The MBA is known for being an expensive graduate degree—at the top business schools in the world, total fees can reach US$260,709.
While fees at the top programs in India don’t quite reach the same expense as US-based MBAs, tuition fees at the prestigious Indian Institutes of Management (IIMs) still range from INR 20 lakh (approx. $23,000) to INR 25 lakh (approx. $29,000).
However, one top business school offers lower tuition fees while still catapulting graduates to top salaries: Delhi University’s Faculty of Management Studies (FMS Delhi).
FMS Delhi stands at number two in the IIRF MBA ranking 2024, beating other prestigious Indian business schools including the Indian Institute of Management (IIM) Calcutta. And as part of the University of Delhi, students benefit from being part of a globally-recognized university.
But what is the ROI of the MBA at FMS Delhi? And why should you apply to this top-ranked program?
What is the ROI of an MBA at FMS Delhi?
Compared to other Indian business schools, tuition fees at FMS Delhi are significantly more affordable; the two-year MBA program costs just INR 2 lakh (approx. $2,000) in total, payable as INR 50,000 (US$450) per semester, a fraction of the cost of the MBAs at IIMs.
Given FMS Delhi’s lower fees, graduates can expect to repay the total cost of their MBA in significantly less time, giving it arguably the best ROI among MBA colleges in India.
For example, in 2023, graduates of the MBA at FMS Delhi achieved an average annual gross salary (including bonuses and benefits) of INR 34.1 lakh (approx. $40,000), a record for the business school. The top 10% of graduates saw annual gross salaries reach upwards of INR 68...
There are very few business schools that can say graduates can recoup their MBA investment within less than a year of full-time work.
READ: How Are IIM Placements & Average Packages For MBA Graduates?
FMS Delhi career prospects
This year, FMS Delhi achieved a 100% placement rate for its largest-ever MBA class. In total, 269 MBA students participated in the placement process in 2023, receiving a sum of 283 offers from 110 organizations.
Impressively, 97% of the offers extended to students were above INR 20 lakh (approx. $23,000), indicating the high quality of jobs which were offered across popular MBA graduate sectors including finance, consulting, and IT.
Of the total job offers made, 19% were from the banking, financial services, and insurance (BFSI) sector, while 44% came from companies in consulting or general management.
Prominent recruiters from the consulting sector included Accenture Strategy, BCG, Deloitte, KPMG, and PwC.
Within the finance sector, FSB Delhi MBA graduates accepted offers from NatWest, Standard Chartered, and American Express.
The third most popular sector for job offers was sales and marketing, which accounted for 20% of job offers. Recruiters in this sector included multinational corporations like Amazon, Colgate Palmolive, Mars, and Nestle.
In the IT and analytics domain, students accepted offers from technology giants such as Atlassian, Microsoft, and Amazon.
READ: The Top 10 Private MBA Colleges In India
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What’s unique about FMS Delhi?
FMS Delhi is one of the oldest business schools in India, established in 1954. Its flagship MBA program was launched in 1967, making it one of the oldest in India.
The institute was originally part of the Delhi School of Economics but has grown to be a fully-fledged management institute within the University of Delhi, meaning students can benefit from links to other departments and the career services offered by the Central Placement Cell.
As part of the university system, FMS Delhi has contributed research and talent to industry, business, government, and the social sector, on a par with other leading business schools.
FMS Delhi MBA application process
Candidates applying for admission to the FMS Delhi MBA program must have at least a bachelor’s degree or be sitting the final exams of their bachelor’s degree.
Domestic candidates need a valid CAT score to apply, while international applicants can apply with a GMAT score of at least 650 (estimated to be around 605-615 in the GMAT exam taken after 1st February 2024—check GMAT concordance tables for a more accurate understanding of GMAT scores in 2024).
FMS Delhi application requirements
Students who have been invited to the FMS Delhi MBA interview will be shortlisted for acceptance according to the following factors.
⇨ Weighted CAT Score - 50%
⇨ Marks obtained in Class X - 10% (60-75%: 5%; 75% or above: 10%)
⇨ Marks obtained in Class XII - 10% (60-75%: 5%; 75% or above 10%)
⇨ Discussion on statement of purpose - 10%
⇨ Extempore – 5%
⇨ MBA interview - 15%
At this stage, you should know why you want to apply to FMS Delhi’s MBA program and what about the school that has attracted you.
How do I apply to the MBA program at FMS Delhi?
FMS Delhi typically releases its online application form in January each year, and the application cycle closes at the end of that month.
So, if you want to increase your chances of developing a strong application, start preparing your statement of purpose, recommendations, and CAT revision early.
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