ITM Business School: Fees Structure, Placements, Packages, Courses Offered

ITM Mumbai MBA College

ITM Business School Mumbai, sprawling over a 193-acre campus, was established by the Department of Higher Education, the Ministry of Education, and the Government of India. It is an established champion in the field of management and in interaction with the Government, PSUs, and industry. ITM Mumbai has partnered with world-renowned institutes like Queen Margaret University, UK, EMI Normandie, France, and Groupe ESSCA, France. ITM Business School offers its best education services from its headquarters in Kharghar, Navi Mumbai. However, it has several other branches in Chennai, Vadodara, Raipur, and Warangal. It offers AICTE-approved PGDM iConnect across 10 specializations, providing India’s quality business & technology education. ITM Business School has been awarded various rankings, and some of them are:

• Ranked 54thfor MBA by BW Business World 2019
• Ranked 57thfor MBA by Business Today 2019
• Ranked 93rdfor MBA by Composite Rank 2019
• Ranked 20thin Maharashtra B-Schools by Times B-School Survey 2019
• Ranked 32nd by Business World B-School Survey 2019
• Ranked 12th as Top Private B-Schools in Maharashtra by Cfore-EW B-School Survey 2019
• 3 PALMES of Excellence by top 2019 Eduniersal Best Masters Ranking
• Ranked 12th in West Zone Rankings of India’s Top MBA Colleges by Business World 2019
• Ranked 14th in the Top B-Schools of Online Classroom Program Excellence by GHRDC- CSR B-School Survey 2019
• Ranked 6th in Top Private B-Schools in Mumbai by Times Annual B School Ranking Survey 2020
• Ranked 5th in Maharashtra By All India – Times B-School Survey
• Ranked 31st India’s Top B-Schools By Dalal Street Investment Journal
• Ranked 8th among Top 75 In West Zone By Times B-School Survey 2018
• Ranked 15th Among Top 100 B-Schools By Times B-School Survey 2018

Note the table below for important information about this Top MBA Colleges in India.

Components	Details
Year of establishment	1991
Campus size of ITM Mumbai	3 acre
Institute type	Private
ITM Mumbai Fees Structure	Approximately Rs.10.45 lakhs
Recognized by	AICTE
Accredited by	NAAC, NBA, AIU
Mode of education	Full-time
ITM Mumbai Packages	Rs 22 LPA (Highest) Rs 8.5 LPA (Average)
Number of courses offered	PGDM & MBA
ITM Mumbai Cut Offs	No official data is available. Meet the other eligibility details.
Official website	www.itm.edu
MBA Entrance Exams Accepted	National: CAT/XAT/MAT/CMAT/GMAT/ATMA/NMAT State: MBA CET
Gender intake	Co-ed
Application mode	Online

Latest News on ITM Mumbai Business School

Here are some important news and updates from ITM Mumbai of the last year.

• 21 July 2021: Placement Readiness session held by Mr. Amitesh Ghosh for the OM and SCM – Operations Management and Supply Chain Management students through Google meet platform.
• 9 July 2021: The participants were a treat for brand ki Baat session 3 held by Ms. Gauri Awasthi on Zoom.
• June 2021: Creating Interactive Dashboards with Microsoft Power BI workshop organized by ITM Kharghar’s Data Freak Community attended by 32 students and 1 faculty.

ITM Business School Mumbai Placements

The dedicated placement cell of ITM Mumbai facilitates placements and internships for students and offers a five-month I-connect Internship (ITM Mumbai summer placements 2022) with a focus on On-the-Job Training (OJT). Last year, this institute offered 100% placements for all its eligible students and concluded with the highest ITM Packages of INR 22 LPA.

The placement cell of ITM Mumbai provides placements, entrepreneur support, internships, higher studies aid, and career advice and guidance.

The career services team of ITM Business School Mumbai prepares students for group discussions, personal interviews, resume building, aptitude tests, and presentation skills to enhance their self-confidence. These measures help the students to face the highly competitive placement processes.

Particulars	Statistics
Top recruiters	Deloitte, PwC, SBI, KPMG, E&Y, etc.
Highest recruiting domain	Banking
No. of companies visited	650
Placements percentage (2020)	100%

☛ Related Links:

• CAT Registration
• NMAT Registration
• CMAT Registration
• XAT Registration
• MAT Registration
• MBA CET Registration

Summar Placement Statistics of ITM Mumbai

ITM has collaborated with nearly 200 organizations for the internship. The institute has signed a Memorandum of Understanding with many organizations, and students may get a minimum payment during the internship, which is 5 months long. They get proper guidance from industry professionals. Students learn the industry’s latest concepts and applications, and companies often evaluate the students’ performance during this internship period. Below are some important highlights of the ITM Mumbai summer placement process.

• The highest package was Rs 22 LPA.
• The average package was Rs 8.5 LPA.
• 100%placements
• Top recruiters were PwC, KPMG, Deloitte, SBI, E&Y, and others.
• 650+ recruiters visited the campus for placements with overseas placement opportunities.
• 300+ hours of life skills and professional development incorporated in the curriculum
• Re-designed NGO Project to project Corporate Social Responsibility
• 5 Month Intensive Internship program with focused On the job Training
• Live project mentored by a team of Industry Experts and Core Faculties

ITM Mumbai Placements Process

Note the steps below to get an idea of the placement process at ITM Business School.

• Step 1 – Various Companies in Placement Process send an intimation to the ITM Mumbai placement cell.
• Step 2 – Students are given information about the profile of the company, remuneration offered, and domains through the pre-placement presentation.
• Step 3 – The selection process is thoroughly conducted, after which ITM Mumbai final placement process is conducted through CGPT.
• Step 4 – The entire procedure can be conducted in-campus or off-campus

ITM Mumbai Placements Reports

Below stated is the last year’s ITM Mumbai placement report.

• Total number of students in PGDM batch: 608
• The total number of students who participated in placements: 593
• The total number of companies that visited the ITM campus: 191
• First-time recruiters: 43
• Total number of offers: 342

Sector-wise Placements Statistics at ITM Business School Mumbai

Let us take a look at the ITM Mumbai Sector-Wise Placement Percentage:

Top sectors	Placement Percentage
BFSI	39.5%
Consultancy	2%
Digital Marketing	3.3%
E-Commerce	2%
Education	5.5%
FMCD	3.1%
FMCG	2.3%
IT/ITES	7.9%
Logistics	2%
Manufacturing	3.5%
NBFC	4.51%
Real Estate	7.89%
Retail	8.77%
Telecom	1%
Safety & Compliance	1%

ITM Business School Mumbai: Domain-wise Placement

Banking covered over 28% of the total offers and was the highest recruiting domain in PGDM 2021 batch placements:

Sector	Domain-wise Placement Percentage
Real estate	15%
Recruitment	11.64%
Logistics	3.33%
Automobiles	1.67%
Banking	28.33%
Education	3.33%
Hospitality	3.33%
IT/ITES	26.70%
NBFC	26.70%
Manufacturing	5%

☛ Related Links:

• CAT Question Paper
• MAT Question Paper
• XAT Question Paper
• MBA CET Question Paper
• NMAT Question Paper
• CMAT Question Paper

ITM Group of Institute: Function-wise Placements

In ITM Business School placements 2021, Marketing turned out to be the highest recruiting specialization with the highest package of Rs 22 LPA.

Top functions	Placement Percentage
RMM	57.14%
Finance	37.96%
IB	67.24%
FM	46.94%
HR	37.5%
IT	50%
Operations	52%
Marketing	70.54%

Top Recruiting Companies at ITM Business School

Here is a list of ITM Mumbai top recruiters:

Top recruiting companies
J P Morgan	TCS	Kotak Mahindra Bank
Hindustan Unilever	Landmark	City Union Bank
LG Electronics	TNS Global	Ernst & Young
Browser Stack	Farmlink Distributions Services Ltd	Tata Consultancy Solutions
Amazon	Reliance Securities	ICICI Securities
L & T Finance	Novo Nordisk	ITC Hotels
Deloitte	Rubix Data Science	Deloitte
Byju’s	myGate	Zomato
Kalpataru	Toppr Technologies	TATA CAPITAL
Lodha	Landmark	American Express
Reckitt Benckiser	JM Financial	Colgate Palmolive Ltd
HDFC Ltd	Odessa	DocOn Technologies Pvt. Ltd.
GIC Housing Finance	Federal Bank	Voltas Ltd. – A TATA Enterprise

ITM Mumbai: Domain-wise Top Recruiters

Top recruiters of ITM Mumbai include the following:

• FMCG: Asian Paints, Berger Paints, Nestle, ITC, Emami, etc
• BFSI: HDFC, IndusInd Bank Ltd, ICICI Bank Ltd, Federal Bank, Kotak Mahindra Bank – 204 students
• Consulting: Deloitte, TCS, Credence Analytics, Morning Star

Top Alumni Recruiters at ITM Mumbai

At ITM Business School Mumbai, regular meets are conducted for students and alumni through placement procedures, workshops, guest lectures, industrial visits, etc. Here is a glimpse of ITM Mumbai alumni placements:

ITM Mumbai alumni domains	ITM Mumbai top alumni recruiters	ITM Mumbai alumni network Batch
Managing Director	Bank of America	1991-93
Lead Strategist	Celeb Access Solutions Fox Star Studios, Balaji Motion Pictures	2000-02
Partner Account Manager	Microsoft	2001-03
Financial Analyst	Nomura India Pvt. Ltd.	2009-11
Associate Vice President	HSBC Bank	2007-09
Relationship Banking Head	HDFC Bank	2006-08
Head Human Resources	Star Union Dai-Ichi Life Insurance Co. Ltd.	1996-98
Business Planning Advisor	Fed Ex Express	2003-05

ITM Packages: Sector-Wise Analysis

Note the table below to get an idea of the sector-wise packages offered at ITM Business School.

Function-wise	ITM Mumbai highest salary offered – 2019	Average Package 2019	ITM Mumbai highest salary offered – 2021	Average Package 2021
ITM Mumbai (Marketing)	17.8 L	8.5 L	22 L	8.5 L
ITM Mumbai (Finance)	14.2 L	7.6 L	14.2 L	7.6 L
ITM Mumbai (SCOM)	13.4 L	6 L	13.4 L	6 L
International Business	15 L	7.1 L	15 L	7.1 L
Retail Management and Marketing (International Perspective)	12 L	7 L	22 L	7 L
Human Resource and Management	8 L	5.6 L	8 L	5.6 L
Financial Markets	10.8 L	6.5 L	10.8 L	6.5 L

Location-wise Placements Packages at ITM

Top locations offered placements in ITM Mumbai. Still, the data for ITM Business School Mumbai location-wise Placements can only be found for different campus placement percentages.

Campus	Highest CTC	Average CTC
ITM Mumbai	22 LPA	8.5 LPA
ITM Chennai	10.2 LPA	6.8 LPA
ITM Warangal	7.8 LPA	5.2 LPA

ITM Business School Mumbai Fee Structure

The below table highlights the details of ITM Mumbai fees structure.

Course	ITM Mumbai Fees
MBA in Information Technology and Managemen	Rs. 6.5 Lakhs
MBA in International Business	Rs. 6.5 Lakhs
PGDM	Rs. 10.45 Lakhs
PGDM Finance	Rs. 10.45 Lakhs
PGDM Financial Marketing	Rs. 10.45 Lakhs
PGDM in Operations Management	Rs. 9 Lakhs
PGDM Marketing	Rs. 10.45 Lakhs
PGDM Human Resource Management	Rs. 11.20 Lakhs
PGDM International Business	Rs. 13.45 Lakhs
PGDM Retail Management and Marketing	Rs. 11.20 Lakhs
Fellowship Programme in Management	–
PGDM in Marketing Management	Rs. 9 Lakhs
Executive PGDM	Rs. 4 lacs per annum
PGDM Digital Marketing and Transformation	Rs. 10.45 Lakhs
PGDM Operations and Supply Chain Management	Rs. 10.45 Lakhs

☛ The candidates must check all the details for MAT Eligibility, including the number of attempts, age limit, working experience, and more.

ITM Business School Mumbai: Hostel Fees

The hostel of ITM Mumbai is well-equipped with all facilities and amenities and provides conformable and safe stays. The fee structure of the hostel is

Hostel Type	Fee Structure
Female Hostel	Rs. 3.25 Lac – Rs. 3.85 Lac
Male Hostel	Rs. 3.25 Lac – Rs. 3.85 Lac

Bank Loans Facilities at ITM Mumbai

Let us look at some options from which an education loan for fulfilling the ITM PGDM fees 2021:

Bank/Financier	Auxilo	Advanced	Axis Bank	Credit	Incred
Applicable Rate of Interest	11.75 – 14.5%	12.00 – 14.5%	10.75 – 14.0%	11.75 – 14.5%	10.5 – 14.5%
Maximum Loan Size with Collateral*	No Upper Limit (India) 1 Cr (Abroad)	No Upper Limit (India) No Upper Limit (Abroad)	No Upper Limit (India) No Upper Limit (Abroad)	No Upper Limit (India) No Upper Limit (Abroad)	10 Lacs (India) 75 Lacs (Abroad)
Maximum Loan Size without Collateral	20 Lacs (India) 40 Lacs (Abroad)	20 Lacs (India) 40 Lacs (Abroad)	Full Fees (India) 40 Lacs (Abroad)	5 Lacs (India) 35 Lacs (Abroad)	7.5 Lacs (India) 7.5 Lacs (Abroad)
Processing Fees	0.75 – 1.5 %	1 – 2 %	1 – 2 %	0 – 2 %	0 – 1 %
Repayment Period	7 – 15 Years	7 – 15 Years	7 – 15 Years	7 – 15 Years	7 – 15 Years

Course-wise Eligibility Criteria at ITM Business School

Note the table below to know the course-wise ITM Eligibility details.

Course	ITM Mumbai Course and eligibility
PGDM iConnect (Finance)	Qualifying exam: CAT/XAT/ CMAT/ GMAT/MAT/ATMA/MAH CET/NMAT Minimum 50% aggregate in Graduation from AIU recognized/ recognized University
PGDM iConnect (International Business)
PGDM iConnect (HRM)
PGDM iConnect (Financial Technology)
PGDM iConnect (Retail Management and Marketing)

ITM Mumbai: Courses Offered

Below is the list of courses offered by ITM Business School Mumbai, along with the total duration, course type, and seat intake.

Courses Offered	Type	Duration	Streams	Seat Intake
MBA	Full-time, Diploma, On-campus	2-years	Information Technology, Finance, Marketing, Human Resource Management, Operations Management	240
PGDM	Full-time, Diploma, On-campus	2-years	Business Analytics, Financial Management, Retail Marketing, International Business, Finance, Human Resource Management, Operations & Supply Chain Management, Digital Marketing and Transformations, Financial Markets, FINTECH	240
PGDM-Ex	ITM Mumbai part-time course, Diploma, On-campus	1-years	–	–
MBA-Ex	ITM Mumbai part-time course, Diploma, On-campus	2-years	Human Resource Management, Marketing, Operations Management, Finance, Health Care Administration	–

List of PGDM Programs offered by ITM Business School

• PGDM iConnect Marketing
• PGDM iConnect Finance & Financial Markets
• PGDM iConnect Business Analytics
• PGDM iConnect Operations and Supply Chain Management
• PGDM iConnect Digital Marketing and Transformations
• PGDM iConnect FINTECH
• PGDM iConnect International Business
• PGDM iConnect Human Resource Management
• PGDM iConnect Retail Management & Marketing (With International Perspective)

Online MBA Programs at ITM

This institute also provides online MBA programs in Distance mode for the working professional. All these courses are curated to offer a rich learning experience by qualified faculties, publishing, research, and training experience.

• Operations
• Finance
• General
• Marketing
• Corporate programs
• Human Resource

Besides, ITM Mumbai also offers Fellowship Program in Management. Below is the details for this course.

Seats: 20

• Type: ITM Mumbai certificate courses for working professionals
• Approved by: AICTE
• Eligibility: Master’s degree in any discipline with 55% marks (or grade point equivalent).
• Details: Fellowship Programme in Management (FPM) is two years – 4 semesters full-time Fellowship program approved by AICTE India.

☛ Also, Check: MBA CET Cut Off

ITM Business School Mumbai: Scholarships

ITM Mumbai provides scholarships to deserving candidates, which are deducted directly from the annual tuition fees of the student.

• The ITM first Scholarship Test – Candidates who perform well in this test are granted a 25% to 100% scholarship on tuition fees!
• ITM Business School grants a limited number of merit scholarships to those who have performed extraordinarily in their social, academic, cultural/arts, or personal achievements. The scholarships range from 10%, 25%, 50%, and 100% deduction of program fees.
• Scholarships are based on the scores achieved in the management entrance exam scores which are further used for short-listing.
• The candidates who belong to the economically weaker section are given a full or partial waiver of academic fees and other costs at the sole discretion of the Scholarship Committee.

ITM Mumbai: Admission Process

Candidates must fill out the ITM Business School Mumbai online application form first. They must submit their entrance test score by submitting their original scorecard, an attested printout of the web page showing the result, or a photocopy of the exam admit card.

• Candidates must submit original and attested photocopies of all the mark sheets and certificates. In case of work experience – relevant photocopies of experience letters, payslips, or offer letters.
• Candidates will have to pay a Demand Draft for Rs. 25000/- in favor of the “Institute for Technology and Management,” which should be payable at ITM Mumbai.
• Candidates need to submit three passport-size colored photographs along with identity proof like an Aadhaar card, Driving License, Voter ID, PAN Card, or Passport.

Components	Details
Course Name	Post-Graduate Diploma in Management
Specializations	10
Mode of Application	Online
Application Fees	INR 1500/-
Selection Criteria	Entrance Exam Score, Academic Record, Micro Presentation, PI, WAT, and Work Experience

☛ Related Link:

• CAT Answer Key
• XAT Answer Key
• MBA CET Answer Key
• CMAT Answer Key

Below are the steps of the ITM Mumbai admission process:

• Step 1 – ITM Mumbai application process is online, wherein candidates need to fill the application form available on the institute’s official website. For PGDM 2021-23 admission, students can apply by paying an application fee of Rs.1500/-.
• Step 2 – ITM Mumbai will shortlist the candidates based on MBA entrance exam score – valid CAT/XAT/CMAT/GMAT/MAT/ATMA/MAH CET/NMAT score, academics, and achievements of the candidates.
• Step 3 – No minimum cut-off has been prescribed for shortlisting.
• Step 4 – Shortlisted candidates will be invited for another selection around – the Micro Presentations Personal Interviews (MPPI) Process.
• Step 5 – Candidates who successfully clear the MPPI may be offered admission based on their overall performance in all fields in one or more programs laid out by ITM Mumbai.

Selection Process followed in ITM Business School

Shortlisting and the final selection of candidates depend on their overall academic performance in Micro presentations and Personal Interviews. ITM authority will send call and invitation letters to all the shortlisted candidates through courier/ post and email. The selection of candidates will be based on the following:

• Past educational qualification
• Entrance test score
• Extra-curricular activities, other interests, and accomplishments
• MPPI Performance
• Work experience
• Having a good percentile in the entrance test is mandatory, and it does not guarantee a final call for the admission offer or selection process.
• Candidates must submit the relevant documents after the selection round.

Infrastructure and Facilities at ITM Business School

ITM Mumbai is well-equipped with the below-mentioned amenities and facilities for students and faculty. 24/7 Wi-Fi enabled campus with multiple ISPs, which allows students to connect to the internet anytime.

• Cafeterias – The popular spot for hang-outs which are normally crowded most of the time, after the class discussions, and offer delicious foods.
• Hostels with cozy rooms, good, healthy, and tasty food provided within the in-house cafeteria, Basketball ground, well-equipped Gymnasium, and indoor games are additional facilities provided at the hostel.
• Wellness Centre for faculty and students to rejuvenate themselves through various wellness therapies. Employees can experience this retreat created by ITM Mumbai’s HR Academic Team.
• Library and Information Centre of ITM Mumbai with 38152 Books, 83 Journals, 291 Educational A/V materials, Journals back issues, Survey reports, Ph. D Thesis ProQuest, ET Intelligence, ACE Knowledge, Warc, and online journals
• Labs like Digital lab, Training and Simulation Lab, Language Lab, and Retail Lab.
• Theatrical Classrooms
• Amphitheatre, an open-air venue, consists of theatre style sitting on one side and stage towards the other used for entertainment, performances, role-play sessions and sports.
• Two Auditoriums on the ground floor, Big Audi (500 seats) and Mini Audi (150 seats), are equipped with the most modern and audio-visual facilities.

ITM Mumbai Business School: Faculty and Alumni

ITM is well known for its robust alumni network and has a renowned faculty. The faculty is experienced and responsible for educating the students, preparing them for the next level of their lives, shaping their careers, and student welfare.

The institute has 5 Ph.D. faculty and 30 faculty. Some of the prominent names are:

1. Dr. Vinod Sople, Director of Supply Chain and Marketing Management, B.E (Mech), MBA, PhD
2. Dr. Sangeeta Trott, Associate Professor of Marketing, B.Com, M.Com, MBA Net & Slet, PhD
3. Prof. Vidya Srinivas, Assistant Professor & Placement Head of Marketing & H.R, B.Com, MBA, M Phil
4. Mrs. Varsha Joshi, Faculty & Academic Coordinator of Human Resource Management & Marketing, B.A, MBA (HR)
5. Mr Prasenjit Yesambare, Assistant Professor of Finance, B.A., M.M.S.
6. Mrs. Meenakumari Srivastav, Assistant Professor of Marketing, B.sc., PDGPM
7. Mr. Rajesh Ramchandani, Assistant Professor of Finance, B.com, NCMP, CAIIB, ACMA
8. Mr. Sudipta Ganguly, Assistant Professor of Operations, B.E. PGP
9. Ms. Meeta Daryani, Assistant Professor of Human Resource Management, B.Pharm, M.B.A.
10. Prof. Sandhya Rao, Visiting Faculty of Human Resource Management, BMS, MBA, Diploma in Software Technology
11. Prof. Sameer Karna, Visiting Faculty of IT & Marketing, B.E (Electronics), PGDBM Diploma in Electronics
12. Prof. Mohan Pitchumani, Visiting Faculty of Marketing, B.Sc, M.Sc, MBA
13. Prof. Vikrant Joshi, Visiting Faculty of Marketing Communications & Business Development, B.Com, M.A., PGPCMX

Alumni Members of ITM Mumbai are

1. Bharat Parekh, Managing Director with Bank of America Merrill Lynch, ITM Mumbai
2. Kanika Mohan, Lead Strategist with Celeb Access Solutions Fox Star Studios Balaji Motion Pictures, ITM Mumbai
3. Pranabesh Sinha, Partner Account Manager, With Microsoft. ITM Mumbai