If you’re an Indian student considering a Master’s in Management (MiM) from Northwestern University’s Kellogg School of Management, one of your first questions is probably: How much does it cost? And let’s be honest—tuition fees at a top-tier U.S. business school can make your bank balance cry a little.
Kellogg is a dream school for many, known for its strong focus on leadership, networking, and business education. But before you take the plunge, it’s crucial to understand the financial investment involved. In this blog, I’ll break down the Kellogg MiM fees, living costs, and ways Indian students can fund their education—including scholarships, loans, and potential earnings after graduation.
So, grab a cup of chai, and let’s dive right into the numbers.
Kellogg MiM Fees Breakdown
Let’s get straight to it—How much does the Kellogg MiM cost?
Official Tuition Fees (2024)
The tuition fee for the Kellogg Master in Management (MSMS – Management Studies) program is approximately $62,800 for one year.
In INR? That’s roughly ₹52.2 lakh (considering $1 = ₹83).
Additional Costs
Apart from tuition, there are some mandatory fees you’ll need to budget for:
| Expense | Cost (USD) | Cost (INR) |
|---|---|---|
| Tuition Fee | $62,800 | ₹52.2 lakh |
| Health Insurance | $4,000 | ₹3.3 lakh |
| Books & Course Material | $2,000 | ₹1.65 lakh |
| Student Activity Fee | $1,200 | ₹1 lakh |
| Miscellaneous Fees | $1,500 | ₹1.2 lakh |
| Total Estimated Cost | $71,500 | ₹59.3 lakh |
That’s a big number, right? But wait—this doesn’t even include living expenses (which we’ll cover in the next section).
Hidden Costs to Keep in Mind
- Flight tickets (~₹1.5 lakh round trip)
- Visa & SEVIS fee (~₹45,000)
- Emergency expenses (always keep a buffer of at least $2,000)
For Indian students, this means a total estimated budget of ₹75-80 lakh for the entire year—including tuition, living costs, and additional expenses.
Cost of Living in Evanston (Chicago Area)
Now that we’ve covered tuition, let’s talk about the cost of living—something many students underestimate when planning their budget. The Kellogg School of Management is located in Evanston, Illinois, a beautiful but expensive suburb near Chicago.
Estimated Living Costs for Kellogg MiM Students
Here’s what you can expect to spend on accommodation, food, and daily life:
| Expense | Cost Per Month (USD) | Cost Per Year (USD) | Cost in INR (Yearly) |
|---|---|---|---|
| Rent (shared apartment) | $1,200 – $1,500 | $14,400 – $18,000 | ₹12 – 15 lakh |
| Food & Groceries | $400 – $600 | $4,800 – $7,200 | ₹4 – 6 lakh |
| Transportation (CTA + Ubers) | $100 – $150 | $1,200 – $1,800 | ₹1 – 1.5 lakh |
| Health Insurance | $4,000 (mandatory) | $4,000 | ₹3.3 lakh |
| Miscellaneous (phone bill, shopping, entertainment) | $200 – $400 | $2,400 – $4,800 | ₹2 – 4 lakh |
| Total Estimated Cost | $2,000 – $2,600 | $24,000 – $31,800 | ₹20 – 27 lakh |
Total Cost of Tuition + Living Expenses? ₹75 – 85 lakh for a one-year program.
That’s quite an investment! But the good news? There are multiple ways to finance your Kellogg MiM, and we’ll discuss them next.
How Do Students Finance Their Kellogg MiM Fees?
If you’re thinking, “How on earth do students afford this?”—you’re not alone!
Most students don’t pay the entire amount upfront. Here’s how they fund their Kellogg MiM:
Scholarships & Grants at Kellogg
Kellogg offers limited scholarships for international students. These are mostly merit-based and need-based. Some popular options include:
Kellogg Merit Scholarships – Based on academic excellence and leadership potential.
Global Impact Scholarship – For students committed to making a social impact.
External Scholarships – Indian students can apply for J.N. Tata Endowment, Inlaks Foundation, and KC Mahindra Scholarships.
💡 Pro Tip: Start applying for scholarships at least 6-8 months in advance—competition is tough!
Education Loans for Indian Students to finance Kellogg Mim fees
Most Indian students take an education loan to finance their studies. The best options include:
| Bank/Lender | Loan Amount | Interest Rate | Collateral Required? |
|---|---|---|---|
| SBI Global Ed-Vantage | ₹1.5 Cr max | 10.5% – 11.5% | Yes |
| HDFC Credila | ₹50L – ₹1 Cr | 10% – 12% | Yes/No (depends) |
| Axis Bank Education Loan | ₹40L – ₹75L | 11% – 13% | Yes |
| Prodigy Finance | Upto ₹75L | 11% – 14% | No (for select colleges) |
🔹 Tip: Check if the bank covers living expenses too—not just tuition!
Part-Time Work & On-Campus Jobs
International students on an F-1 visa can work up to 20 hours per week on campus. Some popular student jobs at Kellogg:
Teaching Assistant (TA) – Earn up to $20/hour
Library/Administrative Jobs – Pays $12-$15/hour
Research Assistant (RA) – Work with professors and earn a stipend
While off-campus jobs are restricted in the first year, students can work full-time during summer internships, earning $5,000 – $8,000 per month.
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Kellogg MiM ROI: Employment and Salary Expectations
Now comes the big question—Is the Kellogg MiM worth the investment?
Let’s look at the employment stats from Kellogg’s MiM Employment Report:
| Metric | Kellogg MiM Stats |
|---|---|
| Placement Rate (within 3 months) | 95% |
| Average Starting Salary | $85,000 – $100,000 (~₹70-83 lakh) |
| Top Recruiters | McKinsey, BCG, Amazon, Google, Microsoft, Bain |
| Popular Industries | Consulting, Tech, Finance, Marketing |
💰 Key Insight: Most students recover their investment within 3-4 years post-graduation!
For Indian students, working in the U.S. after graduation is crucial. Kellogg MiM qualifies for STEM OPT, which means you get up to 3 years of work authorization without needing an H-1B visa immediately.
Is Kellogg MiM Worth It for Indian Students?
If you’re aiming for top-tier companies, international exposure, and strong career growth, then Kellogg MiM is a solid investment.
Also Refer to: Is Kellogg MiM really worth it?
The high tuition + living costs might seem scary, but with scholarships, loans, and a high-paying job post-graduation, students manage to recover it quickly.
However, if your goal is to stay in India post-graduation, the return on investment (ROI) may not be as strong as other European MiM programs (like HEC Paris, LBS, or ESSEC).
Final Verdict?
If you’re a high-achieving student looking for a global career in consulting, tech, or finance, Kellogg MiM is 100% worth it.
FAQs About Kellogg MiM Fees
1. How much does it cost to go to Kellogg’s MiM?
The total cost for Kellogg’s MiM (MSMS) program is approximately $71,500 (₹59.3 lakh) for tuition, plus $24,000 – $31,800 (₹20 – 27 lakh) for living expenses. Expect to spend ₹75 – 85 lakh in total.
2. Is Kellogg MiM STEM-certified?
Yes. Kellogg’s MS in Management Studies (MSMS) program qualifies for STEM OPT, meaning international students can work in the U.S. for up to 3 years without needing an H-1B visa immediately.
3. Is it hard to get into Kellogg’s MiM?
Yes, Kellogg MiM is highly competitive, with an acceptance rate of around 10-15%. A strong academic record, high GMAT/GRE score, work experience, and excellent essays improve your chances.
4. How can I go to Kellogg School of Management from India?
Steps to apply from India:
- Complete your bachelor’s degree (strong GPA preferred)
- Take the GMAT/GRE (if required)
- Prepare a solid SOP & LORs
- Apply through Kellogg’s online portal
- Ace the interview if shortlisted
5. Can I get into Kellogg without GMAT?
Yes, but only if you apply with a strong alternative (GRE, exceptional academics, or work experience). Kellogg has waived GMAT/GRE for some applicants in recent years, but it’s recommended to submit a competitive score.
6. Which is better: Kellogg School of Management or MIT Sloan?
This depends on your career goals.
- Kellogg is stronger in marketing, strategy, and consulting.
- MIT Sloan is better for tech, analytics, and entrepreneurship.
Both are top-tier B-schools, so the right choice depends on your industry and long-term goals.
