What is the cost of doing an MBA in India?

Question

Nitin Chauhan · Accepted Answer

The cost of doing an MBA in India really depends on where you&rsquo;re studying. If you&rsquo;re aiming for one of the top schools, you could be looking at around 20-30 lakhs, while smaller, regional colleges might set you back 5-10 lakhs. But that&rsquo;s just the tuition&hellip; living costs are another thing altogether. If you&rsquo;re in a big city like Mumbai or Delhi, it&rsquo;s going to be more expensive, no doubt. But then again, you get what you pay for&mdash;some of the top programs offer fantastic networking opportunities and a solid return on investment if you&rsquo;re planning to stay in the country and work.
However, if you are comparing MBA's from outside India though, you are viewing a very different picture. The fees will be much higher, but you would also gain access to a global network that could open up opportunities that may not be readily available here. So now you get to decide for yourself which side of the trade-off is worth.
To know more the cost & expenses for MBA in India

Sudheer R · Answer

A two-year MBA differs vastly in terms of pricing, depending on the institute and the specific program structure, along with the location. The average fee for a two-year program would vary anywhere between 10 to 25 lakhs in some of the well-known institutes such as the Indian Institutes of Management (IIMs) and other elite business schools, besides others. These charges typically exclude other miscellaneous expenses, which may include textbooks, course materials, or living costs.
Another major one is the living cost, which adds up to a pretty large amount in your bank account. According to the city, you would have to pay between 15,000 to 30,000 per month for accommodation, food, and all else. In metro cities like Mumbai or Delhi, it shoots up much higher. What's more, most students also get themselves enrolled in some coaching classes or internet courses, which add up to an even more heftier expenditure altogether. It offers scholarships and financial aid to students; however, these are very competitive.
Considering the potential return on investment, many graduates find that the increased earning potential after completing their MBA can justify the initial costs&hellip; Still, it&rsquo;s vital to assess your financial situation and potential career paths before making such an investment.