MBA Fees in India varies significantly from just a few lakhs at FMS Delhi and JBIMS to more than 30 lakhs at IIM Calcutta and XLRI Jamshedpur! Key reason for such large variance in MBA Fees is the average salaries that students command, and the ownership structure of the institution. Baring exceptions of Government colleges like FMS, JBSIM and a few IITs, the fees are directly linked to salaries – higher the average salaries, the higher the fees changed. Another important facet of MBA Fees in India that the annual increase of 5-10% in fees for last few years.