The MBA program fees at IIMs span from INR 16,10,000 to INR 27,00,000 for its flagship PGP course which includes tuition, accommodation, and much more. However, the leading IIM colleges in Ahmedabad, Bangalore, and Calcutta range between INR 25,00,000 to INR 27,00,000 for their MBA programs. If you are someone who is exploring IIM MBA fees then let’s have a look at the fee structure, scholarships, and placements that IIM has to provide.
The IIM MBA views management as an integrated process, a two-year full-time residential program that helps students develop a global perspective and respond appropriately to changes in the economic, technological, cultural, and political environment. Specific skills in areas such as accounting, finance, marketing, management, and administration are essential for this course.
Admission to IIMs is based on the CAT, a national-level management entrance exam conducted once a year. Although IIMs offer reasonable admissions, the boost in the IIM MBA fee structure in recent years has made candidates think twice before opting for MBA admissions in these institutes. Let's take a closer look at the IIM India Fees 2024:
|
S.No |
IIM's Institute Name |
Total Fees |
|---|---|---|
| 1. |
INR 16,00,000 |
|
| 2. |
INR 24,61,000 |
|
| 3. |
INR 15,50,000 |
|
| 4. |
INR 27,00,000 |
|
| 5. |
INR 17,15,000 |
|
| 6. |
INR 21,14,000 |
|
| 7. |
INR 20,50,000 |
|
| 8. |
INR 17,30,000 |
|
| 9. |
INR 18,00,000 |
|
| 10. |
INR 20,70,000 |
|
| 11. |
IIM Ranchi |
INR 17,50,000 |
| 12. |
INR 16,10,000 |
|
| 13. |
INR 17,60,000 |
|
| 14. |
INR 13,08,000 |
|
| 15. |
INR 19,00,000 |
|
| 16. |
INR 17,58,000 |
|
| 17. |
INR 21,00,000 |
|
| 18. |
INR 17,50,000 |
|
| 19. |
INR 27,00,000 |
Any aspirant interested in management training at the top IIMs or Executive MBA at IIMs pays attention to IIM MBA Fees and IIM Placements. Every aspiring candidate is well aware of the high IIM MBA fee structure, which includes lodging and boarding as well as other expenses IIM Fees for an MBA through CAT 2024 include the following factors:
Now that we know all the existing components included in the IIM MBA fee structure, let’s have a look at some of the top IIM MBA fee structures.
At IIM Ahmedabad, the MBA program fee is different for singles and married couples. IIM Ahmedabad payment details are as follows:-
|
MBA Program Phase |
Single Students |
Married Couples |
|---|---|---|
|
1st Commitment |
INR 2,00,000 |
INR 2,00,000 |
|
2nd Commitment |
INR 12,00,000 |
INR 12,00,000 |
|
Balanced Course Fee |
INR 16,00,000 |
INR 18,00,000 |
|
Refundable Amount |
INR 70,000 |
INR 35,000 |
At IIM Bangalore, students have to pay a confusion fee of INR 30,000 per semester. Other details about the MBA course fees at IIM Bangalore are as follows:
|
Particulars |
Fee Amount |
|---|---|
|
2 year MBA fee |
INR 24,50,000 |
|
Caution deposit for Hostel |
INR 5,000 |
|
Cautious deposit |
INR 15,000 |
The fee for the IIM Calcutta MBA program is INR 31,00,000 which students have to pay in four installments. The table below contains the details of the fee structure of IIM Calcutta:
|
Particulars |
Fee Amount |
|---|---|
|
Commitment fee at seat acceptance |
INR 2,00,000 |
|
2nd installment |
INR 10,00,000 |
|
3rd installment |
INR 10,00,000 |
|
4th installment |
INR 9,00,000 |
|
Security deposit |
INR 60,000 |
The total fee for the 2-year MBA program at IIM Rohtak is INR 17,90,000 which is paid in 6 installments at the beginning of each semester. IIM Rohtak fee details are given below:-
|
Year |
Term 1/4 Fee |
Term 2/5 Fee |
Term 3/6 Fee |
Total |
|---|---|---|---|---|
|
Year-1 |
INR 3,55,000 |
INR 2,70,000 |
INR 2,70,000 |
INR 8,95,000 |
|
Year-2 |
INR 3,55,000 |
INR 2,70,000 |
INR 2,70,000 |
INR 8,95,000 |
Financial aid and MBA scholarships at IIMs can vary depending on the IIM you are considering, the MBA program you are applying for, your qualifications, and ultimately the actual IIM MBA fee structure. IIMs offer financial benefits to help deserving candidates pursue an MBA without financial constraints. These scholarships are available to candidates from financially weak backgrounds. Each IIM may have its policies and offerings regarding financial aid and scholarships.
Let’s have a look at the types of Scholarships IIM has for its MBA program along with its eligibility criteria:-
|
S.No |
Types of Scholarship |
Details and Eligibility Criteria |
|---|---|---|
| 1. |
Merit-Based Scholarships |
|
| 2. |
Need-Based Scholarships |
|
| 3. |
Fellowship Programs |
|
| 4. |
Corporate Scholarships |
|
Read More:- IM MBA ELIGIBILITY CRITERIA: FEES, CUT-OFF - 2024
We all are well aware of the IIM MBA fee of this 2-year course but it also comes along with a great placement opportunity for the candidates with good scores to bag any high-paying job easily. Let's have a look at some of the top IIM MBA salary packages:
|
IIM Centre |
Average Annual Salary |
Highest Annual Salary |
|---|---|---|
|
IIM Bangalore |
INR 35,31,000 |
INR 80,00,000 |
|
IIM Ahmedabad |
INR 34,00,000 |
INR 1,15,00,000 |
|
IIM Calcutta |
INR 35,07,000 |
INR 1,20,00,000 |
|
IIM Lucknow |
INR 31,03,000 |
INR 1,23,00,000 |
|
IIM Indore |
INR 40,50,000 |
INR 1,00,00,000 |
Navigating the IIM MBA fees and other important factors affecting it is an important aspect for every aspirant. While IIM fees for an MBA may seem high, the value proposition offered by IIMs in terms of education, networking, and career opportunities is unmatched.
