Fees
The fee structure for the Bachelor of Business Administration program at New Era College of Management is designed to be transparent and affordable while reflecting the high-quality education provided.
| Semester | Tuition Fee (INR) | Hostel Fee (INR) | Mess Fee (INR) | Medical Fee (INR) | Total Fee (INR) |
|---|---|---|---|---|---|
| Semester 1 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
| Semester 2 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
| Semester 3 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
| Semester 4 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
| Semester 5 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
| Semester 6 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
| Semester 7 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
| Semester 8 | 80,000 | 35,000 | 12,000 | 2,000 | 129,000 |
The hostel accommodation at NECM is equipped with modern amenities including air-conditioned rooms, study halls, Wi-Fi connectivity, and 24-hour security. Students can choose between single and double occupancy options depending on availability and preference.
Meal plans provided by the college include nutritious breakfast, lunch, and dinner served in a hygienic environment. The mess facilities are managed by professional caterers who ensure dietary diversity and adherence to health standards.
The Return on Investment (ROI) analysis for this program indicates that students typically earn an average package of Rs 7.8 LPA after graduation, which is significantly higher than the total cost of education over eight semesters (Rs 1,032,000). This translates to a positive ROI of approximately 4.5 years, making it one of the most financially rewarding programs offered by the college.
Fee Breakdown
The tuition fee for the BBA program is divided into eight semesters with each semester costing Rs 80,000. This includes all course materials, access to digital resources, and faculty interaction sessions. The fees are adjusted annually based on inflation rates and infrastructure development costs.
Hostel fees amount to Rs 35,000 per semester, covering accommodation in air-conditioned rooms with shared bathrooms and common areas. Additional services like laundry, housekeeping, and maintenance are included in the hostel charges. The college ensures that all hostel facilities meet health and safety standards set by local authorities.
Mess fees are Rs 12,000 per semester, covering three meals daily in a hygienic dining environment. The mess serves both vegetarian and non-vegetarian options with special attention to nutritional balance and food quality. Dietary restrictions can be accommodated upon prior notice.
Medical fees are fixed at Rs 2,000 per semester, providing access to basic healthcare services including consultations, medications, and emergency care. The college maintains a well-stocked medical facility staffed by qualified doctors and nurses.
Financial Aid & Scholarships
New Era College of Management offers various financial assistance options to support students from economically disadvantaged backgrounds:
- Merit Cum Means (MCM) Scholarship: Awarded to top-performing students based on academic excellence and family income criteria. This scholarship covers up to 70% of tuition fees annually.
- Alumni-based Scholarships: Sponsored by past graduates, these awards recognize exceptional achievements in academics, extracurricular activities, or community service.
- Government Schemes: Students can apply for government-funded scholarships under schemes like PMKVY, NSP, and others that support skill development and education.
- Campus Scholarships: Internal scholarships are awarded to students who demonstrate outstanding performance in their field of study or contribute significantly to college life.
Applications for financial aid must be submitted by specified deadlines with supporting documents including income certificates, academic transcripts, and recommendation letters. The selection process is conducted by a committee comprising faculty members, administrative staff, and alumni representatives.
Payment Options
The college provides flexible payment options to accommodate diverse financial situations:
- Annual Payment Plan: Students can pay the entire annual fee in one lump sum with a discount of 5%.
- Semester-wise Payment Plan: Fees are divided into two equal installments per semester, with no additional charges.
- Installment-based Payment: For students requiring extended payment periods, the college offers a customized installment plan with minimal interest rates.
Payment methods accepted include online banking, credit/debit cards, net banking, and demand drafts. The college maintains secure systems to protect financial transactions and ensures prompt processing of payments.
ROI Analysis
The Return on Investment (ROI) for the BBA program at New Era College of Management is calculated based on the total cost of education and average starting salary:
- Total Cost of Education: Rs 1,032,000 over 8 semesters
- Average Starting Salary: Rs 7.8 LPA
- ROI Calculation: Based on 4.5 years to recover the investment through salary income
This ROI is considered excellent compared to other institutions offering similar programs, especially when factoring in the college's placement record and industry reputation.
Additional Costs
Beyond tuition and hostel fees, students may incur additional costs for:
- Books and Study Materials: Rs 10,000 annually
- Stationery and Miscellaneous Supplies: Rs 5,000 annually
- Transportation: Varies by location of residence
- Entertainment and Personal Expenses: Rs 15,000 annually
The college provides a student handbook detailing all costs associated with attending the institution. Financial advisors are available to help students plan their budgets and identify funding sources.