MBA Fees in India: Check Fees of Top MBA Colleges in India

Yash Dhamija

Updated On: June 13, 2024 01:22 pm IST

The annual MBA fees in India ranges from INR 15,000 to INR 35,00,000. The MBA course fees in Government colleges have been observed to be lower compared to the charges at private institutions. The tuition fee at IIMs rises up to INR 27,00,000 (IIM Calcutta). 

MBA Fee in India

MBA Fees in India range from roughly INR 15,000 to INR 35 lakh. The tuition fees at government colleges have been observed to be lower when compared to those at private MBA institutions. This is because they receive financial aid from the state or the central government to conduct their MBA programmes. Notably, the premier MBA institutes of India are the Indian Institutes of Management (IIMs) where the MBA fees range from INR 16,00,000 to INR 23,00,000. There are variations in course fees even among the IIMs, for instance, the fees of PGP programme at IIM Sirmaur is INR 16,00,000, while the MBA course fees at IIM Ahmedabad is INR 23,00,000. Apart from IIMs, the MBA fees at other Tier 1 colleges in India like SPJIMR, MDI Gurgaon, IIFT Delhi, XLRI, etc. are very high, ranging from Rs. 14,00,000 to Rs. 27,00,000. However, it comes as a relief to the candidates that there are still many top MBA colleges in India like FMS Delhi and JBIMS Mumbai that offer affordable MBA courses in spite of having an excellent placement record.

The cost of pursuing an MBA is influenced by several factors, including hostel amenities, infrastructure quality, curriculum offerings, and the overall reputation of the college. When choosing an MBA college in India, students often prioritize the affordability of the fees. In this article, Collegedekho presents a list of top MBA colleges in India along with their fee details. We recommend candidates visit the official websites of these colleges to compare their infrastructure and admission requirements.

Also Read:

List of MBA Colleges Accepting 80-90 Percentile in CAT

Top B-schools that Accept CAT Percentile Below 90 other than IIMs

MBA Colleges Accepting 60-70 Percentile in CAT 2024

List of Top IIMs in India 2024

MBA Fees of IIMs

When discussing MBA colleges in India, the Indian Institutes of Management (IIMs) stand out as the premier MBA institutions in the country. India is home to over 20 IIM campuses scattered across the country, each with its own unique fee structure. Taking into account the fee structure of each IIM institution is crucial for candidates to make an informed decision while choosing which institution to go for an MBA. For instance, the PGP program at IIM Sirmaur has a fee of INR 11 lakh, whereas the MBA program at IIM Ahmedabad requires INR 23 lakh in fees.

In the table provided below are listed the IIM fees for MBA 2024 :


Programme Fee Approx.

IIM Ahmedabad(IIM A)

INR 23,00,000

IIM Bangalore(IIM B)

INR 23,00,000

IIM Calcutta(IIM C)

INR 27,00,000

IIM Lucknow(IIM L)

INR 19,25,000

IIM Indore(IIM I)

INR 17,00,000

IIM Kozhikode(IIM K)

INR 17,50,000

IIM Shillong(RGIIM)

INR 13,00,000

IIM Raipur

INR 14,20,400

IIM Ranchi

INR 15,30,000

IIM Rohtak (IIM R)

INR 15,20,000

IIM Kashipur

INR 14,75,000

IIM Trichy

INR 11,80,000

IIM Udaipur (IIM U)

INR 17,05,400

IIM Amritsar

INR 12,00,000

IIM Bodh Gaya (IIM BG)

INR 11,00,000

IIM Nagpur (IIM N)

INR 13,75,000

IIM Sambalpur

INR 13,03,000

IIM Sirmaur(IIM S)

INR 11,75,000

IIM Visakhapatnam (IIM Vizag)

INR 10,70,000

IIM Jammu (IIM J)

INR 14,82,000

IIM Mumbai (Formerly NITIE) TBA

MBA Fees of Top B-Schools Other than IIMs

Apart from IIMs, there are many other B-schools that have been ranked among the top in India. Some of them are MDI Gurgaon, IIFT-Delhi, and XLRI-Jamshedpur. MBA fees of these colleges range from INR 11 lakh per annum to INR 30 lakh. The table provided below will help you know the MBA Fees of top B-Schools other than IIMs.


Program Offered


FMS, Delhi


INR 20,960

MDI, Gurgaon


INR 21.34 lakh

IIFT, New Delhi

MBA International Business

INR 16.25 lakh

Symbiosis Institute Of Business Management, Pune


INR 11.32 lakh

IMI, Delhi


INR 18.34 lakh

IMT, Ghaziabad


INR 17.55 lakh

BIMTECH, Greater Noida


INR 12.00 lakh

IRMA, Anand


INR 12.08 lakh

TAPMI, Manipal


INR 15.10 lakh

Symbiosis Institute of Business Management, Bangalore


INR 8.00 lakh

XLRI Jamshedpur, Xavier School of Management


INR 22.00 lakh

SPJIMR, Mumbai


INR 17.87 lakh

ISB, Hyderabad


INR 35.98 lakh

Jamnalal Bajaj Institute of Management Studies, Mumbai


INR 6.00 lakh

NMIMS Mumbai, School of Business Management


INR 17.50 lakh

Prin. L. N. Welingkar Institute of Management Development & Research, Mumbai


INR 11.00 lakh

K. J. Somaiya Institute of Management Studies And Research, Mumbai

PGDM International Business

INR 11.66 lakh

Xavier Institute of Management, XIMB, Bhubaneshwar

MBA Business Management

INR 18.30 lakh

Great Lakes Institute of Management, Chennai


INR 17.15 lakh

Entrepreneurship Development Institute of India, Ahmedabad

PGDM Business Entrepreneurship

INR 13.22 lakh

Colleges with MBA Fees Less than Rs 10 lakh

Some of the colleges that have MBA fees less than INR 10 lakh per annum are provided in the table below.


Program Offered


IIT Delhi, Department of Management Studies

MBA Telecommunication Systems Management

INR 8.80 lakh

IIT Bombay, Shailesh J. Mehta School of Management


INR 8.32 lakh

BITS, Pilani


INR 7.64 Lakh

IIT Roorkee


INR 9.21 lakh

NITIE, Mumbai

PGD Industrial Safety and Environmental Management

INR 12.53 lakh

IIT Kharagpur, Vinod Gupta School of Management


INR 10.82 lakh

Symbiosis Centre for Management and Human Resource Development, Pune


INR 8.13 lakh

BML Munjal University, Gurgaon


INR 5.25 lakh

Amity University, Gwalior


INR 5.16 lakh

KIIT School of Management, Bhubaneswar


INR 9.2 lakh

Colleges With MBA Fees Less than Rs 5 lakh

Candidates looking for colleges that have MBA fees less than 5 lakh per annum can check the table provided below.


Program Offered


Acharya Bangalore B-School, Bangalore


INR 4 lakh

Chandigarh University, Chandigarh


INR 3.56 lakh

International Business School Washington, Bangalore


INR 4.75 lakh

Amity Business School, Noida


INR 3.5 lakh

Tata Institute of Management Studies (TISS), Mumbai


INR 4 lakh

Christ University, Bangalore


INR 4.2 lakh

Jamnalal Bajaj Institute of Management Studies (JIBMS), Mumbai


INR 3.01 lakh

Colleges With MBA Fees Less than Rs 1 lakh

Most of the MBA colleges that have fees less than INR 1 lakh per annum are the central or state level universities. The table provided below contains some of the top B-Schools of India which have fee less than Rs. 1 lakh.


Program Offered


Jamia Millia Islamia


INR 33,170

Bhai Gurdas Group Of Institutions, Sangrur


INR 72,000

Chandigarh Group Of Colleges, Landran, Mohali


INR 92,000

Delhi School of Economics


INR 52,000

Guru Gobind Singh Indraprastha University


INR 60,000

Factors Determining MBA Fees in India

There is a significant difference among the fees for MBA programmes in India across different institutions owing to the following factors:

MBA fees in India

  • Reputation and ranking of the institution serves as the primary criterion for the variation in fee range. Since the most premier institutions like IIMs, ISB, MDI Gurgaon, XLRI, IIFT Delhi, Symbiosis Bangalore, etc. have a greater brand value, infrastructure, alumni network, and placement records, the MBA course fees at these colleges are comparatively higher.
  • MBA course fees also vary across the different modes in which the programmes are offered. For instance, a full-time MBA is the most expensive due to the comprehensive curriculum, resources, and facilities provided. An Executive MBA is also expensive since it has a tailored curriculum specifically designed for working professionals with few years of experience at the managerial level and offered by highly-qualified and experienced faculty. Compared to these, a part-time MBA and a Distance MBA have been observed to be less expensive.
  • Colleges with modern infrastructure and facilities like the state-of-the-art campuses, libraries, hostels, sports facilities, etc. often demand higher course fees.
  • It has also been observed that colleges with strong placement records or industry ties and high average salary packages charge higher fees.

Admission Process at MBA Colleges in India

Before enrolling in the MBA colleges in India, candidates must first determine whether they want to pursue an MBA in Finance, Marketing, HR, Operations Management, Business Analytics, International Business, or IT, etc. and then look for the institutes that offer their desired programme. Candidates must have obtained a bachelor's degree with a minimum of 50% marks (45% for reserved categories) from a recognized university and professional experience ranging from 2-5 years to seek admission to these institutes. Apart from that, clearing entrance exams like CAT/XAT/MAT also stands as mandatory. Candidates obtaining the minimum cutoff scores in the MBA entrance exams become eligible for the subsequent rounds like Group Discussion (GD) that evaluates the communication skills and group dynamics of the candidate, Personal Interview (PI) that assesses his/her personality, motivation, and competence for the programme, and Written Ability Test (WAT) that evaluates his/her written communication skills and thought process.
The final admission will be based on the Merit List created on the basis of the overall performance of the candidates in entrance exam, GD, PI, and WAT. Candidates must secure their seats after application fee payment and document verification.

Related Articles:

IIM Selection Criteria 2024-26 CAT vs CMAT, NMAT, XAT, SNAP, IIFT & Other MBA Entrance Exams
Documents Required for MBA Admissions IMI Delhi Selection Process
GIM Goa Selection Process GLIM Chennai Selection Process

Candidates can check the fee structure of all the MBA colleges in India from their information brochure as well as the official website. Apart from this, candidates can also call on our toll-free number. Our experts will help them know the admission process and fee structure of the selected college. Those who are looking for admission to any MBA college of India can fill our Common Application Form .

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Why are MBA fees so high?

MBA is a professional postgraduate course that is high in demand. MBA colleges not only have to arrange high-quality curriculum but also top-notch faculty, industry-visits, practical exposure, placement and networking services etc all of which contribute towards increasing the fee for MBA courses.

Can I study MBA for free?

Yes, you can study MBA for free with the help of scholarships. There are many colleges that offer MBA scholarships in India such as MDI Gurgaon, IRMA Anand, ISB Hyderabad and Amity Noida. You will have to satisfy the eligibility criteria decided by the college to apply for scholarships.

Who has the cheapest MBA program?

FMS Delhi offers the cheapest MBA program. The total fee of the college is INR 21,000.

What is the average fees for MBA in Top B schools in India?

The average fees for MBA in Top B schools in India is INR 9 lakh.

What is the average fees for MBA in IIM Colleges in India?

The average fees for MBA in IIM Colleges in India is INR 14 lakh.

What is the estimated fee for studying MBA in India?

It totally depends on the college which the student is targeting for admission. The average fee of IIMs is INR 14 lakh while the average fee for other private MBA colleges in India is INR 9 lakh.

What is the minimum fees for MBA in India?

The minimum fees for MBA in India is INR 15,000.

What is the average fees for MBA in India?

The average fee for MBA in India is INR 10 lakh per annum. The fee for MBA in India will vary from college to college.

Who releases the UPSEE MBA cutoff?

UPSEE MBA cutoff is released by all the participating colleges of UPSEE MBA separately.

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Dear student, 

No, Amity University Chhattisgarh does not offer scholarship to MBA students based on marks scored in graduation. However, It does provide scholarships to MBA students based on merit scored in CAT and MAT. 25% to 100% scholarship is offered to candidates with 80 to 93 percentile in CAT and MAT. You must check out Amity University Chhattisgarh scholarships for more details. 


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