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MBA Fees in India 2024

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Amrapali Bhowmik

Updated on 15th July, 2024 , 2 min read

MBA Fees in India 2024: Structure, Government, in IIT, Low Fees, High Fees

MBA stands for Master in Business Administration. It is a postgraduate degree program that allows students to enhance their managerial, leadership, and professional skills. This degree helps students to level up their careers with advanced studies and skill training. It is helpful for professionals to climb up the corporate ladder as well as for individuals who want to establish their business ventures. Anyone with a bachelor’s degree can enroll in an MBA program at various colleges and universities in India.

 

There are several colleges and universities in India that offer MBA courses. These include the most popular IIMs (Indian Institute of Management), IITs (Indian Institute of Technology), and many governments as well as private colleges/universities. However, the course fee for an MBA is different for different institutes. 

 

Let us take a look at the varying course fees across all the institutes offering MBA courses in India. 

MBA Course Fees in IIMs 2024

IIMs are the top business schools in India providing MBA/PGPM courses. The fees for MBA in IIMs are the highest, compared to any other colleges in India. Below is a list of all the IIMs and the annual course fee for each IIM.

Name of IIMs

Annual Course Fee

IIM Ahmedabad

INR 12.30 lakhs

IIM Bangalore

INR 12.25 lakhs

IIM Calcutta

INR 13.35 lakhs

IIM Lucknow

INR 10.37 lakhs

IIM Indore

INR 10.58 lakhs

IIM Kozhikode

INR 10.25 lakhs

IIM Shillong

INR 8.75 lakhs

IIM Rohtak

INR 8.90 lakhs

IIM Ranchi

INR 8.75 lakhs

IIM Raipur

INR 7.96 lakhs

IIM Trichy

INR 9.75 lakhs

IIM Kashipur

INR 8.65 lakhs

IIM Udaipur

INR 9.00 lakhs

IIM Nagpur

INR 9.45 lakhs

IIM Visakhapatnam

INR 8.92 lakhs

IIM Bodh Gaya

INR 8.50 lakhs

IIM Amritsar

INR 8.00 lakhs

IIM Jammu

INR 8.57 lakhs

IIM Sirmaur

INR 7.87 lakhs 

IIM Sambalpur

INR 6.54 lakhs

MBA Course Fees in IITs 2024

Many IITs also provide MBA courses. The annual fees in IITs are lower than that of IIMs. Below is a list of the IITs and the annual course fee for an MBA degree in these colleges.

Name of IIT

Annual Course Fee

IIT Bombay

INR 2.24 lakhs

IIT Kharagpur

INR 3.14 lakhs

IIT Madras

INR 4.00 lakhs

IIT Delhi

INR 4.80 lakhs

IIT Kanpur

INR 1.54 lakhs

IIT Roorkee

INR 4.20 lakhs

IIT Dhanbad

INR 1.77 lakhs

 

MBA Course Fees in Government Colleges 2024 (Less than 1 Lakh)

Below is the list of the top government colleges in India that offer management studies. The course fees in these colleges are relatively low, mostly less than 1 lakh.

 

High MBA Fees in India 2024 (More than 5 Lakhs)

Below is the list of some of the top MBA colleges including IIMs and a few private colleges that charge more than 5 lakhs fees and are considered to be expensive.

Name of College

Annual Course Fee

IIM Udaipur

INR 9.00 lakhs

IIM Ahmedabad

INR 12.30 lakhs

IIM Kozhikode

INR 10.25 lakhs

IIM Rohtak

INR 8.90 lakhs

IIM Ranchi

INR 7.80 lakhs

Symbiosis Institute of Business Management, Pune

INR 9.60 lakhs

Narsee Monjee Institute of Management Studies

INR 10.42 lakhs

SP Jain School of Global Management

INR 15.74 lakhs

Indian Institute of Foreign Trade, New Delhi

INR 7.60 lakhs

N.L. Dalmia Institute of Management Studies and Research

INR 8 lakhs

 

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Frequently Asked Questions

What is an MBA?

MBA stands for Master in Business Administration. It is a postgraduate degree program that allows students to enhance their managerial, leadership, and professional skills.

Which is the best college for MBA in India?

All the 21 IIMs are the best college for MBA in India.

Which IIT is best for MBA?

IIT Bombay, IIT Kharagpur, IIT Madras, IIT Delhi, IIT Kanpur, IIT Roorkee, and IIT Dhanbad are the best IITs for MBA.

What is the fees of IIT for MBA?

The fees of the top IITs for MBA ranges from INR 1.50 lakhs to INR 4.80 lakhs.

Can I join IIT for MBA?

Yes, one can join IIT for MBA on the basis of their CAT score.

What are the fees of IIM for an MBA?

The fees of IIM for an MBA range between INR 15.50 lakhs to INR 27 lakhs.

Which IIM has the lowest MBA fees?

IIM Bodh Gaya has the lowest MBA fees. It has a fee of INR 15.50 lakhs.

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