Admission Procedure for Master of Business Administration (MBA) Programme 2023-25 Batch at SJMSOM, IIT Bombay
Introduction
The Master of Business Administration (MBA) program at Shailesh J. Mehta School of Management (SJMSOM), Indian Institute of Technology Bombay (IIT Bombay), is a prestigious two-year flagship program aimed at developing well-rounded managers with an integrated understanding of all business functions. This article outlines the detailed admission procedure for the MBA program for the 2023-25 batch, covering the eligibility criteria and selection process for both domestic and international candidates.
Eligibility Criteria for Domestic Candidates
The eligibility criteria for domestic candidates seeking admission to the MBA program (2023-25 batch) at SJMSOM, IIT Bombay, are as follows:
Eligibility Criteria
| Criteria | Details |
|---|---|
| Educational Qualification | A Bachelor’s degree or a Master’s degree with at least 60% marks (55% for SC/ST/PWD candidates) or a minimum CPI of 6.5 (6 for SC/ST/PWD candidates) out of 10. The degree must involve a minimum of four years of education after completing higher secondary schooling (10+2) or equivalent. |
| Candidates in the Final Year | Applicants appearing for the final year of their degree or awaiting results can apply, provided they meet the minimum eligibility criteria. |
| Professional Qualifications | CA, CS, CFA, ICWA, or FRM professionals with a first-class Bachelor’s degree in any discipline and specific minimum marks (60% or 55% for SC/ST/PWD candidates). |
Admission/Selection Process for Domestic Candidates
The selection process for domestic candidates follows a two-phase approach, involving shortlisting for Personal Interview (PI) and final selection based on a composite score.
Phase 1: Shortlisting for PI
The shortlisting for PI is based on CAT 2022 scores, with minimum percentile cutoffs as outlined below:
| Category | Quantitative | 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 |
Composite Score for Shortlisting
The composite score for shortlisting candidates for PI is determined based on CAT 2022 scores (70%), academic profile (10%), gender diversity (10%), postgraduate/professional qualifications (5%), and work experience (5%).
Phase 2: Final Selection (Merit List Preparation)
The final selection is based on a merit list, considering CAT 2022 overall score (42.5%), Personal Interview (42.5%), and the candidate’s profile (15%), including graduation performance, work experience, and extra-curricular activities.
Eligibility Criteria for International Candidates
International candidates seeking admission to the MBA program (2023-25 batch) at SJMSOM, IIT Bombay, must meet the following eligibility criteria:
Eligibility Criteria
| Criteria | Details |
|---|---|
| Educational Qualification | A four-year Bachelor’s degree or a Master’s Degree in any discipline with first class or 60% marks in aggregate (including all years/semesters) or minimum CPI of 6.5 out of 10. |
| Professional Qualifications | CA, CS, CFA, ICWA, or FRM professionals with a first-class Bachelor’s degree in any discipline and specific minimum marks (60%). |
Conclusion
The admission procedure for the MBA program at SJMSOM, IIT Bombay, follows a comprehensive selection process based on rigorous evaluation of candidates’ academic, professional, and extracurricular backgrounds. Both domestic and international candidates undergo a detailed assessment to ensure a diverse and capable cohort for the MBA program. For further updates and details, candidates are advised to regularly check their emails and visit the institute’s official website.
Placement Highlights for the 27th Batch of MBA at SJMSOM, IIT Bombay
Introduction
The 27th batch of the Management program at Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, has achieved remarkable success with a 100% placement record. The consistent high performance of students has reaffirmed SJMSOM’s reputation as one of the premier business schools in India. This article presents an overview of the impressive placement highlights, emphasizing the achievements and statistics of this successful batch.
Overall Placement Statistics
The placement process for the 27th batch witnessed 100% placements, showcasing the students’ caliber and potential. The impressive average and median CTC further validate the success of this batch.
- Average CTC: ₹28.88 L
- Median CTC: ₹26.64 L
These statistics reflect the exceptional performance and capabilities of the students, making SJMSOM a top choice for recruiters.
Message from the Head
Prof. Mayank Pareek, Faculty Coordinator, expressed immense pleasure in announcing the 100% placements for the class of 2021-23. He acknowledged the prominent firms from various sectors that offered highly sought-after profiles to students. The hybrid mode of the placement exercise provided diverse opportunities for students in the corporate world, highlighting their knowledge and domain-specific skills.
Sector-Wise Highlights
The students from the 27th batch secured offers in various sectors, including BFSI, Consulting, IT/E-commerce, FMCG/FMCD, and Conglomerates. The sectors witnessed prestigious roles offered by esteemed recruiters, reflecting the students’ expertise and potential.
BFSI (Banking, Financial Services, and Insurance)
The BFSI sector saw students securing roles in Credit Analysis, Digital Business, Financial and Capital Reporting, Investment Banking, Product Management, and Treasury, among others. Prominent recruiters in this sector included DBS Bank, Edelweiss Alternative Asset Advisors, ICICI Bank, JP Morgan Chase & Co., and Yes Bank.
- Average CTC: ₹29.09 L
Consulting
Consulting firms like Accenture Strategy, Deloitte USI, GEP, IBM Consulting, and PwC US Advisory offered highly sought-after profiles in Business Transformation Consulting, Data Analytics, Management Consulting, and Strategy Consulting, among others.
- Average CTC: ₹28.88 L
FMCG/FMCD (Fast Moving Consumer Goods/Fast Moving Consumer Durables)
FMCG and FMCD giants such as Asian Paints, Colgate Palmolive, HUL, ITC, Marico, P&G, Reckitt, and Tata Consumers Products Ltd. offered coveted roles in various domains like Digital & Technology, IT, Operations, Sales & Marketing, and Supply Chain Management.
- Average CTC: ₹28.54 L
Conglomerates & Others
Conglomerates like ABFRL, Adani Group, Cargill, and Reliance Industries Ltd. offered roles in Operations, Retail Planning, Strategy, and Supply Chain Planning, among others. Distinguished recruiters in this category included Games24x7, Landmark Group, PlaySimple Games, Rebel Foods, and Sun Pharma.
- Average CTC: ₹31.72 L
IT/E-commerce
The IT/E-commerce sector witnessed top recruiters like Accenture, Amazon, EXL Analytics, Google, HCLTech, and Wipro offering roles in Corporate Branding, Cybersecurity, Data Science & Analytics, and Solution Stream, among others.
- Average CTC: ₹25.63 L
Conclusion
The 27th batch of SJMSOM, IIT Bombay, showcased exceptional performance, securing 100% placements with impressive average and median CTC. The diverse roles and sectors reflect the versatility and expertise of the students. SJMSOM continues to maintain its position as a leading B-School, attracting top recruiters and offering promising career opportunities to its students.
For more information and updates, visit the official website of Shailesh J. Mehta School of Management, IIT Bombay.
Understanding the MBA Programme Academic Fees at IIT Bombay
Pursuing a Master of Business Administration (MBA) at the esteemed Indian Institute of Technology (IIT) Bombay is a significant step towards a promising career in management. However, along with the academic rigor and enriching experience, one must consider the financial aspect of this educational journey. Let’s delve into the academic fees structure for new entrants in the Autumn Semester of 2022-23, focusing on Indian nationals.
Academic Fees Breakdown
A. One-Time Payments (At the time of Admission)
- Admission Fee: ₹2,550 (₹2,550 for GN/OBC and ₹0 for SC/ST/PD)
- Graduation Transcript Fees: ₹600 (For both GN/OBC and SC/ST/PD)
- Medical Examination: ₹500 (For both GN/OBC and SC/ST/PD)
- Provisional Certificate: ₹600 (For both GN/OBC and SC/ST/PD)
- Student Welfare Fund: ₹1,150 (₹1,150 for GN/OBC and ₹0 for SC/ST/PD)
- Modernization & Upgradation: ₹2,900 (For both GN/OBC and SC/ST/PD)
- Identity Card: ₹600 (For both GN/OBC and SC/ST/PD)
Total (A): ₹8,900 (Same for both GN/OBC and SC/ST/PD)
B. Per Semester Fees
- Tuition Fee (Statutory Fees): ₹2,00,000 (For GN/OBC; ₹1,00,000 for SC/ST/PD)
- Examination Fee: ₹1,150 (For both GN/OBC and SC/ST/PD)
- Registration Fee: ₹850 (For both GN/OBC and SC/ST/PD)
- Gymkhana Fee: ₹2,000 (For both GN/OBC and SC/ST/PD)
- Student Benevolent Fund: ₹600 (For both GN/OBC and SC/ST/PD)
- Student Accident Insurance Fund (SAIF): ₹250 (For both GN/OBC and SC/ST/PD)
- Other Specified Fees: ₹1,43,350 (For both GN/OBC and SC/ST/PD)
Total (B): ₹3,48,200 (For GN/OBC) and ₹1,48,200 (For SC/ST/PD)
C. Refundable Deposits (To be paid at the time of admission)
- Institute Security Deposits: ₹3,000 (For both GN/OBC and SC/ST/PD)
- Library Security Deposits: ₹3,000 (For both GN/OBC and SC/ST/PD)
Total (C): ₹6,000 (For both GN/OBC and SC/ST/PD)
Grand Total (A+B+C)
- For GN/OBC: ₹3,63,100
- For SC/ST/PD: ₹1,63,100
Additional Notes
- Continuation Fee: Students opting for temporary withdrawal are required to pay ₹3,000 per semester.
- Fee Revisions: IIT Bombay reserves the right to revise the fee structure in subsequent semesters.
Contact for Hostel Fee Related Queries
For any inquiries regarding hostel fees, room allotment, payment/refund of hostel fees, students are advised to contact Assistant Registrar- HCU via email at arhcu@iitb.ac.in, HCU office.
The academic fees structure is an important consideration for prospective MBA students, enabling them to plan and manage their finances efficiently during their educational journey at IIT Bombay.
