IIM Mumbai - Indian Institute of Management, Mumbai - Course & Fees Details

The most important thing you should know is which course will prove to be better for your career, rather than which is the best overall. As some of my friends are from NITIE Mumbai, I can give you a bit of information about PGDIE and PGDIM.

• Both PGDIE and PGDIM are flagship courses of NITIE.
• PGDIM is considered to be a management course, whereas PGDIE is a technical course.
• PGDIE is a more M.Tech equivalent.
• There are also certain differences between the course curriculum at PGDIE and PGDIM.
• PGDIE has a batch size of 120. And PGDIM has a batch size of 250.
• Admissions for PGDIE are done through GATE scores. For PGDIM, CAT scores are considered.
• The placements of both the courses are good. Students of both these courses sit for placements by almost the same companies.

Therefore, it is suggested that you opt for the one that suits you the best. Ask yourself where your passion lies and will a management course or a technical course be beneficial for you.

I have friends who study at NITIE Mumbai, and these are the 5 different courses the institute offers:

1. PGDIM (For Industrial Management)
2. PGDISEM (For Industrial Safety and Environment Management)
3. PGDIE (For Industrial Engineering)
4. PGDPM (For Project Management)
5. PGDMM (For Manufacturing Management)

Moreover, PGDIM and PGDISEM are equivalent to MBA and require you to appear in CAT exam to enroll in either of them.

Other than these few, PGDIE, PGDPM, and PGDMM are equivalent to M.Tech. The admissions are followed by considering the GATE scores which also helps make students eligible for the regular stipend provided by the government to several of these GATE qualifiers. 

The tuition fee for PGDIE at NITIE is 3.69 lakhs for the first year and 3.41 lakhs for the second year. This fee structure consists of your Hostel rent and other academic fees excluding mess fees.

 Here is the detailed fee structure for PGDIE at NITIE. 

Furthermore, students from the reserved category are exempted from payment of Academic charges whose annual family income is less than Rs. 4.5 lakhs but then they shall have to pay all other fees, charges, and deposits.

For the sponsored category the tuition fees are two times and all other charges remain the same. 

Yes, NITIE Mumbai gives fee concessions to the general category students also. The form of fee concession is merit cum need a form of scholarship. 

The simple meaning of this merit cum need scholarship is that a student has to be eligible for some criteria to avail it. To be eligible, a student needs to maintain considerable academic aggregate and should be from an economically weaker background. 

The range of scholarships is in the form of a 30% fee waiver for the students with an annual family income below INR 2.5 lakhs and a 50% fee waiver for the students with an annual family income below INR 1 lakh. 

Excluding the scholarship, the students enrolled in the courses of PGDPM, PGDIE, and PGDMM avail of a stipend of around INR 12400.

NITIE offers 5 courses. These 5 courses are as follows. 

1. Post Graduate Diploma in Industrial Engineering (PGDIE)- This is considered to be the Flagship program offered by NITIE. If you have studied mechanical/production/industrial engineering and are a graduate, it would be very easy for you to understand the curriculum of the course. 
2. Post Graduate Diploma in Manufacturing Management (PGDM)- If you are a mechanical/production/industrial engineering graduate, you can easily understand this program's curriculum. Civil Engineering graduates are not eligible to apply for this program. 
3. Post Graduate Diploma in Project Management (PGDPM)- This program would help you to get techno-managerial job opportunities in the industry. Students from any branch of engineering can apply for enrollment in this course.
4. Post Graduate Diploma in Industrial Management (PGDIM)- This program is one of the oldest programs offered by NITIE and would help you in getting decent job roles in industries. 
5. Post Graduate Diploma in Industrial Safety and Environment (PGDISE)- This program would help you nourish your interest in safety and sustainability. You will be shortlisted based on your CAT Scores. 

You can make your choice according to your interest. 

My cousin's brother enrolled in NITIE last year. So I am well aware of this criteria. According to him it’s not very difficult. 

• You can simply apply for an education loan. 
• Almost all government banks in India offer an education loan without collateral to students who enroll in a high-quality institute. 
• The interest rates are lower as well. 
• SBI, for example, does it through its SBI Scholar loan scheme, which is available to a list of reputed or “good-quality” institutes.
• NITIE appears on all of these lists. 
• There is no need to pay interest until you graduate. 
• Even so, you have the option of extending the moratorium period for an additional year. 
• You can begin repaying the loan once you get a good job. 
• Essentially, your parents are not required to do anything in this situation.

If your family income is less than 2.5 lakhs, you can get a 30% tuition fee waiver, and if your family income is less than 1 lakh, you can get a 50% tuition fee waiver.

I can give you an idea about the cost of doing an MBA from NITIE as one of my friends is a student there. At present, the tuition fee for MBA is 11 lakhs for a period of 2 years.

Other than that, if you consider assuming Rs. 3500 as the average mess fees for a total of one month, then it sums up to Rs. 35,000 for a time period of 10 months (considering 2 months of vacation period).

The mess fee sums up to Rs. 80,000. The overall amount you might personally require can be 1 Lakh in a total of 2 years. Thus, it can possibly be around or over 13 Lakhs, if you go on to plan for a rather controlled cost vacation in NITIE.

I have a few friends who graduated recently from NITIE, so I think I can give you some information regarding the fee structure of the institute. 

• There are two modes of entry in NITIE, i.e. GATE (PGDIE/MM/PM) and CAT (PGDIM/ISM). 
• The Fee structure is different for GATE and CAT qualifying applicants.
• GATE qualifying candidates are charged around INR 12.5 LPA for the MBA program while CAT qualifying applicants are charged nearly INR 14.5 LPA. 

Although the fees I have mentioned are solely meant for Tuition Fees, this doesn't include mess fees which you need to pay separately.

My brother was enrolled in the PGDIE courses so I think I can give you the fees information. 

The fee structure for the PGDIE courses at NITIE Mumbai is mentioned below:

As per the policies of the institution, SC/ST candidates whose annual collective income of the family is below INR 4.5 lakh do not have to pay for the Academic charges. However, these students are required to pay all the other fees.