fee structure of your college for MBA course

Hi Janagam,

The tution fees for Institute of management, nirma university is 4,76,000/ annum. To know more about mba admissions 2020 (https://management.nirmauni.ac.in/admission-aid/postgraduate/mba-and-mba-hrm/) , you can download our brochure online from just one click.

Visit: https://management.nirmauni.ac.in/admission-aid/postgraduate/mba-and-mba-hrm/

Thank you

Hello Janagam Naresh,

The fee structure in any B-school in India depends upon the following factors,

1. Brand of the B-School
2. Type of program

When we are talking about the brand of the B-School, we refer to the rank and category of the B-School. For example, the old IIMs (Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode and Indore) have more or less a similar fee structure when we compare to different private colleges like, NMIMS, SIBM, SP-Jain and others. The newer IIMs have comparatively a lower fee structure compared to the old IIMs. Thus, in effect when we are referring to the Brand of the B-Schools, their rankings in-effect play a significant role in the fee that they demand for their programs. The gamut of fee structure is quite wide for MBA in India. It begins from INR 22,000 to INR 22,00,000 approx. for a 2-year MBA program. Because of their popularity and brand image, these B-Schools have a very high demand amongst the MBA aspirants and the competition is very severe to get into the best of them. Also, the fee structure doesn’t remain the same for a B-School and it changes and evolves every year. For example, private B-Schools have seen a growth of 5% to 6% on their program fees when compared to the previous year. Even IIMs have increased their fee structure substantially over the course of last 3 to 4 years. The figure of fees which we are talking over here is just the academic fees and it is exclusive of any hostel and other accommodation fees that the student might want to avail if they are studying in a residence-based B-School. But many B-Schools provide attractive scholarships to their meritorious students and thus can provide a sigh of relief.

If we look at the top 20 B-Schools in India, FMS-Delhi stands out as it has the lowest fees amongst all the B-Schools countrywide and is approximately INR 22,000. It has one of the best MBA programs in the country and is recognised a popular institute because of its rich academic and alumni base. It provides a 2-year MBA program to its students. In the similar lines, JBIMS Mumbai offers its flagship MBA program at approximately INR 6 lakhs. ISB – Hyderabad is also one of the most reputed B-Schools in the country and is much recognised for its flagship one-year program that it offers to its students. Its fees is the highest amongst any B-School in the country reaching to approximately INR 25 lakhs. The other private B-Schools like NMIMS-Mumbai, SIBM-Pune, XLRI, XIMB, Great Lakes Chennai have a fee structure of similar lines of approximately INR 19 to INR 20 lakhs for their two-year programs. The IIMs on average have a fee structure of around INR 15 to INR 16 lakhs and the newly born IIMs have an even lower fee structure to approximately around 10 lakhs. If we look at the B-Schools that fall below the top 20 category, they have a comparatively lower fee structure. BIMTECH, IFMR Chennai, TAPMI Manipal, IRMA Anand offer their MBA programs at around INR 10 to INR 12 Lakhs each. If we move further down, we can even find colleges offering their programs in the range of INR 5 Lakhs to even below that. Hence brand of the college supported by its rating in the country matters the most when it comes to deciding their fee structure.

When it comes to selecting the program, there are variety of programs on offer by different B-Schools in our country. From flagship two-year PGDM, PGP programs to one-year PGDM programs to even part time and executive programs. The part time and executive programs haven’t received much attention in India as there are not many good programs offered by colleges and even the demand for them is ordinary. On the other hand, combined MBA programs such as 5-year program (Engineering + MBA) has gained some momentum in few private colleges in India.