What it costs
The programme fee for IIM Mumbai's Blended MBA–BPGP is ₹15,00,000 including all applicable taxes on the annual instalment plan (₹16,00,000 on the module-wise plan). With the programme page citing 1,200+ hours of interactive learning, that works out to at most about ₹1,250 per learning hour. Education-loan options from leading banks are available.
What it asks of your time
The format is blended: live online classes plus two campus immersion programmes over two years. Because you keep working, you avoid the income loss that comes with full-time programmes. The page says classes run on Fridays, Saturdays and Sundays and that attendance at both one-week campus immersions is mandatory; it does not publish weekly hours, so ask for a sample timetable and test it against your own calendar.
A simple payback framework
Payback is a personal calculation, so use your own numbers instead of anyone's averages.
- Step 1 — Is an MBA a gate? Check whether the roles you want ask for one. If they do, the case is stronger.
- Step 2 — Estimate the uplift. What yearly pre-tax income gain would the roles you are targeting realistically bring, over and above your current path?
- Step 3 — Divide. Simple payback in years = total outlay ÷ yearly uplift.
- Step 4 — Add the non-financial side. Network, credential and subject depth count, but weigh them separately from the arithmetic.
| Illustration only — yearly uplift | Simple payback on ₹15 lakh |
|---|---|
| ₹3 lakh | 5 years |
| ₹5 lakh | 3 years |
| ₹7.5 lakh | 2 years |
These figures are an illustration of the arithmetic, not a forecast. Neither the programme page nor this article promises any income outcome.
How the options compare on outlay
| Option | Outlay | Time | Credential |
|---|---|---|---|
| IIM Mumbai Executive MBA (MBA–BPGP) | ₹15,00,000 including taxes | 2 years | MBA–BPGP programme certificate |
| IIM Mumbai Advanced Project Management & Analytics | ₹2,20,000 + GST (about ₹2.6 lakh at 18% GST) | 7 months | Certificate of Completion |
| IIM Nagpur Blended MBA | ₹12,10,000 + GST (about ₹14.28 lakh at 18% GST) | 2 years | MBA degree (UGC-DEB) |
When a shorter route is smarter
If your gap is a specific capability rather than a missing degree, a focused programme may deliver the benefit at a fraction of the cost. IIM Mumbai's Project Management & Analytics certificate is one example, and our MBA vs certificate guide helps you decide. For other IIM Mumbai options, see the executive programmes overview.
To compare MBA routes directly, read IIM Mumbai vs IIM Nagpur and the full programme guide.
Explore the programme
Blended Post Graduate Program in Management – MBA (MBA–BPGP), IIM Mumbai.
Frequently Asked Questions
How much is the IIM Mumbai Executive MBA fee?
₹15,00,000 including all applicable taxes. Education-loan options from leading banks are available.
Does the fee include campus travel and stay?
No. The programme page states that travel, lodging and boarding for the campus immersions are borne by participants.
How do I calculate payback?
Divide the total outlay by the yearly pre-tax income gain you realistically expect. For example, ₹15 lakh divided by ₹5 lakh a year is 3 years — an illustration, not a prediction.
Is there a cheaper IIM Mumbai option?
IIM Mumbai's Advanced Project Management & Analytics certificate is ₹2,20,000 + GST for 7 months. It is a certificate rather than an MBA, so the two serve different goals.
Can I keep working during the programme?
Yes. It is a blended programme with live online classes and two campus immersions, designed for working professionals.