Abhyank Srinet 
Table of Contents
- Introduction
- What Are the ISB MBA Fees for 2027–28?
- Why Does ISB Also Show ₹34.48 Lakh Plus GST?
- What Do the ISB MBA Fees Include?
- What Are the Additional Living and Study Costs at ISB?
- What Is the Real Total ISB MBA Cost for 2027–28?
- How Much More Does Studio Accommodation Cost at ISB?
- Can ISB MBA Fees Be Paid in Instalments?
- Is the ISB Admission Fee Refundable?
- Which Scholarships Can Reduce ISB MBA Fees?
- How Can Students Finance ISB MBA Fees?
- What Should Indian Applicants Know About ISB MBA Fees?
- What Salary Outcomes Support the ROI of ISB MBA Fees?
- What Is the ROI of ISB MBA Fees?
ISB MBA fees for the 2027–28 PGP are ₹40,46,520 with shared accommodation or ₹44,45,000 with studio accommodation when paid in a single instalment. These totals include admission and commitment fees, tuition, accommodation, applicable GST and the refundable ₹20,000 security deposit. ISB also estimates ₹2,25,000 for books, laptop, meals and other campus expenses, taking the practical planning baseline to approximately ₹42,71,520 with shared accommodation or ₹46,70,000 with a studio.
Introduction
ISB MBA fees are a major investment for professionals considering the school's one-year Post Graduate Programme in Management. Although the programme is formally called the ISB PGP, many applicants search for it as the ISB MBA, so understanding the complete fee rather than only tuition is important before arranging savings or an education loan.
For 2027–28, the official fee structure separates admission, commitment, tuition, accommodation, GST and additional campus expenses. In this blog, we explain ISB MBA fees, hostel choices, scholarships, payment planning, financing and ROI using the latest official ISB data.
What Are the ISB MBA Fees for 2027–28?
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ISB MBA fees for 2027–28 total ₹40,46,520 with shared accommodation or ₹44,45,000 with studio accommodation under the single-instalment option. Hospitalisation insurance is payable separately at the applicable actual premium.
| ISB PGP Fee Component | Shared Accommodation | Studio Accommodation |
|---|---|---|
| Admission Fee Including GST | ₹3,99,500 | ₹3,99,500 |
| Commitment Fee Including GST | ₹2,49,500 | ₹2,49,500 |
| Tuition Fee | ₹26,64,000 | ₹26,64,000 |
| Accommodation Fee | ₹2,34,000 | ₹5,36,000 |
| GST on Applicable Components | ₹4,79,520 | ₹5,76,000 |
| Refundable Security Deposit | ₹20,000 | ₹20,000 |
| Total ISB MBA Fees | ₹40,46,520 | ₹44,45,000 |
The detailed figures can be verified through ISB's official PGP fees and scholarships page and its published 2027–28 fee structure.
Why Does ISB Also Show ₹34.48 Lakh Plus GST?
ISB's main programme page states a programme fee of ₹34,48,000 plus GST for shared accommodation under the single-instalment option. This is not a conflicting fee.
The ₹34.48 lakh figure represents the relevant pre-GST base components, while the detailed schedule adds applicable GST and the refundable ₹20,000 security deposit to reach the complete ₹40,46,520 payable amount for shared accommodation.
| Fee View | Amount | Purpose |
|---|---|---|
| Published Base Programme Fee | ₹34,48,000 + GST | Headline fee displayed by ISB for shared accommodation |
| Detailed Shared-Accommodation Total | ₹40,46,520 | Complete single-instalment total including applicable GST and refundable security deposit |
For budgeting or education-loan documentation, the detailed fee schedule is more useful because it shows each payable component separately.
What Do the ISB MBA Fees Include?
ISB MBA fees include the main institutional and residential charges required for the PGP. However, students still need to budget separately for meals, technology, insurance and some personal or optional programme expenses.
| Included in Published Fees | Budgeted Separately |
|---|---|
| Admission fee | Books |
| Commitment fee | Laptop |
| PGP tuition | Meal plan |
| Selected accommodation | Hospitalisation insurance |
| Applicable GST | Laundry, electricity and documentation |
| Refundable security deposit | International-exchange travel and living expenses |
What Are the Additional Living and Study Costs at ISB?
In addition to ISB MBA fees, the official 2027–28 fee document provides an indicative ₹2,25,000 annual estimate for books, a laptop, meals and other campus-related costs.
| Additional Expense | ISB Estimate |
|---|---|
| Books | ₹20,000 |
| Laptop | ₹75,000 |
| Meal Plans | ₹80,000 |
| IT Support, Laundry, Electricity, Documentation and Photocopying | ₹50,000 |
| Total Additional Estimate | ₹2,25,000 |
These figures are indicative rather than mandatory fixed charges. A student who already owns a suitable laptop, for example, may spend less than the published estimate.
What Is the Real Total ISB MBA Cost for 2027–28?
Adding ISB's indicative ₹2,25,000 campus-expense estimate to the official fee produces a practical baseline of approximately ₹42,71,520 with shared accommodation and ₹46,70,000 with studio accommodation.
| Cost | Shared Accommodation | Studio Accommodation |
|---|---|---|
| Official ISB MBA Fees | ₹40,46,520 | ₹44,45,000 |
| Estimated Additional Campus Costs | ₹2,25,000 | ₹2,25,000 |
| Practical Planning Baseline | ₹42,71,520 | ₹46,70,000 |
Hospitalisation insurance, loan interest, personal travel and optional international-exchange expenses remain outside this baseline.
How Much More Does Studio Accommodation Cost at ISB?
Choosing studio accommodation raises the official ISB MBA fees from ₹40,46,520 to ₹44,45,000, a difference of ₹3,98,480.
The difference comes from the higher accommodation charge and its tax treatment. Shared accommodation costs ₹2,34,000 and is exempt from GST according to the official fee sheet, while studio accommodation costs ₹5,36,000.
Students should therefore choose housing based on privacy needs and financing capacity rather than assuming accommodation has only a small effect on the overall budget.
Can ISB MBA Fees Be Paid in Instalments?
Yes. ISB's official fee structure allows students to choose between single and two-instalment payment options for the relevant programme fees. The school specifies 6% interest on the second instalment under the two-instalment option.
Applicants using an education loan should compare the cost of the ISB instalment option with their lender's disbursement timing and interest structure before deciding how to pay.
Payment dates and applicable taxes should always be checked against the individual offer letter because ISB states that taxes are payable at the rate applicable at the time of payment.
Is the ISB Admission Fee Refundable?
The admission fee is partially refundable according to ISB policy, while the commitment fee is non-refundable. The refundable ₹20,000 security deposit is returned at the end of the academic year after adjusting any applicable recoveries.
This distinction is important because applicants may need to make admission and commitment payments before their full education loan is disbursed.
Which Scholarships Can Reduce ISB MBA Fees?
ISB offers merit, diversity, need-cum-merit and donor-supported scholarships that can significantly reduce ISB MBA fees. The school states that approximately 25% of PGP students receive financial support.
| Scholarship | Published Support | Application |
|---|---|---|
| ISB Merit Waiver | 25%–100% of tuition | No separate application |
| ISB Merit by Diversity Waiver | 25%–100% of tuition | No separate application |
| Need-cum-Merit Waiver – Family Income up to ₹8 lakh | 100% tuition waiver | Essay and income documentation |
| Need-cum-Merit Waiver – Family Income above ₹8 lakh and up to ₹20 lakh | 75% tuition waiver | Essay and income documentation |
| Armed Forces Scholarship | 50% tuition waiver | No separate application |
| Bajaj Auto Scholarship | 100% tuition waiver | No separate application |
| J.C. Flowers ARC Scholarship | 100% tuition waiver | No separate application |
| Deepak Parayanken Tuition Waiver | ₹15 lakh | No separate application |
| Brigadier V.H.M. Prasad Scholarship | ₹10 lakh | Application with supporting documents |
The full and latest eligibility criteria are published on ISB's official scholarships page. Scholarship availability can change, so applicants should not build a financing plan that depends on receiving an award.
How Can Students Finance ISB MBA Fees?
ISB MBA fees can be financed through savings, scholarships and education loans. ISB publishes lending information from multiple banks and education-finance providers, but rates and approval conditions can change.
Applicants should compare the interest rate, collateral requirement, margin contribution, processing fee, moratorium, repayment tenure, prepayment terms and whether the lender covers accommodation, laptop and other programme expenses.
Plan Admission Payments Before Loan Disbursal
The admission and commitment payments can become due before the main tuition amount. Applicants should therefore maintain sufficient liquidity instead of assuming every payment will be directly funded by the education loan on the required date.
Compare Total Borrowing Cost
A lower advertised interest rate does not automatically mean the cheapest loan. Processing charges, insurance, interest accumulated during the programme and repayment tenure can materially change the total amount repaid.
What Should Indian Applicants Know About ISB MBA Fees?
Indian applicants should plan for the complete ISB PGP cost rather than tuition alone. For 2027–28, the official single-instalment total is ₹40,46,520 with shared accommodation or ₹44,45,000 with studio accommodation. Adding ISB's indicative ₹2,25,000 for books, laptop, meals and other campus expenses gives a practical planning baseline of approximately ₹42,71,520 or ₹46,70,000 respectively.
ISB states that there is no separate fee structure for Indian and international students. For Indian applicants, the main financing decisions are therefore accommodation choice, scholarship eligibility, education-loan terms and the income given up during the one-year programme.
Shared accommodation can reduce the initial financial requirement, while scholarships can lower the amount that needs to be funded through savings or loans. Applicants using an education loan should also compare interest rates, processing charges, moratorium periods and repayment terms rather than focusing only on the headline loan amount.
What Salary Outcomes Support the ROI of ISB MBA Fees?
The latest ISB PGP Class of 2026 reported an average compensation of ₹37.29 lakh per annum. The class received 1,117 job offers, while 67% of students changed industry and 69% changed function.
These outcomes demonstrate career mobility but should not be interpreted as a guaranteed salary for every graduate. Compensation depends on previous work experience, role, industry, seniority and employer.
For detailed compensation and placement analysis, use our ISB MBA salary guide. ISB's current figures are available in its official Class of 2026 placement announcement.
What Is the ROI of ISB MBA Fees?
ISB MBA fees can generate strong value when the programme enables a substantial role change, industry switch, promotion or improvement in long-term earnings. However, comparing the ₹42–47 lakh planning cost directly with the class average salary does not produce a true payback period.
A realistic ROI calculation should include the applicant's pre-ISB salary, one year of foregone income, scholarship amount, loan interest, post-programme tax and the likelihood of achieving the intended career transition.
Applicants comparing the broader investment can read our Is ISB MBA Worth It? analysis.
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Conclusion
ISB is a significant financial commitment, so applicants should plan around the complete programme cost rather than one headline tuition figure. Comparing accommodation, scholarships, loan terms, career goals and the income given up during the programme creates a far more realistic view of whether the investment fits your profile.
