MBA Fees in India: Is It Worth the Investment?

Pursuing an MBA in India has become increasingly popular among graduates seeking to advance their careers in the business world. However, one crucial factor that often influences this decision is the cost of education. 

MBA fees in India vary widely, ranging from as low as ₹50,000 to as high as ₹45 lakhs. This comprehensive guide will explore the fee structures of various MBA programmes across India, helping you decide about your education investment.

MBA Fees in India: Top B-Schools

Regarding premier management education in India, the Indian Institutes of Management (IIMs) and other top-tier B-Schools often come to mind. These institutes are known for their rigorous curriculum, excellent faculty, and impressive placement records. However, their MBA fees in India are also among the highest.

It’s worth noting that these fees often include tuition, accommodation, and other essential services. While the MBA fees in India for these top institutes may seem steep, they often justify the cost through their excellent placement records and high return on investment.

University/Institute

Fees (in INR)

IIM Ahmedabad

23 – 25 Lakhs

IIM Bangalore

20 – 23 Lakhs

IIM Calcutta

20 – 23 Lakhs

XLRI Jamshedpur

21 – 24 Lakhs

SPJIMR Mumbai

21 – 24 Lakhs

MDI Gurgaon

21 – 24 Lakhs

FMS Delhi

2 Lakhs

IIM Lucknow

14 – 20 Lakhs

IIM Kozhikode

14 – 20 Lakhs

IIM Indore

14 – 20 Lakhs

Please Note: These fees are mentioned based on current information available in the market. Therefore, the actual number may be higher or lower depending on the location, experience, University/Institute and economic factors.

MBA Fees Under 10 Lakhs

For those seeking quality education at a more moderate price point, several reputable institutes offer MBA programmes with fees under ₹10 lakhs. Many of these are management departments of Indian Institutes of Technology (IITs) or other well-regarded universities.

These B-Schools not only provide more affordable MBA fees in India but also offer excellent placement opportunities and a strong brand value associated with the IIT name.

University/Institute

Course Name

Fees (in INR)

IIT Delhi – Department of Management studies

MBA

8 – 9 Lakhs

IIT Bombay – Shailesh J. Mehta School of Management

MBA

8 – 9 Lakhs

BITS – Pilani

MBA

9 – 10 Lakhs

IIT Kharagpur-Vinod Gupta School of Management

MBA

9 – 10 Lakhs

IIM Mumbai- Indian Institute of Management Mumbai

PGD Industrial Safety and Environmental Management

8 – 9 Lakhs

Amity University Noida

MBA Logistics and Supply Chain Management

5 – 6 Lakhs

Gems B-School

MBA in Digital Marketing

5 – 6 Lakhs

IIT Roorkee

MBA

9 – 10 Lakhs

Please Note: These fees are mentioned based on the current information available on the market. Therefore, the actual number may be higher or lower depending on the location, experience, B-School, and economic factors.

MBA Fees Under 5 Lakhs

For budget-conscious aspirants, there are numerous options available with MBA fees in India under ₹5 lakhs. These universities/institutes offer a range of MBA specialisations at fees ranging from ₹3-5 lakhs. While they may not have the same brand value as the IIMs or IITs, many of these institutes have strong industry connections and provide good placement opportunities.

It’s important to note that lower MBA fees in India don’t necessarily equate to lower-quality education. Many of these institutes have well-designed curricula and experienced faculty members.

University/Institute

MBA Course Name

Fees (in INR)

International School of Management and Research 

MBA

3 – 4 Lakhs

Chandigarh University

MBA Tourism and Hospitality Management

4 – 6 Lakhs

Amity University

MBA Agriculture and Food Business

4 – 5 Lakhs

AIMS Institute of Management Studies

MBA

3 – 4 Lakhs

Delhi Technical University {DTU}

MBA Business Analytics

4 – 5 Lakhs

Christ University

MBA Leadership and Management

4 – 5 Lakhs

Indira Institute of Management Pune

MBA

4 – 5 Lakhs

Galgotias University

MBA Logistics and Supply  Chain Management 

3 – 4 Lakhs

Please Note: These fees are mentioned based on current information available in the market. Therefore, the actual number may be higher or lower depending on the location, experience, University/Institute and economic factors.

MBA Fees Less Than 1 Lakh

For those seeking the most affordable options, several institutes offer MBA programmes with fees of less than ₹1 lakh. These are typically departments of management studies in central or state universities.

MBA fees in India vary widely, with some programs offering quality education at affordable rates. For budget-conscious students, there are options for MBA fees in India under 1 lakh rupees. 

These programmes often include government colleges, distance learning courses, and select private institutes. While top-tier institutes typically charge higher MBA fees in India, these more affordable options can still provide valuable skills and qualifications for aspiring business professionals. 

Students should carefully research programme quality and accreditation when considering lower-cost MBA options.

With the rise of digital learning, online MBA programmes have gained popularity, especially among working professionals. These programmes often offer more flexibility and lower MBA fees in India than traditional full-time programmes.

University/Institute

MBA Course Name

Fees (in INR)

Delhi School of Economics, University of Delhi 

MBA IB and MBA HRD

INR 31,392

Banaras Hindu University

MBA

INR 99,288 

Jamia Millia Islamia

MBA

INR 47,000

Department of Management Studies, Anna University 

MBA

INR 56,550

Tata Institute of Social Sciences, Mumbai 

PG Diploma in Community Media

INR 40,600

Vishwa Vishwani School of Business

MBA 

INR 54,000

YMCA- New Delhi

PGD Aviation & Tourism Management

INR 61,256

Maharshi Dayanand University Centre , Dwarka

MBA

INR 48,000

Please Note: These fees are mentioned based on current information available in the market. Therefore, the actual number may be higher or lower depending on the location, experience, University/institute and economic factors.

MBA Fees in India: Top Online University/Institute

In today’s fast-paced world, many aspiring professionals find themselves unable to pursue traditional MBA  programmes due to various commitments, primarily full-time employment. They are also concerned about MBA fees in India and need to continue working while studying.

MBA programmes offered by several respectable institutes and universities in India can now be completed online, enabling students to reconcile their professional goals with their current employment obligations.

These online MBA courses provide a flexible learning environment, enabling students to complete their studies at their own pace whilst maintaining their current employment. This approach is particularly beneficial for those who previously missed the opportunity to pursue an MBA due to personal or professional constraints.

University/Institute

Fees (in INR)

Amity University Online

1,95,000

Manipal Academy of Higher Education (MAHE)

2,80,000

Manipal University Jaipur

1,75,000

Symbiosis School For Online & Digital Learning

3,00,000

University of Uttaranchal

80,000 to 82,000

Sharda Online 

80,000

LPU Online

1,62,800

Please Note: These fees are mentioned based on current information available in the market. Therefore, the actual number may be higher or lower depending on the location, experience, University/Institute and economic factors.

Is It Worth The Investment?

When considering MBA fees in India, evaluating the return on investment is crucial. While top-tier institutes charge high fees, they often justify this through excellent placements and high starting salaries for their graduates.

For instance, graduates from IIMs often secure packages ranging from ₹20-25 lakhs per annum, allowing them to recoup their investment within a few years. However, this doesn’t mean more affordable MBA programmes aren’t worthwhile.

Let’s learn about some important factors which will help you clarify whether an MBA is worth an investment or not:

  1. Personal Growth: Moving on from the professional advantages of an MBA, it is also a process of personal growth, increased confidence, and enhanced ability to make the right decision. 
  2. Career Advancement: Having an MBA can help you get into management and leadership roles, which will increase your chances of progressing professionally.
  3. Skill Development: MBA programmes offer important leadership, management, and strategic thinking abilities that are used in many industries.
  4. Networking Opportunities: Many opportunities to connect with peers, instructors, and business professionals are offered by MBA programmes, which is advantageous for one’s future employment prospects.
  5. Global Opportunities: MBA from a reputed B-School can offer global acclamation and prospects when the programme is accredited/internationally affiliated.

Conclusion

While MBA fees in India can be substantial, especially at top-tier institutes, there are options available at various price points. Whether you opt for a premium IIM education or a more affordable state university programme, the key is to align your choice with your career goals, financial capacity, and long-term aspirations. With careful consideration and research, an MBA can be a worthwhile investment in your future, regardless of the fee structure you choose.

MBA in Human Resource Management Scope : FAQs

Q1.How much does an MBA typically cost in India?

The cost of an MBA in India is usually between Rs. 5 lakhs and Rs. 25 lakhs for the two-year programme, depending on the B-school’s ranking and position. 

Q2.Are there any affordable MBA options in India?

Some of the Government MBA colleges and few private MBA colleges provide MBA at a total fee of less than ₹5 lakhs. 

Q3.Which are the most expensive MBA programmes in India?

The fee structure in the top-ranked IIMs (Indian Institutes of Management) and other private B-schools, such as the ISB, usually costs more than ₹20 lakhs for the overall course. 

Q4. Do MBA fees include accommodation and other expenses?

Usually, the fees required for an MBA include tuition fees, but accommodation, books, and other expenses to be met by the student are extra. This includes tuition fees, accommodation, books, other expenses and assorted costs; always check with the specific institutes for details.

Q5.Are there scholarships available for MBA programmes in India?

Many universities provide merit-based scholarships. Business sponsorships and government scholarships are also offered to qualified applicants.

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