Fee Structure
The total fee for the MBA program at ITM SLS Baroda University is approximately INR 18 lakhs for the entire two-year duration. This includes tuition fees, hostel charges, mess advance, and other miscellaneous expenses.
| Semester | Tuition Fee (INR) | Hostel Rent (INR) | Mess Advance (INR) | Student Benevolent Fund (INR) | Medical Fees (INR) | Gymkhana Fees (INR) | Examination Fees (INR) | Total (INR) |
|---|---|---|---|---|---|---|---|---|
| Semester I | 600,000 | 80,000 | 15,000 | 1,000 | 2,000 | 3,000 | 10,000 | 709,000 |
| Semester II | 600,000 | 80,000 | 15,000 | 1,000 | 2,000 | 3,000 | 10,000 | 709,000 |
| Semester III | 600,000 | 80,000 | 15,000 | 1,000 | 2,000 | 3,000 | 10,000 | 709,000 |
| Semester IV | 600,000 | 80,000 | 15,000 | 1,000 | 2,000 | 3,000 | 10,000 | 709,000 |
Fee Components Explained
- Tuition Fee: Covers instruction, library access, laboratory sessions, and administrative costs associated with the academic program.
- Hostel Rent: Includes accommodation in air-conditioned rooms with shared facilities including Wi-Fi, laundry services, and 24/7 security.
- Mess Advance: Covers meal expenses for the entire semester, subject to monthly billing adjustments based on consumption.
- Student Benevolent Fund: A small contribution towards supporting underprivileged students within the university community.
- Medical Fees: Covers access to campus medical services and emergency healthcare facilities.
- Gymkhana Fees: Supports physical fitness programs, sports activities, and recreational facilities available on campus.
- Examination Fees: Covers costs related to conducting internal assessments, final examinations, and grade evaluation processes.
Hostel & Mess Charges
The university offers both single and double occupancy rooms in well-maintained hostels. Rooms are equipped with essential furniture, internet connectivity, and security systems. The mess operates on a monthly billing system where students pay an advance amount for the semester and receive a detailed bill at the end of each month.
Rebate policies allow students to receive partial refunds if they stay outside campus for more than 15 days in a month. Additionally, special arrangements are made for students with disabilities to ensure accessibility and comfort within hostel premises.
Fee Waivers, Concessions, and Scholarships
The university provides various forms of financial assistance including fee waivers, concessions, and scholarships based on merit and need:
- Merit-Based Scholarships: Awarded to students scoring above 90% in qualifying exams. Eligibility includes SC/ST/PwD categories with income slabs below INR 5 lakhs per annum.
- EWS Concessions: Available for economically weaker sections with family income less than INR 3 lakhs annually.
- MCM (Meritorious Children of Migrant Workers): Specific benefits for children of migrant laborers who have passed their qualifying exams with distinction.
To apply for these benefits, students must submit relevant documents including income certificates, caste certificates, and proof of residence. Applications are reviewed by a committee comprising faculty members and administrative staff to ensure fair allocation.
Payment Procedures & Refund Policy
Students are required to make payments within the first week of each semester. Late payments attract a penalty of 5% per month on outstanding dues. Refunds are processed only upon formal request and approval by the finance department.
Withdrawal from the program requires submission of a written application along with supporting documents such as medical certificates or legal notices. Refund calculations are based on the number of months completed and any applicable deductions for hostel, mess, and examination fees.