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 Institute | Previous Year Fee Structure (Batch 2019-21) in Lakh | Current Year Fee Structure (Batch 2020-22) in Lakh |
| IIM Amritsar | INR 6.00 | INR 10.50 |
| IIM Bangalore | INR 21.20 | INR 23.20 |
| IIM Calcutta | INR 21.00 | INR 22.50 |
| IIM Jammu | INR 11.50 | INR 13.80 |
| IIM Indore | INR 16.00 | INR 16.00 |
| IIM Lucknow | INR 14.16 | INR 19.25 |
| IIM Nagpur | INR 12.50 | INR 13.75 |
| IIM Ranchi | INR 15.00 | INR 15.00 |
| IIM Raipur | INR 12.40 | INR 14.20 |
| IIM Rohtak | INR 14.75 | INR 16.65 |
| IIM Sambalpur | INR 10.00 | INR 12-13 |
| IIM Shilong | INR 12.68 | INR 14.60 |
| IIM Sirmaur | INR 10.34 | INR 11.75 |
| IIM Trichy | INR 14.00 | INR 16.50 |
| IIM Udaipur | INR 16.67 | INR 17.59 |
| IIM Visakhapatnam | INR 10.50 | INR 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 MBA | Course Fee |
| IIM Lucknow – IPMX | INR 23.50 Lakh |
| IIM Calcutta – MBA Ex | INR 27.00 Lakh |
| IIM Bangalore – EPGP | INR 25.89 Lakh |
| IIM Indore – EPGP | INR 20.00 Lakh |
| IIM Kozhikode – PGP BL | INR 22.50 Lakh |
| IIM Ahmedabad – PGP X | INR 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.