What is the Total Cost of MBA?

MBA is a popular and rewarding career choice of many graduates aiming to climb corporate ladder and to enhance their business acumen for future successful career. Before embarking the MBA journey, candidates need to know the total cost of the MBA program.

 

The total MBA course fees vary depending on the type of institution, type of MBA specialization and location. In this blog, we will provide comprehensive guide about MBA course fee with focus on MBA fees in Government College and MBA course fees in Delhi colleges. The details about MBA course duration, helps aspiring students make an informed decision.



MBA fees in Government College

 

MBA fees in government colleges have affordable course fees for the learners. MBA aspirants prefer MBA government colleges for quality education, outstanding placement cell, and strong industrial network for students.

 

The total MBA fees is cost effective as the government colleges comes under government policies, it receives financial support by government grants. MBA government colleges also offer special scholarships for economical weaker section students.

 

Mentioned below is the list of leading MBA government colleges with their approximate fees structure:

 

Sr. No.

Name of the college

Total fee

1

Jamia Millia Islamia

39000-58000

2

Faculty of Management Studies, University of Delhi (FMS DU)

2L-3 Lakhs

3

Department of Management Studies (DMS) at IIT Delhi

 

4

Guru Gobind Singh Indraprastha University

2L-7 Lakhs

5

KCC Institute of Technology and Management (KCC-ITM)

2.6 Lakhs

6

Indian Institute of Foreign Trade (IIFT), Delhi

9.5 L-21.5 Lakhs

7

Delhi School of Economics (DSE DU)

53,980

8

Banaras Hindu University (BHU)

1 L-1.5 Lakhs

9

Tata Institute of Social Sciences (TISS), Mumbai

1.2Lakhs

10

Lal Bahadur Shastri Institute of Management

6L-7.8 Lakhs

 

Candidates who are seeking budget-friendly quality management colleges with robust placement options make government MBA colleges an attractive option.

 

MBA course fees in Delhi

 

In India, Delhi is a prominent educational hub for management education. Selecting right MBA colleges is an important decision for the future managers and the corporate leaders. MBA colleges in Delhi offer many specializations, at a variety of fee range.

 

The range of fee structure for MBA program in Delhi vary from 50,000 to plus 30 lakhs depending on the type of college (government or private), specialization (HR, operations, international business or finance) location (urban or rural) and course mode (full-time MBA, part-time MBA, executive MBA, online, or distance MBA learning) .

 

Mentioned below is the list of MBA course fees in Delhi, top government and private colleges:

 

Sr.No.

College Name

MBA Fee (Total 2 Years)

Type

1

Lal Bahadur Shastri Institute of Management

7.8 Lakhs

Government

2

Faculty of Management Studies, University of Delhi (FMS DU)

2 Lakhs

Government

3

Jamia Millia Islamia (JMI)

39,000–58,000

Government

4

International Management Institute (IMI Delhi)

16–22 Lakhs

Private

5

Foundation for Organisational Research and Education (FORE School

16–20 Lakhs

Private

6

KCC Institute of Technology and Management (KCC-ITM)

2.6 Lakhs

Private

7

Indian Institute of Foreign Trade (IIFT Delhi)

                   17–22 Lakhs

Government

8

New Delhi Institute of Management (NDIM Delhi)

9–12 Lakhs

Private

9

Jagannath Institute of Management Studies (JIMS Delhi)

8–9 Lakhs

Private

10

Guru Gobind Singh Indraprastha University

2 Lakhs

Government

 

MBA Course Duration

 

MBA course duration varies depending on the type of course mode selected by the candidates. MBA program is offered in various medium such as full time, part time, executive MBA, online and integrated MBA program.

 

Hence, understanding the MBA course duration is essential as which type of course medium will align with the candidate’s career goals and aspirations. This will also affect the total cost of MBA program. Following are the type of MBA course durations in India:

 

  • Full-Time MBA: Full time MBA program is of 2 years, divided into 4 semesters. This is the most popular and common MBA program format.
  • Executive MBA: Executive MBA program is specially created for candidates who are already working in an organization and want to enhance their knowledge and position in the company. It is of 1 to 1.5 years of MBA program.
  • Part-Time MBA: Part time MBA program is of 2 to 3 years. In this type of course mode the MBA lectures are held on weekend or evening classes for working professionals.
  • Online MBA: Online MBA is the most flexible type of course mode. The MBA program duration range from 18 months to 2 years depending on the pace of learners..
  • Integrated MBA: Integrated MBA program is for learners after 12th standard (graduation is not required as eligibility). The MBA course duration is 5-year as MBA program is combined with undergraduate management studies.

 

The total duration of MBA program also impacts the total MBA course fee not only through tuition fees but other expenses such as accommodation, living costs, and study materials as well.

 

Overview of MBA Course Fees & Duration

MBA course type

MBA course duration

MBA fees in Government College

MBA fees in Private College

Full-Time MBA

2 years

₹50,000 - ₹5 lakhs

₹6 lakhs - ₹30 lakhs

Executive MBA

1 - 1.5 years

₹1 lakh - ₹4 lakhs

₹10 lakhs - ₹25 lakhs

Part-Time MBA

2 - 3 years

₹1 lakh - ₹3 lakhs

₹5 lakhs - ₹15 lakhs

Online MBA

1.5 - 3 years

₹30,000 - ₹2 lakhs

₹2 lakhs - ₹5 lakhs

Integrated MBA

5 years

₹4 lakhs - ₹8 lakhs

₹10 lakhs - ₹30 lakhs

 

Other factors influencing the MBA course fees

 

The MBA course fee structure is influenced by various other factors like:

 

  • Type of college: Lower fees is charged in government colleges like FMS DU, DSE DU, JMI and state government/government affiliated colleges like GGSIPU, KCC-ITM while moderate to high fees is charged in private colleges like FORE School and IMI Delhi.
  • Specialization: Trending and niche domains such as international business, finance, AI & Data Science and digital marketing cost more in MBA colleges such as IMI, IIFT and MDI colleges fees ranges from 16-25lakhs for top specializations.
  • Location: Institutes in prime locations like South Delhi, Dwarka, and Pitampura also attract premium fee. FORE School and IIFT located in South Delhi charges high fees.
  • Accreditation: UGC/AICTE/NBA/AMBA-accredited institutes may charge higher fees for quality standards and placement cell.

 

Final Takeaway

In conclusion, the total cost of MBA program depends on multiple factors, such as type of college, location, course mode, duration, and additional expenses (study material, hostel and mess). The cost of an MBA course fees in Delhi varies from as low as ₹39,000 at JMI government colleges to high as 22 Lakhs at elite colleges like FORE and IIFT.

 

Candidates who are seeking admission in well-recognized MBA college are advised to check MBA fees in government college and private colleges and then select a college that aligns with learner’s career aspirations.

 

FAQs

 

Q1. Which is the most affordable MBA college in Delhi NCR?

Ans1. The most affordable MBA college in Delhi NCR is Delhi School of Economics (DSE DU), KCC-ITM and Jamia Millia Islamia.

 

Q2. Which MBA specialization, charges high fees?

Ans2. MBA specialization like international business, finance, AI & Data Science and digital marketing cost higher fees in MBA colleges such as IMI, IIFT and MDI colleges fees ranges from 16-25lakhs for top specializations like these.

 

Q3. Are expensive MBA colleges are better than budget friendly MBA colleges?

Ans3: No, on the basis of fee structure, no one can decide which college is better. Colleges like KCC-ITM Delhi School of Economics (DSE DU) and Jamia Millia Islamia comes under budget friendly colleges but they also provide excellent placement opportunities.

 

Q4 How can I get admission in KCC-ITM for MBA program?

Ans4: The selection process for KCC-ITM in MBA program is a combination of 10th, 12th, graduation score and CAT score. Along with these scores, sop-statement of purpose and interview on general awareness is conducted for the final selection.

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