The four SPJIMR programmes compared
PGDM and PGDM (BM) are the two-year programmes for freshers and early-career candidates; PGPM is an 18-month programme for at least three years of experience, and GMP is a dual-degree route.
| Programme | Duration | Work experience | Next start | Applications |
|---|---|---|---|---|
| PGDM | 2 years | 0–5 years | June 2027 | 15 September – 27 November 2026 |
| PGDM (Business Management) | 2 years | 0–5 years | June 2027 | 15 September – 27 November 2026 |
| PGPM | 18 months | Minimum 3 years | December 2026 | Closed for the December 2026 batch |
| Global Management Programme | 12–24 months | Not mandatory | January 2027 | Open to 5 November 2026; cohorts start every January and June |
PGDM applicants choose two preferences from four specialisations when they apply — Finance, Information Management & Analytics, Marketing, and Operations & Supply Chain. PGDM (BM) admits 120 participants and lets them choose their own mix of courses instead.
SPJIMR fees 2026-27 by programme
PGDM and PGDM (BM) cost ₹24,86,000 and PGPM ₹22.66 lakh, each including tuition and basic hostel; GMP's ₹9,50,000 plus taxes covers only its six months in Mumbai.
| Programme | Fee | Includes | Excludes |
|---|---|---|---|
| PGDM | ₹24,86,000 Indian ₹34,77,500 international | Tuition and basic hostel/accommodation | Global Fast Track and International Exchange (optional) |
| PGDM (BM) | ₹24,86,000 Indian | Tuition and basic hostel/accommodation | Global Fast Track and International Exchange (optional) |
| PGPM | ₹22.66 lakh | Tuition and basic hostel/accommodation | Mess, travel and boarding during internships, International Immersion and Exchange |
| GMP | ₹9,50,000 plus taxes | Six months at SPJIMR Mumbai | The partner school’s tuition; the whole programme comes to about ₹28 lakh to ₹97 lakh |
Every fee is indicative and subject to revision, and each is a whole-programme figure with no year-wise or instalment split, so ask for the instalment schedule in writing before you accept a seat. The PGDM application processing fee is ₹2,500 (₹5,000 for international applicants); GMP’s is ₹2,000, or ₹1,000 if you have already applied to PGDM, PGDM (BM) or PGPM.
Two need-based schemes run alongside: merit-cum-means financial assistance for PGDM participants in both years, and the Mirae Asset Foundation scholarship of ₹5 lakh each for two first-year and two second-year participants with family income under ₹8 lakh.
| Campus | Since | Programmes taught there |
|---|---|---|
| Mumbai — Bharatiya Vidya Bhavan Campus, Munshi Nagar, Dadabhai Road, Andheri West, 400058 | 1981 | All four full-time programmes, plus the doctoral programme and executive education |
| Delhi NCR | 2018 | Executive education only, including the weekend PGPGM; Delhi is also a PGDM interview location |
Eligibility by programme
A bachelor’s degree is the floor for all four; PGPM adds a three-year work-experience minimum and GMP asks for 55% in graduation and a second interview at the partner school.
| Requirement | PGDM and PGDM (BM) | PGPM | GMP |
|---|---|---|---|
| Degree | Bachelor’s with at least 50% or equivalent CGPA, any discipline, recognised university; minimum three years after 10+2 | Bachelor’s with at least 50% or equivalent CGPA, any discipline | Graduation in any stream with 55% and above |
| Work experience | Not mandatory — freshers and up to five years may apply | Minimum three years of relevant experience at the time the programme commences | Not mandatory |
| Tests accepted | CAT and GMAT | CAT and GMAT, including GMAT Focus Edition | GRE, GMAT, CAT, XAT or NMAT |
| GMAT delivery mode | In-person test centres only | Online, offline or Focus, via the GMAC portal | Valid score; English proficiency for US/Canada schools and a German visa |
| Score-report code | — | PGPM 6DQ-MJ-12 | GMAT 6DQ-MJ-52 · GRE 5020 · TOEFL C862 |
For PGDM, curriculum internships, training and project work, apprenticeships such as articleship, and unpaid work do not count as work experience. Final-year students may apply; the degree must be produced by 31 December of the admission year or the registration is cancelled.
CAT and GMAT qualifying scores
For PGDM the qualifying score is the 75th percentile in every section and the 85th overall, on CAT or GMAT — clearing the overall alone does not qualify.
| Test | Section 1 | Section 2 | Section 3 | Overall |
|---|---|---|---|---|
| CAT | Verbal Ability & Reading Comprehension 75 | Data Interpretation & Logical Reasoning 75 | Quantitative Ability 75 | 85 |
| GMAT | Verbal 75 | Quantitative 75 | — | 85 |
| GMAT Focus Edition | Verbal 75 | Quantitative 75 | Data Insights 75 | 85 |
The qualifying score earns consideration, not a call. Shortlisting also weighs academic consistency across 10th, 12th and every year of graduation, using the aggregate of all subjects on each mark sheet, along with the relevance of any work experience and non-academic achievement.
Application timeline
PGDM and PGDM (BM) applications for the batch of 2027-29 run from 15 September to 27 November 2026, with in-person interviews in January and February 2027.
SPJIMR admits on merit only. It has no quota, management or otherwise, and never appoints an intermediary to approach candidates with claims of confirmed admission, for a fee or otherwise. Applicants are shortlisted on profile and must meet the qualifying score in at least one accepted test; selected candidates are admitted directly into a specialisation. AICTE sets aside 36 seats above the sanctioned intake for international applicants, including PIOs, OCIs, children of Indian workers in the Gulf and foreign nationals.
| Stage | When |
|---|---|
| Applications open | 15 September 2026 |
| Applications close | 27 November 2026 |
| Interviews — Mumbai Phase 1, Kolkata | January 2027 |
| Interviews — Bengaluru, Delhi Phase 1, Delhi Phase 2, Mumbai Phase 2 | February 2027 |
| Programme starts | June 2027 |
PGPM admissions for the December 2026 batch have closed. GMP applications for the January 2027 cohort close on 5 November 2026.
Global Management Programme: the dual-degree route
GMP pairs six months at SPJIMR Mumbai with 6 to 18 months at a partner school in the USA, UK, Europe or Canada, and ends in two qualifications.
| Element | Detail |
|---|---|
| Duration and split | 12–24 months full time: 6 months at SPJIMR Mumbai and 6 to 18 months at an international partner school |
| Qualification | GMP certificate from SPJIMR and an MS or MBA from the partner school, with dual alumni status |
| Cohorts | January and June every year |
| Curriculum | Foundation and compulsory courses; German and French language training; a prep-term of six certified courses from Harvard Business Publishing |
| US pathway | STEM-designated programme in the USA, with 3-year OPT |
| Scholarships | Special scholarships of up to 70% from partner schools, and a special tuition rate there |
| Selection | Round I — interview with SPJIMR. Round II — interview by the partner school. Both must be cleared. |
| Region | Partner schools |
|---|---|
| USA | Brandeis International Business School · Stevens Institute of Technology, School of Systems & Enterprises · Robert H. Smith School of Business (University of Maryland) · USC Marshall School of Business · University of South Florida · University of Miami |
| Europe | ESB Business School · Nyenrode Business Universiteit · IESEG School of Management · EBS Universität |
| UK | Aston Business School |
| Canada | SFU Beedie School of Business (Simon Fraser University) |
Expected average salaries after the partner-school phase are $85,000 to $1,20,000 in the USA, €45,000 to €65,000 in Europe and £41,000 to £65,000 in the UK. These are foreign-currency outcomes and are not comparable with the rupee CTCs for the other three programmes.
SPJIMR placements by programme
PGDM and PGDM (BM) together placed 356 participants in 2024-26 at a ₹32.8 LPA median and ₹33.7 LPA average, with an ₹80 LPA highest and 163 pre-placement offers.
| Measure | Figure |
|---|---|
| Participants | 356 |
| Companies | 81 |
| Pre-placement offers | 163 |
| Median CTC | ₹32.8 LPA |
| Average CTC, whole batch | ₹33.7 LPA |
| Top 50% average | ₹39 LPA |
| Top 20% average | ₹45 LPA |
| Highest CTC | ₹80 LPA |
A per-programme set of 2024-26 figures is also published: a ₹32.85 LPA median for both programmes, averages of ₹33.6 LPA (PGDM) and ₹34.05 LPA (PGDM BM), and highest offers of ₹75 LPA and ₹65 LPA. The two programmes share one placement process, so choosing between them on salary is choosing on noise.
| PGDM batch | Batch size | Recruiters | Median CTC | Mean CTC | Highest CTC |
|---|---|---|---|---|---|
| 2023-25 | 342 | 80 | ₹29,13,675 | ₹31,21,336 | ₹89,00,000 |
| 2022-24 | 291 | 71 | ₹32,85,000 | ₹33,36,256 | ₹84,00,000 |
In 2023-25, by accepted offer, Consulting took 118 (35.44%), FMCG 60 (18.02%), BFSI 38 (11.41%) and General Management 34 (10.21%); by function, Marketing and Sales took 96, Information Management 89, Finance 77 and Operations and Supply Chain 71. Mumbai took 93 of 333 offers.
PGPM 2024-25: a ₹24.40 LPA average and ₹50 LPA highest, with a 119% average increase over incoming pay. Candidates arrive with at least three years’ experience, so this is a different measurement, not a worse outcome.
Summer internships, 2025-27: two sets of figures are published — a ₹1.75 lakh median and ₹7.2 lakh highest monthly stipend across 363 participants and 82 companies, and a ₹1.71 lakh median, ₹1.66 lakh average and ₹2.5 lakh highest across 361 participants and 81 companies.
Rankings and accreditation
SPJIMR’s two Financial Times rankings describe different programmes — FT Masters in Management #26 is PGDM’s, FT Global MBA #74 is PGPM’s.
| Ranking | Result | Programme |
|---|---|---|
| FT Masters in Management 2026 | #26 in the world, #2 in India; #1 in India for Careers Service, Alumni Network, Value for Money, and ESG and Net Zero Teaching | PGDM |
| FT Global MBA 2026 | #74 in the world; the highest new entrant in that year’s table | PGPM, the 18-month programme for experienced professionals |
| Fortune India Best B-Schools 2025 | #1 private B-school, #5 all-India | Institute |
| Business Today 2025 · India Today 2025 · Business World 2025 | #4 · #4 · #6 all-India | Institute |
If you are applying to PGDM, the relevant FT figure is the Masters in Management position, not the Global MBA #74, which belongs to a programme freshers cannot apply to.
SPJIMR was established in 1981 and is a constituent of Bharatiya Vidya Bhavan, a trust founded in 1938. It is a category-I AICTE management institute and holds AACSB, AMBA (UK) and EQUIS (EFMD) accreditation, the combination known as the Triple Crown. The Positive Impact Rating, a Swiss association that scores schools on societal impact as rated by their own students, places it at Level 5, its highest band.
Common mistakes SPJIMR applicants make
Most lost applications here are procedural — the wrong GMAT mode, the wrong programme or a missed deadline.
| The mistake | What actually applies |
|---|---|
| Quoting the FT #74 ranking for PGDM | That ranking is for PGPM. PGDM is #26 in the world and #2 in India in the FT Masters in Management 2026 table. |
| Clearing 85 overall and assuming you qualify | The 75th percentile is needed in every section as well as 85 overall. A 92 overall with a 70 sectional does not qualify. |
| Submitting an online GMAT for PGDM | PGDM accepts test-centre scores only; PGPM accepts online. The same score is valid for one programme and not the other. |
| Treating PGPM as simply the cheaper option | ₹22.66 lakh excludes mess and internship travel and boarding. |
| Quoting GMP as a ₹9.5 lakh programme | That is the six-month Mumbai component; the whole programme is about ₹28 lakh to ₹97 lakh. |
| Counting internships or articleship as work experience | Curriculum internships, training, project work, apprenticeships such as articleship and all unpaid work are excluded. |
| Assuming 10th and 12th marks no longer matter | Academic consistency across 10th, 12th and every year of graduation is assessed. |
Contact & address
Bhavan's College Campus, Munshi Nagar, Dadabhai Road, Andheri West, Mumbai 400 058, Maharashtra, India
Frequently asked questions
What is the SPJIMR PGDM fee for 2026-27?
₹24,86,000 for Indian participants and ₹34,77,500 for international participants, including tuition and basic hostel or accommodation. The fee is indicative and subject to revision, and it does not cover the optional Global Fast Track and International Exchange components. PGDM (Business Management) costs the same ₹24,86,000. The application processing fee is ₹2,500, or ₹5,000 for international applicants.
What CAT percentile is required for SPJIMR?
The 75th percentile in each of the three CAT sections — Verbal Ability and Reading Comprehension, Data Interpretation and Logical Reasoning, and Quantitative Ability — and the 85th percentile overall. Both bars must be cleared: 92 overall with 70 in one section does not qualify. Meeting the score is necessary but not sufficient, because shortlisting also weighs academic consistency across 10th, 12th and graduation, work experience and non-academic achievement.
What is the difference between SPJIMR PGDM and PGDM (BM)?
They cost the same, start the same month, take the same 0–5 years of work experience and share one placement process. The difference is curriculum: PGDM applicants choose two preferences from four specialisations when they apply, while PGDM (BM) admits 120 participants and lets them build their own mix of courses.
Is SPJIMR ranked #74 in the world?
Only for one programme. The FT Global MBA 2026 ranked SPJIMR #74 for PGPM, the 18-month programme for experienced professionals, and named it the highest new entrant in that table. The two-year PGDM is ranked separately: #26 in the world and #2 in India in the FT Masters in Management 2026 ranking.
Does SPJIMR accept an online GMAT score?
For PGPM, yes; for PGDM and PGDM (BM), no. PGDM accepts GMAT and GMAT Focus Edition scores only from tests taken in person at a test centre. PGPM accepts GMAT scores taken online, offline or in the Focus edition, sent through the GMAC portal with programme code 6DQ-MJ-12.
What work experience does SPJIMR require?
PGDM and PGDM (BM) require none — freshers and candidates with up to five years may apply. PGPM requires at least three years of relevant work experience when the programme starts. GMP does not require any. For PGDM, curriculum internships, training and project work, apprenticeships such as articleship and unpaid work do not count, and experience is proved with an offer letter, salary slips and an experience letter.
When do SPJIMR applications close for the 2027 intake?
PGDM and PGDM (BM) applications for the batch of 2027-29 opened on 15 September 2026 and close on 27 November 2026. Interviews are in person: Mumbai Phase 1 and Kolkata in January 2027, and Bengaluru, Delhi Phase 1, Delhi Phase 2 and Mumbai Phase 2 in February 2027. The programme begins in June 2027. GMP’s January 2027 cohort closes on 5 November 2026.
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