IIM Bangalore Fees for MBA | Check Fee Structure and Scholarships

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Abhishek
Abhishek Dhawan
Senior Executive – Editorial
Updated on May 24, 2022 17:46 IST

One of the topics which have been the talk of the town is the curiosity around IIM Bangalore fees. The article provides a quick overview of IIM Bangalore fee structure and Financial Aid Policies for PGP courses.

IIM Bangalore Fees: The Indian Institute of Management Bangalore (IIMB) is one of the premier institutes offering management studies in India. IIMB has been hailed as an Institute of National Importance under the 2017 IIM Act. IIM Bangalore has laid a history of hiking the programme fee for its flagship MBA programmes in past years. Shiksha brings you a breakdown of the fee structure for MBA at IIM Bangalore and the scholarships offered. The article will give you information on:

  • Annual course fees for PGP at IIM Bangalore
  • Components of IIM Bangalore fee structure
  • Scholarship schemes at IIM Bangalore

IIM Bangalore Fee Structure

The annual programme fee for the MBA course at IIM Bangalore for the academic year 2021–23 was INR 23 lakhs. The amount is inclusive of tuition fees and GST. The course fee for 2022-24 PGP programmes at IIM Bangalore is likely to be higher than 2021-23 batch fees.

Also Read: Fee structure of all the IIMs

IIM Bangalore Fee Structure for MBA (2021-2023 Batch)

Particulars

Fee (in INR)

IIM Bangalore MBA fee (2 years)

23, 00,000

Caution deposit (General)

15,000

Caution deposit (Hostel)

5,000

Mess Advance

30,000 (each semester)

IIM Bangalore Fees: Key Takeaways

  • Please note that the caution deposit is a one-time fee payable at the time of registration
  • IIM Bangalore fees indicated above include the hostel room rent for the first year. However, candidates can opt out and live off campus in the second year by making their own arrangements.
  • The fees indicated include tuition, library, internet, case permission royalty, course material, hostel room rent and service charge, medical insurance, personal accident insurance and alumni activity.
  • The above fee excludes Service Tax and any other tax. Tax will be collected from students as per the prescribed rates if made applicable by law.

Other Components of IIM Bangalore Fees

The IIM Bangalore course fee includes boarding and lodging as well as other expenses for services and utilities. IIM Bangalore MBA fees include the following expenses:

  • Tuition fee
  • Library
  • Books & Study material
  • Personal/Medical insurance
  • Internet
  • Royalty
  • Hostel Fee
  • Alumni Activity

Additionally, candidates will also have to deposit a General and Hostel Caution Fees of INR 15,000 and INR 5,000 respectively.

Financial Aid Policy at IIM Bangalore

IIM Bangalore offers financial aid and scholarships to aspirants in need, aiming to propagate management studies among all strata of candidates. Keeping this in mind, IIMB has instituted a Financial Aid Policy for aspirants willing to apply for MBA programmes at the institute.

Need based scholarships are offered to students with a family income below INR 8 LPA. The Financial Aid Committee undertakes a two step process to evaluate the awardees and the total amount of fee waiver to be given. The first step is to score a candidate basis the Annual family income and number of dependents in the family. On the basis of the score obtained, the candidate is further called for a panel discussion. The second step is to evaluate the candidate basis their score and PI round. Based on the weightage of both the scores, applicants are provided 20% to 100% of tuition fee waiver.

Furthermore, students at IIM Bangalore are also awarded several merit-based and merit cum need-based scholarships. Such scholarships are awarded to candidates on the basis of their performance during the course term. Enlisted below are the scholarships provided to students enrolled in MBA courses offered at IIM Bangalore:

Scholarship

Criteria

Aditya Birla Scholarship

An amount of IN R1.75 lakh is offered to PGP Students for both first and second years. Students who avail the scholarship benefit in the first year are eligible for renewal in the second year.

OPJEMS Scholarships

An amount of INR 1.50 lakh is offered to PGP students of the second year. First ten toppers of the second year are also eligible to apply basis of the online test conducted by OP Jindal group.

City Women’s Leader Awards

The scholarship covers the second year’s tuition fee. Students from the top 25 per cent of the first-year batch are selected basis of their SOP and PI conducted by the City Bank group.

Societe Generale Global Solution Centre India Scholarship

The scholarship covers the complete tuition fee of PGP programme. Candidates are selected basis their PI with the Society Generate.  

Siddhartha Padam Award

An amount of INR 50,000 is offered to a PGP student who is on the director's merit list and scores the highest CGPA in Economics, Finance & Accountancy core courses in the first year.  

IIMB PGP Alumni First Batch Scholarship  

INR 75,000, a medallion and certificate is offered to a differently-abled woman enrolled in PGP courses. The scholarship will be provided to a differently able male candidate if there is no such female candidate to claim the same.

Runwal Education Trust Scholarship

An amount of INR 1 lakh, a medallion and a certificate is offered to a PGP student based on their academic performance in the first year and their financial needs.

Hindustan Unilever/T Thomas Scholarship  

This is a merit cum means scholarship offered to one of the second year PGP students with an award of INR 1 lakh.

Yes Bank Scholarship

An amount of INR 2 lakh is offered to one of the top 20 students as per the admission criteria, who belongs to the top 20 per cent batch based on CGPA and are members of any of the student committee at IIM B

NTPC Scholarship

An amount of INR 48,000 is offered to reserved category candidates who are in their second year and have passed their first-year examinations in a single attempt.

Employment in Social Sector Scholarship

Awardees of this scholarship are entitled to reimbursement of one-third of the course fee at the end of each year of employment for the first three years in the social sector.

Ministry of Tribal Affairs Scholarships (ST)

The scholarship is offered to ST candidates of first-year PGP programmes. The following scholarship will cover the candidate’s tuition fee in full.

Ministry of Social Justice And Empowerment Scholarships (SC)

The scholarship is offered to SC candidates of first-year PGP programmes. The following scholarship will cover the candidate’s tuition fee in full.

Ministry of Social Justice And Empowerment (Department of Persons with Disabilities)

An amount of INR 2.55 lakh is offered to candidates with not less than 40% disability. Such candidates need to produce disability certificate.

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About the Author
Abhishek Dhawan
Senior Executive – Editorial

With a creative soul, Abhishek is inclined towards anything in the creative space be it drawing, painting, craft, or writing. He has been working in the ed-tech industry since he started his career. Besides creative... Read Full Bio

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