IIM Fees Increase for MBA 2020-22 Batch

IIM Fees Increase for MBA 2020-22 Batch

IIM have taken a decision to hike their fee structure for the PGP batch 2020-22 in the harsh posture of the pandemic COVID-19 to match the economy. IIM Lucknow, IIM Bangalore and all the other Institutions of IIM have consulted the boosting of the fee level at such rate.If anyone’s ambition is to get admission in any of the institute of IIM, it’s not just the Written Ability Test (WAT), Common Admission Test (CAT), Personal Interview (PI) or Group Discussion (GD) that they have to deal with.And with the recent hike in the fee by multiple IIMs, the management education with IIM label has proceeded to cost even more. Even if there are loan provisions available to pay the wage, you need to look over in case it’s going with your economic condition or not. Therefore, the MBA candidates must collect data about their seats and fee structure.

The IIMs are regarded more prestigious and preferable Institution before other Universities and B-Schools which provide PGDM programmes, managed by the University Grants Commission (UGC) and approved by AICTE. 

Let’s have a look at the previous year and the current year Fee structure provided below:-

Name of the InstitutePrevious Year Fee Structure (Batch 2019-21) in LakhCurrent Year Fee Structure (Batch 2020-22) in Lakh
IIM AmritsarINR 6.00INR 10.50
IIM BangaloreINR 21.20INR 23.20
IIM CalcuttaINR 21.00INR 22.50
IIM JammuINR 11.50INR 13.80
IIM IndoreINR 16.00INR 16.00
IIM LucknowINR 14.16INR 19.25
IIM NagpurINR 12.50INR 13.75
IIM RanchiINR 15.00INR 15.00
IIM RaipurINR 12.40INR 14.20
IIM RohtakINR 14.75INR 16.65
IIM SambalpurINR 10.00INR 12-13
IIM ShilongINR 12.68INR 14.60
IIM SirmaurINR 10.34INR 11.75
IIM TrichyINR 14.00INR 16.50
IIM UdaipurINR 16.67INR 17.59
IIM VisakhapatnamINR 10.50INR 10.50

NOTE- IIM Ahmedabad always increases its fee level each year in the range of 7-10 percent but has not yet revealed its fee hike.  IIM Kozhikode is holding back its fee hike as for now but has so far announced that they would boost their fee structure. It is expected that IIM Ahmedabad would make their fee hike at INR 23.00 Lakh and IIM Kozhikode would have it at INR 17.50 Lakh.

Course Fee Structure for Executive MBA

Executive MBACourse Fee
IIM Lucknow – IPMX INR 23.50 Lakh
IIM Calcutta – MBA ExINR 27.00 Lakh
IIM Bangalore – EPGP INR 25.89 Lakh
IIM Indore – EPGP INR 20.00 Lakh
IIM Kozhikode – PGP BLINR 22.50 Lakh
IIM Ahmedabad – PGP XINR 25.00 Lakh

The Components for the Fee Structure

  • Travel
  • Mess Charges
  • Boarding
  • Tuition Fee
  • Internet
  • Personal Expenses
  • Library
  • Alumni

Other Expenses As the fee structure has increased, all the MBA aspirants of batch 2020-22 have to mandatory pay the hike amount of 5-17% more. Faculty wages, extra operational costs, infrastructure price and the monetary disturbance has all added up to a boosted rate decided by the authorities of IIM. The CAT shortlisted candidates should check the fee structure and seat pattern of IIMs.

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