Fee and Financial Aid

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Programme Expenses

Post Graduate Programme in Management Fee Payment Schedule For 2024-25 (Tentative)

Admission Fee (partially refundable as per policy, refer to the offer letter)

1	Admission fee (payable as per 'date of payment' as specified in the offer letter)	Rs 3,00,000
2	GST @ 18%	Rs 54,000
	Total admission fee	Rs 3,54,000

Commitment Fee (non-refundable, refer to the offer letter)

1	Commitment fee (payable as per 'date of payment' as specified in the offer letter)	Rs 2,00,000
2	GST @ 18%	Rs 36,000
	Total Commitment fee	Rs 2,36,000

Other fees: Students have the option of paying the other fees either in one 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 14-03-2024		Due on or before 14-03-2024		Due on or before 07-09-2024
3	Tuition fee	24,72,000	24,72,000	12,36,000	12,36,000	12,36,000	12,36,000
4	Accommodation fee	2,89,000	5,16,000	1,44,500	2,58,000	1,44,500	2,58,000
	Total	27,61,000	29,88,000	13,80,500	14,94,000	13,80,500	14,94,000
5	Interest @ 6% on 2nd Installment	-	-	-	-	40,167	43,469
	Subtotal	27,61,000	29,88,000	13,80,500	14,94,000	14,20,667	15,37,469
6	GST @18%	4,96,980	5,37,840	2,48,490	2,68,920	2,55,720	2,76,744
7	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	-	-
8	Total payable (SI.No. 2-7)	32,77,980	35,45,840	16,48,990	17,82,920	16,76,387	18,14,213
9	Insurance Premium towards hospitalisation insurance policy payable along with fees as per insurance premium calculator.)	At Actuals	At Actuals	At Actuals	At Actuals	-	-

10	Alumni Association membership deposit (optional & transferable to the association fund upon graduation)	25,000	25,000	25,000	25,000	-	-
11	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 March 15 and April 13, 2024 with a late payment fee of 10,000 INR plus taxes. The decision of the authorised person from ISB shall be final in such cases.

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

Other estimated expenses for PGP 2024-25 per student on campus*

S.No	Particulars	Approximate amount in Indian rupees per annum
1	Books	20,000
2	Laptop	50,000
3	Meal Plans	75,000
4	Other expenses towards: IT support, laundry, electricity, documentation expenses, photocopy charges etc.	50,000
5	International Exchange Programme Cost	4,50,000
	Total	6,45,000

*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 backgrounds 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 not more than INR 18,00,000 (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	Applicants who are currently working abroad and are planning to come back to India can apply.	Essay	25%	Waiver
Diversity	Armed Forces Scholarship	Offered in honour of the armed forces personnel, who while risking their lives, are continuously at the helm of keeping our nation safe.	No Separate application required	50%	Waiver

Scholarships Supported by Donor

Essay and supporting documents

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
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-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
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	25%	N/A	Waiver
Need-cum-Merit	Vidula Jalan Scholarship	Instituted in memory of Late Vidula Jalan, an alumna of the School from the PGP Co2003, the scholarship is a generous gift by the Anshuman and Vidula Jalan Foundation, which will be awarded on a need-cum merit basis to two PGP students (one female and one male), commencing from the Class of 2025	ISB Need-cum-merit based application Essay and supporting documents	100%	N/A	Waiver / Refund
Diversity cum Merit	Indira - Vasudha Scholarship	Yashraj Erande, an alumnus of PGP Class of 2006, has instituted a tuition waiver to be granted annually to one female PGP candidate. The waiver will cover up to 25% of tuition fees based on merit.	Application for the tuition waiver	Up to 25%	N/A	Waiver / Refund

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