Fee Structure and Financial Planning
The Faculty of Management Studies (FMS) offers a comprehensive and transparent fee structure designed to provide quality education while ensuring financial accessibility for students from diverse backgrounds. Understanding the cost breakdown is essential for effective financial planning and preparation.
Annual Fee Breakdown
The total annual fees at FMS are structured across multiple components, including tuition, hostel, mess, medical, and other miscellaneous charges. These fees are carefully determined to balance educational quality with affordability.
| Component | Amount (INR) |
|---|---|
| Tuition Fee (Per Semester) | 30,000 |
| Hostel Fee (Per Semester) | 25,000 |
| Mess Fee (Per Semester) | 15,000 |
| Medical Fee (Per Semester) | 2,000 |
| Library Fee (Per Semester) | 1,000 |
| Other Charges (Per Semester) | 5,000 |
| Total (Per Semester) | 78,000 |
| Total (Per Academic Year) | 1,56,000 |
Hostel & Mess Charges
FMS provides comfortable and secure accommodation options for students through its hostel facilities. The hostel charges are designed to offer value while maintaining high standards of living and safety.
Hostel Facilities
The hostel accommodation at FMS is equipped with modern amenities including single and double occupancy rooms, common areas, study spaces, internet connectivity, laundry services, and 24-hour security. The campus hosts several hostels that cater to different student preferences and needs.
Mess Charges
The mess facilities provide nutritious meals to students throughout the day. Meals are served in a hygienic environment with a variety of options including vegetarian and non-vegetarian dishes, ensuring dietary diversity and health considerations for all students.
Return on Investment (ROI) Analysis
The ROI analysis for FMS programs is calculated based on the total fee expenditure and the average placement package received by graduates. This metric provides insight into the financial value of the education received.
Fee Expenditure
For a two-year program, the total fee expenditure amounts to 1,56,000 INR per academic year. Considering an average of 2 years, the cumulative cost is approximately 3,12,000 INR.
Average Placement Package
Graduates from FMS typically receive an average starting salary ranging between 15 lakhs and 20 lakhs per annum. This significant income level reflects the high value placed on FMS graduates in the job market and contributes to a favorable ROI.
ROI Calculation
The ROI is calculated using the formula: ROI = (Average Placement Package - Total Fee) / Total Fee. For an average package of 15 lakhs, the ROI would be approximately 1.25. This indicates that for every rupee invested in education, students can expect a return of 1.25 rupees in their early careers.
Financial Aid and Scholarships
To support students from economically disadvantaged backgrounds, FMS offers various financial aid mechanisms including scholarships, fee waivers, and loan assistance programs. These initiatives aim to ensure that quality education is accessible to all eligible students regardless of their economic status.
Institutional Scholarships
FMS provides several institutional scholarships based on merit and need. These include the MCM Scholarship for outstanding academic performance, the Merit-based Scholarship for students with exceptional achievements, and the Need-based Scholarship for financially challenged students.
Alumni and Donor Scholarships
Several donor-funded scholarships are available through alumni networks and corporate partners. These include the Alumni Scholarship Program, which provides financial support to deserving students, and the Corporate Partnership Scholarships, funded by industry leaders who recognize the importance of supporting future talent.
Government and External Scholarships
Students can also apply for external scholarships provided by government bodies and private organizations. These include the National Scholarship Portal scholarships, the University Grants Commission (UGC) scholarships, and various corporate-sponsored scholarships that offer additional financial support to eligible candidates.
Payment Options and Assistance
FMS offers flexible payment options for fee collection, allowing students to make payments in installments or through online platforms. The school also provides assistance with understanding the payment process and managing financial obligations.
Installment Plans
Students can opt for installment plans that allow them to pay fees over multiple months instead of a lump sum. This arrangement helps ease the financial burden and allows better budgeting for educational expenses.
Online Payment Systems
The school has integrated online payment systems that facilitate easy and secure transactions. Students can access these platforms through the official website or mobile applications, ensuring transparency and convenience in fee payment processes.