One of the most critical considerations when selecting a business school is the cost of education. We are discussing about ISB MBA fees to provide inputs on the financial planning as well an indication that the school offered ISB MBA fees waivers in the way of application fees waivers and scholarships in 2023. Being aware of these would help applicants and admits manage their way to their dream ISB MBA.
1. ISB Hyderabad MBA fees for ISB PGP:
ISB PGP Application Fee:
The application fee for the PGP program varies depending on the round. For Round 1, the fee is INR 5000, for Round 2, it is INR 7500, and for Round 3, it is INR 7500.
ISB Re-applicants have to pay an application fee of INR 2500 for all rounds.
ISB MBA Application Fee Waivers:
ISB offers application fee waivers for some programs:
In 2023, in Round 3 can waive the ISB Waived the application fee from INR 7500 to INR 2500 for applications submitted between Jan 22, 2023, to Jan 29, 2023.
Applicants could also avail themselves of the waiver of the Analytical Skills Report (ASR) fee of 30$ (for GRE takers) and 35$ (for GMAT takers).
For Round 1 in 2023, the Application fee waiver of 50% was available to all reapplicants.
Additionally, ISB YLP 2022-23 offered a fee waiver of INR 3000 for the March 26 deadline by writing an additional essay.
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ISB PGP Fees:
The ISB PGP program is a one-year full-time MBA program that includes an admission fee, commitment fee, tuition and accommodation fee, alumni association membership deposit, and meals/laundry/laptop expenses.
Admission Fee - The admission fee for the PGP program is INR 300,000, which is partially refundable as per the policy mentioned in the offer letter. The fee includes a GST of 18%, which amounts to INR 54,000. Therefore, the total admission fee payable is INR 354,000.
Commitment Fee - The commitment fee is a non-refundable fee of INR 200,000, which is payable as per the date specified in the offer letter. The fee includes a GST of 18%, which amounts to INR 36,000. The total commitment fee payable is INR 236,000.
Tuition and Accomodation fee - For shared accommodation, the tuition fee is INR 24,57,000, accommodation fee is INR 2,89,000, and one-time fee for ISB Alumni for use of ISB Library & Recreation Center is INR 15,000, making the total amount payable INR 27,61,000.
For studio accommodation, the tuition fee is Rs. 24,57,000, accommodation fee is Rs. 5,16,000, and one-time fee for ISB Alumni for use of ISB Library & Recreation Center is Rs. 15,000, making the total amount payable Rs. 29,88,000.
In addition, there is a GST of 18% on the total amount payable, which amounts to Rs. 4,96,980 for shared accommodation and Rs. 5,37,840 for studio accommodation. In case the student withdraws from the program before it starts, only the admission fee is refunded as per the policy mentioned in the offer letter. Overall, the ISB MBA fees for the PGP program can seem daunting at first glance, but they include a range of facilities and resources that students can benefit from during their time at the school.
It's also worth noting that the school offers a range of scholarships and financial aid options that students can explore to offset their costs.
2. ISB MBA fees for ISB PGPpro:
The total fee for the 2022-23 academic year for ISB PGPpro is ₹30,46,000 (plus GST), which includes entrance and tuition fees, course materials, executive housing during on-campus residencies, and food on all school days. Additionally, a security deposit of ₹20,000, a donation of ₹25,000 to the alumni fund, and ₹15,000 towards lifetime leisure centre and library usage are also included. The MBA fees for applying to ISB PGPpro is INR 5,000.
3. ISB MBA fees for ISB PGPMAX:
ISB PGPMAX is a 15-month Executive MBA program designed for senior executives with at least 10 years of work experience. The total fee for the program is ₹41,63,000 (plus GST), which includes admission fee, tuition fee, course material, and boarding & lodging for most days. The admission fee is ₹3,00,000 and the tuition fee is ₹38,63,000. Additionally, a security deposit of ₹20,000 and a deposit of ₹15,000 towards lifetime use of the ISB Recreation Centre are required. The application fee for ISB PGPMAX is ₹10,000 for Round 1 and ₹15,000 for Round 2.
4. ISB MBA fees for ISB MFAB:
ISB MFAB is a 15-month MBA program designed for professionals with a background in finance and accounting. The total fee for the 2023-24 academic year is ₹41,98,000 (plus GST), which covers the admission fee, program fee, lodging, meals, and all textbooks. However, travel expenses from the participant's home location to both ISB campuses and the overseas destination are not included in the price. The program also requires a refundable security deposit of ₹20,000, an alumni membership fee of ₹25,000, and a deposit of ₹15,000 towards lifetime use of the ISB Recreation Centre. The application fee for ISB MFAB is ₹15,000, which includes the BAT test fee for both Round 1 and Round 2.
The Fees for ISB Hyderabad and ISB Mohali is same across programs.
Apart from the post graduate programs ISB also offers 4 Advanced Management Programs
A.) Advanced Management Program in Operations and Supply Chain
Duration: 12 months. Program Fee: 10,70,000 plus GST @ 18%
B.) Advanced Management Program for Healthcare
Duration: 12 months. Program Fee: ₹13,20,000 + GST @18%*
C.) Advanced Management Program in Business Analytics
Duration: 15 months. Program Fee: 10,85,000 plus GST @ 18%
D.) Advanced Management Program for Infrastructure
Duration: 12 months. Program Fee: 10,00,000 plus GST @ 18%
Apart from the program fee ISB also charges a INR 5000/- refundable security deposit and INR 15,000 as alumni fee.
These fees given above can always change. Therefore, it's advisable to check the official ISB website for the latest fee details before applying to any of the programs. Additionally, ISB offers various scholarships and financial aid options to eligible students to help ease the financial burden of pursuing an MBA.
ISB PGP Fees is an important factor that a student considers before choosing a B School. You can read about more such factors here ISB Vs IIM
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