MBA Fee Structure in India: How Much Your MBA Will Cost?

An MBA degree is one of the most coveted and valued degrees not only in India but all across the world. While career options after MBA is bright, it comes at a price – a hefty one at that! 

When it comes to pursuing an MBA, the MBA free structure in India is one of the crucial deciding factors for many aspirants. It is the MBA course fee in India that determines which B-school one will be selecting. And with the substantial investment that you will make in terms of money and 2-years of dedicated effort, you would expect to receive the befitting ROI – campus life, faculty members, infrastructure, and of course, placement.

MBA Fee Structure in India

It is a known fact that top B-schools in the country (for instance, IIM), demand a much higher course fee as compared to average management institutions.  

Generally, the MBA course fee in India presents an extensive range – it may range anywhere from Rs. 5 LPA to even Rs. 25 LPA! Obviously, the low-end fee is demanded by mediocre institutions and colleges, whereas the high-end course fee is reserved for cream institutes like ISB and IIMs.

However, these figures merely present the MBA course fee, excluding taxes, accommodation charges, cost of meals, study materials, and other additional charges. On adding all the extra charges, the fee may range anywhere around Rs. 7 LPA to Rs. 30 LPA, depending upon the program you choose. 

Granted that most reputed B-schools charge high MBA course fees in India, on completion of the course, they do promise a high ROI – the average salary for freshers hailing from such schools ranges between Rs. 20-22 LPA.

Now, let’s take a look at the MBA course fee in India of some of the top-ranking colleges to gain a better idea about the fee structure of colleges offering MBA courses in India.

 

InstitutionCourse Fee
IIM AhmedabadRs. 21 lakh
IIM BangaloreRs. 19.50 lakh
IIM CalcuttaRs. 19 lakh
XLRI JamshedpurRs. 16.8 lakh
Great Lakes Institute of Management, ChennaiRs. 16.50 lakh
IIM KozhikodeRs. 16 lakh
MDI GurgaonRs. 15.96 lakh
SPJIMR MumbaiRs. 14.5 lakh
IIFT DelhiRs. 14.50 lakh
IIM IndoreRs. 14 lakh
Goa Institute of ManagementRs. 13.85 lakh
IIM RohtakRs. 10.5 lakh
IIM RanchiRs. 9.70 lakh
IIM UdaipurRs. 9.50 lakh
IMNU, AhmedabadRs. 8.9 lakh
NITIE MumbaiRs. 8.10 lakh
VGSoM, IIT KharagpurRs. 6.72 lakh
DoMS, IIT MadrasRs. 6 lakh
DMS, IIT DelhiRs. 4.39 lakh
DoMS, IIT RoorkeeRs. 4.18 lakh
DMS, IISc. BangaloreRs. 3 lakh

Why is upGrad a Better Option?

upGrad offers an excellent MBA program that is perfect for individuals who are on a serious time crunch – it is an online course, hence ideal for busy professionals! The fact that upGrad offers its MBA course online denotes the amount of flexibility you’ll get while pursuing it. You can take the course at your convenience and pace – the course demands only 10-15 hours of time commitment per week. 

As is true of all upGrad courses, the MBA course, too, is well-structured and designed to cater to the evolving needs of aspirants competing in the modern-day rat race. The course features over 1000 hours of learning and training imparted by the top mentors in the field. Not just that, the program also offers more than 200 hours of live faculty interaction along with one-on-one interaction sessions with industry mentors.

To ensure that candidates get hands-on training, they are given 20 projects to work on. All together – projects, assignments, case studies, and live interaction sessions – it makes for an excellent learning experience for those who wish to pursue the best MBA course. 

To add to that, upGrad’s dedicated faculty members and mentors provide 360-degree career support to individual candidates. Also, they give personalized feedback to each candidate to help them understand their progress and motivate them. As for placement assistance, mock interviews, resume building sessions, and even offline events are conducted from time to time to encourage peer-to-peer networking.

Wrapping Up

 Just as on-campus courses offer job placements, upGrad also provides the same. With over 250 hiring partners, candidates get plenty of opportunities to land well-paying jobs such as International Business Manager, Business/Management Consultant, Senior Business Development Executive, Brand Manager, and much more. Still want more reasons to do this MBA? Read more on 5 Prominent Reasons to do Executive MBA.

 So, if you are a working professional, this MBA course is definitely worth a shot!

Is an MBA in India expensive?

It is a known fact that investing in an MBA could involve some bit of money. This is because of MBA factors like facilities, infrastructure laid-out, placement assistance, staff expertise, etc. All of these are provided by B-schools. So some MBAs are pocket-friendly, whereas some are expensive. Out of all the B-schools in India, only a few would ensure top-notch teaching, access to experts from industries, and a healthy placement in the course. It is important to understand the expenses before signing up so that there are no surprises later and you believe in what you are spending for.

What is the general fee structure for an MBA in India?

Generally, an MBA course fee in India offers an extensive range. A full-time MBA course in India could range anywhere between Rs 2 lakhs to Rs 40 lakhs. These figures merely present the MBA course fee without taxes, hostel fees, meals, purchasing study materials, and much more. There are many other additional charges you could incur during your course. So a full-time MBA can be a substantial investment for which you may consider taking a student loan.

What are the costs involved?

MBA course costs are multiple. As regards the curriculum itself, there are preparation costs. These involve offering an updated curriculum, finding the apt faculty, providing access to experts from the industry, etc. For the institute, there are costs involved in maintenance, setting up relevant infrastructure, and offering advanced systems. There are personal costs involved that are related to accommodation, travel, preparation, etc. If you quit your job to pursue an MBA, you also need to factor in the loss of salary for that period of time.

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