IES Mumbai (Indian Education Society), established in 1912, is one of India's oldest public charitable trusts dedicated to education. With a legacy spanning over a century, IES successfully manages 64 institutions across the country. Among these, the IES Management College and Research Centre (IESMCRC), located in Mumbai, has emerged as a premier business school committed to academic excellence and value-based education.
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). According to The Week, IESMCRC was ranked 7th among top business schools in Mumbai.
For the batch of 2024, IES average package stood at INR 7.2 LPA and some of the top recruiters like Deloitte, TCS, ICICI Bank, Godrej, Kotak, Zee, GSK, HDFC Bank participated in the placement drive.
IES received the "Most Valuable Institute in Pharmaceutical Management 2021" award from Network 7 Media Group. Additionally, faculty members have been honored for their contributions; for instance, Dr. Suhas Pai was awarded the "Most Admired Professor in Marketing" at the World Marketing Congress in 2021.
IES Mumbai Fees 2025
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 |
₹4,75,000 per year |
| PGDM in Pharmaceutical Management |
2 years |
₹4,25,000 per year |
| Ph.D. in Management Studies |
Minimum 3 years |
₹72,000 per year |
| Professional Certificate Program in Business Analytics |
11 months (part-time) |
₹57,000 total fee |
IES Mumbai Courses 2025
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-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, or MAH-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 examinations, |
| Professional Certificate Program in Business Analytics |
Graduates in any discipline from recognized universities with a minimum of 50% aggregate marks. |
- |
IES Mumbai Admission 2025
Below is the step by step application process for IES Mumbai:
| 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: ₹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. |
IES Mumbai Cut off 2025
The institute accepts a minimum 50% for admission in all the available courses. The following table represents the IES Mumbai CAT cutoff:
| CAT |
General-AI |
60 |
60 |
60 |
| OBC-AI |
40 |
40 |
40 |
| SC-AI |
40 |
40 |
40 |
| ST-AI |
40 |
40 |
40 |
| PWD-AI |
40 |
40 |
40 |
| EWS-AI |
40 |
40 |
40 |
IES Mumbai Placements 2025
IES Management College and Research Centre (IES MCRC), Mumbai, has a robust placement record. Below is a summary of the placement statistics:
| Placement Year |
Highest Salary Package |
Average Salary Package |
Top Recruiters |
| 2022 |
₹10 LPA |
₹7.5 LPA |
P&G, Deloitte, HDFC Bank, BYJU's, Aditya Birla Group |
| 2024 |
₹18.33 LPA |
₹7.20 LPA |
Deloitte, TCS, ICICI Bank, Godrej, Kotak, Zee, GSK, HDFC Bank |
IES Mumbai Rankings 2025
Here's a quick look at the rankings of IES Management College and Research Centre (IES MCRC), Mumbai, by various reputed agencies. These rankings reflect the institute'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 Mumbai 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 Mumbai 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 IESMCRC and what are their fees?
IESMCRC offers a variety of programs: the PGDM (₹4.75 lakh/year), PGDM in Pharmaceutical Management (₹4.25 lakh/year), a Ph.D. in Management Studies (₹72,000/year), and a Professional Certificate Program in Business Analytics (₹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. 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?
IESMCRC boasts a strong placement record. In 2024, the highest salary package offered was ₹18.33 LPA, while the average stood at ₹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 IESMCRC received recently?
In 2025, IES Mumbai was ranked 53rd all-India by Times of India and 90th by 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 IESMCRC and its faculty?
The institute 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 IESMCRC compare with Pillai Business School and Vivekanand Business School?
While all three offer PGDM programs, IES Mumbai stands out in terms of established legacy, placement performance (₹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 in 2025?
Interested candidates can apply online via the official website (mcrc.ies.edu). The application fee is ₹2,200. After submitting entrance exam scores, shortlisted candidates are invited for a personal interview. Final selection includes document verification and fee payment.
