IIM MBA Fees - Check Complete IIM Fees Structure for MBA

IIM MBA Fees - Check Complete IIM Fees Structure for MBA

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Vipra
Vipra Shrivastava
Senior Manager - Content
Updated on Feb 7, 2024 14:07 IST

IIM fees for MBA range between INR 16 lakh and 27 lakh. While the fee of older IIMs is above INR 25 lakh, the fee of baby IIMs is under 20 lakh. Check out the MBA fees of all IIMs, including IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Kozhikode and IIM Indore.

IIM Fees for MBA

IIM MBA fees ranges between INR 15 and INR 27 lakh. Cost of MBA from the top three IIMs - Ahmedabad, Bangalore and Calcutta is highest (between INR 24 lakh to INR 27 lakh) where as MBA fees at newer IIMs like Bodh Gaya and Sirmaur is between INR 15 to INR 19 lakh. The discrepancy in the MBA fee structure of the old and the new IIMs is due to the fact that older IIMs do not get funds from the government for maintenance and other expenditure, while the new IIMs are financially supported by the government.

IIM admission for full-time MBA has commenced, and the interview round will be held in March-April 2024. If you are planning to pursue an MBA programme at any of the IIM campuses in the 2024 academic year, you must know its fees and admission criteria. Although, the IIMs offer scholarships to deserving students and provide loan assistance, it is wise to check before applying whether the cost of MBA from IIM is feasible to you or not and what are the available options.

In this article, you will get information related to annual MBA fees at IIMs along with the scholarships offered by them. You will also find the following information:

  • Components of IIM MBA fees
  • Annual course fee of two-year MBA/PGP programme of each IIM
  • PGP fee structure and scholarship of each IIM
  • Scholarship schemes offered by each IIM

IIM Fees Structure for MBA: Components

MBA aspirants must know what constitutes the IIM fees so that he/she can make financial arrangements before admission, if required. The IIM fees structure for MBA includes tuition fee, boarding and lodging as well as other expenses for services and utilities. An important component of IIM MBA fees is the expense of international immersion programme. Some IIMs allow candidates to take up private residence outside the campus after the first year of the programme. The MBA course fee is to be paid semester-wise. IIM fees includes following expenses:

  • Tuition fee
  • Personal expenses
  • Boarding
  • Travel
  • Course material
  • Mess charges
  • Library
  • Internet
  • Laptop and computer
  • Alumni activity and
  • Miscellaneous expenses

IIM Fees for MBA/PGP 2024-26

Below is the list of MBA/PGP programme fees of each IIM. The amount mentioned here is course fee of full-time MBA/PGP (two years). The fees may increase in the new academic session.

IIM campus

IIM MBA Fees (latest)

IIM Ahmedabad

INR 24.61 lakh

IIM Bangalore

INR 24.50 lakh

IIM Calcutta

INR 27.00 Lakh

IIM Lucknow

INR 20.70 lakh

IIM Kozhikode

INR 20.50 lakh

IIM Raipur

INR 16.10 (excluding boarding fees)

IIM Udaipur

INR 19.00 lakh

IIM Rohtak

INR 17.60 lakh

IIM Visakhapatnam

INR 17.58 lakh

IIM Trichy

INR 21.00 lakh

IIM Sambalpur

INR 13.08 lakh

IIM Ranchi

INR 17.50 lakh

IIM Bodhgaya

INR 15.50 lakh

IIM Sirmaur

INR 15.75 lakh (including fees for international immersion programme)

IIM Jammu

INR 17.15 lakh

IIM Amritsar

INR 16.00 lakh

IIM Shillong

INR 17.50 lakh

IIM Kashipur

INR 17.30 lakh

IIM Nagpur

INR 18.00 lakh

IIM Indore

INR 21.14 lakh

Campus wise IIM Fee Details

IIM MBA fee includes various charge, inlcuding infrastructure, hostel, library, mess, etc. For campus-wise MBA fees structure of the IIMs, check the links mentioned in the table below:

Campus wise IIM MBA Fee Details
IIM Ahmedabad Fees for MBA IIM Bangalore Fees for MBA
IIM Calcutta Fees for MBA IIM Lucknow Fees for MBA
IIM Indore Fees for MBA IIM Kozhikode Fees for MBA
IIM Udaipur Fees for MBA IIM Shillong Fees for MBA
IIM Ranchi Fees for MBA IIM Rohtak Fees for MBA
IIM Nagpur Fees for MBA IIM Jammu Fees for MBA
IIM Bodh Gaya Fees for MBA IIM Sirmaur Fees for MBA
IIM Kashipur Fees for MBA IIM Amritsar Fees for MBA
IIM Sambalpur Fees for MBA IIM Visakhapatnam Fees for MBA
IIM Trichy Fees for MBA IIM Raipur Fees for MBA
IIM Mumbai Fees for MBA  

Planning to study MBA in India? Find useful insights & emerging trends on student preferences for MBA colleges, locations and more.

Download Free Shiksha MBA Guide

Suggested reading:

IIM Fees of Executive MBA programmes

Check the table below for some of the popular IIM MBA programmes (Executive) and their fees:

Executive MBA programme

Course Fee (approx.)

IIM Ahmedabad - PGPX

INR 30.00 Lakh

IIM Bangalore - EPGP

INR 29.00 Lakh

IIM Calcutta - MBAEx

INR 27.00 Lakh

IIM Indore - EPGP

INR 22.11 Lakh

IIM Lucknow - IPMX

INR 23.50 lakh

IIM Kozhikode-PGP BL

INR 22.50 lakh

IIM MBA Scholarships

The IIMs provide various scholarships to deserving candidates who come from financially weak background. There are primarily two types of scholarships at IIMs:

  • Scholarship for candidates from economically weak background
  • Scholarship for meritorious students

The table below, contains links to the list of all the scholarships provided by the IIMs to deserving students. Click on the links to know complete details of IIM scholarships:

IIM Scholarship Schemes
IIM Calcutta scholarship IIM Ahmedabad scholarship
IIM Bangalore scholarship IIM Lucknow scholarship
IIM Kozhikode scholarship IIM Indore scholarship
IIM Kashipur scholarship IIM Rohtak scholarship
IIM Ranchi scholarship IIM Udaipur scholarship
IIM Sirmaur scholarship IIM Raipur scholarship
IIM Shillong scholarship IIM Nagpur scholarship

Read More:

Check CAT Cutoffs and predict calls from IIMs and other Top MBA Colleges, whether your CAT score is 70 percentile, 80 percentile or 90 percentile. Check Fees, Placement Reviews, Admission, Shortlist Criteria and eligibility of all MBA Colleges by clicking the link below:

Predict CAT IIM & Non IIM Calls

Important FAQs on IIM Fees for MBA

Q: What is the fees of IIM for MBA?

A: The fees of MBA courses offered by the IIMs range from INR 15.50 lakh (IIM Bodhgaya) to INR 27 INR lakh (IIM Calcutta). The fees includes boarding, mess and other expenses. The total MBA fees is to be paid in instalments term-wise. The break of fee payment is shared with the candidate before admission.

Q: Why is IIM fees so high?

A: Although, the IIMs are financially aided by the government, the MBA fees is high because they are autonomous institutes, which means they don't receive funding from the government for regular functioning and have to meet the expenses on their own.

Q: Is IIM a government-aided institute?

A: The Government of India financially aids the newer Indian Institute of Management institutes but they have no say in administrative decisions and day to day functioning of the institutes. The decisions regarding admission, courses, curriculum, administration, operations, etc. is taken independently by the institutes. 

Q: Do IIMs offer scholarships to candidates?

A: Yes, there is a range of scholarship schemes offered by every IIM. IIM Ahmedabad has about 13 scholarship schemes for students. The scholarships are offered to the candidates basis merit and financial status. To avail scholarship, candidates from weak financial background have to submit relevant documents of family income and fill the scholarship form.

Q: Which IIM has the lowest MBA fees?

A: IIM Bodhgaya has the lowest MBA fees. It's current fees is INR 15.50 lakh. The IIM Bodhgaya fees for MBA can be paid in instalments and there are scholarships and loan assistance available.

Q: What is the fees of Executive MBA course at IIMs?

A: The course fee of Executive MBA courses at IIMs is above INR 20 lakh. The fees is to be paid semester-wise. Candidates are also provided loan assistance by the institutes for Executive MBA courses as well. 

Q: Can I get a bank loan to pay IIM fees?

A: Yes, several nationalised banks offer education loans up to INR 10 lakh to candidates for IIM admission. The IIMs facilitate education load proceedings to students who wish to avail the service. Students can also apply for scholarship schemes offered by the IIMs.

Q: What is the admission process of IIM MBA?

A: IIM admission process for MBA programme includes – CAT exam, Written Ability Test/Group Discussion (WAT/GD) and Personal Interview (PI). Candidates are selected for WAT/GD-PI on the basis of CAT score. Candidate's performance in WAT/GD-PI and academic record determines his/her admission.

Q: How much CAT percentile is required by General category students to get any IIM?

A: General category students require over 99 percentile for admission to old IIMs (Ahmedabad, Bangalore, Calcutta, Lucknow and Kozhikode) and over 95 percentile for new IIMs. The CAT cut off for IIM admission is much lower for reserved category students.

Q: Is the CAT cut off percentile for student of SC/ST category students lower than General category?

A: Yes, the CAT cut off percentile for student of SC/ST category students lower than General category. Both the qualifying cut offs and final cut offs are lower for Reserved category candidates. However, there is no fee relaxation for any category student.

Q: Does government decide IIM fees?

A: No, the government has no say in deciding fees of any course offered by the IIMs or about any monetary decisions related to the institutes. The IIM management body takes all the financial and administrative decisions independently. 

About the Author
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Vipra Shrivastava
Senior Manager - Content

Vipra is a massive Breaking Bad fan. When not watching crime drama series, she spends time in updating the list of places she wants to visit and people she wants to meet, but she is happiest in the company of dogs. ... Read Full Bio

Comments

(10)

T

Ts doukhansiam

a year ago

Is there any fee reduction in category wise

Reply to Ts doukhansiam

T

Tanishka Salve

a year ago

IIM MBA fees for sc category...?

Reply to Tanishka Salve

A

Arshiya Goyal

2 years ago

Does iim increase their fee every year for 2 year programme of mba?

Reply to Arshiya Goyal

S

Snehil Tandon

2 years ago

Is MAT entrance examination eligible in IIM for taking admission?

Reply to Snehil Tandon

5712995

Vipra ShrivastavaSenior Manager - Content

2 years ago

No, only CAT score is accepted.

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