Understanding the Average Monthly Expenses for TISS HR LM Students in Mumbai

The Tata Institute of Social Sciences (TISS) Human Resource Management and Labour Relations (HR LM) program in Mumbai is a sought-after academic opportunity for those aspiring to build careers in human resource and labour relations. Here is a breakdown of the average monthly expenses for students in this program, taking into account various factors such as tuition fees, accommodation, food, and other miscellaneous expenses.

Tuition Fees

The annual tuition fees for the TISS HR LM program range between approximately 70,000 to 80,000 Indian Rupees (INR), translating to a monthly expense of about 5,800 to 6,600 INR. These fees can differ based on the economic environment and the specific year of the program.

Accommodation

Accommodation expenses can vary significantly based on whether you live on or off-campus.
On-campus hostels: Available to all second-year students, the cost typically ranges from 4,000 to 8,000 INR per month. Off-campus rental: For first-year students, the cost can range from 10,000 to 25,000 INR per month, depending on the location and amenities.

Food

Food expenses are a significant part of your budget. You can opt for the Dining Hall membership, which covers four meals a day at a monthly cost of around 3,000 INR. Alternatively, you can cook at home or eat out, which can vary from 3,000 to 6,000 INR per month.

Transportation

Transportation costs can range from 1,000 to 3,000 INR per month depending on the mode of transport (local trains, buses, etc.). You may also incur additional transportation costs for fieldwork days, which are held twice a week.

Miscellaneous Expenses

Miscellaneous expenses include costs for books, stationery, entertainment, and other personal items. These can range from 2,000 to 5,000 INR per month.

Estimated Total Monthly Expenses

Low End: On average, if you live on campus and have minimal expenses, your total monthly expenses can range from 16,800 to 18,400 INR.
High End: If you live off-campus with higher rental and personal expenses, your total monthly expenses can range from 42,000 to 45,600 INR.
Average: A reasonable estimate for average monthly expenses, combining fees and pocket expenses, is around 25,000 to 30,000 INR.

It's important to note that these figures can fluctuate based on individual choices and the economic environment. For the most accurate and updated information, always consult with current students or the administrative office at TISS.

Key Takeaways:

Tuition fees for TISS HR LM program range from 70,000 to 80,000 INR per year. Accommodation costs on-campus range from 4,000 to 8,000 INR per month, with off-campus options ranging from 10,000 to 25,000 INR per month. The average Dining Hall membership for food costs around 3,000 INR per month. Transportation can range from 1,000 to 3,000 INR per month, with additional costs for fieldwork days. Miscellaneous expenses for books, entertainment, etc., can be from 2,000 to 5,000 INR per month.