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

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10th Aug, 2022
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MBA Fee Structure in India: How Much Your MBA Will Cost?

When you research MBA fees structure, MBA fees in India, or cost of MBA in India, you must have always wondered if the degree is capable of offering returns on your investment. The answer, of course, lies in the affirmative. MBA has immense value and helps generate a lot of career options once you complete the same from a reputed institute. Choose the right specialisation, and you can set the ball rolling towards a successful career.

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.

Read: Check out the Scope of MBA for IT industry

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Why Is MBA So Popular?

MBA is one of the most valued courses at the PG level among students in India and even Indians studying abroad. Such aspirants believe this degree to offer them a direct opportunity to crack jobs in managerial positions at reputable businesses. However, you do need to keep in mind that the reputation of the MBA institute also matters greatly when you judge the possibility of getting placed after a degree from the same.

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.  

The ‘Costlier’ Factor

Getting an MBA degree from a top institute, and to some extent, from a mid-tier institute, too, means you have to shell out a hefty fee. Even before you begin the course, you spend a decent amount of money preparing for the MBA entrance examinations. The MBA cost in India or  MBA courses fees, includes many more headers over and above the tuition fees. These include-

  • Preparation costs
  • Opportunity cost
  • Value
  • Alumni network
  • Badge

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.

Our learners also read: Career after MBA!

Now, let’s take a look at the MBA course fee or  MBA fees structure, MBA cost in India, or MBA courses fees 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

Fee Structure for MBA in Government Colleges 2024 (Less than 1 Lakhs) 

Many state-sponsored management colleges are offering MBA courses for under 1 lakh per year. Some of the best-rated colleges offering good Return on Investment (ROI) concerning their MBA fees in India are: 

Name of the College 

State  

Annual Fees  

University of Delhi, Faculty of Management Studies  

New Delhi 

₹96,000 

University of Jammu 

Jammu 

₹78,071 

Jamia Millia Islamia University 

New Delhi 

₹65,100 

Maharaja Sayajirao University of Baroda, Vadodara 

Gujarat 

₹14,500 

Savitribai Phule Pune University, Department of Management Science 

Maharashtra 

₹66,194 

RKDF University, Bhopal 

Madhya Pradesh 

₹50,000 

Pondicherry University 

Pondicherry  

₹74,718 

Anna University 

Chennai 

₹20,500 

Ganpat University, Mehsana 

Gujarat 

₹95,000 

Indian Institute of Business Management and Studies, Mumbai 

Maharashtra  

₹50,800 

National Institute of Management and Research Studies, Mumbai 

Maharashtra  ₹40,700 

Guru Gobind Singh Indraprastha University 

New Delhi ₹70,000 

Punjab University 

Punjab ₹17,365 

 The average cost of MBA in India from government colleges is around ₹40,000 with the lowest of ₹15,000 by Maharaja Sayajirao University of Baroda. 

If you are looking for any central universities, then you can check out Banaras Hindu University offering MBA degrees at around ₹1,20,767 per year.  

MBA Fees in Private Colleges 2024 (Less than 10 Lakhs) 

There are several private business schools in India offering an MBA within 10 lakhs. Some of these institutions even compete with the IIMs and IITs, occasionally offering better return on investment (ROI) than them. 

Name of the College State  Total Course Fees  

Amity University, Noida 

Uttar Pradesh 

5.60 to 6 Lakhs 

Doon Business School, Dehradun  

Uttarakhand 

6.75 Lakhs 

International Management Institute, Kolkata 

West Bengal 

9.80 Lakhs 

Tata Institute of Social Sciences, Mumbai 

Maharashtra 

2 Lakhs 

Birla Institute of Technology and Science, Pilani 

Rajasthan 

5.08 Lakhs 

MIT World Peace University, Pune 

Maharashtra 

9.10 Lakhs 

Indira Institute of Management, Pune 

Maharashtra 

4.50 Lakhs 

Delhi Technical University 

New Delhi 

4.12 Lakhs 

Christ University, Bangalore 

Karnataka  

4.75 Lakhs 

Chandigarh University 

Punjab 

4.40 Lakhs 

Galgotias University 

Uttar Pradesh 

3.30 Lakhs 

AIMS Institute of Management Studies, Pune 

Maharashtra 

3.95 Lakhs 

Gems B-School 

Karnataka 

5.40 Lakhs 

International School of Business and Media, Kolkata 

West Bengal 

9.60 Lakhs 

 The average MBA course fees in India for private colleges range from 9 Lakhs to 20 lakhs with some private colleges like ISB having the total course fee for an executive program up to 34.60 Lakhs.  

MBA Fees Structure City-Wise 2024 

MBA Fees in Delhi

The capital state of India, Delhi, has a wide range of B-schools to choose from. The average cost of an MBA degree ranges from 6 Lakhs to 20 lakhs depending on the specialization and university. 

Some of the best-rated MBA colleges within the state capital of India are as follows. All these colleges come with a nominal cost of MBA in India.

Name of the College 

Course Fees 

IMI Delhi 

21 Lakhs 

IMT Ghaziabad 

21 Lakhs 

IIT Delhi 

11 Lakhs 

IIM Rohtak 

18 to 34 Lakhs 

JMI Delhi 

₹39,000 to 3 Lakhs 

G and R Institute of Management and Technology 

Around 1 Lakhs 

Indian Institute of Foreign Trade 

17.17 to 21.77 Lakhs 

Asian Business School 

8.25 Lakhs 

International Management Institute 

20.8 Lakhs 

Birla Institute of Management Technology 

13 to 14 Lakhs 

Soil Institute of Management 

15.4 to 15.33 Lakhs 

MBA Fees in Mumbai  

Known as the financial capital of the country, Mumbai offers many private as well as state and central government colleges offering MBA full-time degrees.  

Here are some of the top-rated B-schools: 

Name of the College Course Fees 

XLRI Xavier School of Management  

24 to 30 Lakhs 

SPJIMR Admission 

20 to 22 Lakhs 

NMIMS School of Business Management 

8 to 24 Lakhs 

Indian Institute of Management (IIM) Mumbai 

8.5 Lakhs 

K J Somaiya Institute of Management 

16.6 Lakhs 

Welingkar Mumbai 

 Up to 13 lakhs 

 N. L. Dalmia Institute of Management Studies and Research 

14.7 Lakhs 

ITM Business School Navi Mumbai 

11.95 Lakhs 

Universal Business School 

9 to 40 Lakhs 

Amity Global Business School 

7.5 lakhs 

Bharati Vidyapeeth’s Institute of Management Studies and Research 

4 lakhs 

MBA Fees in Kolkata  

The cultural capital of India, Kolkata offers some of the best MBA degrees within the country at low fees compared to other metropolitan cities. Some top-rated business schools in Kolkata, West Bengal and their corresponding MBA fees in India are: 

Name of the College Course Fees 

IIM Calcutta 

25 Lakhs 

International Management Institute 

9.8 lakhs 

Sister Nivedita University 

3.4 to 5.16 Lakhs 

Institute of Engineering and Management  

6 Lakhs 

International School of Business and Media 

9.6 Lakhs 

University of Calcutta 

₹33,000 

Indian Institute of Social Welfare and Business Management 

3 to 7.64 Lakhs 

St. Xavier’s University 

10.4 Lakhs 

Indian Institute of Foreign Trade 

21 Lakhs 

ICFAI Business School 

9.09 Lakhs 

MBA Fees in Pune  

Hailed as the “Oxford of the East”, Pune is a rapidly urbanized city known for its global business opportunities and educational facilities. Some of the best business colleges in Pune are: 

Name of the College Course Fees 

Symbiosis Institute of Business Management 

16 to 22 Lakhs 

National Institute of Bank Management 

13.72 Lakhs 

International Institute of Management Studies 

9 Lakhs 

National Insurance Academy- NIA 

9.4 Lakhs 

MIT- World Peace University 

9 to 14.25 Lakhs 

S.B Patil Institute of Management 

2 Lakhs 

Imperial School of Banking and Management Studies 

6.73 Lakhs 

Amity Global Business School 

7.24 Lakhs 

Western Business School 

5 to 6 Lakhs 

Christ-Lavasa 

8.4 Lakhs 

MBA Fees in Bengaluru  

Often referred to as the “Garden City” or the “Silicon Valley of India”, Bengaluru remains the number one choice for startups and is the country’s largest IT exporter. It also has some of the best-rated MBA colleges within the country like: 

Name of the College Course Fees 

IIM Bangalore  

24.5 Lakhs 

Christ University 

4.8 to 8.6 Lakhs 

Xavier Institute of Management and Entrepreneurship 

12.5 Lakhs 

Regional College of Management  

7.8 to 15 Lakhs 

IFIM College 

9.15 to 12.5 Lakhs 

International Institute of Business Studies 

9 Lakhs 

Presidency University 

5.3 to 7 Lakhs 

GIBS Business School 

8.9 Lakhs 

Indus Business Academy 

9.78 Lakhs 

Alliance School of Business 

15 to 18 Lakhs 

Part-Time Versus Full-Time MBA

While full-time programmes in MBA have been a traditionally favoured pick among graduates fresh out of college. More and more working executives and industry professionals  are willing to tap into MBA anew while they are still working. Some do take sabbaticals to pursue a full-time programme, but that is an exception. A part-time or executive MBA is gradually becoming available at top institutes with MBA fees in India or cost of MBA in India for the same variable from a full-time option.

Once completed, such a degree awards professionals the scope to tap better work opportunities, career progression and even target increased pay packages.

While you can draw a head-to-head comparison between both programmes, the crux of comparing falls flat. Therefore, simply judging a program on  the MBA fees structure, or cost of MBA in India is flimsy.

An executive programme will always appeal to a separate segment of aspirants with different goals and from different backgrounds. In contrast, a full-time MBA is preferable for people who still hope to gain academic experience. Therefore, depending on your target, priority, and what conditioning you currently have in mind—the MBA category choice becomes valid.

Why is upGrad a Better Option?

upGrad offers an excellent MBA From Golden Gate University 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 without  worrying about the high MBA cost in India, MBA courses fees, or MBA fees in India.

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.

Do MBA grades matter?

In order to take the benefit of the MBA degree to the fullest, you need to ensure consistently good grades during the course. Excellent academics get the ball rolling towards securing your credentials. Recruiters do consider the grades of a candidate besides looking into their skills and aptitude. Therefore, top reputed schools always keep such parameters in mind. Grades do matter in an MBA programme, along with other skills and performance.

Read: Career in marketing and its scope in the US market.

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.

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

Learn MBA Courses from the World’s top Universities. Earn Masters, Executive PGP, or Advanced Certificate Programs to fast-track your career.

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Frequently Asked Questions (FAQs)

1 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.

2What 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.

3What 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.

4What is an MBA?

The Master of Business Administration (MBA) is a postgraduate degree that is widely recognized and helps students develop the abilities necessary for management and business jobs. The benefits of an MBA extend beyond the realm of business. Those who want a management job in the public sector or in government and nonprofit organisations can benefit from an MBA. Applicants with at least a few years of work experience who want to advance their careers or change jobs into a new function, industry, area, or all three often enrol in an MBA program. Successful completion of an MBA might result in a significant pay increase and a much increased professional network.

5Who should apply for an MBA?

Those with a passion for business, who recognize the entrepreneurial drive, and managerial success that has been shown in practice over a long career as a leader should apply for an MBA. The majority of MBA and EMBA applicants are managers or have extensive management experience. Providing applicants with multidisciplinary training alternatives will enable them to function in more business activities or industrial sectors, which is one of the main objectives of the MBA program. An MBA program is the best option for students who want to prepare themselves for higher-level management responsibilities better and have vital academic records and peer references.

6Are there any scholarships for MBA?

According to MBA graduates and business schools, corporate sponsorship is the most popular and frequently advised funding source. Alternatively, you may be able to receive partial or complete sponsorship from other private firms that are intrigued by your academic background and eager to hire you for a business management role when you graduate. A small percentage of candidates may also be eligible for merit-based scholarships from business schools, which generally pay for a portion of the tuition cost depending on the money available. Separate from the admission application is a description of the application procedure.