Experience, Gender Diversity get 25% weight in final selection

Despite being a new entrant to IIM family, the IIM Mumbai has a legacy of 60+ years and was formerly known as NITIE Mumbai till August 2023. With a revamped admission criteria, the 2 years MBA programme fee has also been increased to Rs.21 lakhs which is at par with top IIMs and is more than any of the other 13 new generation and baby IIMs.

IIM Mumbai Admission 2024 Highlights
Key highlights for IIM Mumbai MBA Admissions 2024 including Fees Structure & Eligibility, Last Date to Apply, Placements, Courses Offered are as below:

IIM Mumbai Launches 3 New MBA Programmes
After being renamed as IIM Mumbai, as per Gazette notification dated 16th August, 2023, this 21^st IIM has announced its Admission policy 2024 and has launched following three MBA programs with substantial increase in number of seats.

Last PGDM Batch Passed Out 
IIM Mumbai celebrated its first convocation on January 27, 2024 and awarded Post Graduate Diploma and PhDs to 1013 students. The last PGDM batches passing out of IIM Mumbai (Formerly NITIE) included PGDIE, PGDIM, PGDMM, PGDPM and PGDSM students of 2020-22 and 2021-23 batch. While 482 students of 2020-22 batch and 531 students of 2021-23 batch were awarded Post Graduate Diploma by the Union Education Minister Dharmendra Pradhan, there were 26 students of VLFM programme and 32 PhD candidates. 

IIM Mumbai to Offer MBA from 2024 instead of PGDM
IIM Mumbai has launched MBA programs from the academic session 2024-25 with key changes in the eligibility criteria without keeping engineering degree as mandatory requirement. IIM Mumbai admission policy 2024 is released on the lines of top IIMs with key changes in admission criteria, CAT cut off, weightages for key components in shortlisting and final selection process. For MBA admission 2024 at IIM Mumbai, you should apply separately online apart from applying for CAT 2023.

10 Key Changes in IIM Mumbai Admission 2024
This is the first time that Government of India has renamed an existing management institute NITIE as an Indian Institute of Management (IIM) Mumbai. So far, all the 20 IIMs were set up as new IIMs. As such, the admission policy and admission procedure of NITIE is on the lines of other IIMs. Following are the big changes that NITIE has updated in its admission policy 2024 for MBA Admission 2024

1. Launch of MBA Programs in Place of PGDMs: As NITIE becomes IIM Mumbai, it is now an MBA-awarding IIM which has opened admission to the students from all streams. This will improve academic and gender diversity at IIM Mumbai. As already announced, IIM Mumbai will offer three 2 years full time MBA programs instead of PGDM programs. Till now, NITIE used to award AICTE approved diploma like PGDIM, PGDIE. However, after becoming an IIM as per the Act of Parliament, it is authorized to award MBA degree as other IIMs do. As such, NITIE has launched following 3 MBA programs replacing the PGDM programs from academic session 2024-25:

The plans are also to increase the capacity of its two hostels under construction at its campus.

2. IIM Mumbai Revamps Eligibility Criteria with CAT 2023 Overall & Sectional scores
NITIE, as IIM Mumbai will accept CAT 2023 score-overall and sectional also like other IIMs and has revamped its eligibility criteria for MBA admission 2024. CAT 2023 Centre at IIM Lucknow has announced, “IIM Mumbai will use the CAT 2023 score for admissions 2024 for all these MBA programmes. IIM Mumbai will announce admission policy and application form separately for these programs at IIM Mumbai website (https://iimmumbai.ac.in/) in due course.”

So far NITIE accepted overall CAT score for admission but for admission 2024, IIM Mumbai to consider CAT 2023 score sectional and overall both. Now the NITIE IIM Mumbai admission 2024 will be through CAT sectional and overall cut offs. In the revised Admission 2024 criteria, IIM Mumbai Eligibility for MBA admission 2024 program wise has been revamped as under 

2.1 IIM Mumbai Admission Eligibility Criteria for MBA 2024

• The candidate must hold a Bachelor’s Degree, with at least 50% marks or equivalent CGPA [45% in case of candidates belonging to the Scheduled Caste (SC), Scheduled Tribe (ST) and Persons with Disability (PwD) categories]
• Students in the final year of above degree can also apply provided they qualify the above criteria for examinations appeared till date and complete their examination, viva voce etc, by the time of joining the Institute.
• Applicants should take the Common Admission Test (CAT) conducted by the Indian Institutes of Management (IIMs) in order to apply for the programs.

2.2 IIM Mumbai Eligibility 2024 for MBA Operations & Supply Chain Management

• Full-time Engineering/Technology degree in any branch from a recognized university/institution with aggregate 50% marks (relaxed by 5% for SC/ST/PwD candidates). OR 
• Full-time degree from a recognized university with aggregate 50% marks (relaxed by 5% for SC/ST/PwD candidates) in M.Sc. (Mathematics), M.Sc. (Statistics), Dual Degree (Maths and Computing) Minimum 5 yrs, BS./B. Tech (Economics) Minimum 4 yrs.
• Students in the final year of above degree can also apply provided they qualify the above criteria for examinations appeared till date and complete their examination, viva voce etc, by the time of joining the Institute
• Applicants should take the Common Admission Test (CAT) conducted by the Indian Institutes of Management (IIMs) in order to apply for the programs.

2.3 IIM Mumbai Eligibility 2024 for MBA Sustainability Management

• The candidate must hold a Bachelor’s Degree, with at least 50% marks or equivalent CGPA [45% in case of candidates belonging to the Scheduled Caste (SC), Scheduled Tribe (ST) and Persons with Disability (PwD) categories]
• Applicants should take the Common Admission Test (CAT) conducted by the Indian Institutes of Management (IIMs) in order to apply for the programs.

3. IIM Mumbai Application for Admission 2024: Dates, Fee & Process
IIM Mumbai has announced its own application process and fees. An eligible candidate, has to register and apply for CAT 2023 and has also to apply for IIM Mumbai admission 2024. IIM Mumbai application process for admission 2024 has following two steps:

3.1 Register and Apply for CAT 2023
Those who have applied for CAT 2023 and appear in the exam on November 26, 2023 are eligible to apply for IIM Mumbai. Key dates for CAT 2023 are

3.2 Apply for IIM Mumbai Admission 2024
IIM Mumbai has extended the last date to apply for MBA admission 2024. You need to apply separately for IIM Mumbai admission at its website. Key dates for IIM Mumbai Admission are as below:

4. IIM Mumbai Admission Policy 2024: Each IIM announces its own admission policy with minimum eligibility criteria to be considered for first stage of admission, shortlisting criteria with CAT cut off, and final selection criteria. For example, NITIE has so far been a B-School which offered admission to engineers and required degree in Engineering and Technology for admission to its PGDIM and PGDIE programs whereas all the IIMs need graduation in any discipline. As IIM Mumbai, NITIE has announced to accept graduation in any discipline and has released its admission policy 2024 comprising all the components in accordance with admission policy of other IIMs to improve diversity in its class rooms.

According to Prof Tiwari, “Diversity is a key component for IIM” and added, “This tailor–made approach is looking at new age industry requirements and so we are confident of continuing to offer the same quality.”

Source: IIM Mumbai Admission Policy 2024

Sharing the plan for faculty recruitment at IIM Mumbai, Prof Tiwari said, “We also plan to increase the number of faculty. With the kind of courses and various specialised verticals that we plan to offer, we will hire 20-25 more faculty members from India and overseas, in addition to the existing 60 faculty members. A new faculty block is going to be built on the campus to accommodate them. With the new brand of IIM, we hope to attract a good talent pool for faculty recruitment. In the case of international faculty, we plan to offer module-based attractive packages so that they can be on campus for that tenure.”

After getting its long due IIM, Mumbai, the financial capital of India, will offer more MBA seats to CAT aspirants. So far, there was no full fledged IIM in Mumbai although the State of Maharashtra has campuses of two IIMs - IIM Nagpur and IIM Indore (Mumbai campus). Government of India decided not to set up a new building or campus for IIM Mumbai, instead it has included one of the highly ranked and leading management institutes of India, NITIE as IIM Mumbai, to the present family of 20 IIMs.

NITIE Mumbai, carries a legacy of 60 years. With NITIE becoming the first full fledged IIM in Mumbai, the city has some of the best B-schools in India including SPJIMR, SJMSoM- IIT Bombay, JBIMS, NMIMS among others. Already ranked at #7 in the NIRF Rankings 2023 as NITIE Mumbai, IIM Mumbai has the capacity to get into top 5 B-schools in India. Many IIMs, IITs and other top MBA/PGDM colleges are ranked below NITIE.

21 IIMs in India: Legacy goes as Old as 60+ Years
IIMs in India have a legacy of more than 60 years. These IIMs offer wide range of management programs. Total seats in these IIMs are more than 5000. While IIM Calcutta is the 1^st and oldest IIM, it is closely followed by IIM Ahmedabad which was set up next. With NITIE Mumbai becoming IIM Mumbai, the 21^st IIM in India is launched

IIM Mumbai NITIE: 60 Years of Legacy as Leading B-school
National Institute of Industrial Engineering (NITIE) is registered as a society and was established by the Government of India in 1963 with the assistance of United Nations Development Programme (UNDP) through the International Labour Organization (ILO) to create skilled professionals. It is funded by Government of India. The National Institute of Industrial Engineering is registered as a society under the S Societies Registration Act, 1860

IIM Mumbai NITIE Leadership
NITIE Mumbai is led by its Director, Prof. Manoj Kumar Tiwari. He is serving NITIE since November 2019.  With FNAE, FNASc, FIIIE, FIISE, FIETI and many accolades to his credit, Prof Tiwari was a Professor with Higher Academic Grade (HAG) in the Department of Industrial and Systems Engineering at Indian Institute of Technology, Kharagpur and currently on lien for five years.

Prof Tiwari initiated several reforms at NITIE related to academics and research, especially actionable analysis and performance standards for faculty and staff. Under his leadership, the NITIE has improved NIRF Ranking to 7 from 29 for Management.

As a researcher, Prof Tiwari is working in the domain of Manufacturing System and Supply Chain Management. His research and teaching interests are in modeling the Manufacturing Processes and Operations analysis in Supply Chain Networks. He was visiting professor from 11th July 2006 to 11th September 2006 at Department of Industrial and Systems Engineering, University of Wisconsin-Madison, USA. He has also served as Professor at Department of Forge Technology, National Institute of Foundry and Forge Technology (NIFFT), Ranchi, India. 

NITIE as IIM Mumbai: Demand Pending since 2007
In 2007, HDFC Chairman Deepak Parekh and noted industrialist Anand Mahindra had suggested and urged the Government of India to change the name of NITIE as IIM Mumbai. Dr Manmohan Singh, the then Prime Minister, had also promised to look into it but nothing was done in this direction till 2021. However, on January 31, 2022, the Ministry of Education in the Modi Government, constituted a committee of experts  to assess the feasibility of including NITIE under IIM Act 2017. The Union Cabinet has finally approved the bill to amend IIM Act to include NITIE Mumbai as the 21st Indian Institute of Management (IIM).

The list of experts in the committee included Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange & Chancellor University of Allahabad; Prof. Pawan Kumar Singh, Director, IIM Tiruchirappalli; Prof. Pramod Kumar Jain, Director, IIT BHU; Prof. Subhasis Choudhuri, Director, IIT Bombay; Pradeep Goyal, CMD, M/s Pradeep Metals.

IIM Mumbai Campus
IIM Mumbai (NITIE) is located in Powai, near Vihar Lake. The B-school has a sprawling campus of 67 acres with ultra modern facilities for the students and faculty. NITIE is a student-run institute that has around 30 Committees and Forums that the students can be a part of. Around a year, these committees organize various events and programs like Sansmaran – Alumni Meet, Avartan – Flagship Business fest of NITIE, Mahamandi, Arohan, Panel discussions, Leadership talks, Social Volunteering works among others

After the passing of IIM Act Amendment bill 2023 by Parliament on August 8, 2023 and getting President’s nod on August 11, 2023, NITIE has now become IIM Mumbai, the 21^st IIM in India and  the first full fledged IIM in Mumbai which will award MBA degree instead of Post Graduate Diploma. On the occasion, Director NITIE, now IIM Mumbai, said, “We will now be awarding an MBA degree to our students” and confirmed, “The 2022-24 and 2023-25 batches which are already on campus, will graduate with an IIM certificate” and added, “The inclusion of NITIE in IIM Act, 2017 is the result of years of hard work, commitment and collaborative efforts of our faculty, administration officials, management members, staff, alumni and students. The acknowledgement underlines our sustained endeavours to achieve academic excellence in the domains of industrial engineering, engineering management and management sciences, supply chain. It will inspire us to further elevate our academic offerings with deep industry insights and experience.”

Stay tuned to MBAUniverse.com for more updates on IIM Mumbai