Fee Structure Overview
The total cost of the MBA in International Business program at Great Lakes Institute of Management Chennai is structured to cover tuition, accommodation, meals, and other essential services. The fee structure is designed to be transparent and affordable for students from all backgrounds.
| Fee Head | Semester 1 | Semester 2 | Semester 3 | Semester 4 |
|---|---|---|---|---|
| Tuition Fee | INR 300000 | INR 300000 | INR 300000 | INR 300000 |
| Hostel Rent | INR 150000 | INR 150000 | INR 150000 | INR 150000 |
| Mess Advance | INR 60000 | INR 60000 | INR 60000 | INR 60000 |
| Student Benevolent Fund | INR 10000 | INR 10000 | INR 10000 | INR 10000 |
| Medical Fees | INR 5000 | INR 5000 | INR 5000 | INR 5000 |
| Gymkhana Fees | INR 3000 | INR 3000 | INR 3000 | INR 3000 |
| Examination Fees | INR 10000 | INR 10000 | INR 10000 | INR 10000 |
| Total Annual Fee | INR 538000 | INR 538000 | INR 538000 | INR 538000 |
Fee Components Explained
Tuition Fee: Covers instruction, academic resources, and access to digital libraries. This fee includes access to specialized courses and workshops conducted by industry experts.
Hostel Rent: Provides accommodation in well-furnished rooms with shared amenities. The hostel facilities include Wi-Fi, laundry services, and 24/7 security.
Mess Advance: Covers food expenses for the semester, including breakfast, lunch, and dinner. Meals are served in a hygienic environment with varied menu options catering to different dietary preferences.
Student Benevolent Fund: Supports students facing financial hardships through scholarships and grants.
Medical Fees: Provides access to on-campus medical services and emergency healthcare facilities.
Gymkhana Fees: Covers fitness center access, sports equipment, and recreational activities for physical wellness.
Examination Fees: Includes costs associated with assessments, examinations, and evaluation processes.
Hostel & Mess Charges
The hostel accommodation at Great Lakes Institute of Management Chennai is designed to provide a comfortable living environment for students. Hostel rooms are available in single, double, and triple occupancy configurations.
Room types include standard rooms with basic amenities such as beds, study tables, wardrobes, and fans. Additional amenities like Wi-Fi, air conditioning, and attached bathrooms are available at an extra cost. The mess system operates on a monthly billing cycle, with meals served three times daily in a clean and hygienic setting.
Mess charges are calculated based on the number of meals consumed per day and vary slightly depending on the room type. Rebate policies are in place for students who do not consume meals regularly or those who take leave during the semester.
Fee Waivers, Concessions, and Scholarships
Great Lakes Institute of Management Chennai offers various financial aid options to eligible students based on income slabs and category-specific criteria.
For SC/ST/PwD categories, students must submit relevant documentation proving their eligibility. EWS students benefit from reduced fees if their annual family income is below INR 8 lakhs. MCM (Minority Community Members) students receive concessions based on their community status and financial need.
Eligibility for fee waivers depends on factors such as academic performance, extracurricular achievements, and demonstrated financial need. Applications are submitted through the official portal with supporting documents reviewed by a committee of administrators.
Payment Procedures & Refund Policy
Students are required to make payments within specified deadlines to avoid late fees and penalties. Payments can be made online via net banking, credit/debit cards, or UPI systems. The system allows partial payments with automatic calculation of outstanding balances.
In case of withdrawal from the program, a refund policy applies based on the time of withdrawal. If a student withdraws before the first month of the semester, 100% of fees may be refunded. Withdrawals after one month are subject to a deduction of administrative charges and tuition fee adjustments.