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Explore Management collegesThe latest programme-fee page reviewed lists ₹9,09,000 for the two-year PGPM at IBS Mumbai for the 2026-28 batch. It also requires a refundable ₹10,000 caution deposit with the first fee instalment, while living expenses are extra. The site does not identify that schedule as the confirmed price for the 2027-29 intake. Treat it as a dated planning reference and request the fee notice attached to your own offer before budgeting or paying.
IBS Mumbai is listed as a campus for the Postgraduate Program in Management (PGPM). The official fee table labels its 2026-28 line “PGPM Program” and gives ₹9,09,000 for two years. It is not the MBA price for the Hyderabad, Bengaluru, Jaipur or Dehradun campuses. Campus names across the same table do not imply a shared fee: programme and campus are part of the fee row.
The FAQ page has a broader campus table that repeats ₹9,09,000 for Mumbai, but the dedicated Program Fee page is clearer: it names the 2026-28 batch in the same row as IBS Mumbai and PGPM. That is the strongest fee reference in the material reviewed. The amount should therefore be read as a two-year total for the stated batch, not as a per-year amount or a current 2027-29 invoice. The separate Admissions page displays ₹4.545 lakh per year for the Mumbai PGPM group, which is consistent with the two-year total; its page does not confirm that a new 2027-29 fee order has been issued.
For 2026-28, the page places ₹9.09 lakh in the column “Fee for 2 Years.” It does not give a line-by-line breakdown in the table, so the available source does not establish how much is tuition, admission charges, academic materials, or any other component. It also does not show how the two-year total is divided among instalments. Do not calculate an instalment amount by simply splitting the total in half: the payment schedule may be uneven, and the institute has not published that schedule on the page reviewed.
The fee note adds a ₹10,000 refundable caution deposit payable with the first instalment. On the 2026-28 figures, the total cash commitment across the programme if the full schedule and deposit are paid is ₹9.19 lakh, before living expenses. The deposit is described as refundable, so it should not be reported as tuition or as a permanent programme charge. The source does not state the conditions or timing for its refund; ask for those terms in writing.
Living expenses are explicitly extra. IBS’s FAQ says living expenses in “these cities” typically range from ₹10,000 to ₹15,000 per month. It does not itemize rent, meals, transport, books or personal spending, and it does not give a separate Mumbai estimate. Treat this as broad official guidance, not a guaranteed Mumbai budget. The FAQ says hostel accommodation is not available at Mumbai, although campus administration can assist students in finding suitable off-campus accommodation nearby. Confirm current rent, any landlord deposit and what your chosen accommodation includes before you build a two-year budget.
Use the published 2026-28 schedule only as a baseline for comparison with a new written offer. Your working budget needs separate lines for: the programme amount confirmed for your batch; the caution deposit and its refund conditions; instalment due dates; accommodation and any landlord deposit; food and local travel; and other charges the institute identifies in the current student or offer instructions. Keep the programme fee separate from the cost of living so you can update each part independently.
For example, the official 2026-28 total gives a known historical PGPM charge of ₹9.09 lakh and a separate refundable deposit of ₹10,000. It does not give the 2027-29 course amount, the first amount due, or the student’s total two-year living cost. Those three values should remain unknown until the institute publishes or provides them for your intake. If you receive a different amount in an offer letter or payment portal, use that batch-specific document and ask the Admissions Office to reconcile it against the web page before transferring money.
The published page also says education loans are available through IBS loan partners. This is a financing option, not a reduction in the fee and not a guarantee of loan approval. Check the lender’s interest rate, processing charges, repayment start date, collateral or co-applicant requirements and disbursement timetable directly with the lender. Confirm that the disbursement schedule matches the institute’s instalment dates before relying on a loan to meet a due date.
Ask the Admissions Office for the complete 2027-29 IBS Mumbai PGPM schedule and verify that it names the correct campus, programme and batch. Request the total payable amount, each instalment and due date, whether any amount is conditional or optional, and the official account or portal for payment. Ask whether the ₹10,000 deposit continues for your intake, what deductions may apply, what event triggers refund, and how long the refund normally takes. The reviewed 2026-28 note confirms the deposit is refundable but does not answer those operational details.
Also confirm which expenses are outside the academic fee, whether any campus-specific services are charged separately, and whether housing assistance is advisory or includes a specific accommodation arrangement. The official page says living expenses are extra and the FAQ says Mumbai has no hostel; neither page promises a room or fixes off-campus rent. Keep written answers with your offer and payment receipts.
Check the dedicated IBS Program Fee page and the IBS Mumbai campus page, then ask Admissions for the 2027-29 offer schedule. The admissions FAQ lists the central office email as [email protected] and the helpline as 040-23440963 / 62 / 61 / 60. Do not pay against an old-cycle table if the offer or payment portal assigns a different batch amount; get the difference confirmed in writing.