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Key Takeaways:
- The total ISB MBA fees for the 2024 intake is ₹46,26,000 (approximately $55,700).
- Tuition fees account for ₹34,81,000 of the total cost.
- Additional expenses include ₹3,25,000 for food and accommodation.
- Students are required to pay a one-time admission fee of ₹2,00,000.
- ISB offers merit-based scholarships covering up to 100% of tuition fees.
The Indian School of Business (ISB) MBA is one of the most prestigious management programs in India, known for its globally recognized curriculum, experienced faculty, and strong industry connections. The one-year program is designed for professionals seeking career acceleration, leadership roles, or entrepreneurial ventures. With a diverse peer group and a rigorous learning experience, ISB consistently ranks among the top business schools in Asia.
When considering this program, understanding the ISB MBA fees is essential. The total cost includes tuition, accommodation, and other expenses, making financial planning a key part of the application process. While ISB provides excellent return on investment through high placement packages, exploring scholarships and loan options can help ease the financial burden. In this guide, we’ll break down the complete fee structure, additional costs, and funding options to help you make an informed decision.
Let's Understand the ISB MBA Fees
Tuition fees for the 2024 ISB MBA program intake is INR 41,78,000
The ISB MBA fees for the 2024 intake stand at INR 41,78,000. This comprehensive fee covers all essential expenses, including tuition, course materials, and access to career services. For students relocating to Hyderabad, it's essential to consider additional living expenses.
While the figure may seem substantial, it's crucial to view this investment not merely as a cost but as a gateway to extraordinary career prospects in the global business arena.
Breakdown of ISB MBA Fees
The Indian School of Business (ISB) offers a world-class MBA program with a comprehensive fee structure covering various aspects of student experience. The fee encompass the admission fee, tuition fee, security deposit, alumni membership fee, and deposit for the ISB Recreation Centre.
| Component | Amount (₹) |
|---|---|
| Admission Fee | 3,00,000 |
| GST (@18%) | 54,000 |
| Total Admission Fee (A) | 3,54,000 |
| Tuition Fee | 38,78,000 |
| Sub Total | 38,78,000 |
| GST (@18%) | 6,98,040 |
| Sub Total | 38,78,000 |
| Security Deposit | 20,000 |
| Total (Incl GST) (B) | 45,96,040 |
| Grand Total (A+B) | 49,50,040 |
| Additional (Optional) | |
| Alumni Association Membership | 25,000 |
| GST (@18%) | 4,500 |
| Total Additional (Optional) | 29,500 |
Calculating the Living Expenses in Hyderabad
Living in Hyderabad can be enriching and cost-effective, with various options for different budgets and preferences. From affordable accommodation in areas like Banjara Hills and Jubilee Hills to delicious street food and fine dining experiences, Hyderabad offers a mix of traditional charm and modern amenities.
Understanding the local transportation system, exploring local grocery markets, and taking advantage of cultural events and recreational activities can help residents make the most of their living expenses while enjoying all that Hyderabad offers.
| Expense Category | Estimated Monthly Cost (INR) |
|---|---|
| Accommodation | 15,000 - 30,000 |
| Food | 5,000 - 10,000 |
| Transportation | 2,000 - 4,000 |
| Utilities | 2,000 - 5,000 |
| Healthcare | 1,000 - 3,000 |
| Miscellaneous | 3,000 - 7,000 |
| Total Estimated Monthly Cost | 28,000 - 59,000 |
Explore the Scholarship and Financial Aid Options
Before knowing the scholarship and financial aid opportunities provided by the school, let's get a basic understanding of the overall expenditure you have:
To cover these expenses, the Indian School of Business (ISB) provides scholarships as well as financial aid options to deserving candidates. Here's a comprehensive look at scholarships and financial aid opportunities available for MBA students to cover the costs:
Scholarship Opportunities
ISB MBA scholarship opportunities are as follows:
| Category | Name of the Scholarship | Description | How to Apply? | Scholarship % of Tuition Fee | Mode of Disbursal |
|---|---|---|---|---|---|
| Merit | Dean Don Jacob's Memorial Scholarship | Awarded to an applicant high on merit | No separate application required | 50% | Waiver |
| Merit | Prof. Manasa Mandava Memorial Scholarship | Awarded to a woman applicant high on merit. Awarded in two tranches, 25% at the start and 25% after core terms | No separate application required | 50% | Waiver |
| Merit | ISB Merit Waiver | Automatically considered for all applicants | No separate application required | 25%-100% | Waiver |
| Diversity | ISB Merit by Diversity Waiver | For applicants from diverse educational or professional backgrounds and high on-merit | No separate application required | 25%-100% | Waiver |
| Need-cum-Merit | ISB Need-cum-Merit Waiver | Family income is not more than INR 18,00,000. | Essay and Proof of Income required | 25% | Waiver |
| Diversity | AIESEC – ISB Waivers | For AIESECers | Essay and Proof of AIESEC required | 25% | Waiver |
| Diversity | Bridge to India Waiver | For applicants planning to return to India from abroad | Essay required | 25% | Waiver |
| Diversity | Armed Forces Scholarship | Honours armed forces personnel | No separate application is required | 50% | Waiver |
| Need-based | Ramesh C. Khanna Nurture India Scholarship | Sponsored by Amit Khanna | Essay and Supporting Documents | 25% | Waiver |
| Need-based | Jagannath Arora Scholarship | Sponsored by Neeraj Arora | ISB Need-cum-merit application required | N/A | Waiver |
| Need-based | PGPMAX Co 2012 Scholarship | Sponsored by Alumni of PGPMAX Class of 2012 | Essay and Supporting Documents | N/A | Waiver |
Financial Aid Options
Apart from the sponsorships, the school also offers a few financial aid opportunities to help the students:
- Corporate Sponsorships: Many corporations recognize the value of investing in their employees' education and offer sponsorships for MBA programs. These sponsorships provide financial support to cover the ISB MBA Fees, foster employee development, and enhance organisational capabilities.
- Bank Loans: ISB facilitates bank loans for students who require financial assistance to fund their MBA education. These loans typically cover tuition fees, living expenses, and other educational costs, providing students with the flexibility to repay the loan after completing their studies.
Opportunities for Part-Time Work to Cover the ISB MBA Fees
While pursuing an MBA at Indian School of Business (ISB), students often seek opportunities to enhance their learning experience through part-time work. ISB, one of the top colleges in India, also allows the opportunity to engage in part-time employment, providing financial support, valuable industry exposure, and networking opportunities.
Let's delve into some exciting part-time work opportunities available for ISB MBA students:
| Opportunity | Description | Estimated Wages (per hour) | Time Commitment |
|---|---|---|---|
| Research Assistantship | Assist faculty members with research projects, data analysis, and literature reviews. | INR 300 - INR 500 | Flexible hours, typically 5-10 hours per week |
| Teaching Assistant Position | Support professors with course preparation, grading, and facilitating class discussions. | INR 400 - INR 600 | Varies based on course workload |
| Consulting Projects | Work on real-world business challenges in collaboration with industry partners. | INR 500 - INR 800 | Flexible hours, project-based |
| Internships | Gain valuable work experience by interning part-time at companies in Hyderabad. | INR 250 - INR 400 | Flexible hours, typically 10-20 hours per week |
| Freelancing | Undertake freelance projects in areas such as graphic design, digital marketing, or content writing. | Varies based on the project | Flexible hours, project-based |
| Event Management | Assist in organising logistics, marketing, and coordination of events and workshops. | INR 200 - INR 400 | Varies based on the event schedule |
| Tutoring and Coaching | Offer tutoring or coaching services to fellow students or professionals in the community. | INR 300 - INR 600 | Flexible hours, based on availability |
ISB PGP Class of 2025 begins its transformational journey
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Conclusion
In conclusion, ISB's commitment to accessibility, support, and holistic education ensures that students can pursue their MBA aspirations with confidence and clarity. By leveraging scholarships, financial aid, and part-time work opportunities, students embark on a transformative educational journey that prepares them for leadership roles in the dynamic global business landscape. ISB stands out among MBA colleges in India for offering a comprehensive financial support system that makes quality education attainable for a diverse range of students.
