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Hi Gunjanisandhyarani,
The 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
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
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
INSTITUTE OF RURAL MANAGEMENT ANAND (IRMA)
12.1
GOA INSTITUTE OF MANAGEMENT (GIM) GOA
15.98
FORE SCHOOL OF MANAGEMENT, NEW DELHI
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
INSTITUTE OF MANAGEMENT TECHNOLOGY (IMT) NAGPUR
BIMTECH Greater Noida
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
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
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
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
VIT BUSINESS SCHOOL (VIT) VELLORE
5.98
All the very best!!
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