Zollege is here for to help you!!
Need Counselling

Home > Mumbai > SJMSOM > Courses & Fees

SJMSOM IIT Bombay MBA: Admission 2024, Course details, Selection Criteria, Eligibility, Application Process

Mumbai, MaharashtraPublic College

Master of Business Administration [MBA] (Finance)


Course Fees

Course Duration

2 Years

Tuition Fees

2 Lakhs

1 Year Fees

7.18 Lakhs

Total Fees

14.27 Lakhs

Detailed Fees

general
sc/st
NRI
semesterTuition FeesAdmission FeesRegistration FeesExam FeesOther FeesTotal Fees
semester 1₹ 200000₹ 2550₹ 850₹ 1150₹ 158550₹ 3.63 Lakhs
semester 2₹ 200000-₹ 850₹ 1150₹ 152550₹ 3.55 Lakhs
semester 3₹ 200000-₹ 850₹ 1150₹ 152550₹ 3.55 Lakhs
semester 4₹ 200000-₹ 850₹ 1150₹ 152550₹ 3.55 Lakhs

Course Information

Eligibility Criteria

Applicant must satisfy one of the following criteria:

1. A four year Bachelor’s degree or a Master’s degree in any discipline  with first-class or 60% marks (55% in case of candidates belonging to SC/ST category) in aggregate (including all years/semesters) or a minimum CPI of 6.5 (6 in case of candidates belonging to SC/ST 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.

2. CA, CS, CFA, ICWA, or FRM, with a first-class Bachelor’s Degree in any discipline having secured 60% marks (55% in case of candidates belonging to SC/ST category) in aggregate (including all years/semesters) or a minimum CPI of 6.5 (6 in case of candidates belonging to SC/ST category) out of 10.

* (CA (Chartered Accountancy), CS (Company Secretary), CFA (Chartered Financial Analyst), ICWA (Cost and Works Accountancy) & FRM (Financial Risk Manager))

3. Those appearing for the final degree examination can also apply. The admission in such cases will be subject to their fulfilling the minimum eligibility criteria as stated in (1) or (2) at the time of joining the course.

Course Details

SJMSOM IIT Bombay MBA Eligibility:

  • 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.

SJMSOM IIT Bombay MBA Selection Criteria:

  • Stage 1Minimum sectional cut off in CAT. Candidate will be shortlisted on the basis of the performance in CAT.
  • Step 2Shortlisting for Personal Appearance (PA):
Duration 2 Years
Basic Eligibility Criteria Graduation
Basic Selection Criteria CAT and Written Test along with Interview
Mode of Education  Full Time
Total Programme Fee General: INR 14,77,600/-
CAT Percentile 90
Category Quantitative Ability (QA) Data Interpretation & Logical Reasoning (DI & LR) Verbal & Reading Comprehension (VRC) Overall
General 75 75 75 90
OBC 67.5 67.5 67.5 81
SC 50 50 50 60
ST 50 50 50 60
PWD 50 50 50 60
  • Candidates will be shortlisted for PI (Personal Interview) process based on their composite scores calculated as detailed below.
  • Composite scores to be used for shortlisting of candidates PI:
Parameter Weightage (%)
Performance in CAT 2022 (on Overall Scaled Score) 70
12th Score 5
Graduation Score 5
Gender Diversity 10 (will be awarded to the female candidates)
Post Graduate/Professionals 5
Work Experience 5
  • Calculating the Academic Profile:
    • Class XII or Equivalent (5%): Scores to the candidate will be allotted according to the stream and will be calculated according to the below-mentioned formula-
Marks obtained (in %) Formula Used
Science Stream
<=65 0
>65 (x-65)*5/35
Commerce Stream
<=60 0
>60 (x-60) *5/40
Arts Stream
<=55 0
>55 (x-55) *5/45
  • Graduation degree (5%): The score will be awarded to the candidates based on the marks obtained in the Graduation Programme and based on the discipline of their course.
Marks obtained (in %) Formula Used
Discipline 1: Engineering, Basic Science and Commerce
<=65 0
>65 and <=85 (x-65) *5/20
>85 5
Discipline 2: Professional Degree (CA, ICWA) 
<=55 0
>55 and <=70 (x-55) *5/15
>70 5
Discipline 3: Medicine and Arts
<=55 0
>55 and <=75 (x-55) *5/20
>75 5

Here, x is showing the marks secured in the examination.

  • Work Experience: 5% score will be awarded depending upon the applicant’s duration of relevant work experience.
Work Experience Formula for Scoring (%)
<=24 5*x/24
>24 and <=48 (48-x) *5/24
>48 0

Here, x is showing the work experience.

SJMSOM IIT Bombay MBA How to Apply?

  1. Application form can be filled online by visiting the official website of the school.
  2. Click on the application form link and fill 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.

Placement

Highest Placement₹ 54.0 Lakhs
Average Placement₹ 28.9 Lakhs
Top Companies

College Ranking

Ranking of Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM]



Ask your question

Answered Questions

Shailesh J. Mehta School of Management, IIT Bombay - [SJMSOM]: 24 answered questions

TM

Taara Malhotra

16 Jan 23

SJMSOM at IIT B was founded in 1995, making it a relatively newer institution. But for a couple of years now, it has been making headlines because of some really outstanding profiles that were provided. Its core competencies are operations and supply chain management. There is no doubt that IIT B is the best choice if you want to work as a product manager. IIT B also has a beautiful campus with excellent facilities.

Additionally, it would give you the opportunity to take part in MOOD-I, the most significant cultural festival in all of Asia, which is held at IIT Bombay. With the well-known tech fests, there is another opportunity for you to participate. Furthermore, there are benefits to living in Mumbai. For guest lectures, the majority of the industry experts live nearby and are easily reachable. 

IIM Lucknow was founded in 1984, so it has 11 batches more alumni than IIT B, resulting in approximately 3300 more alumni (considering 300 students per batch on average). It is also the fourth oldest IIM, following A, B, and C. You will gain a lot more industry experience, which will assist you in deciding what you truly want to do. In addition, IIM L offers better opportunities in Sales & Marketing, Consultancy, and BFSI than SJMSOM. Furthermore, you will be networking with a large number of students from all over the country and forming lifelong friendships. Furthermore, the IIM tag for a managerial position has an advantage over the IIT tag, which is still developing.

It would be fine if you went to IIM L, SJMSOM, or any other B school a few years later. When you switch from the first company you get after your placements, the new recruiters will be more interested in your work than in the college you attended. And the impact of your college's name gradually fades. What remains are the lessons you've learned and the memories you've made over the last two years. 


RG

Raktim Ghose

11 Aug 21

All three colleges are on top and choosing one among three is not easy. But I can give you some ideas about them as I have friends studying at these institutes. TISS is one of the most reputed colleges for HRM courses in the country. The top two institutes for HR programs are XLRI and 2nd is TISS. XLRI holds first place due to its history and huge batch size and placements.

  • TISS is growing fast but still doesn’t have the same presence as XLRI has.
  • TISS though has the advantage of a very small batch size compared to XLRI, which means lesser competition.
  • And again TISS is at Bombay while XLRI is at Jamshedpur. I would say TISS is still a very good option for aspirants interested in HR.

NITIE and SOM are the top two colleges in India for operations and supply chain profiles with NITIE being the clear number 1.

  • Long history and a huge batch size result in lots of senior supply chain managers from NITIE across various companies.
  • On the other hand, though 20 years old, SOM was upgraded only recently, to 120 batch size from earlier 60.Students are getting to the top but SOM does not have the same presence as NITIE.
  • NITIE has more recruiting companies with cushy pay packages as compared to SOM. Although SOM is improving its placement numbers rapidly.
  • SOM does boast of elegant IIT B infrastructure and less batch size and hence, lesser competition due to smaller batches.
  • But NITIE would give you more options in terms of placements.

So my preference order will be the following.

TISS (HR) > NITIE (Operations & SCM) > SJMSOM (Finance & others)

So, choose wisely based on your preferred domain. And in case you are interested in Marketing, both NITIE & SJMSOM are equally good.


AK

Abhilash Karnik

17 Mar 23

IIT Bombay boasts a long list of notable alumni in various industries. Some of the most eminent figures have been listed below 

  1. Nandan Nilekani: Chairman of UID and ex-head of Infosys.
  2. Manohar Parrikar: Present Chief Minister of the state of Goa
  3. Kanwal Rekhi: Ex-chairman of Citicorp, who has a building named after him at IIT Bombay.
  4. Jairam Ramesh: He is an Indian Economist and Politician belonging to the Indian National Congress in the United Progressive Alliance (UPA) ruling coalition of center-left political parties heading the Government of India.
  5. Bharat Desai:  He is currently a chairman of Syntel, a KPO and IT organization. His current net worth is around 1.4 billion Dollars.
  6. Udaya Kumar: He designed the Indian rupee sign.

These famous alumni from IIT Bombay have made the institution's name and are highly considered idols by many IITians.


SP

Shreya Prasad

12 Aug 21

I think I can give you some insight regarding NITIE and SJMSOM since I have friends from both institutes. Both are nearly identical, however, SJMSOM may be a better choice because NITIE promotes itself as an Operations majors institution, whereas SJMSOM promises to cover all fields. As a result, you may have more prospects in the finance industry at SJMSOM than at NITIE.

The table below has a brief comparison of the two institutes. 

Parameters  NITIE SJMSOM
Course fee 13 lakhs (approx) 9 lakhs
Placement rate 100% 100%
Average salary package 19 lakhs 20 lakhs
Highest salary package 46 lakhs 34 lakhs

So, going by the above-mentioned factors, I will say SJMSOM may be a better alternative for Finance.


SJ

Sidhharth Jain

25 Jan 23

When considering which business school to attend, it can be helpful to think about the impact that the institute will have on your resume. On the one hand, SJMSOM is an older institute that is well-known for its engineering program at IIT. While it may have a strong reputation in certain fields, it may not be as well-known for its MBA program. On the other hand, the newer IIMs, including IIM Ranchi, have not yet fully established their reputations in the business world. While they may have the prestige of being part of the IIM network, they may not yet have the same level of recognition as older institutes. 

Ultimately, the value of an MBA degree will depend on what you make of it and the effort you put into your studies and career development. It is important to carefully consider both the reputation and the resources of the business school you choose in order to make the most of your MBA experience.


AS

Anuraj Sinha

20 Apr 22

You should choose IIM Kozhikode. SJMSOM is a good B-School and maintained a decent record over the last few years. However, choosing IIM Kozhikode will offer you the brand value advantages of IIM and long-term returns. 

IIM Kozhikode has a better faculty base for management. You will also get good opportunities to attend lectures by some of the famous visiting faculty.

IIM Kozhikode placements are pretty good as well. As per the 2022 placement highlights, the median CTC offered to the students is around INR 26.5 LPA


GR

Gargi Roy

24 Aug 21

Both SJMSOM and IIM Indore are distinguished B-Schools in this league. IIM is a brand name on its own and offers certain perks that make it a better choice. 

  • Specialization: SJMSOM is known for its Operations and IT/Analytics/Consulting. Most of the students remain confused in choosing their specialization and tend to delve into their options at the end of their first year. This can be quite helpful if you want to explore your options in the first year and then choose a specialization. 
  • Placements: The factor that affects placements is the batch size. The less the batch size the more efficiently and steadily the placements are done with. Often IIM Indore completes their placement before SJMSOM and other IIMs. However, the competition at IIM Indore is high. According to the recent placement highlights the average CTC offered at SJMSOM and IIM Indore is 20 LPA and 23 LPA. 
  • Campus: IIM Indore has a splendid campus situated out of the city. The campus is huge and is one of the best campuses in India. At SJMSOM, the campus is to be shared with engineering students. However, this is not much of a problem for students. IIM Indore also provides more extracurricular opportunities.

Hopefully, this would be helpful for you in making the right choice.


YA

Yash Agarwal

15 Sept 21

Definitely, both the B-Schools are great but IIMK should be your first choice. Unless we are discussing Operation then I would advise you to opt for SJMSOM.

You will have trouble with placements due to your average academics as most of your peers will have better academic records. You will always get opportunities to make your profile better. You can improve your profile by winning competitions, holding significant PORs, and getting an excellent grade in your MBA programme. 

Even if you don’t get your desired placement, you can excel in the job and leverage your performance in the corporate world along with the IIM alumni network on your side. That way you will be able to fetch better opportunities a few years later. 

Here are the recent placement highlights for the institutes. 

Parameters  IIM Kozhikode SJMSOM
Average CTC  22.5 LPA  21 LPA 
Highest CTC  46 LPA  32 LPA
Major recruiters  Asian Paints, Amazon, Brain & Co. JCB, Infosys, Flipkart

IIM Kozhikode definitely offers certain advantages which makes it a superior choice. 


JM

Jyoti Mishra

09 Jun 21

My cousin is an alumnus of NITIE and has spent two years in the institute as a student. His opinion is based on professional experience and may not be true for summer and final placements at SJMSOM and XLRI.

  • Companies consider students with good grades as an equivalent proxy to dedication at the workplace, and the ability of the students to analyze critically and intensively.
  • The merit required for the consideration is open to question and/or debate. Marks obtained in high school and graduation usually serve as filter criteria for filtering out worthy students from hundreds of them.
  • Experience in work in domain and years or the lack of it and the college you completed your undergraduate degree from matter in a few cases.
  • It is wrong to say that one of these matters will nullify and get you a place in the shortlist for the subsequent selection rounds.

A counter-argument can turn up claiming that the companies do not look at the scores. It is up to the students concerned to follow this notion.


SS

Sadhika Sharma

13 Aug 21

IIT Bombay has a brand name for engineering, but NITIE is a prominent brand name for management engineers. NITIE is anytime better than IIT Bombay. Following are the reasons for the same:

  • NITIE has a strong industry relation and reputation.
  • The alumni of NITIE are widespread and stronger than IIT Bombay. They are well-groomed and successful.
  • The fee and placement details are below.
Particulars NITIE (PGDIM) NITIE (PGDISEM) IIT Bombay (MBA)
Fee INR 11.33 Lakhs INR 11.33 Lakhs INR 13.64 Lakhs
Average CTC INR 20.84 LPA INR 16.28 LPA INR 20 LPA
Highest CTC INR 44 LPA INR 44 LPA INR 27 LPA
  • The top companies coming for recruitment are EY, IDFC First, Colgate, ETLI, P&G, L&T, Wipro, Accenture Technologies, GE, Siemens, Hero MotorCorp, Pidilite, Mahindra and Mahindra, ABFRL, Exide, TCS, Cognizant, Pernod Richard, and more.

Overall, as per the above analysis, NITIE Mumbai is a better choice. Even the return on investment is higher than IIT Bombay.



Similar Colleges You Might Be Interested In

MDI Gurgaon

MDI Gurgaon

Gurgaon, Haryana
No Ratings Found!!
Follow
No Ratings Found!!
Follow
Indian Institute of Management - [IIM]
MBA/PGDM 9.05 LFirst year Fees courses & fees >
No Ratings Found!!
Follow
No Ratings Found!!
Follow
No Ratings Found!!
Follow
Indian School of Business - [ISB]

Indian School of Business - [ISB]

Hyderabad, Telangana
MBA/PGDM 39.26 LTotal Fees courses & fees >
No Ratings Found!!
Follow
No Ratings Found!!
Follow
No Ratings Found!!
Follow
JBIMS

JBIMS

Mumbai, Maharashtra
MBA/PGDM 3.50 LFirst year Fees courses & fees >
No Ratings Found!!
Follow
No Ratings Found!!
Follow
SP Jain [SPJIMR]

SP Jain [SPJIMR]

Mumbai, Maharashtra
MBA/PGDM 24 LTotal Fees courses & fees >
No Ratings Found!!
Follow
Indian Institute of Management - [IIMU]
MBA/PGDM 11.79 LFirst year Fees courses & fees >
No Ratings Found!!
Follow
No Ratings Found!!
Follow
No Ratings Found!!
Follow
IIM Jammu Indian Institute of Management
MBA/PGDM 9.40 LFirst year Fees courses & fees >
No Ratings Found!!
Follow
No Ratings Found!!
Follow