This letter is personal. Enter the application number from your offer email and we’ll take you straight in.
Your application number (for example MUSB-C8-123456 or MUYLC-C3-123456) is in your offer email. Can’t find it? Message your Admissions Buddy and they’ll sort it in a minute.
YOUR OFFER
Dear you,
It’s a yes.
You’re in. PGP TBM, Cohort of ’28. Here is everything you need, in one place.
Inside your letter
✦Your scholarship, applied to your tuition
✦A personalised career report, built around your profile
✦Meet the Class of ’26: 14 founders and 9 CAs from five countries
✦Startup Weekend, 23rd to 25th October
✦Your Admissions Buddy
About a ten-minute read.
Classes begin June 2027, Gurugram.
A personal note from our founder
Pratham has a few words for you.
He went through your application and heard how your interview went. In this message he tells you what stood out to him, and what Masters’ Union could mean for the road you are on.
Recorded for you, and no one else.
Where our alumni are nowFrom the 5 Year Alumni Report, 2021 to 2025
700+alumni, five cohorts₹33.39 lakhaverage CTC, Class of ’25₹1.28 crorehighest CTC, Class of ’253.03xsalary jump after the programme630students placed, 2021 to 20251.42offers per student30+alumni startups₹593 crorecombined startup valuation30+unicorns employ our alumni11alumni chapters, India & UAE700+alumni, five cohorts₹33.39 lakhaverage CTC, Class of ’25₹1.28 crorehighest CTC, Class of ’253.03xsalary jump after the programme630students placed, 2021 to 20251.42offers per student30+alumni startups₹593 crorecombined startup valuation30+unicorns employ our alumni11alumni chapters, India & UAE
These are the people on campus right now, the PGP TBM Class of ’26. When you arrive they will be your seniors, your first mentors and the start of your network. This is the kind of room Masters’ Union builds, and the kind you will walk into.
23Indian states
95Districts
190Pin codes
5CountriesIndia, Nepal, Qatar, UK & UAE
People behind the numbers
A room of founders, finance professionals and chartered accountants, each bringing real-world experience to the classroom.
14Founders
9CAs
2ACCAs
3CFAs
₹11.3 lakhAverage salary before joining
Where experience comes from
Technology32%
Financial Services20%
Consulting16%
Consumer & E-commerce12%
Manufacturing8%
Others12%
The classrooms they come from
IIM AhmedabadIIT DelhiIIM BangaloreIIT BombaySRCCIIM CalcuttaUniversity of MichiganIIT MadrasImperial College LondonBITS PilaniUniversity of GlasgowIIT KanpurDelhi UniversityUniversity of LiverpoolUniversity of BirminghamUniversity of ManchesterIIM AhmedabadIIT DelhiIIM BangaloreIIT BombaySRCCIIM CalcuttaUniversity of MichiganIIT MadrasImperial College LondonBITS PilaniUniversity of GlasgowIIT KanpurDelhi UniversityUniversity of LiverpoolUniversity of BirminghamUniversity of Manchester
Different backgrounds. Shared ambitions. One classroom.
Merit scholarshipScholarships
0%
✦
off your tuition fee
decided when your application is evaluated
That is—off your tuition, over the programme
Based onYour application, MU‑BAAT and personal interview
your scholarshipyour offer
Awarded to you.Scholarships & Fellowships
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.
At Masters’ Union University, tuition scholarships are awarded by the Admissions Panel based on a holistic evaluation of each candidate’s application, MU‑BAAT performance (where applicable), and personal interview. Scholarship decisions for this admissions round have now been finalised, and your current admission offer does not include a tuition scholarship.
Should additional scholarships become available through our partners or donors, all admitted students will be automatically considered for eligibility. If you qualify for an award, our Admissions Office will reach out to you directly. No separate application is required.
Beyond tuition scholarships, students also have the opportunity to apply for Founder Fellowships of up to ₹6 lakh after joining Masters’ Union University. These fellowships recognise and support select students who demonstrate significant progress in building 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.
made for you
Your career report.
Our team studied your profile and mapped where you stand today, the paths open to you and what to build first. It is yours to keep, and worth reading well before you arrive in June.
Three days to build a startup idea with your team and pitch it live to a jury. If you join us for Startup Weekend, Friday and Sunday are mandatory. Saturday is optional.
Fri, 23rd Oct10:00 AM to 12:30 PMVirtual
Sat, 24th Oct10:00 AM to 8:00 PMOn campusOptional
Sun, 25th Oct10:00 AM to 9:00 PMOn campusPitch day
Fill in the form by23rd October
Friday is virtual: you meet your team and get your problem statement. Sunday is pitch day on campus, with masterclasses, your live pitch and dinner with the leadership team. Saturday is optional: a day of student life on campus with the Mock Stock Simulation, the Harvard Business Simulation and the Maker’s Lab. Venue: Masters’ Union campus, Gurugram · Map ↗︎ · See the full agenda ↗︎
How refunds workPartially refundable · programme starts June 2027+
Withdraw 60 or more days before the programme starts₹40,000 refunded
Withdraw 45 to 59 days before the programme starts₹20,000 refunded
Withdraw less than 45 days before the programme startsNo refund
beyond gurugram
The world is part of the syllabus.
Optional Bharat and international immersions take the cohort inside leading businesses and institutions, from boardrooms across India to campuses like SDA Bocconi in Milan and Imperial College London.
5 destinations · swipe or use the arrows
✦ Both immersions are optional, and there is no need to decide now. Hover over or tap a destination to see what happens there.
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.
02
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
03
Document 03 · No scholarship
Your tuition fee
You pay your tuition once, in full. Pay by the Early Bird deadline for 12.5% 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 12.5% Early Bird discount
Tuition fee structure | 12.5% 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 12.5% Early Bird discount. Full payment required.
Full tuition fee in one payment, at the normal fee, without any Early Bird discount.
Tuition Fee (INR)
₹37,66,692
₹37,66,692
Early Bird Discount (12.5%)
− ₹3,76,669
—
Total Fee Payable (INR)
₹33,90,023You save ₹3,76,669
₹37,66,692
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.
04
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.
i
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
!
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.
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 12.5% 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.
05
Document 05 · Optional
Hostel
Bookings are now open. Where you can live during the programme, what it costs and how to book.
Our residences
Flock and Brickspaze are home to over 250 students from the current batch.
ResidenceLocationFrom campus
FlockSector 4025 min
BrickspazeDLF Phase 315 min
Your final residence may differ, depending on availability. Every residence is at a similar distance from campus, with comparable amenities and living standards.
What every residence has
High-speed WiFi
Air-conditioned rooms
Housekeeping: rooms daily, washrooms weekly
24/7 power backup (non-AC)
Basic gym
Cafeteria
Pool, table tennis, chess and board games
Lounge areas
Rooms
StandardNon-balcony rooms
Front balconyLimited availability
Back balconyLimited availability
Balcony rooms are allotted first come, first served.
Shuttle to campus
Morning8:00 AM and 10:00 AM, from every hostel to campus
Evening7:00 PM and 9:00 PM, from campus to every hostel
Fees, for 12 months
Single roomDouble room
Hostel fee, including GST and shuttle₹6,45,000₹3,69,000
With 10% Early Bird discount₹5,80,500₹3,32,100
Security deposit, fully refundable₹50,000₹50,000
Food and electricity are not included, and are billed on actual use. Hostel charges are the same at every residence.
How to book
Option 1 · Early Bird
Pay the ₹50,000 security deposit by 30th November 2026, then the hostel fee with the Early Bird discount by 31st December 2026.
Option 2 · Regular
Pay the ₹50,000 security deposit by 1st May, then the hostel fee by 25th May.
The hostel booking and payment link will be shared separately.
Good to know
Rooms are allotted in the order security deposits are received.
Your residence is confirmed once the full hostel fee is received.
The deposit is returned when you move out after 12 months, subject to standard exit formalities.
YLC students can choose to extend beyond 12 months. Options are shared closer to the end of the stay.
Booking closes once all rooms are taken.
Questions about the hostel
Student Affairs, 11:00 AM to 3:00 PM, on call or WhatsApp:
These documents are specific to your admission offer. For any questions on fees, payments or immersions, reach out to your Admissions Buddy, Disha Rastogi.
