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SupportMBA Fees in India: Fee Structure of Top IIMs, IITs and Other B-Schools
MBA fees vary across all institutes in India. The fee range for top-ranking IIMs, such as IIM Ahmedabad and IIM Bangalore, is INR 27 Lakhs to INR 33 Lakhs for a two-year MBA programme. Even IITs offer MBA programmes at relatively low cost. The fee range for an MBA program in IITs such as IIT Bombay and IIT Delhi is INR 7 Lakhs to INR 15 Lakhs for a two-year MBA course. At government universities like BHU and JNU, you can pursue an MBA for INR 5 Lakhs to 12 Lakhs. In fact, students from reserved categories can pursue the MBA program for 6 Lakhs to 8 Lakhs.
MBA colleges in India provide scholarships and financial aid to eligible students. The scholarship is awarded based on criteria set by the institute. For example, in IIM Bangalore, students can avail a 6 lakh tuition fee waiver if they are at the top of the merit list. In addition to merit-based scholarships, need-based scholarships are also offered to eligible candidates during the programme.
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MBA Courses Fees: Highlights
MBA fees differ based on the institutes you opt for. At IIMs, the fee is between INR 15,00,000 and INR 36,00,000, whereas at IITs, the fee ranges from INR 4 lakhs to INR 12 lakhs. Check the highlights below.
| Type of Institution | Approximate MBA Fee Range (2 Years) |
|
INR 15 lakh – INR 36 lakh |
|
|
IITs |
INR 87,000 – INR 15.5 lakh |
|
Government Universities/Colleges |
INR 60,000 – INR 12 lakh |
|
Private B-Schools |
INR 5 lakh – INR 37 lakh |
|
Central Universities (JNU, BHU, DU, etc.) |
INR 1 lakh – INR 12 lakh |
|
Online MBA Programs |
INR 1.5 lakh – INR 4 lakh |
|
Distance MBA Programs |
INR 20,000 – INR 1.2 lakh |
|
Executive MBA Programs |
INR 10 lakh – INR 45 lakh |
|
One-Year MBA Programs |
INR 25 lakh – INR 45 lakh |
MBA Fees for Top IIMs in India
MBA fee range at IIMs is INR 15,00,000 to INR 36,00,000. The lowest fee is INR 15,00,00 at IIM Bombay, while the MBA course fee at IIM Bangalore is INR 33,00,000+. Check the top MBA fees for the top IIMs listed here.
| College
|
Total Fees for Two-Year MBA Programme
|
|
IIM Ahmedabad |
INR 27,50,000 |
|
INR 33,71,000 (with hostel accommodation for a single student; student with a spouse) - INR 36,62,000 (for family accommodation outside the campus) |
|
|
IIM Calcutta |
INR 33,50,000 |
|
IIM Bombay |
INR 15,00,000 |
|
IIM Kozhikode |
INR.22,50,000 |
|
IIM Indore |
Instalment I: INR13,04,000 Instalment II: INR 12,11,800 |
|
IIM Lucknow |
Instalment I: INR 10,95,000 Instalment II: INR 9,80,000 |
|
IIM Ranchi |
INR 19,20,000 |
|
IIM Bodh Gaya |
INR 17,96,000 |
|
IIM Shillong |
INR 26,18,000 |
|
IIM Jammu |
INR 22,80,756 |
Explore MBA College Comparisons
MBA Course Fees in India for Top Non-IIMs
FMS Delhi is the MBA college with the lowest fees of INR 60,818 per semester. The following table lists the best MBA colleges in India, along with their fee details.
| College | Total Fees for Two-Year MBA Programme | Additional Information |
|
FMS Delhi |
INR 60,818 (per semester) |
Can be revised at any time |
|
XLRI Jamshedpur |
PGDM HRM: INR 15.25 LPA PGDM BM: INR 15.25 LPA PGDB GM: INR 25.8 LPA |
An additional fee is charged for hostel and mess facilities. |
|
SPJIMR Mumbai |
INR 22.66 Lakhs |
Includes tuition and accommodation fee. |
|
INR 26,55,310 |
Includes fees for tuition, boarding, lodging, course material, students' activities, library fees, alumni and security deposit. |
|
|
IIT Delhi |
INR 12 Lakhs |
Includes institute fees, non-refundable fees (admission, student welfare, training and placement charges, alumni, modernisation and benevolent charges), refundable (security deposit and library security deposit) |
|
IIT Bombay |
INR 15,55,800 (General/EWS, OBC-NCL) INR 7,55,800 (SC/ST/PwD) |
INR 47,250 for hostel and mess fees, if availed. |
|
IMT Ghaziabad |
INR 23,00,000 |
Includes tuition fees, admission charges, lifetime alumni membership, and caution money (refundable). |
Important resources for MBA aspirants
| FMS Delhi Cut-Off | FMS Delhi Ranking |
| XAT Cut off | MDI Gurgaon MBA Fees |
MBA Course Fees in Government Colleges
Many government colleges offer MBA programs at a minimum fee. The government institutions' fee for an MBA ranges from 5 lakhs to 12 lakhs, depending on the student category.
MBA Program Fees in Central Universities
JNU, BHU and DU are the leading central universities offering MBA programmes. The fees vary between General and reserved candidates at these institutions. MBA fees at JNU for the general candidates are INR 12 Lakhs and INR 8 lakhs for OBC students. Check the fee details below.
| Central Universities | Total Fees | Additional Details |
|
Jawaharlal Nehru University |
INR 12 Lakhs for General INR 8 Lakhs for OBC (Non-creamy) INR 6 Lakhs for SC/ST/PwD |
Includes only tuition fees. |
|
Banaras Hindu University |
INR 50007.00 for the first year INR 49281.00 for the second year |
Paid Seat fee: Rs. 1,50,000/- |
|
Delhi University |
INR 60,818 (per semester) |
Can be revised at any time |
MBA Program Fees in IITs
Similar to the central universities, the fee for the MBA course in IITs is lower. The fee range for an MBA in IITs is INR 87,000 to INR 12 Lakhs, depending on the category you belong to. Check the fee for each category at some of the best IITs in India.
| IIT | Approximate MBA Fees | Additional Details |
|
IIT Delhi (DMS) |
INR 12 Lakhs |
Includes institute fees, non-refundable fees (admission, student welfare, training and placement charges, alumni, modernisation and benevolent charges), refundable (security deposit and library security deposit) |
|
IIT Bombay (SJMSOM) |
INR 15,55,800 (General/EWS, OBC-NCL) INR 7,55,800 (SC/ST/PwD) |
INR 47,250 for hostel and mess fees, if availed. |
|
IIT Kharagpur (VGSoM) |
INR 1,295,640 |
Includes hostel charges, semester fee, insurance, caution money, etc. |
|
IIT Roorkee (DoMS) |
INR 974200 for General / Gen-EWS / OBC (Dining & Residing) INR 5,74,200 for SC / ST / PwD (Dining & Residing) INR 8,51,200 for General / Gen-EWS / OBC (Non-Dining & Non-Residing) INR 451200 for SC / ST / PwD (Non-Dining & Non-Residing) |
Includes tuition fees, semester charges, and hostel fees |
|
IIT Kanpur |
INR 3.62 Lakhs for General/OBC INR 87,230 for SC/ST/PH |
The tuition fee for SC/STPH is fully waived |
Explore MBA Colleges
| MBA Colleges in Kolkata | MBA Colleges in Chennai |
| MBA Colleges in Coimbatore | MBA Colleges in Delhi |
| MBA Colleges in Nagpur |
MBA Course Fees in Private Colleges
The highest MBA fee in private colleges in India is INR 37 lakhs or more, depending on the college you choose and factors like the type of accommodation and other facilities you opt for.
| College | Approximate Fees | Additional Details |
|
XLRI Jamshedpur |
PGDM HRM: INR 15.25 LPA PGDM BM: INR 15.25 LPA PGDB GM: INR 25.8 LPA |
An additional fee is charged for hostel and mess facilities. |
|
SPJIMR Mumbai |
INR 22.66 Lakhs |
Includes tuition and accommodation fee. |
|
MDI Gurgaon |
INR 26,55,310 |
Includes fees for tuition, boarding, lodging, course material, students' activities, library fees, alumni and security deposit. |
|
Symbiosis Institute of Business Management (SIBM Pune) |
First Year Fee: INR 9,12,100 (for 1st installment) INR 7,14,800 (for 2nd Installment) |
2nd-year complete fee details will be communicated before the next session begins. |
|
NMIMS Mumbai |
INR 13,50,000 for MBA course only |
The complete fee details will be provided in the offer letter |
|
Great Lakes Institute of Management Chennai |
INR 22,50,000 |
Covers accommodation fees, tuition fee, caution deposit and alumni fee |
|
IMI New Delhi |
INR 23,54,000 for self-sponsored candidates INR 36,97,160 for company-sponsored candidates |
Does not include hostel and mess charges |
|
TAPMI Manipal |
INR 9,75,00 |
Lifetime Membership fee for alumni – INR 20,000
Caution deposit (Refundable) – INR 40,000
Training Cost at SBI and BSE (only for students enrolled in MBA-BKFS Program) – INR 70,000 |
Key information for MBA Aspirants
| ISB Hyderabad Eligibility Criteria | XAT Exam Pattern |
| CAT Cut Off | MAH MBA CET Colleges |
MBA Fees for Different MBA Programs
The MBA fees also vary depending on the type of program you prefer. For a full-time MBA course, the fee range is INR 2 lakh to 30 lakhs for colleges like SLRI, MDI and FMS Delhi. Similarly, for Executive and online programs, the fees differ in all aspects. Check the details below.
| Type of MBA Program | Duration | Approximate Fees | Popular Institutes |
|
Full-Time MBA |
2 Years |
₹2 lakh – ₹30 lakh |
IIMs, XLRI, MDI, FMS |
|
Executive MBA |
1–2 Years |
₹10 lakh – ₹45 lakh |
ISB Hyderabad, IIM Ahmedabad PGPX, IIM Bangalore EPGP |
|
Online MBA |
2 Years |
₹1.5 lakh – ₹4 lakh |
NMIMS Online, Amity Online, Jain Online |
|
Distance MBA |
2 Years |
₹20,000 – ₹1.2 lakh |
IGNOU, Annamalai University |
|
Part-Time MBA |
2–3 Years |
₹3 lakh – ₹15 lakh |
BIMTECH, NMIMS, Symbiosis |
|
One-Year MBA |
1 Year |
₹25 lakh – ₹45 lakh |
ISB Hyderabad, IIM Ahmedabad PGPX, IIM Bangalore EPGP |
|
Hybrid/Blended MBA |
2 Years |
₹8 lakh – ₹20 lakh |
IIM Ahmedabad, IIM Kozhikode |
Also Check out the MBA in Pharmaceutical Management
MBA Course Fees by Specialisation
Various specialisations are offered in MBA, such as MBA in Finance and MBA in Marketing. Based on the specialisation offered by the institutes. The lowest fee range is INR 5 Lakhs to INR 18 Lakhs for an MBA in Digital Marketing, offered at NMIMS, Welingkar, and Amity University. Now check the specialisation-wise fees discussed below.
| MBA Specialization | Average Fees in India | Top Colleges Offering the Specialisation |
|
MBA in Finance |
INR 5 lakh – INR 28 lakh |
IIM Ahmedabad, FMS Delhi, XLRI |
|
MBA in Marketing |
INR 5 lakh – INR 30 lakh |
SPJIMR Mumbai, MDI Gurgaon |
|
MBA in Human Resource Management |
INR 12 lakh – INR 32 lakh |
XLRI Jamshedpur, TISS Mumbai |
|
MBA in Business Analytics |
INR 10 lakh – INR 30 lakh |
IIM Bangalore, NMIMS, Great Lakes |
|
MBA Operations Management |
INR 8 lakh – INR 25 lakh |
IIT Delhi, IIT Bombay, IIM Mumbai |
|
MBA International Business |
INR 15 lakh – INR 30 lakh |
IIFT Delhi, MDI Gurgaon |
|
MBA Healthcare Management |
INR 6 lakh – INR 20 lakh |
TISS Mumbai, IIHMR Jaipur |
|
MBA Supply Chain Management |
INR 10 lakh – INR 24 lakh |
NITIE (IIM Mumbai), SIOM Nashik |
|
MBA Digital Marketing |
INR 5 lakh – INR 18 lakh |
NMIMS, Welingkar, Amity University |
|
MBA Information Technology |
INR 7 lakh – INR 22 lakh |
Symbiosis, ICFAI, BIMTECH |
|
MBA Retail Management |
INR 8 lakh – INR 20 lakh |
K J Somaiya, Welingkar Mumbai |
|
MBA Agri-Business Management |
INR 10 lakh – INR 28 lakh |
IIM Ahmedabad, MANAGE Hyderabad |
Explore the MBA Entrance Exams
Scholarship and Financial Assistance for MBA Students
Many institutes offer scholarships to help eligible candidates pursue an MBA program at a low-cost fee. The scholarship and financial assistance offered is entirely based on the various factors decided by each institute offering MBA programs. Check the scholarship type and the list of colleges provided below.
| Scholarship Scheme | Offered By | Eligibility | Financial Assistance |
|
Need-Based Scholarship |
IIM Ahmedabad |
Annual family income below prescribed limit |
Up to 100% tuition fee waiver |
|
Aditya Birla Scholarship |
Aditya Birla Group |
Top students from select B-schools |
₹1.75 lakh per year |
|
OP Jindal Engineering & Management Scholarship |
OP Jindal Group |
Merit-based |
₹1.5 lakh per year |
|
Central Sector Scholarship Scheme |
Ministry of Education |
Merit and income criteria |
Variable amount |
|
Post-Matric Scholarship for SC Students |
Government of India |
SC category students |
Tuition fees + maintenance allowance |
|
Post-Matric Scholarship for ST Students |
Government of India |
ST category students |
Tuition reimbursement |
|
Merit-cum-Means Scholarship for Minorities |
Ministry of Minority Affairs |
Minority students with income criteria |
Course fee reimbursement |
|
T. Thomas Scholarship |
Hindustan Unilever |
Second-year MBA students at select institutes |
₹1 lakh |
|
Citi Women's Leader Award |
Citi Foundation |
Women MBA students |
₹2 lakh |
|
IIM Bangalore Financial Aid Scheme |
IIM Bangalore |
Income-based assistance |
Partial to full fee waiver |
|
ISB Need-Based Waiver |
ISB Hyderabad |
Financial need assessment |
Up to 50% fee support |
|
FMS Delhi Scholarship |
University of Delhi |
Merit and category-based assistance |
Tuition support |
How to Choose an MBA College Based on Fees
- Budget Planning: Plan your budget before applying to any institute.
- Check the institute’s fee structure and the financial aid they provide.
- You can compare institute fees and scholarship details. In addition, check the institutes' ROI and whether it justifies the fees.
- Consider the placement record of the institutes as well as the recruiters.
FAQs on MBA Fees in India
Nidhi Priya
Nidhi Priya has over 6 years of experience in EdTech content and SEO. She specializes in content strategy, organic growth, and mentoring editorial teams, with previous experience at iQuanta, CollegeDekho, and Careers360.
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