Sounak Banerjee Associate Content Manager
Associate Content Manager
IIM Fees for MBA ranges from INR 12 - 24 Lakhs. The IIM MBA Fees for top IIMs such as IIM Ahmedabad, IIM Bangalore, and IIM Calcutta is the highest, ranging from 23 to 24.5 Lakhs. However, the IIM MBA fees for the Baby IIMs such as IIM Nagpur, IIM Sambalpur, etc range from INR 10 - 15 Lakhs for the complete MBA course.
Students may find the fees for MBA in Top IIMs in India to be a bit steep. But the amount of knowledge that will be gained will far outweigh the financial costs. Most students get handsome salary after passing out from an IIM. Various organisation provide scholarships to various students who find the initial investment in an IIM to be too steep. Top scholarships for an MBA in IIM are Aditya Birla Group Scholarship, OPJEMS etc.
Some IIMs have their own set of Scholarships. IIM Ahmedabad MBA Scholarships include T. Thomas Scholarship and IIM Bangalore Scholarships include IIM Bangalore Financial Aid, Citi Women’s Leader Award. Scholarships of IIM Lucknow are Need based IIML Scholarships, Industry Sponsored Scholarships, and Bharti Scholarship. Scholarships from IIM Calcutta are India Carbon Scholarship, B.P. Poddar Scholarship etc.
Admission to the IIM MBA course is done solely through the national-level entrance examination CAT. The IIMs are some of the top MBA colleges in India as per the NIRF ranking. IIMs have an elevated fee structure. Despite providing, scholarships and student loans, the IIM MBA fee is quite high. The detailed IIM MBA fee structure, along with the placement opportunities, seat intake, and more is given in the article below.
Table of Contents
IIM Fees for MBA
The IIMs in India have played an important role in the development of management education in India. IIM Ahmedabad, IIM Bangalore and IIM Calcutta are considered the best IIMs in India. The MBA course provided by IIMs is known as PGPM courses. The fee for the MBA program in various IIMs in India is given below.
| IIM College Name | Fee Structure ( Approx) |
|---|---|
| IIM Ahmedabad | INR 23,00,000 |
| IIM Bangalore | INR 24,50,000 |
| IIM Calcutta | INR 23,00,000 |
| IIM Lucknow | INR 19,00,000 |
| IIM Indore | INR 17,07,000 |
| IIM Kozhikode | INR 19,00,000 |
| IIM Shillong | INR 14,60,000 |
| IIM Raipur | INR 15,49,000 |
| IIM Ranchi | INR 15,30,000 |
| IIM Rohtak | INR 16,65,000 |
| IIM Kashipur | INR 15,42,500 |
| IIM Trichy | INR 11,90,000 |
| IIM Udaipur | INR 17,05,000 |
| IIM Amritsar | INR 16,00,000 |
| IIM Bodh Gaya | INR 15,50,000 |
| IIM Nagpur | INR 18,00,000 |
| IIM Sambalpur | INR 12,63,000 |
| IIM Sirmaur | INR 11,75,000 |
| IIM Visakhapatnam | INR 16,79,000 |
| IIM Jammu | INR 15,56,000 |
The executive MBA programs in IIM are known as EPGP. The courses are mostly 1 year in duration. Students need to have good working knowledge for getting admission. The fees for IIM EMBA Course are given below.
| Institute | Program | Course Fee |
|---|---|---|
| IIM Ahmedabad | Executive MBA PGPX | Rs 25.00 Lakh |
| IIM Bangalore | EPGP | Rs 25.89 Lakh |
| IIM Calcutta | MBAEx | Rs 27.00 Lakh |
| IIM Lucknow | IPMX | Rs 23.50 Lakh |
| IIM Kozhikode | PGP BL | Rs 22.50 Lakh |
| IIM Indore | EPGP | Rs 20.00 Lakh |
IIM Distance MBA Fees
IIMs provide the highest standard of management education in the country. They do not provide MBA in distance format. IIMs provide various Certificate Programs that provide very niche education management. The fee structure of Distance MBA from IIM along with the courses offered is mentioned below:
| IIM Campus | Course Name | Total Fees(INR) |
|---|---|---|
| IIM Lucknow | Working Managers Programme (WMP) | 17,40,000 |
| IIM Ahmedabad | ePost Graduate Programme (ePGP) | 13,50,000 |
| IIM Raipur | PGP in Management for Working Executives (PGPMWE) | 12,60,000 |
| IIM Indore | General Management Programme for Executives (GMPE) | 3,50,000 |
| IIM Ranchi | Certificate Programme in General Management (CPGMM) | 3,00,000 |
IIM MBA Seat Intake
Different IIMs in India have varying capacities. The student intake is determined by various factors
| IIM | Seat Intake |
|---|---|
| IIM Ahmedabad | 445 |
| IIM Bangalore | 412 |
| IIM Calcutta | 480 |
| IIM Lucknow | 436 |
| IIM Indore | 451 |
| IIM Kozhikode | 500 |
| IIM Shillong | 125 |
| IIM Raipur | 331 |
| IIM Ranchi | 350 |
| IIM Rohtak | 350 |
| IIM Kashipur | 295 |
| IIM Trichy | 270 |
| IIM Udaipur | 335 |
| IIM Amritsar | 320 |
| IIM Bodh Gaya | 180 |
| IIM Nagpur | 240 |
| IIM Sambalpur | 210 |
| IIM Sirmaur | 100 |
| IIM Visakhapatnam | 120 |
| IIM Jammu | 240 |
IIM MBA Placement Trend
| IIM | Average Annual Salary | Check Placement Trend |
|---|---|---|
| IIM Ahmedabad | INR 70 LPA | Check Here! |
| IIM Bangalore | INR 50 LPA | Check Here! |
| IIM Indore | INR 40.50 LPA | Check Here! |
| IIM Kashipur | INR 28 LPA | Check Here! |
| IIM Ranchi | INR 26 LPA | Check Here! |
| IIM Sambalpur | INR 20 LPA | Check Here! |
| IIM Udaipur | INR 27.50 LPA | Check Here! |
IIM Fees for MBA: FAQs
Ques. What are the fees of IIM for an MBA?
Ans. The fees of the MBA course range from INR 23 lakh (IIM A, B, C) to INR 10 lakh (IIM Bodhgaya).
Ques. Why are IIM fees so high?
Ans. Although IIMs are financially aided by the government, the fees are high because they are autonomous institutes. Thus, they have to meet the expenses on their own.
Ques. Is IIM a government-aided institute?
Ans. Yes, the Government of India financially aids IIMs, but they have no say in administrative decisions and day to day functioning of the institutes.
Ques. Is there a scholarship scheme at IIMs?
Ans. Yes, there is a range of scholarship schemes offered by the institutes. IIM Ahmedabad has about 13 scholarship schemes for students.
Ques. Which IIM has the lowest MBA fees?
Ans. IIM Bodhgaya has the lowest MBA fees. For the batch of 2019-2021, it was INR 10.60 lakh.
Ques. What are the fees of the Executive MBA course at IIMs?
Ans. The course fee for Executive MBA courses at IIMs is above INR 20 lakh.
Ques. Can I get a bank loan to pay IIM fees?
Ans. Yes, several nationalized banks offer education loans up to INR 10 lakh. Students can also apply for scholarship schemes offered by the IIMs.
Ques. Does the government decide IIM fees?
Ans. No, the government has no say in deciding the fees of any course offered by the IIMs.
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