What is the total cost of studying at NITIE?
IIM Mumbai charges INR 21 Lakhs for the flagship MBA program for 2 years. It includes all the charges including INR 18 Lakhs tuition fees, hostel charges, alumni fees, and caution deposits.
For other MBA courses i.e. MBA in Operations and Supply Chain Management, the fees is INR 17 Lakhs for 2 years. The fees for an MBA in Sustainability Management is INR 20.48 Lakhs. The candidates should know that the fees are subject to change every year by around 10% - 20%. IIM Mumbai also offers various scholarships and financial aid to the eligible students to help reduce the financial burden of MBA pursuing students.
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If you are considering applying to NITIE Mumbai for one of its postgraduate programs, you may be wondering about the fees and application process. The fee for the PGDIE program at NITIE Mumbai is INR 11.33 Lakhs, while the fees for the PGDIM program are INR 13.43 Lakhs. It is important to note that these fees are subject to change and may vary from year to year.
In addition to the program fees, there is also an application fee that you will need to pay when applying to NITIE Mumbai. The application fee for all three programs - PGDIM, PGDIE, and PGDSM - is INR 1000 for general category students. However, for SC/ST and PWD candidates, the application fee is INR 500.
It is important to note that these fees and application processes are subject to change and you should always check the official NITIE Mumbai website for the most up-to-date information. NITIE Mumbai also offers various scholarships and financial aid options to eligible students. These options can help reduce the financial burden of pursuing a postgraduate program at NITIE Mumbai.
When considering the fees and application process for a postgraduate program, it is important to also consider the value of the education and the potential return on investment. NITIE Mumbai offers a strong curriculum and industry exposure that can prepare you for a successful career in the industry. With its strong industry connections and reputation, a postgraduate program from NITIE Mumbai can be a valuable investment in your future career.
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One of my friends is a former student of NITIE. He passed NITIE in 2020. I have gathered some details from him, about the overall college fee. Here are the details of the cost at NITIE:
- College fees are different for GATE candidates (12.53 Lakhs) and CAT candidates (14.63 Lakhs)
- Food at mess will be around Rs.4,000 which will be 80,000 for 20 months (4 months of internships, holidays, etc.)
- Miscellaneous expenses include eating out, parties, tickets to home, trips, shopping, etc. which depends on your lifestyle.
- If you are admitted through GATE, then you will be eligible to get a stipend of Rs 12,400 per month. For 20 months, your stipend will be a total of 2.5 Lakhs.
- Also, you may end up getting an internship stipend as high as 3 Lakhs.
Considering the average stipend of 1.5 Lakhs, the effective cost of study will be: 5.4 Lakh for GATE candidates and 8.9 Lakh for CAT candidates. The average placement package students get is around 18 LPA at the time of final placement. NITIE is known for giving the second-best ROI in the country after FMS.
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