I can't afford the fees of IIM Indore IPM. Should I stop dreaming about it?

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Shruti Das Posted On - Jan 22, 2024

Studied at Indian Institute of Management, Indore, (2020)

You must not give up your dream of joining IPM at IIM Indore just because of financial constraints.

IIM Indore provides financial assistance to students who need it. The Need Based Financial Assistance (NBFA) at IIM Indore makes sure that no student is deprived of education at the prestigious college simply because of lack of finances. Every IPM student with a family income below 9LPA is eligible to apply for financial aid.

The NBFA committee decides the number of awardees and the amount of aid. A certain amount is provided for eligible students by the committee, which differs from year to year. The family income and assets of the student are considered before deciding the aid amount. The disciplinary records of a student are also looked into before offering aid. Other than that, banks also offer education loans to students of IIM Indore.

Do not give up on your aim, and work hard to secure a seat into IPM at IIM Indore.

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Aaryan Sharma Posted On - Aug 20, 2021

MBA in Marketing & Information Systems, Indian Institute of Management Calcutta (2019)

Firstly, ask yourself, why you wish to pursue IPM at IIM Indore. If you are interested in management but are coming from a not so financially well background, you should not consider IPM for management. But if you really want to pursue that particular course, you can opt for it.

You can acquire a loan from a bank without putting up much of a security. Furthermore, those debts will be your responsibility, make sure to repay them.
If you are good at academics right now, enroll in any graduating programme that you enjoy or that is your second choice.
Look into B.Com and BBA as rational choices, and if your interest persists, try to get into FPM or IIM-I after your Bachelor's degree.

IPM isn't easy to get into. It has one of the lowest returns on investment (ROI) among the top 20 or 30 B-schools. Your total course fee may be over 30 lakhs, but an MBA will cost 14 lakhs, and you will gain a superior understanding of management if you choose to pursue it.