MBA Fees of Top B-Schools in India

One of the most sought-after degrees in the world is a Master of Business Administration (MBA). India is home to famous internationally ranked MBA colleges that provide phenomenal management education. Though the MBA tuition fees at India’s leading B-schools are somewhat costlier, an MBA degree opens up a wide range of job prospects. There has been a rapid change in the business environment over the years, and MBA degrees are always in great demand in corporate companies to guarantee efficient functioning of the organisation, ensuring proper and efficient administrative operations. Several institutes, including IIMs, XLRI, and FMS, have been founded in India to accommodate the ever-increasing demand for the MBA.

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Aside from government-run MBA programmes, plenty of other private MBA programmes have been established, including NITIE, SPJMER, and others. It should be mentioned that around 3.5 lakh MBA applicants apply to various colleges across the country each year. MBA is a highly professional course, and as a result, MBA course fees are a little higher. For the benefit of aspirants, the approximate fees structure for some of India’s top MBA colleges in India is listed in this article.

Fee Structure for Top 15 MBA Colleges in India

Without any doubt, it is the dream of every management aspirant to pursue their MBA in one of the top management institutions due to the quality of education offered and the assured placements with better remuneration. MNCs and corporate companies are always on the lookout for MBA experts with management degrees from a reputable top MBA college. The degree adds a lot of weight to your resume and improves your employment prospects. When you get enrolled in a top management school, you have access to the school’s alumni network, which can provide you with unique careers development possibilities and help you raise your profile. Reputable colleges have alumni connect programs and established global alumni networks, who have established their careers in leading corporate companies, and they help students advance their job prospects. The following table will give you an overview of the fee structure of the top 5 MBA colleges in India.

Name of the Institution

City

Courses Offered

Fees for MBA

IIM Ahmedabad

Gujarat

MBA, Executive MBA, Fellowship

INR 23,00 L

IIM Bangalore

Karnataka

MBA, PGDM, Executive MBA

INR 23.00 L

IIM Calcutta

West Bengal

MBA, PGDM, Executive MBA

INR 27.00 L

IIM Lucknow

Uttar Pradesh

MBA, PGDM, Graduate Diploma in Management

INR 19.25 L

IIM Indore

Madhya Pradesh

MBA, PGDM, PhD in Management

INR 10.95 L

IIM Kozhikode

Kerala

MBA, PGDM, PhD in Management

INR 22.50 L

FMS – University of Delhi

New Delhi

MBA, PGDM, PhD in Management

INR 10,480

IBS Hyderabad

Telangana

PGDM, PGPM, Executive MBA

INR 12.06 L

MDI Gurgaon

Haryana

MBA, PGDM, Graduate Certificate in Management

INR 12.53 L

SJMSOM, IIT Bombay

Maharashtra

MBA, PGDM, PhD in Management

INR 2.26 L

JBIMS, University of Mumbai

Maharashtra

MMS, MMM, MBA

INR 1.50-7.00 L

XLRI Jamshedpur

Jharkhand

MBA, PGDM, PhD in Management

INR 11.80 L

SPJIMR Mumbai

Maharashtra

MBA, PGDM

INR 22.10

IIFT Delhi

New Delhi

MBA, PGDM, Executive MBA

INR 8.85 L

NITIE Mumbai

Mumbai Maharashtra

MBA, PGDM, Fellowship

INR 12.53 L

Fee Structure for Top 15 IIMs

The IIMs offer the best management education in India, and IIM Ahmedabad has continually been ranked as the number one management school in India by various ranking organisations. On the proposal of the Planning Commission of India, Jawaharlal Nehru, India’s first prime minister, launched the establishment of IIMs. It is a notable fact that the IIMs are declared as institutes of national importance by the Institutes of Management Act 2017. The students who acquire management education in the IIMs are exposed to a number of beneficial features, one of which is the student exchange programmes and summer Internships. Not only do the IIMs offer MBA degree programmes, but they also offer PGPX, PGPEX, PGP-BL & IPMX executive education and part-time education for working professionals. There are a total of 20 IIMs functioning in the country. Most of the IIMs accept the CAT Exam, and the GMAT Exam is a prerequisite for international candidates who aspire to join the IIMs. The fees structure for the top 15 IIMs is given below:

Name of the IIM

Fees

IIM Ahmedabad

INR 23,00,000 Lakhs

IIM Bangalore

INR INR 23,00,000 Lakhs

IIM Calcutta

INR 27,00,000 Lakhs

IIM Kozhikode

INR 22,50,000 Lakhs

IIM Lucknow

INR 19,25,000 Lakhs

IIM Amritsar

INR 13,20,000 Lakhs

IIM Indore

INR 10,95,000 Lakhs

IIM Bodh Gaya

INR 12,95,000 Lakhs

IIM Tiruchirappalli

INR 16,50,000 Lakhs

IIM Kashipur

INR 15,42,000 Lakhs

IIM Nagpur

INR 18,00,000 Lakhs

IIM Raipur

INR 14,20,400 Lakhs

IIM Ranchi

INR 15,30,000 Lakhs

IIM Rohtak

INR 15,20,000 Lakhs

IIM Sambalpur

INR 13,03,000 Lakhs

Fee Structure for Top 25 Non-IIMs

Apart from the IIMs, several other private institutions and management departments of the IITs offer MBA programs with the same structure and without compromising any of the features. The following is the list of the top MBA colleges apart from the IIMs with the list of courses offered, entrance exams accepted and fee structure of the Non-IIM institutions.

Name of the Institution, City

Courses Offered

Entrance Exams

Accepted

Fees

XLRI (Xavier School of Management), Jamshedpur

PGDM (BM), ExPGDM PGDM (BM), Three Year XLRI – Rutgers Double Masters Programme, PGDM (HRM), Fellow Programme & Research FPM, Executive FPM

XAT, GMAT

INR 16.8 L

Faculty of Management Studies – FMS

MBA

CAT

INR 50,000

S.P Jain Institute of Management & Research – SPJIMR

PGDM

CAT, XAT, GMAT

INR 17.5 L

Jamnalal Bajaj Institute of Management Studies – JBIMS

MMS

MAH-CET, CAT, CMAT, MAT, ATMA

INR 6.00 L

IIFT Indian Institute of Foreign Trade

MBA

IIFT

INR 7.6 L

Symbiosis Institute of Management, Pune

MBA

SNAP

INR 20.5 L

Shailesh J. Mehta School of Management – SJMSOM IIT, Mumbai

MBA

CAT

INR 8.75 L

Narsee Monjee Institute of Management Studies – NMIMS

MBA

NMAT

INR 18.00 L

NITIE, Mumbai

PGDEX-VLFM, PGDIE, PGDSM

CAT

INR 14.63 L

MICA, Ahmedabad

PGP/FPM/CCC

MICAT, CAT, XAT, GMAT

INR 21.00 L

Tata Institute of Social Sciences – TISS, Mumbai

MA

TISS

INR 2.43 L

Indian School of Business – ISB Hyderabad

PGPM

GMAT

INR 32.82 Lakhs

Management of Development Studies – MDI

PGPM/PGP-HR/PGP-IM

CAT

INR 19.8 Lakhs

Institute of Rural Management Anand, Gujarat – IRMA

PGDRM

CAT/XAT

INR 5.54 Lakhs

Institute of Management Technology – IMT Ghaziabad

PGDM

CAT/XAT/GMAT

Rs 19.00 Lakhs

VGSoM – Vinod Gupta School of Management – IIT Kharagpur

MBA

CAT

Rs 11.5 Lakhs

Birla Institute of Technology & Science (BITS), Pilani

MBA-BA

BAAT/XAT/CAT/GMAT

INR 2,18,500/- Per Semester

DoMS – IIT Madras

MBA

CAT

Rs 8 Lakhs

DMS, IIT Delhi

MBA

CAT

Rs 9.6 Lakhs

Xavier Institute of Management – XIMB, Bhubaneswar

MBA

XAT, CAT, GMAT

Rs 17.3 Lakhs

TAPMI Manipal

PGDM

CAT, XAT, GMAT

Rs 14.60 Lakhs

FORE School of Management, Delhi

PGDM, PGDM (IB), PGDM (FM), PGDM (BDA), Full-Time Fellow Program in Management (FPM)

CAT/XAT/GMAT

INR 16.98 L

Goa Institute of Management

PGDM, PGDM (HCM), PGDM (BDA), PGDM (BIFS), PGDM – PART TIME, MDP FPM

XAT/CAT/ GMAT/CMAT

INR18.07 L

L. N. Welingkar Institute of Management Development & Research, Mumbai

PGDM/ MMS/PGP

CAT/CMAT/XAT/ATMA/GMAT

INR 6.50 L

PUMBA Mumbai

MBA++ / MBA (BIOTECH)/EXECUTIVE MBA /PhD

CMAT/CAT/MH-CET

INR 65000

List of MBA Colleges with Fee Structure below 5 Lakhs

For the convenience of students, we have curated the list of MBA colleges whose fees are below 5 lakhs.

Name of the Institution

Fees

St. Kabir Institute of Professional Studies Ahmedabad

INR 4,95,000

Sathyabama Institute of Science and Technology

INR 400,000

SRM University Chennai

INR 5,00,000

Chandigarh University, Chandigarh

INR 420,000

DBS-Doon Business School

INR 4.52 lakh

Galgotias Institute of Management and Technology

INR 251,206

Firebird Institute of Research in Management Coimbatore

INR 4,80,000

Indian Institute of Social Welfare and Business Management

INR 364,500

JSS Academy of Higher Education and Research, Mysuru

INR 3,46,700

FMS Delhi – Faculty of Management Studies University of Delhi

INR 1,00,000

SIMSREE, Mumbai

INR 1,36,000

Ambedkar University, Delhi

INR 2,99,880

Doon University

INR 40,000

GD Goenka University – GDGU

INR 90,000

Jamnalal Bajaj Institute of Management Studies (JBIMS)

INR 6,00,000

BITS Pilani

INR 2,18,000

SIMSREE, Mumbai

INR 1,36,000

Millennium School of Business, New Delhi

INR 2,00,000

Bharati Vidyapeeth’s Institute of Management Studies and Research

INR 3,50,000

JSS Academy of Higher Education and Research, Mysuru

INR 3,46,70

Galgotias Institute of Management and Technology

INR 2,51,206

GD Goenka University – GDGU

INR 90,000

Doon University

INR 40,000

Guru Nanak Institute of Management Studies, Mumbai

INR 2,77,200

FMS Delhi – Faculty of Management Studies University of Delhi

INR 1,00,000

PUMBA Pune – Department of Management Sciences Savitribai Phule Pune University

INR 1,32,388

Symbiosis Centre for Management and Human Resource Development, Pune

INR 4,98,500

Christ University

INR 3,57,500

Indian Institute of Social Welfare and Business Management

INR 3,64,500

School of Management Studies, University of Hyderabad

INR 1,64,600

DoMS Indian Institute of Science – Department of Management Studies, Indian Institute of Science

INR 302,800

SIMSREE Mumbai – Sydenham Institute of Management Studies Research and Entrepreneurship Education

INR 134,000

Bharati Vidyapeeth’s Institute of Management and Entrepreneurship Development

INR 450,000

Amity University, Noida

INR 165,000

SAGE University, Indore

INR 140,000

Hindustan Institute of Technology and Science

INR 114,000

Indian Maritime University

INR 400,000

DAVV Indore – Institute of Management Studies, Devi Ahilya University

INR 120,000

University College of Commerce and Business Management, Osmania University

INR 20,000

Department of Management Studies, Anna University

INR 56,550

Dr DY Patil University, Navi Mumbai

INR 175,000

Sai Balaji International Institute of Management Sciences

INR 157,600

ITS Institute of Technology and Science, Mohan Nagar

INR 260,000

Cochin University of Science and Technology

INR 42,000

Asia-Pacific Institute of Management

INR 3,60,000

St. Kabir Institute of Professional Studies Ahmedabad

INR 4,95,000

LN Welingkar Institute of Management Development and Research

INR 149,265

Delhi School of Management, Delhi Technological University

INR 396,000

PSG Tech – PSG College of Technology, Coimbatore

Not Prescribed

Jamnalal Bajaj Institute of Management studies (JBIMS)

INR 6,00,000

Guru Nanak Institute of Management Studies, Mumbai

INR 2,77,200

Bharati Vidyapeeth’s Institute of Management Studies and Research

INR 3,50,000

School of Management Studies, University of Hyderabad

INR 1,64,600

NIT Warangal – National Institute of Technology

INR 1,79,500

SRM University, Chennai

INR 5,00,000

Important Points to be Considered

  • Apart from the tuition fees, candidates also have to incur additional costs, which include registration fees, hostel fees, etc. It is seen that most of the top MBA colleges have high tuition fees for their two-year programs. However, MBA applicants can get liberal educational loans as financial aid. Apart from the loans, several scholarships are also provided by certain institutions. As the loan options vary from bank to bank, MBA applicants are suggested to check for different loan options and choose the one that best suits them.
  • Also, it is always beneficial to check for the different scholarship options by the particular institutes and apply for them accordingly.
  • MBA applicants are also suggested to check the return on investment for the particular institutes and then apply.
  • Analyse the total costs and average placements of the institutes to get an idea of the return on investment.
  • It is also important to note that most institutes use CAT scores for admissions. So, having a good CAT percentile is extremely important to get shortlisted for further rounds of the respective institutes.

Keep visiting BYJU’S to get more such information. CAT exam aspirants can also get various study materials, exam tips, sample papers and previous years’ question papers to ace the CAT exam easily and get into their preferred B-School.