NMIMS School of Economics

The NMIMS School of Economics Fee Structure offers an academically rigorous and industry-relevant education in economics, & with an emphasis on real-world applications and research-driven instruction, it stands out as a preferred institution for students aspiring to shape careers in economics, data analysis, public policy, & finance.

A crucial consideration for students & families planning for higher education is the fee structure. At the NMIMS School of Economics, the tuition and associated costs are structured to reflect the quality of education, infrastructure, and opportunities available.

Fee Structure for Undergraduate and Postgraduate Programs

The School of Economics at NMIMS currently offers three key academic programs: the Bachelor of Science (B.Sc.) in Economics, Master of Science (M.Sc.) in Economics, & Ph.D. in Economics. The fee details are broken down as follows:

B.Sc. in Economics (3 Years)

M.Sc. in Economics (2 Years)

Ph.D. in Economics (Minimum 3 Years)

NMIMS School of Economics Courses

The fee structure is aligned with the diverse curriculum offerings available at the School, & the programs emphasize a blend of theoretical knowledge & practical application. Here are the major courses covered under each program:

Core Courses

• Microeconomics and Macroeconomics

• Statistics and Econometrics

• Mathematics for Economics

• International Economics

• Public Policy

• Behavioral Economics

Electives and Advanced Topics

• Development Economics

• Game Theory

• Financial Economics

• Environmental Economics

• Data Analytics using R and Python

Students also engage in internships, capstone projects, and research presentations that prepare them for industry or academic roles.

Payment and Refund Policy

• Fee Payment Schedule: Fees are to be paid annually, with due dates communicated at the start of each academic year.

• Late Fee Policy: Delayed payments incur a penalty of INR 500 per week after the due date.

• Refund Policy: In case of withdrawal before the course begins, a partial refund may be available as per UGC guidelines. Once the term starts, refund provisions are limited.

For more info, check out the NMIMS School of Economics Courses

Financial Aid and Support

Though NMIMS is a private institution, students may avail of education loans from leading banks based on their offer letter.

• Loan Assistance: The admissions office provides documentation to facilitate loan applications.

• Merit-Based Scholarships: Offered to top-ranking students after the first year based on academic performance.

• Installment Options: In select cases, students can request fee payment in two installments per academic year.

Value Proposition of the NMIMS School of Economics Fee Structure

• Strategic Fee Investment
  The fees at the NMIMS School of Economics reflect not only tuition but also access to a vast network of industry exposure, mentorship, and placement readiness programs. Consequently, the financial input becomes a strategic investment rather than merely a cost.
  
  

• Global Learning Environment
  Despite being an Indian institution, the exposure provided through international collaborations, case-based teaching, and seminars by global economists aligns with the offerings of leading global universities, justifying its fee bracket.

Breakdown of Additional Expenses Beyond Tuition

• Program Material Charges
  Includes hardcopy study materials, databases such as EBSCO and JSTOR, e-journals, and access to premium software.

• Technology Infrastructure Fee
  Covers digital exam environments, online learning management systems, and computer labs.

• Alumni Membership Contribution
  A one-time component collected in the final year to maintain access to the alumni portal, networking events, and continuing education.

Scholarships and Need-Based Waivers

• Merit-Based Scholarships
  Top-ranking students in entrance exams or prior academic qualifications receive partial tuition waivers.

• Economically Weaker Section Support
  NMIMS has an internal evaluation system where students can apply for financial assistance by submitting valid income proofs and a personal statement.

• Sibling and Alumni Benefit
  Special concession if a sibling is already enrolled or a parent is an alumnus of NMIMS.

See the NMIMS School of Economics fees for additional details

ROI from Career and Salary Growth

• High Placement Rate
  More than 90% of students receive job offers within 3 months of graduation, making tuition worth the return.

• Top Recruiting Sectors
  Industries such as consulting, analytics, policy-making, and finance offer higher CTCs, providing rapid ROI.

• Internship-to-Offer Conversion
  Many students secure PPOs (Pre-Placement Offers), helping them recover education costs even before graduation.

Comparison with Peer Institutions

• Cost-Quality Balance
  Compared to global universities, NMIMS provides similar quality with far lower fees. Compared to Indian Tier-1 economics schools, its fees are competitive considering its location and facilities.

• Location Premium
  Being located in Mumbai, students gain exposure to corporate hubs and economic think tanks—advantages that justify the fees.

Customizable Payment Options

• Installment Plan
  Students can opt for semester-wise or trimester-wise payment to manage cash flow.

• Loan Assistance Cell
  NMIMS has tie-ups with leading banks to support education loans with quick approval and student-friendly repayment schedules.

Academic Support Included in Fee

• Career Services and Resume Building Workshops
  These services are provided under the academic support system and do not require extra payment.

• Access to International Guest Lectures
  Covered in the tuition, students can attend workshops from visiting scholars from Harvard, LSE, and similar institutions.

Networking and Events Exposure

• National Economic Conclaves
  Students attend and participate in economic summits and conclaves, included in the fee structure.

• Research Conference Participation
  Fees cover expenses for paper submission, participation in internal academic journals, and collaborative research grants.

Value-Added Certifications (At No Extra Cost)

• SAS and Data Analysis Tools
  Certification programs in R, STATA, and SAS are part of the course and do not have separate charges.

• Ethics in Economics Workshops
  These important modules are included to align students with global ethical standards in research and policy.

For more details, visit the NMIMS School of Economics fee structure

Conclusion

The NMIMS School of Economics Fee Structure reflects the institute's commitment to offering a world-class education grounded in practical exposure & academic rigor. For students aspiring to make a mark in economics, public policy, or analytics, this institution provides the training, resources, & recognition necessary to succeed.