(A) In case of a Master's degree (Full Time - 2 years or equivalent) from any IIMs/ IITs/ NITs or national level, the candidate will have to complete a total of 12 credits within one year from the date of admission.
| 4 Courses - 12 Credits | Level I | Level II | Level III |
| Foundation Courses (Compulsory) | PGP Approved / Online Courses (Electives) | Seminar Based | |
| 1 Course | 2 Courses | 1 Course | |
| 3 credits | 6 credits | 3 credits |
(B) In case of a Master's degree or equivalent in Economics, Commerce, Social Sciences, and Sciences from any recognized University/ Institution, the candidate will have to complete a total of 18 credits within one year from the date of admission
| 6 Courses - 18 Credits | Level I | Level II | Level III |
| Foundation Courses (Compulsory) | PGP Approved / Online Courses (Electives) | Seminar Based | |
| 2 Course | 3 Courses | 1 Course | |
| 6 credits | 9 credits | 3 credits |
(C) In the case of Graduates having B.Tech/BE or equivalent degree from IITs/ NITs or other national level institutes, the candidate will have to complete a total of 24 credits within one year from the date of admission.
| 8 Courses - 24 Credits | Level I | Level II | Level III |
| Foundation Courses (Compulsory) | PGP Approved / Online Courses (Electives) | Seminar Based | |
| 3 Course | 4 Courses | 1 Course | |
| 9 credits | 12 credits | 3 credits |
The credit requirement, as per the course outline, can be completed in the form of a project report and seminar (for continuous evaluation). For the final assessment, Ph.D. scholars shall appear for only the end semester examinations at IIM Mumbai, preferably during the regular examination period. The candidate can enrol for the courses which will be in line with the courses taught at IIM Mumbai or as per the expertise of the TAC members.
| Timeline | |
| 1 | Course Work |
| 2 | Area Comprehensive Examintaion |
| 3 | Registration cum Research Proposal Seminar (RCRP) |
| 4 | 1st Credit-cum-Progress Seminar |
| 5 | 2nd Credit-cum-Progress Seminar |
| 6 | 3rd Credit-cum-Progress Seminar |
| 7 | Pre-Synopsis of Thesis |
| 8 | Thesis Submission |
If the desired progress is not made by the Scholar as per the above timelines, it may lead to the cancellation of his/her admission. The final decision on the removal of a Ph.D. Scholar from the programme or for time extension will be taken by the Director as Chairman, Academic Council.