It’s a yes.

You’re in. PGP Technology & Business Management, Class of ’27. Here is everything you need, in one place.

Inside your letter

✦Your scholarship, applied to your tuition
✦A career report prepared for you
✦The Class of ’26: 14 founders, 9 CAs, five countries
✦Startup Weekend on campus, 15th March
✦Your Admissions Contact

About a ten-minute read.

Classes begin June 2027, Gurugram.

Awarded to you.How scholarships work

In recognition of your application, the scholarship committee has awarded you a 25% merit scholarship on your tuition. Every tuition figure you see in this letter already includes it.

Scholarships at Masters’ Union are decided by the admissions panel when each application is evaluated, based on the application, the MU‑BAAT and the personal interview. The scholarship pool for this admissions round has been fully allocated, so your offer does not include a tuition scholarship.

If new scholarships or sponsored awards become available later, through our partners or donors, our team reviews every admitted student automatically and will contact you directly if you become eligible. There is nothing you need to do or follow up on.

Once you join, you can also apply for Founder Fellowships of up to ₹6 lakh, awarded to a small group of students who make significant progress on their ventures during the programme.

✦

Applied automaticallyThere is nothing to fill in or follow up on.

✦

Reviewed automaticallyIf new scholarships or sponsored awards become available later, through our partners or donors, our team reviews every admitted student automatically and will contact you directly if you become eligible. There is nothing you need to do or follow up on.

✦

Founder Fellowships, up to ₹6 lakhIf you build a venture during the programme, you can apply for a grant. It goes to a select group who show real progress.Once you join, you can also apply for Founder Fellowships of up to ₹6 lakh. They are awarded to a small group of students who make significant progress on their ventures during the programme.

Stay connected & share the news.

Two real people, one tap away, and the links that keep you in the loop.

See you on campus.

Warm regards,Pratham MittalFounder, Masters’ Union

Made for you · PGP TBM · Class of ’27 · Gurugram

Open the social kit ↗

mastersunion.org

MASTERS’ UNION · PGP TBM

your documents

Fees & Documents

Everything you need to confirm your seat: the full fee structure, how the payments are scheduled and the optional immersions.

PGP TBM · No scholarship

Document 01 · Start here

Confirm your seat, in order

Exactly what to do, with every amount and deadline. Work down the list.

Step

What you need to do

Amount (INR)

Deadline / Notes

Confirm your offer – Reply to this email and let us know if you are accepting the offer.

–

28th October 2026

Pay your admission fee (partially refundable) to block your seat.

₹90,000

28th October 2026
This fee is separate from your tuition fee.

Pay your tuition fee – Early Bird option (with 10% discount, single payment).

₹33,90,025

18th November 2026
10% off your tuition fee.
Full payment in one go.
Your unique payment link will be shared once your ₹90,000 admission fee is received.

Pay your tuition fee – Regular option (single payment) without Early Bird discount.

₹37,66,694

25th April 2027
Choose this if you’re not opting for the Early Bird discount.
Your payment link will be shared after your ₹90,000 admission fee.

Review fee structure & payment options using the links here.

–

Breakup of the fee structure, and refund policy.
Payment scenarios, the two ways to pay your tuition, side by side.
After reviewing these, fill out the form to share your chosen payment scenario with the Admissions Office.

Steps 3 & 4, choose one

Important notes

Pay your tuition once: complete either step 3 or step 4, not both.
Immersions are optional and are not part of these payments. You do not need to choose or pay for one now. Details are in document 04, Immersions.
GST does not apply to the tuition fee or the admission fee, as Masters’ Union is registered with NSDC.

Document 02 · Admission fee

Admission fee and refunds

The ₹90,000 you pay to confirm your seat, and what comes back if you withdraw.

Note: The INR 90,000 admission fee is separate and is not included in your tuition fee.

Admission fee (Partially refundable)₹90,000/-

Withdrawal date (batch starts June 2027)Refund Amount

Withdraw 60 or more days before the programme starts₹90,000 - ₹50,000 = ₹40,000 (Refund)

Withdraw 45 to 59 days before the programme starts₹90,000 - ₹70,000 = ₹20,000 (Refund)

Withdraw less than 45 days before the programme starts₹0

Document 03 · No scholarship

Your tuition fee

You pay your tuition once, in full. Pay by the Early Bird deadline for 10% off, or by the regular deadline at the normal fee. Find the date you’ll pay by, the column below it is your fee structure.

Fee structure

EBD 1With 10% Early Bird discount

Tuition fee structure | 10% Early Bird discount

A1Without Early Bird discount

Tuition fee structure

Pay on or before

18th November 2026

25th April 2027

How you pay

Full tuition fee in one payment, with the 10% Early Bird discount. Full payment required.

Full tuition fee in one payment, at the normal fee, without any Early Bird discount.

Tuition Fee (INR)

₹37,66,694

Early Bird Discount (10%)

− ₹3,76,669

—

Total Fee Payable (INR)

₹33,90,025You save ₹3,76,669

₹37,66,694

The ₹90,000 admission fee is separate and not included in the amounts above. Total Fee Payable already accounts for any scholarship, if applicable.

Your full calculation, payment options and refund policy, for your records or a loan application.

Education loans

Our loan partners

Indicative terms, subject to each lender’s approval. Your offer PDF works as proof of admission.

Document 04 · Optional

Immersions

The optional Bharat and international immersions: what happens on each, when they run and what they cost.

Learning beyond the classroom

Bharat & international immersions

Time inside leading businesses, markets and institutions, across India and around the world.

Both immersions are optional. You do not need one to complete the PGP TBM programme, and you do not need to decide now.

International immersions

SDA BocconiSchool of Management · Milan

A week of sessions on strategy, decision-making, innovation, technology and sustainability at one of Europe’s leading business schools. Past cohorts have visited Dallara Automobili and a balsamic vinegar maker in Modena to see Italian craft up close.

TimelineJune or July 2028

Duration1 week

Cost₹5,00,000

Not includedFlights, visa, insurance and airport transfer costs

Imperial College LondonBusiness School · London

Three sessions on strategy and leadership, two on AI and applied technology, two on finance and fintech and one on marketing, ending with an investor pitch. Company visits to Deloitte, Burberry, Ripple and HSBC.

TimelineJuly to August 2028

Duration8 weeks

Cost₹18,00,000

Not includedFlights, visa, insurance, airport transfer, accommodation and meals

CUHK Business SchoolThe Chinese University of Hong Kong

A close look at China’s economy: three sessions on AI and technology, two on strategy and leadership, one on capital markets and one on supply chains, ending with a Greater Bay Area venture capstone. Company visits to HKEX, Alibaba, Tencent and HSBC.

TimelineAugust to November 2028

Duration10 weeks

Cost₹18,00,000

Not includedFlights, visa, insurance, airport transfer, accommodation and meals

Canton FairGuangzhou · global trade

A week at China’s largest trade fair, meeting suppliers and buyers from more than 150 countries and seeing how global sourcing really works.

TimelineOctober 2027 or April 2028

Duration1 week

Cost₹2,50,000

Not includedFlights, visa, insurance and airport transfer costs

Bharat immersion

Bharat Immersion (2 months)

7,000 km. 20+ cities. One mission: understand how India does business.

The Bharat Immersion is two months across India’s key business hubs, from Chandni Chowk in Delhi to Adani Enterprises in Ahmedabad, and from Dharma Productions in Mumbai to distilleries in Goa. India itself becomes your classroom.

Along the way, students:

Work on live projects with Indian startups, corporates and family businesses
Meet founders, CXOs, investors and policymakers in different cities and states
See firsthand how technology, regulation and culture shape business in each region
Build a deeper understanding of India’s markets, consumers and development challenges

TimelineJanuary to February 2028

Duration8 weeks

Cost₹8,00,000

Bharat Immersion route across India: Delhi NCR, Jalandhar, Mundra, Ahmedabad, Mumbai, Goa, Bengaluru, Darjeeling and Lucknow

No pressure to decide. You do not have to choose or pay for an immersion with this offer. If you would like to secure a seat early, you can pay its fee along with your tuition fee, as seats are limited. More seats may open later, and you can also choose an immersion during the programme. The Early Bird discount applies to the tuition fee only, not to immersion fees.

Download the immersion brochure (PDF)Every immersion, its fee and what is included, with these FAQs.

Immersion FAQs

Are immersions compulsory? Can I choose more than one?

No, they are optional. You can choose one or more, subject to seat availability and as long as their schedules do not clash.

Are the immersion dates final?

Not yet. The timelines are tentative and may change. We will tell you about any change in advance.

Do I need to pay for an immersion now?

No. You can secure a seat early by paying the immersion fee along with your tuition fee, as seats are limited. More seats may open later, and you can also choose an immersion during the programme, subject to availability. There is no pressure either way.

Does the Early Bird discount apply to immersions?

No. The 10% Early Bird discount applies to the tuition fee only. Immersion fees are separate and are not included in any tuition amount.

What does the immersion fee cover?

It varies by immersion, and each one lists what is not included. For international immersions, costs such as flights, visa, insurance, airport transfers, accommodation and meals may not be included.

How do I keep up with classes during an immersion?

You get recordings of the classes you miss, complete the set catch-up work and submit session summaries where required. Your academic credits and requirements are managed through the regular academic process.

Will I get a certificate?

Yes. When you complete an immersion, you receive a separate immersion completion certificate. It is independent of your academic transcript.

Can I take part in placements during an immersion?

Yes. You keep access to placement activities. If one falls during your immersion, you can take part remotely wherever possible.

What should I know about international travel?

Masters’ Union helps you with your visa application. Visa costs, accommodation and other travel expenses vary by immersion, as listed in each immersion’s details.

Is the immersion fee refundable if I withdraw after opting in?

It depends on whether the immersion goes ahead as planned. If the plan is unchanged, the immersion fee is not refundable. If Masters’ Union substantially changes or cancels the immersion, the applicable fee is refunded.

These documents are specific to your admission offer. For any questions on fees, payments or immersions, reach out to your Admissions Contact, Disha Rastogi.

Open your offer

It’s a yes.

Pratham has a few words for you.

Welcome aboard,

Five steps. That’s it.

Meet the
Class of ’26.

Awarded to you.How scholarships work

Your career report.

Profile insights

Academic roadmap

Prep roadmap

Entrepreneurship

Mentors picked for you

Get to know Masters’ Union.

Watch a few films

Read the reports

Startup Weekend.

Coming to campus is taken care of.

Your fee documents.

The world is part of the syllabus.