MBA Fees: Hostel fees, NIRF Ranks, Government and Private Colleges

• Updated on Jul 19, 2025, by Anusmita Bhatta

MBA stands for Master of Business Administration program is a postgraduate degree. The program fees can range between INR 11 lakh and 26 lakh for IIMs and top ranked govt schools (e.g. Indian Institute of Management, Ahmedabad). Most govt university MBA programs (e.g. FMS DU, IIT Delhi, IIT Bangalore) have an expensive fees range. (FMS being the cheapest at about 2.32 lakh). Private colleges have an affordable range of fees compared to the public ones, starting from INR 3 - 8 lakh. The course fee includes tuition fee, registration fee, and exam fee, along with hostel, mess, and other expenses. Hostel fees can be included and as well as separated depending on the institution or university.

Table of Contents

MBA Top Colleges Fees 2024/2025
MBA Fees in Top States
FAQs

MBA Top Colleges Fees 2024/2025

A Master of Business Administration course is undertaken after completion of undergraduate degree usually through entrance examinations such as CAT, XAT, or GMAT. Some of the top government and private universities and institutions are listed below for MBA along with their NIRF rank, course and hostel fees.

MBA Fees in Top Government Institutes in India

Institute Name	NIRF Rank (Management)	Total Course Fees	Hostel Fees (approx.)
Indian Institute of Management, Ahmedabad, (IIM)	1	INR 26,50,000	INR 60,000 - 1,00,000
Indian Institute of Management, Bangalore (IIT)	2	INR 24,50,000	INR 1,95,000 - 2,35,000
Indian Institute of Management, Kozhikode (IIT)	3	INR 12,12,000 - 22,5,000	INR 90,000
Indian Institute of Technology Delhi, Department of Management Studies (IIT DMS)	4	INR 12,00,000	INR 17,200
The Faculty of Management Studies (FMS), University of Delhi	-	INR 2,32,000	-

MBA Fees in Top Private Institutes in India

Institute Name	NIRF Rank (University)	Total Course Fees	Hostel Fees (approx.)
Chandigarh University	20	INR 5,00,000- 7,00,000	INR 1,20,000 - INR 2,10,000
Lovely Professional University, Punjab	27	INR 8,18,000 - 9,60,000	INR 2,16,000 - 4,32,000
Indian Institute Of Social Welfare and Business Management, (IISWBM) Calcutta	-	INR 8,30,000	INR 24,000
Institute of Technology & Science, Ghaziabad	-	INR 3,37,800	INR 90,000
IILM University, Greater Noida	-	INR 9,00,000 - 10,80,000	INR 2,40,000
IILM University, Gurugram	-	INR 13,60,000	INR 1,20,000 - 3,70,000
Gnanamani College of Technology, Tamil Nadu	-	INR 1,28,000 - 19,50,000	INR 40,000
Bharti Vidyapeeth	-	INR 6,50,000	INR 80,000 - 110,000
ITM Business School	-	INR 11,95,000 - 15,45,000	-
Doon Business School	-	INR 5,00,000 - 7,00,000	INR 35,000 - 84,000

MBA Fees in Top States

MBA or Master of Business Administration program is popular in all the states of India. Three top states of India providing MBA programs are listed below: Delhi, Uttar Pradesh, Maharashtra.

MBA Fees in Delhi

College Name	Fees
Indian Institute of Foreign Trade (IIFT), Delhi	INR 5,00,000 – 7,00,000
Faculty of Management Studies (FMS), University of Delhi	INR 2,32,000
Indian Institute of Technology Delhi (IIT DMS)	INR 12,00,000
IILM University, Gurugram (near NCR)	INR 13,60,000

MBA Fees in Uttar Pradesh

College Name	Fees
Institute of Technology & Science, Ghaziabad	INR 3,37,800
Chandigarh University (campus in UP)	INR 5,00,000 – 7,00,000
IILM University, Greater Noida	INR 9,00,000 – 10,80,000
Bennett University, Noida	INR 12,45,000

MBA Fees in Maharashtra

College Name	Fees
SIOM – Symbiosis Institute of Operations Mgmt, Nashik	INR 18,10,000–18,30,000
Bharati Vidyapeeth, Pune	INR 6,50,000
ITM Business School, Navi Mumbai	INR 11,95,000 – 15,45,000

FAQs

Does the government give any scholarships or financial assistance programs to cover MBA fees?

Yes, a wide number of scholarships in the public sector could be available to students who are financially weaker and those in the reserved category and tuition fee could be halved or less. Merit-based scholarships on the basis of need-based waivers and state-supported schemes are also available in the private and government schools. Assistantships, stipends or fee waivers are offered to high entrance test-scorers by several institutions.

How much does an MBA in an IIM cost on an average including the cost of living?

Students are advised to make an investment of about INR 22- 38 lakh in IIMs after taking into consideration tuition, hostel and other living expenses in two years. In the case of some other top-ranked non-public B-schools, the total may be equivalent or slightly increased, based on metropolis and quality of equipment.

What is the refund policy in case a student quits after MBA fee payment?

Most institutes hold part of admission or registration fee as non-refundable. After classes begin, withdrawals usually only guarantee tuition refunds of a fractional or nothing at all hence it is important to get the refund policies clarified on paper before consent.

Are the MBA fee structures varied by specialisation, city or method of delivery?

Yes, MBA in finance, marketing or new specialised areas (such as in data analytics) can slightly vary in fees. Those programs in big cities (Delhi, Mumbai, Bangalore) and on residential campuses are likely to be more expensive. Online or executive MBAs are more affordable.

Are MBA fees easily financed by loans in B-Schools?

Education loans with competent rates are being given by many banks on formal MBA programs that are recognized and repayment period begins once a person completes the program. Facilities with different repayment conditions are provided, but admission to a prestigious B-school normally guarantees easy access to loans.

What practical suggestions can you provide in order to reduce MBA fees burden?

Are early with your scholarship application, do research on sources of government and private aid, ask questions on value (and not just fee) when selecting an institute and demand a full fee breakdown (including hostel and project costs) before signing.