IIM MBA fees : Eligibility, Payment Schedule
The MBA tuition at IIM is between INR 13 lakh and INR 23 lakh. View the MBA tuition rates for all IIMs, including IIM Bangalore, IIM Ahmedabad, and IIM Indore.
IIM MBA fees ranges between INR 16 and INR 27 lakh. MBA fees of the top three IIMs – Ahmedabad, Bangalore and Calcutta is highest (between INR 24 lakh to INR 27 lakh) whereas MBA fees of the newer IIMs like Trichy and Sirmaur is between INR 16 to INR 19 lakh. The discrepancy in the fee structure of the old and the new IIMs is due to the fact that older IIMs do not take funds from the government for maintenance and other expenditure, while the new IIMs are financially supported by the government.
If you plan to pursue an MBA programme at any of the IIM campuses, you must know its fees and admission criteria. Although, the IIMs offer scholarships and provide loan assistance, it is wise to check before applying whether the IIMs fit in your budget or not. And what are the loan options available.
IIM Fee Structure: MBA Fee Elements
MBA hopefuls must be aware of the IIM fees in order to make any necessary financial arrangements before to admission. The IIM price covers the cost of tuition, room and board, as well as other services and utility costs. The cost of the overseas immersion program is a significant portion of the IIM MBA tuition.
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 of Executive MBA programmes
See the chart below for the costs of several of the well-known IIM MBA programs (Executive):
| Executive MBA programme | Course Fee (approx.) |
|---|---|
| IIM Ahmedabad – PGPX | INR 30.00 Lakh</td |
| 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/PGP Fees 2023–25
The list of MBA/PGP program costs for each IIM may be seen below. The sum listed here is the two-year, full-time MBA/PGP course price. In the upcoming academic year, fees can rise.
| 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 program expenses for an international immersion) |
| 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 |