The ISB is committed to enrolling the best qualified students, regardless of the ability to pay. The School awards institutional grants and corporate-sponsored scholarship assistance in addition to facilitating agreements with financial institutions to provide long-term, low-interest loans.
Please also budget for some miscellaneous expenses which may vary depending on your needs and preferences (like schooling for children, sightseeing, etc.)
Exchange Programme Expenses
If you wish to participate in the exchange programme certain expenses have to be borne by the student depending upon the travelling and accommodation costs incurred. It may vary from USD 6000 to USD 10000 (approx.) depending upon the school you have been admitted to.
- USD amounts are approximate. The fee structure shown is for the Class of 2008 and is subject to revision.
- The School realises its fee in Indian Rupees. There are options available to make payments in foreign currency also; in which case the amount realised must be equivalent to the amounts fixed in INR. Service Tax, if any, will be charged extra. At present ISB does not charge any service tax with respect to the educational programme. But should we be subject to it by a Service Tax Departmental order at a future date, then we reserve our right to collect the same from you. At present the service tax rate in India is 12.24%.
- It is mandatory to live in the campus.
- Tuition fees cover course packs provided but certain courses require mandatory text books over and above the study material supplied by ISB.
- Every student is required to have a laptop computer. You can buy one from vendors identified by the School (ISB will help you to get special rates) or bring your own. Rates may vary according to the model opted for.
- Expenses pertaining to meals can differ depending upon the plan opted. The residential facilities have kitchens for people who would like to cook.
The ISB has inked loan agreements with three leading banks/institutions that provide funding to cover up to 95% of the programme cost.
- Programme cost includes tuition fees, living expenses, Food, Laptop and books.
- Loans are offered at lowered interest rates starting from 8.25 % per annum.An additional privilege extended to ISB students is that the loans are available without any collateral.
- Over 70% of ISB students have taken educational loans from banks in the past.
- Life Insurance is mandatory for the loan amount availed.
- Only Indian passport holders are eligible to avail these loans.
- If a student receives an educational loan, the ISB will be the primary recipient of the funding awarded, until the course cost is covered. Any amount above and beyond this will be passed on to the student.
- The information provided in this window aims to be correct as far as possible at the time of publication, but ISB reserves the right to make changes to any or all the matter cited here.
Scholarships For 2007-08
Each year the ISB awards several scholarships, in the form of fee remission, to outstanding candidates. These scholarships vary in amounts and include some full scholarships. Scholarships are both need and merit based. Recipients are selected on the basis of exceptional academic and professional performance, as well as personal qualities such as leadership, integrity, and community service.
As an admitted student, you will be automatically considered for these awards and will be notified of any decision at the time of admission. The ISB will award approximately 100 scholarships ranging between INR 1,00,000 to 3,50,000.
The ISB also partners with several corporates to provide scholarships during the course of the academic year. Citibank, HSBC and Novartis Group offer scholarships up to INR 11,00,000. Application criteria and selection procedures vary for each of these.
Below is a summary of the School, Company and external scholarships that are available to students.
* Application process and interview(s) by the sponsor.
- If a student receives a scholarship, the ISB/Banks (in case of student having taken an educational loan) will be the primary recipient of the funding awarded, until the course cost/loan is covered. Any scholarship amount above and beyond this will be passed on to the student.
- The information provided in this window aims to be correct as far as possible at the time of publication, but ISB reserves the right to make changes to any or all the matter cited in this post.