Most Expensive MBA Colleges in India

Among the most expensive MBA colleges in India are IIM Ahmedabad, IIM Calcutta, SP Jain Institute of Management and Research (SPJIMR), and others. These prestigious B-schools distinguish themselves with their rigorous academic programs and outstanding placement records, setting a high bar in the world of management education. IIM-A charges an average fee of around INR 27,00,000 while assuring an average annual package of around INR 26,00,000. Similarly, SPJIMR and MDI Gurgaon have great placement reports where students draw average CTCs well above INR 19,00,000 per annum.

Also Read: List of Top IIMs in India 2024

Top Most Expensive MBA Colleges in India Overview

Although the following B-schools are quite expensive, they provide competitive salaries upon graduation and transformative learning experiences. Let’s have a look at their fees and average and highest CTC in 2023:

1. IIM Ahmedabad

Today, IIM Ahmedabad is the most expensive MBA college in India and is known for its strong academic curriculum and brilliant faculty. The flagship PGP MBA program caters to students who want to lay down a solid foundation in management, providing a harmonious blend of theory and practical exposure. The institute offers specialized programs, which include the one-year executive MBA called the MBA-PGPX for professionals who have considerable work experience. There is also the MBA-FABM that focuses on agri-business and food industry management.

Moreover, it offers an ePGD for working professionals, which means that one can acquire a post-graduate diploma without stopping work. The fees at IIM Ahmedabad, although a bit high, reflect the quality of education, ample networking opportunities and the prestigious reputation of the institute, making it an investment for those who would like to become business leaders.

2. IIM Calcutta

IIM Calcutta is known for its high-quality academic programs, especially in finance and management. Its flagship program is the Full-Time MBA, where students receive a comprehensive education in management. The PGPEX-VLM is a one-year program designed for working professionals who are expected to assume leadership positions. The Executive MBA is designed for working professionals looking to advance their careers without having to leave their jobs.

The DBA is a doctoral study in business administration and it is for research academics. Other than this, PGDBA or Post Graduate Diploma in Business Analytics imparts specialist knowledge of data-driven decision-making in business, highly expensive. Yet, a good placement record along with the International repute of the institute makes it one of the best premier institutes to which aspirations to excel in management run.

3. MDI Gurgaon

MDI Gurgaon is one of the most prestigious business schools in the National Capital Region. Its PGDM program boasts an excellent reputation for producing all-round business leaders. For those who are interested in Human Resources, the PGDM-HRM program provides deep knowledge and expertise in the art of managing people and understanding organizational behaviour.

Its PGDM-IB is a program designed to prepare students for careers in international business, equipping them with the skills required to succeed in a globalized economy. The institute also offers executive education in the form of Executive PGDM-BM, which is especially for working professionals who wish to speed up their career advancement and the PGDM-PPM which deals with public policy and management.

The fee structure in MDI Gurgaon is quite high, but the brand value of the institute in developing business professionals, along with the excellent placement record, makes it worthwhile.

4. IIM Bangalore

IIM Bangalore innovates management education and does not hesitate to take a tough stand on leadership development. FPM is the doctorate program of IIM Bangalore for people planning their careers in academics and research.

EPGP, on the other hand, is an executive post-graduate program that is completed over a year. This is specially designed for mid-career professionals. The flagship PGP or Post Graduate Programme is a two-year MBA programme, primarily aimed at giving students an excellent foundation in management.

The PGPBA program is for those interested in using data for business decisions; the PGPEM programme is for working professionals looking for a better management education. Finally, the PGPPM is focused on public policy management.

Although the fees are a bit on the higher side, IIM Bangalore's great education, excellent faculty, and vast alumni network firmly place it as one of the premier management schools in India.

5. Great Lakes, Chennai

Great Lakes Chennai offers a wide range of programs for full-time and working professionals. The flagship is the MBA/PGDM program, an intensive two-year experience to develop leadership and entrepreneurial skills. On the other hand, the Executive MBA/PGDM program allows practising professionals to hone their skills without leaving the workforce.

The FPM or Fellow Programme in Management is the doctoral program that is offered for those interested in academic research. Great Lakes also has a PGPM or Post Graduate Programme in Management, and this one is offered to those who would like to immediately get into leadership positions. Its PGXPM course is designed for the senior executive levels, and the PGCM is a short-term certificate course, designed to refine business strategy. Great Lakes Chennai is one of the institutions from which management education can be acquired through competitive fees and strong industry linkages.

6. IMT Ghaziabad

IMT Ghaziabad has always featured in the list of top business schools in India. The college has various programs for all, starting from fresh graduates and professional experts. MBA/PGDM is the flagship program for professionals looking for exposure at a business level. For those seeking research, it has the FPM- the Fellow Programme in Management.

The fees at IMT Ghaziabad are highly competitive about the quality of education given so it is a very good option for students who need high-class education at affordable prices.

There are PGDM EXP for working experience holders and a very well-designed program to upgrade managerial skills and the PGDM WE, for working executives.

7. SPJIMR Mumbai

SPJIMR Mumbai has some of the best schools for business studies in the country and provides a huge number of programs catering to varying stages of your career. Its flagship program, first offers PGDM, giving rigorous business management education.

SPJIMR also offers PGPM, a fast-moving program for working professionals. The PGPFMB is a specialized program for family-managed business owners, while the PGEMP, or Post Graduate Executive Management Program, caters to professionals who want to upgrade their management skills.

The PGPDM, or Post Graduate Program in Digital Management, explores the nexus of technology and business. Lastly, the FPM is a doctoral program meant for those who are committed to a career in research. PGPM-GM offers international management study with an international approach to business management. This hefty fee structure notwithstanding, the SPJIMR's fame among students is still for being industry-ready and having an international network of alumni.

8. IIFT Delhi

IIFT Delhi has a special focus on international business, making it a class apart for students looking to make a career in global trade and economics. Both the MBA-IB (Full-time) and the MBA-IB (Online) have a great reputation; the former provides a very deep understanding of the subtleties of international business, while the latter provides working professionals with the ability to pursue a degree without taking time off from their jobs.

IIFT offers specialized executive programs like the EPGD-GHRM, executive postgraduate diploma in global human resource management, and EPGD-IB, an executive postgraduate diploma in international business. This is for management professionals.

The PhD course is for those who are keen to carry out a very deep study work on international business. The institute is highly rated globally, and with career opportunities in international trade promising, the somewhat expensive tuition is well justified.

9. IIM Kozhikode

IIM Kozhikode is famous for its beautiful campus and developing global leadership. The MBA/PGDM program is a comprehensive program that has deep insight into various disciplines of management. On the other hand, the PGP-LSM or the Post Graduate Programme in Liberal Studies and Management is an approach towards management education which is the integration of liberal arts with the principles of management.

PGPM or the Post Graduate Programme in Management is especially designed for those who have extensive work experience. IIM Kozhikode has an Executive MBA/PGDM designed for working professionals to hone their managerial skills. For the researcher and scholar, it provides a great experience. Finally, with the fees relatively low compared to other IIMs, IIM Kozhikode has become a student favourite in the pursuit ofa  great education at a bargain.

10. IMI Kolkata

IMI Kolkata offers management programs to suit the various stages of a career. The flagship program is a PGDM followed by intensive management training, and the PGCM offers a more compact version of this time period designed for professionals looking to improve their skills.

IMI Kolkata offers specialized PG Diplomas and the Executive Fellow Programme in Management (EFPM) for senior professionals to upgrade their skills for leadership. With strong industry networks and relatively cheaper fees, IMI Kolkata provides better value for the money paid in terms of education quality and placement offers.

It is not just a cost when you study at one of these high cost MBA colleges in India but an investment in your future. Unmatched learning experiences with impressive placement records and opportunities to join some of the most prestigious alumni networks around the world make these programs irresistible.

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