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.

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.
✅ Sourcing: figures follow official/institute disclosures (year-labeled) — verify current-year details on the official source before payment.
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 Detail | Information |
|---|---|
| Operating institution | ITM Business School (established 1991) · ITM Group of Institutions |
| Degree-awarding body | ITM 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 address | Plot 25 & 26, Institutional Area, Sector 4, Kharghar, Navi Mumbai – 410210, Maharashtra |
| Group footprint | 20,000+ current students · 2 lakh+ alumni · 15 modern campuses across India |
| Leadership | CEO & 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 & rankings | NAAC ‘A’ Grade · NIRF 2025 Management Band 101–125 · Times B-Schools Ranking 2025: #43 · Outlook-ICARE 2024: #45 (Private MBA) |
| Flagship MBA programmes | MBA 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 benefits | MacBook 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 routes | iSET (ITM’s own) · CAT · XAT · NMAT · CMAT · MAT · ATMA · CUET · State CETs (incl. MAH-MBA CET) |
| Admissions contact | Mrs. 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
| Pillar | What It Means In Practice |
|---|---|
| MacBook on Day 1 | Every 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 Internship | A 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 Curriculum | Coursework 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 Certifications | Stacked 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 & Workflows | Live capstone projects on real industry problem statements, not just classroom case studies. Output is shipped systems, not slide decks. |
| Dedicated Industry Mentorship | 1:1 mentor allocation from the 400+ company recruiter network; mentors help shape the internship choice and final-placement strategy. |
| Startup Incubation Support | Built-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 Companies | The 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.
| Stream | Specialisation |
|---|---|
| Mainstream Specialisations | Marketing Management |
| International Business (with mandatory Global Immersion Programme) | |
| Human Resource Management | |
| Operations and Supply Chain Management | |
| Finance | |
| New-Age Specialisations | Financial 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 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.
| Body | Result |
|---|---|
| NAAC | ‘A’ Grade Accredited |
| NIRF 2025 — Management | Band 101–125 |
| Times B-Schools Ranking 2025 | Rank #43 across India |
| Outlook-ICARE 2024 | Rank #45 — Private MBA category |
| AICTE | Approved — ITM Business School (PGDM legacy + current MBA operations) |
| UGC | Recognised through ITM Skills University, the degree-awarding body |
| AIU | ITM 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 Slab | Number of Awards |
|---|---|
| 100% Tuition Fee Waiver | 10 awards |
| 50% Tuition Fee Waiver | 15 awards |
| 25% Tuition Fee Waiver | 30 awards |
| 10% Tuition Fee Waiver | 100 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 Component | Year 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 Component | Year 1 | Year 2 | Total |
|---|---|---|---|
| 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.
| Destination | Indicative Fee | Status |
|---|---|---|
| Mandatory GIP — MBA International Business | ₹3,50,000 (paid alongside programme fee) | Mandatory for MBA-IB cohort |
| Dubai (all inclusive) | ₹88,000 | Optional — all other specialisations |
| Singapore (indicative) | ~₹1,10,000 | Optional — 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 Type | Per 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
- Build a 90-second elevator pitch on your background, why MBA now, and why ITM Applied AI specifically.
- 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”.
- 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.
- Be precise on specialisation choice. Why MBA Applied AI vs Business Analytics vs FinTech? A clear answer here demonstrates research depth.
- 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.
| Lender | Indicative Rate | Unsecured Ceiling | Tenure |
|---|---|---|---|
| Propelld | 11% onwards | up to ₹30 lakh | 1-yr moratorium + 10-yr repayment (MBA) |
| Saraswat Bank | 9.5% onwards | up to ₹4 lakh | 6-mo moratorium + 10-yr |
| State Bank of India (SBI) | 10.65% onwards | up to ₹7.5 lakh | Standard SBI education loan terms |
| ICICI Bank | 11.25% onwards | All programmes | Standard education loan terms |
| EarlySalary | 3.85% onwards | up to ₹10 lakh | Up to 12 months |
| Vertana | 3.85% onwards | up to ₹10 lakh | 12 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
- Open mbaadmissions.itm.edu/mba, register and fill the application form.
- Pay the ₹1,500 application fee online to submit (early applications get a higher chance of admission given multiple selection rounds).
- On successful submission you will receive an Application ID — save it for all future correspondence.
- Shortlisted candidates are invited to the Selection Process (personal interview · optional case exercise) — date, time and venue (online or in-person) confirmed by email.
- 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.
- 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.
| Sector | Share 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.
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 Bucket | Amount (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
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
- Data Sources: Fees, scholarships, leadership and placement data are sourced from ITM’s official 2026-28 admission PDFs + verified third-party portals.
- Verification: Always confirm fees, dates and seat availability with the ITM admissions desk before payment.
- Platform Status: FindUrCollege is an official admission partner for ITM Navi Mumbai — we are an independent counselling platform and not the awarding institution.
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