MBA Fees in India For Top B-Schools Admissions In 2023

MBA Fees in India For Top B-Schools Admissions In 2023

MBA Fees in India: There are a number of top MBA colleges in India with affordable fees. However, MBA expenses in India offered by recognized universities and government colleges are pocket friendly, the same programme offered by private institutes is expensive. MBA college fees vary widely based on the type of B-school and generally increase by 5-7% every year.

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Although you earn the degree with your hard work over the two years, you have to pay the price of the education you receive, the faculty members, infrastructure and other facilities which you would avail for these two important years of your life. The fee structure of MBA institutes in India is dependent on various factors like curricular activities, infrastructure, hostel facility, international exposure, placement services and much more. Many MBA colleges in India also provide scholarships to students fulfilling the eligibility criteria. Read the article further to know details on top MBA colleges in India with fee structures.

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Check Also- IIM Fees for MBA Seats

Know how much your MBA will cost in Top B-Schools

Thus, a fee is one of the crucial factors for selecting the right B-School. As the MBA admission 2023-25 season ushers, it is important for MBA aspirants who are expecting a call from the top B-schools, to know about the MBA fee they have to pay for their selected MBA programme. Although the fee amount should not matter if you are getting admission in top B-schools, you still need to know the fee amount so that you can analyze the ROI factor as well.

MBA Fees Range in India

ParticularsAverage Fees (in Rs.)
IIM MBA Fees8,00,000 – 23,00,000
IIT MBA Fees2,00,000 – 5,00,000
IGNOU MBA Fees37,800
Cheapest MBA Fees15,000 – 70,000

IIM MBA Fees in India

IIM AhmedabadRs 21 lakh
IIM BangaloreRs. 23.20 lakh
IIM CalcuttaRs 19 lakh
IIM LucknowRs 19.25 lakh
IIM Kozhikode

Rs 19 lakh
IIM IndoreRs 16.50 lakh
IIM ShillongRs 15 lakh
IIM RohtakRs 16.65 lakh
IIM RaipurRs 14.21 lakh
IIM TrichyRs 16.50 lakh
IIM RanchiRs 15.30 lakh

IIM Kashipur
Rs 14.75 lakh
IIM UdaipurRs 17.59 lakh
IIM NagpurRs 13.75 lakh
IIM VisakhapatnamRs 13.65 lakh
IIM SirmaurRs 15.75 lakh
IIM SambalpurRs 12 lakh
IIM AmritsarRs 12 lakh

*- These are the approximate fees only. The actual fee may vary.

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Top MBA Colleges in India with fees

With the IIM fee structure already discussed above, CareersToday brings to you the approximate fee of other top B-schools in India for their flagship management programmes in the academic year 2023-25. Check the following list of MBA fees in India.



DMS, IIT Delhi

Rs. 4.39 lakh

DoMS, IIT Madras

Rs. 6 lakh

XLRI Jamshedpur

Rs. 16.8 lakh

DoMS, IIT Roorkee

Rs. 4.18 lakh

VGSoM, IIT Kharagpur

Rs. 6.72 lakh

FMS, University of Delhi

Rs. 20,000

NITIE Mumbai

Rs. 8.10 lakh

SJMSoM, IIT Bombay

Rs. 2.25 lakh

MDI Gurgaon

Rs. 15.96 lakh


Rs. 14.5 lakh

DIME, IIT Kanpur

Rs. 1.60 lakh

IIFT Delhi

Rs. 14.50 lakh

DMS, IISc. Bangalore

Rs. 3 lakh

JBIMS Mumbai

Rs. 2 lakh

TAPMI Manipal

Rs. 13.50 lakh

Great Lakes Institute of Management, Chennai

Rs. 16.50 lakh

IMT Ghaziabad

Rs. 13 lakh


Rs. 14 lakh

IFMR Chennai

Rs. 12 lakh

IIFM Bhopal

Rs. 4.80 lakh

ABV - Indian Institute of Information Technology and Management

Rs. 2.36 lakh

NMIMS Mumbai

Rs. 13.15 lakh

LIBA Chennai

Rs. 9.84 lakh


Rs. 8 lakh

We School Mumbai

Rs. 8.60 lakh


Rs. 11.5 lakh

IBS Hyderabad

Rs. 12.50 lakh

DMS, NIT Trichy

Rs. 10.87 lakh


Rs. 11.2 lakh


Rs. 7.8 lakh

Goa Institute of Management

Rs. 13.85 lakh

IMNU, Ahmedabad

Rs. 8.9 lakh

MANAGE Hyderabad

Rs. 4.05 lakh

XIME Bangalore

Rs. 8 lakh

NIT Warangal

Rs. 2.1 lakh

IFIM Bangalore

Rs. 9.50 lakh


Rs. 8.95 lakh

IPE Hyderabad

Rs. 8 lakh

Amrita School of Business, Coimbatore

Rs. 7 lakh


Rs. 12.50 lakh


Rs. 1.36 lakh

PSG Institute of Management

Rs. 8.60 lakh

Alliance School of Business, Alliance University, Bangalore

Rs. 12 lakh

Jaipuria Institute of Management, Noida

Rs. 7.90 lakh

SCMS Cochin

Rs. 7.50 lakh

KIAMS Harihar

Rs. 9.98 lakh

MS Ramaiah Institute of Management, Bangalore

Rs. 12.5 lakh

DMS, University of Pune

Rs. 1.31 lakh

Thiagarajar School of Management, Madurai

Rs. 5.38 lakh

SSIM Secunderabad

Rs. 5.50 lakh

VIT Business School, Vellore

Rs. 5.98 lakh

Christ University, Bangalore

Rs. 6.75 lakh

Dr. D Y Patil School of Management, Pune

Rs. 5.4 lakh

AIMS Bangalore

Rs. 6 lakh (MBA), Rs. 4 lakh (PGDM)


Rs. 5.57 lakh

Chitkara Business School, Chandigarh

Rs. 4.64 lakh

FLAME University, Pune

Rs. 5.5 lakh- MBA, Rs. 5 lakh - MBA in Communication


Rs. 9.80 lakh

Shiv Nadar University

Rs. 6.72 lakh

Universal Business School, Karjat

Rs. 8.48 lakh

VJIM, Hyderabad

Rs. 6.5 lakh

Jagan Institute of Management Studies (JIMS), Rohini

Rs. 6.10 lakh - PGDM & PGDM-IB; Rs. 5.10 lakh - Retail & Marketing

Fortune Institute of International Business, New Delhi

Rs. 6,95,000

*- The above fees is tentative and may vary for the current academic year.

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Lowest MBA Fees in India

In India, the minimum fee for full-time MBA degree is around Rs 30 thousand, basically, it totally depends on the CAT or relevant entrance exam score. Candidates belonging to reserved categories such as SC/ ST/ OBC are charged much less as compared to un-reserved category candidates. So, if you don’t get admission in a good and low fee B-school, it may be better to increase your budget and get into a good B-school, with a strong placement record, even if it's slightly expensive. You will recoup your extra investment in a few months.

MBA Fees in India Less Than Rs 1 Lakh

There are many B-schools in India whose MBA fee structure is less than rupees one lakh. Even though their fee is low, all these institutes are recognised by University Grants Commission (UGC). Here is the list of popular MBA colleges with less than Rs 1 lakh.

MBA Colleges Name

Course Name

Fee Structure*

Jamia Millia Islamia-JMI

MBA in International Business

Rs 20,960

BK School of Business Management

PGP Foreign Trade Management

Rs 33,170

WE School - Prin. L. N. Welingkar Institute of Management Development and Research

MBA in Maritime Management

Rs 94,400

Department of Financial Studies, University of Delhi

MBA in Financial Management

Rs 26,000

Amity University

PGD in Health and Wellness Management

Rs 54,000

Institute of Management Studies, Banaras Hindu University

MBA in International Business

Rs 98,888

Department of Financial Studies, University of Delhi

MBA in Financial Management

Rs 26,000

Tata Institute of Social Sciences, Mumbai

PG Diploma in Community Media

Rs 40,600

Maharshi Dayanand University-MDU

Master of Hotel Management and Catering Technology

Rs 84,468

University Business School, Chandigarh-Panjab University


Rs 60,000

Vishwa Vishwani School of Business


Rs 54,000

Garware Institute of Career Education and Development, University of Mumbai

PGD Retail Management

Rs 65,420

Utkal University

PGD Banking & Insurance Management

Rs 40,600

YMCA-New Delhi

PGD Aviation & Tourism Management

Rs 61,256

Indian Institute of Social Welfare and Business Management-IISWBM

PGD Supply Chain and Logistics Management

Rs 70,000

Maharshi Dayanand University Center, Dwarka


Rs 48,000

Andhra University, Visakhapatnam


Rs 24,440

Chaitanya Bharathi Institute of Technology


Rs 86,000

Gujarat University

PGD Export-Import & International Finance

Rs 6,000

Babu Banarasi Das University

PGD Sports Management

Rs 80,000

Patna University


Rs 9,500

AMU - Aligarh Muslim University

PGD Public Relations

Rs 3,500

University College of Commerce and Business Management, Osmania University

MBA Technology Management Programme

Rs 20,000

Gauhati University - GU

Master of Business Economics

Rs 14,090

GD Goenka University - GDGU

PGD Supply Chain Management

Rs 90,000

Department of Management Studies, Anna University


Rs 56,550

CUSAT - Cochin University of Science and Technology


Rs 42,000

Doon University

PGD Security Management

Rs 40,000

*- These are the approximate fees only. The actual fee may vary.

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The MBA Programme at IGNOU consists of 21 courses in all. The fee for each course is Rs. 1800. Total fees: 21 X 1800 = Rs. 37800. These courses comprise of:

  • All the courses from MS-1 to MS-09 and MS-11
  • Five courses from any one of the specialization stream
  • Compulsory Courses (MS-10, MS-91, MS-95) and anyone elective course out of MS-92/93/94/96/97
  • Project Course (MS-100) equivalent to 2 courses

MBA Fee in India: Key Trends

  1. IIMs & Top MBA Colleges increase MBA Fee Annually: IIM Ahmedabad, Bangalore, Calcutta and the rest other IIMs increase their fee for each academic session. IIMs increase their fee at the beginning of their academic session. IIM Ahmedabad, IIM Calcutta, IIM Bangalore, XLRI Jamshedpur, MDI Gurgaon have already increased their fee.
  2. Good MBA colleges with a low fee are few: These are the Government University MBA departments or affiliated colleges. MBA at UBS Chandigarh is offered at Rs. 31,000 while an MBA at FMS Delhi of Delhi University is still offered at a fee of Rs. 1.92 lakhs for the entire MBA programme. SIMSREE, a Mumbai University MBA college, offers MBA/PGDBM at a fee as low as Rs. 1.36 lakhs; PUMBA Pune – the Pune University MBA is offered at a low fee of Rs. 2.45 lakhs.
  3. MBA Colleges in Delhi, Bangalore with less than 5 lakh fee are many: Delhi University; Guru Gobind Singh Indraprastha University Delhi; Bangalore University; VTU Bangalore University; Mumbai University are a few of the examples that offer MBA programmes at less than Rs. 2 lakhs.

Also Read:

IIM Admission Criteria 2023-254

Top Colleges in India offering Management Courses

Manipal University (MAHE)

Great Lakes Gurgaon

ICFAI Dehradun

BML Munjal University, Gurgaon

UPES Dehradun

LPU Jalandhar

SRM University Chennai

Chandigarh University

Topic: Fees