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ITM Business School · Kharghar Navi Mumbai · Degree by ITM Skills University · NAAC A

ITM Business School Navi Mumbai MBA Applied AI Admissions 2026-28: Fees, iSET Scholarships & Placements

📌 Related pillar guides: MBA Admission Guide · CAT 2026 B-Schools · Management Quota Fees

The 2026-28 admissions guide to ITM Business School, Kharghar Navi Mumbai — with a deep-dive into the headline MBA Applied AI programme (MacBook on Day 1, 5-month industry internship, AI + Business integrated curriculum, ₹2 Cr iSET scholarship pool, 35+ industry certifications, ₹1 Cr seed funding access for AI startups). Verified placements at 100% record, ₹21 LPA highest, ₹8.65 LPA average, 400+ recruiters including JP Morgan, TCS, Amazon, Deloitte. Degree awarded by ITM Skills University (Maharashtra Act 10 of 2023) · FindUrCollege is an official admission partner.

Official Admission PartnerMacBook Day 15-Mo Industry Internship₹2 Cr iSET Scholarships100% Placement400+ Recruiters
College Snapshot — ITM Business School, Navi MumbaiMBA 2026
🎓 ProgrammeMBA Applied AI · 2 yrs · full-time (2026-28 launch batch)📝 AdmissioniSET (in-house) · CAT/XAT/NMAT/CMAT/MAT/ATMA/CUET/State CETs incl. MAH-MBA CET · PI + optional case · ₹1,500 form💰 FeesMBA Applied AI total ₹13,95,000 (Yr1 ₹6,95,000 · Yr2 ₹6,75,000 incl. ₹25k SRF) · MacBook bundled · MBA iConnect ₹13,45,000🎯 CutoffVerify with college (eligibility: min 50% UG; 60% across 10th/12th/grad for iSET scholarship)🏆 Placements100% placement · highest ₹21 LPA · avg ₹8.65 LPA · 400+ recruiters incl. JP Morgan, TCS, Amazon, Deloitte, EY, HDFC📚 Specialisations10 specialisations (Marketing, IB, HR, Ops/SCM, Finance, FinTech, Fin Services, Digital Mktg, Business Analytics, Retail/E-Com) + Applied AI · MacBook Day 1 · 5-mo paid internship · 35+ certs · ₹2 Cr iSET pool (155 awards)✅ RankingDegree by ITM Skills University (UGC, Maharashtra Act 10/2023, AIU) · ITM B-School AICTE-approved · NAAC 'A' · NIRF Mgmt 101-125 · Times #43 · Outlook-ICARE #45
Indicative snapshot — always confirm current fees, cutoffs & dates with the college / official source. Updated June 2026.
ITM Business School official logo with ITM Skills University

Kharghar, Navi Mumbai · Official Admission Partner

MBA Applied AI — The MBA Built For The AI Era

2026-28 cohort · Degree awarded by ITM Skills University (Maharashtra Act 10 of 2023). MacBook on Day 1 · 5-month paid industry internship · 35+ industry certifications · AI + Business integrated curriculum · up to ₹1 Cr seed-funding access for AI startup ideas.

₹13.95 L Total 100% Placement 400+ Recruiters iSET Scholarship
Priority Counselling →
ITM Business School Navi Mumbai MBA Applied AI 2026 marketing poster — The MBA Built For The AI Era headline with robot hand reaching from a coded laptop screen, ITM Business School and ITM Skills University branding, AppliedAI bullets including 5-Month Industry Internship, MacBook On Day 1, 35+ Industry Certifications and AI + Business Curriculum
ITM Business School · Kharghar Campus · Admissions Open AY 2026-28

By , Founder & Lead Counsellor — 12+ yrs in MBA, B.Tech & allied admissions · Reviewed by Tushar Singh, MBA Admissions Lead ·

Sourcing: figures follow official/institute disclosures (year-labeled) — verify current-year details on the official source before payment.

Quick Answer Yes. ITM Business School, Kharghar Navi Mumbai (established 1991) is an AICTE-approved management institution. Its MBA degree is awarded by ITM Skills University, Navi Mumbai — a UGC-recognised Private Skills University set up under the ITM Skills University, Navi Mumbai Act, 2022 (Maharashtra Act No. 10 of 2023). The new MBA Applied AI programme for the 2026-28 cohort runs at ₹13.95 lakh total tuition, with a MacBook provided on Day 1 and a ₹2 crore iSET scholarship pool. FindUrCollege is an official admission partner for ITM Navi Mumbai.

ITM Navi Mumbai — Key Facts (2026)

ITM Business School at Kharghar, Navi Mumbai is the flagship MBA campus of the ITM Group of Institutions — a 34-year-young education trust with 20,000+ current students, a 2-lakh-strong global alumni network and 15 modern campuses across India. The Navi Mumbai campus has run an AICTE-approved PGDM since 1991; from 2024 onwards, the MBA degree is awarded by ITM Skills University, the trust’s newer UGC-approved degree-granting body.

Key DetailInformation
Operating institutionITM Business School (established 1991) · ITM Group of Institutions
Degree-awarding bodyITM Skills University, Navi Mumbai — UGC-recognised Private Skills University under Maharashtra Act No. 10 of 2023 (The ITM Skills University, Navi Mumbai Act, 2022)
Campus addressPlot 25 & 26, Institutional Area, Sector 4, Kharghar, Navi Mumbai – 410210, Maharashtra
Group footprint20,000+ current students · 2 lakh+ alumni · 15 modern campuses across India
LeadershipCEO & Trustee: Mr. Nitin Putcha (Fox School of Business, Temple University) · Pro Vice Chancellor, ITM Skills University: Dr. Lakshmi Mohan (Ph.D, MMM, PGDHRM, PGDEdM, MA Eng Lit)
Accreditation & rankingsNAAC ‘A’ Grade · NIRF 2025 Management Band 101–125 · Times B-Schools Ranking 2025: #43 · Outlook-ICARE 2024: #45 (Private MBA)
Flagship MBA programmesMBA Applied AI (new 2026 launch) · MBA iConnect (2-year, 10 specialisations) · BBA iConnect (UG, separate fee schedule)
MBA Applied AI fee (total)₹13,95,000 — Year 1 ₹6,95,000 · Year 2 ₹6,75,000 · Seat Reservation Fee ₹25,000 (part of Year 1)
Universal benefitsMacBook on Day 1 · uniforms · medical insurance · co-curricular activities · educational resources included in fee
iSET Scholarship pool₹2 Cr total across 155 awards: 10 full (100%) · 15 fifty-per-cent · 30 twenty-five-per-cent · 100 ten-per-cent
Placements (latest batch)100% placement record · Highest ₹21 LPA · Average ₹8.65 LPA · 400+ recruiters (JP Morgan, TCS, Amazon, Deloitte, JP Morgan, Kotak Mahindra, ICICI Securities, HDFC Bank, Flipkart, EY, LG, Voltas)
Entrance routesiSET (ITM’s own) · CAT · XAT · NMAT · CMAT · MAT · ATMA · CUET · State CETs (incl. MAH-MBA CET)
Admissions contactMrs. Aashna Dalvi · +91 77386 94008 · aashnad@itm.edu · Shared inbox applicant.support@itm.edu · FindUrCollege WhatsApp +91-91126-50438 (official admission partner)

ITM Group vs ITM Business School vs ITM Skills University — Untangling the Three Names

Search for “ITM Navi Mumbai” and you will see three names used almost interchangeably. They are related but legally distinct — understanding the difference matters because your degree certificate will name a specific entity.

  • ITM Group of Institutions: The parent group, run by the ITM Trust. 34-year-young education trust with 15 modern campuses across India (Mumbai, Navi Mumbai, Raipur, Vadodara and more), 20,000+ current students and a 2 lakh+ alumni network. Tagline: Education That Promises To Transform.
  • ITM Business School, Kharghar Navi Mumbai: The MBA-focused operating institution on the Kharghar campus. Founded 1991; for 30+ years it ran the AICTE-approved PGDM iConnect. This is the campus you visit, where classes happen and the placement cell sits.
  • ITM Skills University, Navi Mumbai: The new UGC-recognised Private Skills University, set up under Maharashtra Act No. 10 of 2023 (The ITM Skills University, Navi Mumbai Act, 2022). From 2024 onwards, this is the entity that awards the MBA degree to ITM Business School students — including MBA Applied AI. So while the operational learning experience continues at the ITM Business School Kharghar campus, the degree-granting body on the certificate is ITM Skills University.

If a recruiter or counsellor asks “is your MBA an AICTE PGDM or a university MBA?” — for the 2026-28 cohort onwards, the correct answer is MBA awarded by ITM Skills University, which is recognised by the UGC and a member of the Association of Indian Universities (AIU).

MBA Applied AI — The Headline Programme for 2026-28

MBA Applied AI is the newest specialisation in the ITM Business School line-up — an explicit response to the AI-driven re-shaping of the job market for management graduates. The pitch is simple: build the management toolkit and the AI toolkit at the same time, in a single 2-year residential MBA. The 2026-28 cohort is the launch batch.

The Eight Pillars of MBA Applied AI at ITM

PillarWhat It Means In Practice
MacBook on Day 1Every admitted student receives a MacBook at the start of the programme; the cost is bundled into the ₹13.95 L total fee. You walk in on Day 1 with the development environment ready to go.
5-Month Industry InternshipA full-time, paid internship of 5 months built into the academic calendar. Many internships convert into Pre-Placement Offers (PPOs) before the final semester begins.
AI + Business Integrated CurriculumCoursework deliberately mixes machine learning fundamentals + GenAI tooling with classical MBA pillars (Marketing, Finance, Operations, Strategy). The goal is “day-one ready” for AI Product, Business Analytics, Digital Transformation and AI Consulting roles.
35+ Industry CertificationsStacked certifications (cloud, AI tooling, analytics platforms, fin-tech) earned during the programme — verified credentials students can list on the CV before graduation.
Real AI Systems & WorkflowsLive capstone projects on real industry problem statements, not just classroom case studies. Output is shipped systems, not slide decks.
Dedicated Industry Mentorship1:1 mentor allocation from the 400+ company recruiter network; mentors help shape the internship choice and final-placement strategy.
Startup Incubation SupportBuilt-in incubator with access to up to ₹1 crore in seed funding for AI startup ideas — relevant for students who want to start an AI venture in or right after the MBA.
400+ Hiring CompaniesThe MBA Applied AI track shares the broader ITM Business School recruiter network — with the same 400+ recruiter footprint, including JP Morgan, TCS, Amazon, Deloitte and others.

Career Paths Out of MBA Applied AI

The programme is targeted at four distinct early-career tracks:

  • AI Product Roles: Product management at AI-native companies and AI product lines inside larger firms — building the bridge between data-science teams and customer-facing strategy.
  • Business Analytics: Senior analytics and decision-science roles at BFSI, consulting and consumer-tech employers — using the integrated AI + business toolkit to drive revenue and cost decisions.
  • Digital Transformation: Strategy and execution roles inside large enterprises moving operations onto AI / cloud infrastructure — particularly active in Indian manufacturing, banking and retail.
  • AI Consulting: Boutique consulting + Big-4 advisory practice areas focused on AI strategy, governance and implementation.

MBA Applied AI — Year-by-Year Curriculum Architecture

The two-year MBA Applied AI is structured around a deliberate sequencing principle: fundamentals first, then specialisation, then real-world application. The Year-1 core layer ensures every student — commerce, engineering, arts or science graduate — lands on the same foundational floor before the AI-specific stack starts to compound. The Year-2 expert layer then stacks AI tooling, leadership content and a five-month industry project on top.

Year 1 — Core MBA + AI Foundations

The first year covers the universal MBA core (Marketing Principles, Financial Accounting, Managerial Economics, Organisational Behaviour, Quantitative Methods, Operations Management) alongside the AI foundations stack (Data Wrangling, Python for Business, Statistics for Decisions, Machine Learning Fundamentals, Generative AI Toolkit). Soft-skill and communication labs run in parallel to the academic core throughout Term 1 and Term 2. Term 3 is the integration term, where students take their first AI + Business capstone — typically a 6-week sprint on a sponsor-company brief.

Year 2 — Specialisation, Industry Project, Capstones

Year 2 begins with the formal MBA Applied AI specialisation electives: AI Product Management, AI Strategy & Governance, Applied Deep Learning for Business, Conversational & Multimodal AI, Cloud AI Platforms, Data-Driven Marketing, AI in Financial Services, AI Ethics & Responsible Deployment. The five-month full-time industry internship runs from January through May of Year 2 — mentored by both a faculty supervisor and an industry sponsor — and is treated as the third capstone of the programme. The final term wraps with a placement-ready portfolio review where every student presents shipped AI work to a panel of industry advisors.

The 35+ Industry Certifications Stack

Built into the academic calendar are more than 35 industry certifications across four families: cloud AI platforms (AWS / Azure / GCP foundational and ML services), analytics & BI (Tableau, Power BI, Looker), foundational AI tooling (PyTorch, scikit-learn, Hugging Face, LangChain) and business-skills certifications (Lean Six Sigma, Agile / Scrum, Project Management). Students do not chase certifications outside class hours — the calendar reserves dedicated “certification weeks” per term so the credentials accrete during the programme rather than after it.

Capstones — Three Industry Projects, Not One

Most Indian MBA programmes run a single capstone or final project. The MBA Applied AI structure runs three capstone moments: a Term-3 AI + Business sprint at the end of Year 1, the five-month industry internship in Year 2 (the largest and most weighted), and a final portfolio review in the closing term that aggregates the student’s shipped output into a recruiter-facing artefact.

All 10 MBA Specialisations at ITM Business School Navi Mumbai

Beyond MBA Applied AI, ITM Business School runs ten established MBA specialisations under the broader MBA iConnect umbrella (the institution’s 2-year experiential MBA framework). The specialisations split into Mainstream and New-Age tracks.

StreamSpecialisation
Mainstream SpecialisationsMarketing Management
International Business (with mandatory Global Immersion Programme)
Human Resource Management
Operations and Supply Chain Management
Finance
New-Age SpecialisationsFinancial Services
Financial Technologies (FinTech)
Digital Marketing and Media Management
Business Analytics
Retail Management and E-Commerce

What is MBA iConnect? A 2-year, full-time MBA framework built around industry integration. Across all specialisations, the programme stacks 35+ professional certifications, a 5-month paid internship, global immersion programmes, a start-up incubator with seed fund and 300+ hours of soft-skills training on top of the core MBA curriculum.

ITM Business School MBA Applied AI Admissions Open 2026 banner — An MBA That Actually Prepares You For The Future headline, four-pillar callouts (Learn AI Business & Leadership, Real Industry Projects, Placement Assistance, Startup & Career Opportunities) and graduating student walking through campus archway
ITM Business School MBA Applied AI Admissions Open 2026 · image from ITM’s official Admissions Open 2026 collateral.

ITM Rankings & Accreditation (2024-2026)

For an MBA-only campus operating since 1991, ITM Business School Navi Mumbai has built a credible third-party ranking profile across the major Indian B-School lists.

📌 In one line: official closing data — year/category labeled; verify the current round on the official portal.

BodyResult
NAAC‘A’ Grade Accredited
NIRF 2025 — ManagementBand 101–125
Times B-Schools Ranking 2025Rank #43 across India
Outlook-ICARE 2024Rank #45 — Private MBA category
AICTEApproved — ITM Business School (PGDM legacy + current MBA operations)
UGCRecognised through ITM Skills University, the degree-awarding body
AIUITM Skills University is a member of the Association of Indian Universities

The Kharghar Campus & Navi Mumbai Advantage

ITM Business School’s Kharghar campus sits inside Sector 4, Institutional Area — a planned academic precinct in Navi Mumbai surrounded by the Sion-Panvel Expressway, the Mumbai Metro Line 1 extension and the under-construction Navi Mumbai International Airport. The choice of location is intentional: proximity to Mumbai’s BFSI core (Lower Parel, Bandra-Kurla Complex), the Pune-Mumbai industrial corridor, and the emerging Navi Mumbai data-centre / fin-tech hub. For an MBA cohort that needs to commute to internships, attend industry events and meet recruiters, the location does most of the work.

Connectivity & Daily Commute

  • Kharghar Railway Station: ~3 km from campus — direct Harbour Line connectivity to CSMT (~75 min) and Panvel (~10 min) for Pune-Mumbai Expressway access.
  • Mumbai Metro Line 1 extension: Phased rollout connects Kharghar to Pune-Mumbai corridor employers; reduces door-to-door commute for internship rotations.
  • Sion-Panvel Expressway: Direct access to BKC, Lower Parel, Andheri (East), Vikhroli — the entire Mumbai BFSI + corporate corridor sits within a 60-90 minute cab ride.
  • Pune-Mumbai Expressway: Sub-3-hour drive to Pune (Hinjewadi, Magarpatta, Kharadi IT belt) opens up a second recruiter pool for ITM students.
  • Navi Mumbai International Airport (under construction): Once operational, drops a major aviation hub within 15 km of campus.

Campus Infrastructure

The Kharghar campus is a purpose-built academic block with classroom auditoria, dedicated AI / analytics labs (provisioned for the MBA Applied AI cohort), a finance lab simulating Bloomberg-style market terminals, a moot-court / board-room facility for case-method coursework, a sports-and-fitness wing, a campus cafeteria and a central library. Students get full Wi-Fi coverage across blocks plus 24x7 reading-room access during exam terms.

The Mumbai MBA Advantage

Mumbai remains India’s headquarters market for BFSI, consulting and consumer goods — the three sectors that hire the most MBA talent. Navi Mumbai sits at the centre of that geography while keeping cost-of-living and rentals materially lower than central Mumbai or Bandra-Kurla. For students who want Mumbai-grade recruiter access without Mumbai-grade rent, the Navi Mumbai MBA market is strategically positioned. ITM Business School is one of the longest-running operators in that market with over three decades of recruiter relationships.

iSET Scholarship Test — The ₹2 Crore Pool

ITM’s headline scholarship instrument is its own iSET entrance — a structured aptitude test (Aptitude + Logical Reasoning + Verbal Skills + Data Interpretation). Over 2,000 students sit iSET each year. The total scholarship pool across all categories is approximately ₹2 crore.

📌 In one line: scholarship slabs — verify eligibility & continuation terms in the official policy.

Scholarship SlabNumber of Awards
100% Tuition Fee Waiver10 awards
50% Tuition Fee Waiver15 awards
25% Tuition Fee Waiver30 awards
10% Tuition Fee Waiver100 awards

Eligibility for scholarship consideration: Minimum 60% aggregate in 10th, 12th and undergraduate studies. Students currently in the first or second year of UG with overall 60% are also eligible to apply. Awarded scholarships apply to Year 1 only; renewal in Year 2 follows the academic performance and Scholarship Committee criteria.

How to register: Register for iSET through the ITM admissions portal at mbaadmissions.itm.edu/mba. The merit list is published one week after the test is successfully completed. FindUrCollege is an official admission partner — WhatsApp us at +91-91126-50438 for priority counselling on iSET dates, attempt strategy and Year-1 confirmation.

Fee Structure 2026-28 — MBA Applied AI, MBA General & Add-Ons

All amounts below are taken directly from ITM’s official AY 2026-28 fee schedule PDFs. The Seat Reservation Fee (SRF) is a mandatory first instalment that confirms your seat and is counted as part of Year-1 tuition.

MBA Applied AI — Tuition Schedule

📌 In one line: fee structure — confirm the current-year official circular before payment.

Fee ComponentYear 1 (AY 2026-27)Year 2 (AY 2027-28)Total
Seat Reservation Fee (SRF)₹25,000 (one-time, part of Year-1 tuition)
Year Tuition Fees₹6,95,000₹6,75,000₹13,95,000

The total programme fee includes prescribed educational resources, uniforms, co-curricular activities, medical insurance and the MacBook provided on Day 1.

MBA iConnect (General Specialisations) — Tuition Schedule

📌 In one line: fee structure — confirm the current-year official circular before payment.

Fee ComponentYear 1Year 2Total
Program Fee (Part 1 — SRF)₹25,000
Program Fee (Part 2)₹6,45,000₹6,75,000
Year Fee₹6,70,000₹6,75,000₹13,45,000

Payment Timeline

  • Program Fee Part 1: Immediately on receiving the Provisional Offer Letter.
  • Program Fee Part 2: Within 30 days of receiving the Confirmed Offer Letter.
  • Year 2 Tuition: On or before 15 March 2027.
  • Late fee of ₹5,000 applies after the due date; non-payment forfeits the seat to the waitlist.
  • Demand Draft / Cheque payable to: “Institute for Technology and Management Trust”.

Global Immersion Programme (GIP)

An optional global module is available across all specialisations; for MBA International Business it is mandatory.

📌 In one line: fee structure — confirm the current-year official circular before payment.

DestinationIndicative FeeStatus
Mandatory GIP — MBA International Business₹3,50,000 (paid alongside programme fee)Mandatory for MBA-IB cohort
Dubai (all inclusive)₹88,000Optional — all other specialisations
Singapore (indicative)~₹1,10,000Optional — all other specialisations

For optional GIPs, international + local travel, visa fees and meals are borne separately by the student.

Hostel & Mess (Optional)

ITM operates deluxe hostel accommodation less than a kilometre from the campus, with twin-sharing rooms, housekeeping, cafeteria, electronic security, power backup, gym and Internet. Bus service runs between hostel and campus. Allocation is first-come-first-served.

Room TypePer Annum
Non-AC Room₹1,35,000
AC Room₹1,60,000

Hostel is valid for 11 months from programme commencement with a Year-2 renewal option. Short-term and annual meal plans are billed separately by the mess vendor at actuals.

Global Immersion Programme — UAE Track for MBA Applied AI

The Global Immersion Programme (GIP) at ITM is split by specialisation, not by free choice. For MBA Applied AI students, the available track is the UAE GIP — the Singapore and Europe tracks at ITM are reserved exclusively for MBA Human Resource Management and MBA International Business cohorts respectively.

UAE GIP — ₹88,000 (Optional, 4 Days)

The UAE module sits at the cross-roads of South Asian, African and Middle-Eastern business networks — with active AI, fin-tech, retail and family-office hubs around DIFC, Dubai Internet City and the Sheikh Zayed Road corridor. Hosted by: University of Dubai and Skyline University, Sharjah, with academic sessions on innovation, brand strategy and emerging-business trends. Industry visits: Nasdaq Dubai for capital-markets exposure, Apple Inc. (Dubai) for product-and-design immersion, plus Hotpack and Ajmal Perfumes for consumer-products perspectives. Excursion: Palm Jumeirah and a Dubai City Immersion Tour. The ₹88,000 fee covers logistics, accommodation, ground transport and most meals; international travel and visa are billed separately.

Why UAE Fits the Applied AI Cohort

For Applied AI students aiming at AI Product roles in BFSI back-office, AI consulting practices, retail-tech analytics or family-office data work, the Gulf-South-Asia corridor is one of the fastest-growing AI hiring markets in the region. The 4-day GIP is structured to give the AI cohort short, dense industry exposure rather than a tourist itinerary. For students who want a longer or more academic global module, the standalone academic tracks at the host universities are open separately.

Other GIP Tracks (For Context)

The MBA-HR cohort runs a mandatory Singapore module (7 days, James Cook University) with sessions on Global HR Practices and DEI & Social Psychology; the MBA-International-Business cohort runs a mandatory Europe module (₹3.5L, 8–10 weeks at ESSCA Budapest + IESEG Lille). Neither of these is available as an elective for the Applied AI track — the destination is tied to the specialisation.

Hostel Life & Daily Routine at ITM Navi Mumbai

The MBA experience for an out-of-Mumbai student is often defined by the hostel as much as the classroom. ITM’s hostel sits less than a kilometre from the academic block, with bus service between the two during the academic day.

What the Daily Routine Looks Like

A typical MBA Applied AI weekday starts with a 7:30 am bus from hostel to campus for an 8:30 am class block. Mornings are core academics; midday hours hold AI / analytics lab sessions plus certification prep. Afternoons run case-method discussions, soft-skills labs or industry guest sessions; the evenings either belong to club activities (consulting club, fin-tech club, AI & Analytics club) or focused study for the rolling certification calendar. Most students return to hostel by 8 pm; some clubs run later workshops on Thursdays and Fridays.

What is Included in the Hostel Fee

  • Twin-sharing room with bed, desk, wardrobe, attached or shared washroom.
  • Housekeeping + linen service on a rotating schedule.
  • 24x7 security with electronic access at hostel gate; separate male / female wings.
  • Wi-Fi, power backup, drinking water (RO).
  • Hostel-side gym and recreation common rooms.
  • Bus shuttle between hostel and campus during academic hours.

What is Billed Separately

  • Mess at actuals — paid directly to the vendor on either a short-term or annual plan.
  • Laundry — paid separately.
  • Personal Internet / data top-ups beyond hostel Wi-Fi.
  • Specific room upgrades or AC choice during peak summer.

For Day-Scholars

Mumbai- and Navi Mumbai-resident students typically opt out of hostel and commute daily — the Sion-Panvel Expressway plus Harbour Line train connectivity makes daily commute from Vashi, Belapur, Panvel, Chembur, Ghatkopar and even Bandra workable. Day-scholars get the same recruiter access and selection-cycle treatment; participation in evening club activities is the only meaningful trade-off.

Selection Process Deep-Dive — How To Prepare

The ITM Business School selection round is intentionally profile-based, not test-only. A 99-percentile entrance score that walks in unprepared often loses out to a 75-percentile applicant who walks in with sharp clarity on goals and a credible story. Knowing what the panel is actually evaluating changes how you prepare.

What the Panel Assesses (Verbatim Weighting)

  • Academic Record: 10th, 12th and graduation aggregates plus subject diversity. A consistent academic record signals reliability; reserved-category, internationally-educated and gap-year profiles get separate consideration.
  • Entrance Test Scores: Used as a normalising baseline. iSET, CAT, XAT, NMAT, CMAT, MAT, ATMA, CUET and State CET scores all map onto an internal scoring rubric. A high score guarantees a call; it does not guarantee an offer.
  • Performance in the Selection Process: Personal interview is the primary instrument; for some specialisations a case exercise is also conducted. The interview tests three things — career narrative, programme fit and a working sense of why this specialisation rather than another.
  • Relevant Work Experience: One to three years of work experience is the sweet spot for MBA Applied AI; the panel actively looks for early exposure to data, product or business-analytics roles.
  • Extra-Curricular Activities & Personal Achievements: Leadership at student-government, debate, sports, MUNs, NGO work, published writing — treated as evidence of initiative, not as a tick-box exercise.

How To Prepare The Interview

  1. Build a 90-second elevator pitch on your background, why MBA now, and why ITM Applied AI specifically.
  2. Have one well-rehearsed AI / Business case study at the back of your mind — a real problem you saw at internship or coursework that you can structure into “the question, the analysis, the recommendation, the result”.
  3. Know your numbers. Recent batch’s highest package (₹21 LPA), average (₹8.65 LPA), 400+ recruiters, NIRF band 101-125. The panel notices when applicants treat the school as a serious choice rather than a fallback.
  4. Be precise on specialisation choice. Why MBA Applied AI vs Business Analytics vs FinTech? A clear answer here demonstrates research depth.
  5. Outstation candidates: opt for the online selection round only if travel is genuinely a constraint — in-person reads better when feasible.

Education Loans — ITM’s Banking & NBFC Partners

ITM’s ITM Finance Fellowship desk runs formal tie-ups with multiple banks and NBFCs to finance the MBA. Indicative rates and ceilings are below. These are updated by the providers and should be confirmed at the time of application.

LenderIndicative RateUnsecured CeilingTenure
Propelld11% onwardsup to ₹30 lakh1-yr moratorium + 10-yr repayment (MBA)
Saraswat Bank9.5% onwardsup to ₹4 lakh6-mo moratorium + 10-yr
State Bank of India (SBI)10.65% onwardsup to ₹7.5 lakhStandard SBI education loan terms
ICICI Bank11.25% onwardsAll programmesStandard education loan terms
EarlySalary3.85% onwardsup to ₹10 lakhUp to 12 months
Vertana3.85% onwardsup to ₹10 lakh12 months

Loan desk: Email loandesk@itm.edu or call 9136694958 / 84335 51081. The FindUrCollege desk can also help bundle a loan application with your iSET shortlisting timeline — WhatsApp +91-91126-50438.

Admissions 2026-28 — Eligibility, Entrance, Application

ITM’s admission funnel is straightforward and fully online for the first leg. The selection round can be attended in-person at the Kharghar campus or online for outstation applicants.

Eligibility

  • Bachelor’s degree from a UGC-recognised university with at least 50% aggregate in the qualifying examination (graduation).
  • Final-year UG students are also eligible to apply.
  • For iSET scholarship consideration: minimum 60% aggregate across 10th, 12th and graduation.

Accepted Entrance Exams

The ITM admissions cell accepts the following entrance scores in addition to its own iSET test:

  • National-level: CAT · XAT · NMAT · CMAT · MAT · ATMA · CUET
  • State-level: State CETs including MAH-MBA CET (Maharashtra)
  • In-house: iSET scholarship test (also used for shortlisting)

Application Steps

  1. Open mbaadmissions.itm.edu/mba, register and fill the application form.
  2. Pay the ₹1,500 application fee online to submit (early applications get a higher chance of admission given multiple selection rounds).
  3. On successful submission you will receive an Application ID — save it for all future correspondence.
  4. Shortlisted candidates are invited to the Selection Process (personal interview · optional case exercise) — date, time and venue (online or in-person) confirmed by email.
  5. The Selection Committee assesses academic record + entrance score + selection-round performance + work experience (if any) + extra-curriculars holistically. No single factor dominates — a high entrance score alone does not guarantee a call or offer.
  6. Successful candidates receive a Provisional Offer of Admission. Pay the ₹25,000 SRF by DD / Cheque to confirm and secure the seat (refundable subject to University and UGC terms).

Need handholding through the funnel? FindUrCollege is an official admission partner for ITM Navi Mumbai. WhatsApp +91-91126-50438 for priority counselling, iSET strategy, scholarship sequencing and Year-1 confirmation support. We coordinate directly with the ITM admissions desk.

Placements at ITM Business School Navi Mumbai — 2025 Numbers

ITM Business School’s placement story is built around two structural advantages: a 400+ recruiter network that visits annually, and a 5-month paid industry internship that converts many students directly to PPOs before final placements begin.

Headline Placement Numbers (Most Recent Batch)

  • Placement rate: 100%
  • Highest package: ₹21 LPA
  • Average package: ₹8.65 LPA
  • Recruiters annually: 400+ companies

Verified Top Recruiters

The recruiter mix below appears on ITM’s published placement summary and on independent education independent education portals.

  • BFSI: JP Morgan, HDFC Bank, ICICI Securities, Kotak Mahindra Bank, Reliance Securities, SBI Life.
  • Consulting / Audit: Deloitte, Ernst & Young.
  • Big Tech / E-commerce: Amazon, Flipkart.
  • IT Services: TCS.
  • Industrial / Consumer: LG Electronics, Voltas.

Sector Hiring Distribution

📌 In one line: placement figures per institute disclosures — year-labeled; verify current data.

SectorShare of Placements
Banking, Financial Services & Insurance (BFSI)~26.3%
Manufacturing~17.2%
NBFC~12.1%
Real Estate~9.1%
Retail~9.1%
Logistics~8.1%
Consulting~7.1%
FMCG~5.1%
Healthcare~3.0%
IT-Enabled Services (ITES)~3.0%

Source: ITM Business School Placement Brochure 2026-28 + independent third-party education portals. Sector shares are approximate and rotate per cycle.

ITM Business School MBA Applied AI “AI Is Changing The Job Market — Graduate With Job-Ready Skills” promotional banner with floating AI hand, Learn AI For Real Business Use, 5-Month Industry Internship, Guidance From Industry Mentors and Built For Future-Ready Careers bullets
ITM MBA Applied AI · image from ITM’s official 2026 admissions collateral.

Career Trajectory & Salary Growth Analysis — The 3-5-7 Year Outlook

An MBA is a long-term financial instrument. The headline first-job package — ₹21 LPA highest, ₹8.65 LPA average — matters less than the salary curve over the first decade. Built into the ITM Business School proposition is a recruiter-relationship network of 400+ companies that returns to campus repeatedly, which means alumni often move within that same network across the 3-5-7 year arc.

The Year-1 to Year-3 Curve

The typical MBA Applied AI graduate joins a recruiter at ₹6-12 LPA on entry. By Year 2 (one year after joining), an internal promotion or external lateral move typically adds 25-40% — landing the average graduate at the ₹9-16 LPA band. By Year 3, MBA-track graduates at the 75th percentile of the cohort tend to be at the ₹14-22 LPA band, often through a switch to a tier-1 BFSI / consulting / big-tech firm. The 90th-percentile path is faster — product or analytics roles at AI-native companies can compound much faster, but those are typically founder-track or pre-IPO startup outliers.

The Year-5 Inflection

By Year 5, the MBA-graduate cohort splits into three distinct paths. The corporate-track segment consolidates inside one or two large employers, typically progressing into manager-level roles at ₹20-40 LPA. The consulting-track segment moves into senior-consultant or specialist-consultant roles at Big 4 / boutique firms, with a separate compensation curve at ₹25-50 LPA. The product-and-startup segment is the most variable — with successful AI product managers at scaled startups commanding ₹30-60 LPA + equity, while founder-track outcomes are wider but harder to predict.

The Year-7 Outlook

By Year 7, the senior-management trajectory is largely determined by the early-career decisions, not the MBA itself — but the ITM alumni network of 2 lakh+ across the broader ITM Group of Institutions becomes a meaningful asset, with multiple Senior Vice President / Director level alumni in the BFSI and tech sectors driving lateral and senior-level hiring loops back to fresh cohorts. The MBA Applied AI track is intentionally built for graduates who want their Year-7 position to be inside an AI-native function rather than a generalist management role.

Financial Planning — Break-Even Analysis & ROI

The MBA Applied AI total cost (tuition + hostel + miscellaneous + opportunity cost) is a material number. Running a clean break-even model before applying is more useful than chasing rank-list ROI claims.

Total Cost of Attendance — Indicative

Cost BucketAmount (2 Years)
Tuition (Applied AI)₹13,95,000
Hostel + Mess (estimate, AC twin-share)₹3,20,000 + ~₹1,20,000 mess at actuals
Books, certifications, miscellaneous~₹40,000 (much of which is included in tuition)
Global Immersion (optional Dubai)₹88,000 (+ travel & visa)
Total Out-of-Pocket (with hostel + Dubai GIP)~₹19-19.5 lakh
Indicative Total with 50% iSET scholarship~₹14.5 lakh

Break-Even Maths

The ITM Business School average package of ₹8.65 LPA implies a post-tax take-home of approximately ₹7 LPA in the first year. After taxes, basic living expenses and a parallel education-loan EMI (if any), the surplus available for loan principal repayment is the determining factor. At an average package, the loan repayment timeline for a 100% loan-funded MBA typically lands at 4-6 years — faster for students who land above-average packages or who win iSET scholarships, slower for students who lean into the GIP optional add-ons.

The Scholarship Lever

The single biggest variable in the ROI calculation is the iSET scholarship outcome. A 100% scholarship (10 awards) effectively zeros out tuition for Year 1; a 50% waiver (15 awards) cuts ~₹3.5 L from the total. Across the broader pool of 155 awards, roughly one in 13 iSET applicants takes home some category of waiver — statistically meaningful, especially for applicants with strong 60%+ aggregates across 10th, 12th and graduation. The most important financial planning step before applying is to register for iSET early.

Leadership & Why ITM Navi Mumbai

Who Runs ITM

  • Mr. Nitin Putcha — Chief Executive Officer & Trustee, ITM Group of Institutions. A graduate of the Fox School of Business at Temple University with dual degrees in International Business and Marketing. Co-founder of LetsUpgrade (the developer-skilling platform). Over two decades steering ITM’s evolution — with a public commitment to industry integration, real-time skill development and global opportunity as the design brief for every programme.
  • Dr. Lakshmi Mohan — Pro Vice Chancellor, ITM Skills University. Ph.D, MMM, PGDHRM, PGDEdM, MA English Literature. Public position: “Education is not just about knowledge transfer, it’s about nurturing and empowering talents while lending the right perspective.”

Why ITM Navi Mumbai for MBA in 2026

  1. Two-decade campus track record. ITM Business School has run the Kharghar MBA campus since 1991. The 100% placement rate and 400+ recruiter network sit on top of 30+ years of placement-cell relationships.
  2. The MBA Applied AI is a real differentiator. Most Indian B-Schools layer GenAI as an elective; ITM has built it as a standalone specialisation with MacBook + curriculum + internship aligned to the AI job market.
  3. iSET makes scholarships winnable. ₹2 Cr pool across 155 awards (10 full + 15 half + 30 twenty-five + 100 ten-per-cent) is a real instrument that meaningfully changes the effective fee for students who score well.
  4. The degree is awarded by a UGC-recognised university. ITM Skills University (Maharashtra Act 10 of 2023) gives the MBA a state-private-university degree, plus AIU membership for cross-border recognition.
  5. Hostel + transport included as options at flat per-annum rates. No hidden mess / housekeeping bills — the headline rate covers room + housekeeping + security + Wi-Fi + gym, with mess actuals paid directly.
  6. FindUrCollege is an official admission partner. You get a direct counselling line into the ITM admissions desk — useful for scholarship sequencing and Year-1 confirmation.

Frequently Asked Questions — ITM Navi Mumbai MBA Applied AI 2026-28

Is ITM Business School Navi Mumbai recognised and what degree does the MBA Applied AI award?
Yes. ITM Business School at Kharghar, Navi Mumbai is the operating institution (established 1991) and is AICTE-approved for its management programmes. From 2024 onwards, the MBA degree (including MBA Applied AI) is awarded by ITM Skills University, Navi Mumbai — a UGC-recognised Private Skills University established under the ITM Skills University, Navi Mumbai Act, 2022 (Maharashtra Act No. 10 of 2023). NAAC accreditation is held at A grade. Both entities sit within the ITM Group of Institutions, run by the ITM Trust.
What is the total fee for ITM MBA Applied AI 2026-28?
The official AY 2026-28 fee for MBA Applied AI is ₹13,95,000 total — Year 1 ₹6,95,000, Year 2 ₹6,75,000, plus a ₹25,000 Seat Reservation Fee that is part of the total. The fee includes prescribed educational resources, uniforms, co-curricular activities, medical insurance and a MacBook provided on Day 1. Hostel is optional (Non-AC ₹1,35,000 / AC ₹1,60,000 per year). The Global Immersion Programme to Dubai (₹88,000) or Singapore (~₹1,10,000) is available as an optional add-on; for MBA International Business, GIP at ₹3,50,000 is mandatory.
What is special about the MBA Applied AI programme at ITM?
MBA Applied AI is ITM Business School’s newest specialisation, built explicitly for the AI-driven job market. The headline differentiators are: MacBook on Day 1, a 5-month full-time paid industry internship, 35+ industry certifications, AI + Business integrated coursework, real AI systems built during the programme, dedicated industry mentorship, startup incubation support with access to up to ₹1 crore in seed funding for AI startup ideas, 400+ hiring companies on the recruiter list, and a scholarship pool of up to ₹2 lakh per student via the iSET test. The programme launches the 2026 batch.
What is the iSET scholarship test and how does it work?
iSET is ITM’s own scholarship entrance examination, assessing aptitude, logical reasoning, verbal skills and data interpretation. With over 2,000 students writing it each year, iSET unlocks a total scholarship pool of approximately ₹2 crore. The distribution is 10 full (100%) waivers, 15 fifty-per-cent waivers, 30 twenty-five-per-cent waivers, 100 ten-per-cent waivers. Eligibility requires 60% aggregate in 10th, 12th and graduation; first/second-year UG students with overall 60% are also eligible. Awarded scholarships apply to Year 1 only.
Which entrance exams does ITM Business School accept for MBA admission?
ITM accepts its own iSET scholarship test plus eight national-level entrance scores: CAT, XAT, NMAT, CMAT, MAT, ATMA, CUET and the various State CETs (including MAH-MBA CET for Maharashtra residents). Apply online at mbaadmissions.itm.edu/mba with the ₹1,500 application fee. Shortlisted candidates attend a selection round (personal interview · optional case exercise · holistic profile assessment). Outstation applicants may opt for the selection round to be conducted online.
What are the placement statistics at ITM Business School Navi Mumbai?
For the most recent batch, ITM Business School Navi Mumbai reported a 100% placement rate with a highest package of ₹21 LPA and an average package of ₹8.65 LPA. More than 400 companies participate in placements annually. Verified top recruiters include JP Morgan, TCS, Amazon, Kotak Mahindra Bank, Reliance Securities, ICICI Securities, Deloitte, LG Electronics, Ernst & Young, HDFC Bank, Flipkart and Voltas. Hiring is well distributed across BFSI (~26%), Manufacturing (~17%), NBFC (~12%), Real Estate (~9%), Retail (~9%), Logistics (~8%), Consulting (~7%), FMCG (~5%), Healthcare (~3%) and ITES (~3%).
What MBA specialisations does ITM Business School Navi Mumbai offer?
ITM offers 10 MBA specialisations plus the new MBA Applied AI track. Mainstream: Marketing Management, International Business, Human Resource Management, Operations and Supply Chain Management, Finance. New-Age: Financial Services, Financial Technologies (FinTech), Digital Marketing and Media Management, Business Analytics, Retail Management and E-Commerce. MBA Applied AI runs as a separate, specialised track aimed at the AI-driven job market for the 2026-28 cohort.
Where exactly is ITM Business School Navi Mumbai located and how do I apply?
The campus is at Plot 25 & 26, Institutional Area, Sector 4, Kharghar, Navi Mumbai, Maharashtra – 410210. Apply online at mbaadmissions.itm.edu/mba with the ₹1,500 application fee, upload your entrance scorecard, and the admissions desk will guide you through selection rounds. Direct contact at the campus: Mrs. Aashna Dalvi, +91 77386 94008, aashnad@itm.edu. The shared admissions inbox is applicant.support@itm.edu. FindUrCollege is an official admission partner for ITM Navi Mumbai — WhatsApp +91-91126-50438 for priority counselling.
What education loans does ITM partner with for MBA students?
ITM has tie-ups with multiple banks and NBFCs. Indicative rates and ceilings include: Propelld (11% onwards, unsecured up to ₹30 lakh, 1-yr moratorium + 10-yr for MBA), Saraswat Bank (9.5% onwards, up to ₹4 lakh, 6-mo moratorium + 10-yr), SBI (10.65% onwards, up to ₹7.5 lakh unsecured), ICICI Bank (11.25% onwards), EarlySalary (3.85% onwards, up to ₹10 lakh, up to 12-month repayment) and Vertana (3.85% onwards, up to ₹10 lakh). For loan-desk queries email loandesk@itm.edu or call 9136694958 / 84335 51081.
Who leads ITM Business School and ITM Skills University?
The ITM Group of Institutions is led by Mr. Nitin Putcha as Chief Executive Officer (a graduate of the Fox School of Business at Temple University, and a Trustee of the ITM Trust). The Pro Vice Chancellor of ITM Skills University is Dr. Lakshmi Mohan (Ph.D, MMM, PGDHRM, PGDEdM, MA English Literature). The ITM Group is in its 34th year and has 20,000+ current students, a 2 lakh+ alumni network and 15 modern campuses across India.
Fees, scholarship slabs and placement data are sourced from ITM’s official 2026-28 admissions PDFs (MBA Applied AI Fee Schedule, MBA Fees 2026-28, MBA iConnect Brochure, Placement Brochure 2026-28, Loan Partners deck) supplied by ITM Business School Navi Mumbai and verified third-party education independent education portals. Maharashtra Act citation cross-verified against the official PRS India text of the ITM Skills University Act, 2022. FindUrCollege is an official admission partner for ITM Navi Mumbai — we are an independent counselling platform and not the awarding institution. Always confirm fees, dates and seat availability with the ITM admissions desk before payment.
📋 Data Accuracy Notice (May 2026)

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