IIM Bangalore Fees for MBA (Latest): Check Fee Structure and Scholarships
IIM Bangalore fees have been talk of among MBA aspirants since its inception. The article provides a quick overview of IIM Bangalore fee structure and Financial Aid Policies for PGP courses.
Check IIM Bangalore Updated Fees for Flagship PGP Course Here
IIM Bangalore Fees: The Indian Institute of Management Bangalore (IIMB) is a leading management institute in India, recognised as an Institute of National Importance. For the 2024-26 academic cycle, the total fee for its flagship MBA program is INR 26 lakhs. IIM Bangalore fee includes the tuition fee, GST, and hostel room rent for the first year. To assist students in meeting these costs, IIM Bangalore also provides a range of financial aid options and scholarships based on both merit and financial need. IIM Bangalore has laid a history of hiking the programme fee for its flagship MBA programmes in past years. Scroll down for more details on IIM Bangalore fees, including the components included in the fee structure, and financial aids available for admissions at IIM Bangalore.
- IIM Bangalore Fee Structure
- Components of IIM Bangalore Fees
- Financial Aid Policy at IIM Bangalore
IIM Bangalore Fee Structure
The annual programme fee for the MBA course at IIM Bangalore for each academic year varies. In 2021–23 the PGP fees for IIM Bangalore was INR 23 lakhs. This fee was hiked to INR 24.5 lakhs with 2022-24 admission session. IIM Bangalore has released the fee structure of 2024-26 admission cycle with INR 26 lakhs. The amount of fee mentioned here is inclusive of tuition fees and GST. Candidates will have to pay the refundable caution deposit as well.
Also Read:
IIM Bangalore Fee Structure for MBA (2024-2026 Batch)
| Particulars |
Fee (in INR) |
|---|---|
| IIM Bangalore MBA fee (2 years)* |
26,00,000 |
| Caution deposit (General) |
15,000 |
| Caution deposit (Hostel) |
5,000 |
| Mess Advance |
30,000 (each semester) |
Also Read: IIM Bangalore Courses & Fees
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.
Commonly asked questions
Students enrolled in the MBA course at IIM Bangalore are eligible to apply for financial aid if their annual household income is less than INR 8 lakh. Consideration is also given to those students who are experiencing extreme financial difficulties as a result of sudden, unforeseen events. Candidates can refer to the table below to know about IIM Bangalore scholarships, along with information on eligibility requirements and award amounts:
| Scholarship Name | Category | Eligibility/Amount |
|---|---|---|
| Aditya Birla Scholarship | Merit-Based | PGP students of both the first and the second years INR 1.75 lakh |
| OPJEMS Scholarship | Merit-Based | Offered to top 10 Scholars in 2nd Year INR 1.50 lakh |
| Citi Women’s Leader Award | Merit-Based | To Top 25% of the Batch based on 1st Year Performance |
| Siddhartha Padam Award | Director’s Merit | the highest CGPA in Economic, Finance & Accounting INR 50,000 |
| IIMB PGP Alumni First Batch | Differently-Abled | INR 75,000, a Medallion, and a Certificate |
Yes, IIM Bangalore offers scholarships for the MBA programme in Risk Management. The college offers various scholarships to students like Adiya Birla Scholarship, OP Jindal Engineering and Management Scholarship, etc. Its selection criteria include several steps such as application and interview.
Yes, IIMB extends financial aid to students in need of assistance. The objective of the Financial Aid Policy at IIMB is to ensure that no student is deprived of education at the institute for financial reasons. All PGP students with annual family incomes below INR 8 LPA are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered. The Financial Aid Committee undertakes a two-step process for deciding the number of awardees and the quantum of aid. In the first stage, the students are given a financial status score based on four criteria: Annual Gross Household Income (including income of the student if employed before joining IIMB and outstanding loans if any, provided they were not taken for conspicuous consumption), household savings, real estate assets, and other assets. Based on this score, some of the students were called for personal interaction with a faculty panel. Based on the weighted average of these two scores, applicants are provided with 100%, 80%, 60%, 40%, or 20% financial aid.
Components of IIM Bangalore Fees
The IIM Bangalore course fee of INR 24,50,000 (2022-24 batch) includes boarding and lodging as well as other expenses for services and utilities. IIM Bangalore MBA fees include the following expenses:
-
Tuition fee
-
Library fee
-
Internet fee
-
Case Permission Royalty
-
Fee for course material
-
Hostel room rent, including service charge
-
Medical insurance
-
Personal accident insurance
-
Alumni Activity.
Additionally, candidates will also have to deposit General and Hostel Caution Fees of INR 15,000 and INR 5,000 respectively.
Note: Candidates are provided accommodation in the IIM Bangalore hostel. Candidates can choose to live off-campus in the second year of the course. The hostel fee will not be applicable for such candidates.
Components Excluded from IIM Bangalore Fees
Some of the components are not included the IIM Bangalore MBA fees. Candidates need to pay the amount for these components along with the MBA fees of IIM Bangalore:
-
Service Tax
-
Any other tax
The tax rates may vary across the sessions depending upon the Government tax norms revised from time to time.
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 INR 1.75 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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Student Forum
Anything you would want to ask experts?Answered Yesterday
IIM Bangalore offers admission primarily on the basis of the scores obtained in the national level entrance exams including CAT, GMAT, GRE, IIMB DBE, GATE, etc. To get admission to IIM Bangalore, candidates must fulfil the course-specific eligibility. Candidates can apply to the desired course onlin
Contributor-Level 10
Answered Yesterday
IIM Bangalore tuition fee costs around INR 2.4 L – INR 26.5 L. This fee is exclusive of other components such as examination fee, application fee, hostel fee, security deposit, etc. This fee is taken from the official website. It is subject to change. Hence, it is quite costly.
Contributor-Level 10
Answered Yesterday
Candidates must keep the below enlisted documents ready at the time of IIM Bangalore application process:
- Class 12 marksheets & Certificate
- UG/PG degree marksheets and Certificate
- Entrance exam scorecard & admit cards
- SOP - if applicable
- Aadhaar card or other identity proof
- Caste certificate - if applicab
Contributor-Level 10
Answered Yesterday
IIM Bangalore offers admission to all its courses on the basis of both, merit and entrance scores. IIM Bangalore accepts national-level entrance exams. The college accepts CAT, GMAT, GRE, IIMB DBE, GATE, etc. scores for admission to its courses.
Contributor-Level 10
Answered Yesterday
Admission criteria to IIM Bangalore is both, merit and entrance based. The eligibility criteria to get into IIMJ programmes is graduation in any discipline (this may vary from course to course) with a minimum aggregate of 50-55%, along with entrance exams. For UG courses, candidates need to acquire
Contributor-Level 10
Answered Yesterday
IIM Bangalore MBA tuition fee costs around INR 26 L. This fee is exclusive of other components such as examination fee, application fee, hostel fee, security deposit, etc. This fee is taken from the official website. It is subject to change.
Contributor-Level 10
Answered 2 weeks ago
IIM Bangalore takes MBA admissions through CAT exam. After clearing the exam, students have to appear for GD and PI rounds. The total tuition fee for the MBA course is INR 26,50,000 Lacs at IIM Bangalore. Hostel and accomodation charges are separate.
Talking about the fee concession, the institute of
C
Contributor-Level 10
Answered 3 weeks ago
To complete the BBA in Digital Business and Entrepreneurship programme offered by IIM Bangalore, candidate must check below technical requirements:
- Internet Connection: A good and high-speed internet connection is important to get the course materials and live sessions.
- Computer Device: A laptop or de
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Contributor-Level 6
Abhishek is a content writer and editor with 7+ years of experience in education journalism. He completed his graduation from University of Delhi with a BA Degree. At Shiksha.com, he handles content for MBA, BBA, an
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