JBIMS is one of the oldest B-schools in India with a legacy of over 52 years. JBIMS was established in 1965 by the University of Mumbai. JBIMS has been consistently ranked among the top 10 premier B-Schools in India and it holds a 19th rank in IIRF 2024 among the top Govt. B-Schools. JBIMS was the first institute in India to provide a full-time 2-year Master in Management Studies (MMS). JBIMS is known for its low fees and its distinguished alumni base. JBIMS MMS fee is INR 6.10 lakhs whereas the JBIMS average package stood at INR 28.02 LPA and JBIMS highest package stood at INR 35.75 LPA in the 2023 placement drive. 

JBIMS MMS admission is based on the MAH-MBA CET, CAT, and GMAT, followed by a Common Admission Process (CAP), conducted by DTE, Maharashtra. JBIMS CAT cut-off is 95 percentile and MAH-MBA CET cutoff is 99.99 percentile

JBIMS Mumbai

JBIMS Highlights

Particulars Statistics 
Established Year 1965
Students Intake 150 - 160 (MMS)
MMS Fees INR 6.1 Lakhs
Ranking  19 by IIRF 2024
Number of Courses 5
Total Faculty  45
Scholarship Available on Merit-basis
Highest Package (2023) INR 35.75 LPA
Top Recruiters Accenture, Adani, Asian Paints, Axis Bank, Citibank, Cisco, HDFC Bank, McKinsey & Company, HCL, NPCL, etc.

JBIMS Important Dates 2024

Events Dates
JBIMS MHRD Entrance Test (Offline at JBIMS Campus) September 16, 2024 (Tentative)
JBIMS MHRD Entrance Test Result Declaration September 22, 2024 (Tentative)
In-person Assessment September 30, 2024 - October 01, 2024 (Tentative)
Commencement of Program (Tentative) Mid October 2024
Read More

JBIMS Fees 2024

The following table represents the JBIMS Fees for the batch 2024:

Courses Fees
MMS INR 3.05 Lakhs per annum
MSc Finance INR 3.04 Lakhs per annum
MHRD INR 3.50 Lakhs per annum 
Ph.D. INR 17,680 (First Year) and INR 15,355 (from Second Year onwards)

JBIMS Courses 2024

JBIMS offers 5 courses, MMS, Part-time MMS, MSc Finance, MHRD, and Ph.D. The highlights of the major courses offered by the institute are mentioned below:

Courses Program Details
MMS Intake: 150 - 160
Eligibility: Bachelor’s degree
Selection Criteria: MAH-MBA CET + CAP
Part-time MMS Intake: 60 (MMS-IM), 120 (MMS-FM), 120 (MMS-MM), 60 (HRDM)
Eligibility: Graduation and 2 years of work experience.
Selection Criteria: Mock Test + Common Entrance Test + Group Discussion
MSc Finance Intake: 40
Eligibility: Graduation with Mathematics as one of the subjects.
Selection Criteria: MH-CET/ CAT + WAT + GD + PI

Check: JBIMS detailed Courses & Fees

JBIMS admissions are based on the entrance exam like MAH-MBA CET, CMAT, CAT, and GMAT and the selection is done through a Common Admission Process (CAP). The admission process has been explained below:

Admission Stage Description 
Application Form The candidates should complete the application form by visiting the institute's official website. 
Entrance Exam The candidates will have to clear the MAH-MBA CET examination. 
Selection Process The candidates will be selected through the Common Admission Process (CAP) by DTE, Maharashtra. 
Result The merit list of the selected candidates will be released and the provisional admission offer will be sent to the selected students. 

Check: JBIMS detailed Admission 

JBIMS Cut-off 2024 (Expected)

JBIMS cut-off for its MMS program is 99.99 percentile for MAH-MBA CET. The cut-off for all the MMS specializations is mentioned in the table below:

Courses MAH-MBA CET Cut-off
MMS Finance 99.99
MMS Human Resource Management 99.99
MMS Operations 99.99
MMS Marketing  99.99

The Maharashtra state cutoff for MHT CET MBA/ MMS (Round 1) 2023 is as follows:

Category  Maharashtra State Cut-off (Round 1)
General 99.90
SC 99.46
ST 96.34
OBC 99.77
PWD 99.26
PWD OBC 98.83
EWS 99.79
TFWS 99.86
Orphan  97.59

Check: JBIMS detailed Cut-off 

JBIMS Placements 2023

JBIMS Placements 2023 concluded with more than 55 recruiters visiting the campus and made 150 offers. Most offers were made in the BFSI (43%) and Consulting (31%) sectors. JBIMS average package stood at INR 28.02 LPA and JBIMS highest package stood at INR 35.75 LPA. 

Particulars Placement Statistics 2023
Batch Size 150
Total Recruiters 55+
Highest CTC INR 35.75 LPA
Average CTC INR 28.02 LPA
Median CTC INR 27.60 LPA
Major Recruiting Sector BFSI (43%) and Consulting (31%) 
Top Recruiters Accenture, Adani, Asian Paints, Axis Bank, Citibank, Cisco, HDFC Bank, McKinsey&Company, HCL, NPCL, etc.

JBIMS placement statistics for the last 3 years are mentioned below:

Year Highest CTC Average CTC
2023 INR 35.75 LPA INR 28.02 LPA
2022 INR 42 LPA INR 27.63 LPA
2021 INR 44 LPA INR 23.16 LPA
2020 INR 32 LPA INR 18.91 LPA

Check: JBIMS detailed Placement Report 

JBIMS Ranking 2024

JBIMS has been ranked 19th by IIRF 2024 among the top Government MBA Colleges in India. The other JBIMS ranking is mentioned in the table below:

Ranking Body Year Category Rank
IIRF 2024 Top Govt. B-School 19
IIRF 2023 Top Govt. B-School 10
Outlook 2023 Top Govt. MBA College 10

Check: JBIMS detailed Ranking

JBIMS Vs TISS Vs XLRI

The following table represents the comparison between JBIMS, TISS, and XLRI:

Particular  JBIMS TISS XLRI 
Ranking 10 (Management) by Outlook 2023 98 (Overall) by NIRF 2023 9 (Management) by NIRF 2023
Established Year 1965 1936 1949
Admission Process MAH-MBA CET + CAP TISS NET + Online Assessment XAT + Personal Interview 
Intake 150 - 160 (MMS) 68 600 (HRM & BM)
Cut-off MAH-MBA-CET: 99.93 percentile TISS-NET: 63 percentile XAT: 88 -95 percentile
MBA Fees INR 6.10 Lakhs INR 1.89 Lakhs INR 28.6 Lakhs 
Highest Package INR 35.75 LPA INR 49 LPA INR 75 LPA
Average Package INR 28.02 LPA INR 27.22 LPA INR 29.89 LPA
Scholarships  Available on Merit-basis Financial assistance is available 23 scholarships offered 

Life at JBIMS

Life at JBIMS is hectic and pushes the students beyond their limits. The days at JBIMS are not tied down with a fixed timetable. The students receive the schedule for each day the night before. The days at JBIMS usually include guest lectures, company presentations, post-class discussions, and club activities. Read More

JBIMS FAQs

Ques. Does JBIMS accept CAT scores?

Ans. No, JBIMS does not accept CAT scores, they only accept MAH-MBA CET for MBA admissions.

Ques. What are the MBA fees in JBIMS?

Ans. The MBA fee at JBIMS is INR 6,10,000 for the 2-year program.

Ques. What is JBIMS known for?

Ans. JBIMS is known for its low fees and its distinguished alumni base.

Ques. Is there 100% placement in JBIMS?

Ans. In 2023 placement, JBIMS showed 100% placement.

Ques. Being a final-year student, can I apply to JBIMS?

Ans. Yes, the candidates who are in the final year of their graduation can apply to JBIMS.

Ques. What are the specializations offered under the JBIMS MMS program?

Ans. JBIMS flagship full-time MMS Programme offers specializations under distinguished areas such as Marketing, Finance, Operations & SCM, Human Resources, and Systems & IT.

Ques. Is CET compulsory for JBIMS?

Ans. Yes, CET is compulsory for JBIMS as it is the only exam that JBIMS accepts for admission into its MBA program.

Ques. What is the highest package in JBIMS?

Ans. In the 2023 placement drive, the highest package in JBIMS stood at INR 35.75 LPA.

Ques. What are the cut-off marks for JBIMS?

Ans. The MAH-MBA CET cut-off for JBIMS is 99.93. 

Ques. Which exams are accepted by JBIMS?

Ans. JBIMS accepts the MAH-CET exam for admission into MMS and MSc programs. JBIMS also accepts CAT for MSc Finance admission. 

Ques. What is the average age of MBA students in JBIMS?

Ans. The average age of the MBA students in JBIMS is 25 years. 

Ques. Is there any interview for JBIMS?

Ans. The JBIMS admissions are held through MAH-MBA CET followed by CAP conducted by DTE. The CAP process usually includes a written ability test, a group discussion, and a personal interview.

Ques. Which MBA is offered by JBIMS?

Ans. JBIMS offers a Master in Management Studies (MMS) and it is also available on a part-time basis.

Ques. What is the gender ratio of JBIMS?

Ans. There were 85% males and 15% females in the 2021-23 batch. So the male-to-female gender ratio is 5:1. In the 2022-24 batch, there are, 83% males and 17% females, so the male-to-female ratio is 4:1. 

Ques. What is the average package of JBIMS?

Ans. In the 2023 placement drive, the average package at JBIMS was INR 35.75 LPA. 

Ques. What is the intake capacity for MMS at JBIMS?

Ans. The intake capacity for the MMS program at JBIMS is 150 - 160. In the 2022-24 batch, there are a total of 159 students, whereas in the 2021-23 batch, there were 150 students.

Ques. How are placements in JBIMS?

Ans. In the 2023 placement drive at JBIMS, more than 55 recruiters visited the campus and made 150 offers. Most offers were made in the BFSI (43%) and Consulting (31%) sectors. JBIMS average package stood at INR 28.02 LPA and JBIMS highest package stood at INR 35.75 LPA.

Ques. How are summer placements in JBIMS?

Ans. In the summer placements for batch 2022-24, the highest stipend at INR 7.93 lakh, the average stipend stood at INR 2.26 lakh, and the median stipend stood at INR 2.14 lakh. 

Ques. How to get into MSc Finance at JBIMS?

Ans. MSc Finance admission at JBIMS is based on MH-CET/ CAT scores, followed by a + Written ability test, a Group discussion, and a Personal Interview.

Ques. What is the fee for MSc in Finance at JBIMS?

Ans. The fee for MSc Finance at JBIMS is INR 3,04,000 per annum.

Ques. What is MSc Finance in JBIMS?

Ans. MSc Finance is a 2-year full-time program, which is uniquely designed to shape future financial leaders. 

Ques. What is the average package of MSc Finance in JBIMS?

Ans. The average package of JBIMS MSc Finance in 2023 was INR 21.36 LPA.

Ques. Who is eligible for MSc in Finance in JBIMS?

Ans. The candidates who have completed Graduation with Mathematics as one of the subjects are eligible to apply for MSc Finance at JBIMS.

Ques. How good is JBIMS for Finance?

Ans. In the 2023 placement drive at JBIMS, the MSc Finance students grabbed the highest package of INR 27 LPA and the top 20% of the students received a package of INR 25.18 LPA. The average package stood at INR 21.36 LPA and the median package stood at INR 21 LPA.

Ques. What are the job roles offered after MSc Finance in JBIMS?

Ans. The job roles offered to the JBIMS MSc Finance students are as follows:

  • Management Consulting
  • Wealth Management
  • Credit Analyst
  • Financial Planning & Analysis
  • Wholesale Banking
  • Credit Analytics
  • Product Management
  • Management & Strategy
  • Equity Research
  • Risk Management
  • Analytics and Sales
  • Digital Transformation
  • Relationship Manager

Ques. Which entrance exam is accepted by JBIMS for Finance?

Ans. JBIMS accepts MH-CET and CAT exams for MSc Finance admission. 

Ques. What is the highest package of MSc Finance at JBIMS?

Ans. In the 2023 placement drive, the highest package grabbed by the MSc Finance student is INR 27 LPA

Ques. Which is better MMS or MSc Finance at JBIMS?

Ans. MMS is a better option if an individual wants to gain knowledge in various areas of management and MSc Finance is a better option if an individual wants to pursue a career in finance.

Ques. What is the intake of MSc Finance at JBIMS?

Ans. The intake for MSc Finance at JBIMS is 40 students. But there were 27 students in the 2021-23 batch.

Ques. How is the summer placement for MSc Finance students at JBIMS?

Ans. The summer placement for the 2022-24 batch stood with the highest stipend of INR 2.5 lakh and the average stipend of INR 85,300 Lakhs. 

Ques. What are the prominent companies that hire MSc Finance students for summer internships at JBIMS?

Ans. Some of the JBIMS prominent recruiters for MSc Finance include ALPHA, CEAT, Axis Finance, CREDIBLE, JM Financial, Vedanta, TARA, HDFC ERGO, ARITRAA, etc.

Ques. Does JBIMS provide hostel facilities?

Ans. JBIMS Mumbai hostel facilities are available only for the top 25% of students who do not live in Mumbai. The hostel allotted to these students is J S Hall Marine Drive opposite the Churchgate station. Students are charged INR 6000 to INR 8000 per year. 

Ques. Does JBIMS provide scholarships?

Ans. Yes, JBIMS provide scholarship to meritorious students. Also, there are interest-free loans provided to the Economically Backward, Merit Oriented, Needy & Deserving MMS Students of the Institute.

Ques. What are the companies that visit JBIMS for final placement?

Ans. Some of the top companies that visit JBIMS for final placement are Accenture, Adani, Asian Paints, Axis Bank, Citibank, Cisco, HDFC Bank, McKinsey & Company, HCL, NPCL, etc.

Ques. What is the average work experience of JBIMS students?

Ans. The average work experience of JBIMS students is 17 months. 

Ques. How was the sector-wise placement at JBIMS?

Ans. The data for the sector-wise placement in 2023 is mentioned in the table below:

Sectors Placement Percentage
BFSI 43%
Consulting 31%
FMCG & Pharma 13%
Manufacturing & Conglomerate 7%
IT & E-Commerce 6%