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OVERVIEW
MBA fees in India for the full-time programme ranges from INR 20,000 to INR 40 lakh. While the fees of MBA programmes offered by universities and government colleges are pocket friendly, the same programme offered by private institutes are expensive.
MBA college fee in India depends on several factors like infrastructure, hostel facility, extra-curricular activities and pedagogy. For example, if an MBA institute offers international immersion programme wherein the candidates have to visit a foreign university for a semester or a certain duration, the course fee of that institute will be high. On the other hand, if the MBA institute is funded by the government, the fees will be low.
MBA fees of top B-Schools other than IIMs
Some of the top B-Schools apart from the IIMs are FMS Delhi, XLRI-Jamshedpur, MDI-Gurgaon, SPJIMR-Mumbai and IIFT-Delhi. These institutes offer the best of infrastructure, faculty, pedagogy, international exposure and placements. MBA fees of these B-schools range from INR 11 to INR 30 lakh. The only exception here is FMS-Delhi whose fee is INR 1.92 lakh. Take a look MBA fees of some of the top B-schools in India other than IIMs.
| B-School | Course Name | **Fees |
|---|---|---|
| FMS-Delhi | MBA | INR 1.92 lakh |
| XLRI Jamshedpur-Xavier School of Management | PGDM | INR 23.15 lakh |
| MDI-Gurgaon | PGPM | INR 24 to 28 lakh |
| SPJIMR-Mumbai | PGDM | INR 23.50 lakh |
| IIFT-New Delhi | MBA International Business | INR 21.77 lakh |
| ISB-Hyderabad | PGPM | INR 38 to 41 lakh |
| Symbiosis Institute Of Business Management-Pune | MBA | INR 24.59 lakh |
| Jamnalal Bajaj Institute of Management Studies-Mumbai | MMS | INR 6.00 lakh |
| IMI-Delhi | PGDM | INR 18.20 lakh |
| NMIMS Mumbai-School of Business Management | MBA | INR 11.90 to 24.00 lakh |
| IMT-Ghaziabad | PGDM | INR 19.50 lakh |
| Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai | PGDM | INR 94,000 to 14.00 lakh |
| BIMTECH-Greater Noida | PGDM | INR 14.00 lakh |
| K. J. Somaiya Institute of Management Studies And Research-Mumbai | PGDM International Business | INR 19.94 lakh |
| IRMA-Anand | PGDRM | INR 12.60 lakh |
| Xavier Institute of Management, XIMB-Bubaneshwar | MBA | INR 21.50 lakh |
| TAPMI-Manipal | PGDM | INR 16.50 lakh |
| Great Lakes Institute of Management-Chennai | PGPM | INR 19.95 lakh |
| Symbiosis Institute of Business Management-Bangalore | MBA | INR 18.00 lakh |
| Entrepreneurship Development Institute of India – Ahmedabad | PGDM Business Entrepreneurship | INRs 12.56 lakh |
| IIT Madras – Department of Management Studies | MBA | INR 15.00 lakh |
MBA fees less than INR 10 lakh
| *B-School | Course Name | **Fees |
|---|---|---|
| IIT Delhi – Department of Management Studies | MBA Telecommunication Systems Management | INR 8.080 lakh |
| IIT Bombay – Shailesh J. Mehta School of Management | MBA | INR 8.32 lakh |
| NITIE-Mumbai | PGD Industrial Safety and Environmental Management | INR 8.50 lakh |
| IIT Kharagpur-Vinod Gupta School of Management | MBA | INR 9.30 lakh |
| BITS-Pilani | MBA | INR 9.26 Lakh |
| IIT Roorkee | MBA | INR 6.23 lakh |
| IIT Delhi – Department of Management Studies | MBA | INR 8.80 lakh |
MBA fees less than INR 5 lakh
MBA colleges in this fee range include popular institutes like Symbiosis International University (Deemed), Prin. L N Welingkar, Christ University, Chandigarh University and Amity University. These universities offer a number of MBA programmes for fees which will not burn a whole in your pocket. Take a look at colleges with MBA fees less than INR 5 lakh:
| *B-school | MBA/PGP Course Name | **Fees |
|---|---|---|
| Prin. L. N. Welingkar Institute of Management Development & Research-Mumbai | PGP Media and Entertainment Management | INR 3.00 lakh |
| Christ University, Bangalore | MBA Leadership and Management | INR 3.80 lakh |
| International School of Management and Research-ISMR | MBA | INR 3.20 lakh |
| CU – Chandigarh University | MBA Tourism and Hospitality Management | INR 4.00 lakh |
| Indira Institute of Management – IIMP | MBA | INRs 4.00 lakh |
| ASM’s Institute of Business Management and Research-IBMR | MBA | INR 3.20 lakh |
| Pune Institute of Business Management | PGDM | INR 4.05 lakh |
| Amity University | MBA Agriculture and Food Business | INR 4.47 lakh |
| AIMS Institute of Management Studies | MBA | INR 3.69 lakh |
| MIT Pune-MIT World Peace University | MBA | INR 3.50 lakh |
| DBS-Doon Business School | MBA International Business | INR 4.52 lakh |
| Gems B School, Bangalore | Corporate MBA | INR 4.20 lakh |
| Galgotias University-GU | MBA Healthcare and Hospital Management | INR 4.47 lakh |
| IES Management College and Research Centre (IES MCRC) | MMS | INR 4.20 lakh |
| DTU-Delhi Technological University (DCE) | MBA Business Analytics | INR 3.56 lakh |
| SRCC-Shri Ram College of Commerce | PGDM Global Business Operations | INR 3.20 lakh |
Students shortlisting their preferred MBA institutes must keep in mind colleges mentioned in the above table as they offer various upcoming specialisations in MBA for low fees.
Return on Investment (ROI) of an MBA Degree
In today’s competitive job market, pursuing a Master of Business Administration (MBA) degree has become increasingly popular among professionals aiming to advance their careers. However, the decision to invest time and money into an MBA program often comes with the question: What is the return on investment (ROI) of an MBA degree? In this article, we delve into the factors that contribute to the ROI of an MBA, helping you make an informed decision about pursuing this advanced degree.
Factors Influencing MBA ROI:
- Career Advancement Opportunities: Explore how an MBA degree can open doors to higher-level positions and increased earning potential within your industry.
- Industry and Location: Analyze how the industry and geographic location can impact the value of an MBA degree and potential salary growth.
- Networking Opportunities: Discuss the importance of networking during an MBA program and how it can lead to valuable career connections and opportunities.
- Skill Enhancement: Highlight the acquisition of valuable skills such as leadership, strategic thinking, and analytical abilities through an MBA program, which can contribute to long-term career success.
- Job Market Trends: Examine current job market trends and the demand for MBA graduates in various sectors, providing insights into future career prospects.
- Cost of Education: Evaluate the cost of obtaining an MBA degree, including tuition, fees, and opportunity costs, in relation to the potential financial benefits post-graduation.
Measuring MBA ROI:
- Salary Increase: Discuss how earning an MBA can lead to a significant salary boost compared to individuals with only a bachelor’s degree, citing industry statistics and research findings.
- Career Advancement: Explore the career progression opportunities available to MBA graduates, including promotions, leadership roles, and entrepreneurship ventures.
- Long-Term Financial Benefits: Consider the long-term financial benefits of an MBA degree, such as lifetime earnings potential and retirement savings accumulation.
- Comparative Analysis: Conduct a comparative analysis of the ROI of different MBA programs, taking into account factors such as program reputation, alumni success, and post-graduation employment rates.
Conclusion
In summary, the return on investment (ROI) of an MBA degree is influenced by a myriad of factors, including career prospects, industry trends, networking opportunities, skill development, and the cost of education. While pursuing an MBA requires significant dedication and financial investment, it can lead to substantial long-term benefits such as higher earning potential, career advancement, and enhanced professional opportunities. However, it’s crucial for individuals to carefully assess their own goals, circumstances, and the specific ROI metrics relevant to their career aspirations before committing to an MBA program. Overall, while the ROI may vary for each individual, an MBA remains a valuable asset for many professionals seeking to advance their careers and achieve their professional goals.
FAQ's
Admission requirements vary by institution but often include a bachelor’s degree from an accredited institution, relevant work experience, letters of recommendation, standardized test scores (such as the GMAT or GRE), and a statement of purpose or essay.
The duration of MBA programs can vary depending on factors such as full-time or part-time enrollment, program structure, and specialization. Generally, full-time MBA programs last around two years, while part-time or executive MBA programs may take longer to complete.
MBA programs come in various formats, including full-time, part-time, executive, online, and specialized MBA programs focusing on specific industries or functional areas such as finance, marketing, or healthcare management.
