MBA fee structure in private B-schools get curtailed soon for the session 2016-17

Some MBA tuition fee regarding recommendations has been submitted by the National Level Fee Fixation Committee headed by B N SriKrishna to Ministry of Human Resource Development about to diminish the MBA and related to the professional course tuition fee charged by the private college or universities. But the committee has abstained any fee reduction in IIM’s tuition fees.

India’s private colleges and the Education Promotion Society for India (EPSI) has already issued a circular letter EPSI/CIR-246/PGDM-51/2015  dated  November 19, 2015 among its members society just for asking them about their views and suggestions in this tuition fee curtailing matter.

Supreme Court of India not ready to allow the exploitation of technical education in the country. Just to address this matter, AICTE had set up the Justice Srikrishna committee about to inform the issue of high tuition fee in management private institutions.

Till to take a hard decision regarding this matter, the panel has recommended ceiling on proposed tuition fees for the following courses such as Engineering, pharmacy, Architecture, computer application and MBA/PGDM courses in private institutes in India. The panel has also dictated the names of cities where these Private business institutes are located in Tier-1, Tier-2 and Tier-3 cities. But there is a discussion about the upper ceiling of tuition fee, then it is proposed to be fixed according to the city location.  Panel classified the cities based upon important factors, i.e population, especially in the big cities like Delhi, Mumbai, Bangalore, Hyderabad etc. Therefore, these cities are classified as Tier-1 cities.

AICTE Chairman named as Dr Anil Saharsabudhe has confirmed about the recommendations for tuition fee which have been received by the National level Fee Fixation Committee and then forwarded to Ministry of Human Resource Development (MHRD) for further action related to fee structure. Here below, we are giving the following fee structure which has been recommended by the Justice Srikrishna committee for different technical courses which have been offered by different tier private institutes in India

Course	Tier 1 location	Tier 2 Location	Tier 3 Location
2 year MBA/PGDM	Rs.171,300	Rs. 163,400	Rs.157,800
2 year ME/M Tech	Rs.251,350	Rs. 239,950	Rs.231,350
MCA-3 years course	Rs.171,150	Rs. 163,250	Rs.157,650
BE/BTech (4 years course)	Rs.158,300	Rs.150, 500	Rs.144,900
B Pharma (4 years course)	Rs. 155,225	Rs.147,250	Rs.141,650
B Arch(5 years course)	Rs. 225,300	Rs.213,500	Rs.205,050

As per recommendations, a tuition fee starts from Rs.1.71 lakhs for 2 year full time MBA course in tier-1 locations which have been offered by top rated private Business school. But in case of tier-3 cities, the proposed fee structure is 1.58 lakhs.

Here are some top rated private management schools which are included in this fee structure named as XLRI Jamshedpur, MDI Gurgaon, SPJIMR Mumbai, NMIMS Mumbai, IMI Delhi, IMT Ghaziabad, BIMTECH Greater Noida, TAPMI Manipal and XIMB Bhubaneshwar.

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