Indian Education Society's Management College and Research Centre (IES MCRC), founded in 1998 in Mumbai, is a premier business school committed to academic excellence and value-based education. It is part of the Indian Education Society (IES), one of India's oldest public charitable trusts established in 1912, with a legacy spanning over a century and the management of 64 institutions nationwide.
IES offers full-time programs, including the Post Graduate Diploma in Management (PGDM) and the Post Graduate Diploma in Management (Pharmaceutical Management), both approved by the All India Council for Technical Education (AICTE). Admissions are based on entrance exams such as CAT, CMAT, XAT, ATMA, MAT, GMAT and MAH MBA CET, followed by a Personal Interview (PI).
According to The Week, IES MCRC was ranked 7th among the top business schools in Mumbai. IES received the "Most Valuable Institute in Pharmaceutical Management 2021" award from Network 7 Media Group. Additionally, faculty members have been honoured for their contributions; for instance, Dr. Suhas Pai was awarded the "Most Admired Professor in Marketing" at the World Marketing Congress in 2021.
IES MCRC also maintains a strong placement record. For the batch of 2024, the IES Mumbai average package stood at INR 7.2 LPA, and some of the top recruiters like Deloitte, TCS, ICICI Bank, Godrej, Kotak, Zee, GSK, and HDFC Bank participated in the placement drive.
CAT 2025 registration started on 1 August, 2025, (10:00 AM), and the window will remain open until 13 September, 2025, (till 5:00 PM). Candidates will be able to download their admit cards between 5 November and 30 November, 2025. The exam is scheduled to be conducted on 30 November 2025. The results are expected to be declared in the first week of January 2026. The CAT registration fee has been increased to INR 2,600 for General category candidates and INR 1,300 for SC, ST, and PwD candidates.
XAT 2026 application form was released on 10 July, 2025. XAT 2026 exam is scheduled on 4 January 2026. Eligible candidates can register themselves via online mode, as there is no offline method provided. Xavier Aptitude Test (XAT) is conducted by XLRI Jamshedpur at the University Level. XLRI Jamshedpur organises XAT exam once in every year via online (CBT) mode.
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IES MCRC Highlights 2025
Particulars | IES Mumbai Highlights 2025 |
Year of Establishment | 1998 |
Campus | Located at 'Vishwakarma' M. D. Lotlikar Vidya Sankul, 791, S. K. Marg, Bandra Reclamation, Mumbai - 400050, Maharashtra |
Accreditation | National Board of Accreditation (NBA) |
Affiliation | University of Mumbai |
Approval | AICTE |
Flagship Courses | Post Graduate Diploma in Management (PGDM) and PGDM in Pharmaceutical Management |
Fees | PGDM: INR 9,02,000 for the complete duration; PGDM (Pharmaceutical Management): INR 8,02,000 for the complete duration |
Awards | Recognized as "India’s Most Admirable Brand 2020" in the education sector by Brand Story, and awarded "Most Valuable Institute in Pharmaceutical Management 2021" by Network 7 Media |
Placements | The highest salary package offered was INR 18.33 LPA, with an average salary package of INR 7.20 LPA |
Selection | Admissions are based on valid scores from entrance exams such as CAT, CMAT, XAT, ATMA, MAT, GMAT, or MAH MBA CET, followed by a personal interview |
Application Mode | Online applications can be submitted through the official website |
Official Website | |
How to Reach |
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IES MCRC Fees 2025
The fees for the PGDM programs is INR 4,75,000 annually, while the Professional Certificate Program in Business Analytics has a total fee of INR 57,000. The table below highlights key details about the programs offered at IES Mumbai, including their duration and fee structure:
Program Name | Duration | Fees |
Post Graduate Diploma in Management (PGDM) | 2 years | INR 4,75,000 per year |
PGDM in Pharmaceutical Management | 2 years | INR 4,25,000 per year |
Ph.D. in Management Studies | Minimum 3 years | INR 72,000 per year |
Professional Certificate Program in Business Analytics | 11 months (part-time) | INR 57,000 total fee |
IES MCRC Courses 2025
IES MCRC offers Post Graduate Diploma in Management (PGDM), PGDM in Pharmaceutical Management, Ph.D. in Management Studies and Professional Certificate Program in Business Analytics. Candidates must have completed their graduation to be eligible for PGDM programs and hold a valid score in CAT, XAT, CMAT, MAT, ATMA, GMAT or MAH MBA CET. Here is the list of courses for IES Mumbai along with their selection and eligibility criteria.
Program Name | Eligibility Criteria | Selection Criteria |
Post Graduate Diploma in Management (PGDM) | Bachelor's degree with a minimum of 50% marks from a recognized university | Valid scores in CAT, XAT, CMAT, MAT, ATMA, GMAT, or MAH MBA CET |
PGDM in Pharmaceutical Management | Bachelor's degree in B.Pharm, B.Sc. (Biology, Chemistry, Biochemistry, Biotechnology), B.E. (Biomedical, Biotechnology), or MBBS with at least 50% marks | Valid scores in CAT/ XAT / CMAT / MAT / ATMA / GMAT/ MAH MBA CET |
Ph.D. in Management Studies | M.Phil. degree from a UGC-recognized university | Candidates must have cleared the Ph.D. entrance test in management from the University of Mumbai, or have qualified in SET/NET/JRF exams |
Professional Certificate Program in Business Analytics | Graduates in any discipline from recognized universities with a minimum of 50% aggregate marks | NA |
IES MCRC Admission 2025
IES MCRC admissions are based on merit and entrance exams, followed by a Personal Interview (PI). The institute accepts scores from CAT, CMAT, XAT, MAT, ATMA, GMAT, MAH MBA CET, etc. The different stages of the IES MCRC admission process are tabulated below:
Stage | Details |
Eligibility Criteria | - Educational Qualification: Bachelor's degree with a minimum of 50% marks from a recognized university.
- Accepted Entrance Exams: CAT, CMAT, XAT, MAT, ATMA, GMAT, MAH MBA CET. |
Application Process | - Online Application: Complete the application form available on the official IES MCRC website.
- Application Fee: INR 2,200, payable online via credit/debit card or net banking, or offline through DD/NEFT. |
Selection Procedure | - Shortlisting: Based on entrance exam scores.
- Personal Interview (PI): Shortlisted candidates are invited for a PI, which may include document verification. |
Final Admission | - Confirmation: After successful completion of the PI and document verification.
- Fee Payment: Payment of admission fees to secure the seat. |
CAT 2025 Registration
Candidates planning to appear for CAT 2025 can find complete details about the registration process below:
- Notification Release: The official CAT 2025 notification was released by IIM Kozhikode on July 27, 2025.Registration Start Date: The online registration window opened on August 1, 2025.
- Last Date to Apply: Candidates must complete their registration by 13 September, 2025.
How to Register:
- Registration is online only via the official CAT portal.
- A valid and unique email ID and mobile number are mandatory to begin the registration process.
- Upon registration, candidates will receive a User ID and Password to log in and complete the application form.
Important Guidelines:
- Candidates can fill the form in multiple sessions — progress will be saved automatically.
- Double-check all details before paying the application fee, as no edits will be allowed after payment.
- Incomplete or incorrect information may lead to immediate rejection of the application.
- SC/ST/PwD candidates must upload valid category certificates during registration. Category changes are not allowed post-registration.
- A correction window will be provided after registration closes, but only for limited time.
XAT 2026 Registration
- XLRI Jamshedpur has released the XAT 2026 application form on July 10, 2025. The registration can be completed only through online mode—no offline option is available.
- To begin, candidates must first create XAT login credentials. The registration process is divided into three stages. Once logged in, applicants should fill in the form with personal, contact, and academic details.
- Candidates must upload correct documents, including a recent photograph and signature, to avoid form rejection.
- In case of errors, a correction window will be provided for making necessary changes.
- The last date to submit the XAT 2026 application form is likely December 5, 2025. After submission, it is advised to download and keep a printout of the form for future reference during the admission process.
- Registration fee of XAT 2026 is same for all category candidates.
- Online facility is available to submit the fee.
- INR 2,200 is the application fee for all candidates.
- Online payment gateways such as Debit Cards (Rupay/ Visa / Master Card / Maestro), Credit Cards, Internet Banking, IMPS, Cash Cards/ Mobile Wallets) are available.
The following table represents the application fee for various categories:
IES MCRC Cutoff 2025
IES Mumbai accepts a minimum 50% for admission in all the available courses. The following table represents the IES Mumbai CAT cutoff:
Exam | Category | Marks |
CAT | General-AI | 60 |
OBC-AI | 40 | |
SC-AI | 40 | |
ST-AI | 40 | |
PWD-AI | 40 | |
EWS-AI | 40 |
IES MCRC Placements 2025
IES Management College and Research Centre (IES MCRC), Mumbai, has a robust placement record. However, IES MCRC placements for 2025 are currently in progress. Below is a summary of the placement statistics for 2024 and 2023:
Year | Highest Package | Average Package | Top Recruiters |
2022 | INR 10 LPA | INR 7.5 LPA | P&G, Deloitte, HDFC Bank, BYJU's, Aditya Birla Group |
2024 | INR 18.33 LPA | INR 7.20 LPA | Deloitte, TCS, ICICI Bank, Godrej, Kotak, Zee, GSK, HDFC Bank |
IES MCRC Rankings 2025
Here's a quick look at the rankings of IES Management College and Research Centre (IES MCRC), Mumbai, as reported by various reputable agencies. These rankings reflect IES Mumbai's consistent performance, academic quality, and growing reputation among India's top business schools.
Ranking Agency | Year | All India Rank | Mumbai Rank | Remarks |
Outlook | 2025 | 123 | - | Featured in the list of top management institutes. |
IIRF | 2025 | 90 | - | Included among leading management colleges. |
Times of India | 2025 | 53 | 12th | Highlighted in the Times B-School rankings. |
The Week | 2024 | 68 | 9th | Ranked among top B-Schools in India. |
Business Today | 2024 | 206 | 35th in Maharashtra | Listed among top B-Schools in Maharashtra. |
IES MCRC vs Pillai Business School vs Vivekanand Business School
The following table represents the comparison between IES Mumbai, Pillai Business School and Vivekanand Business School:
Particulars | IES MCRC, Mumbai | Pillai Business School, Navi Mumbai | Vivekanand Business School (VBS), Mumbai |
Established Year | 1998 | 1998 | – |
Ownership | Private | Private | Private |
Total Courses | 3 (MBA: 2 Courses) | 3 (MBA: 1 Course) | 2 (MBA: 1 Course) |
Course Credential | Diploma | Diploma | Diploma |
Course Level | PG | PG | PG |
Duration | 2 years | 2 years | 2 years |
Mode | Full Time, Classroom | Full Time, Classroom | Full Time, Classroom |
Median Salary | INR 7.30 LPA | – | – |
Highest Salary | INR 10.00 LPA | INR 24.00 LPA | INR 21.00 LPA |
Course Fees (Total) | INR 7 - 9 Lakh | INR 5.00 Lakh | INR 9.50 Lakh |
Accepted Exams | XAT, MAH CET, GMAT, MAT, CMAT, CAT, ATMA | XAT, MHT CET, MAT, CMAT, CAT, ATMA | XAT, MAH CET, GMAT, MAT, CMAT, CAT, ATMA |
Eligibility (General) | Graduation with 50% | Graduation | Graduation with 50% |
Approved by | AICTE | – | AICTE |
IES MCRC FAQs
What makes IES Mumbai a reputed institution for management studies?
IES Mumbai, under the umbrella of the Indian Education Society (established in 1912), is one of the oldest public charitable trusts in India dedicated to education. Its Management College and Research Centre (IESMCRC) is known for academic excellence, value-based learning, and consistent rankings. It is ranked among the top B-Schools in Mumbai by The Week and MBAUniverse.com.
Which courses are offered by IES MCRC, and what are their fees?
IES MCRC offers a variety of programs: the PGDM (INR 4.75 lakh/year), PGDM in Pharmaceutical Management (INR 4.25 lakh/year), a Ph.D. in Management Studies (INR 72,000/year), and a Professional Certificate Program in Business Analytics (INR 57,000 total). These cater to students aiming for both academic advancement and industry-specific skills.
What is the eligibility and selection process for PGDM courses at IES Mumbai?
To apply for PGDM or PGDM in Pharmaceutical Management, candidates must hold a bachelor’s degree with at least 50% marks. The IES MCRC selection is based on valid scores in CAT, XAT, CMAT, MAT, ATMA, GMAT, or MAH MBA CET, followed by a personal interview round.
How is the placement record at IES Mumbai?
IES MCRC boasts a strong placement record. In 2024, the highest salary package offered was INR 18.33 LPA, while the average stood at INR 7.20 LPA. Top recruiters include Deloitte, ICICI Bank, TCS, Godrej, Zee, HDFC Bank, and GSK, reflecting the institute’s industry linkage and career support.
What rankings has IES MCRC received recently?
In 2025, IES Mumbai was ranked 53rd all-India by the Times of India and 90th by the IIRF. It was also listed by Outlook and Business Today. Notably, it ranked 9th in Mumbai according to The Week, affirming its local and national standing.
What are the key awards won by IES MCRC and its faculty?
IES MCRC has earned accolades like “India’s Most Admirable Brand 2020” and “Most Valuable Institute in Pharmaceutical Management 2021.” Additionally, Dr. Suhas Pai, a faculty member, was awarded “Most Admired Professor in Marketing” by the World Marketing Congress.
How does IES MCRC compare with Pillai Business School and Vivekanand Business School?
While all three offer PGDM programs, IES Bandra stands out in terms of established legacy, placement performance (INR 7.3 LPA median), approvals (AICTE), and student satisfaction. It also features a more extensive curriculum and consistent industry recognition.
How can prospective students apply for admission to IES Mumbai?
Interested candidates can apply online via the official IES MCRC website (mcrc.ies.edu). The application fee is INR 2,200. After submitting entrance exam scores, shortlisted candidates are invited for a personal interview. Final selection includes document verification and fee payment.