What is the total cost incurred in doing your MBA from NMIMS Mumbai?

The following answer is based on my brother’s experience at NMIMS and may vary from person to person depending on their own personal expenses and standard of living. The table below shows the NMIMS MBA fee structure.

From the above data the approximate cost is 26-27 Lakhs. The additional expenses like hanging out, fares, and miscellaneous activities can amount to 1 Lakh. 

Now let’s consider you staying in a flat and not a hostel. The MBA fees remain the same. But the living expenses are considerably cut down. My friend lives in a flat with 5 people and shared her average expenses.

• The rental expense was 10k
• The security deposit was 1 lakh
• 6-8k per month for electricity bills and grocery shopping
• An additional 2-3k for hanging out 
• The average auto fare would be 3k per month
• The rough average is 20k per month and if you calculate the same for 21 months it amounts to 4.2 Lakh.

The total expenses including tuition fees amount to 30-33 Lakhs. I think it’s better to go to a hostel than to a flat.