MBA Fees in India For Top B-Schools Admissions In 2023

In the last few decades, there has been a winning combination of degrees for success in the job industry — engineering and MBA. Although a lot of people might argue, it is a fact that an MBA course can catapult your career in a new direction. With this said, getting just an MBA from an ordinary college is less valuable as compared to getting it from one of the elite B-schools in India.

Top B-schools offer great career opportunities to students, but their courses are pretty expensive. Recently, the government of India has decided to cap the constantly increasing fees, so quality education becomes a lot more affordable. 

Now, we do not know when that will be a reality, so if you are planning to get an MBA degree, we suggest you look for the best MBA colleges with low fees.

How Much Do MBA Degrees Cost in Top B-Schools?

The MBA admission for the 2023-25 season is going to start soon, so it is crucial for MBA aspirants to know about the MBA fees they have to pay for an MBA programme in any of the top B-schools in India. Although the fee amount is pretty justified once you analyse the ROI, it is a deciding factor for many students. 

So, here is a table showing the top MBA colleges in India with fees.

IIM MBA Fees

List of IIMs	IIM Fees*
IIM Bangalore	₹23.20 lakh
IIM Ahmedabad	₹21 lakh
IIM Lucknow	₹19.25 lakh
IIM Calcutta	₹19 lakh
IIM Kozhikode	₹19 lakh
IIM Udaipur	₹17.59 lakh
IIM Rohtak	₹16.65 lakh
IIM Indore	₹16.50 lakh
IIM Trichy	₹16.50 lakh
IIM Sirmaur	₹15.75 lakh
IIM Ranchi	₹15.30 lakh
IIM Shillong	₹15 lakh
IIM Kashipur	₹14.75 lakh
IIM Raipur	₹14.21 lakh
IIM Nagpur	₹13.75 lakh
IIM Visakhapatnam	₹13.65 lakh
IIM Sambalpur	₹12 lakh
IIM Amritsar	₹12 lakh

*Please check with the respective college to confirm the MBA course fee and fee structure.

Top MBA Colleges in India with Fees: Thinking Beyond IIMs

When it comes to MBA, many people cannot think beyond the IIMs. And rightly so! IIMs are the top business schools in India with global recognition. However, plenty of other b-schools are at par with the IIM, all in terms of quality of education, fee structure, and opportunities. 

So, here is a list of all the best MBA colleges in India with fee structures. 

B-Schools	MBA Fees*
XLRI Jamshedpur	₹16.8 lakh
Great Lakes Institute of Management, Chennai	₹16.50 lakh
MDI Gurgaon	₹15.96 lakh
IIFT Delhi	₹14.50 lakh
SPJIMR Mumbai	₹14.5 lakh
XUB-XIMB	₹14 lakh
Goa Institute of Management	₹13.85 lakh
TAPMI Manipal	₹13.50 lakh
NMIMS Mumbai	₹13.15 lakh
IMT Ghaziabad	₹13 lakh
IBS Hyderabad	₹12.50 lakh
SIIB Pune	₹12.50 lakh
MS Ramaiah Institute of Management, Bangalore	₹12.5 lakh
IFMR Chennai	₹12 lakh
Alliance School of Business, Alliance University, Bangalore	₹12 lakh
DSM, DTU	₹11.5 lakh
SCMHRD Pune	₹11.2 lakh
DMS, NIT Trichy	₹10.87 lakh
KIAMS Harihar	₹9.98 lakh
LIBA Chennai	₹9.84 lakh
SDMIMD Mysore	₹9.80 lakh
IFIM Bangalore	₹9.50 lakh
LBSIM Delhi	₹8.95 lakh
IMNU, Ahmedabad	₹8.9 lakh
We School Mumbai	₹8.60 lakh
PSG Institute of Management	₹8.60 lakh
Universal Business School, Karjat	₹8.48 lakh
NITIE Mumbai	₹8.10 lakh
IRMA	₹8 lakh
XIME Bangalore	₹8 lakh
IPE Hyderabad	₹8 lakh
Jaipuria Institute of Management, Noida	₹7.90 lakh
KJ SIMSR, Mumbai	₹7.8 lakh
SCMS Cochin	₹7.50 lakh
Amrita School of Business, Coimbatore	₹7 lakh
Fortune Institute of International Business, New Delhi	₹6.95 lakh
Christ University, Bangalore	₹6.75 lakh
VGSoM, IIT Kharagpur	₹6.72 lakh
Shiv Nadar University	₹6.72 lakh
VJIM, Hyderabad	₹6.5 lakh
Jagan Institute of Management Studies (JIMS), Rohini	₹6.10 lakh - PGDM & PGDM-IB ₹5.10 lakh - Retail & Marketing
AIMS Bangalore	₹6 lakh (MBA), ₹4 lakh (PGDM)
DoMS, IIT Madras	₹6 lakh
VIT Business School, Vellore	₹5.98 lakh
BVIMR, Pune	₹5.57 lakh
SSIM Secunderabad	₹5.50 lakh
FLAME University, Pune	₹5.5 lakh- MBA, ₹5 lakh - MBA in Communication
Dr. D Y Patil School of Management, Pune	₹5.4 lakh
Thiagarajar School of Management, Madurai	₹5.38 lakh
IIFM Bhopal	₹4.80 lakh
Chitkara Business School, Chandigarh	₹4.64 lakh
DMS, IIT Delhi	₹4.39 lakh
DoMS, IIT Roorkee	₹4.18 lakh
MANAGE Hyderabad	₹4.05 lakh
DMS, IISc. Bangalore	₹3 lakh
ABV - Indian Institute of Information Technology and Management	₹2.36 lakh
SJMSoM, IIT Bombay	₹2.25 lakh
NIT Warangal	₹2.1 lakh
JBIMS Mumbai	₹2 lakh
DIME, IIT Kanpur	₹1.60 lakh
SIMSREE Pune	₹1.36 lakh
DMS, University of Pune	₹1.31 lakh
FMS, University of Delhi	₹20 thousand

*Please check with the respective college to confirm the MBA course fee and fee structure.

Our lists of top MBA colleges with fees, private and public, probably have given an idea of how much the cost of doing an MBA from a business school in India can be. And clearly, India’s top-tier business school MBA fees are high, and not everyone can afford them. So, here is a piece of information that MBA aspirants may find helpful. 

If you can crack the MBA entrance examination and secure a high percentile, you can take an education loan to get into one of the top business schools. In such a case, the return on investment can be very high because those colleges offer the best placement. 

FAQ - MBA Fees in India  

• How can I get MBA admission in 2023

To get admission into an MBA course, candidates need to take an entrance test. Most colleges in India consider national-level entrance tests like CAT/MAT/GMAT/XAT/ATMA etc. 

• How much does an average MBA cost in India?

The average fee for an MBA course in India is ₹9 lakh to ₹11 lakh.