IIT MBA Fees 2024

IIT MBA fees are surprisingly lower than IIMs which makes IITs a lucrative option for many candidates to pursue an MBA course. MBA from IITs allows them to acquire an aspired post-graduate program like an MBA from the finest academic institutions in the country for a much more affordable price. It often saves them from the financial trap that many aspirants find themselves in after completing their MBA from premier expensive IIMs. Out of 23 IITs, 8 IITs offer MBA programs across various specialisations through their management departments.

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This Story also Contains

1. IIT MBA Fees: Fee structure of different IITs
2. IIT Bombay
3. IIT Jodhpur
4. IIT Delhi
5. IIT Kanpur
6. IIT Madras
7. IIT Dhanbad
8. IIT Roorkee

IIT MBA Fees: Fee structure of different IITs

All the 8 IITs offer varying fee structures for their respective MBA programs. The sections below briefly explain each one of them:

IIT Kharagpur

The IIT MBA fee structure for IIT Kharagpur is divided into four different parts to be paid by the students. Almost every expense gets covered within the fee structure. Here’s a detailed breakup of IIT MBA Fees structure for IIT Kharagpur.

* Tuition Fee waived for SC/ST/PWD students

**plus GST, if applicable. Refundable if the student does not avail International Immersion Programme.

The above Fees are subject to revision from time to time.

IIT Bombay

IIT MBA Fees for the 2-year MBA program at IIT Bombay is INR 14.02 Lakhs. The institute also provides financing options like loans at attractive rates of interest.

IIT Jodhpur

The fee structure for MBA at IIT Jodhpur is divided into four components with two groups one being unreserved, EWS, OBC, and the other being SC, ST, and PWD. Here’s an overview of the IIT MBA fees structure for IIT Jodhpur.

1. Course Fee

* Semester Fee is an institute overhead that would include expenses such as Infrastructure, Medical, Student Activity, Academic, and Library charges.

** Student Development Fee will be primarily used by the students in the MBA-related enhancement activities (Global field visits, Placement & Cultural activities).

2. Hostel & Dining Fee (in INR) (For Hostellers)

Hostel 4,000. (Per Semester)

Dining 14,000. (Per Semester)

Total 18, 000/

3. Scholarship

The following scholarship schemes will be applicable in the fee structure for the MBA Admission 2020.

• Full fee waiver to the topper student (in first semester based on initial merit list; II semester based on GPA of I semester, III semester based on GPA of I+II semester, IV semester based on GPA of I+II+III semester)

• 50% fee waiver to second topper student (in first semester based on initial merit list, II semester based on GPA of I semester, III semester based on GPA of I+II semester, IV semester based on GPA of I+II+III semester)

• 25% fee waiver to the third topper student (in the first semester based on the initial merit list, II semesters based on GPA of I semester, III semesters based on GPA of I+II semester, IV semester based on GPA of I+II+III semester)

• Merit cum means scholarships for EWS students (50% fee waiver)

IIT Delhi

The MBA Admission Application processing fee is non-refundable at IIT Delhi. The institute allows fee concession and waiver for SC/ST and PWD candidates. The below sections explain in detail the IIT MBA fees for IIT Delhi.

Tuition Fees for Indian Citizens: Rs. 11.20 Lacs for the entire MBA Full Time Programme payable in equal installments (4 Semesters)

The exact amount of fees and mode of payment will be indicated in the offer of admission for new students.

The fee is payable by the 2023-2025 batch for the MBA Program.

General/OBC/EWS: Tuition Fees: Rs. 2,80,000/-, Other Charges: Rs. 22,400/-, and Institute Residence Fee: Rs. 13,250/-

SC/ST/PWD: Other Charges: Rs. 22,400/-, and Institute Residence Fee: Rs. 13,250/-

IIT Kanpur

IIT Kanpur has fee breakup for General+OBC, SC/ST/PH, Sponsored/Part-time and foreign nationals. The fees is inclusive of hostel and mess charges for all the different candidates. The table below gives an overview of the IIT MBA fees structure for IIT Kanpur.

Those PG students who have a valid GATE score or have qualified in a recognized National level test, such as CSIR/UGC, NET, INSPIRE, NBHM etc. may, in addition to the tuition fee waiver, be provided Institute Assistantship at the rates applicable to the Indian students, on the recommendation of the selection committee and approval of the Director.

For Foreign students, fees will be charged in US $ as per the MOU signed between the Institute and their respective country. Other Foreign national students will pay US $1000 as a tuition fee.

IIT Madras

IIT Madras has different fee structures for hostellers and day scholars pursuing an MBA from the institute. The below table explains the fee breakdown for the IIT MBA fees structure for IIT Madras. It also incorporates the fee changes before and after the academic year 2017-18.

Students availing bank loans only can obtain a demand draft drawn as per the following details:

IIT Dhanbad

IIT Dhanbad has a fee breakup for all four semesters. It does have special concessions for candidates hailing from SC/ST communities. The table gives a detailed break up of the IIT MBA fees structure for IIT Dhanbad.

IIT Roorkee

First-year students at IIT Roorkee have to pay a fee in the name of one time payment at the time of admission. All other fee related details for IIT MBA fees structure for IIT Roorkee are provided in the table below.

Note: Tuition fee is not charged for SC/ST/PD candidates