Indian School of Business

What is the fee structure at Indian School of Business?

The fee structure at Indian School of Business (ISB), Hyderabad for 2026 ranges from roughly ₹38.67 lakh for the flagship one-year MBA (Post Graduate Programme in Management, PGP) to ₹49.50 lakh (including GST) for the 15-month PGP MAX Executive MBA, while the doctoral Fellow Programme in Management (FPM) carries no tuition fee at all. For the 2026-27 batch, the PGP total programme fee is ₹38,67,160 including GST for shared accommodation and ₹42,42,040 for studio accommodation, and the PGP MAX Executive MBA is ₹41,78,000 plus GST (₹49,50,040 with 18% GST applied). These figures bundle admission, tuition, course materials and on-campus accommodation, which is why ISB's fee looks higher than typical Indian B-schools that quote tuition alone. Below, each ISB programme is broken down so an aspirant can plan the true cost of studying here.

Course-Wise Fee Structure (2026)

The table below sets out the 2026 (2026-27 batch) fee for each major Indian School of Business programme, answering the core question: what will each course actually cost? It lists the programme, its duration, the indicative tuition component, other charges (admission fee, course materials and on-campus accommodation bundled into ISB's comprehensive fee), and the total payable. Read the "Total Fee" column as the all-inclusive programme cost ISB publishes; for the PGP, the total shown is for shared accommodation, with studio accommodation costing more.

The clear takeaway for 2026 is that ISB's headline fee is a comprehensive, accommodation-inclusive number, not bare tuition, so the one-year PGP at ₹38,67,160 is directly comparable to two-year IIM fees despite the shorter duration. The Executive MBA (PGP MAX) is the costliest at ₹49,50,040 with GST because it targets senior leaders and includes international immersions and executive residencies. The FPM is the outlier: a fully funded doctoral track where ISB waives tuition and pays a stipend, making it effectively cost-negative for a research-oriented candidate. ISB also runs a 15-month PGP PRO Executive MBA at ₹31,51,000 plus GST (about ₹37,38,180 including GST) for working professionals, for applicants comparing executive options.

Year-Wise Fee Changes

This section answers whether Indian School of Business has raised its fees and by how much across recent cycles. ISB revises its programme fee upward almost every admission cycle, in line with operating costs and accommodation pricing, and it does not publish a single public historical fee table, so the figures below are drawn from the official 2026-27 fee page and reputable education portals for the prior cycle. The table compares the flagship PGP (MBA) total programme fee across the 2025-26 and 2026-27 batches for shared accommodation.

The trend is unambiguous: ISB's PGP fee has moved up each cycle, with the 2026-27 all-inclusive figure of ₹38,67,160 sitting at the top of the published range. For an applicant, the practical lesson is to budget for annual increases of a few lakh and to confirm the live figure on ISB's official fee page before paying, since the comprehensive fee shifts with accommodation choice and the prevailing 18% GST. The PGP MAX Executive MBA fee of ₹41,78,000 plus GST for 2026-27 follows the same upward pattern, so early applicants generally lock in lower instalment terms than late-cycle entrants.

Scholarships & Fee Waivers at Indian School of Business

Indian School of Business runs an extensive scholarship system that can cut the effective PGP fee sharply, with merit and need-cum-merit awards covering 25% to 100% of tuition; roughly a quarter of each PGP cohort receives some form of financial support, and full tuition aid is available to candidates with genuine financial need. The flagship ISB-supported awards include the ISB Merit Waiver (25% to 100% of tuition, granted automatically based on application and interview, with no separate form) and the Prof. Manasa Mandava Memorial Scholarship (50% of tuition, awarded to a woman applicant high on merit). Under the need-cum-merit route, ISB provides up to a 100% tuition waiver for applicants with family income up to ₹8 lakh and up to 75% for family income above ₹8 lakh and up to ₹20 lakh.

Beyond these, ISB offers diversity and women-focused awards such as the Indira-Vasudha Scholarship and the Deepak Parayanken Scholarship (with at least one award reserved for a female student), plus an Armed Forces Scholarship giving a 50% tuition waiver to eligible veterans. Donor-funded scholarships such as the Bajaj Auto and Taparia Family awards can cover 100% of tuition, and international awards like La Caixa, Casa Asia and the Talentia Scholarship support specific overseas applicants. For the PGP MAX Executive MBA, ISB offers a Serving IAS Officers Scholarship (full admission and tuition plus a ₹5,00,000 travel grant for up to two officers with 10+ years of service) and a 50% Armed Forces waiver. Because these waivers apply to the tuition component, they are the single most effective way to bring ISB's ₹38,67,160 PGP fee down to an affordable level.