Fee Structure and Scholarships for Pursuing Hotel Management Course
People world over have become akin to discovering and exploring new places. Traveling goes hand in hand with staying at a place away from home. People who travel are always in search of affordable and hospitable hotels where everything would be easily available as well as accessible at pocket-friendly prices. India is emerging as one of the favourite tourist destinations, because of the surge in demand, there is a scope of well established career in hotel management. Hotel Management Entrance Exam is conducted by NCHMCT (National Council of Hotel Management and Catering Technology). The candidate has to fill the application form to apply for the B.Sc in Hospitality and Tourism.
However, the important question we all ask ourselves before choosing a career is about the kind of damage it would be in the pocket. Agreed that there is always an ROI when one gets a good job and makes a stable career out of it, but that is not always a guarantee. Hence, asking and inquiring about the hotel management courses fee structure and how much each institute charges for the course is a practical and wise step.
Hence, let us understand this here:
What would it cost?
The fee structure differs as per the rank and reputation of the institute. The IHM Pusa fee structure is quite different from that of Garden City College or Christ College. Those students who are not able to afford such high fees can opt for a scholarship or external funding and can even go for the diploma courses offered by these same institutes.
Here is a look at the fee structure of the top 15 institutes (in India) offering the B.Sc. in Hospitality and Hotel Administration course.
Name of college/institute | Fees/duration of course |
Christ College, Bangalore | 4.63 Lakhs (4 year course) |
IHM, Chennai | 2.86 Lakhs (3 year course) |
IHM, Bangalore | 2.51 Lakhs (3 year course) |
SRM Institute of Hotel Management (SRMIHM), , Chennai | 2.28 Lakhs (3 year course) |
IHM, Delhi | 3.02 Lakhs (3 year course) |
IHM, Lucknow | 2.86 Lakhs (3 year course) |
IHM, Jaipur | 2.34 Lakhs (3 year course) |
Chitkara College of Hotel Management and Catering | 3.04 Lakhs (3 year course) |
Kurukshetra University, Kurukshetra | 2.4 Lakhs (4 year course) |
IHM, Bhopal | 2.9 Lakhs (3 year course) |
IHM, Mumbai | 2.9 Lakhs (3 year course) |
SRMIHM, Chennai | 2.3 Lakhs (3 year course) |
IHM, Hyderabad | 2.6 Lakhs (3 year course) |
IHM, Ahmedabad | 2.9 Lakhs (3 year course) |
Scholarships and Funding:
Most institutes offering this course do provide merit-based concessions on their fees to the candidates who may be eligible for it and apply for the same. Likewise, even discounts are provided to sponsored candidates who join the Institute for training purposes. Over and above this, even fellowship is offered who wish to explore the academic side of a career in Hotel Management.
Also check: Top 20 Hotel Management colleges in India
Also check: Top 20 Hotel Management colleges in India
For those who do not fall in any of the above categories, the option of an education loan is open too. Students can seek for external funding at a low-interest rate loan from any of the nationalized (or even private banks who offer such loans) like Allahabad Bank, IDBI, PNB Bank of Baroda, etc. All students who pursue the course from an AICTE affiliated institute are eligible to get a loan of Rs 7.5 lakh and Rs. 15 lakh for pursuing it from India or from outside India, respectively. This loan can be repaid within a period of 5 to 7 years in the form of equal installments once the course is completed.
India is quickly becoming a lucrative destination for travellers and hotel chains and in next couple of years, it is estimated to be in the top five destinations in the world. Hence, if Hotel Management as a career is playing in your mind, the time is right to delve into it, irrespective of how much the hotel management course fees are.