Fee Structure Overview
The Indian Institute of Technology Mumbai maintains a transparent and affordable fee structure for all undergraduate programs. The fees are designed to be accessible while ensuring quality education and infrastructure development.
| Semester | Tuition Fee (INR) | Hostel Fee (INR) | Mess Fee (INR) | Medical Fee (INR) | Other Charges (INR) | Total Fee (INR) |
|---|---|---|---|---|---|---|
| First Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
| Second Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
| Third Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
| Fourth Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
| Fifth Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
| Sixth Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
| Seventh Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
| Eighth Semester | 120000 | 50000 | 30000 | 5000 | 5000 | 210000 |
Hostel and Mess Charges
The institute provides comfortable accommodation through its hostel facilities. Hostels are equipped with modern amenities including Wi-Fi, laundry services, gymnasiums, and recreational spaces.
Hostel Fee Structure
- Single Occupancy: INR 50,000 per semester
- Double Occupancy: INR 40,000 per semester
- Triple Occupancy: INR 30,000 per semester
Mess Fee Structure
The mess charges cover meals for all seven days of the week. Students can opt for different meal plans based on their preferences.
- Standard Plan: INR 30,000 per semester
- Premium Plan: INR 40,000 per semester
- Veg Plan: INR 25,000 per semester
Return on Investment (ROI) Analysis
The ROI for IIT Mumbai graduates is exceptionally high due to the strong placement outcomes and earning potential. Based on average placement packages and total fees paid, students can expect a return of approximately 2.8x over their investment.
Example Calculation
Total Fees Paid = INR 1,680,000 (8 semesters x INR 210,000)
Average Package = INR 1,200,000
Number of Years to Break Even = 1.4 years
ROI = 2.8x
Factors Influencing ROI
- Placement packages in top companies
- Opportunities for higher studies or entrepreneurship
- Global recognition of the degree
- Access to internships and industry exposure
- Networking through alumni networks