IIT Bombay MBA Admissions 2024 are ongoing. The institute has released the shortlisted of selected candidates. 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 Eliigbility

  • Graduation Degree holder in any subject from a recognized University or Institution.
  • Minimum 60% marks secured in the qualifying examination.
  • Candidates belonging to SC/ST category should have a minimum of 55% marks secured in the final examination.
  • Appearing candidates can also apply for admission.
  • 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.

IIT Bombay MBA Cut off 2024

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

Category Quant VARC DILR Overall
General / EWS 75 75 75 90
NC-OBC 67.5 67.5 67.5 81
SC 50 50 50 60
ST 50 50 50 60
PWD 50 50 50 60

Read More: IIT Bombay Cut off

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.

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 Admission: How to Apply?

  1. The application form can be filled online by visiting the official website of the school.
  2. Click on the application form link and fill in the required details within 50 minutes (as the session will expire after 50 minutes).
  3. Upload the scanned copies of the below-listed documents:
    • Passport size photograph (jpg / jpeg/ png only with size not more than 40KB).
    • Signature (jpg / jpeg / png only with size not more than 10KB).
    • Graduation Certificate / Copy of latest semester mark sheet (for students appearing for the final semester or yet to receive Graduation Certificate) (PDF Only with size, not less than 500KB).
    • Caste certificate (If applicable) (PDF only with size not less than 500KB).
    • Physically disabled certificate for applicants with a disability. (PDF only with size not less than 500KB).
    • CAT scorecard (PDF only with size not less than 500KB).
  4. Submit the application form along with the application fee through Net Banking/Debit/Credit Card.

IIT Bombay MBA Batch Profile 2023-25 Batch

Batch Profile

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 eligibility requirement for IIT Bombay MBA?

Ans. IIT Bombay offers an MBA program on the basis of the CAT scores. However, there are also some eligibility criteria that candidates should meet. Students must have passed their bachelor’s degree or Master’s degree in any relevant discipline with a minimum of 6.5 CPI (6 for SC/ST/PwD category).

Ques. What is the curriculum structure of the MBA program at IIT Bombay?

Ans. The curriculum structure of the MBA program at IIT Bombay includes core courses in various management disciplines like Marketing, Finance, Operations, Human Resources, and Strategy. Additionally, there are multiple electives offered such as International Business, Economics, Information Technology, etc. Along with these, the institute provides internships, and mandatory industry internships to enhance the students’ fieldwork. 

Ques. What is the selection process for the IIT Bombay MBA program?

Ans. IIT Bombay grants admission to its 2-year MBA program only through valid CAT scores. However, the selection process typically includes Group Discussion (GD) and Personal Interview (PI) conducted by the institute. The final selection of the candidates is based on their performance in these stages.

Ques. Can I apply for the IIT Bombay MBA course even if my final semester’s results are awaited?

Ans. Candidates who are in their final year of the degree and whose final results are awaited can apply for the MBA course at IIT Bombay. In this case, students must have secured at least 60% of aggregate marks (55% for SC/ST/PWD) or equivalent in the latest exam that has been concluded and whose scores are available. The admission will depend on meeting the eligibility criteria of the MBA program.

Ques. Does IIT Bombay offer any summer placements to its MBA students?

Ans. IIT Bombay offers summer placements in the early part of the academic year to provide its MBA students with practical experience in real-world work. In 2023, the institute welcomed a total of 38 companies to run the placement drive. The highest stipend offered to the candidates was INR 4.40 LPA with an average stipend of INR 3.03 LPA.