Vivekananda Business School Mumbai Fees: Complete Fee Structure, Tuition Fees, Hostel Fees & Other Charges

Introduction

Planning the cost of a management programme means looking beyond the advertised tuition amount. Applicants need to know how much they must pay across the entire course, whether hostel accommodation is compulsory, how food expenses are calculated, which charges are refundable and whether scholarships can reduce the financial burden.

Vivekanand Business School (VBS), Mumbai, offers a two-year Post Graduate Diploma in Management (PGDM). For the 2026–28 batch, its official website lists total academic fees of ₹9.50 lakh, payable in four instalments. Hostel accommodation and mess charges are listed separately, with different totals for non-air-conditioned and air-conditioned rooms. The institute also publishes entrance-exam requirements, selection criteria and placement highlights on its official website. Official VBS PGDM fee structure.

This article explains the published fee components, payment schedule, hostel costs, scholarship opportunities, admission requirements and placement information. It also provides practical budget calculations so applicants can distinguish the academic fee from the broader cost of studying and living in Mumbai.

Important: The ₹9.50 lakh academic fee is the published figure for the 2026–28 PGDM batch. Hostel costs are separate, and applicants should confirm the current applicable charges and payment instructions directly with VBS before paying.

Table of Contents

1. Vivekanand Business School Mumbai: Overview

2. VBS Mumbai Fees 2026–28

3. Detailed Academic Fee Structure

4. VBS Mumbai Hostel Fees

5. Mess Charges and Food Expenses

6. Total Cost of Studying at VBS Mumbai

7. Other Charges and Personal Expenses

8. Fee Instalments and Payment Schedule

9. Scholarships and Financial Assistance

10. International Academic Scholarship

11. Eligibility for PGDM Admission

12. Entrance Exams and Cutoffs

13. VBS Mumbai Admission Process

14. Documents Required for Admission

15. Refundable Deposits and Cancellation Considerations

16. VBS Mumbai Placements and Salary Figures

17. PGDM Specialisations and Programme Structure

18. How to Plan Your Education Budget

19. Comparing Academic Fees and Total Cost

20. Questions to Ask Before Paying

21. Official Website and Contact Details

22. Conclusion

23. About BSchoolBuzz

24. Related Search Keywords

1. Vivekanand Business School Mumbai: Overview

Vivekanand Business School, commonly called VBS, is located in Chembur, Mumbai, Maharashtra. It is associated with Vivekanand Education Society and offers a full-time PGDM programme focused on management education and industry exposure.

The institute's official website describes its PGDM as AICTE-approved and NBA-accredited. It also states that the programme is recognised by the Association of Indian Universities (AIU) as equivalent to an MBA. Applicants who need these credentials for employment, further education or another formal purpose should review the current documents linked on the official website and confirm the scope and validity applicable to their programme.

VBS Mumbai at a glance

Particular	Details
Institute name	Vivekanand Business School
Common abbreviation	VBS
Location	Chembur, Mumbai, Maharashtra
Main management programme	Post Graduate Diploma in Management (PGDM)
Programme duration	Two years
Fee details covered here	PGDM batch 2026–28
Total academic fee	₹9.50 lakh
Academic payment schedule	Four instalments
Hostel accommodation	Listed separately
Food and mess	Listed separately as part of the hostel-cost schedule
Entrance examinations listed	CAT, XAT, MAT, MAH-CET, CMAT, ATMA
Intake stated on the admission page	180 Indian students
Official website	https://vbs.ves.ac.in/

Source: VBS official PGDM and admissions page.

The most important point for fee planning is that the academic fee and hostel expenditure are separate. Someone comparing VBS with another institute should check whether the other institution's advertised amount includes accommodation, meals or refundable deposits.

2. VBS Mumbai Fees 2026–28

The official VBS website lists the two-year academic fee for the PGDM 2026–28 batch as ₹9,50,000. It divides the amount into four instalments across the two academic years.

Hostel charges are additional for students who choose the accommodation offered through the institute. The official fee page provides different annual amounts for non-AC and AC rooms, alongside mess charges and a refundable security deposit.

Main fee components

Fee component	Published amount	Payment treatment
Total academic fee	₹9,50,000	Payable in four instalments
First-year academic fee	₹5,20,000	Two instalments of ₹2,60,000
Second-year academic fee	₹4,30,000	Two instalments of ₹2,15,000
Non-AC hostel, mess and security deposit bundle	₹2,15,000	Listed as an annual total
AC hostel, mess and security deposit bundle	₹2,55,000	Listed as an annual total
Hostel security deposit	₹5,000	Described as refundable
Caution money in academic fee schedule	₹2,500 per first-year instalment	Refund condition stated for successful course completion

Source: Official VBS fee structure.

The table separates the academic fee from the accommodation options. The hostel bundles are described on the institute's website as annual amounts. Students should confirm whether the deposit component is collected once or repeated in a later year, and whether the same hostel arrangement applies throughout their stay.

What does ₹9.50 lakh cover?

The academic fee schedule includes tutorial, examination, library and other listed academic charges. The first-year instalments include tutorial fees, examination fees, library fees and caution money. The second-year instalments include tutorial, examination, alumni, library and innovation-lab charges.

This means students should not add those listed academic components to ₹9.50 lakh a second time when calculating the overall cost. They are already represented in the published academic-fee total.

The hostel and mess schedule, however, is separate. A student planning to stay in the institute's accommodation should add the relevant hostel option to the academic cost, while also checking the deposit and payment conditions.

3. Detailed Academic Fee Structure

The official fee page gives a component-wise breakdown for the PGDM 2026–28 batch. The amount is divided into two instalments in the first year and two in the second year.

First-year fee structure

Component	First instalment	Second instalment
Tutorial fee	₹2,47,500	₹2,47,500
Examination fee	₹3,000	₹3,000
Library fee	₹7,000	₹7,000
Caution money deposit	₹2,500	₹2,500
Total per instalment	₹2,60,000	₹2,60,000

First-year academic total: ₹5,20,000.

According to the institute's schedule, the first instalment is due at the time specified following the GD-PI result announcement, and the second instalment is payable in November. Students should follow the deadlines in their own admission communication rather than assuming that dates from an earlier cycle will remain unchanged.

Second-year fee structure

Component	Third instalment	Fourth instalment
Tutorial fee	₹1,95,500	₹1,95,500
Examination fee	₹3,000	₹3,000
Alumni fee	₹3,500	₹3,500
Library fee	₹9,000	₹9,000
Innovation-lab fee	₹4,500	₹4,500
Total per instalment	₹2,15,000	₹2,15,000

Second-year academic total: ₹4,30,000.

The institute lists the third instalment as payable in March and the fourth in July. The applicable year and exact due dates should be confirmed in the official fee notice.

Academic fee calculation

Calculation	Amount
First-year academic fees	₹5,20,000
Second-year academic fees	₹4,30,000
Total academic fees	₹9,50,000

The two annual totals add up to the published ₹9.50 lakh programme fee. This is the amount applicants should use as the academic-cost starting point for the 2026–28 PGDM batch.

The fee schedule also identifies caution money as refundable after successful completion of the course. Students should keep the payment receipt and check the conditions governing the refund.

4. VBS Mumbai Hostel Fees

Hostel accommodation is listed separately from academic fees. The institute's official page provides two options: non-AC and AC accommodation.

Published annual hostel-cost schedule

Hostel component	Non-AC room	AC room
Accommodation charge	₹1,20,000	₹1,60,000
Mess for 10 months	₹90,000	₹90,000
Refundable security deposit	₹5,000	₹5,000
Published combined total	₹2,15,000	₹2,55,000

Source: VBS official fee structure.

The figures in the table match the annual totals displayed by the institute. The published bundle includes the accommodation charge, mess amount and refundable security deposit.

Non-AC hostel option

The official annual schedule lists ₹1.20 lakh for non-AC accommodation. When the ₹90,000 mess amount and ₹5,000 security deposit are included, the listed combined total becomes ₹2.15 lakh.

Students who choose this option should verify room availability, occupancy arrangements, the date from which accommodation is charged and whether the amount covers the entire stated accommodation period.

AC hostel option

The AC accommodation charge is listed at ₹1.60 lakh annually. Including the same mess amount and security deposit produces the official listed combined total of ₹2.55 lakh.

The difference between the two published annual bundles is ₹40,000, attributable to the difference between the listed AC and non-AC accommodation charges. This comparison is based on the fee table and assumes that the other listed components remain the same.

Is hostel accommodation compulsory?

The official fee page says students who wish to use hostel facilities should inform the admission team in advance. This indicates that the hostel option is arranged separately rather than being included in the ₹9.50 lakh academic fee.

Students who intend to live with family or arrange their own accommodation should ask VBS whether any accommodation-related payment applies to them. Those choosing the hostel should confirm availability and the payment schedule before finalising their budget.

5. Mess Charges and Food Expenses

The VBS fee schedule lists mess charges of ₹90,000 for 10 months. The amount is shown alongside the annual accommodation and security-deposit figures.

Food-cost calculation

Item	Published amount
Mess charges for 10 months	₹90,000
Average monthly equivalent across 10 months	₹9,000

The ₹9,000 monthly figure is a calculation from the published ₹90,000 for 10 months. It should not be interpreted as a separate monthly bill or as a guarantee that food charges will be collected in equal monthly amounts.

Is mess included in the academic fee?

No. The institute presents the mess amount in the hostel-cost section rather than within the ₹9.50 lakh academic-fee total. Applicants who choose accommodation should therefore account for food expenses separately from academic instalments.

What should students clarify?

Before paying, ask the institute:

• Whether the mess amount covers the stated 10-month period in each academic year.

• Whether meals outside that period are available and, if so, how they are charged.

• Whether any mess payment is refundable if the student leaves the hostel early.

• Whether the listed amount is fixed for the applicable batch.

• Whether the security deposit is paid once or again when moving into a later academic year.

The official table gives the published fee components, but students should confirm how these are applied to their individual accommodation agreement.

6. Total Cost of Studying at VBS Mumbai

The academic fee is only one part of the total budget. Students who stay in the institute's hostel should add the accommodation and mess charges for the applicable period.

For planning, it is useful to distinguish between the published academic fee, the annual hostel bundle, and the calculated two-year budget. The calculated total is an estimate derived from the listed charges, not a separate all-inclusive fee officially quoted by VBS.

Cost estimate for the 2026–28 batch

Cost item	Non-AC option	AC option
Two-year academic fee	₹9,50,000	₹9,50,000
Annual hostel, mess and deposit bundle shown by VBS	₹2,15,000	₹2,55,000
Two annual bundles, calculated	₹4,30,000	₹5,10,000
Indicative two-year total using two annual bundles	₹13,80,000	₹14,60,000

The two-year figures above multiply the institute's listed annual hostel bundle by two and add the ₹9.50 lakh academic fee. Because the bundle includes a refundable security deposit, students should confirm whether the deposit is collected again for the second year. If it is a one-time deposit, the total cash required would be ₹5,000 lower than the two-bundle calculation.

These estimates do not include personal spending, travel, books or equipment purchased outside the published fee schedule.

What if the student does not use the hostel?

A student arranging accommodation independently should not automatically add the hostel bundle to the academic fee. Instead, they should budget for rent, food, commuting and utilities based on their actual living arrangement.

Those costs vary by location and personal choices, so a single official total cannot be calculated for all students living outside the hostel. The ₹9.50 lakh academic fee remains the published starting point for the programme.

Why this calculation matters

A student comparing VBS with another business school should compare the same cost categories. If another institute advertises a fee that already includes hostel accommodation, comparing it directly with VBS's academic fee alone may produce an inaccurate picture.

The best comparison includes academic fees, accommodation, food, compulsory deposits and any other mandatory charges. It should also distinguish refundable amounts from money that is spent permanently.

7. Other Charges and Personal Expenses

The official VBS fee table lists the principal academic and hostel components, but students may still have individual expenses that depend on their needs. These should be planned separately instead of being presented as mandatory institute charges without evidence.

Personal budgeting checklist

Expense	How to plan
Application fee	Check the current application portal and instructions
Academic fees	Use the official ₹9.50 lakh schedule for the 2026–28 batch
Hostel accommodation	Use the AC or non-AC option applicable to the student
Mess charges	Use the published 10-month amount and confirm the relevant period
Refundable deposits	Track the amount and the written refund conditions
Books and stationery	Budget according to actual academic requirements
Laptop and accessories	Consider existing equipment and programme requirements
Local transport	Depends on the student's accommodation and travel pattern
Travel to and from Mumbai	Depends on home location and frequency
Telephone and personal care	Individual expense
Laundry and other personal services	Confirm what is included in the accommodation arrangement
Optional activities	Depends on participation and applicable costs
Other compulsory charges	Add only after confirmation from the institute

This checklist is intended for budgeting, not to imply that VBS charges each item. Some expenses may be optional, already covered by a facility or not applicable to a particular student.

How to avoid counting the same expense twice

The ₹9.50 lakh academic fee already includes the academic components listed in the official fee table. Do not add tutorial, library or examination charges a second time.

Similarly, the hostel total shown by VBS already combines accommodation, mess and the security deposit. When using that combined figure, do not add the same mess amount again unless the institute confirms that a separate additional charge applies.

A clear spreadsheet should have one row for each cost, the period it covers, the payment date and whether the amount is refundable.

8. Fee Instalments and Payment Schedule

VBS divides the academic fee into four instalments. The published schedule identifies two payments in the first year and two in the second year.

Official academic payment schedule

Instalment	Amount	Timing stated on the official page
First	₹2,60,000	At the time of admission, according to the GD-PI result announcement
Second	₹2,60,000	November
Third	₹2,15,000	March
Fourth	₹2,15,000	July
Total	₹9,50,000	Across the two-year programme

Source: VBS PGDM fee structure.

The listed months help applicants understand the sequence of payments. They should not be treated as a substitute for the official offer letter, which should specify the applicable year, deadline and payment instructions.

How to prepare for payments

1. Read the offer letter carefully.
Identify the first amount due, the deadline and the conditions for confirming admission.

2. Record the instalment dates.
Add all four payments to a calendar. Plan for hostel payments separately if accommodation is being arranged.

3. Confirm the accepted payment methods.
Use the methods specified by VBS. Retain receipts and transaction references for every payment.

4. Plan for the second academic year early.
The second-year academic total is ₹4.30 lakh, excluding accommodation and personal expenses. It should be part of the budget from the start.

5. Ask about late payment.
Check the current policy on late fees, extensions and consequences of missing a due date. Do not rely on informal assumptions.

Education-loan planning

Students using an education loan should share the fee schedule with the lender and confirm the timing of disbursements. Loan approval does not automatically mean that funds will be released before every instalment deadline.

Ask the lender whether the approved loan covers academic fees, hostel expenses, mess charges and other living costs. These conditions depend on the lender's policy and the student's loan agreement.

9. Scholarships and Financial Assistance

VBS publishes information about international academic scholarships, financial assistance through the Vivekanand Education Society Trust and awards that recognise student performance.

Scholarships and financial support should be evaluated separately from the standard fee schedule. Students should not deduct a scholarship from the amount payable until they receive confirmation that they have been selected and understand how the award will be applied.

Financial-support options mentioned by VBS

Scheme or support	What the institute states	What applicants should confirm
International Academic Scholarship	Support for 25 meritorious students for an international academic experience	Eligibility, selection process, timing and expenses covered
VES Trust Financial Assistance Scheme (Samarthan)	Financial assistance for eligible students from weaker sections, subject to the trust's criteria and approval	Application process, income or other eligibility requirements, and award amount
Special Encouragement Awards	Recognition for academic performance, internship projects and overall achievement	Current award rules and whether any monetary benefit applies
Financial-institution links	VBS says it has partnered with financial institutions to help students access loans	Lender names, interest rates, loan terms and eligibility

Source: VBS official programme and fee page.

VES Trust Financial Assistance Scheme — Samarthan

The institute describes Samarthan as a financial-assistance scheme for needy and meritorious students from weaker sections of society. The scheme is subject to the eligibility criteria prescribed by the VES Trust and approval by the relevant authority.

The public description does not provide a universal award amount that can be applied to every applicant. Students should therefore ask for the current application form, eligibility criteria, required documents and the amount that may be awarded in their individual case.

Special Encouragement Awards

VBS also lists awards such as the top student in each specialisation, Outstanding SIP Project Award, Overall Academic Performance Award, All-Round Student Award and Top Female Achiever Award.

These awards recognise different aspects of student achievement. The public description does not establish that every award reduces the programme fee, so applicants should not treat them as guaranteed fee concessions. Confirm whether an award includes a monetary component and when it is provided.

10. International Academic Scholarship

VBS describes an International Academic Scholarship intended to provide selected meritorious students with international academic exposure. The institute's programme page says the scholarship covers international travel, accommodation, meals and course fees for the sponsored academic experience.

The website states that 25 meritorious students may be selected. It also describes the international programme as a three-month academic experience at an international university. Applicants should confirm the current partner institution, duration, selection rules and the exact scope of the support for their admission batch.

What students should know

• The scholarship is merit-based, according to the institute's published description.

• The stated opportunity is limited to selected students; it should not be treated as an automatic benefit for every PGDM student.

• The listed support relates to the international academic experience and should not be assumed to waive the regular domestic PGDM fee.

• Applicants should ask whether there are academic-performance conditions before and during the programme.

• The institute should confirm whether all travel, accommodation, meals and course-related costs are covered in the specific offer.

The scholarship may be relevant for students who value international exposure, but it should not be included in a personal budget as a confirmed saving until an award has been granted in writing.

11. Eligibility for PGDM Admission

According to the official VBS admissions page, applicants should have graduated from a recognised Indian university with at least 50% marks. Final-year students may also apply, but admission remains conditional until they clear the qualifying examination with the required marks.

Published eligibility criteria

Requirement	Details
Academic qualification	Graduation from a recognised Indian university
Minimum graduation marks	50%
Final-year applicants	May apply; admission remains conditional on clearing the qualifying examination with 50% marks
Entrance examinations	CAT, XAT, MAT, MAH-CET, CMAT or ATMA
Selection method	Profile-based evaluation, entrance examination and personal interview
Intake listed	180 Indian students

Source: VBS official admissions page.

Applicants should review the latest admission notice for the treatment of equivalent qualifications, final-year results and any special conditions that apply to their circumstances. A candidate meeting the minimum eligibility requirements is not automatically guaranteed an offer.

12. Entrance Exams and Cutoffs

VBS lists six entrance examinations for PGDM admission: CAT, XAT, MAT, MAH-CET, CMAT and ATMA. Its official admission page also publishes entrance-score cutoffs.

Cutoffs displayed by VBS

Entrance examination	Published cutoff
CAT	70 percentile
XAT	65 percentile
CMAT	70 percentile
MAT	80 percentile
ATMA	80 percentile
MAH-CET	80 percentile

Source: VBS PGDM admission criteria.

These are the cutoffs displayed on the institute's website. Applicants should confirm that they apply to the relevant intake and understand whether the institute has issued a newer admissions notice.

How does VBS select applicants?

The institute describes its selection approach as profile-based. Its published page gives the following weightage:

Selection parameter	Published weightage
Qualifying entrance examination	40%
Academic record across school and graduation	25%
Personal interview	30%
Extracurricular activities, awards, competitions and work experience where relevant	5%
Total	100%

This structure indicates that entrance scores are not the only factor in the stated selection process. Academic performance, interview performance and other parts of an applicant's profile also contribute.

A cutoff should therefore be treated as an eligibility or shortlisting benchmark, not a guarantee of admission. Candidates should prepare for the interview and submit accurate information about their education and experience.

13. VBS Mumbai Admission Process

Applicants can use the following sequence to understand the process described on the institute's official website.

Step 1: Check eligibility

Confirm that the graduation marks and entrance-examination requirements are met. Final-year students should check the conditions for provisional admission and the deadline for submitting final results.

Step 2: Complete the application

Apply through the official VBS admissions route and follow the current form instructions. Verify any application fee and submission deadline directly on the active application portal.

Step 3: Submit entrance-examination details

Provide the required entrance score or follow the official instructions if the examination result is pending. VBS lists CAT, XAT, MAT, MAH-CET, CMAT and ATMA.

Step 4: Attend the selection process

The published process considers the entrance examination, academic history, personal interview and relevant extracurricular achievements or work experience.

Step 5: Review the offer

If selected, read the offer letter carefully. Confirm the programme, academic fee, first instalment deadline, hostel arrangements and documents required to complete admission.

Step 6: Pay the required instalment

Make the payment using the institute's official instructions and keep the receipt. If using a loan, coordinate the disbursement timeline with the lender before the deadline.

Step 7: Arrange accommodation if needed

The institute says students who wish to use hostel facilities should inform the admission team in advance. Confirm room availability, the applicable AC or non-AC charge and the hostel payment schedule.

14. Documents Required for Admission

VBS's official PGDM page lists documents to be submitted with the application and originals to be produced at admission. Applicants should use the current checklist because requirements can depend on the admission cycle and personal circumstances.

Documents listed by the institute

• Recent passport-size colour photograph.

• Academic records, including marksheets and passing certificates for SSC, HSC and graduation.

• Annual or semester-wise graduation marksheets and passing certificates, as applicable.

• Entrance-examination scorecard.

• Identity proof, such as driving licence, passport, Aadhaar card or voter ID.

• Nationality proof, such as birth certificate, school-leaving certificate, passport or domicile certificate.

• Address proof.

• Caste certificate, if applicable.

• Work-experience letter, if applicable.

Source: VBS official PGDM admission page.

The institute's page says originals and an attested photocopy set are required at admission. It also warns that failure to submit the required certificates within the prescribed period can result in cancellation of admission without a refund. Students should read the exact wording in their current admission communication and resolve any document-related questions before the deadline.

15. Refundable Deposits and Cancellation Considerations

A refundable deposit is different from a tuition payment, but students should not assume that every deposit is returned automatically or immediately. VBS identifies the hostel security deposit of ₹5,000 as refundable and states that academic caution money is refunded after successful completion of the course.

The applicable conditions, timing and deductions should be confirmed in writing.

Deposits listed in the fee structure

Deposit	Published amount	Refund information
Academic caution money	₹2,500 in each of the first two instalments	Institute says caution money is refunded after successful completion of the course
Hostel security deposit	₹5,000	Described as refundable in the hostel fee table

The fee schedule does not by itself answer every possible cancellation scenario. Students should ask whether a deposit is refundable if admission is withdrawn before joining, if a student leaves during the programme, or if hostel accommodation is cancelled.

Questions about cancellation

Before paying, confirm:

1. Which part of the academic fee is refundable if admission is cancelled?

2. Are application or processing charges refundable?

3. What are the deadlines for submitting a withdrawal request?

4. Are hostel and mess payments treated differently from academic instalments?

5. What conditions apply to the return of caution money and security deposits?

6. What is the refund process and expected timeline?

7. Which written policy applies to the student's admission batch?

Do not infer a refund amount from an old fee receipt or another student's experience. The relevant policy and the student's own payment records should guide the decision.

16. VBS Mumbai Placements and Salary Figures

Placement outcomes are an important part of the decision to pursue a PGDM, but they should be considered separately from the fee structure. A salary package is not a guaranteed outcome for each student, and the highest package should not be used as the expected salary for all graduates.

VBS publishes placement highlights for specific batches on its official website. The figures displayed for the 2024–26 batch are a highest CTC of ₹16.80 lakh per annum and an average CTC of ₹9 lakh per annum. The same page lists the 2023–25 batch separately, with a highest CTC of ₹21 lakh, an international package of ₹15.75 lakh, an average CTC of ₹8.50 lakh and a 93% placement record. Official VBS placement highlights.

Placement figures published by VBS

PGDM batch	Highest CTC	Average CTC	Other published information
2024–26	₹16.80 LPA	₹9 LPA	Highest and average CTC displayed
2023–25	₹21 LPA	₹8.50 LPA	International package: ₹15.75 LPA; placement record: 93%

These figures refer to different batches and should not be combined into one placement statistic. Applicants should consult the latest official report for the batch they are evaluating and check how the institute defines the reported CTC, average and placement percentage.

How should students interpret the numbers?

The highest CTC represents the largest reported package in the relevant batch. It does not show what a typical student should expect to earn. Average CTC provides another perspective, but it can be influenced by the distribution of offers.

When reviewing the placement report, check whether it includes:

• The number of students eligible for placement.

• The number of students placed.

• The number of participating recruiters.

• Average and median salary, where reported.

• The distribution of offers across salary ranges.

• Domestic and international packages.

• The report's batch year and publication date.

CTC should also not be confused with monthly take-home salary. It can include components that are not received as regular cash pay. Students financing their education through loans should use realistic expected income and repayment terms when assessing affordability.

17. PGDM Specialisations and Programme Structure

VBS lists several PGDM specialisations, including Business Analytics, Banking and Finance, Marketing, Human Resource Management, and Operations and Supply Chain Management. The official programme pages describe a learning structure that combines classroom study with extended industry exposure.

Specialisations listed by VBS

Specialisation	Main area of study
Business Analytics	Data analysis and evidence-based business decisions
Banking and Finance	Financial markets, corporate finance and related roles
Marketing	Markets, sales, brand strategy and customer-focused activities
Human Resource Management	Talent management, organisational development and people-related functions
Operations and Supply Chain Management	Process management, logistics, supply chains and operational decision-making

Source: VBS official PGDM programme page.

The 15:9 learning structure

VBS describes its PGDM as a 15:9 model: 15 months of classroom-based learning followed by nine months of internship or apprenticeship exposure. The institute presents the extended industry period as a way for students to apply classroom concepts to business problems.

Applicants should read the programme details carefully to understand how the internship is organised, how placements and internship opportunities are handled, and which academic requirements must be completed. The existence of an internship component should not be interpreted as a guarantee of a permanent job or a specific salary.

Does the specialisation change the published fee?

The main fee schedule gives a total academic fee of ₹9.50 lakh for the PGDM 2026–28 batch. It does not display a separate fee total for each of the listed specialisations. Applicants should confirm whether any additional programme-specific charges apply to their selected specialisation rather than assuming the fee differs.

18. How to Plan Your Education Budget

A useful budget includes academic instalments, accommodation, food, deposits and personal costs. It should also account for the timing of payments, not merely the total amount.

Budget worksheet

Budget item	Amount to use
Academic fee	₹9,50,000 for the PGDM 2026–28 batch
Hostel and mess	Use the official AC or non-AC schedule for the applicable period
Refundable deposits	Track separately and confirm the return conditions
Travel	Estimate from home location and expected trips
Books and equipment	Estimate according to actual requirements
Personal expenses	Enter an individual estimate
Scholarship	Include only after the award is confirmed
Education loan	Use the sanctioned amount and actual disbursement schedule
Family or personal contribution	Calculate after all costs and funding sources are confirmed

Example: a student choosing a non-AC hostel

Using the official figures, the academic fee is ₹9.50 lakh. The published annual non-AC bundle for accommodation, mess and security deposit is ₹2.15 lakh. Multiplying that bundle by two gives ₹4.30 lakh, resulting in a calculated total of ₹13.80 lakh.

This estimate assumes the annual bundle is paid twice. Because the bundle includes a refundable deposit, confirm whether the same deposit is charged again in the second year. If the deposit is collected only once, the amount of cash required would be ₹5,000 lower than the simple two-bundle calculation.

The estimate excludes individual costs such as travel, books and personal purchases. It should therefore be treated as a starting budget, not as a guarantee of the final amount every student will spend.

Example: a student choosing an AC hostel

The academic fee remains ₹9.50 lakh. The official AC bundle is ₹2.55 lakh per year. Multiplying by two gives ₹5.10 lakh in annual bundles, producing a calculated total of ₹14.60 lakh.

As with the non-AC calculation, students should clarify whether the refundable security deposit is repeated and whether the same hostel and mess charges apply in both years.

Keep a contingency reserve

A reserve can help cover travel, personal purchases and unexpected costs. The appropriate amount depends on individual circumstances; the official fee page does not prescribe a universal personal-expense allowance.

Do not use money reserved for an upcoming instalment to fund discretionary spending. A simple cash-flow calendar can help ensure that academic payments and accommodation costs are covered when due.

19. Comparing Academic Fees and Total Cost

Comparing business schools requires more than lining up the advertised programme fees. Different institutions may include different services in their published amounts, so applicants should check the actual components before deciding.

What to compare

Factor	Question to ask
Academic fee	Does the amount cover the entire programme or one year?
Hostel	Is accommodation included or billed separately?
Food	Are meals included in the hostel amount?
Deposits	Which deposits are refundable and under what conditions?
Instalments	How much is due at admission and later?
Scholarships	Is eligibility automatic or competitive?
Placement statistics	Are figures published for a clearly identified batch?
Internship	What is the programme structure and how is the internship organised?
Accreditation	What is the current approval or accreditation status?
Refund policy	What happens if a student withdraws?
Loan support	What expenses will the lender finance?

For VBS, the published academic fee for the 2026–28 batch is ₹9.50 lakh, while hostel and mess expenses are separately listed. That distinction should remain visible in any comparison.

Avoid comparing unrelated figures

Do not compare VBS's academic fee with another institute's total cost including hostel and food. Likewise, do not compare the highest salary from one graduating batch with the average salary from another and treat them as equivalent measures.

A fair decision uses comparable programmes, clearly identified academic years and consistent definitions. If the information differs, record the difference rather than combining the figures.

20. Questions to Ask Before Paying

Before submitting an admission payment, applicants can use this checklist to confirm their financial commitment.

Fee-related questions

• Is ₹9.50 lakh the applicable academic fee for my admission offer?

• What is the exact deadline for each of the four instalments?

• Does the fee schedule include all compulsory academic charges?

• Are any additional compulsory fees payable outside the published schedule?

• Is the hostel fee payable annually, and when is it due?

• Does the hostel bundle cover the full stated period?

• Is the ₹5,000 hostel security deposit collected once or each year?

Scholarship-related questions

• Which scholarships are open to the current batch?

• What are the eligibility conditions and selection criteria?

• Does a scholarship reduce the academic fee or cover a separate activity?

• When is the award confirmed and how is it paid?

• What happens if a student no longer meets the eligibility requirements?

Accommodation and refund questions

• Is an AC or non-AC room available for the intended period?

• What is included in the mess arrangement?

• Can a hostel booking be cancelled, and what charges apply?

• When are academic caution money and hostel deposits returned?

• Which refund policy applies to withdrawal from admission?

• What documents are required to process a refund?

Written answers are especially useful for students relying on education loans or family funding. They also help prevent a misunderstanding between the fee shown on the website and the amount due under a particular offer.

21. Official Website and Contact Details

Use the official VBS website to confirm the latest programme fee, admission criteria, scholarship information and placement reports.

Information needed	Official source
PGDM academic and hostel fee structure	VBS PGDM programme page
Admission eligibility and entrance cutoffs	VBS PGDM admissions page
Placement statistics	VBS placements page
Institute overview and credentials	VBS official website

Institute: Vivekanand Business School

Address: B-Wing, Hashu Advani Memorial Complex, 495/497, Collector Colony, Chembur, Mumbai, Maharashtra – 400074.

Telephone: 1800 266 9010; 022-67893000.

Email: mail.vbs@ves.ac.in.

These contact details are published on the institute's website. Confirm the current admissions contact and applicable fee schedule before making a payment.

22. Conclusion

Vivekanand Business School Mumbai lists the total academic fee for the PGDM 2026–28 batch at ₹9.50 lakh, payable in four instalments. Hostel accommodation and mess charges are separate, with the official annual combined total listed at ₹2.15 lakh for non-AC accommodation and ₹2.55 lakh for AC accommodation.

Using two annual hostel bundles, the calculated academic-plus-hostel budget is ₹13.80 lakh for the non-AC option or ₹14.60 lakh for the AC option. These calculations include the listed refundable security deposit in each annual bundle; students should confirm whether that deposit is collected once or repeated in the second year. Personal expenses and other individual costs are additional.

VBS also lists financial assistance, an international academic scholarship and student achievement awards. These opportunities should be considered only after reviewing their eligibility and confirming the award in writing. Placement figures should likewise be checked by batch, with average and highest CTC interpreted as different measures rather than guaranteed individual outcomes.

Before joining, review the official offer letter, instalment deadlines, accommodation conditions, deposit rules and refund policy. Confirming these details with VBS will help applicants build a more accurate budget and compare management programmes on a consistent basis.

About BSchoolBuzz

BSchoolBuzz helps students research management institutes by organising information about programme fees, admissions, scholarships, placements and other factors that influence college selection. Its aim is to make institutional information easier to understand and compare.

For decisions involving payments, readers should use the latest official documents and the fee details in their own admission offer. Charges, scholarship conditions and admission rules can change between batches, so verifying the applicable year is essential.

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