Fees and other expenses for one year MBA programmes
The one year MBA fees at the IIMs and private institutes are usually pegged higher than the two year full-time programmes. This is for a number of reasons, including the fact that though the duration of the programme is less, the resources, comprising the faculty and other facilities, are at par with the longer duration courses.
Because of the ‘Executive’ tag, these programmes are also clubbed along with part-time programmes for working executives. The net result is that they do not get the exemption from GST, unlike the two-year programmes.
Here, we present the one year MBA fees at the various institutes.
The one year MBA fees for PGPX 2019-20 is INR 25,00,000 plus applicable GST and cost of International Immersion Programme (IIP).
PGPX fee is usually a packaged/bundled fee which includes, for every student—tuition fees, books and course materials, accommodation, food charges (for those who are staying in SSH) and other service facilities such as the library, computing, network changes etc. However, this does not include the cost of International Immersion Programme (IIP). Utilities such as electricity, telephone, laundry, sports/gym subscription are additional and to be paid as per usage charges.
The total fee payable, including for shared accommodation is Rs 25,89,000 and Rs 27,24,500 with family accommodation. Tuition Fee covers the cost of tuition, course material, computing and networking, library, alumni association, student activities and career counselling.
The International Immersion fee is indicative, the amount will be restricted to actual expenditure incurred for each student towards travel, accommodation and course fees in the foreign university, any excess or shortfall will be adjusted by way of refund/additional claim from students.
One year MBA fees for PGPEX programme for the academic year 2019- 20 will be Indian Rs 22,00,000 (non-refundable) or equivalent US$ for one year, payable in four instalments. This amount includes tuition fees and cost of course material, books, accommodation (single) and economy airfare of study tours organized by IIMC.
In case you have opted for family accommodation, it will cost an additional Rs 48,000.
The fee for the Executive Post Graduate Programme in Management (EPGP) for Indian Nationals will be Rs 20,00,000 plus applicable tax. For foreign nationals, it will be US $49,950 plus applicable tax.
The fee includes tuition, course material, access to library facilities, network/computer charges, lodging and boarding. All expenses towards International travel, visa, passport, lodging and boarding (international) etc. would have to be borne by the candidate. Expenses towards academic input (international) are included in the fee.
The fee for IPMX (2019–20) is Rs 23,50,000 plus refundable caution money of Rs 30,000. The fee includes tuition fee, course material cost, student accommodation facility on campus, food charges, computing and networking, library services, career counselling, students’ activities, alumni association and convocation.
The fee for the Post Graduate Program for Executives – Managing Business in India and China (PGPEx- MBIC) for the academic year 2018-19 is yet to be announced.
Among the private institutes, the Indian Business School (ISB)’s Post Graduate Programme (PGP) in Management is the most expensive.
Indian Business School (ISB)
The total fees (tuition & other expenses inclusive of taxes) will be Rs 3,443,240 with shared accommodation and Rs 3,587,200 for studio accommodation. The admission fee is Rs 295,000. A security deposit of Rs 20,000 is to be paid.
Great Lakes Institute of Management
The total fees for the Post Graduate Programme in Management (PGPM) is Rs 15,63,000 for Indian students and $31500 for foreign students.
Fees and other charges for 15-month PGDM (General Management) will be approximately Rs 20 lakh (or equivalent in US dollars) for the academic year 2019 – 2020. Food, electricity and other personal expenses would be charged extra depending on the type of accommodation preferred by the student.
The Post Graduate Programme in Management (PGPM) is an AICTE approved programme having a one-year full-time residential component, preceded by a 3-month off campus blended web learning component. The fee is Rs 17,87,500 at present, subject to revision for the Class of 2020.
The one year mba fee for National Management Programme (NMP) PGP-EM is Rs 15,35,000 for the 2019-20 academic session.
If you are looking for a less-expensive option, the following could be considered.
IMI New Delhi
The Executive Post Graduate Programme, spread over 15 months, has a fee of Rs 11,00,000. With international study module, it goes up to Rs 17,00,000.
LBSIM New Delhi
The Lal Bahadur Shastri Institute of Management (LBSM) PGDM Executive is a full-time AICTE approved 15-month programme in the nature of an accelerated MBA designed specifically for high-performing professionals with work experience. The fee is Rs 5.2 Lakhs
The 15 months full-time residential programme leading to Executive Post Graduate Diploma in Management (Rural), PGDMX (R). This programme is recognized as equivalent to Executive MBA programme and approved by the All India Council for Technical Education (AICTE). The fee is pegged at Rs 10.10 lakh.