Are you planning to pursue your MBA from NMIMS Mumbai in 2025? Understanding the total cost of the MBA program, admission process, NMAT cut-offs, and expected ROI is critical before investing your time and money. This comprehensive guide covers every detail you need to know about the NMIMS Mumbai MBA fees, including tuition fees, hostel costs, living expenses, installment breakdown, financing options, scholarships, and much more.
Let’s dive into the full picture of what it will cost to pursue an MBA from NMIMS Mumbai and whether it’s the right fit for your career goals.
Table of Contents
- MBA Fees Structure 2025
- Hostel fees, EMI & Scholarships
- Specialization-Wise MBA Fees
- ROI & Placement Returns
- NMAT vs CAT Admission Process
- Refund Policy
- Conclusion
Overview of NMIMS Mumbai MBA Fees Structure 2025
The total NMIMS Mumbai MBA fees for the 2025–27 batch is ₹25.49 lakh (for the core MBA program). This includes:
- Tuition Fees
- Development Charges
- Library & Institutional Fees
- Security Deposit
As per official data from the NMAT by GMAC brochure, here is the fee split:
| Component |
1st Year |
2nd Year |
| Tuition Fees |
₹7,00,000 |
₹7,00,000 |
| Development Fees |
₹2,30,000 |
₹2,30,000 |
| Other Fees |
₹3,39,000 |
₹3,44,000 |
| Library Fees |
₹1,000 |
– |
| Security Deposit |
₹5,000 |
– |
| Total (Per Year) |
₹12,75,000 |
₹12,74,000 |
Total NMIMS Mumbai MBA Fees (2025–27): ₹25,49,000
NMIMS Mumbai MBA Fees Installment Schedule 2025
The NMIMS Mumbai MBA fees for the 2025–27 batch are payable in installments across trimesters. The academic year is divided into three trimesters, and fees must be paid before the beginning of each term.
Installment Breakdown:
- Year 1: Paid in 3 tranches (Trimester I, II, and III)
- Year 2: Same pattern continues (Trimester IV, V, and VI)
Each installment will include a proportionate share of tuition, development, and institutional fees. Students are informed of exact payment deadlines and methods after admission confirmation via the student portal.
Pro tip: To avoid last-minute hassles, it’s best to arrange an education loan or ensure liquid funds by the time of the admission offer letter, as NMIMS Mumbai MBA fees are non-refundable after stipulated UGC timelines.
NMIMS Mumbai MBA Tuition vs Total Cost Breakdown 2025
While tuition fees comprise the core expense, NMIMS Mumbai MBA fees include various other components:
- Tuition Fee (core): ₹14 lakh (approx. for two years)
- Development and Other Charges: ₹11.49 lakh (covers IT infrastructure, library, placement, extracurriculars, admin services, etc.)
- Security Deposit: ₹5,000 (refundable)
This means nearly 45% of the total cost is allocated beyond pure academic tuition. Students should also factor in additional living expenses, books, travel, and participation in global immersion programs or electives (where applicable).
NMIMS Mumbai MBA Hostel Fees (AC vs Non‑AC) – 2025
Hostel accommodation is optional but recommended for outstation students. The NMIMS Mumbai MBA hostel fees vary based on AC/non-AC, occupancy type, and facility.
| Hostel Type |
Annual Fee (₹) |
| AC Hostel (Twin Sharing) |
₹3,00,000 + ₹10,000 deposit |
| Non-AC Hostel |
₹2,50,000 + ₹10,000 deposit |
| AC Residence Flat |
₹3,00,000 + ₹10,000 deposit |
| Non-AC Flat |
₹2,25,000 + ₹10,000 deposit |
Note: Hostel allocation is on a first-come, first-serve basis and is separate from the tuition component of the NMIMS Mumbai MBA fees.
Scholarships at NMIMS Mumbai (CAT/NMAT Candidates)
Eligible students from economically weaker sections may apply for:
- Central Sector Scholarship Scheme
- ₹2,000/month for 10 months
- Eligibility: Above 80% in Class XII, family income < ₹6 LPA, pursuing professional postgrad degree
No direct NMIMS Mumbai scholarships are currently offered by the university, but students can also explore:
- NMAT Score-Based Fee Waivers (when applicable)
- Bank scholarships for girl students or SC/ST categories
EMI Options for NMIMS Mumbai MBA Fees 2025
To make the high NMIMS Mumbai MBA fees manageable, the university has tied up with education loan providers such as:
- HDFC Credila
- SBI Scholar Loan Scheme
- Axis Bank
- ICICI Education Loans
Banks offer EMIs starting from ₹25,000/month with flexible tenures. Students must present offer letters and KYC documents during the application.
Education Loan Process for NMIMS MBA
Steps to apply for an education loan:
- Obtain your NMIMS admission letter post-selection
- Visit bank branches or online portals
- Submit documents: Aadhaar, PAN, income proof, admission letter, cost sheet
- Await approval (within 7–10 days)
Collateral may be needed for loans above ₹7.5 lakh. Interest rates vary from 8.5% to 12% depending on bank and credit history.
MBA Specialization Fees – Business Analytics vs Pharma vs Core
NMIMS Mumbai MBA fees differ by specialization:
| Specialization |
Fees (1st year fees) (Approx) |
| Core MBA |
₹12.75 lakh |
| MBA Business Analytics |
₹11 lakh |
| MBA Pharmaceutical Management |
₹8 lakh |
While Core MBA is the most expensive, specialized programs offer focused industry-aligned training and may have different placement statistics.
Want to pursue analytics? Explore Top MBA Colleges for Business Analytics in India 2025.
ROI of NMIMS Mumbai MBA in 5 Years – Is It Worth the Investment?
Let’s evaluate the return on your investment.
Placement Highlights (2023–24):
- Average CTC: ₹26.63 LPA
- Median CTC: ₹23.07 LPA
- Highest CTC: ₹67.80 LPA
With a total fee of ₹25.49 lakh and an average package near ₹26 lakh, you can recover the NMIMS Mumbai MBA fees in under 2 years, assuming steady post-MBA income.
For specialization-wise salary insights, read MBA Finance Salary in India 2025 and MBA in HR Salary in India 2025.
Key ROI Insights:
- High-paying roles in consulting, FMCG, BFSI, and tech firms drive ROI
- Profiles in marketing, analytics, and finance dominate placement offers
- Scholarships and education loan EMIs further ease initial financial burden
So yes, NMIMS Mumbai offers a solid ROI—especially when compared to newer IIMs or Tier-2 institutes with similar fee structures but lower placement figures.
Explore top recruiters and ROI-rich domains in Top MBA Colleges for Consulting in India (2025).
CAT vs NMAT – Admission Eligibility at NMIMS Mumbai
CAT Not Accepted
Contrary to popular belief, NMIMS Mumbai does NOT accept CAT scores for any of its flagship MBA programs. The only valid exam is NMAT by GMAC, with separate registration for NMIMS during the NMAT process.
NMAT Cut-Offs for 2025 (Expected):
| Program |
NMAT Score Range |
| Core MBA |
235 – 245 |
| MBA HR |
220 – 230 |
| MBA Business Analytics |
215 – 225 |
To be eligible, candidates must meet overall and sectional cut-offs, followed by shortlisting for the next admission rounds. CAT aspirants must take the NMAT separately if they aim to join NMIMS Mumbai.
Still confused between CAT and NMAT? See CAT Score vs Percentile 2025: Detailed Comparison.
Want to crack CAT instead? Here's your 6-month CAT 2025 strategy.
NMIMS MBA Selection Criteria 2025
Once a candidate qualifies the NMAT score threshold, the following parameters are considered for final selection:
- NMAT Score (Quant, Language, Logic – sectional cut-offs apply)
- Academic Record (10th, 12th, Graduation)
- CDPI Process: Case Discussion + Personal Interview
- Psychometric Test/Written Ability Test (for select programs)
- Work Experience (not mandatory, but adds weight)
Only candidates meeting these multi-stage benchmarks are offered final admission, after which they are expected to confirm their seat and pay the NMIMS Mumbai MBA fees as per schedule.
Compare NMIMS criteria with How to Get Into IIM Ahmedabad.
Can I Get Into NMIMS with 85 Percentile in CAT?
Unfortunately, no. While an 85 percentile in CAT might make you eligible for some Tier-1 B-schools, it holds no value for NMIMS Mumbai, which strictly considers NMAT scores only.
If you're a CAT aspirant interested in NMIMS, register for NMAT separately and prepare accordingly.
Check top CAT-accepting colleges in Top 50 MBA Colleges in India 2025.
NMIMS Refund Policy & Caution Money – 2025 Admission Rules
The refund and withdrawal policy at NMIMS Mumbai follows UGC Guidelines:
| Withdrawal Timing |
Refund Eligibility |
| ≥15 days before session start |
100% refund |
| <15 days before session |
90% refund |
| Up to 15 days after session starts |
80% refund |
| Up to 30 days after |
50% refund |
| After 30 days |
No refund |
Note: Refund excludes ₹5,000 processing fee.
The security deposit of ₹5,000 is refundable after completion of the program, assuming no dues or damages.
Can I Apply to NMIMS Mumbai via CAT?
No, you cannot. The NMIMS Mumbai MBA admission process is completely independent of CAT. Here's the correct application process:
- Register for NMAT by GMAC at mba.com
- Apply separately to NMIMS at nmat.nmims.edu
- Appear for NMAT (score valid for 1 year)
- Wait for shortlist based on NMAT cut-off
- Attend CDPI round
- Receive final offer and pay NMIMS Mumbai MBA fees
Conclusion
NMIMS Mumbai offers a well-structured MBA program with strong placement returns, but the investment of ₹25+ lakh requires strategic planning. With no CAT score acceptance, aspirants must focus on NMAT and prepare for a competitive selection process. For those seeking a Mumbai-based, industry-integrated MBA with solid ROI, NMIMS Mumbai is a reliable choice—provided you're financially and academically prepared.
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