The financial investment required for an MBA in Human Resource Management can vary significantly based on your chosen country and institution. In addition to tuition fees, it's important to account for other expenses like books, materials, and administrative fees. Here’s a breakdown of the typical cost ranges for an MBA in HRM across different countries.
India
Studying for an MBA in Human Resources in India offers a wide range of possibilities, with costs varying substantially based on institution reputation, location, and accreditation. Below is a table outlining the typical fees for some of India's most renowned colleges offering MBA in HR programs:
Below is a general overview of tuition costs for an MBA in HRM across various countries.
Expense Type
|
Average Cost (per year)
|
Tuition Fees
|
INR 10 - INR 30 lakh
|
Living Cost (Housing)
|
INR 1 - INR 3 lakh
|
Food
|
INR 50,000 - INR 1 lakh
|
Transportation
|
INR 20,000 - INR 50,000
|
Miscellaneous
|
INR 30,000 - INR 70,000
|
Abroad
Studying for an MBA in HR involves tuition fees, accommodation, food, transportation, and miscellaneous expenses. Costs vary widely depending on the country, city, and lifestyle. Many students explore scholarships, financial aid, and part-time work options to help manage expenses.
Expense Type
|
Average Cost (per year)
|
Tuition Fees
|
USD 30,000 - USD 70,000 (INR 25 - 60 lakh)
|
Living Cost (Housing)
|
USD 10,000 - USD 20,000 (INR 8.4 - 16.8 lakh)
|
Food
|
USD 3,000 - USD 5,000 (INR 2.5 - 4.2 lakh)
|
Transportation
|
USD 1,000 - USD 2,500 (INR 84,000 - 2.1 lakh)
|
Miscellaneous
|
USD 2,000 - USD 4,000 (INR 1.68 - 3.36 lakh)
|