Manav Rachna-MBA Admissions 2026
Recognized as Category-1 Deemed to be University by UGC | 41,000 + Alumni Imprints Globally | Students from over 20+ countries
It is well known that MBA, as a qualification is coming under scrutiny for its failure to keep pace with Return on Investment. For more than a decade, MBA fees in India climbed steadily upward while placement outcomes have moved in the opposite direction. And when it happens at even the IIM’s, India’s premier institutions for management education, it paints a sorry picture.
Careers360 analysed all the Indian Institutes of Management (IIMs), the autonomous though publicly funded management institutions. We looked at the data of IIMs, because the rest of the sector tend to follow what IIMs do. However, while they manage to move the cost downwards, the student outcomes, more often than not, do not move in sync with the IIMs.
Across the 20 IIMs, roughly 7,320 students were admitted in 2022–23, and about 99% of eligible graduates were eventually placed. The overall IIM median salary that year stood at Rs. 21.34 lakh.
But the trend since then has been on a downward path. In 2023-24, the Median salary fell to Rs. 20.61 lakhs and in 2024-25, it was Rs. 21.02 lakh. The IIM median salary over two years actually declined by about 1.5%, even as inflation rose an estimated 17.6%. In real terms, that means IIM graduates' purchasing power has eroded, salaries fell while the fees increased.
Recognized as Category-1 Deemed to be University by UGC | 41,000 + Alumni Imprints Globally | Students from over 20+ countries
4000+ Placements to date | 6000+ Students | Advanced applied research, patents, and partnerships
While placement outcomes have stagnated or slipped, IIM fees have moved sharply upward. Over just a two-year period, individual IIMs raised fees anywhere from 6% to over 40%.
Zooming out to a roughly ten-year window (2015–17 through 2024–26), the increases are even starker:
Institute | Salary 22-23 | Salary 23-24 | Salary 24-25 | Salary Chg | Fees 22-24 | Fees 24-26 | Fees Chg |
IIM Amritsar | 15.94L | 15.60L | 12.29L | -3.65L (-22.90%) | 15.20L | 18.10L | +19.08% |
IIM Bodh Gaya | 15.50L | 13.00L | 12.12L | -3.38L (-21.81%) | - | 15.42L | - |
IIM Kashipur | 17.20L | 15.03L | 14.46L | -2.74L (-15.93%) | 15.42L | 17.21L | +11.61% |
IIM Raipur | 20.00L | 17.50L | 18.40L | -1.60L (-8.00%) | - | 16.74L | - |
IIM Udaipur | 18.53L | 18.00L | 17.10L | -1.43L (-7.74%) | 17.30L | 19.26L | +11.33% |
IIM Shillong | 26.09L | 25.67L | 25.00L | -1.09L (-4.18%) | - | 26.18L | - |
IIM Vizag | 16.00L | 15.50L | 15.00L | -1.00L (-6.25%) | 15.04L | 17.82L | +18.48% |
IIM Sambalpur | 16.00L | 13.15L | 15.03L | -0.97L (-6.08%) | 10.50L | 15.05L | +43.33% |
IIM Tiruchirappalli | 18.60L | 18.10L | 18.00L | -0.60L (-3.23%) | 16.50L | 19.50L | +18.18% |
IIM Bangalore | 33.00L | 32.50L | 32.61L | -0.39L (-1.18%) | 24.50L | 26.00L | +6.12% |
These IIMs are public institutions, originally built and subsidized with taxpayer money. Even accounting for inflation, fee growth at this scale suggests something beyond simple cost-of-living adjustments - and because IIMs are seen as sector leaders, their fee hikes effectively give "permission" for every other B-school to raise prices too.
To understand what this means for an individual student, consider a representative scenario:
Total cost of education (fees plus accrued interest on an education loan) of around Rs.30 lakh,
Starting salary of Rs. 15 lakh which is roughly the median for many mid-tier IIMs.
Take-home pay on a Rs. 15 lakh CTC works out to roughly Rs. 90,000/month
A prudent EMI shouldn't exceed about 33% of take-home pay of around Rs. 30,000/month.
EMI increasing by 10% each year, based on the earning potential
Year | EMI / Month (Rs.) | Total Paid in Year (Rs) | Interest Paid (Rs.) | Principal Paid (Rs.) | Balance at Year-End (Rs.) |
1 | 30,000 | 3,60,000 | 2,97,172 | 62,828 | 29,37,172 |
2 | 33,000 | 3,96,000 | 2,88,897 | 1,07,103 | 28,30,069 |
3 | 36,300 | 4,35,600 | 2,75,815 | 1,59,785 | 26,70,284 |
4 | 39,930 | 4,79,160 | 2,57,030 | 2,22,130 | 24,48,154 |
5 | 43,923 | 5,27,076 | 2,31,512 | 2,95,564 | 21,52,591 |
6 | 48,315 | 5,79,784 | 1,98,079 | 3,81,705 | 17,70,886 |
7 | 53,147 | 6,37,762 | 1,55,377 | 4,82,385 | 12,88,500 |
8 | 58,462 | 7,01,538 | 1,01,859 | 5,99,679 | 6,88,821 |
9 | 64,308 | 7,24,579 | 35,758 | 6,88,821 | 0 |
TOTAL | - | 48,41,499 | 18,41,499 | 30,00,000 | - |
Applications fee waiver for all prgrammes | MSc Finance and MSc International Management Admissions 2026 Now Open | Ranked Among the Top 100 Universities in the World by QS World University Rankings 2025
NAAC A+ Accredited | Highest CTC 45 LPA | Scholarships Available
Total cost of education of Rs. 30 lakh,
Starting salary of Rs. 15 lakh
Take-home pay of roughly Rs. 90,000/month
EMI of 33% of take-home pay of around Rs. 30,000/month.
EMI at a flat 30,000 PM
Year | EMI / Month (Rs. ) | Total Paid in Year (Rs. ) | Interest Paid (Rs.) | Principal Paid (Rs.) | Balance at Year-End (Rs.) |
1 | 30,000 | 3,60,000 | 2,97,172 | 62,828 | 29,37,172 |
2 | 30,000 | 3,60,000 | 2,90,593 | 69,407 | 28,67,765 |
3 | 30,000 | 3,60,000 | 2,83,325 | 76,675 | 27,91,091 |
4 | 30,000 | 3,60,000 | 2,75,297 | 84,703 | 27,06,388 |
5 | 30,000 | 3,60,000 | 2,66,427 | 93,573 | 26,12,815 |
6 | 30,000 | 3,60,000 | 2,56,629 | 1,03,371 | 25,09,443 |
7 | 30,000 | 3,60,000 | 2,45,804 | 1,14,196 | 23,95,248 |
8 | 30,000 | 3,60,000 | 2,33,847 | 1,26,153 | 22,69,095 |
9 | 30,000 | 3,60,000 | 2,20,637 | 1,39,363 | 21,29,731 |
10 | 30,000 | 3,60,000 | 2,06,044 | 1,53,956 | 19,75,775 |
11 | 30,000 | 3,60,000 | 1,89,922 | 1,70,078 | 18,05,698 |
12 | 30,000 | 3,60,000 | 1,72,113 | 1,87,887 | 16,17,811 |
13 | 30,000 | 3,60,000 | 1,52,439 | 2,07,561 | 14,10,249 |
14 | 30,000 | 3,60,000 | 1,30,705 | 2,29,295 | 11,80,954 |
15 | 30,000 | 3,60,000 | 1,06,694 | 2,53,306 | 9,27,648 |
16 | 30,000 | 3,60,000 | 80,170 | 2,79,830 | 6,47,818 |
17 | 30,000 | 3,60,000 | 50,868 | 3,09,132 | 3,38,686 |
18 | 30,000 | 3,57,184 | 18,498 | 3,38,686 | ₹0 |
TOTAL | - | 64,77,184 | 34,77,184 | 30,00,000 | - |
At a 10% interest rate, a Rs. 30,000 EMI would take 18 years to clear a Rs. 30 lakh loan
And this is the scenario for students placed at the median salary of Rs.15 Lacs. In the bottom half of IIMs, graduates placed below the median and even at Rs. 6-8 lakh who cannot even service the EMI at all, and may carry the debt indefinitely.
At IIM Calcutta, for instance, RTI data reportedly shows a placement range from a high of Rs. 1.45 crore down to a low of just Rs. 6 lakh, with an average/median around Rs. 32-33 lakh. If even a top-ranked, publicly funded IIM shows this much dispersion, the picture is likely worse across the broader B-school landscape.
Data on India's Top 100 best B Schools as ranked by NIRF, about 35 of them at the bottom averaged a median salary of 7.93 lacs - with many graduates placed at as less as Rs. 3-4 lakh. For these graduates, the take-home pay is too low to meaningfully service any education loan, let alone cover living costs in a different city.
Read More: MBA Placement Realities: IIM vs Top 10 MBA Colleges Median Salary
Field | 2022-23 | 2023-24 | 2024-25 |
Intake | 10884 | 11929 | 13105 |
Admitted (1st Year) | 10341 | 11676 | 12868 |
Graduated | 9799 | 11187 | 12409 |
Placed | 7542 | 8689 | 11234 |
Higher Studies | 324 | 360 | 379 |
Placement % | 79.60% | 80.25% | 93.38% |
Placement % Against Graduated | 76.97% | 77.67% | 90.53% |
Placement % Against Admitted | 72.93% | 74.42% | 87.30% |
Median Salary | Rs. 7,49,407 | Rs. 7,60,485 | Rs. 7,93,292 |
The Core Question: Because IIMs are publicly funded and carry outsized influence over the sector, the pattern of raising fees faster than placement outcomes raises a broader question: should institutions built on public investment be leading fee increases, or should they be leading efforts to keep management education affordable and outcomes strong enough that students can realistically repay what they borrow? This would also ensure that other institutions are careful in fees increases. Is there a larger responsibility on public institutions?
For now, a growing share of MBA graduates, even if they are from India's most prestigious institutes, face a decade or more of loan repayment before the degree pays for itself.
On Question asked by student community
Hey there,
If you mean free online MBA-level courses with certificates in India, the best legitimate option is SWAYAM, especially courses offered by IIM Bangalore. SWAYAM courses are free to learn; you generally pay only if you want the proctored certificate.
Hello, here are the top MBA in Fintech institutes in India: https://bschool.careers360.com/colleges/list-of-fintech-colleges-in-india?degree=19&stream=2&branch=
Hello, some good institutes for MBA in Agribusiness Management include IIM Ahmedabad, IIM Lucknow, BHU Varanasi, MANAGE Hyderabad and College of Agribusiness Management, Pantnagar. The best choice depends on your entrance exam, budget, eligibility and preferred location.
You can check the top MBA Agribusiness Management colleges and fee details here:
Your academic profile is not bad, especially with 89.8% in Class 10 and 81% in B.Com . The 64.14% in Class 12 may affect eligibility for some companies, but it will not automatically prevent you from getting good placements.
The important point is that different companies have different shortlisting criteria.
Globally Recognized by AACSB (US) & AMBA (UK) | 18 LPA Avg. CTC for PGPM 2026
75+ years of legacy | #1 Entrance Exam | Score accepted by 250+ BSchools
6-Hour Masterclass to help you score 99+ percentile in CAT 2026
Test centres are available in 70+ cities across India | 75,000+ aspirants apply for the NMAT exam | Accepted by 58+ institutions like NMIMS, KJSIM, ISB, SPJIMR and Great Lakes.
Registration Start: 3 August 2026 | Last Date to Apply: 15 September 2026 (till 5 PM)
AACSB Accredited | 40 LPA-Highest CTC | Scholarships worth 10 CR