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College | Avg Fees/ year |
---|---|
IIMK - Indian Institute of Management, Kozhikode | ₹1025000 |
XLRI, Jamshedpur | ₹1430000 |
MDI Gurgaon, Gurgaon | ₹1249700 |
IIFT Delhi Indian Institute of Foreign Trade, New Delhi | ₹1091000 |
IIMI - Indian Institute of Management, Indore | ₹1058579 |
SP Jain [SPJIMR], Mumbai | ₹1566667 |
ISB Hyderabad Indian School of Business, Hyderabad | ₹3365143 |
IIM Mumbai - Indian Institute of Management, Mumbai | ₹1050000 |
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Yes, pursuing an MBA Executive from FMS Delhi is indeed a very good decision. This is because my brother was in the recent batch and according to him these are the reasons that make it a good choice
The tuition Fees at FMS Delhi are one of the lowest and most affordable Business schools in the country.
The Annual tuition fee for MBA-Full Time and Ph.D. programs at FMS is INR 10,480/-year.
For MBA-Executive and MBA-Executive (Health Care Administration) programs, the annual fee is INR 50,000 in two equal installments of INR 25,000 each.
FMS does not have a hostel facility so its students live in the vicinity of the campus in PFs and flats. The monthly expenses range from 15-30k based on your maintenance.
However, the campus hostel is cheap and excellent. The fee for the campus hostel is INR 1400 for accommodation and INR 1200 for food.
So the total fees is very low compared to other top B Schools that are similar in ranking to FMS. Also if you consider the following ROI, FMS students don’t have to really pay much from their pocket
All these ROI prove that despite being taught by the most experienced faculty and getting maximum exposure, the fees spent are considerably less.
The MBA programme at FMS Delhi is inexpensive, but the placements at FMS are on par with or even exceed the packages received by students at the top three IIMs during campus placements. , at the risk of being forced to do so. As a result, many candidates who are offered admission to IIMs select the FMS Delhi MBA programme as their top choice.
The two-year MBA programme at FMS Delhi costs Rs.1.92 lakhs. The FMS Delhi MBA fees have risen significantly. FMS Delhi MBA fees for its two-year full-time course have now increased to Rs.48,000/- per semester (Rs.1.92 lakhs for two years) from Rs.25,000/- two years ago. The fee is due at the start of the academic year. PWD students will be exempt from paying all fees except the Admission fee and the Identity Card fee.
In addition to this fee, the students have established a registered body, the Management Science Association (MSA), which consists of various societies and charges a membership fee for carrying out student activities. The fee is set by the students on an ongoing basis.
SPJIMR has been among the top 5 or 10 B Schools over the past few years consistently. Its brand value can be compared to XLRI, FMS, and even IIMs except for IIM ABC. This is because even now there are some roles offered to IIM ABC students that are not offered at SPJIMR. But this is not a major issue as these roles seek only extraordinary profiles and In Fact, many other roles offered at IIM ABC are lower than average.
In SPJIMR even the lowest package is decent and the range of salary is not very broad. This year, SPJIMR's average package stood at INR 33.02 LPA.
Other key points to note in comparison to old IIMs is that our Highest CTC is lower than that of IIMs but our Lowest CTC is higher than that of IIMs. So I will suggest anyone with an exceptionally good profile to choose IIM whereas someone with a decent average profile should go for SPJIMR only. It is important to note that getting roles at SPJIMR is a bit easier than IIMs mainly because of the small batch size and less competition.
Financially speaking, FMS Delhi is a better option. The fees are extremely low compared to most other B Schools. The low fees do not compromise the quality of education here. But the accommodation and other expenses are high in Delhi. So the best option is to get a hostel in DU. But if you are okay with below-average rooms then rooms are available near FMS in the Malka Ganj area. They cost around INR 4000-7000.
If you go for IIM Ahmedabad, the scholarships and student loans will help you a lot. They will cover your tuition and hostel fees and will have to just pay your personal expenses (10k-15k in PG). One won’t regret investing in IIM Ahmedabad in the long run. But the ultimate choice is yours.
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