ITM Business School Kharghar (ITM) Courses & Fee Structure

What the current MBA fee information tells applicants

For MBA iConnect 2027-29, ITM Business School says it shares the year-wise fee structure, instalment schedule and seat reservation fee directly with applicants. The accessible current programme page does not publish a total amount. It also says hostel and mess are charged separately. That means a reliable 2027-29 total cannot be calculated from the public page alone. Request the current written schedule from admissions before comparing the offer with another MBA, and check whether the schedule covers tuition, mandatory charges, deposits and accommodation or only the academic fee.

The same page is still useful for planning the payment process. It lists a ₹1,500 online application fee and says selected applicants confirm their seat with a ₹25,000 seat-retention payment that forms part of the first-year fee. It does not, in the captured text, state the full refund conditions for that payment. Read the offer letter and refund policy before paying; do not treat the seat-retention amount as an additional fee on top of first-year tuition unless the school’s written schedule says so.

The published historical figure is for 2026-28

ITM’s official MBA fee PDF for the 2026-28 batch lists ₹13,45,000 as the total programme fee. This is a whole-programme figure for that earlier batch. It is not a confirmed price for MBA iConnect 2027-29, and the current page’s applicant-specific schedule does not let us update it by assumption. The historical amount can serve as context when asking the school how fees have changed, but it should not be used in a current budget or loan application as the new batch’s price.

The PDF excerpt captured for this research supports the historical total, not a verified current component-by-component estimate. Before relying on any breakdown circulated elsewhere, check that it comes from the same official schedule and explicitly names the 2026-28 batch. A number labelled “annual fee” is not directly comparable with a total programme fee unless the number of years and included charges are clear.

Ask for a comparable, itemised quote

Request one written quotation for the exact MBA iConnect 2027-29 intake. Ask the admissions team to identify tuition by year and instalment, the seat-retention payment’s adjustment and refund treatment, any compulsory one-time or refundable deposits, and the payment dates. Ask separately about hostel, mess and any other residence charges because the current page says hostel and mess are outside the stated fee structure. If an amount is optional, ask whether declining it changes access to a required programme activity.

For comparison, use the same basis for every offer: total compulsory cost over the full two-year programme, the amount due before each term, what is refundable, and whether accommodation and meals are included. Keep optional living expenses separate from mandatory academic charges. This avoids comparing ITM’s historical whole-programme total with a competitor’s first-year tuition or with a figure that excludes the residence costs you expect to pay.

Scholarship and fee planning

The MBA page lists the ITM Scholarship Entrance Test on 19 December 2026 and says merit-based awards may cover up to 100% of tuition. “Up to” describes the maximum, not a guaranteed award or a likely amount. Confirm the current test registration, eligibility, assessment rules and award conditions directly with the school. Ask whether the award applies to tuition only, how it is divided across years, and whether it can be combined with any other concession. The public statement does not establish that hostel, mess, deposits or other charges are waived.

Build the first budget using the written fee schedule without assuming a scholarship. If an award is later offered, compare its exact value and renewal conditions against that baseline. A tuition waiver may leave living costs and other charges unchanged, while a partial award may apply only after a student meets specified academic or payment conditions. Request those conditions in writing rather than estimating a net price from the “up to 100%” headline.

Application payments and refund checks

The current MBA page names the ₹1,500 application fee and ₹25,000 seat-retention payment. Treat these as two separate steps: the former is paid with the online application, while the latter is described as a selected student’s seat confirmation and is included in the first-year fee. The page does not provide a complete refund schedule in the captured content. Before paying the retention amount, check the offer letter for the last date to withdraw, any deductions, the refund timeline and the method for requesting a refund.

Save the payment receipt and the dated offer terms. If the school updates a fee schedule after an offer is issued, ask which version governs your admission and whether a payment already made is adjusted against the revised amount. This is especially important when the published public page points applicants to a direct schedule rather than displaying the full amount online.

BBA is a separate programme and price question

ITM’s Business School admissions page says MBA and BBA admissions use separate processes, and the school lists a distinct BBA iConnect programme. The sources captured for this page do not establish a current 2027-30 BBA fee schedule. Do not apply the MBA historical total, MBA seat payment or MBA scholarship terms to BBA. BBA applicants should request the exact current programme duration, year-wise cost, residential charges and payment/refund terms for their own intake.

Questions to settle before accepting an offer

Ask the school for the latest dated 2027-29 MBA iConnect schedule and have it confirm the complete amount payable over two years. Check whether the ₹25,000 seat-retention amount is credited to the first-year instalment, what happens if you withdraw, and when each later instalment falls due. Confirm which accommodation and meal costs are separate, what deposits are refundable, and whether any mandatory charges sit outside tuition. If you plan to take the Scholarship Entrance Test, request the award rules and written confirmation of what a tuition waiver covers.

The current public information supports the payment steps and identifies a scholarship opportunity, but it does not supply the total current batch price. Until the school provides the dated schedule, the most accurate comparison is a request for an itemised quote, not a projected 2027-29 total. Keep the official MBA iConnect page and the official admissions page as the starting points, then retain the schedule attached to your own application or offer.