IFMR Graduate School of Business (GSB), Sri City Courses and Fees
Courses
IFMR MBA Course & Fee Structure
The IFMR Chennai, also known as IFMR Graduate School of Business (IFMR GSB), offers various courses with different fee structures. One prominent program is the IFMR MBA. IFMR Graduate School of Business, often referred to as IFMR GSB, provides comprehensive details about its courses and fee structures on its official website.
Course Eligibility Requirements
MBA
Requirement: Minimum 60% score in class 10th, 12th, and graduation. Candidates in their final year of undergraduate studies are also eligible to apply.
Duration: 2 years
Admission Criteria: CAT, CMAT, NMAT by GMAC, XAT, GMAT, along with a Written Ability Test and Personal Interview.
Intake: 180
Fee: INR 14,56,000 (excluding boarding charges for 2 years)
Executive MBA
Requirement: Full-time graduate degree in any discipline from a recognised institute or university. Alternatively, candidates should have relevant work experience of at least 2 years.
Duration: 3 years
Admission Criteria: Written tests conducted by IFMR GSB faculty, followed by a Personal Interview at L&T Construction’s offices.
Intake: 45
BBA + MBA
Requirement: Completion of Class 12th or equivalent with 60% marks. Candidates in the final year of their 12th examinations are also eligible to apply.
Duration: 5 years
Admission Criteria: IPMAT, SAT, or KREA Aptitude Test, along with a Personal Interview.
Intake: 60
MDP (Management Development Program)
Requirement: Minimum graduation from any recognised university or institution.
Duration: 6 months to 1 year
Admission Criteria: Written Ability Test by IFMR GSB, followed by a Personal Interview.
PhD
Requirement: Minimum 60% marks in undergraduate or master’s degree, or equivalent PG diploma in any discipline. Full-time graduates or candidates in the final year of their post-graduate studies are eligible to apply.
Duration: Minimum 3 years
Admission Criteria: CAT, CMAT, GATE, GMAT, GRE, NET JRF, NMAT, XAT, along with a Personal Interview.
Data Science
Requirement: A bachelor’s degree from a reputable institution, along with work experience in the public or private sector.
Duration: 10 months
Admission Criteria: Evaluation based on application, followed by a Personal Interview.
IFMR MBA Fees Structure
Fee Structure for MBA Batch 2024-26
The tuition fee for the programme is INR 14,56,000/- (Rupees fourteen lakhs and fifty-six thousand only). This does NOT include living expenses and alumni fees which are listed separately in the table below. The tuition fee for the MBA programme has not undergone a hike this year and continues to be the same as the previous batch. Details of other fees and payment schedule is as follows:
MBA 2024-26
| S.No | Fee Description | Amount in INR | Tentative Timelines for Payment |
|---|---|---|---|
| 1 | Tuition Fee: 1st Instalment: inclusive of Admission Acceptance Fee |
To be paid when accepting the offer | |
| a. Admission Acceptance Fee | 40,000 | ||
| b. Balance First Instalment Fee | |||
| Part-1 of first Instalment Fee | 1,35,000 | ||
| Part-2 of first Instalment Fee | 1,35,000 | ||
| Part-3 of first Instalment Fee | 1,35,000 | ||
| 2 | Refundable Caution Deposit | 35,000 | 20-Jun-24 |
| 3 | Year-1 Living Fee (Boarding & Lodging Charges including laundry charges upto INR 500/- per month) |
2,00,000 | 20-Jun-24 |
| 4 | Tuition Fee: 2nd Instalment | 4,45,000 | 30-Nov-24 |
| 5 | Tuition Fee: 3rd Instalment | 5,66,000 | 30-Jun-25 |
| 6 | Year-2 Living Fee * (Boarding & Lodging Charges including laundry charges upto INR 500/- per month) *This is an indicative amount. The revised amount will be communicated in Jan or Feb 2025. Subject to revision based on the inflation and other costs. |
2,10,000 | 30-Jun-25 |
| 7 | Alumni Fee | 5,000 | 30-Jun-25 |
Note:
- The instalments fee mentioned above is inclusive of tuition fee, provision of course materials and library services.
- Medical insurance charges are part of the living fee.
- The fee does not include any laptop charges. Student is required to bring his/her/their own laptop.
- The MBA Programme is residential and hence staying in hostel is mandatory. The hostel is located inside the University campus in Sri City.
- Fee payment should be made through the online mode only.
BBA + MBA Integrated Programme
Fees
- For the first three years, the Tuition fee is Rupees Five Lakhs (5 Lakhs) per annum, and after that
- The Tuition fees of the MBA programme are applicable; that is, Rupees Seven Lakh Twenty-Eight Thousand (7.28 Lakhs) per annum and are subject to revision.
- Currently, the living expenses are Rupees Two Lakhs (2 Lakhs) per annum,
- And this is subject to revision based on inflation and (any) changes in the scope of services.
Fee Structure & Schedule
| Component of Academic Fees | Indian Rupees | Payment Due Date |
| Admission Acceptance Fee | 25,000 | Two weeks from the Admissions offer date |
| Part 1 of first Instalment fees | 75,000 | Three weeks from the Admission offer date |
| Part 2 of first Instalment fees | 1,20,000 | Four weeks from the Admissions offer date |
| Caution Deposit^^ | 50,000 | 10 July 2024 |
| BBA programme commencement | 15 July 2024 | |
| Second Instalment fees | 1,60,000 | 01 Sep 2024 |
| Third Instalment Fees | 1,60,000 | 01 Dec 2024 |
| Fourth Instalment Fees | 1,60,000 | 01 June 2025 |
| Fifth Instalment Fees | 1,60,000 | 01 Sep 2025 |
| Sixth Instalment Fees | 1,60,000 | 01 Dec 2025 |
| Seventh Instalment Fees | 1,60,000 | 01 June 2026 |
| Eighth Instalment Fees | 1,60,000 | 01 Sep 2026 |
| Ninth Instalment Fees | 1,60,000 | 01 Dec 2026 |
| Alumni Fee | 5,000 | 01 Dec 2026 |
The caution deposit of INR 50,000/– will be refunded at graduation from IFMR GSB, Krea University, or withdrawal of admission subject to recoveries, if any, pending from the student
Living expenses* – INR 2,00,000 per annum (subject to revision every year)
*Please note that living expenses include monthly launderette costs of up to Rs 500 [if you incur beyond that, you need to pay extra]
Living expenses for each academic year are payable on the following dates
AY 2024 – 25 on/before 10 July 2024
AY 2025 – 26 on/before 30 Jun 2025
AY 2026 – 27 on/before 30 Jun 2026