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Pursuing MBA is a distant dream for many students due to high amount of academic fee, be it within India or abroad. Though, many scholarships are made available by colleges/universities in order to ease the financial burden, many students are still unable to accumulate the required amount. Pertaining to these situations, MBA admission fees has witnessed many changes. Many prestigious institutions in India now offer MBA programs at affordable academic fees.
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Here is a list of the institutions that offer the program with fee less than 1 lakh for full MBA course. Read the entire article to know more details.
|Institute Name||Fees 2020-22 (Rs in lakhs)||Fees 2019-21 (Rs in lakhs)|
|FMS New Delhi: Faculty of Management Studies||1.92||0.22|
|Delhi School of Economics (DSE)-Delhi University||0.35||0.31|
|University School of Management Studies (USMS) – Guru Gobind Singh Indraprastha University||0.60||0.56|
Admissions at FMS New Delhi for MBA program 2020 has begun from October 10, 2019 and the final date of registering is November 25, 2019.
As per the latest news moving round the corner, FMS has diverged from its old path by bringing a fee hike for MBA program. Earlier, FMS used to be one of the few top B-schools to provide affordable management programs. However, for 2020-22 batch, the fee is said to rise up to Rs.48,000/- per semester (1.92 lakhs for full two-year program) from Rs. 22,000/- for two years.
While applying for MBA admission at FMS New Delhi, a candidate will have to bear the application fee, which s/he will have to pay online before the last date of registration. The following table provides details of fee payable at different stages by candidates belonging to different categories.
|Application Fee (General Category)||Rs. 1000/-|
|Application Fee (SC/ST/EWS/PWD)||Rs. 350|
|Course Fee||Rs. 48,000 (for one semester)|
A detailed bifurcation of various components of FMS Delhi MBA program fee is given below:
|FMS Delhi MBA Fee Component||Fee Amount in Rupees|
|Admissions Fee/Re-Admissions Fee||10|
|University Enrollment Fee||300|
|Textbook Library Fee||30|
|Health Centre Fee||10|
|Library Deposit (Refundable)||1000|
|Delhi University Library Development Fee||200|
|Delhi University Dev.Fee||600|
|Students Resources Examination Fee||45000|
|Total (Rs. Forty Seven Thousand Seven Hundred Eighty Only)||Rs. 47780|
Data Source: FMS Delhi Fee Notice No.FMS/573 dated 03/05/2019
The fee hike applies to all candidates except those belonging to Pwd Category. Candidates belonging to Pwd category will have to pay only admission fee and identity card fee. thus, the total fee structure sums up to Rs. 1.92 lakhs. Besides this, there are various societies functioning in FMS under the registered body MSA (Management of Science Association) who may charge fees (variable) for conducting student activities.
Applications are invited by the Department of Commerce, Delhi School of Economics for its 26th batch (2020-22) of MBA (Human Resource Development) and MBA (International Business).
Course Fee Rs 15,696/-
|Application fee (General/CW/OBC Candidates)||Rs 2000/-|
|Application Fee (SC/ST/PWD/EWS Candidates)||Rs 1000/-|
The admission criteria for MBA (HRD) and MBA (IB) has not been released. Yet we can make an analysis by previous year trends. The total number of seats for both programs were 75 (62 +13) for each program.
The segregation of 62 seats category wise goes like this:
The segregation of 13 seats category is:
For the 2020-22 batch, fee structure has not been revealed by DSE. However, the institute is considered to be one of the most prestigious B-schools among all the top MBA colleges in India. Expected fee for 2020 is Rs. 15,696 for one year. The payment of fee has to be made at the department office and is non-refundable in any scenario.
USMS- GGSIPU, Delhi offers MBA and MBA (IT) programs. The total seat intake is 120 for MBA and 60 for MBA (IT). The institute is well known to offer one of the sought after management programs with low fee structure.
There arecertain colleges like Christ University Bangalore, Department of Management Studies, Pune and Tata Institute of Management Studies, Mumbai which have more or less similar fee structure-revolving around 3 to 4 lakh per annum.
Candidates who make through CAT should pin down their colleges based on factors like future opportunities, placement record of the college, ranking and accredation, return on inverstment and most importantly whether the college fits in their budget or not. Spending alot on gaining a degree and not getting much out of it is a waste of time and resources.