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

By BYJU'S Exam Prep

Updated on: September 13th, 2023

ITM Business School Mumbai, also known as ITM Mumbai, is a flagship campus of the ITM group. It was established in 1991 by Dr. PV Ramana, and since then, it has been offering its students the best study resources and career opportunities. ITM Mumbai is an ideal MBA institute with strong technology, contemporary infrastructure, advanced teaching aids, the latest sports facilities, and contemplative learning. In this article, BYJU’S Exam Prep experts have given a detailed study of ITM Business School Mumbai, which you must be familiar with if you are interested in joining this institute to study MBA.

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.



Year of establishment


Campus size of ITM Mumbai

3 acre

Institute type


ITM Mumbai Fees Structure

Approximately Rs.10.45 lakhs

Recognized by


Accredited by


Mode of education


ITM Mumbai Packages

Rs 22 LPA (Highest)

Rs 8.5 LPA (Average)

Number of courses offered


ITM Mumbai Cut Offs

No official data is available. Meet the other eligibility details.

Official website

MBA Entrance Exams Accepted


State: MBA CET

Gender intake


Application mode


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.



Top recruiters

Deloitte, PwC, SBI, KPMG, E&Y, etc.

Highest recruiting domain


No. of companies visited


Placements percentage (2020)


☛ Related Links:

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





Digital Marketing


















Real Estate






Safety & Compliance


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:


Domain-wise Placement Percentage

Real estate




















☛ Related Links:

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

















Top Recruiting Companies at ITM Business School

Here is a list of ITM Mumbai top recruiters:

Top recruiting companies

J P Morgan


Kotak Mahindra Bank

Hindustan Unilever


City Union Bank

LG Electronics

TNS Global

Ernst & Young

Browser Stack

Farmlink Distributions Services Ltd

Tata Consultancy Solutions


Reliance Securities

ICICI Securities

L & T Finance

Novo Nordisk

ITC Hotels


Rubix Data Science






Toppr Technologies




American Express

Reckitt Benckiser

JM Financial

Colgate Palmolive Ltd



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


Lead Strategist

Celeb Access Solutions Fox Star Studios, Balaji Motion Pictures


Partner Account Manager



Financial Analyst

Nomura India Pvt. Ltd.


Associate Vice President



Relationship Banking Head



Head Human Resources

Star Union Dai-Ichi Life Insurance Co. Ltd.


Business Planning Advisor

Fed Ex Express


ITM Packages: Sector-Wise Analysis

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


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.


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.


ITM Mumbai Fees

MBA in Information Technology and Managemen

Rs. 6.5 Lakhs

MBA in International Business

Rs. 6.5 Lakhs


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:




Axis Bank



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.


ITM Mumbai Course and eligibility

PGDM iConnect (Finance)


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




Seat Intake


Full-time, Diploma, On-campus


Information Technology, Finance, Marketing, Human Resource Management, Operations Management



Full-time, Diploma, On-campus


Business Analytics, Financial Management, Retail Marketing, International Business, Finance, Human Resource Management, Operations & Supply Chain Management, Digital Marketing and Transformations, Financial Markets, FINTECH



ITM Mumbai part-time course, Diploma, On-campus



ITM Mumbai part-time course, Diploma, On-campus


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.



Course Name

Post-Graduate Diploma in Management



Mode of Application


Application Fees

INR 1500/-

Selection Criteria

Entrance Exam Score, Academic Record, Micro Presentation, PI, WAT, and Work Experience

☛ Related Link:

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,, PDGPM
  7. Mr. Rajesh Ramchandani, Assistant Professor of Finance,, 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
Our Apps Playstore
SSC and Bank
Other Exams
GradeStack Learning Pvt. Ltd.Windsor IT Park, Tower - A, 2nd Floor, Sector 125, Noida, Uttar Pradesh 201303
Home Practice Test Series Premium