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What is the cost of MBA in India for 1 year?

IIM Executive MBA
IIM Executive MBA

IIM Calcutta Executive MBA Program

IIM Calcutta, one of India's premier management institutes, offers an Executive MBA program known for its analytical and problem-solving pedagogy. This program places a strong emphasis on decision-making and leadership skills. It incorporates international immersion modules in the USA and Europe, providing a global perspective to participants. The program's focus on experiential learning sets it apart in executive education.

Fee Structure: 

For the academic year 2024-25, the total program fee for IIM Calcutta Executive MBA is Indian Rupees 31,00,000/- (non-refundable) or its equivalent in US dollars. This fee covers the entire one-year program and is payable in four instalments. The breakdown of these instalments is as follows:

  • An initial commitment fee of Indian Rupees 2,00,000/- is due upon acceptance of the admission offer.

  • The second instalment of Indian Rupees 10,00,000/- will be paid by 15th March 2024. Additionally, a security deposit of Rs 60,000/- by Demand Draft/Pay order favouring the Indian Institute of Management Calcutta is required with the second instalment, which is refundable upon program completion after necessary adjustments.

  • The third instalment, amounting to Indian Rupees 10,00,000/-, must be paid by 21st July 2024.

  • The fourth and final instalment of Indian Rupees 9,00,000/- is due by 24th November 2024.

The program fee includes tuition fees, the cost of course material and books, accommodation, economy airfare, and certain incidental expenses related to the immersion program organised by IIMC. However, it's important to note that these fees do not cover additional charges for electricity, food, and personal expenses and must be borne by individual students.

International Immersion: 

The IIM Executive MBA program at IIM Calcutta includes international immersion modules, offering participants a unique global perspective. For the 16th batch of MBAEx (AY 2022-23), students visited Mannheim Business School in Germany and ESSEC Business School in France for their immersion module between March 06 and 18, 2023. During these two weeks, students engaged in classroom lectures, industry visits, and group projects, enhancing their understanding of international business practices.


IIM Calcutta offers scholarships to deserving students based on merit and specific criteria stipulated by sponsors. Scholarships are sponsored by companies/corporates like Aditya Birla Group, Ratan Tata Trust, HUL, and OP Jindal Engineering & Management, among others. Additionally, the Institute facilitates Government of India Scholarships for SC/ST/MCM students, awarded by the concerned Ministries. Prizes and awards sponsored by the Institute and various organisations are also given to meritorious students based on their first and second-year results. Read here to understand if Executive MBA from IIM is worth doing .

IIMA - Executive MBA Program

IIM Ahmedabad, another prestigious Indian B-school, offers an Executive MBA program tailored for working professionals. This program employs the renowned case method of learning, emphasising decision-making and problem-solving skills. It is designed to equip participants with the tools and knowledge needed to excel in their careers.

Fee Structure: 

For the 2023-24 IIMA PGPX Batch program, the fee ranges from INR 31.5 lakhs for candidates opting for single accommodation to 33.5 lakhs for those choosing married student housing. This comprehensive fee includes tuition, books, course materials, and accommodation. However, it does not cover expenses related to travel and stay for the International Immersion Programme.

International Immersion:

IIM Ahmedabad's Executive MBA program includes an International Immersion Programme (IIP) in which students spend two intensive weeks of academics in an international location. This experience goes beyond traditional classroom learning and allows participants to immerse themselves in an unfamiliar business environment, gaining valuable insights and perspectives.


IIMA offers scholarships at the entry and graduation stages of the program. Entry scholarships are available for underrepresented genders, transgender students, international passport holders, individuals with significant experience in the armed forces, central/state/local government, and the not-for-profit sector. Scholarships are also extended to students who have excelled in sports or fine arts recognised nationally or are differently abled.

Graduation scholarships are awarded based on exceptional performance during the academic year of the PGPX program. The IIMA Financial Aid committee grants scholarships based on varied criteria, providing financial support to deserving students. Read more about IIMA vs IIMB .

IIM Lucknow (IIML) Executive MBA (IPMX):

IIM Lucknow offers the International Programme in Management for Executives (IPMX), a prestigious one-year residential Executive MBA program conducted at its NOIDA Campus. This program, accredited by AACSB and the Association of MBAs (AMBA), is meticulously designed for mid to senior-level professionals aiming to excel in leadership roles. Launched in 2008, it has become renowned for its rigorous curriculum and global perspective.

Fee Structure: 

For the academic year 2023-24, the IPMX program which is the Executive MBA from IIM Lucknow has a comprehensive fee of INR 26,00,000. This inclusive fee encompasses various aspects of the program, such as:

  • Tuition fee

  • Course material

  • On-campus accommodation (single occupancy room with a shared washroom)

  • Food charges

  • Computing facilities

  • Library services

  • Career counselling

  • Student Activities

  • Convocation

Additional accommodation options are available at an extra cost. The fee also covers expenses related to the Overseas Module, excluding personal incidentals during this period.

The payment schedule for the fee is as follows:

  • INR 3,00,000 by January 20, 2024, for Phase 1 Students

  • INR 5,75,000 + Caution money INR 20,000 + Alumni fee INR 5,000 + Additional accommodation charges (if any) in the 2nd week of March 2024, for Phase 2 Students

  • INR 5,75,000 by the 2nd week of May 2023

  • INR 5,75,000 by the 2nd week of September 2024

  • INR 5,75,000 by the 2nd week of December 2024

International Immersion:

IPMX students at IIM Lucknow have the unique opportunity to experience a month-long campus module at ESCP, London. This immersion program adds a new dimension to their learning by exposing them to diverse business and cultural environments. It equips them with the skills needed to understand, accept, and adapt to global business cultures, a crucial aspect of modern leadership.


IIM Lucknow provides various scholarships to deserving IPMX students. Scholarships are sponsored by reputed companies/corporates like Aditya Birla Group, Ratan Tata Trust, T. Thomas Scholarship sponsored by HUL, and OP Jindal Engineering & Management Scholarship. Government of India Scholarships for SC/ST/MCM students are also awarded by the concerned Ministries and facilitated by the Institute. Meritorious students in their first and second years are also eligible for prizes/awards sponsored by the Institute and various organisations.

IIM Bangalore (IIMB) Executive Post Graduate Programme in Management (EPGP):

IIM Bangalore Executive MBA (EPGP) is a prestigious one-year, full-time residential MBA program for experienced professionals looking to enhance their leadership and management skills. The program seamlessly integrates rigorous academics with real-world business challenges to prepare professionals for leadership roles in diverse organisations.

Fee Structure: 

The fee structure for the EPGP program at IIM Bangalore is as follows:

  • Tuition Fees: INR 2,45,000

  • Living expenses: INR 20,00,000

  • Refundable caution deposit: INR 30,000

The total fee for the program amounts to INR 22,75,000, which includes the first instalment of INR 7,00,000, covering the refundable caution deposit of INR 30,000.

International Immersion: 

IIM Bangalore offers customised International Immersion Programmes for Indian organisations, including partnership programs for Indian corporations and Government organisations. These programs feature multi-location delivery with participants drawn from Indian corporations. They focus on learning from the best business practices of the host country, providing valuable insights and exposure to global business environments.


IIM Bangalore offers scholarships at entry and graduation levels. Entry scholarships are available for underrepresented genders, transgender students, international passport holders, students with significant armed forces, central/state/local government, not-for-profit sector experience, and those who have excelled in sports or fine arts at a national level or are differently-abled. These scholarships cover 25% of fees on admission and 15% of fees on graduation. The IIMA Financial Aid committee grants scholarships based on various criteria.

IIM Indore (IIMI) - Executive Post Graduate Programme in Management (EPGP):

The Executive Post Graduate Programme in Management (EPGP) at IIM Indore is a highly esteemed and comprehensive management program for seasoned professionals. Established to enhance participants' advanced managerial skills and provide them with a global perspective, this program has gained recognition worldwide.

Fee Structure: 

For the academic year 2023-24, the EPGP program at IIM Indore costs INR 22,75,000. This fee includes various components essential for a rewarding learning experience:

  • Tuition Fees: INR 20,00,000

  • Living Expenses: INR 2,45,000

  • Caution Deposit (refundable): INR 30,000

The first instalment of INR 7,00,000 covers the refundable caution deposit. An Alumni Association Fee of INR 3,000 is also payable during the third instalment. Goods and Services Tax (GST) does not apply to this program.

The International Immersion Module of the EPGP program at IIM Indore is a distinctive executive learning opportunity conducted in collaboration with a renowned international business school. This immersive experience spans one academic term and is thoughtfully designed to prepare participants to thrive in cross-cultural environments.

Key aspects of the International Immersion Module include:

  • Exposure to globalised economic environments.

  • Exploration of world economic issues.

  • Comparative analysis of businesses in emerging and developed economies.

  • Company visits.

  • Meetings with business and government leaders.

  • Interactions with distinguished international faculty.

In the academic year 2022-23, 57 EPGP participants had the opportunity to join the "Advanced Leadership Programme" at SDA Bocconi, Milan, Italy, via a hybrid mode. Upon successful completion, participants receive a separate course completion certificate from SDA Bocconi, a globally renowned business school.


While the program doesn't explicitly mention scholarships, candidates can explore financial aid options with IIM Indore and external sources. Various financial institutions and organisations offer scholarships and education loans to support participants in pursuing the EPGP at IIM Indore.

IIM Udaipur (IIMU) - One Year MBA in Global Supply Chain Management

IIM Udaipur Global Supply Chain Management, a full-time residential program designed for professionals with diverse work experiences. The program prepares participants for rewarding careers in logistics and supply chain-related sectors.

Curriculum: The program curriculum covers management fundamentals with a specialisation in supply chain management. It incorporates academic rigour, live projects, and industry interactions.

Fee Structure:

  • Tuition Fees: Rs. 20,00,000/-

  • Living Expenses: Rs. 2,45,000/-

  • Caution Deposit (refundable): Rs. 30,000/-

  • Total: Rs. 22,75,000/-

  • The first instalment of Rs. 7,00,000 includes the refundable caution deposit.

  • Living expenses cover food and hostel charges at IIM Udaipur.

  • An additional Alumni Association Fee of Rs. 3,000/- is payable during the third instalment.

  • GST does not apply to this program.

IIM Shillong- One year MBA in India

The Post Graduate Programme for Executives (PGPEx) at IIM Shillong is a transformative 12-month journey to elevate career prospects. This program offers a platform to expand horizons, establish meaningful connections, and develop critical problem-solving skills. With a strong emphasis on contemporary challenges, participants engage with a collaborative community at IIM Shillong, fostering curiosity about ethical and sustainability issues in business and society and the disruptions catalysed by emerging technologies. The program provides flexibility for international immersion and in-company training, enhancing multicultural experiences and working styles.

Fee Structure:

The fee structure for IIM Shillong's Executive MBA program, known as the Post Graduate Programme for Executives (PGPEx), is designed to cover various aspects of the program and is as follows:

  • Commitment Fees: A non-refundable fee of INR 1,00,000 is payable upon acceptance of the admission offer. The specific date for payment is mentioned in the offer letter.

  • First Instalment: Amounting to INR 7,00,000, this fee is due by November 4, 2023, for Cycle 1 students. Similar due dates apply for students admitted in subsequent cycles.

  • Second Instalment: This instalment, totalling INR 7,35,000, is payable by July 15, 2024, for all admitted students.

  • Third Instalment: Amounting to INR 7,40,000, this instalment is due by November 15, 2024, for all students.

  • Grand Total: The total fee for the program is INR 22,75,000, which includes tuition fees, living expenses, and a refundable caution deposit.

  • Alumni Association Fee: An additional Alumni Association Fee of INR 3,000 is payable during the third instalment.

  • GST: Goods and Services Tax (GST) does not apply to this program.

International Immersion:

The International Immersion is a crucial component of the PGPEx program at IIM Shillong. It allows participants to gain a global perspective and experience the international business environment firsthand.

During this immersion, program participants:

  • Visit foreign countries for in-company projects.

  • Collaborate with partner institutions that share program objectives.

  • Earn academic credits as part of the global curriculum.

  • Gain awareness of cultural and communication diversities.

  • Understand the economic, business, and geopolitical environment of the region they visit.

  • Engage in in-company projects to understand global business processes and practices.

  • Attend lectures at foreign campuses and interact with professionals.

The courses offered during the international immersion align with the program's competency goals and provide insights into the region's business landscape. Past immersions have been facilitated by esteemed institutions such as Fudan University (China), Ocean University (China), University of Newcastle (Australia), EM Lyon Business School (France), and IE Business School (Spain).

This immersion experience equips participants with a broader perspective and the confidence to lead businesses in a global context. It allows them to learn about innovations, business practices, and management styles distinct to the region they visit.

The international immersion fee is based on expenses incurred during this module and is not included in the main course fee. While the indicative international immersion fee is around four lakhs, the exact amount may vary depending on the destination and activities involved.

Commercial banks generally offer bank loans to assist participants with financing their education if necessary.

IIM Kozhikode - PGP-BL (Post-Graduate Programme in Business Leadership)

The Post-Graduate Programme in Business Leadership (PGP-BL) at IIM Kozhikode is a unique management program designed for young graduates with relevant work experience who aspire to become future business leaders. This program offers a high-intensity and holistic curriculum that focuses on developing leadership skills and business acumen.

Fee Structure:

The fee structure for the PGP-BL program is as follows:

  • Application Fee: ₹3,000

  • Program Fee: ₹22,50,000

The program fee covers various aspects of the program, including program delivery, course materials, in-campus hostel accommodation, access to the library, and program coordination fees for international immersion. Please note that mess/canteen charges and travel and stay expenses for the international immersion component are additional costs. Additionally, a non-refundable offer acceptance amount of ₹1,00,000 is required upon accepting the admission offer.

International Immersion:

One of the standout features of the IIM Kozhikode PGP BL is the dedicated 2-week global immersion module at a premier international business school. This module is designed to provide participants with a definitive international experience, encompassing academic instruction, experiential learning, and cross-cultural interactions. Participants can visit and engage with local businesses, gaining insights into global business practices. If circumstances prevent international immersion due to events beyond the control of IIMK, such as COVID-19, the institute will try to provide alternative learning experiences.


IIM Kozhikode provides education loan facilities through most scheduled banks to support the payment of program fees for PGP-BL. This financial support ensures eligible candidates can pursue the program without financial constraints. Specific details regarding the loan schemes are available through various banks.

XLRI PGDM (GM) - Post Graduate Diploma in Management (General Management)

XLRI PGDM offers the Post Graduate Diploma in Management (General Management), or PGDM (GM), a fifteen-month full-time residential management program. This program is tailored for professionals with at least five years of work experience in diverse fields such as IT/ITeS, Energy/Power, Automobile, Manufacturing, and more. It equips participants with the latest management theories, broadens their perspectives, and prepares them to tackle complex business challenges. Prestigious bodies like AMBA accredit the XLRI One year MBA program.

Fee Structure:

For the academic year 2023-2024, the fees and other charges for the 15-month PGDM (GM) program at XLRI are approximately Rs. 23.15 lakhs (or equivalent in USD). This fee includes the academic expenses of the program. However, additional expenses for food, electricity, and personal costs may vary based on the student's preferred accommodation. It's important to note that fees may change in the next session based on the recommendations of the Fee Fixation Committee.

International Immersion:

XLRI's PGDM (GM) program includes an international immersion component that exposes participants to global business environments. While specific details about the international immersion module are not provided, it is an integral part of the program to enhance participants' understanding of international business practices and cultures.


The information provided does not specify scholarship details for the PGDM (GM) program at XLRI. However, XLRI offers scholarships and financial aid to deserving candidates based on various criteria, including academic performance and financial need. Prospective students are encouraged to visit the official XLRI website or contact the admissions office for the most up-to-date information on scholarships and financial assistance.

These two programs, offered by IIM Kozhikode and XLRI, provide unique opportunities for professionals to enhance their management skills, leadership capabilities, and global exposure through carefully crafted curricula and international components.

SPJIMR - Post Graduate Program in Development Management (PGPDM)

The Post Graduate Program in Development Management (PGPDM) at SPJIMR is a 12-month modular program designed for professionals working in or aspiring to work in the social sector. This program caters to various organisations, including NGOs, corporate CSR functions, government social policy or welfare departments, and social enterprises specialising in Development Management. It offers a comprehensive curriculum divided into three terms to equip participants with essential skills to drive initiatives that promote social justice.

The SPJIMR PGPM program was originally launched in 2011 in response to the growing need for skilled professionals in the social sector to meet corporate social responsibility (CSR) goals and improve the effectiveness of NGO interventions. In response to evolving needs and challenges, the program has been redesigned with a stronger focus on innovation and change management for long-term development.

Fee Structure:

The total fee for the Post Graduate Program in Development Management is INR 22,80,000. This fee includes several components, such as an admission fee, tuition fee, computer and library fees, hostel accommodation, development fee, career services fee, alumni membership, and fees for international immersion. There is an estimated cost for airfare, visa fees, airport transfer, and insurance, which is approximately INR 70,000.

The fee payment structure varies based on sponsorship and income levels:

  • Participants sponsored by corporates, international NGOs, or high-income candidates: INR 3,00,000 + GST as applicable. Payment can be made in full or term.

  • Participants from NGOs or self-sponsored: INR 1,50,000 + GST as applicable. Payment options include full payment, term-wise payment, or equal monthly instalments.

  • A concession of INR 10,000 per candidate is provided for two or more persons joining from the same NGO.

  • Scholarships are available for deserving low-income candidates.

International Immersion:

SPJIMR offers participants the opportunity to gain exposure to global culture and business practices through international immersion. This includes specially curated multi-week programs at renowned universities such as Cornell, CMU, ESADE, Babson College, University of Texas, and more. Additionally, there are multi-month international exchange programs with prestigious universities in countries like France, Italy, Japan, Germany, Spain, Indonesia, and Vietnam.


Scholarships are available to support low-income deserving candidates.

Great Lakes Institute of Management - Post Graduate Program in Management (PGPM)

The Post Graduate Program in Management (PGPM) at Great Lakes Institute of Management is a flagship full-time MBA program designed to transform high-potential professionals into competent business-ready managers and leaders. The program offers mentorship from world-class faculty, industry exposure, and a cutting-edge curriculum.

Fee Structure:

For the academic year 2023-24, the program fee for Indian students is INR 17,50,000; for international students, it's $32,500. Additionally, accommodation charges for single AC rooms are INR 3,60,000. Other charges include a caution deposit, an alumni subscription, and an interest fee for the second instalment.

International Immersion:

Great Lakes provides students with opportunities for international exposure and immersion. This can range from intensive multi-week programs at renowned universities to multi-month international exchange programs with prestigious institutions in various countries.


Great Lakes offers diversity and merit scholarships, focusing on encouraging diversity and excellence. These scholarships are awarded based on the application form, essays, and interview assessment. The Dr. Bala V Balachandran Merit Scholarship provides full tuition fee waiver and mentorship opportunities.

ISB PGP - Post Graduate Programme in Management

The Post Graduate Programme in Management (PGP) at the Indian School of Business (ISB) is a top-ranked one-year management program globally. It's known for providing multidisciplinary perspectives and global exposure, with a curriculum designed by renowned faculty.

Fee Structure:

The total fee structure for the ISB PGP program includes admission fees, commitment fees, tuition fees, accommodation charges, alumni association membership, and more. The program fee for Indian students is approximately INR 29,50,000. International students have a fee of $40,400. There are options for single or two-installment payments.

International Immersion:

ISB's PGP program offers international immersion opportunities that provide a real-world understanding of business in emerging markets. Students can study at globally acclaimed schools and learn from the best faculty worldwide.


ISB offers a range of scholarships, including diversity and merit-based scholarships. These scholarships aim to encourage diversity and reward exceptional applicants. Scholarship awards range from 25% to 100% of the tuition fee.

Get assistance for your IIM Executive MBA applications from IIM admission consultants at IIM Admit Mentors.

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