Explore fees, financial aid, and scholarships for the 2024-2025 academic years at the renowned Indian School of Business (ISB) Post Graduate Program (PGP).
Financial constraints shouldn’t hinder deserving candidates from accessing world-class education thus this comprehensive guide simplifies your understanding of the financial aspects of pursuing a PGP at ISB. Get a breakdown of tuition fees for each academic year, ensuring transparency and effective educational journey planning. Discover any additional charges or expenses you may encounter during your time at ISB.
Don’t miss out on the chance to pursue your dreams at ISB. This guide equips you with valuable information on fees, financial aid, and scholarships, ensuring you have the resources to make informed decisions and embark on an enriching educational journey.
APPLICATION COST
The application fee for the Post Graduate Program (PGP) at the Indian School of Business (ISB) varies depending on the application round. In Round 1, the fee is INR 5000, while in Rounds 2 and 3, it increases to INR 7500. This tiered fee structure reflects the different stages of the application process and the associated administrative and evaluation costs.
Re-applicants to the ISB PGP program are required to pay a reduced application fee of INR 2500, regardless of the round they choose to reapply in. This acknowledges their previous application and facilitates their continued pursuit of admission.
ISB MBA APPLICATION FEE WAIVERS
ISB offers application fee waivers for select programs –
– Reapplicants in Round 1 of the 2023 application cycle were eligible for a 50% application fee waiver.
– In Round 3 of the 2023 application cycle, ISB waived the application fee from INR 7500 to INR 2500 for applications submitted between January 22, 2023, and January 29, 2023.
– Applicants who took the GRE could also avail themselves of a waiver for the Analytical Skills Report (ASR) fee of $30, while GMAT takers could have the ASR fee waived for $35.
– ISB YLP 2022-23 offered a fee waiver of INR 3000 for the March 26 deadline by writing an additional essay.
ISB PGP FEES
The ISB PGP program, a one-year full-time MBA program, encompasses various components that contribute to its overall fee structure. It includes the admission fee, commitment fee, tuition and accommodation fee, alumni association membership deposit, and expenses for meals, laundry, and laptops.
Admission Fee: The admission fee for the PGP program is INR 300,000. This fee is partially refundable as per the policy stated in the offer letter. Additionally, a GST of 18% applies, amounting to INR 54,000. Therefore, the total admission fee payable is INR 354,000.
Commitment Fee: To secure a place in the program, applicants are required to pay a non-refundable commitment fee of INR 200,000. This fee must be paid by the specified date in the offer letter. A GST of 18% applies, totaling INR 36,000. The total commitment fee payable is INR 236,000.
Tuition and Accommodation Fee: The tuition fee for the PGP program, combined with shared accommodation, amounts to INR 24,57,000. An additional accommodation fee of INR 2,89,000 applies. Moreover, there is a one-time fee of INR 15,000 for ISB Alumni to access the ISB Library & Recreation Center. The total amount payable for shared accommodation is INR 27,61,000.
For those opting for studio accommodation, the tuition fee is INR 24,57,000, with an accommodation fee of INR 5,16,000. The one-time fee for ISB Alumni remains the same at INR 15,000. The total amount payable for studio accommodation is INR 29,88,000.
GST on the total amount payable applies at a rate of 18%, resulting in an additional charge of INR 4,96,980 for shared accommodation and INR 5,37,840 for studio accommodation. If a student withdraws from the program before it commences, only the admission fee is refundable as per the policy outlined in the offer letter.
The total payable for studio accommodation is 35,45,840 and the total for shared accommodation is 32,77,980
Although the ISB PGP fees may appear significant, it is important to note that they encompass a wide range of facilities and resources that students can benefit from during their time at the school. These fees contribute to a comprehensive educational experience designed to equip students with the skills and knowledge needed to excel in their careers.
Thus the total fee for PGP at ISB is 41.98 Lakh (INR) + GST.
You may like to know more about ISB PGP application deadlines and our analysis of ISB PGP 2023 essays, which might be useful for your applications.
ISB PGPPRO MBA FEES
If you’re considering pursuing the ISB PGPpro MBA program, it’s essential to have a comprehensive understanding of the associated fees.
Application Fees – When it comes to the application process, the fee for applying to ISB PGPpro is INR 5,000. This fee enables aspiring candidates to initiate their journey towards a transformative MBA experience at ISB.
Overall Program Fees – For the 2022-23 academic year, the total fee for ISB PGPpro is ₹30,46,000, which is subject to GST and thus totally to 35,90,680 INR. This fee covers various aspects of the program, including entrance and tuition fees, course materials, executive housing during on-campus residencies, and daily food expenses on school days.
Miscellanious Fees – In addition to the program fee, there are a few other components to consider. A security deposit of ₹20,000 is required, to ensure the safety and care of campus facilities. To support the alumni community, a donation of ₹25,000 towards the alumni fund is also included in the fee structure. Furthermore, students gain access to lifetime leisure centers and library facilities by contributing ₹15,000.
ISB PGPMAX MBA FEES
Application Fees – When it comes to the application process, aspiring candidates are required to submit an application fee. For Round 1, the application fee is ₹10,000, while for Round 2, it amounts to ₹15,000. It’s important to submit your application on time and carefully follow the guidelines to maximize your chances of acceptance into this exclusive program.
Overall Program Fees – Now, let’s explore the program fees. The total fee for the ISB PGPmax is ₹41,63,000, plus GST. This comprehensive fee encompasses all the essentials for your enriching PGPmax journey. It includes the admission fee of ₹3,00,000 and the tuition fee of ₹38,63,000, ensuring access to cutting-edge education, industry-relevant insights, and expert guidance from renowned faculty.
Miscellanious Fees – In addition to the program fee, there are a few other financial considerations. A security deposit of ₹20,000 is required to ensure the preservation and maintenance of campus facilities, providing you with a conducive learning environment. Furthermore, to unlock the lifetime usage of the ISB Recreation Centre, a deposit of ₹15,000 is included, offering you well-deserved leisure and wellness amenities.
By understanding the ISB PGPmax MBA program fees, you can make well-informed decisions and effectively plan your financial investment. Seize this opportunity to elevate your executive career and unlock new horizons of success through this esteemed Executive MBA program.
ISB MFAB FEES
The ISB MFAB is a 15-month MBA program specifically designed for professionals with a background in finance and accounting. To embark on this transformative journey, it’s essential to have a clear understanding of the associated fees. Let’s explore the specifics and shed light on the costs involved in this esteemed program.
Application Fees – When it comes to the application process, there is an application fee of ₹15,000, which includes the BAT test fee for both Round 1 and Round 2. It’s crucial to adhere to the application deadlines and carefully follow the guidelines to increase your chances of acceptance into this exclusive program.
Overall Program Fees – For the 2023-24 academic year, the total fee for the ISB MFAB is ₹41,98,000, plus GST. This comprehensive fee covers various aspects of your MFAB experience, including the admission fee, program fee, lodging, meals, and all textbooks. However, it’s important to note that travel expenses from your home location to both ISB campuses and the overseas destination are not included in the program fees.
Miscellanious Fees – In addition to the program fees, there are a few other financial considerations. A refundable security deposit of ₹20,000 is required to ensure the care and maintenance of campus facilities. To support the alumni community, an alumni membership fee of ₹25,000 is included. Furthermore, to gain lifetime access to the ISB Recreation Centre’s facilities, a deposit of ₹15,000 is required, providing you with well-deserved opportunities for leisure and wellness.
SCHOLARSHIPS BY ISB FOR PGP
ISB recognizes the importance of fostering talent and providing opportunities for deserving candidates to excel in their educational pursuits. The B school offers a range of scholarships to support students in their journey through the renowned Post Graduate Program (PGP) at ISB. In this section, we will explore the diverse scholarships available, highlighting their eligibility criteria and application process. From scholarships based on academic merit to those promoting diversity and leadership, ISB is committed to empowering excellence in education. Discover how you can unlock these scholarship opportunities and make your educational dreams a reality at ISB.
Source – ISB Website
SCHOLARSHIPS SUPPORTED BY DONOR
In this section let’s delve into the inspiring world of scholarships supported by donors at the Indian School of Business (ISB). In this subsection, we will explore the impactful scholarships made possible by generous individuals and organizations who share a passion for empowering students. These scholarships create invaluable educational opportunities for deserving candidates, enabling them to pursue their dreams at ISB.
Source – ISB Website
MORE OPTIONS FOR ISB SCHOLARSHIP
There are more than 70 Scholarships that are offered at ISB which are a mix of merit and need-based scholarships. For Most of the Scholarships, the candidate needs to write an Essay. The decision to grant of scholarship lies with the Admissions committee.
Remember, the journey towards an ISB PGP degree involves not only understanding the program fees but also exploring the avenues for financial support. By utilizing the available resources and making informed decisions, you can pave the way for a successful and fulfilling academic experience at the renowned Indian School of Business.
Plan ahead, explore the possibilities, and make the most of the opportunities that lie ahead. Your ISB PGP journey awaits, and with the right knowledge and preparation, you can embark on this transformative path towards personal and professional growth.
Get an edge in your ISB application process with the support of ISB Alumni at Strategy4GMAT.
For profile evaluation and application assistance, email us at [email protected] or dial +91 8808553552 / 9990493487. Benefit from the firsthand knowledge and expertise of ISB Alumni to craft a standout application that sets you apart.
To know more about ISB’s financial aids, you may refer to the ISB website here.
FAQ
Q. What scholarships are available in Round 2?
A: ISB offers need-based, merit-based, diversity scholarships, corporate scholarships and alumni endowments for admits.
Q. What is the merit-based scholarships one can expect if they apply in ISB admissions Round 2?
A: An amount ranging from 25% to 75% on ISB MBA tuition fee waivers is offered as merit-based scholarships in Round 2.
Q. How can I be eligible for a need-based ISB scholarship?
A: If your combined family income is less than 18 lacs (INR) you can qualify for the need-based ISB scholarship. In addition to need-based, merit-based, and diversity scholarships, ISB also offers corporate scholarships and alumni endowments.
Q. What is the range of merit-based scholarships available in Round 2 for ISB admissions?
A: The minimum scholarship offered is 25% while the maximum can go up to 75% of the tuition fee. Regarding the eligibility for need-based scholarships, the applicant’s family income should not exceed 18 lacs (INR).
Q. How can one apply for a merit-based ISB MBA scholarship?
A: All ISB MBA applicants are considered automatically for merit-based scholarships. The holistic evaluation of the application is considered for the same – the GMAT/GRE, Academic history, LOR, Quality of Work exp., and Interview performance, among many others.
Q. How do I apply for need-based ISB scholarships?
A:To be considered for a need-based scholarship, applicants must check the appropriate scholarship option in the Scholarship section of the application portal, which will prompt them to submit a separate essay.
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