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Tution fees 1st year 445000 Tution fees 2nd year 465000 Tution fees 2nd year 566000 Caution deposit 35000 Living fee 1 year 200000 Living fee 2nd year 210000 Alumini fee 5000 The tuition fee for the programme is INR 14,56,000/- (Rupees fourteen lakhs and fifty-six thousand only). This does NOT include living expenses and alumni fees which are listed separately in the table below.
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Upon acceptance a non-refunadble admission fee of 35,000 rupees and a tutition fee of 50,000 totalling 85,000 rupees. At the beginning of trimester 1 you pay a tuition fee of 1,40,000 rs, and a tuition fee of 65,000 rupees is payable and A one-time refundable deposit of 50,000 rupees and living expenses of 65,000 rupees is required making the total 1,15,000 rupees. At the beginning of trimester 2 you pay a tuition fee of 2,80,000 rupees and a living fee of 70,000 rupees totalling 3,50,000 rupees. Similarly at the beginning of trimester 3 you pay a tuition fee of 2,80,000 rupees and a living fee of 65,000 rupees totalling 3,45,000 rupees. the overall fee would total upto 11,00,000
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The tution fee was 364000 per half year. The hostel fee was 180000 for the same. The overall fee was 18 lacs approximately. They have increased it now to 20 lacs. The placecom team is efficient and they get lot of opportunities for the students. The average salary went to 12 lacs for my batch. The lowest was 6 lpa and highest 22 lpa.
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Krea only offers financial aid on need basis and not merit basis. The fees are quite high for Indian college standards but it is worth it in my opinion and they acknowledge the need for aid as and when required.
The fees are moderate compared to other MBA colleges. Scholarships are given to the top performers of the batch. Internships are paid and everyone gets placed on the campus. Though each year the college fraternity restructures the fee structure and a hike is seen.
The fee structure seems a bit high if we compare it to what it used to be previously. But if we compare it to the placements they provide, one can settle for the deal. The college grants scholarships on a merit basis. We have seen the management being very considerate in the times of covid for providing financial assistance to the person who was specifically in need. Even though there was a tough summer placement season, the college tried its best to get us good opportunities with a decent stipend.
Yes, I got 1 lac rupees scholarship for best performance during the first year of my college also it is easy to get an education loan for ifmr from Indian Bank as it comes under their prime list of colleges.
We have tie ups with mostly all the renouned and PSU banks, naming a few ; State bank of India, Bank of Baroda, Bank of India, HDFC, Axis Bank etc. As a result a student pursuing MBA programme from IFMR-GSB ( Krea university) gets loan easily from these banks.
IFMR has always had a successful record in Summer Internships. While all students were placed in good profiles, the internship scenario not only motivated the students to perform well but also added an additional touch of excellence to the academic sheen which IFMR possesses. The Management helped the students throughout the internship to ensure that IFMR puts its best foot forward at work.
They do have scholarship facility for toppers and loan facility is available from all nationalised banks.
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