IIM Indore provides Need-Based Financial Assistance (NBFA) to PGP/ IPM students with annual family income below INR 9 lakh who are eligible to apply for financial aid. The objective of the Need-Based Financial Assistance (NBFA) at IIM Indore is to ensure that no participant is deprived of education at the institute for financial reasons. The NBFA Committee undertakes a two-step process for deciding the number of awardees and quantum of aid.

IIM Indore Scholarship FAQs

Given below are the FAQs about scholarship offered at IIM Indore:

Q:   Does IIM Indore offer scholarships?
A:

IIM Indore provides Need-Based Financial Assistance (NBFA) to PGP, PGP HRM (PGPH) and Integrated Programme in Management (IPM) students with annual family income below INR 12 LPA. The objective of the Need-Based Financial Assistance (NBFA) at IIM Indore is to ensure that no participant is deprived of education at the institute for financial reasons. 

Q:   Who is eligible for Need-Based Financial Assistance (NBFA) at IIM Indore?
A:

The students admitted to the Post-Graduate Programme in Management (PGP), PGP HRM (PGPH) and Integrated Programme in Management (IPM) with annual family income below INR 12 LPA are eligible to apply for financial aid. Eligible applicants who wish to apply for the IIM Indore NBFA may apply in the prescribed form as available in PGP/IPM Office.  It is important that they apply in the form taken from the respective PGP/IM Office only. All participants who have applied through the EWS quota but have secured the seat through general or any other quota can also apply for NBFA. Any participant who has applied through SC, ST, OBC or physically handicapped quota and falls within the above eligibility criteria can also apply for the NBFA.

Q:   Is there any scholarship available for IIM Indore 5 year integrated program?
A:

IIM Indore gives scholarships for its five-year integrated programme. These scholarships are based totally on advantage and other standards including educational performance, front examination ratings, and monetary need. The precise scholarships, eligibility necessities, and application approaches may also range, and it's miles really helpful to refer to the professional website of IIM Indore or contact the institute directly for particular records on the to be had scholarships and their software methods.

Q:   Is IIM Indore costly?
A:

Find below IIM Indore fee for all courses as per an unofficial source:

Course NameTotal Tuition Fee
PGPINR 17.2 Lacs - INR 20 lakh
EPGPINR 7.50 Lacs - INR 17.60 lakh
FPMINR 9,80,000 lakh
CertificateINR 90,000 - INR 2.5 lakh

Reviews (Showing 6 of 240 reviews)

Overall Rating (Out of 5)

4.3

Based on 228 Verified Reviews

Distribution of Rating

Component Ratings (Out of 5)
Placements
4.2
Infrastructure
4.4
Faculty & Course Curriculum
4.4
Crowd & Campus Life
4.5
Value for Money
4.1
The Verified badge indicates that the reviewer's details have been verified by Shiksha, and reviewers are bona fide students of this college. These reviews and ratings have been given by students. Shiksha does not endorse the same. Out of 240 published reviews, 224 reviews are verified.
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V
Vikash Kumar | Post Graduate Program in Management (PGPM) - Batch of 2021
Reviewed on 14 Mar 2026
Verified
4.2
Placements 4 Infrastructure 4 Faculty & Course Curriculum 4 Crowd & Campus Life 5 Value for Money 4
What will you exactly miss if you miss this college.

Placements: The placement here is outstanding. You can expect a placement record of 100%. All the students of all the branch gets good amount of package during their placement process. Some of them get hired by an international company with travel accommodation. The median salary is always 15 LPA. The highest goes upto 50 LPA and above that.

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H
Hardik bhardwaj | Post Graduate Program in Management (PGPM) - Batch of 2026
Reviewed on 18 Dec 2025
Verified
4.6
Placements 4 Infrastructure 5 Faculty & Course Curriculum 4 Crowd & Campus Life 5 Value for Money 5
I like my college and our professors.

Placements: Our college is a government management institute. It provides a high number of placements at different companies like Adani Group, Reliance Industries, Tata Consultancy Services, etc., with a good package of 10 to 30 LPA. In our institution, a good internship programme is held every year.

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S
Shriya Jain | Post Graduate Program in Management (PGPM) - Batch of 2020
Reviewed on 18 Aug 2025
Verified
3.4
Placements 4 Infrastructure 3 Faculty & Course Curriculum 3 Crowd & Campus Life 4 Value for Money 3
Post graduate program in management at IIM Indore.

Placements: The placement offered simply differs from one discipline to another usually it depends upon the placement office's efforts. Some of the recruiters had a stable relationship with the college for active recruitment. Cognizant and BCG were the top recruiters offering the highest package above 9 LPA.

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S
Shriya jain | Post Graduate Program in Management (PGPM) - Batch of 2025
Reviewed on 22 Jul 2025
Verified
3.8
Placements 4 Infrastructure 4 Faculty & Course Curriculum 4 Crowd & Campus Life 3 Value for Money 4
IIM Indore has a big name, but inside, it's not good, and there is no support.

Placements: Almost all students got placed, more than 95%. The highest package is around 50 LPA, the lowest is 10 LPA, and the average is around 25 LPA. Big companies like BCG, Deloitte, and Accenture visit our college. Many students got internships in banks and consultancies. Roles offered are analyst and manager. It's quite good.

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P
Pranav Awasthi | Post Graduate Program in Management (PGPM) - Batch of 2024
Reviewed on 22 Jun 2025
Verified
4.0
Placements 4 Infrastructure 4 Faculty & Course Curriculum 4 Crowd & Campus Life 4 Value for Money 4
My review about this college.

Placements: Placement was guaranteed by them as they made sure that each of us was given proper in-depth knowledge and training regarding management. Various top recruiters placed students in different segments. It provides jobs in various sectors such as manufacturing sector, IT, etc. Our institute holds a good placement record by placing various students in reputed organizations at good salary packages. Some of the key companies consulting like Mckinsey, BCG, Accenture, Deloitte, PwC, KPMG, E&Y, FMCG like...

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S
Shriya Jain | Post Graduate Program in Management (PGPM) - Batch of 2021
Reviewed on 16 May 2025
Verified
4.4
Placements 4 Infrastructure 5 Faculty & Course Curriculum 4 Crowd & Campus Life 5 Value for Money 4
IIM Indore College review.

Placements: The percentage of students placed in our college was 85%. The highest package was 84 LPA, and the lowest package was 9 LPA. Top companies that came to our college were Tata, Navi, Microsoft, etc. The percentage of students who got internships was 85%, and the top role offered in my course was 17 per year.

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Answered 2 years ago

There is need-based financial assistance offered to the students of IPM at IIM Indore. Below is the criteria for scholarship:

  • All participants admitted to the IPM programme with annual family income below INR 12, 00,000 are eligible to apply for financial aid.
  • Eligible applicants who wish to apply for

...Read more

N

Nishtha Shukla

Guide-Level 15

Answered 2 years ago

Candidates can refer to the IIM Indore's scholarships and confirm from the IIM Indore Mumbai Campus whether they are eligible for the same or not. The below-mentioned are scholarships provided by the IIM Indore:

Scholarships
Ministry of Social Justice and Empowerment –- Central Sector Scholarship for SC StudentsMinistry of Tribal Affairs – Central Sector Scholarship for ST StudentsIDFC FIRST Bank MBA Scholarship
Aditya Birla Group Scholarship--

L

Liyansha Jain

Contributor-Level 10

Answered a week ago

Under the 'Full-Time MBA category for Asia', IIM Indore has been ranked 23rd by the QS World University Rankings 2026. Indian Institute of Management Indore was also ranked in the band of 151 - 200 in the category of 'Master's in Management'. 

R

Rashmi Sinha

Contributor-Level 10

Answered 3 weeks ago

Candidates can check below the total tuition fee of IIM Indore courses: 

Courses 

Total Tuition Fee 

Certificate 

INR 90,000- 2.5 lakh 

MBA

INR 17.3 lakh- 20 lakh 

FPM 

INR 9.8 lakh 

IPM 

INR 35 lakh 

Note: This number is taken from the official sources of college. It can change.

R

Raj Priya

Contributor-Level 10

Answered 3 weeks ago

Yes, candidates can get admission in IIM Indore without CAT for two programmes: Integrated Programme in Management (IPM) and Executive Post Graduate Programme in Management (EPGP). Admission into IPM is based on the IPMAT (Integrated Program in Management Aptitude Test), followed by a Written Abilit

...Read more

R

Raj Priya

Contributor-Level 10