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

IIM MBA Fees in India

*- 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.

*- 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.

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

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IGNOU MBA Fees

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