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Thu, 05 May 2011 09:32:47 GMT | By Krishna Sheshadri

An analysis of expenditure incurred at two top government university b-schools


The tuition fees and ancillary costs for management education at the Indian Institutes of Management, private Indian b-schools and deemed universites have witnessed upto sixfold increases in the last seven years. In contrast, the government university affiliated management schools have only seen a marginal hike in their fees, making them look economically attractive. However, external circumstances and inflation have ensured that you now have to spend a substantial sum for living expenditure over and above the academic costs for studying in these institutions, thereby mitigating their cost advantage to an extent.
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IIT alumnus,Soumitra Dutta, named Dean of Cornell's B-school IIM heads meet, discuss ways to raise funds for expansion IIM Bangalore makes attending classes optional The two prominent government university b-schools according to the PaGaLGuY Rankings are the Faculty of Management Studies (FMS), affiliated to Delhi University and Jamnalal Bajaj Institute of Management Studies (JBIMS) affiliated to Mumbai University. The cost of the two year MBA program in FMS is Rs 10,450 per annum and the corresponding figure for JBIMS is 100,000 per annum. The figures suggest that academic costs incurred in these institutes are a fraction of the cost of an MBA from the other top institutes in the country. But is that really true? We decided to speak to students at these two b-schools and find out what it really costs to do an MBA at these schools. The two big cost components of an MBA program are the Academic Costs (Admission Fees, Tuition Fees, Course Materials, etc) and the Living Expenditure (A place to stay, Food, etc). The FMS Delhi Academic Cost The FMS website lists the cost of the two-year MBA FT programme as Rs 10,450 year. That makes the total cost Rs 20,900 for two years. If you are calculating your educational expenditure on this figure, the FMS programme sounds extremely economical. However, the FMS website does not stipulate the other components of the academic expenditure such as membership fees to student bodies, library fee etc. (Continued) 1 of 6 A university to manage a rapidly urbanising India After Re symbol, IIT-Bombay to sell games more...

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An analysis of expenditure incurred at two top government university b-sc...

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