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.
Fee Structure and Payment Schedule for MBA Batch 2024-26
The tuition fee for the 2024-26 MBA program is INR 14,56,000 (Rupees fourteen lakhs and fifty-six thousand). This amount excludes living expenses and alumni fees, which are listed separately below. Notably, there has been no increase in the tuition fee for this batch, as it remains the same as the previous year. The breakdown of other fees and the payment schedule is provided below:
IFMR GSB MBA 2024-26 Fee Details
| S.No | Fee Description | Amount in INR | Tentative Payment Timeline |
|---|---|---|---|
| 1 | Tuition Fee: 1st Instalment (including Admission Acceptance Fee) | ||
| a. Admission Acceptance Fee | 40,000 | To be paid when accepting the offer | |
| b. Balance First Instalment Fee | |||
| Part-1 of First Instalment | 1,35,000 | ||
| Part-2 of First Instalment | 1,35,000 | ||
| Part-3 of First Instalment | 1,35,000 | ||
| 2 | Refundable Caution Deposit | 35,000 | 20-Jun-24 |
| 3 | Year-1 Living Fee (Boarding & Lodging, includes laundry up to INR 500/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, includes laundry up to INR 500/month)* | 2,10,000 | 30-Jun-25 |
| 7 | Alumni Fee | 5,000 | 30-Jun-25 |
*This is an indicative amount and may be revised in January or February 2025 based on inflation and other factors.
Important Notes:
- The instalments cover tuition fees, course materials, and library access.
- Living fees include medical insurance charges.
- Students are required to bring their own laptops, as laptop costs are not included.
- The MBA program is residential, and staying in the on-campus hostel at Sri City is mandatory.
- All payments must be made online.
Disclaimer: The provided fee structure applies to the 2024-2026 cohort. The updated fee details for the upcoming batch will be shared soon.
IFMR GSB 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
IFMR GSB Integrated MBA
FMR GSB offers a five-year integrated program in Management that combines IFMR’s five decades of expertise in business education with Krea University’s distinctive approach to liberal education. Students receive a BBA degree upon completing three years and an Integrated MBA degree upon finishing five years.
This program is strategically designed to instill attitudes, values, and qualities while developing skills and building a knowledge foundation for aspiring entrepreneurs and business leaders.
Students have the option to exit the program at different stages and earn the following degrees:
- Exit after three years with a BBA degree
- Exit after four years with a BBA Honours degree
- Upon completing five years, receive an Integrated MBA degree
Additionally, students can opt for a one-year sabbatical between the BBA and MBA to gain experience in the industry, work in a family business, or pursue entrepreneurial ventures.
IFMR GSB Integrated MBA 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 | Amount (INR) | Payment Due Date |
|---|---|---|
| Admission Acceptance Fee | 25,000 | Two weeks from the admission 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 admission offer date |
| Caution Deposit^^ | 50,000 | 10 July 2024 |
| BBA Program Commencement | 15 July 2024 | |
| Second Instalment Fees | 1,60,000 | 01 September 2024 |
| Third Instalment Fees | 1,60,000 | 01 December 2024 |
| Fourth Instalment Fees | 1,60,000 | 01 June 2025 |
| Fifth Instalment Fees | 1,60,000 | 01 September 2025 |
| Sixth Instalment Fees | 1,60,000 | 01 December 2025 |
| Seventh Instalment Fees | 1,60,000 | 01 June 2026 |
| Eighth Instalment Fees | 1,60,000 | 01 September 2026 |
| Ninth Instalment Fees | 1,60,000 | 01 December 2026 |
| Alumni Fee | 5,000 | 01 December 2026 |
^^ The caution deposit of ₹50,000 will be refunded upon graduation from IFMR GSB, Krea University, or in the event of admission withdrawal, subject to any recoveries pending from the student.
Living Expenses – ₹2,00,000 per annum (subject to annual revision)
Note: Living expenses include monthly laundry costs of up to ₹500; any additional costs incurred will be charged extra.
Living expenses for each academic year are payable by the following dates:
- AY 2024–25: on or before 10 July 2024
- AY 2025–26: on or before 30 June 2025
- AY 2026–27: on or before 30 June 2026
Disclaimer: The fee structure outlined applies to the 2024-2029 cohort. The updated fee structure for the incoming batch will be available soon.
IFMR GSB 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.