The IIM Mumbai One-Year Executive MBA in Wealth Management

1. The Market Opportunity: Bridging the Advisory Gap

India is witnessing a seismic shift in capital formation. The High-Net-Worth Individual (HNI) population is projected to surge by 75%, growing from approximately 350,000 in 2020 to 611,000 by 2025.1 Simultaneously, the Ultra-HNI segment (assets >$30M) is expected to reach 19,000 by 2026.1

This wealth explosion is accompanied by a structural pivot in asset allocation. Indian households are moving from physical assets (gold, real estate) to financial instruments, evidenced by a 16% annual growth in mutual fund assets from FY17 to FY24.2 However, a capability gap remains: 43% of HNIs save less than 20% of their income due to behavioral biases and lack of professional structuring.1 This creates an acute demand for competent wealth managers capable of navigating complex tax, legal, and investment landscapes.

2. Institutional Pedigree

IIM Mumbai (formerly NITIE) has cemented its status as a premier business school, securing the 6th rank in the Management category in NIRF 2024.3 The institute's transformation into an IIM enhances the "Diploma Capital" for graduates, providing immediate credibility with UHNW clients. The program is led by a faculty team including Director Prof. Manoj Kumar Tiwari, recognized among the top 2% of researchers globally, ensuring a curriculum grounded in rigorous quantitative and strategic research.5

3. Program Architecture

Designed for the working professional, the program minimizes opportunity cost through a weekend-based, on-campus, non-residential format.6

• Format: Classes held on Saturdays and Sundays.

• Location: Mumbai, providing access to guest lecturers from headquarters of major banks and SEBI.

• Structure: A rigorous 77-credit curriculum divided into four modules and a Capstone Project.7

4. Curriculum Highlights

The curriculum moves beyond standard distribution to high-level advisory skills 8:

• Foundation (Module 1): Focuses on Business Statistics, Linear Optimization, and Behavioral Finance, training advisors to manage client psychology during market volatility.

• Strategy (Module 2): Covers Asset Allocation Methodologies, Macro Economics, and Estate Planning—critical for managing inter-generational wealth transfer.

• Advanced Advisory (Modules 3 & 4): Deep dives into Derivative Strategies for hedging, Investment Tax Planning, and Alternative Investment Funds.

• Capstone Project: A 20-credit integrative project requiring students to synthesize legal, tax, and investment strategies for complex client scenarios.7

5. Financial Investment and ROI

The program offers a compelling Return on Investment (ROI) for mid-career professionals.

• Fee Structure: The total fee is ₹15.00 Lakhs for the annual payment option. A module-wise payment plan is available at ₹16.00 Lakhs.9

• Payback Period: With senior wealth roles commanding salaries between ₹22-30 Lakhs (and up to ₹50 Lakhs for top-tier roles) 10, the payback period is estimated at approximately 1.5 years.

• Payment Schedule (Batch 2026):

• Seat Booking: ₹1,00,000 (Nov/Dec 2025).

• 1st Installment: ₹7,00,000 (Jan 2026).

• 2nd Installment: ₹7,00,000 (July 2026).9

6. Admissions and Timeline (2026 Batch)

The admission process selects for experience and aptitude.

• Eligibility: Bachelor's degree with minimum 2 years of relevant work experience.5

• Selection Process: Candidates must clear the IIM Mumbai Admission Test (IMAT), followed by a Personal Interview designed to assess leadership and advisory potential.

• Key Dates:

• Applications Open: August 1, 2025.11

• IMAT Exam: January 2026.11

• Program Commencement: April 2026.11