ISB: Programmes Expenses for PGP 2009-10

The following is the information in respect of expenses relating to one year PGP programme for the academic year 2009-10. 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.

*Note: As advised by the Counsel of the School, Service Tax is not applicable on the fees charged for the PGP programme. This view is not accepted by the Service Tax Authorities. The matter is under adjudication and should the decision go against the School, the School reserves the right to collect the service tax amount from the students in addition to the fees. The present rate of service tax (inclusive of cess) is 12.36%.

*Note:

1. USD amounts are approximate and will be likely to change depending on the exchange rate.
2. 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.
3. It is mandatory to live in the campus.
4. Tuition fees cover course packs provided but certain courses require mandatory text books over and above the study material supplied by ISB.
5. Every student is required to have a laptop. 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.
6. Expenses pertaining to meals can differ depending upon the plan opted. The residential facilities have kitchens for people who would like to cook.

Medical Insurance

• It is mandatory for all students and their dependents living on campus to have medical insurance.
• The ISB will arrange to purchase a group medical insurance for all students and their dependents.
• The premium of this will have to be paid by all students in addition to the other fees at the time of registration.
• The premium is aproximately in the range of INR 1,300 to 4,000 depending on the age of the insured - these amounts are approximate and subject to change.
  Miscellaneous Expenses
• Please also budget for some miscellaneous expenses which may vary depending on your needs and preferences (like schooling for children, sightseeing, etc.) Exchange Programme ExpensesIf 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.