How to get admission into the best MBA colleges In India and what is the fee structure of collegs?

Hi Deepika,

The admission process for MBA in top MBA colleges usually opens every year in the month of July/August and closes after 2-3 months from the opening date. Colleges such as IIFT, IIMs, XLRI, NMIMS, SIBM among others open their admission process in the month of July-August. There are other MBA colleges like FMS, MDI, SPJIMR, IMI, IMT, begin their admission process in the month of September-October and complete it in December. If you wish to do MBA from one of the top MBA colleges in India, you should be aware about their admission process and understand how their admission process flows.

Here is a general sequence of steps that most of the B-School follows for the intake of their fresh batch,

The admission process in top MBA colleges open in August/September first week and closes in November last week. Candidates who desire to seek admission in top MBA colleges should register and apply for the relevant MBA entrance exams like CAT/XAT/IIFT/NMAT/SNAP within the specified registration window. Many National level MBA entrance exams like CAT, XAT close their registration process in September and November respectively. Usually CAT registration process remains open for 45 to 50 days.

The next step towards pursuing management courses like PGDM/MBA from top MBA colleges must appear in CAT, XAT, NMAT or other relevant entrance exam.

Shortlisting Process

After the results of MBA exam are declared, most of the top B-schools shortlists the suitable candidates for final admission round. This is done on the basis of exam scores, academics, diversity, work experience among other parameters as per the respective B-school admission policy and weightage criterion. The process is completed by each institute individually.

All the shortlisted candidates shall have to appear in the Group Discussion (GD), Written Ability Test (WAT) followed by Personal Interview (PI). Some of the B-schools like FMS will conduct GD & Extempore before PI round while few other like MDI will conduct GD-PI and a few like IMI will conduct Psychometric test also. Some IIMs like IIM Shillong, IIM Kozhikode also conduct GD round based on the WAT. After the final selection round, a weightage is awarded to entrance scores, academic profile & diversity, work experience and gender diversity, and a final merit list is generated. Based on this merit list, admission offers are made by the respective B-schools to the deserving candidates. Also, a waiting list is prepared which contains the names of the students whose admission offers will be made automatically if few students in the original list offer to back out.

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

All the very best!!

Most regular MBA programs are so costly that students who want to pursue it may waiver because of this. Eager students may take up loans but is it worth spending your salary repaying the loans you have taken for further studying. I think opting for Executive MBA would be an ideal option.

For those of you who don’t understand this term, it is a program designed for working professionals and the classes are only held over the weekends. Weschool WelingkarOnline institute thus giving you a chance to continue working and learning at the same time.

Visit Official Website to Know the Best MBA College In India and the Fees Structure. http://bit.ly/2MQSF4u