IIT Bombay MBA: Fees 2025, Course Duration, Dates, Eligibility

Admission to MTech students is given under 3 categories at IIT Bombay.

• TA (Teaching Assistantship)
• RA (Research Assistantship)
• Sponsored Candidates

Teaching Assistantship

The fees for the first semester is higher than that of other semesters. The estimate is around 50-60k and includes everything; tuition, hostel, and mess. The table below shows the IIT Bombay MTech fees structure (2022) for the first semester only 

Second and third-semester fees are comparatively lower but the final semester fees rise again mainly due to placement fees and convocation fees. 

Hostel Fees: IIT Bombay hostel fee is INR 34,050 which includes Mess caution money, Hostel seat rent, Electricity & water charges, and Mess advance. Thus the total MTech fees remain anywhere between INR 180000 to INR 200000.

If you think this fee is high then here is an important piece of information for you. 

TA students get a stipend of around INR 12,400 every month i.e INR 74,400 per semester, which is much better than per semester fee. In 2 years, the student gets roughly INR 2,88,000.

Research Assistantship: Fees for the RA category are different. The duration of MTech for RA students is 3 years and they also get a stipend.

Sponsored category: The fees for these students are the highest and they do not get any stipend as they are sponsored by a company.

Department of Energy Sciences at IIT Bombay is among the newest in comparison to Mechanical, Civil or Electrical Engineering but its demand is increasing in a fast-paced manner. The reason is the shift in the demand from conventional to non-conventional forms of energy resources. 

Faculty: The faculty is one of the best in the country. The HOD is a member of the Niti Aayog advisory board. Most professors and alumni have their own startups worth millions while some 

Associate Professors who have joined recently are PhDs from MIT.

Curriculum: The introduction of the department gives you a general picture of the course. You are required to complete 12 courses in these 4 semesters out of which 6 are electives. These 6 electives can be from almost any branch in IIT Bombay based on your personal choice. 

Placements: The placements are pretty good and most students go for their own startups. The packages range around 11 LPA. Companies from a number of branches come for placements such as data analysts, core energy, energy consultancy, etc.

MTech Energy Engineering Course Highlights

The course Operations Research offered at IIT Bombay is an integrated Ph.D. course.

Duration: The course duration is 6 years, while the minimum is 5 years. It depends on how much time you take to complete your PhD. You can even extend it more than 6 years but won’t be receiving any stipend for the same. Another option is to opt out of an MSc degree after 3 years.

Compensation: Students are paid around INR 6000/- month for 2 years and then INR 25000 from third year.

Department: This course is offered by the IEOR( Industrial Engineering and Operations Research) department of IIT Bombay which is considered the best in India.

Courses: The courses offered are Industrial Engineering related and some pure operations research related. There are a large number of project courses since this is a research-oriented course. After successfully completing the first 3 years you get admission to a Ph.D. program provided that you qualify certain prerequisites.

Purpose of the course: The course targets students who are interested in research and stimulate them to pursue a career in Operations Research. Some students, however, instead sit for placements after the third year with an MSc degree and don’t go for Ph.D.

Placements: There is no use to mention placement as most of the small batch size opts out of placements to pursue PhD.

Suitability: The course is most suitable for those who are sure of kick-starting a career in research. You get to work on various projects under the guidance of great professors. 

Selecting the best PhD advisor is very necessary to ensure a good career. The same professor then gives you a PhD in very less duration or even drags the time unnecessarily. The best part is that you don't need to clear any PhD entrance like UGC CSIR and can easily get a PhD admit with few formalities and end up with a doctorate degree in less than 6 years.