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The Indian Institute of Management Mumbai (IIM Mumbai or IIM-M), formerly known as the National Institute for Training in Industrial Engineering (NITIE Mumbai) is a reputed graduate
business school A business school is a higher education institution or professional school that teaches courses leading to degrees in business administration or management. A business school may also be referred to as school of management, management school, s ...
under the
Ministry of Education (India) The Ministry of Education (MoE) is a ministry of the Government of India, responsible for the implementation of the National Policy on Education. The ministry, headed by Sanya Shresth, is further divided into two departments: the Department ...
,
Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...
located in
Powai Powai (Pronunciation: əʋəiː is a residential suburb located in central Mumbai, Maharashtra, India. It is situated on the banks of Powai Lake, and is bound by the hills of Vikhroli Parksite to the south-east, Chandivali to the south-west ...
near Vihar Lake in
Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
,
Maharashtra Maharashtra () is a state in the western peninsular region of India occupying a substantial portion of the Deccan Plateau. It is bordered by the Arabian Sea to the west, the Indian states of Karnataka and Goa to the south, Telangana to th ...
and is ranked 6th among B-Schools of
India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
as per NIRF 2024 rankings.


History

The National Institute for Training in Industrial Engineering, later the National Institute of Industrial Engineering (NITIE), now Indian Institute of Management Mumbai (IIM Mumbai) was established by the Government of India in 1963 with the assistance of
United Nations Development Programme The United Nations Development Programme (UNDP) is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. The UNDP emphasizes on developing local capacity towar ...
(UNDP) through the
International Labour Organization The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social and economic justice by setting international labour standards. Founded in October 1919 under the League of Nations, it is one of the firs ...
(ILO) to create skilled professionals. It was funded by the
Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...
and registered as a society under the Societies Registration Act, 1860.


Conversion to IIM

Noted
industrialist A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...
Anand Mahindra Anand Gopal Mahindra (born 1 May 1955) is an Indian billionaire businessman, and the chairman of Mahindra Group, a Mumbai-based business conglomerate. The group operates in aerospace, agribusiness, aftermarket, automotive, components, construc ...
and HDFC chairman
Deepak Parekh Deepak Parekh (born 18 October 1944) is an Indian businessman and the former chairman of Housing Development Finance Corporation, India's leading housing private development finance institution. It is based in Mumbai. Education Parekh comple ...
had suggested, in 2007, the change in name of NITIE to an IIM, Mumbai. The then Prime Minister Dr Manmohan Singh had promised to look into the issue. For several years no step was taken in this direction, but recently, on 31 January 2022, the
Ministry of Education (India) The Ministry of Education (MoE) is a ministry of the Government of India, responsible for the implementation of the National Policy on Education. The ministry, headed by Sanya Shresth, is further divided into two departments: the Department ...
has constituted a committee of experts to deliberate on the feasibility of bringing the National Institute of Industrial Engineering (NITIE) Mumbai under IIM Act, 2017. The list of experts includes Shri Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange & Chancellor
University of Allahabad The University of Allahabad is a Central university (India), Central University located in Prayagraj, Uttar Pradesh. It was established on 23 September 1887 by an act of Parliament and is recognised as an Institute of National Importance (INI). ...
, Prof. Pawan Kumar Singh, Director, IIM Tiruchirappalli, Prof. Pramod Kumar Jain, Director, IIT BHU, Prof. Subhasis Choudhuri, Director,
IIT Bombay The Indian Institute of Technology Bombay (IIT- Bombay or IIT-B) is a Public university, public research university and Institute of technology, technical institute in Powai, Mumbai, Maharashtra, India. IIT Bombay is mainly known for the hig ...
, Shri Pradeep Goyal, CMD, M/s Pradeep Metals. A significant milestone was achieved by NITIE Mumbai on 12 July 2023 when the Union Cabinet approved the amendment in the IIM Act, designating NITIE Mumbai as the 21st IIM and renaming it as IIM Mumbai. On July 28, 2023, The Indian Institutes of Management (Amendment) Bill, 2023 was introduced in
Lok Sabha The Lok Sabha, also known as the House of the People, is the lower house of Parliament of India which is Bicameralism, bicameral, where the upper house is Rajya Sabha. Member of Parliament, Lok Sabha, Members of the Lok Sabha are elected by a ...
by Union education minister
Dharmendra Pradhan Dharmendra Pradhan (born 26 June 1969) is an Indian politician who has served as the Minister of Education since his appointment in July 2021. He has previously held the portfolios of Minister of Skill Development and Entrepreneurship (2017– ...
. The bill (No. 109 of Year 2023) mentions that: In section 4 of the Indian Institutes of Management Act, 2017 after sub-section (1), the following sub-section shall be inserted, namely:— "(1A) On and from the date of commencement of the Indian Institutes of Management (Amendment) Act, 2023, the National Institute of Industrial Engineering, Mumbai, shall be called the ‘‘Indian Institute of Management, Mumbai’’ and all the provisions of this Act shall apply to the said Institute." The Indian Institutes of Management (Amendment) Bill, 2023 was passed by
Lok Sabha The Lok Sabha, also known as the House of the People, is the lower house of Parliament of India which is Bicameralism, bicameral, where the upper house is Rajya Sabha. Member of Parliament, Lok Sabha, Members of the Lok Sabha are elected by a ...
on Aug 4, 2023 It was also passed by
Rajya Sabha Rajya Sabha (Council of States) is the upper house of the Parliament of India and functions as the institutional representation of India’s federal units — the states and union territories.https://rajyasabha.nic.in/ It is a key component o ...
on Aug 8, 2023. After receiving the President's assent, the Bill became an Act on Aug 11, 2023.


Academics

IIM Mumbai offers post graduate diplomas in various fields of
management Management (or managing) is the administration of organizations, whether businesses, nonprofit organizations, or a Government agency, government bodies through business administration, Nonprofit studies, nonprofit management, or the political s ...
and
industrial engineering Industrial engineering (IE) is concerned with the design, improvement and installation of integrated systems of people, materials, information, equipment and energy. It draws upon specialized knowledge and skill in the mathematical, physical, an ...
. It also offers doctoral level fellowship programs. Annually, IIM Mumbai trains over 2000 professionals through its various week long Management Development Programs (MDPs) and the unit based programs (UBPs) in different areas of Industrial Engineering & Management. From the next academic year 2024, these programmes will be replaced by a General
MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...
course and two specialised MBA in ' Operations and
Supply Chain Management In commerce, supply chain management (SCM) deals with a system of procurement (purchasing raw materials/components), operations management, logistics and marketing channels, through which raw materials can be developed into finished produc ...
' and '
Sustainability Management Sustainability studies is an academic discipline that examines sustainability through an interdisciplinary lens. Programs may include instruction in sustainable development, geography, agriculture, environmental policies, ethics, ecology, landsc ...
' respectively.


Rankings

IIM Mumbai is ranked 6th among management schools in India by the
National Institutional Ranking Framework National Institutional Ranking Framework (NIRF) is a ranking methodology released annually by the Ministry of Education, Government of India, to rank institutions of higher education in India. The framework was approved by the former Ministr ...
(NIRF) in 2024.


Placements


Final Placements


2022

The highest package stood at INR 49 LPA with the average package of the top 10% of the batch with 45.37 LPA and top 20% of the batch with INR 38.59 LPA. The average package for the whole batch stood at INR 25.4 LPA with 33% of the Batch of 2022 receiving Pre-Placement Offers (PPO).


2021

Despite the
Covid-19 Coronavirus disease 2019 (COVID-19) is a contagious disease caused by the coronavirus SARS-CoV-2. In January 2020, the disease spread worldwide, resulting in the COVID-19 pandemic. The symptoms of COVID‑19 can vary but often include fever ...
pandemic and the resulting economic downturn, IIM Mumbai recorded excellent placements for the batch of 2021. A total of 130 companies participated in the final placement season at IIM Mumbai this year. The highest package stood at INR 44 Lakhs, with the average of top 10% of the batch at INR 35.84 Lakhs, top 20% of the batch at INR 31.27 Lakhs, top 30% of the batch at INR 24.47 Lakhs and an overall batch average at INR 19.47 Lakhs per year. 28% of the batch received Pre-Placement offers (PPO) through their Summer Internships at top firms.


Summer Internships


2023

The highest stipend stood at INR 3.5 Lacs with the average package of the top 10% of the batch with 3.08 Lacs and top 20% of the batch with INR 3.03 Lacs. The average stipend for the whole batch stood at INR 1.85 Lacs with 88% of the Batch of 2023 receiving more than 1 lac.


Student life

IIM Mumbai is a student-run institute that has around 30 Committees and Forums that the students can be a part of. Around a year, these committees organize various events and programs like Sansmaran – Alumni Meet, Avartan – Flagship Business fest of IIM Mumbai, Mahamandi, Arohan, Panel discussions, Leadership talks, Social Volunteering works, etc.


References


External links

* {{DEFAULTSORT:National Institute of Industrial Engineering Business schools in Mumbai Universities and colleges established in 1963 1963 establishments in Maharashtra