A Glimpse into Fee Structure of Top 20 B-Schools-The structure of MBA rates in India has a great variety of a few plus twenty lakhs. In addition, the MBA rate has undergone many changes in almost all MBA universities: IIM, best universities in PGDM or others. For a period of 6-7 years, the full-time MBA rate structure has experienced a large ascendant upsurge of between 5 and 15 percent in almost all MBA colleges each year. Therefore, a fee is one of the crucial factors in choosing the right B-School. As the MBA enrollment season begins, it is important for MBA aspirants who expect a call from the top B schools to know about the fee they must pay for their chosen MBA program. Although the fee amount does not matter if you get access to top B schools, you still need to know the fee amount so that you can also analyze the ROI factor.
The IIM and Top rated MBA institutes have increased the rate every year. IIM Ahmedabad, Bangalore, Calcutta and other IIM have augmented the rate almost every year, for instance, IIM A has improved its fee of Rs.16 lakhs to Rs.20 lakhs in just a period of 4 years. The same propensity is shadowed by higher PGDM institutions such as XLRI, IMT, and MDI.
Mastering MBAs from top B schools and managing their expenses has become a matter of making money bigger hole. Nearly all top-level MBAs, such as IIM Ahmedabad, IIM Bangalore, IIM Lucknow, XLRI, SPJIMR, MDI, and IMI have increased amid 10 and 20 percent of the leading PGDM programs beginning in 2017.
Except that access to MBAs is intense and requires a lot of studies and practice from preparing for a written entrance exam, you also have no assurance that you will get access to expensive IIM Ahmedabad, Bangalore or Calcutta even if you score a very high Common Admission Test (CAT) exam. And now, in order to meet the cost of the costly management program, you need to allocate more funds either on your own or borrow from the same available resources.
It’s also a fact that not everyone can do it to these exclusive MBA programs. And, apparently, not all the aspiring students can afford to pay as much as the total expenditure increases and goes much higher after adding the other associated costs, such as incarnate expenses, medical insurance, travel, books, international trips, etc.
Here is a list of how much % the fees has got increased since recent years in the top b-schools.
|Institute Name||% Increase Fees|
MBA fees structure in India has a wide range, starting from some thousands and going up to more than twenty lakhs. Over the past 6 to 7 years, the full-time MBA fee structure has seen a tremendous increase in a range of 5 to 15 percent in almost all MBA colleges each year. The shorter the length of the MBA program, the lower the cost of living and the opportunity costs (the income is also lost during the study period). Select the university taking into account your financial scenario, as well as a decent brand that offers you a good ROI (return on investment).
Although the right way to calculate the return on investment (ROI), is an MBA degree, estimate the annual remuneration increase and find out how many years it will take to get the student loan/speculation through salary increases over a 5-year period years; If you associate the program fee with the placement compendium, you still get an idea of it.
Before embarking on a specific B-school to pursue MBA / PGDM or any course for this matter, you need to compare and analyze the fee structure of different colleges. Program fees and other expenses must be within your budget. The total course fee of the best B schools in India usually starts at Rs 5 Lakh (except FMS, which charges INR 10, 000 per year). Today, many institutions support candidates for student loans. Choose the colleges, check their fees, their credit facility, their terms, understand the process of interest, payment, etc., and then make a conversant decision.