IIM Mumbai, India's latest IIM, has fixed its fee structure for 2-year courses at ₹21 lakh. Notably, the Indian Institute of Mumbai, previously known as the National Institute of Industrial Engineering (NITIE), received the status in August 2023. That's when the institute was renamed IIM Mumbai, becoming India's 21st IIM.

Furthermore, IIM Mumbai will soon begin enrolling students for new MBA courses in the academic year 2024-25. With its 2-year course fees at ₹21 lakh, IIM Mumbai has become the most expensive among new-generation IIMs in India.

IIM Mumbai will be offering three courses, including an MBA (General), MBA in Sustainability and Management, and an MBA in Operations and Supply Chain Management. The fee structure for all of these courses will be the same.