Last updated: 14 October 2026 | Fee data checked against SPJIMR’s official fee page
You cleared the cutoff. Now the fee number lands: ₹24.86 lakh. Does that cover everything, or does the real bill run higher?
Here is the short answer. SPJIMR MBA fees 2027–29 are ₹24,86,000 for Indian participants. That covers tuition and a basic hostel room for two years. Mess, travel and personal costs come on top. This guide breaks down the total fees, hostel charges, scholarships and loan options in plain numbers.
One quick note: SPJIMR’s flagship course is a PGDM, not a degree titled MBA. AICTE approves it, and recruiters treat it like an MBA. So “SPJIMR MBA fees” and “SPJIMR PGDM fees” mean the same thing in this article.
SPJIMR MBA Fees 2027–29 at a Glance
| Detail | Information |
|---|---|
| Programmes | PGDM and PGDM (Business Management) |
| Batch | 2027–29 (starts June 2027) |
| Total fee, Indian participants | ₹24,86,000 |
| Total fee, international participants | ₹34,77,500 |
| What the fee covers | Tuition + basic hostel room |
| Simple average per year | About ₹12.43 lakh |
| Application fee | ₹2,500 |
| Application window | 15 September – 27 November 2026 |
SPJIMR calls this fee “indicative.” The institute can revise it before your batch starts.
SPJIMR PGDM Fee Structure: What the ₹24.86 Lakh Covers
| Cost item | Covered in ₹24.86L? |
|---|---|
| Tuition for two years | Yes |
| Basic hostel room | Yes |
| Mess (food) | No |
| Travel and personal expenses | No |
| Global Fast Track and international exchange | No (optional, extra cost) |
| Application fee | No (paid separately) |
Do PGDM and PGDM (BM) cost the same? Yes. Both charge ₹24,86,000 for Indian participants. The courses differ in content, not price:
- PGDM: Four specialisations: Marketing, Finance, Information Management & Analytics, and Operations & Supply Chain.
- PGDM (BM): A general management focus.
Planning to apply to SPJIMR for the 2027–29 batch? Check our complete guide to the SPJIMR application form, including eligibility criteria, application process and important dates: SPJIMR Application Form 2027–29: Dates, Eligibility, Fees & How to Apply
SPJIMR Hostel Charges
SPJIMR runs a residential programme. You live on campus, and the fee already includes a basic hostel room. The official fee page lists no separate hostel amount.
Food works differently:
- Mess charges stay outside the programme fee.
- SPJIMR’s fee page shows no fixed mess amount.
- One education portal estimates about ₹1.2 lakh per year. Treat that as a rough guide and confirm the current figure with SPJIMR after selection.
Your Real Total Cost
| Scenario | Estimated cost |
|---|---|
| Programme fee only | ₹24.86 lakh |
| Fee + mess (estimate) | About ₹27.3 lakh |
| Add travel, personal spending, optional exchange | Varies by your choices |
Plan for the second row. It gives you a safer budget.
SPJIMR Scholarships and Financial Aid
SPJIMR offers two kinds of support:
| Scheme | Who can get it | What you receive |
|---|---|---|
| Merit-cum-means aid | First- and second-year participants, judged on financial need, academics, extracurriculars and conduct | Partial or full reimbursement of the tuition component |
| Mirae Asset Foundation (MAF) Scholarship | Meritorious participants with family income below ₹8 lakh | ₹5 lakh per recipient, limited awards each year |
A few things to know before you count on aid:
- SPJIMR shares the detailed guidelines after the programme begins. You can’t bank on aid at admission time.
- A panel checks your financial details before it grants aid.
- Aid reimburses tuition. It does not pay you cash.
- A high CAT score does not earn you a fee waiver. SPJIMR admits on merit and offers no quota or management seats.
Education Loan Options for SPJIMR
Most participants fund this fee with a loan. You have two routes:
- PM-Vidyalaxmi. This central scheme offers collateral-free, guarantor-free education loans to students admitted to eligible institutions. Apply through the unified PM-Vidyalaxmi portal. Check there whether SPJIMR appears on the eligible list for your admission year.
- Regular bank loans. Compare interest rates, moratorium periods and collateral rules across banks before you decide.
Keep your SPJIMR fee letter ready. Banks ask for it first.
Is the ₹24.86 Lakh Fee Worth It?
Look at what recent batches earned:
| Metric (latest reported) | Figure |
|---|---|
| Average PGDM CTC | About ₹33.6 lakh |
| Median PGDM CTC | About ₹32.85 lakh |
| Highest PGDM CTC | ₹75 lakh |
| Placement record | 100% (institute-reported) |
By these numbers, the full fee equals about nine months of average CTC before tax. Placement figures change every year, so treat them as a guide, not a promise.
Rankings add context:
- NIRF 2025 (Management): SPJIMR ranks 20th on the official NIRF portal.
- FT Masters in Management 2026: SPJIMR ranks 26th globally and 2nd in India.
- Accreditation: SPJIMR holds the EQUIS, AACSB and AMBA “triple crown,” and AICTE approves its PGDM. You can verify approvals on the AICTE website.
How to Apply for the 2027–29 Batch
- Eligibility: Graduation with at least 50% marks, plus a valid CAT or GMAT score.
- Deadline: The application closes on 27 November 2026.
- Application fee: ₹2,500 for PGDM or PGDM (BM). Check the portal for the combined-application fee.
- Selection: SPJIMR evaluates candidates based on their entrance exam scores, profile and interview performance to determine final selection.
FAQs on SPJIMR MBA Fees 2027–29
1. What are the SPJIMR MBA fees for 2027–29?
The fee is ₹24,86,000 for Indian participants. It covers two years of tuition and a basic hostel room. SPJIMR calls the figure indicative and can revise it.
2. Does the SPJIMR fee include hostel charges?
Yes. The fee includes a basic hostel room, and the programme is residential. Mess, travel and personal costs cost extra.
3. How much is the SPJIMR fee per year?
SPJIMR lists one total for the full two-year course. Split evenly, that comes to about ₹12.43 lakh per year.
4. Do PGDM and PGDM (BM) cost the same?
Yes. Both charge ₹24,86,000 for Indian participants.
5. Does SPJIMR charge mess fees separately?
Yes. The programme fee excludes mess charges. One portal estimates about ₹1.2 lakh per year, so confirm the current amount with SPJIMR.
6. Does SPJIMR offer scholarships?
Yes. It offers merit-cum-means financial assistance, which reimburses part or all of the tuition. It also offers the MAF Scholarship of ₹5 lakh for meritorious participants from families earning below ₹8 lakh a year.
7. Can I get an education loan for SPJIMR?
Yes. Banks lend for PGDM at top schools. You can also apply through the PM-Vidyalaxmi portal, where you should check SPJIMR’s eligibility for your year.
8. Is SPJIMR PGDM the same as an MBA?
In practice, yes. It is a two-year, AICTE-approved management programme, and recruiters treat it like an MBA. Autonomous institutes award a PGDM diploma instead of a university MBA degree.
9. When does the SPJIMR 2027–29 application close?
It closes on 27 November 2026. The window opened on 15 September 2026.
10. Is SPJIMR worth ₹24.86 lakh?
The latest reported average CTC is about ₹33.6 lakh, and the institute reports 100% placement. Your outcome depends on your specialisation, profile and performance.
Conclusion
SPJIMR MBA fees 2027–29 come to ₹24.86 lakh, with tuition and a basic hostel room included. Budget about ₹27 lakh once you add mess. Scholarships and loans can ease the load, but plan your finances before you count on aid. Check SPJIMR’s official fee page before you pay anything, because the fee can change.
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