Study abroad: MBA at a top US university can cost you over ₹2 crore. Details here

livemint.com:

₹2 crore if your target university is an Ivy League, and as reputable as Stanford or Harvard or MIT. A management degree in America runs for two years and each year’s tuition for an Ivy League school is nearly $80,000 - $82,000. There are a range of other expenses as well such as health insurance, student service fee, technology fee, international student fee and other fees amounting to a total of $10,000 per annum.

Let us peel some more layers off this to understand how much does this cost to graduate from a top B-school in America. ALSO READ: Harvard, Columbia students lose job offers for supporting Palestinians At Stanford, the annual tuition fee is 82,000. Besides this, the university charges living expenses, housing, medical insurance and health fees totalling to $48,383.

So, the total expenses for one year are around $1,30,000. This means, the total cost for a two-year MBA is $2,60,000. When converted into Indian currency ($1 = ₹83), the total cost comes to around ₹2,15,80,000 (or nearly ₹2.15 crore).

Similarly, MIT Sloan School of Management's MBA programme has total cost of $1,25,489 (including $84,200 for tuition) for one year. The two-year MBA, therefore, will let you loosen your purse strings by $2,50,978. In Indian currency, this translates to ₹2.08 crore.

(Source: timeshighereducation.com) However, the smaller and less known universities in America charge less tuition. Moreover, their miscellaneous expenses are also lower than what is charged by the Ivy Leagues. For instance, the tuition fee charged by Michigan State University's Broad College of Business is $55,000 per annum.