Business schools are expensive. The cost of the most coveted two-year Post Graduate Programme (PGP) course at the Indian Institute of Management, Ahmedabad, currently stands at Rs 22 lakh ($31,900). IIM Bangalore and IIM Calcutta cost marginally less. And the course fees at IIMs also go up almost every year in line with inflation. Compared with private institutions, though, this is positively cheap. Course fees for Indian School of Business’ (ISB) one-year PGP offering, for example, costs over 1.5X the fees of IIMA.
But even as these fees continue their stratospheric rise, there is no dearth of applicants.