Fee and Financial Aid

Programme Expenses

Post Graduate Programme in Management Fee Payment Schedule For 2023 - 24

Admission Fee (Partially refundable as per policy, refer offer letter)

1	Admission fee (Payable as per “date of payment” as specified in the offer letter)	Rs.300,000
2	GST @ 18%	Rs.54,000
	Total admission fee	Rs.354,000

Commitment Fee (Non-Refundable, refer offer letter)

1	Commitment fee (Payable as per “date of payment” as specified in the offer letter)	Rs.200,000
2	GST @ 18%	Rs.36,000
	Total Commitment fee	Rs.236,000

Other Fees (Students have the option of paying the other fees either in one installment or two installments as below).

		Amount payable if paid in single installment		Amount payable if paid in two installments
		Amount payable if paid in single installment		1st Installment		2^nd Installment*
		Shared Accommodation	Studio Accommodation	Shared Accommodation	Studio Accommodation	Shared Accommodation	Studio Accommodation
		Due on or before 16-03-2023		Due on or before 16-03-2023		Due on or before 21-09-2023
3	Tuition fee	24,57,000	24,57,000	12,28,500	12,28,500	12,28,500	12,28,500
4	Accommodation fee	2,89,000	5,16,000	1,44,500	2,58,000	1,44,500	2,58,000
5	Onetime fee for ISB Alumni for use of ISB Library & Recreation Center	15,000	15,000	15,000	15,000	-	-
	Total	27,61,000	29,88,000	13,88,000	15,01,500	13,73,000	14,86,500
6	Interest @ 6% on 2nd Installment	-	-	-	-	42,657	46,183
	Subtotal	27,61,000	29,88,000	13,88,000	15,01,500	14,15,657	15,32,683
7	GST @18%	4,96,980	5,37,840	2,49,840	2,70,270	2,54,818	2,75,883
8	Security Deposit (Interest free - refundable at the end of the academic year subject to recoveries if applicable)	20,000	20,000	20,000	20,000	-	-
9	Total payable (SI.No. 3-8)	32,77,980	35,45,840	16,57,840	17,91,770	16,70,475	18,08,565
10	Insurance policy should be self-obtained & the policy coverage should be a minimum of one Lakh Rupees.	At Actuals	At Actuals	At Actuals	At Actuals	-	-

11	Alumni Association Membership deposit (Optional & transferable to Alumni association fund upon graduation)	25,000	25,000	25,000	25,000	-	-
12	GST @ 18%	4,500	4,500	4,500	4,500	-	-
	TOTAL	29,500	29,500	29,500	29,500	-	-

ISB reserves the right to accept delayed payment between 16th March and 15th April 2023 with late payment fee of INR 10,000/- plus taxes. The decision of authorized person of ISB shall be final in such cases.

You may download the details of fee structure for the purpose of applying for an educational Loan.

a. Taxes (*) shall be payable as per the rates applicable at the time of payment.

b. Deferral deposit remitted shall be set off against the amount payable at the time of enrolment.

c. Tuition fee waiver awarded, if any, shall stand withdrawn if the student withdraws from the programme before graduation or in case of any disciplinary action under the rules and regulations of ISB.

Other Estimated Expenses for PGP 2023-24 per Student on Campus*

S.No	Particulars	Approximate Amount in Indian Rupees per annum
1	Books	20,000
2	Laptop	100,000
3	Meal Plans	90,000
4	Other expenses towards: IT support, laundry, electricity, documentation expenses, photocopy charges etc.	75,000
	Total:	2,85,000

*This is only an indicative amount

Scholarships

Scholarships by ISB

Category	Name of the scholarship	Description	How to apply ?	Scholarship as % of Tuition Fee	Mode of disbursal
Merit	Dean Don Jacob's Memorial Scholarship	Awarded to an applicant high on merit.	No separate application required	50%	Waiver
Merit	Prof.Manasa Mandava Memorial Scholarship	Awarded to a woman applicant high on merit. It will be awarded in two tranches, the first tranche 25% of the tuition fee at the start of the programme and the second after completion of the core terms.	No separate application required	50%	Waiver
Merit	ISB Merit Waiver	All applicants will automatically be considered for the available merit-linked tuition waivers.	No separate application required	25%-100%	Waiver
Diversity	ISB Merit by Diversity Waiver	The applicants coming from diverse back grounds in Education or Profession and high on merit will be considered.	No separate application required	25%-100%	Waiver
Diversity	International Diversity Waiver	The applicants with international passport and high on merit will be considered.	No separate application required	25%-100%	Waiver
Need-cum-Merit	ISB Need-cum-Merit Waiver	Family income is not more than INR 18 Lakhs (including applicant’s pre-ISB income)	Essay and Proof of income for self and family	25%	Waiver
Diversity	AIESEC – ISB Waivers	The applicants who are also AIESECERs can apply for this waiver.	Essay and proof of AIESEC	25%	Waiver
Diversity	Bridge to India Waiver	The applicants who are currently working abroad and are planning to come back to India can apply.	Essay	25%	Waiver

Scholarships Supported by Donor

Category	Name of the scholarship	Description	How to apply ?	Scholarship as % of Tuition Fee	Scholarship Amount in Lakhs	Mode of disbursal
Merit	Bajaj Auto Scholarship	Bajaj Auto sponsors three merit-based scholarships. The awardees of this scholarship are known as "Bajaj Auto Scholar".	No separate application required	100%	N/A	Waiver
Merit	Deepak Parayanken Tuition Waiver	Deepak Parayanken, alumnus of PGP Class of 2011 sponsors two merit-based scholarships and at least one of these is awarded to a female student.	No separate application required	N/A	15	Waiver
Need-cum-Merit	Need-cum-Merit Scholarship (Anonymous Donor)	The donor has sponsored need-based scholarships for PGP programme. The scholarship amounts will be paid into the awardees' accounts after enrolment. ISB Need-cum-merit based criteria.	ISB Need-cum-merit based application	25%-100%	N/A	Paid to student's account
Merit or Need	Lakshya Scholarship for women	Bharat Forge Limited has instituted "Lakshya Scholarship for Women" to financially support a student of PGP programme every year.	No separate application required	N/A	10	Waiver
Need-cum-Merit	Anonymous Donor	The donor has sponsored need-based scholarships for PGP programme. ISB Need-cum-merit based criteria.	ISB Need-cum-merit based application	25%	N/A	Waiver
Merit	Alumni Endowment Fund Tuition Waiver	The Alumni Endowment Scholarship awards two merit-based scholarships to the students of PGP programme every year.	No seperate application required	25%	N/A	Waiver
Diversity, Need & Merit	Visiting faculty Scholarship	The visiting faculty scholarship is awarded to an international student of PGP programme every year.	No seperate application required	25%	N/A	Waiver
Need Cum Merit or Only Need	Shapoorji Pallonji Tuition Grant	Shapoorji Pallonji sponsors a Need Cum Merit based tuition waiver to support the meritorious PGP students, every alternate year (Class of 2022, 2024, etc.). ISB Need-cum-merit based criteria.	ISB Need-cum-merit based application	25%	N/A	Waiver
Need-based	Ramesh C. Khanna Nurture India Scholarship	Amit Khanna, alumnus of PGP Class of 2004, has instituted this need- based scholarship and it is awarded to student who is the sole earning member of her/his family. An essay needs to be submitted, based on which the donor would select the candidate. ISB Need-cum-merit based criteria	Essay and supporting documents	25%	N/A	Waiver
Diversity or Need	Ishwar Prakash Agarwal Scholarship	Alok Aggarwal, alumnus of PGP Class of 2004, has instituted a scholarship for differently/specially abled. If none qualifies, this scholarship will next be offered to Women returning back to work after sabbatical/raising family.	Essay and supporting documents	N/A	6	Waiver
Need-based	AT&T Tuition Grant	AT&T Global Network Services has instituted two tuition waiver Scholarships to the students of PGP programme of which one will be a female student. ISB Need-cum-merit based criteria	Declaration ISB Need based application	N/A	5	Waiver
Merit or Need	Aakash Tuition Grant	Aakash Chaudhry, alumnus of PGP Class of 2004, has instituted a need /merit-based scholarship for PGP Programme.	No seperate application required	N/A	5	Waiver
Need-based	Jagannath Arora Scholarship	Neeraj Arora, alumnus of PGP Class of 2006 sponsors a need- based scholarship in the name of his father Mr. Jagannath Arora. The awardee of this scholarship is known as "Jagannath Arora Scholar". ISB Need-cum-merit based criteria.	ISB Need-cum-merit based application	N/A	5	Waiver
Need-based	PGPMAX Co 2012 Scholarship	Sponsored by the Alumni of PGPMAX Class of 2012, this need-based scholarship is awarded to applicants coming from the social sector. The applicants will have to submit an essay on "Giving back to the society", based on which the awardee would be selected. ISB Need based criteria.	Essay and supporting documents	N/A	5	Waiver
Need-based	Aditya Shembekar Scholarship	As a commemorative gesture, the alumni of PGP Class of 2013, Aditya's family, and friends instituted a scholarship known as Aditya Shemberkar scholarship which is awarded to a student of PGP programme every year. ISB Need based criteria.	ISB Need-cum-merit based application	N/A	5	Waiver

Scholarships given to graduating students of ISB

Category	Name of the scholarship	Description	How to apply ?	Scholarship as % of Tuition Fee	Mode of disbursal
Need	ISB's Develop India Scholarship	This scholarship has been instituted by the school to help graduating students of ISB venturing into social impact start-ups, Non-Profit / NGO and Development sector or are returning back to PSU/Govt Sector and have Educational loan	Application with SOP	EMI upto 24 months	Paid to the student's Loan account

Note:

*All applicants are considered for Merit scholarships by default.

*Each applicant will be eligible to receive only one of the tuition waivers.

*The information provided aims to be accurate as far as possible at the time of publication. The school reserves the right to add, withdraw or modify any of the criteria, amount and count for all the tuition waivers/scholarships cited above at any time