Understanding the Expenses of an MBA at FMS

Costs of Pursuing an MBA at FMS

When considering enrolling in an MBA program, one of the key factors is the cost associated with the program. For prospective students considering the Faculty of Management Studies (FMS) at Delhi University, there are several expenses to take into account. In this article, we delve into the typical costs of an MBA program at FMS, based on insights from alumni and aggregating various sources to provide a comprehensive overview.

Breaking Down the Expenses

Tuition Fees

One of the largest expenses is the tuition fee. For a two-year program, the tuition fee can range from INR 1.5 lakhs to INR 2.5 lakhs per year, totaling around INR 3 lakhs to INR 5 lakhs for the entire program.

Accommodation

The cost of accommodation depends on your choice between on-campus and off-campus housing. For on-campus accommodation, the cost can range from INR 30,000 to INR 60,000 per year.

Books and Supplies

Books and supplies can be a significant expense, with a budget of about INR 20,000 to INR 30,000 for the whole course being common.

Food and Daily Expenses

The average monthly expenses for food and daily living can vary from INR 5,000 to INR 10,000, adding up to a total of INR 1.2 lakhs to INR 2.4 lakhs over the two-year period.

Miscellaneous Expenses

Miscellaneous expenses include travel, personal expenses, and other unforeseen costs, which could add another INR 50,000 to INR 1 lakh to your total expenses.

Total Estimated Cost

Adding up all these expenses, the total expenditure for an MBA at FMS over two years could range from approximately INR 5 lakhs to INR 10 lakhs depending on personal lifestyle and choices.

Additional Insights from Alumni

Based on several alumni's experiences, the costs can vary. For instance, one graduate mentioned their total expense as follows:

College Fees: 20K/10K for each year MSA Fees: 70K/35K for each year Accommodation and Food: With a 3BHK flat in the vicinity of the campus, the monthly expenditure on accommodation and food was estimated between 8K to 10K, amounting to about 2.4 lakhs for the entire course

Other sources of income during the program include:

Summer Internship: Earnings can vary, like the author's 80K for two months Live Projects: Not always paid, but some participants earned 10K Corporate/Inter B School Competition: Various competitions offered significant rewards. One team won 70K, while highly skilled batch-mates took home from 2 to 3 lakhs

After these deductions, the net expense was around 3.5 lakhs.

Conclusion and Final Thoughts

While the total cost of an MBA at FMS can be substantial, it's important to note that income-generating opportunities can offset a portion of these expenses. Additionally, networking and skill-building during the program can be invaluable in the long run.

If you're looking for more detailed information, you might consider reaching out to current or former FMS students on social media platforms or through alumni networks.