MBA Fees in India 2024: Fee Structure for IIMs, Government/Private Colleges
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MBA fees in India depend on the type of college, the city where the college is located, the infrastructure, and the various placement opportunities available for students. If the fees in top IIMs are around INR 10-15 LPA, the MBA course fees in tier 2 & tier 3 colleges vary from INR 3-10 LPA. One-year MBA course fees are around INR 2-3 LPA and part-time MBA costs are INR 6-25 LPA. The Executive MBA fees in India are approximately INR 8-10 LPA.
MBA course is a 2-year postgraduate programme that focuses on core business management principles like marketing, finance, accounting, operations, etc. The MBA fee structure is slightly higher for top MBA specializations like MBA in Finance, MBA in Marketing, MBA in HR, etc.
Table of Contents
- MBA Fees for Top Colleges in India
- Tier Wise MBA Fees for Popular Colleges in India
- MBA Fees for Top 10 Specializations
- MBA Fees 2024 for Different Types of MBAs
- MBA Scholarships
MBA Fees for Top Colleges in India
Students can aim to pursue their MBA in top B schools like IIMs which have an average fee of around INR 10-15 LPA. There are other top government and private MBA colleges where students can pursue their MBA. Students can get admitted to various MBA colleges by clearing entrance exams like CAT, MAT, XAT, etc, and by clearing group discussions and personal interviews.
Also Check: MBA Admission Process 2024
IIM MBA Fees 2024
The table below lists the top IIM colleges in India along with the average IIM MBA fees:
|
NIRF Management Rankings 2023 |
College Name |
Average MBA Fees (INR) |
|
1 |
15.75 LPA |
|
|
2 |
11.25 LPA |
|
|
3 |
11.25 LPA |
|
|
4 |
13.5 LPA |
|
|
6 |
7 LPA |
|
|
8 |
12.47 LPA |
|
|
11 |
7.96 LPA |
|
|
12 |
10.50 LPA |
|
|
16 |
3.64 LPA |
|
|
19 |
6 LPA |
|
|
22 |
8.25 LPA |
|
|
24 |
7.50 LPA |
|
|
26 |
7.30 LPA |
|
|
29 |
- |
|
|
41 |
8.57 LPA |
|
|
43 |
9.45 LPA |
Also, Check: Why MBA from IIM is so special?
MBA Government College Fees Less than 5 Lakhs 2024
The MBA fees in government colleges are 10K-5 LPA. Candidates can find the list of top government MBA colleges in India mentioned below in the table along with their average fees:
|
SI.No |
College Name |
Average Fees (INR) |
|
1. |
10,480 PA |
|
|
2. |
1,54,050 PA |
|
|
3. |
1,77,500 PA |
|
|
4. |
4,80,000 PA |
|
|
5. |
2,24,000 PA |
Read More: Top Government MBA Colleges with Low Fees
MBA Private College Fees Less than 10 Lakhs 2024
The fees in some top private MBA colleges are in the range of 3-10 LPA. The table below contains the best private MBA colleges in India along with their average fees:
|
SI.No. |
College Name |
Average MBA Fees (INR) |
|
1. |
3.5 LPA |
|
|
2. |
6.94 LPA |
|
|
3. |
3.80 LPA |
|
|
4. |
4.40 LPA |
|
|
5 |
PES University |
7 LPA |
Read More: Top Private MBA Colleges with Fees
Tier Wise MBA Fees for Popular Colleges in India
Tier-1 MBA colleges have higher fees compared to tier-2 and tier-3 MBA colleges. Students can look for colleges based on their residence, affordability and specialisation. The MBA fees in India for various tier-1, tier-2, and tier-3 colleges are provided below:
MBA Fees for Tier-1 MBA Colleges
Average fees in some of the tier-1 MBA colleges in India are around 20-40 LPA. Given below are some prominent MBA colleges along with their fee details.
| College Name | Average MBA Fees (INR) |
| NMIMS | 9.64 LPA |
| IGNOU | 31,000 PA |
| ISB Hyderabad | 41.63 LPA |
| IIFT Delhi | 21 LPA |
| National Institute of Industrial Engineering, Mumbai | 5 LPA |
| Shailesh J. Mehta School of Management, IIT Bombay | 3.63 LPA |
| UPES | 7.62 LPA |
| BITS Pilani | 11 LPA |
Read More: Tier 1 MBA Colleges in India
MBA Fees for Tier-2 MBA Colleges
MBA fees in tier-2 management colleges in the country are in the range of 3-10 LPA. Tabulated below are some well-known MBA colleges along with fee details.
| College Name | Average MBA Fees (INR) |
| SIIB | 10.95 LPA |
| SIBM, Bangalore | 9.45 PA |
| Galgotias University | 1.15 LPA |
| Great Lakes Institute of Management, Chennai | 9 LPA |
| Parul University | 90,000 PA |
| IIT Madras | 3.20 LPA |
| BHU | 49,807 PA |
| IFMR Chennai | 7.28 LPA |
| MIT Pune | 4.50 LPA |
Read More: Tier 2 MBA Colleges in India
MBA Fees for Tier-3 MBA Colleges
The MBA fees in India for tier-3 MBA colleges is estimated to be around 2-10 LPA. Given below is a list of some good MBA colleges with their fee details.
| College Name | Average MBA Fees (INR) |
| Sharda University | 3.50 LPA |
| DY Patil Vidyapeeth | 40,000 PA |
| Chitkara University | 3.10 LPA |
| Manipal University | 11.16 LPA |
| K. J. Somaiya Institute of Management Studies | 10.36 PA |
| Department of Financial Studies, University of Delhi | 51,720 PA |
| Mudra Institute of Communications, Ahmedabad | 1.20 LPA |
| SRM University | 4 LPA |
| Christ University | 4.3 PA |
| Jain University | 5.75 LPA |
| Nirma University | 10 LPA |
Read More: Tier 3 MBA Colleges in India
MBA Fees for Top 10 Specializations
Some of the demanding MBA specializations in Finance, Marketing, HR, etc have higher fees in the range of INR 10-20 LPA compared to other specializations like MBA IT and MBA Hospital Management which have around INR 4-10 LPA fees. Listed below are the average fees offered for the top 10 MBA specializations in various colleges in India:
| Top MBA Specialisations | Average MBA Fees (INR) |
| MBA in Finance | 2-10 LPA |
| MBA in Marketing | 5-10 LPA |
| MBA in HR | 5-20 LPA |
| MBA in Information Technology | 1.3-25 LPA |
| MBA in Supply Chain Management | 50K-30 LPA |
| MBA in Operations Management | 3-27 LPA |
| MBA in Business Analytics | 4-12 LPA |
| MBA in Hospital Management | 1-5 LPA |
| MBA in International Business | 5-10 LPA |
Also, Check: List of all MBA Specializations
MBA Fees 2024 for Different Types of MBAs
The MBA fees in India differ for various modes of teaching MBA courses. There are several options available for students to choose their preferred type of MBA based on the fee structure. Given below are some common types of MBA along with fee details.
|
Type |
MBA Duration |
Average MBA Fees (INR) |
|
MBA Full Time |
2 Years |
10,000-40 LPA |
|
MBA Part-Time |
3+ Years |
6-25 LPA |
|
1-2 Years |
50,000-4 LPA |
|
|
2-4 Years |
20,000-60,000 PA |
|
|
1 Year |
8-10 LPA |
|
|
1 Year |
2-3 LPA |
|
|
5 Years |
50,000-10 LPA |
Read More: Different Types of MBA
MBA Scholarships
For students seeking a Master's in Business Administration, MBA scholarships are very helpful. They offer financial support to students who might struggle to pay for their fees and other costs. Below mentioned are a few scholarships for MBA courses:
|
Scholarship |
Scholarship Amount |
|
INR 36,000 PA |
|
|
INR 4.8 LPA |
|
|
INR 75,000 PA |
|
|
INR 2 Lakhs |
|
|
INR 75,000 PA |
|
|
Tuition fee remission of up to 50% |
Read More: MBA Scholarships
Top MBA [Master of Business Administration] Colleges
Top Management Entrance Exams
Exam Date: May 19, 2024
MBA Fee Structure
FAQs
What are the fees for MBA in IIMs?
The MBA fees in some top IIMs vary from 10-15 LPA.
What is the MBA cost in India?
The MBA college fees in India range from 2 to 40 LPA.
What are the MBA fees in top government colleges?
The MBA course fees in government colleges vary from 10K-1.25 LPA.
What is the MBA fee structure in private colleges?
The MBA total fees in private colleges range between 2-10 LPA.
Which MBA college is best to study at?
Students can pursue MBA from top IIMs or colleges like SIIB, XLRI, NMIMS, IIT Mumbai, etc.
Which MBA specialization has more fees?
MBA in Marketing, MBA in Finance, MBA in HR, etc are some top MBA Specialisations that have a fee of around INR 2-20 LPA.