FORE School of Management, located in New Delhi, is known for its high-quality management education. As one of the top B-Schools in India, it offers several postgraduate programs, with the Post Graduate Diploma in Management (PGDM) being the flagship course. Understanding the FORE School of Management fee structure is an essential step for prospective students who are considering enrolling in one of their programs. This article provides a detailed overview of the FORE School of Management MBA Fees and other associated costs.
Overview of Programs at FORE School of Management
Before diving into the fee structure, it’s important to know the various programs offered at FORE:
- PGDM (Post Graduate Diploma in Management)
- PGDM-IB (Post Graduate Diploma in Management – International Business)
- PGDM-FM (Post Graduate Diploma in Management – Financial Management)
- PGDM-BDA (Post Graduate Diploma in Management – Big Data Analytics)
All these programs are AICTE-approved and offer students a solid foundation in business and management. Read a complete overview of programs at FORE Delhi and to know more about the college, read FORE Delhi college review.
FORE School of Management MBA Fees Structure (2024-2026)
The fee structure at FORE School of Management is designed to be competitive with other leading business schools in India. The FORE School of Management fee structure for the 2024-2026 batch includes tuition fees, infrastructure fees, and other academic-related charges.
Here is a breakdown of the FORE School of Management MBA Fees for the two-year PGDM programs:
- PGDM / PGDM-IB / PGDM-FM / PGDM-BDA Programs:
- Tuition Fee: INR 15,98,000
- Examination Fee, Library, IT, and Miscellaneous Fee: INR 98,000
- Total Fees: INR 16,96,000
This total fee covers the entire two-year period, including course materials, access to the library, use of IT infrastructure, and other academic services.
1. Breakdown of the Fee Structure
To provide clarity, here’s a closer look at the FORE School of Management MBA Fees and what it includes:
- Tuition Fees: This is the primary fee, which covers the cost of education and instruction throughout the two years.
- Examination and Library Fees: These are used to maintain the academic and administrative services, including access to the library and examination services.
- IT and Miscellaneous Fees: Covers the cost of IT facilities, software licenses, and other technology-driven services that students use during their studies.
2. Hostel and Accommodation Fees
For students who require accommodation, FORE offers hostel facilities on a first-come, first-serve basis. The hostel fees are separate from the tuition fees.
- Hostel Fees (per year): INR 1,68,000 (including mess charges)
The hostel fee is for a twin-sharing basis, and the amount includes food and basic amenities.
Additional Costs and Charges
Apart from the basic FORE School of Management MBA Fees, there are a few additional costs that students should be aware of:
- Caution Deposit: A refundable deposit of INR 10,000 is required at the time of admission. This deposit is refundable after completion of the course, provided no damage is caused to the college property.
- Alumni Fee: A one-time fee of INR 6,000 is charged for alumni network access.
- Medical Insurance: An annual insurance fee is included, ensuring that students have medical coverage throughout their tenure.
Scholarships and Financial Aid
FORE School of Management offers several scholarships and financial aid options to make education accessible to meritorious and deserving students. These scholarships can provide partial or full tuition fee waivers. Here are the main types of scholarships available:
Merit-Based Scholarships
Merit scholarships are awarded to students based on their academic performance in the entrance exam and the first-year curriculum. Students who score exceptionally well in CAT, XAT, or GMAT are eligible for merit-based scholarships.
Need-Based Scholarships
FORE also offers financial assistance to students who demonstrate economic hardship. These need-based scholarships aim to ensure that financial constraints do not hinder talented students from pursuing their education.
Loan Facilities
FORE has partnerships with leading banks in India to provide education loans to students. These loans are designed to cover tuition fees, hostel fees, and other academic expenses. The interest rates on these loans are competitive, and repayment terms are flexible. Some banks also offer special schemes for FORE students, making it easier for students to fund their education.
Refund Policy
In case a student chooses to withdraw from the program before the commencement of the academic session, the refund policy will apply as per AICTE guidelines. Typically, the refund includes a portion of the fees, depending on the time of withdrawal.
Comparison with Other Top B-Schools
When comparing the FORE School of Management MBA Fees with other top management institutions in India, it falls in a similar price range as other Tier-1 B-Schools. For instance:
- IIMs: The fees for IIMs range from INR 16 lakhs to INR 24 lakhs.
- MDI Gurgaon: Fees for the PGDM program are approximately INR 23 lakhs.
- SPJIMR: Fees are around INR 20 lakhs.
Despite the competitive fee structure, FORE School of Management provides high returns on investment, with an impressive placement record.
Placement and Return on Investment (ROI)
One of the key reasons for the popularity of FORE School of Management is its strong placement record. The average placement salary for the 2022 batch was around INR 14.04 lakhs per annum, with top recruiters such as Deloitte, KPMG, EY, Infosys, and HDFC Bank offering lucrative packages.
Given the FORE School of Management fee structure and the average salary offered during placements, students can expect a high return on their investment. This makes the FORE School of Management MBA Fees justified, given the career prospects and exposure students receive.
Conclusion
The FORE School of Management fee structure is competitive and in line with other top management institutes in India. While the overall FORE School of Management MBA Fees may seem steep, the quality of education, strong faculty, and excellent placement opportunities justify the cost. Additionally, with scholarships, loan options, and a solid return on investment through placements, pursuing an MBA at FORE is a worthwhile investment for a successful management career.
For more information on the FORE School of Management MBA Fees and other related details, prospective students are encouraged to visit the official website or contact the admissions office for updated information. Those who are interested in admission under FORE management quota seats, can contact at (+91) 8595831883 to talk to our MBA counsellor.