If you’re considering an online MBA at NMIMS, understanding the fee structure is crucial for planning your financial commitment. The NMIMS Online MBA program offers flexibility, affordability, and a world-class curriculum for working professionals. In this article, we’ll break down the NMIMS Online MBA fees for 2025, payment options, and extra costs to help you make an informed decision.
Overview of the NMIMS Online MBA Program
The NMIMS Online MBA is a highly sought-after program offered by the NMIMS Centre for Distance and Online Education (CDOE). This program is tailored to meet the needs of working professionals and students who want to advance their careers while maintaining a work-life balance. The online MBA is recognized for its industry-relevant curriculum and flexibility, which allows students to pursue a postgraduate degree without compromising their careers.
NMIMS Online MBA Fees Breakdown for 2025
The NMIMS Online MBA fees offer flexibility, catering to students with varying financial preferences. Here’s a detailed breakdown of the fee structure for 2025:
Course Payment Options
| Payment Option | 1st Payment | 2nd Payment | 3rd Payment |
|---|---|---|---|
| Full Course Payment | ₹1,96,000 | – | – |
| Annual Payment Option | ₹1,05,000 | ₹1,05,000 | – |
| Semester Payment Option | ₹55,000 | ₹55,000 | ₹55,000 |
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Note: The full course payment of ₹196,000 can be paid in a lump sum. Alternatively, students can opt for the annual or semester payment options, which offer flexibility in managing fees over time.
What Are the Payment Options for the NMIMS Online MBA Fees?
NMIMS offers various payment options, allowing students to choose a plan that best fits their financial situation. Here’s how you can pay your NMIMS Online MBA fees:
1. Full Course Payment Option
You can pay the entire fee upfront at ₹196,000. This option is ideal if you prefer to make a single payment for the full course.
2. Annual Payment Option
Under this plan, you can pay ₹105,000 yearly for two years. This option divides the cost into two manageable payments, making planning and budgeting your finances easier.
3. Semester Payment Option
This is the most flexible payment option. You pay ₹55,000 per semester, allowing you to break the payment into smaller, more frequent installments. This is ideal if you want to pay as you progress through the course.
EMI Payment Plans
NMIMS has partnered with major banks to offer EMI options, allowing you to pay monthly installments. The EMI can start from as low as ₹8,750 per month, depending on the bank and the tenure you choose.
Additional Fees in the NMIMS Online MBA Program
Along with the core NMIMS Online MBA fees, there are some additional charges that students need to be aware of. These fees are generally for administrative, project-related, and examination-related services.
1. Admission Fee
₹1,200: This one-time admission fee covers processing and enrollment.
2. Project Fee
- ₹1,500 per subject: This fee is charged for subjects requiring projects as part of the curriculum.
3. Examination Fee
- ₹800 per subject: This fee applies for examination-related costs for each subject you attempt.
4. Registration Fee
- ₹5,000: This one-time registration fee is paid during the application process.
5. Processing Fee
- ₹1,200: This fee applies to processing your application and other administrative work.
Tip: Always check for hidden fees before applying and consult the admissions office for a complete list.
Special Discounts and Offers on NMIMS Online MBA Fees
NMIMS offers special discounts to help ease the financial burden of the online MBA fees:
1. 20% Fee Waiver for Armed Forces Candidates
- Armed Forces personnel are eligible for a 20% fee waiver, making this an excellent opportunity for military professionals seeking advanced business education.
2. No-Cost EMI Options
- NMIMS collaborates with several major banks like HDFC, ICICI, and Axis Bank, offering no-cost EMI options for students who prefer to break their payments into easy monthly installments without paying extra interest.
How to Pay Your NMIMS Online MBA Fees
Paying your NMIMS Online MBA fees is simple and flexible. You can choose from several options based on your convenience:
- Online Payment: You can pay your fees via credit card, debit card, or online banking through the NMIMS portal.
- Demand Draft: If you prefer offline payment, you can draw a draft favoring “SVKM’s NMIMS,” payable at Mumbai.
- EMI Option: If you wish to spread out your payments, opt for the EMI payment option offered by various banks.
Tip: For more information about each payment method and available discounts, please visit the official NMIMS admissions page.
FAQS
Here are some frequently asked questions to help you better understand the NMIMS Online MBA fees:
The total fee for the NMIMS Online MBA program is ₹196,000 for the full course.
Yes, NMIMS offers both annual payment and semester-wise payment options. You can also choose EMI payment options with several banks.
Yes, besides the core fees, you will need to pay an admission fee, project fee, examination fee, registration fee, and a processing fee.
Yes, armed forces personnel are eligible for a 20% fee waiver. Additionally, you can benefit from no-cost EMI options provided by various banks.
The due date for fee payments depends on the payment option you select. You can either pay the fees upfront, annually, or per semester.
8. Key Takeaways on NMIMS Online MBA Fees
To summarize, here’s what you need to know about the NMIMS Online MBA fees:
- Total course fees: ₹196,000.
- Flexible payment options: Pay the full fee or annual or semester-wise payments.
- Additional costs: admission, project, exam, processing, and registration fees.
- Special discounts: 20% fee waiver for armed forces candidates and EMI options with no interest.
The NMIMS Online MBA is an excellent opportunity for professionals looking to advance their careers. You can pursue your online MBA without financial stress with flexible payment plans and special discounts.
Ready to Apply for the NMIMS Online MBA?
If you’re ready to take the next step in your professional journey, click here to apply for the NMIMS Online MBA.
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