MDAE Mumbai (MDAE), Mumbai, was established in 2014 as a specialised institute focused on applied economics and industry-oriented learning. The academy was founded by economist Lord Meghnad Desai and offers postgraduate programmes in economics, data science and finance. MDAE is located at 305 Lok Centre, Marol Maroshi Road, Marol, Mumbai, Maharashtra.
MDAE currently offers two PGDM programmes: PGDM in Economics and PGDM in Data Science & Finance. Both programmes are listed as one-year full-time courses in the course information provided. Candidates need a graduation degree with at least 50% marks to apply. Admission is conducted through the MDAE entrance examination, while candidates with valid CAT or GMAT scores can be exempt from appearing for the institute's entrance test.
MDAE follows a rolling admission process with early-bird and regular admission cycles. The source states that around 60% of seats are filled during the early-bird cycle and the remaining 40% during the regular cycle. Selection considers academic performance, entrance-exam scores and the Personal Interview. Work experience is not mandatory for admission.
The academy has a dedicated placement committee and provides 100% placement assistance. The source also reports a 90% placement or internship rate and lists recruiters such as JP Morgan, Morningstar, Deloitte, Deutsche Bank, Reliance Industries, Aditya Birla Group, Fractal Analytics, Morgan Stanley, NSE, Axis Bank and ICICI Bank.
MDAE Mumbai Highlights 2026
MDAE was established in 2014 and operates as a specialised economics and management institute in Mumbai. It currently offers two PGDM programmes, with admission based on the MDAE entrance examination or eligible CAT/GMAT scores.
The source identifies MDAE's academic association with the Department of Economics (Autonomous), University of Mumbai and partnership with the Gokhale Institute of Politics & Economics.
MDAE Mumbai Courses and Fees 2026
MDAE offers two PGDM programmes in economics, data science and finance. The source lists both programmes as one-year full-time courses. However, it does not provide a current fee figure for either programme.
MDAE Mumbai Admission 2026
MDAE follows a rolling admission policy with two admission cycles. The source states that approximately 60% of seats are filled through the early-bird cycle and the remaining 40% through the regular admission cycle. Applications are submitted online. Candidates first complete an admission enquiry form and then receive the application form by email. The application requires two essays.
Candidates with valid CAT or GMAT scores, or those appearing for either examination, are exempt from the MDAE entrance examination according to the supplied admission information.
MDAE Mumbai Eligibility 2026
Candidates applying to the PGDM programmes must have a graduation degree with at least 50% marks. The source does not specify a compulsory undergraduate subject or discipline.
Work experience is not mandatory for admission to MDAE. The institute reviews an applicant's academic profile during the shortlisting process.
MDAE Mumbai Cutoff 2026
MDAE does not publish a fixed 2026 CAT or GMAT cutoff in the supplied source. The academy conducts its own entrance examination and determines its selection based on entrance performance, academic profile and Personal Interview.
The source states that MDAE establishes cutoffs for its own entrance examination each year based on factors such as the number of applicants, available seats, examination difficulty and candidate performance. Therefore, no specific 2026 cutoff score should be presented as an official figure.
MDAE Mumbai Placements 2026
MDAE has a dedicated placement committee that provides 100% placement assistance. The committee supports students across sectors including consulting, finance, research and policy, and data science.
The supplied source gives two different placement references. Its opening section reports a 90% placement and interview rate for 2024-25, while the FAQ states a 90% placement or internship rate and mentions a highest CTC of up to INR 15.50 LPA. The detailed 2025 placement section itself does not provide a batch-wise salary table. Therefore, the INR 15.50 LPA figure should be treated as a source-reported outcome rather than a verified 2025-26 placement statistic.
Major recruiters listed include JP Morgan, EM Capital Advisors, M&G Global Services, Vimana Capital, RBI, Morgan Stanley, Colliers, Deutsche Bank, Deloitte, Praxis, Ambit, NSE, Morningstar, Axis Bank, ICICI Bank, Edelweiss, Marcellus and Royal Bank of Scotland.
MDAE Mumbai Scholarships 2026
MDAE offers merit-based and need-based financial assistance according to the supplied source. The listed scholarships include the Chanakya Scholarship, which provides a 50% fee waiver, and the Adam Smith Scholarship, which provides a 33% fee waiver. A need-based bursary can provide up to a 90% scholarship.
MDAE Mumbai FAQs
When was MDAE Mumbai established?
MDAE Mumbai was established in 2014 in Mumbai. The academy focuses on applied economics and industry-oriented education.
What courses does MDAE Mumbai offer?
MDAE offers two PGDM programmes: PGDM Economics and PGDM Data Science & Finance. Both are listed as one-year full-time programmes.
What is the eligibility for MDAE admission?
Candidates need a graduation degree with at least 50% marks to apply for the PGDM programmes. Work experience is not mandatory.
Which entrance exam is accepted by MDAE Mumbai?
MDAE conducts its own entrance examination. Candidates with valid CAT or GMAT scores can be exempt from appearing for the MDAE entrance test.
What is the MDAE PGDM fee?
The supplied source does not provide a current PGDM fee for MDAE. Therefore, no fee amount is stated as the verified 2026 fee.
What is the duration of the MDAE PGDM?
The course table in the supplied source lists both PGDM Economics and PGDM Data Science & Finance as one-year full-time programmes.
Is work experience required for MDAE admission?
No. The source states that work experience is not required for any course at MDAE Mumbai.
What is the MDAE placement rate?
The source reports a 90% placement and interview rate for 2024-25 and states that MDAE provides 100% placement assistance.
What is the highest package at MDAE Mumbai?
The supplied FAQ reports a highest CTC of up to INR 15.50 LPA. The source does not provide a detailed batch-wise salary report supporting this figure.
Which companies recruit from MDAE Mumbai?
Recruiters listed in the source include JP Morgan, Deloitte, Deutsche Bank, Morgan Stanley, NSE, Axis Bank, ICICI Bank, Morningstar and Royal Bank of Scotland.
Does MDAE offer scholarships?
Yes. The source lists the Chanakya Scholarship with a 50% fee waiver, Adam Smith Scholarship with a 33% waiver and a need-based bursary of up to 90%.
Where is MDAE Mumbai located?
MDAE is located at 305 Lok Centre, Marol Maroshi Road, Marol, Mumbai, Maharashtra 400059.
