IIM Mumbai vs SPJIMR: Choosing between two top-tier MBA colleges like IIM Mumbai and SPJIMR is not an easy task, even when both institutions portray strong academic curricula and lucrative placement opportunities. Candidates must focus on nuanced differences to make the decision easy. While SPJIMR, holding the 20th rank in the NIRF 2025 ranking, offers a higher MBA average package of Rs. 32 LPA and the highest salary of Rs. 89 LPA, IIM Mumbai stands at Rs. 29.44 LPA and Rs. 54 LPA with a robust recruiter base of 180 companies. Moreover, the MBA admission fees for IIM Mumbai are 2-3 lakhs higher than those of SPJIMR Mumbai, which makes its return on investment prospects stand out when compared. Candidates are advised to keep reading this article covering placement report, MBA admission fees, selection process, and more to make an informed decision.
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Candidates who are looking for MBA admission 2026-28 must be having a dilemma of choosing between IIM Mumbai and SPJIMR Mumbai. To make the decision, candidates are advised to check the comprehensive comparison between the NITIE Mumbai and SP Jain Institute of Management and Research in terms of placements, MBA fees, and admission process.
Overview | IIM Mumbai (NITIE) | SPJIMR Mumbai |
Established Year | 1963 | 1981 |
NIRF 2025 Ranking | 6th | 20th |
Accredition | AICTE and UGC | NBA, AMBA, and AASCB |
Official Website | iimmumbai.ac.in | spjimr.org |
IIM Mumbai offers core MBA, MBA-OSCM, and MBA-SM to the candidates who are aiming for the MBA admission 2026, while SPJIMR Mumbai offers PGDM and PGPM. Candidates can check the MBA programs offered by IIM Mumbai and SPJIMR mentioned below.
MBA Colleges | MBA Programs |
IIM Mumbai | MBA |
MBA-OSCM | |
MBA-SM | |
IIFT Delhi | PGDM |
PGPM | |
PGDM BM |
SPJIMR Mumbai demonstrates strong placement outcomes as compared to IIM Mumbai, with the MBA highest package ranging around Rs. 89 LPA relative to Rs. 54 LPA at IIM Mumbai. Moreover, SPJIMR average package of Rs. 32 LPA is also more than IIM Mumbai at Rs. 29.44 LPA. Refer to the table highlighting SPJIMR vs IIM Mumbai placement report for reference.
Placement Particulars | IIM Mumbai | SPJIMR Mumbai |
Batch Strength | 446 | 336 |
Highest Package | Rs. 54 LPA | Rs. 89 LPA |
Average Package | Rs. 29.44 LPA | Rs. 32 LPA |
Average Package (Top 10%) | Top 10%: Rs. 47.29 LPA | — |
Average Package (Top 50%) | Top 50%: 33.84 LPA | — |
Median Salary | Rs. 28 LPA | Rs. 30.6 LPA |
Number of Companies | 180 | 86 |
First-time Recruiters | 67 | 27 |
Number of PPOs | 170 | 161 |
The consulting sector dominated the SPJIMR placement prospects with 37% placement offers, while it came around half for IIM Mumbai. As per sector-wise placement, Manufacturing attracted the maximum number of placement offers for IIM Mumbai, that is, 19%, followed by consulting and FMCG. Interested candidates can check more information related to SPJIMR vs IIM Mumbai sector-wise placement analysis in the table below.
Placement Sectors | IIM Mumbai | SPJIMR Mumbai |
Consulting | 18% | 37% |
FMCG | 16% | 09% |
BFSI | 10% | 17% |
Product Management | 13% | 23% |
Top Recruiters | Deloitte, Accenture, Bajaj, HSBC, Kotak, McKinsey and Company, Pine Labs, Puma, Zepto, TATA Play, PWC, EY | Aequitas, DBS, FedEx, Google, HSBC IB, Infosys Europe CSG, Kenvue, Motilal Oswal, Optum, Purplle, and Zomato |
SPJIMR Mumbai offers a lucrative return on investment of around 1.41 or 141% as compared to 1.18 or 118% offered by IIM Mumbai, based on MBA admission fees and average package for both institutions. Students can check the MBA tuition fees 2026 for IIM Mumbai and SPJIMR Mumbai in the table mentioned below for reference.
MBA Colleges | MBA Admission Fees | Return on Investment |
IIM Mumbai MBA Fees 2026 | Rs. 25 Lakhs | 1.18 or 118% |
SPJIMR MBA Admission Fees 2026 | Rs. 22.66 Lakhs | 1.41 or 141% |
The MBA admission process is quite similar for both colleges. However, SPJIMR accepts the CAT and GMAT exams for MBA admission, while IIM Mumbai considers only the CAT exam. Moreover, SPJIMR does not take group discussion, while on the other hand, IIM Mumbai assesses candidates' performance in group discussion as well. Candidates can check the table below for more details.
MBA Colleges | Accepted Exam | Selection Process | Minimum Exam Cutoff | MBA Seats |
CAT Exam | Exam, GD, and PI | ≥85 Percentile | — | |
SPJIMR Mumbai Admission Process | CAT and GMAT Exam | Exam and PI | CAT: 85 Percentile | PGDM: 240 Seats PGDM BM: 120 Seats |
GMAT: 85 Percentile |
Frequently Asked Questions (FAQs)
Candidates are required to appear for the CAT or GMAT exam, followed by a personal interview, before the final selection for SPJIMR MBA admission 2026.
Yes, IIM Mumbai accepts the CAT 2025 score for MBA admission 2026. The minimum cutoff requirement is around 85 percentile for candidates belonging to general categories.
Candidates belonging to the general category required a minimum overall CAT 2025 score of around 85 percentile and a sectional score of 75 percentile.
On Question asked by student community
Hello,
As you have mentioned that you appeared for this exam in back 2021 and now you are willing or looking for admission in the above mentioned college so if you want to check about admission through this marks than you can contact the college and let them know your
Dear student,
It is difficult to predict because you have not mentioned your Rank and without rank it will be tough to predict your chances of getting seat in Colleges.
GATE 2021 Cut-off for XE:
Highest score : 1000/ 1 000
Highest Marks : 90.33/100
Cut-off score : 37/100
But
Hi,
Hope you are doing great.
Yes, you do hold a good chance of getting a call from NITIE. Because if we see the previous year's cut-off, we get to know that the cut-off usually varies from 96-97 percentile. But for shortlisting the candidates for the GDPI process academic performance
Dear aspirant,
As you have secured 86 percentile in cat and considering your education background let me tell you that nitie is one of the top colleges and cracking that is not easy .
Considering you as a general category candidate you need atleast 95+ percentile to crack nitie. However
Dear aspirant,
As you have secured 83 percentile and considering you are from.obc category let me tell you that it's very difficult in this percentile to get a call from nitie because the cut offs are higher.
Generally, for general category atleast 97+ is needed to get a call and
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