How much fees in this institution for MBA in management
Hi Gunjanisandhyarani,
Fee StructureThe fee structure of any college depends upon the brand of the college. 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.
The following is a list of colleges along with their fee structure,
|
Institute Name |
Fee (Rs. in lakhs) |
|
INDIAN INSTITUTE OF MANAGEMENT (IIM) AHMEDABAD |
23 |
|
INDIAN INSTITUTE OF MANAGEMENT (IIM) CALCUTTA |
21 |
|
INDIAN INSTITUTE OF MANAGEMENT (IIM) BANGALORE |
21.5 |
|
INDIAN INSTITUTE OF MANAGEMENT, LUCKNOW |
14.16 |
|
INDIAN INSTITUTE OF MANAGEMENT (IIM) INDORE |
16 |
|
INDIAN INSTITUTE OF MANAGEMENT (IIM) KOZHIKODE |
17 |
|
IIM RANCHI |
15.1 |
|
RAJIV GANDHI INDIAN INSTITUTE OF MANAGEMENT (IIM) SHILLONG |
14 |
|
INDIAN INSTITUTE OF MANAGEMENT (IIM) TRICHY |
14 |
|
IIM UDAIPUR |
13.54 |
|
IIM RAIPUR |
13 |
|
INDIAN INSTITUTE OF MANAGEMENT (IIM) KASHIPUR |
12.5 |
|
IIM VISAKHAPATNAM |
12 |
|
IIM NAGPUR |
11.5 |
|
IIM SIRMAUR |
10.34 |
|
IIM AMRITSAR |
10 |
|
IIM ROHTAK |
12.73 |
|
IIM BODHGAYA |
11 |
|
IIM SAMBALPUR |
11 |
|
IIM JAMMU |
12.75 |
|
S. P. JAIN INSTITUTE OF MANAGEMENT & RESEARCH (SPJIMR) MUMBAI |
17.5 |
|
MANAGEMENT DEVELOPMENT INSTITUTE (MDI) GURGAON |
21.34 |
|
NATIONAL INSTITUTE OF INDUSTRIAL ENGINEERING (NITIE) MUMBAI |
14.63 |
|
INTERNATIONAL MANAGEMENT INSTITUTE (IMI) NEW DELHI |
17.68 |
|
T A PAI MANAGEMENT INSTITUTE (TAPMI) MANIPAL |
16.9 |
|
INSTITUTE OF MANAGEMENT TECHNOLOGY (IMT) GHAZIABAD |
17.5 |
|
INSTITUTE OF RURAL MANAGEMENT ANAND (IRMA) |
12.1 |
|
GOA INSTITUTE OF MANAGEMENT (GIM) GOA |
15.98 |
|
FORE SCHOOL OF MANAGEMENT, NEW DELHI |
15.98 |
|
LOYOLA INSTITUTE OF BUSINESS ADMINISTRATION (LIBA) CHENNAI |
12.71 |
|
BHARATHIDASAN INSTITUTE OF MANAGEMENT (BIM) TRICHY |
10.6 |
|
K J SOMAIYA INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH (KJSIMSR) MUMBAI |
13.66 |
|
LAL BAHADUR SHASTRI INSTITUTE OF MANAGEMENT (LBSIM) NEW DELHI |
11.67 |
|
INSTITUTE FOR FINANCIAL MANAGEMENT AND RESEARCH (IFMR) CHENNAI |
12 |
|
INSTITUTE OF MANAGEMENT TECHNOLOGY (IMT) NAGPUR |
14 |
|
BIMTECH Greater Noida |
12 |
|
INTERNATIONAL SCHOOL OF BUSINESS & MEDIA (ISB&M) PUNE |
9.1 |
|
IFIM BUSINESS SCHOOL (IFIM B SCHOOL) BANGALORE |
9.5 |
|
XAVIER INSTITUTE OF MANAGEMENT ENTREPRENEURSHIP (XIME) BANGALORE |
10 |
|
BALAJI INSTITUTE OF MODERN MANAGEMENT (BIMM) PUNE |
6.6 |
|
FACULTY OF MANAGEMENT STUDIES (FMS) NEW DELHI |
1.92 |
|
SHAILESH J MEHTA SCHOOL OF MANAGEMENT (IIT BOMBAY) MUMBAI |
16 |
|
JAMNALAL BAJAJ INSTITUTE OF MANAGEMENT STUDIES (JBIMS) MUMBAI |
6 |
|
DEPARTMENT OF MANAGEMENT STUDIES (IIT DELHI) NEW DELHI |
8 |
|
VINOD GUPTA SCHOOL OF MANAGEMENT (VGSoM) IIT KHARAGPUR |
6 |
|
XAVIER INSTITUTE OF MANAGEMENT (XIM) BHUBANESWAR |
17.3 |
|
SYDENHAM INSTITUTE OF MANAGEMENT STUDIES AND RESEARCH AND ENTREPRENEURSHIP EDUCATION (SIMSREE) MUMBAI |
1.36 |
|
INSTITUTE FOR TECHNOLOGY & MANAGEMENT (ITM) NAVI MUMBAI |
8.95 |
|
AIMS SCHOOL OF BUSINESS (AIMS) BANGALORE |
8.5 |
|
SDM INSTITUTE FOR MANAGEMENT DEVELOPMENT (SDMIMD) MYSURU |
9.66 |
|
INDUS BUSINESS ACADEMY (IBA) BANGALORE |
6.71 |
|
JAIPURIA INSTITUTE OF MANAGEMENT (JAIPURIA) NOIDA |
8.7 |
|
INSTITUTE OF MANAGEMENT STUDIES (IMS) GHAZIABAD |
7.5 |
|
KIIT SCHOOL OF MANAGEMENT (KSOM) BHUBANESWAR |
12.01 |
|
SCMS COCHIN SCHOOL OF BUSINESS (SCMS) COCHIN |
7.5 |
|
VIT BUSINESS SCHOOL (VIT) VELLORE |
5.98 |
All the very best!!
It totally depend on what type of institution you are in for your degree.Likewise, IIMs are the top B schools for MBA course but their fees is 20 lakhs and above(though you can get loans once you get a good percentile).There is also college like FMS which is also one of the best B school but it fees is very low like 10k per year.And also there are Private colleges where fees differs ranging from 6 lakhs to 15 lakhs.
I hope this helps.
If you are thinking about MBA, then a good college like IIM will charge fees from 20 lakh to 25lakhs for two year program. The other private mba colleges also have high fees structure. But there are few colleges which has low fees too. So the fees depends on respective college. The fees may range from 20,000 to 25 lakhs.
Here is a list of top mba colleges:-
- Indian Institute of management, ahmedabad
- Indian Institute of management, banglore
- Indian Institute of management, calcutta
- Indian Institute of management, khozikhode
- Indian Institute of management, lucknow
- Indian Institute of management, indore
- Indian Institute of technology, delhi
- Delhi school of economics, delhi
Hope this helps.. All the best
