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 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
- 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.
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.
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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