Great Lakes - PGPM & PGDM 2025
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
IIT MBA fees are surprisingly lower than IIMs which makes IITs a lucrative option for many candidates to pursue an MBA course. IIT MBA fee comes to around Rs. 8 lakhs to Rs. 14 lakhs. 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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All the 8 IITs offer varying fee structures for their respective MBA programs. The sections below briefly explain each one of them:
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 the IIT MBA fee structure for IIT Kharagpur.
Description | Fees at the time of admission (2024-26) Semester 1 (INR) | Semester Fees for (2024-26) batch students Semester 2 (INR) | Semester Fees for (2024-26) batch students Semester 3 (INR) | Semester Fees for (2024-26) batch students Semester 4 (INR) |
A) Caution money and Deposits | ||||
Institute | 1000 | |||
Library | 1000 | |||
Hostel | 4000 | |||
Total A | 6000 | |||
B) One-time fee | ||||
Statutory Fee | 1500 | |||
Alumni Subscription | 2000 | |||
Medical examination | 200 | |||
Student’s welfare fund | 300 | |||
Modernisation fee | 700 | |||
Training and Placement fee | 1500 | |||
Hostel admission fee | 1000 | |||
Hall budget | 1000 | |||
International Immersion Program | 100000 | |||
Total B | 1,08,200 | |||
C) Semester Fee | ||||
Tuition Fee | 2,50,000 | 2,50,000 | 2,50,000 | 2,50,000 |
Registration | 400 | 400 | 400 | 400 |
Examination | 500 | 500 | 500 | 500 |
Student Amenities | 800 | 800 | 800 | 800 |
Internet Connectivity | 600 | 600 | 600 | 600 |
Gymkhana | 600 | 600 | 600 | 600 |
Technology Film Society | 100 | 100 | 100 | 100 |
Medical Registration | 200 | 200 | 200 | 200 |
Laboratory | 800 | 800 | 800 | 800 |
Hostel seat rent | 750 | 750 | 750 | 750 |
Electricity and water charges | 1000 | 1000 | 1000 | 1000 |
Total C | 2,55,750 | 2,55,750 | 2,55,750 | 2,55,750 |
D) Hostel Charges | ||||
Mess Advance | 14,500 | 14,500 | 14,500 | 14,500 |
Hall establishment charge | 20,130 | 20,130 | 20,130 | 20,130 |
Hostel Overhead Charge | 970 | 970 | 970 | 970 |
Total D | 35,600 | 35,600 | 35,600 | 35,600 |
E) Student’s brotherhood fund (yearly) | 200 | 200 | ||
F) Insurance premium (yearly) | 2500 | 2500 | ||
Grand Total | 4,08,250 | 2,91,350 | 2,94,050 | 2,91,350 |
* Tuition Fee waived for SC/ST/PWD students
**plus GST, if applicable. Refundable if the student does not avail of the International Immersion Programme.
The above Fees are subject to revision from time to time.
Also Read: IIM vs IIT MBA: Which one to choose?
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.
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.
Course Fee
Semester | Particulars | Amount (INR) | |
Unreserved, EWS and OBC | SC, ST, and PWD | ||
I | Tuition Fee | 1,50,000 | Nil |
Semester Fee* | 17,100 | 17,100 | |
Student Development Fee (One Time)** | 50,000 | 50,000 | |
Refundable Deposits (One time) | 8,000 | 8,000 | |
Admission Fee (One Time) | 3,300 | 3,300 | |
Total Fee to be paid on or before 15th June 2020 | 2,28,400 | 78,400 | |
II | Tuition Fee | 2,00,000 | Nil |
Semester Fee* | 17,100 | 17,100 | |
Total Fee to be paid before the beginning of 2nd Semester | 2,17,100 | 17,100 | |
III | Tuition Fee | 2,00,000 | Nil |
Semester Fee* | 17,100 | 17,100 | |
Total Fee to be paid before the beginning of 3rd Semester | 2,17,100 | 17,100 | |
IV | Tuition Fee | 2,00,000 | Nil |
Semester Fee* | 17,100 | 17,100 | |
Total Fee to be paid before the beginning of 4th Semester | 2,17,100 | 17,100 | |
TOTAL | 8,79,700 | 1,29,700 |
* 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).
Hostel & Dining Fee (in INR) (For Hostellers)
Hostel 4,000. (Per Semester)
Dining 14,000. (Per Semester)
Total 18, 000/
Scholarship
The following scholarship schemes will be applicable in the fee structure for the MBA Admission 2025.
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)
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 instalments (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 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.
General+OBC | 1,08,685 | 84,075 | 83,325 |
SC/ST/PH | 38,685 | 14,075 | 13,325 |
Sponsored/Part-time | 1,08,685 | 84,075 | 83,325 |
Foreign Nationals | US $ as per MOU + INR 38,685 | US $ as per MOU + INR 14,075 | US $ as per MOU + INR 13,325 |
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 aspertheMOUsignedbetweentheInstituteandtheirrespectivecountry.OtherForeignnationalstudentswillpayUS1000 as a tuition fee.
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.
Details | HOSTELLER | DAY SCHOLAR | ||
2017 & before | 2018 onwards | 2017 & before | 2018 onwards | |
Hostel Admission Fee | ₹ 250 | ₹ 250 | - | - |
Advance Dinning Charges * | ₹ 14115 | ₹ 14115 | - | - |
Establishment – A Charges | ₹ 5000 | ₹ 6000 | ₹ 5000 | ₹ 6000 |
Establishment – B Charges | ₹ 1500 | ₹ 1500 | - | - |
Gymkhana Fee (Extra curricular Activities) | ₹ 1500 | ₹ 1500 | ₹ 1500 | ₹ 1500 |
Total | ₹ 22365 | ₹ 23365 | ₹ 6500 | ₹ 7500 |
Students availing bank loans only can obtain a demand draft drawn as per the following details:
Demand Draft Details | Institute Fees | Hostel Fees |
In Favour of | The Registrar Indian Institute of Technology Madras | The Chairman, Council of Wardens Indian Institute of Technology Madras |
Payable at | Chennai | Chennai |
Proof of payment to be submitted | The Joint Registrar (Acad.) Academic Section, IV Floor IIT Madras campus | The Chairman, Council of Wardens Office of the Hostel Management, IIT Madras campus |
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.
Name of the semester | Tuition fees applicable for Gen/EWS/OBC | Tuition fees applicable for Gen/EWS/OBC/SC/ST/PWD | Mess fees applicable for Gen/OBC/SC/ST/PWD | Total fees applicable for Gen/EWS/OBC | Tuition fees applicable for SC/ST/PWD |
Monsoon semester i.e First Semester | INR 75,000 | INR 31,850 | INR 18,000 | INR 1,24,850 | INR 49,850 |
For the subsequent winter semester | INR 75,000 | INR 8,400 | INR 18,000 | INR 1,01,400 | INR 26,400 |
For subsequent Monsoon Semester | INR 75,000 | INR 18,450 | INR 18,000 | INR 1,11,450 | INR 36,450 |
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.
Particulars | MBA 1st year Autumn semester (INR) | MBA 1st year Spring semester (INR) | MBA 2nd year Spring semester (INR) | MBA 2nd year Spring semester (INR) |
Semester Fees (To be paid every semester) | 1,18,050 | 1,18,050 | 1,18,050 | 1,18,050 |
One Time payment at the time of admission | 6000 | 0 | 0 | 0 |
Deposits (refundable) | 3000 | 0 | 0 | 0 |
Mess Charges | 26,250 | 20,250 | 20,250 | 20,250 |
Total (Gen/OBC) (Residing) | 2,53,300 | 2,38,300 | 2,38,300 | 2,38,300 |
Total (SC/ST/PD) (Residing) | 1,53,300 | 1,38,300 | 1,38,300 | 1,38,300 |
Total (Gen/OBC) (Non-Residing) | 2,19,550 | 2,10,550 | 2,10,550 | 2,10,550 |
Total (SC/ST/PD) (Non-Residing) | 1,19,550 | 1,10,550 | 1,10,550 | 1,10,550 |
Note: Tuition fee is not charged for SC/ST/PD candidates
Also Know: IIT MBA Placements
IITs are the top-ranked educational institutions in the country. An MBA from IIT is a great choice to unleash your career potential.
All the 8 IITs offering MBA are considered to be good. Based on NIRF rankings IIT Delhi is ranked the best among other IITs with a rank 5.
A CAT percentile of 90 and above is considered good for IITs.
The student cannot join the postgraduate MA program directly in the second year of the MA after completing the MBA.
Universities generally expect students to begin the first year of a masters' program even though they had qualifications at the level of a bachelor's degree. The university's curriculum along with the courses are planned to give an in-depth knowledge of the subjects.
But you could opt for:
Postgraduate Studies:
Research Career: In case research interests you, then you can pursue a Ph.D. in your specific interest.
Specialized Master's Programs: Find any specific master's course that supports the career goal.
Professional Certifications:
Make a professional certification in CFA, CA, or FRM to enhance the professional skills and better opportunities in the career field.
Job Entry via MBA
After gaining an MBA from a renowned institution, it's possible to get entry into the corporate world where the diversity in the career field is assured.
In the end, it would depend on what you would like and what you are particularly interested in. It will be better if you take a suggestion from your academic advisor or career counselor.
Hello Pratik,
If your family income exceeds 8 LPA, it will affect your eligibility for the NC-OBC category under the CAT reservation rules. The NC-OBC category requires that the family income should be below 8 LPA to qualify. If you anticipate that your income will exceed this threshold, you should update your status and notify the CAT authorities .
Here's what you can do:
Email the CAT authorities
: Inform them about the potential change in your income status and request to be considered under the
General
category, if applicable. You should do this before the examination or any further processing, as your eligibility for the OBC category depends on the income criteria.
Documents and Proof
: Make sure you have a valid
OBC certificate
and any relevant documentation regarding your family income, in case they require verification. Also, be aware that if your income exceeds 8 LPA, you might need to apply under the
General
category, as the OBC-NC reservation is no longer applicable.
General Category Consideration : If your application is accepted as General, you will be evaluated based on the General category criteria, including cutoffs and ranking.
To summarize, notifying the CAT authorities is the correct approach to avoid discrepancies later, and if your income is above the threshold, you will be treated as a General candidate for the admissions process.
For more details about CAT exam you can check out an article by Careers360 whose link is given below:
Link: https://bschool.careers360.com/exams/cat
I hope this answer helps you. If you have more queries then feel free to share your questions with us we will be happy to assist you.
Thank you and wishing you all the best for your bright future.
Hi Shreya ,
Having a tattoo on your wrist should not create a problem during the CAT exam as long as it does not contain any content that violates exam rules , such as communication-related symbols , unauthorised messages or any text resembling formulas or answers .
For a safe side , it is recommended :
1. Inform the Invigilators : Let them know about your tattoo during the identification check , so there are no misunderstandings .
2. Follow the Guidelines : Ensure you follow all instructions regarding permissible items and dress code on the exam day .
Hope this helps you .
ALL THE BEST .
To know about this please prefer our college predictor
Hello,
Yes, you can also join IIMs two years after graduation, depending upon the justification in interviews and your performance in entrance exams. If you are not sure about CAT, try those other management exams less hard:
Common Management Admission Test: Easier than CAT; 4-5 months of continuous preparation will suffice.
MAT : Much easier and takes place thrice a year.
SNAP (Symbiosis National Aptitude Test): A bit easier than CAT, apt for Symbiosis Institutes.
Xavier Aptitude Test or XAT : Hence, easier than CAT but the unique decision-making section.
Use exams like CMAT and MAT as a challenge to be competitively prepared. This can be given about 4-5 months, along with a few rounds of mock tests and smart studying.
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Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Application Deadline: 1st Dec 2024
Highest CTC: INR 28.25 LPA | Average for Top 100 offers: INR 17.34 LPA | Ranked #63 in India under Management category by NIRF | 148 Recruiters
180+ Companies | Highest CTC 15 LPA | Average CTC 7.5 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School of the Year
Ranked No. 1 Business School in India and no.35 in world by Financial Times MiM 2024 Ranking | Highest CTC: INR 81 LPA
Highest CTC 70 LPA | Avg CTC 11.22 LPA | Ranked #55 by NIRF
9 IBS Campuses | Scholarships Worth Rs 10 CR