MBA Colleges Fee in India

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Update on
July 7, 2020

MBA is considered the Golden Passport for a dream career in Corporate World. While preparing for MBA Admissions, you should know the correct MBA Fee in India, and plan for it. MBA College Fees varies widely based on type of B-school and generally increases by 5-7% every year. There are MBA colleges with High fee and Moderate fee but many top MBA colleges with low fee and high placements like FMS Delhi, SIMSREE Mumbai, PUMBA Pune also exist in India

 

However, for the MBA/PGDM batch 2020-22, All India Council for Technical Education (AICTE) has instructed the B-schools not to increase their fee over last year due to COVID-19 pandemic. Most of the PGDM colleges have rolled back their fee as per the AICTE guidelines.

 

The present MBA Fee for IIMs ranges from Rs 10.0 Lakhs to Rs 23.0 Lakhs and the MBA Fee for Top PGDM B-schools like XLRI, MDI and SPJIMR ranges from Rs 15.0 Lakhs to Rs 23.0 Lakhs. So, MBA from most of the Top 30 B-schools in India will cost between Rs 10.0 lakhs and Rs 23.0 Lakhs. But if you have lower budget for your MBA Fee, don’t worry. MBAUniverse.com has researched MBA Fee for all Top 200 B-schools and MBA Programs in India and will guide you with latest 2020 MBA Fee details including top MBA colleges with low fees in India.

 

On this page, you will get following information:

  • MBA Fee for IIMs
  • MBA Fee for Top Private MBA/PGDM Colleges in India
  • MBA Colleges in India with Fee Structure
  • MBA Colleges in India with Low Fee 

MBA Fee for IIMs
There are 20 IIMs in India. Do you know that MBA from IIM Ahmedabad is the most expensive, while its cheapest from new IIMs like IIM Sirmaur and IIM Bodhgaya. Complete List of IIMs with Fee Structure is given below.

Institute Name

Fees (Rs.in Lakhs)

IIM Ahmedabad: Indian Institute of Management

23

IIM Calcutta: Indian Institute of Management

22.50

IIM Bangalore: Indian Institute of Management

23.20

IIM Lucknow: Indian Institute of Management

19.25

IIM Kozhikode: Indian Institute of Management

19.00

IIM Indore: Indian Institute of Management

17.07

IIM Trichy: Indian Institute of Management Tiruchirappalli

16.50

IIM Shillong: Indian Institute of Management

15.00

Indian Institute of Management (IIM) Udaipur

17.60

IIM Kashipur: Indian Institute of Management

15.42

Indian Institute of Management (IIM) Ranchi

15.30

Indian Institute of Management (IIM) Jammu

13.80

Indian Institute of Management (IIM) Raipur

14.21

IIM Rohtak: Indian Institute of Management

16.65

IIM Nagpur: Indian Institute of Management

13.75

IIM Visakhapatnam: Indian Institute of Management

13.90

Indian Institute of Management (IIM) Amritsar

12.00

Indian Institute of Management (IIM) Sirmaur

11.75

Indian Institute of Management (IIM) Bodhgaya Bihar

10.60

Indian Institute of Management (IIM) Sambalpur

13.03

Source: MBAUniverse.com

 

MBA Fee for Top Colleges
The Top Private B-schools like XLRI and MDI are expensive too. Fee for XLRI PGDM program (equivalent to MBA) is Rs 23.60 lakhs. MDI PGDM Fee is also expensive at Rs 21.34 lakhs. SPJIMR PGDM is considered a top program with affordable MBA Fee. FMS Delhi has the lowest MBA fee amongst top Colleges in India. Top MBA Colleges in India with Fee Structure are given below.

Institute Name

Fees (Rs in Lakhs)

FMS New Delhi: Faculty of Management Studies

 1.92

XLRI Jamshedpur: Xavier School of Management

23.60

MDI Gurgaon: Management Development Institute

20.87

SPJIMR Mumbai: SP Jain Institute of Management & Research

17.50

SIBM Pune: Symbiosis Institute Of Business Management

20.72

JBIMS Mumbai: Jamnalal Bajaj Institute of Management Studies

 6.00

IIFT New Delhi: Indian Institute of Foreign Trade

17.50

ISB Hyderabad: Indian School of Business

35.99

NMIMS Mumbai: School of Business Management, Narsee Monjee Institute of Management Studies - SBM

18.50

IMI Delhi: International Management Institute

17.15

Source: MBAUniverse.com

 

MBA Colleges with Fee Structure
With more than 3,000 MBA Colleges in India of different quality, there is a wide range with Fee Structure too. Generally, MBA Fee ranges from Rs 5.0 Lakhs to 15.0 Lakhs. MBA Colleges in India with Fee Structure are below.

Institute Name

Fees ( Rs in lakhs)

IMT Ghaziabad: Institute of Management Technology

17.50

Great Lakes Chennai: Great Lakes Institute of Management - GLIM

15.86

Prin. L. N. Welingkar Institute of Management Development & Research

11.04

Xavier Institute of Management, XIMB

17.30

TAPMI Manipal: T A Pai Management Institute

14.30

GIM Goa: Goa Institute of Management

15.98

IRMA Anand: Institute of Rural Management

12.08

SIMSR Mumbai: K J Somaiya Institute of Management Studies And Research

14.93

SCMHRD Pune: Symbiosis Centre For Management And Human Resource Development

17.43

BIMTECH Greater Noida: Birla Institute of Management Technology

12.00

IFMR Chennai: Institute For Financial Management & Research

16.78

Symbiosis Institute of Business Management - SIBM Bangalore

16.00

IPE Hyderabad: Institute of Public Enterprise

  8.15

Jagan Institute of Management Studies, Rohini

  7.70

Entrepreneurship Development Institute of India - EDII Ahmedabad

12.31

Source: MBAUniverse.com

 

MBA Colleges with Low Fee
While MBA Programs at IIMs are expensive, there are many MBA Colleges in India with Low Fee. We have prepared different list of colleges at different fee structure. So you can match your budget.

 

But remember, you do your MBA only once. So, if you don’t get admission into a good and low fee B-schools, it may be better to increase you budget and get into a good B-school, with strong placement record, even if its slightly expensive. You will recoup your extra investment in a few months. MBA colleges with low fee in India can be divided into following two categories:

  1. Low Fee MBA Colleges in India with less than Rs.5 Lakh Fee
  2. Lowest Fee MBA Colleges in India with less than Rs.1 Lakh Fee

Let us know the top MBA colleges in India with low and lowest fee structure:

 

1. MBA colleges in India with less than Rs. 5 lakh fee for MBA

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 Following are some of the top MBA colleges in India with Rs.5 lakh fee for MBA and the MBA colleges in India with less than Rs.3 lakh fee for MBA

Institute Name

Fees (Rs in lakhs)

MANAGE Hyderabad: National Institute of Agricultural Extension Management

4.05

FMS New Delhi: Faculty of Management Studies

1.92

SIMSREE Mumbai: Sydenham Institute of Management Studies And Research And Entrepreneurship Education

1.36

PUMBA: Department of Management Sciences University of Pune

2.45

Patna University Patna

1.07

Amrut Mody Ahmedabad: Amrut Mody School of Management - AMSoM - University Ahmedabad

2.56

Source: MBAUniverse.com

 

2. Lowest MBA Fee in India: MBA colleges with less than Rs. 1 lakh Fee
The lowest MBA fee in India is collected by the Government University MBA departments or affiliated MBA colleges like DSE-Delhi University; USMS-IP University among others. Earlier, FMS Delhi had the lowest MBA fee of Rs. 22,000 for the entire 2 years full time MBA programme but the fee is increased now.

Institute Name

Fees (Rs in lakhs)

Delhi School of Economics (DSE)-Delhi University

0.35

MBA (Financial Markets) University School of Management Studies (USMS) – Guru Gobind Singh Indraprastha University

0.60

MBA Fee in India: Key Trends

  1. IIMs & Top MBA Colleges increase MBA Fee Annually: IIM Ahmedabad, Bangalore, Calcutta and rest other IIMs have increased their fee for each academic session. So far the most of the IIMs have announced the prospects for MBA Fee increase for the coming batch. IIM Ahmedabad, IIM Calcutta, IIM Bangalore, XLRI Jamshedpur, MDI Gurgaon have already increased their fee. 
  2. Good MBA colleges with low fee are few: These are the Government University MBA departments or affiliated colleges. 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 few of the examples who offer MBA programme at less than Rs.2 lakhs.