M.Phil is a 1-year course which aims in building recognizable, indigenous skills among the postgraduates. It helps the graduates in overcoming technical issues and difficulties and helps in providing them a stand in a crowd. The approximate average fee is around 40K, which may change depending upon the type of the institute.

After the completion of the course, the starting package offered is around 3-4 lacs per annum which only further increases with expertise and experience.

Hope this helps and all the best for your future endeavors.