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With the Indian School of Business (ISB) hiking fees for its one-year post graduate programme in management, the programme has now become the costliest in the country at upwards of Rs 25 lakh.
ISB has revised its fee structure for the 2016-17 post graduate programme.
For students who opt for shared accommodation on campus, the fee is Rs 25,43,700, which includes a non-refundable admission fee of Rs 2,50,000. For students opting for a studio accommodation, the fee goes up to Rs 26,74,800.
Programme fee for the 2014-15 programme was at Rs 24 lakh. ISB did not reply to an email seeking reasons for the hike in fees.
As compared to ISB's one year management programme, the Indian Institute of Management, Ahmedabad(IIM-A) charges Rs 24 lakh while IIM Bangalore's one year management programmes costs Rs 22,77,500 for shared accommodation and Rs 23,82,000 for family accomodation. IIM Bangalore admits 72 students for the programme.
ISB offers its PGP programme concurrently at its Hyderabad and Mohali campuses through a common admissions and placement process.
ISB, which accepts GMAT scores, has offered admission to 813 new students for the PGP class 2016 - 560 students at
Hyderabad and 253 at its Mohali campus.
Average domestic compensation package at ISB has increased from Rs 17.41 lakh to Rs 18.16 lakh for the 2015 placement seson.
Indian Institute of Management, Ahmedabad also has increased its fee for its two-year post graduate programme in management.
IIM Ahmedabad announced a fee hike of 11.44% for the 2015-17 batch for its postgraduate programmes in management and PG food and agribusiness management. The programme's fee has gone up from Rs 16.6 lakh to Rs 18.5 lakh.
"Inflation rates were high in past two years, with inflation around 10% per annum and 7-8% this year and is expected to be in the same range next year. The hike was logical," Ashish Nanda, director, IIM-A said earlier.
"IIM-A has not increased its fee for long duration programs for two years," he added.
Fees for IIM-A's flagship course, Post Graduate Programme in Management (PGP) and PGP-Agribusiness Management (PGP-ABM) is up from the present Rs 16.6 lakh to Rs 18.5 lakh. While PGP-Executive (PGPX) course fee is raised from Rs 21.5 lakh to Rs 24 lakh for the batch commencing from April 2015.
