Fee Structure of IIM Colleges in India For 2011January 31st, 2011 Posted by VFreshers
The fee structure that colleges for MBA follow is different and not standardized. This is partially based on the kind of college, its reputation and larger picture that is portrays. The quality of the program that is offered and the quality of the course are the great determiners to the fees that are going to be charged by them.
Fee Structure of IIM Colleges in India For 2011 has increased over what it was in the past years and has made pursuing an MBA in India an extremely good feature. The lowest range of courses for MBA is at 2L and the high end ones can go as much as 16L. The IIM Calcutta has announced a whooping fee increase for their courses. There are 16,000 MBA colleges in India and each of them has a varied syllabus, and a variety of fee structures that they follow. There is a large amount of fee difference in each of these colleges.
Therefore, there has been a categorization of colleges and B-schools based on the various categories such as A, B and C.
Class A B-schools are those that offer you great value for the course but charge high end as well. These are the IIMs that are top-notch. These 7 institutes get the cream of students and their fee structure reflects that. The average amount that one will have to shell out is 12L to 15L. Though students don’t mind shelling out whatever amount is charged by these IIMs as studying in these institutes is such a prestigious issue and you are assured of the best of job offers at the end of the course.
Class B institutes are those that are after the B-schools and these are the IIPM, XLRI, and the kind. These institutes charge somewhere between 4 to 6L for fees and of course this may vary according institutes.
Class C institutes are at the lower rung of the ladder and the fee structure is anywhere between 2 to 4L for a two year course. If you want to go abroad to study for an MBA then the cost is about 25 to 30L.
The ISB which is the Indian School of Business is the most high end premier institute in India. It charges 17, 63,000 for a year’s MBA course. There are financial loans and scholarships that one can avail if one is not in a position to pay the fees. The difference in fee structures for all of these institutes and B-schools is noticeable.
Students don’t mind paying a high fee structure as they know the caliber of the course and materials that are offered and the kind of placement that they will get after it. There are several dream job offers waiting for youngsters who complete the course successfully and placement is not at all a problem after graduating from these institutes. Even in the financial crisis and recession there is a job waiting.