Term-wise breakdown, hostel costs, scholarships and education loans
Programmes & Fees
PGDM (Post Graduate Diploma in Management)
₹22.5 L
2 years · 6 terms · residential · Intake: May
PGDM-BM (Business Management)
₹22.5 L
2 years · 6 terms · residential · Intake: May
PGPM (PG Programme in Management for Working Professionals)
~₹18-20 L
2 years · part-time · weekends · Intake: May
PGMPW (PG Management Programme for Women)
~₹16 L
18 months · residential · Intake: May
FMB (Family Managed Business)
~₹18 L
15 months · residential · Intake: May
Monthly Living
Included in fee
Loan Available
Up to ₹40 L collateral-free · ₹50 L+ with collateral
Loan Rate
8.5–10.5% (SBI, HDFC Credila, Axis, ICICI)
Scholarships & Financial Aid
SPJIMR Need-Based Financial Aid
For students from financially constrained backgrounds · means-tested · annual income < ₹6-8 L
Up to 50-75% tuition waiver
SPJIMR Merit Scholarship
Top performers across PGDM cohorts · based on academic and SPJAT/CAT performance
₹1-2 L per year
Aditya Birla Scholarship
Top performers across SPJIMR + select IIMs · merit-based
₹2.4 L per year + Aditya Birla Group exposure
OPJEMS (O.P. Jindal Scholarship)
Merit-based across top B-schools · competitive interview
₹1.8 L + networking with Jindal Group
Government SC/ST/OBC Scholarship
GoI scheme for reserved categories
Full tuition based on parental income slabs
GFT/INTEX Travel Grants
Selected students travelling for Global Fast Track or International Exchange
Partial travel + visa support
SPJIMR Mumbai PGDM Fees 2026-28 — Fee Structure, Scholarships and ROI
SPJIMR PGDM total fee for the 2026-28 batch is ₹22.5 lakh for Indian students — inclusive of tuition, basic hostel/accommodation, and security deposit. International students pay ₹31.5 L. Students who opt for the 3-week Global Fast Track (GFT) at Esade Barcelona or the 9-week International Exchange (INTEX) pay additional tuition + travel + visa costs at the partner institution.
Fee comparison with peer institutions:
Institution
Total Fee
SPJIMR
₹22.5 lakh
IIM L
₹20.75 L
MDI Gurgaon
₹26.55 L
ABC IIMs
₹26-27.5 L
SPJIMR ROI
At ₹33 LPA mean and ₹81 LPA highest in 2024, gross payback on ₹22.5 L total investment is ~8 months for a median student. With 110 PPOs from 72 companies (~46% conversion), SPJIMR effectively pre-places nearly half the batch via summer internships. For top performers in Finance who place in Investment Banking or Private Equity at ₹60+ LPA, the investment is recovered in joining bonus + first-year variable.
Specialisation Outcomes Drive ROI
SPJIMR is unique in offering deep functional specialisations rather than generalist learning. The 2024 cohort showed clear specialisation-to-placement mapping:
Specialisation
Placement Outcome
% Placed
Marketing
FMCG/FMCD brand and sales roles
67%
Finance
Consulting & IB/PE roles
54%
Information Management
Product Management/Technology roles
37%
OSCM
FMCG/FMCD/E-commerce supply chain roles
47%
This focused-specialisation approach produces higher placement-to-skill alignment than generalist MBAs.
Need-Based Financial Aid
SPJIMR offers Need-Based Financial Aid for students from financially constrained backgrounds (typically annual family income below ₹6-8 L) with up to 50-75% tuition waiver.
Major scholarships available:
Scholarship
Amount
Aditya Birla Scholarship
₹2.4 L/year
OPJEMS
₹1.8 L
Government SC/ST/OBC scholarships
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Combined with these scholarships, SPJIMR remains accessible to high-merit candidates regardless of background.