Indian School of Business (ISB) has increased its fee for the one-year Post Graduate Programme in Management, informed a leading business daily. With the hike in fees, the one-year course has become the most expensive programme in India.
PGP fee for the batch 2016-15 was Rs 24 Lakh but now it has been increased to more than Rs 25 Lakh. Students need to shell out Rs 25,43,700 if they want a shared accommodation on the campus. For married students who want to have studio accommodation, the fees has been kept at Rs 26,74,800.
ISB currently offers the PGP programme jointly in two campuses at Hyderabad and Mohali. Admission is done on the basis of valid GMAT scores. It had admitted 813 students in its PGP programme for the session 2016-16. A total of 560 students were offered admission in its Hyderabad campus while 253 students were admitted in its Mohali campus.
When we compare the fees for ISB’s one-year programme with other institutes, we can find IIM Ahmedabad offers the same programme at Rs 24 lakh. IIM Bangalore's charges Rs 22,77,500 from students with shared accommodation and Rs 23,82,000 from students with family accommodation.
It has also been reported that IIM Ahmedabad has hiked its fees by 11.44% for the two year PGP programme for the batch 2016-17. The hike has been done in PGPM programme and PG Food and Agribusiness management. The current PGP fee stands at Rs 18.5 Lakh up from Rs 16.6 lakh. Post Graduate Programme-Agribusiness Management (PGP-ABM) fees has been increased from Rs 16.6 lakh to Rs 18.5 lakh. PGPX programme fee has also been raised to Rs 24 lakh from the previous Rs 21.5 lakh for the batch 2016-16 which started on April 9, 2016.