Do you know the cost of studying MBA in India? Why it is the most popular post-graduate degree in the country? What makes it one of the toughest and most expensive degrees in our country? Let’s find out!
The cost of an MBA program in India is between INR 20,000 and INR 40 lakh for two years of full-time study. MBA programs given by universities and government colleges have affordable tuition, however, those same programs at private institutions are more expensive.
Infrastructure, dormitory accommodations, extracurricular activities, and pedagogy are just a few of the variables that affect MBA college costs in India.
For instance, if an MBA college provides a program that requires candidates to spend a semester or other amount of time studying abroad, the course fee for that institute will be high. On the other side, if the government is funding the MBA institute, the costs will be minimal.
Yes, financial aid provided by the state or the federal government to run their academic program is a big factor in the low MBA fees of government institutions and universities.
MBA applicants who intend to enroll in an MBA program for the following academic year must start looking for the best MBA colleges now. MBA tuition costs will play a significant role in guiding your search and conclusion.
It is hard to discuss MBA colleges in India without mentioning the Indian Institute of Management (IIM), one of the country’s top MBA institutions.
The cost of an MBA at an IIM can range from INR 11 lakh to INR 23 lakh. There are 20 IIM campuses in India. While IIM Sirmaur’s PGP program costs INR 11 lakh, IIM Ahmedabad’s MBA program costs INR 23 lakh.
Other than IIMs, top B-Schools’ MBA tuition
In addition to the IIMs, top B-Schools include FMS Delhi, XLRI Jamshedpur, MDI Gurgaon, SPJIMR Mumbai, and IIFT Delhi. These institutions provide the best in terms of facilities, professors, instruction, exposure to other countries, and job placements.
The MBA tuition at these business institutions ranges from 11 to 35 lakh rupees. FMS-Delhi is the lone exception, with an annual cost of INR 20, 960. Look at the MBA tuition costs for some of the best business schools outside of IIMs in India.
- FMS-Delhi – INR 20,960
- XLRI Jamshedpur-Xavier School of Management – INR 23.60 lakh
- MDI-Gurgaon – INR 19.80 lakh
- Symbiosis Institute of Business Management-Pune – INR 17.06 lakh
- NMIMS Mumbai-School of Business Management – INR 19.76 lakh etc.
MBA tuition less INR 10 lakh
Most of the MBA schools in this price range are IIT management study programs. In addition to being more affordable than those offered by private B-Schools, these institutions’ MBA programs are also highly placed in the MHRD-NIRF yearly ranking and provide great placement possibilities.
Look at these schools offering MBAs for less than INR 10 lakh:
- IIT Delhi – Department of Management Studies – INR 8.80 lakh
- IIT Bombay – Shailesh J. Mehta School of Management -INR 8.32 lakh
- IIT Kharagpur-Vinod Gupta School of Management – INR 6.19 lakh, etc.
- MBA tuition less INR 5 lakh
Popular institutions like Symbiosis International University (Deemed), and Prin. L N Welingkar, Christ University, Chandigarh University, and Amity University are among the MBA colleges in this price range.
These universities provide a variety of MBA programs for reasonable tuition costs. Look at these schools offering MBAs for less than INR 5 lakh:
- Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai – INR 3.00 lakh
- Christ University, Bangalore – INR 3.10 lakh
- International School of Management and Research-ISMR – INR 3.00 lakh etc.
- MBA tuition of fewer than Rs. 1 lakh
The majority of MBA programs in state or central university departments with fees under INR 1 lakh are management studies departments.
These institutions are accepted by the University Grants Commission despite their affordable tuition (UGC). Look at a few of the well-known MBA schools with costs under INR 1 lakh.
- Jamia Millia Islamia-JMI – INR 33,170
- Amity University – INR 54,000
- Institute of Management Studies, Banaras Hindu University – INR 98,888, etc.
Want to explore the future cost of studying MBA around the world? Check out the college cost calculator and find out the real costs of studying!
