ITM Navi Mumbai — ITM Business School, Kharghar MBA Admission 2027: Fees, Placements & iSET/CAT Entry

ITM Navi Mumbai at a Glance — Kharghar Campus, Rankings & Accreditations

ITM (Institute of Technology and Management) Business School has been offering management education at its Kharghar Navi Mumbai campus since 1991 — the flagship MBA campus of the ITM Group of Institutions, an education trust running 15 campuses across India. ITM Business School itself counts 20,000+ alumni worldwide and 400+ recruiting companies (MBA iConnect Brochure 2027-2029, page 22). From 2024 onwards, the MBA degree 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). The MBA iConnect framework now spans 11 specialisations including the newly launched MBA Applied AI track.

Navi Mumbai’s commercial geography — Belapur CBD, Vashi trading hubs, Airoli IT park, Taloja MIDC, the Jawaharlal Nehru Port Trust (JNPT), and the under-construction Navi Mumbai International Airport — gives ITM students direct exposure to Mumbai-grade recruiters at materially lower cost-of-living than central Mumbai. The campus is approximately 3 km from Kharghar railway station (Harbour Line) with direct connectivity to CST Mumbai, Sion-Panvel Expressway access to BKC / Lower Parel BFSI corridor, and the Pune-Mumbai Expressway opening up the Hinjewadi-Magarpatta IT belt within 3 hours. Leadership: Mr. Nitin Putcha (CEO & Trustee, ITM Group) and Dr. Lakshmi Mohan (Pro Vice Chancellor, ITM Skills University).

Three names, one campus: The ITM Group of Institutions is the parent trust. ITM Business School (this campus, since 1991 — 35 years) runs the academics. ITM Skills University (since 2023, under Maharashtra Act 10/2023) is the degree-awarding body that now grants the MBA certificate. All three sit under the same ITM Trust.

ITM Navi Mumbai MBA Fees 2027-29 — ₹14,35,000 Total (Official)

The figures below are from ITM Business School’s own MBA Fee Schedule for Batch 2027-29, read on 6 October 2026. The Seat Reservation Fee is not an extra on top: the schedule states that it is part of the first-year programme fee, which is why Year 1 reads ₹7,10,000 and not ₹7,35,000. There is one fee for all eleven specialisations, and it includes educational resources, uniforms, co-curricular activities, medical insurance and a MacBook on Day 1 — the MacBook was the Applied AI variant’s differentiator in the 2026-28 schedule and is now standard for every MBA student.

MBA iConnect (General Specialisations) — AY 2027-29

📌 In one line: ₹14,35,000 total for the general MBA (AY 2027-29) — that is the figure to budget against.

MBA Applied AI — the same fee, not a separate programme

📌 In one line: there is no separate Applied AI fee for 2027-29. Applied AI is one of the eleven iConnect specialisations, so it costs the same ₹14,35,000 — and the MacBook and the Applied AI Laboratory now come with every specialisation, not just this one.

ITM’s 2027-29 brochure says it plainly: the Applied AI specialisation launched in 2026 and is “not to be confused with Applied AI Lab”. The Laboratory is built into the MBA for every student, whichever specialisation you choose. For the earlier 2026-28 batch ITM did price an Applied AI variant separately at ₹13,95,000 with the MacBook as its differentiator; that distinction no longer exists in the 2027-29 schedule, so do not budget for it.

What you actually study in it, the certification stack and the roles it hires into: MBA Applied AI specialisation →

Add-Ons

📌 In one line: not every add-on here is optional — the ₹3,50,000 Global Immersion is mandatory for MBA-International Business, which takes an 8-week immersion in Europe. Every other specialisation chooses Dubai (₹88,000) or Singapore (₹1,10,000) or skips the trip entirely; it is not included in the programme fee. Hostel is separate from tuition at ₹1,35,000/year non-AC or ₹1,60,000/year AC, plus a one-time ₹1,500 application fee.

Payment timeline: Part 1 (SRF) immediately on Provisional Offer Letter · Part 2 within 30 days of Confirmed Offer · Year 2 due on or before 15 March 2027. Late fee ₹5,000 after due date. DD/Cheque payable to “Institute for Technology and Management Trust”.

iSET Scholarship Test — The ₹2 Crore Pool

ITM awards over ₹2 crore in scholarships every year, purely on merit, and there are two ways in. Round 1 is an Early Decision award of 15% for candidates who apply before 24 October 2026, take the online ITM test and sit the interview; ITM’s own brochure says that window does not extend. Round 2 is the iSET — the ITM Scholarship Entrance Test, held in December — and it goes up to a full 100% tuition waiver. The institute states plainly that your chances are highest in the earlier rounds, because the pool is largest when the first applications come in, so treat that date as a real deadline.

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

Awarded waivers apply to Year 1 only. Statistically about 1 in 13 iSET applicants takes home some category of scholarship — the most material lever in the ROI calculation.

Admission Process 2027: iSET, CAT & National Entrances Accepted

ITM Business School accepts iSET (its own scholarship-linked entrance) plus eight national-level scores: CAT, XAT, NMAT, CMAT, MAT, ATMA, CUET and the various State CETs (including MAH-MBA-CET for Maharashtra residents). The selection round assesses academic record, entrance score, personal interview, optional case exercise, work experience and extra-curriculars holistically — no single factor guarantees an offer.

• Eligibility: Bachelor’s degree from any UGC-recognised University with at least 50% in the qualifying examination (40% for reserved categories). Final-year students are eligible to apply.
• Scholarships: purely merit-based and institute-wide. Round 1 Early Decision gives 15% to applications made before 24 October 2026; Round 2 is the iSET in December, up to a 100% tuition waiver. The 2027-29 brochure sets no separate academic cut-off for scholarship consideration.
• Entrance exams accepted: iSET (in-house), CAT, XAT, NMAT, CMAT, MAT, ATMA, CUET, State CETs (incl. MAH-MBA-CET).
• Application: Online at mbaadmissions.itm.edu/mba · one-time fee ₹1,500.
• Selection: Personal Interview (mandatory) at the Kharghar campus or a regional office, plus an optional case exercise. ITM conducts the interview online only where there is a genuine reason you cannot attend in person — do not plan around a remote round.
• You find out the same day. ITM announces the result within one hour of your interview. If you are selected, the ₹25,000 Seat Reservation Fee is payable immediately to hold the seat — and it is part of your first-year fee, not an extra — so go in having already decided what you will do with an offer.
• Application support: FindUrCollege coordinates directly with the ITM admissions desk on your behalf — WhatsApp +91-91126-50438 for application status, document checklists and seat-confirmation guidance.

ITM Navi Mumbai MBA Placements & Average Package — Batch 2024-26: ₹21 LPA Highest, ₹8.65 LPA Average

📌 In one line: 690 students, ₹21 LPA at the top and ₹8.65 LPA on average — and the average is the number to reason with, because ITM publishes an average and no median and no placement percentage at all. An average is pulled up by the few large offers, so read it as the ceiling of the typical outcome rather than the middle of it. Where the two ITM numbers differ: ITM’s MBA in Applied AI page states ₹8.65 LPA as the average CTC, while page 18 of the MBA iConnect Brochure 2027-2029 prints ₹8.5L for the same 2024-26 batch. We use ₹8.65 LPA. The gap is ₹15,000 a year and neither document explains it, so if you are comparing against a printed brochure, that is why the figures will not match to the rupee.

Source: ITM Business School, MBA iConnect Brochure 2027-2029, pages 18–21 (read 6 October 2026). The recruiter list rotates each cycle.

Offers ITM published from the 2024-26 batch

📌 In one line: twenty named offers ITM itself published, running from ₹8 LPA to ₹21 LPA. Read them as examples, not as the distribution — a school publicises the offers it wants seen, and the batch average across all 690 students is ₹8.65 LPA. What they are genuinely useful for is seeing which companies hire from here and into which specialisation.

Scroll sideways for all twenty. Placement creatives published by ITM Business School, Navi Mumbai; names, specialisations, employers and packages are as ITM states them. FindUrCollege has not independently audited the figures.

All 11 MBA Specialisations at ITM Navi Mumbai

ITM Business School offers ten established MBA specialisations under the iConnect framework, plus the new MBA Applied AI as an eleventh AI-focused track.

ITM Navi Mumbai Rankings & Recognitions (ITM Skills University)

ITM’s MBA iConnect Brochure 2027-2029 (page 22) says the school has been “ranked and awarded by six independent bodies in the last two years”, and those six are the first rows below. The older entries, from the 2026-28 brochure, are kept and year-labelled so you can see the direction rather than a single snapshot.

📌 In one line: ITM sits around #7–#8 among private B-schools in the 2026 surveys (The Week #7, Fortune #8, Business Today #8) while NIRF, the government ranking, places it in the 101–125 band. Both are true: the magazine surveys rank a narrower private field, NIRF ranks every management institute in the country. If you are comparing against a college that quotes only one of the two, make sure you are comparing the same ranking.

The 2-Year MBA iConnect Programme Structure (Batch 2027-29)

The MBA iConnect framework runs across 4 academic semesters + 1 industry-internship block, with the official tagline “Where You Learn Through Experience.” The deliberate sequencing puts a 5-month full-time paid internship between the core and specialisation halves of the programme. ITM reports a stipend of ₹15,000–30,000 a month across the last two batches, and many students convert the placement into a pre-placement offer before the formal season opens. Every MBA student also does a 2-week NGO internship.

The month-by-month calendar below is the one ITM published for the 2026-28 cohort. The 2027-29 batch follows the same shape a year later, but ITM has not published its dates yet — so use this for the sequence, not for your own diary.

The 300+ Hours of Soft-Skills Training

Layered across all four semesters are 13 dedicated soft-skills courses totalling 300+ hours — 4 in Semester 1 + 4 in Semester 2 + 4 (intense placement-prep block) in Semester 3 + 1 finishing module in Semester 4. The placement-prep block in Semester 3 is the most intensive: it covers communication, interview and case-exercise handling, business writing, executive presence, negotiation, and consulting-style structured problem-solving — all coached by industry-veteran trainers from the 400+ recruiter network.

Capstones — A Three-Phase Spine

Most Indian MBAs use one capstone. ITM’s iConnect spine uses three sequential capstones: Phase 1 as a structured industry problem in Semester 1, the 5-Month Industry Internship as the central capstone in mid-programme, and the Final Integrated Capstone in Semester 4 that aggregates all shipped output into a recruiter-facing portfolio.

What Each Global Immersion Includes (UAE / Singapore / Europe)

ITM operates three Global Immersion destinations. For the 2027-29 batch the choice is yours unless you take International Business: every other specialisation picks Dubai or Singapore, or skips the trip, and the Global Immersion Programme is not included in the programme fee. International Business students instead take a mandatory 8-week immersion in Europe at ₹3,50,000, paid with the programme fee. Mapping below is from the MBA iConnect Brochure 2027-2029, page 9.

Dubai GIP — ₹88,000 (Optional, week-long)

Eligibility: Optional add-on open to every specialisation except MBA International Business, whose students take the mandatory Europe immersion instead. You pick Dubai or Singapore — not both. Hosted by: University of Dubai + Skyline University, Sharjah. Industry visits: Nasdaq Dubai, Apple Inc. (Dubai), Hotpack, Ajmal Perfumes. Excursion: Palm Jumeirah and a Dubai City Immersion Tour covering the city’s futuristic skyline and cultural landmarks. Sessions run in finance, brand strategy, retail and innovation.

Singapore GIP — ₹1,10,000 (Optional, week-long)

Eligibility: Open to every specialisation except MBA International Business, as the alternative to Dubai. The 2027-29 brochure prices it at ₹1,10,000, all inclusive, and it is not part of the programme fee. Hosted by: James Cook University, Singapore. Sessions: Global HR Practices, Diversity Equity & Inclusion (DEI) and Social Psychology. Excursions: the Aquaculture Lab (sustainable fish-farming research), Universal Studios Singapore and the Sky Park at Sentosa. This is the academic spine of the MBA-HR specialisation — not an optional add-on.

Europe GIP — IB Cohort Only (8–10 Weeks, ₹3,50,000)

Eligibility: Mandatory full-immersion module exclusively for MBA International Business students. Hosted by: ESSCA School of Management, Budapest (founded 1909) + IESEG School of Management, Lille (triple-accredited EQUIS, AACSB, AMBA). Industry visits: Hada Supermarkets (Hungary’s largest retail chain), Decathlon France, Flex Budapest, Resilience. Excursions: Budapest (Buda Castle, Fisherman’s Bastion, St. Stephen’s Basilica, Parliament, Danube River cruise, Szentendre) followed by Lille and Paris (Grand Place, Old Stock Exchange, Citadel of Lille, Eiffel Tower, Notre-Dame, Louvre). The 8-10 week duration genuinely puts the MBA-IB cohort inside European business culture rather than a tourist circuit.

Education Loans — ITM’s Banking & NBFC Partners

ITM’s ITM Finance Fellowship desk has tie-ups with multiple banks and NBFCs. Indicative rates and ceilings are below.

FindUrCollege can bundle loan timing with iSET shortlisting and coordinate directly with ITM's finance desk on your behalf — WhatsApp +91-91126-50438.

How to Apply to ITM Navi Mumbai — Preparing a Strong Application

Getting into a top MBA programme is not just about scoring well in CAT/MAH-CET. The best candidates combine a strong entrance score with a well-crafted application, compelling essays, strong recommendations and a confident interview. Here is a step-by-step strategy to maximise your chances.

1. Crack CAT/MAH-CET (CAT 70+ or MAH-CET 88+): Build a 3-month focused study plan. Use previous year papers, mock tests and sectional practice. Identify your weakest section and dedicate 40% of prep time to it.
2. Build Your Application Profile: Document all achievements, leadership roles, quantifiable impact from work and extracurriculars. ITM Business School evaluates profile holistically — everything from sports medals to startup experience matters.
3. Write Authentic Essays: Avoid generic "I want to be a CEO" answers. Research ITM Business School specifically — their pedagogy, faculty, clubs, and how these align with your specific career goals. Authentic, specific essays outperform polished generic ones every time.
4. Strong Recommendation Letters: Choose recommenders who know your work closely — ideally your direct manager for 1+ year. Brief them on what ITM Business School looks for and the specific achievements you want highlighted.
5. Prepare for the Personal Interview: ITM's selection round is a Personal Interview (mandatory) plus an optional Case Exercise — there is no Group Discussion round. Prepare crisp answers to "Why MBA?", "Why ITM Business School?", "Where do you see yourself in 5 years?" and industry knowledge relevant to your target role.
6. Financial Planning: Total cost is ₹14,35,000 for the MBA iConnect programme, whichever of the eleven specialisations you take. Education loans are available from Propelld, SBI, ICICI, Bank of Baroda, HDFC Credila, Axis Bank and other ITM finance-desk partners — see the Education Loans section below. Start the loan process early — bank approval can take 3-6 weeks.

Post-MBA Career Pathways from ITM Navi Mumbai

Graduates from ITM Business School in Navi Mumbai typically pursue careers in BFSI, consulting, FMCG, retail and technology sectors, entering at ₹8.65 LPA average (up to ₹21 LPA at the top) in the latest verified batch. The mid- and senior-career figures below are general Mumbai-market management-career benchmarks — not ITM-specific alumni data — provided as an indicative reference only.

*Indicative Mumbai management-career benchmarks, not verified ITM-specific alumni outcomes — individual results vary by specialisation, role and employer.

FindUrCollege Support for ITM Navi Mumbai Admission

ITM Navi Mumbai provides solid MBA education at moderate fees with strong BFSI and FMCG recruiter access through the Mumbai-belt location. Best for candidates targeting local Navi Mumbai/Mumbai careers. Candidates in the 68-75 CAT range should also review our MBA for Low CAT Score guide, and those weighing the diploma format can read MBA vs PGDM 2026. Our counsellors have helped candidates successfully navigate the ITM Business School admission process. Services include: entrance exam strategy, essay review and editing, mock Personal Interview and case-exercise sessions with industry mentors, financial aid application guidance, and post-admission career coaching. Reach out via WhatsApp for a free 20-minute profile assessment.

ITM Kharghar Campus Life & Industry Connections

ITM Navi Mumbai's Kharghar campus has been developed over 3 decades with strong industry connections to the surrounding Navi Mumbai commercial ecosystem. Belapur CBD (5 km) hosts the offices of State Bank of India, Life Insurance Corporation, CIDCO and several corporate headquarters. Airoli IT park (15 km) has Infosys, Capgemini and other IT companies. Taloja MIDC (10 km) hosts manufacturing units of Larsen & Toubro, Siemens and Indian Oil. This industrial diversity directly benefits ITM students through internships, live projects and placements.

ITM’s Corporate Resource Centre maintains active relationships with 400+ companies annually for placement, SIP (Summer Internship Programme) and guest lectures. The institute conducts 2 formal placement seasons: SIP placement in January-February (for between-year internships) and Final Placement in November-February of Year 2. Students are supported with resume building workshops, mock interview sessions and LinkedIn profile optimization before each placement season.

Official figures are published by ITM on its own site: itm.edu (ITM Group — programmes, fees, admissions and placement material for ITM Business School, Navi Mumbai).

Sources & Official References (ITM Skills University)

The accreditation, recognition and ranking claims on this page are cited from the following primary sources. Applicants should verify current-year details directly on these official portals before making any payment.

• AICTE approval: All India Council for Technical Education — aicte-india.org
• UGC recognition (ITM Skills University, Maharashtra Act No. 10 of 2023): University Grants Commission — ugc.gov.in
• NAAC 'A' accreditation: National Assessment and Accreditation Council — naac.gov.in
• NIRF 2025 Management ranking: National Institutional Ranking Framework, Ministry of Education — nirfindia.org
• Official institute website: ITM Business School / ITM Skills University — itm.edu

Frequently Asked Questions