Jamnalal Bajaj Institute of Management Studies (JBIMS) Mumbai has announced 200% hike in the fees of its 2-year Masters in Management Studies (MMS) Programme with effect from academic session 2017-18. The fee for domestic general category candidates going to pursue MMS 2017-19 course at JBIMS, Mumbai stands at INR 3 lakhs per annum from the existing fee of INR 102,290/-.
JBIMS an Autonomous Body
JBIMS become an autonomous body in July 2014 and hence its fee structure is no more regulated by the Government of Maharashtra state controlled Shikshan Shulka Samiti (SSS).
Despite gaining the autonomy, the fee at JBIMS continued to remain low till last year and JBIMS stood among the low fee – high placement MBA colleges in the country. JBIMS Mumbai is one of the top MBA colleges of India but during the past 3 years especially since it was awarded the status of autonomous management institute in 2014, it has changed its admission process every year.
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Implications of 200% Fee hike on JBIMS
With a staggering fee hike, MBA aspirants seeking admission in the institute will now have to shell out around Rs. 4 lakhs more vis-a-vis the fees that they paid earlier. The total fee for 2 years MMS programme will now come to Rs. 6 lakhs as against Rs. 2,04,580/-
Apart from the domestic general category candidates JBIMS has increased the fee for NRI/PIO candidates as well. The institute has also made it official that “For NRI/FN and PIO students will be charged twice the amount of fee for General Students i.e. INR 6 lakhs p.a.” This implies that the 2 years MMS programme fee for the NRI/FN and PIO students will stand increased to Rs. 12 lakhs.
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