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IIM-Mumbai fees at Rs 21 lakh; here’s the fee structure of top MBA colleges in India

Annually, a significant number of individuals aspire to gain admission to India’s premier IIMs for their MBA programs. However, it’s important to note that MBA programs are widely recognized as among the costliest courses to pursue in India.

IIM Mumbai Fees Structure
Take a look at the top 10 IIMs in India and their fee structure

Indian Institute of Management Mumbai Fees: The Indian Institute of Management (IIM) Mumbai, formerly known as the National Institute of Industrial Engineering (NITIE), has revised the fee structure for the MBA programme. IIM Mumbai, which recently attained its IIM status earlier this year, will now charge a Rs 21 lakh tuition fee for the academic year 2024-25. Interestingly, the fee structure of the newest IIM is slightly lower than the fees charged by the top IIMs, including Ahmedabad, Calcutta, and Bangalore.

According to the National Institutional Ranking Framework 2023 (NIRF), the Indian Institute of Management Ahmedabad bagged the first position, whereas IIM Bangalore stood in the second position, and IIM Kozhikode took the third rank. Among the top 10 management institutes, two IITs including IIT Delhi and Mumbai have also made it to the list as per the latest rankings shared by the NIRF. 

Every year, lakhs of candidates aspire to enroll in India’s top IIMs in order to pursue an MBA. Meanwhile, it must be considered that MBA programmes are considered as one of the most expensive courses in India to pursue.

Here are the top 10 IIMs in India in accordance with the NIRF ranking 2023. Also, candidates can take a look at the fee structure of MBA courses in the top 10 IIMs in the country. 

Name of the IIMCourseFee Structure 
IIM AhmedabadPostgraduate Programme (PGP) in management Rs. 25,00,000/- (inclusive of tuition fees of Rs 18,19,000/-).
IIM BanglorePostgraduate Programme (PGP) in management Rs. 24,50,000
IIM KozhikodePostgraduate Programme (PGP) in management Rs. 20,50,000/
IIM Calcutta MBAXRs. 31,00,000/-
IIT Delhi MBARs. 11,20,000-/
IIM Lucknow MBA Rs. 20,75,000-/ 
IIM Mumbai Postgraduate Programme (PGP) in management Rs. 21, 00,000-/ 
IIM IndorePost Graduate Programme in Management (PGP)Rs. 21,17,158-/ 
Xavier School of ManagementPost Graduate Diploma in Management (PGDM)Rs. 23,15,000-/
Indian Institute of Technology BombayMBARs. 3,63,100-/  (Per Semester)

Note: All the information given in the table is taken from the official websites of the mentioned IIMs 

Needless to say, India’s top 10 IIMs have established a legacy of delivering exceptional management education over the years. Their flagship programmes equip students with a robust business management and leadership skills foundation.