Have 15 years of work experience and want to get some management degree to add value to your career?  Also have Rs 25 lakh to spare? The Indian School of Business (ISB) in Hyderabad is the right place to go. Boasting of names like JPMorgan, McKinsey, Proctor & Gamble and Bain Capital on ones recruiter's list and seeing placement offers topping Rs 30 lakh, is indication enough of arrival at B-School. But is that enough to lure one into a Rs 25 lakh programme?

ISB on Thursday launched India's most expensive MBA programme—the ISB-PGPMAX. It just requires devoting six days after every six weeks with the educators and one gets two international exposures at the campus of Wharton and Kellogg and a degree in 15 months.

Ajit Rangnekar, Dean at ISB, said, “The senior management are who feel they will benefit from a wider exposure. These are people who have risen in the functional ranks and now they need general management exposure. These are perfect target candidates for us."

The Financial Times has ranked ISB as the 15th best B-school in the world as of 2009. Be it so, but doesn’t the Rs 25 lakh fee tag pinch? However, Rangnekar said, “It’s very cheap! Very cheap compared to full time MBA. Full time MBA programs today are for Rs 12-18 lakhs. But for that you have to give up your job for two years. So you lose your income for two years and that’s a setback in your career, too. Here, you continue to make money. And in many cases we expect the company to fund the course.”

And anyone working in a PSU or in an NGO, gets a Rs 5 lakh discount on the course fee. But then, admission won’t come easy! “Yes. There will be grading, there'll be a selection process. We won’t take just any one who applies," Rangnekar said. Well, have the moolah and want to up your management skills? You know where to head.