IIMI - Indian Institute of Management, Indore - Course & Fees Details
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Fees and Financial Aid:
There are private and public sector scholarships available for students, for IPM first 3 years incur a fee of 5 lakhs per year and 10 lakh per year for PGP 2 years. In total it incurs 40 lakh fee, it is one of a kind programme by the BLACKI IIMs. In India it is the best for UG+ PG. Foreign UG colleges are not worth it. NBFA is available for people with less than 12 lakhs of annual income, approximately 20% of the batch of students gets it and there are other scholarships, total students availing scholarships is close to 30%. Average amount for NBFA is the interest on the loan of students l, while for other scholarships, it varies from 40k per year to entire tuition fee of students. There is only a fee of 5 lakhs, mess fee of 50k per year can be considered, travel and other expenses are born by the institute. The tickets during vacations etc has to be given by students themselves.
Fees and Financial Aid:
There are private and public sector scholarships available for students, for IPM first 3 years incur a fee of 5 lakhs per year and 10 lakh per year for PGP 2 years. In total it incurs 40 lakh fee, it is one of a kind programme by the BLACKI IIMs. In India it is the best for UG+ PG. Foreign UG colleges are not worth it. NBFA is available for people with less than 12 lakhs of annual income, approximately 20% of the batch of students gets it and there are other scholarships, total students availing scholarships is close to 30%. Average amount for NBFA is the interest on the loan of students l, while for other scholarships, it varies from 40k per year to entire tuition fee of students. There is only a fee of 5 lakhs, mess fee of 50k per year can be considered, travel and other expenses are born by the institute. The tickets during vacations etc has to be given by students themselves.
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IIM Indore: 24 Answered Questions
What is the fee structure of IPM from IIM INDORE?
The IPM fee structure of IIM Indore was last updated on 16th June 2023, for the batch of 2023-28.
For Resident Indian students, the course fee for the first 3 years is Rs. 5 Lakhs per year. This fee is Rs. 7.5 Lakhs per year for International students. Other fees include a Medical Insurance of Rs. 711 each year, a mess deposit of Rs. 54,000 each year, and a refundable caution deposit of Rs. 50,000 in the first year. The caution deposit is refunded after completing the 5 year course. The course fee for 4th and 5th year will be the same as the updated PGP fees for 2026-2028 batch.
The cost of lodging, tuition, internet facilities and library is all combined into the total course fee for each year. The course fee does not include textbook cost. The course and mess charges are payable in three installments. IPM students, during the first 3 years, get a shared accommodation. Single room accommodation is made available for 4th and 5th year students.
This is the complete breakdown of fee structure for IPM at IIM Indore.
Why does IPM by IIM Indore have a very high fee structure?
IIMs are a set of highly prestigious management colleges in India. They are the best in the country as per various rankings like QS (global) and NIRF (national).
Their academics is top notch, and their curriculum covers all the important aspects of management studies. Also, the placements of IIM Indore are top notch. To ensure the smooth running of their administration, the IIMs tend to charge hefty amounts for their courses.
On top of all this, upon clearing the IPMAT, one is spared from giving CAT. Plus, for the next 5 years, one gets to study management from some of the most qualified teachers, under the IIM Indore brand name.
These can be some of the reasons why the IPM course at IIM Indore has such a high fee.
Is IIM Indore’s Integrated Program in Business Analytics any good?
Choosing a Data Science Program is a difficult task because the market is flooded with these courses. All of the programs are in collaboration with prestigious universities.
The program includes a fantastic combination of IIM Indore. That, however, is no longer a challenge. The best part about Jigsaw is that they always have a listening ear—they are eager to learn about the challenges of the students and are resolved with the same responsibility. Every issue will be addressed and resolved.
The course is good; the more time you spend on it, the more knowledge you will gain. you will never be crippled with content as Jigsaw is having a pretty decent quality of content and is very easy to follow.
All weekend classes will be recorded and made available to you if you want to review the material. The course will walk you through the statistical methodologies and tools used by data scientists for data analysis and modeling.
You have both graded and non-graded assignments. Non-graded for practice and graded for completion of the course. The more you practice, the more confident you will become. You will complete a mini capstone and a capstone project to gain hands-on experience.
What is the fee structure for IIM Indore?
As per the updated fee structure for PGP program (batch 2023-2025), the course fee for Indian residents is Rs. 10 Lakhs per year. It is Rs. 15 Lakhs per year for International students.
Other fees include a medical insurance premium of Rs. 679 per year, a mess deposit of Rs. 54,000 in the first year, and a refundable caution deposit of Rs. 50,000 in the first year. The course fee and mess deposit is payable in three installments. An alumni fee of Rs. 11,800 is payable in the second year.
For more details, you can visit the official website of IIM Indore.
Should I join IIM Indore's one-year MBA course (EPGP) or continue working, given the bad placement scenario for the course? Or should I try for better colleges in India?
The placement opportunities for an Executive MBA at IIM Indore or In fact any other IIM are very limited. They depend on the batch itself and may be good or bad depending on the current batch profile and expectations. Moreover, people don’t pursue EMBA to get placed in a high salary package. They already have a job with a high package. What they are looking for is an enhancement of their managerial skills and the IIM tag.
So I will not recommend you leave your high-paying job and pursue EMBA especially if you are looking for a better CTC. Not even other B Schools will get you a high package right off the bat. But if you are still adamant about pursuing the program you may take a study leave I suggest.
An MBA helps you in the long run and not instantly. You should be willing to take the risk for maximum results.
What are the fees for IPM IIM Indore, including hostel stay charges and food?
I think I can give you an estimate of the fee as one of my close friends is an alumnus of IIM Indore. The total expenses you would have to bear for a course period of three years is about INR 12,00,000.
In contrast, the tentative expenses for the 4th and 5th-year is around INR 13,00,000. Currently. For the 4th and 5th year, mess facilities are optional depending upon whether or not you want to use them.
I can't afford the fees of IIM Indore IPM. Should I stop dreaming about it?
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.
I can’t afford the fees of IIM Indore IPM. Should I stop dreaming about it?
Coming from a financially challenging background, it is highly unlikely that you are interested in management purely out of interest. Now, you can think about IPM if you want to study management. Banks will grant loans to you without requiring much in the way of security. Additionally, since those loans will be your responsibility, your parents won't be responsible if you later become unable to make your payments due to unforeseeable circumstances.
Now for the next thing. Since you haven't specified your level of knowledge and skills, If you are currently brilliant, my recommendation is that you enroll in any graduate program that you like or would be your second choice. Look into B.Com and BBA as they can be sensible options, and if your interest still holds after earning your bachelor's degree, try to get into FPM or IIM Indore.
IPM isn't simple to get into, and if you stop and think about it, you can get along just fine without it too.
TLDR: Of the top 20 or 30 B-schools, IPM has one of the lowest ROIs. An MBA will cost you INR 14 while giving you a better understanding if you want to pursue management. Your entire course fee may be around INR 30 lakhs.
What do you have to say to a student who just got into IIM Indore's IPM program?
My friend is a senior at IIM Indore for the same course. As a senior, he has the following pieces of advice and recommendations for his juniors.
- Spend quality time with your family and friends before joining. Do things you have been willing to do for a long time but couldn't. This is because once you begin your hectic life here, you won't get time for anything else.
- Refrain from being a part of any clubs and fests in the initial year. Rather focus more on academics.
- Your peers will be from diverse backgrounds. Some may find it difficult to interact with them. It's okay if you don't befriend them just don't look down on anyone. Everyone here is a genius who has made it into an IIM after many struggles. On the brighter side, peers from all over the country add to the experience and fun.
- Try to make the most out of the library of the institution. You have a prior subscription included in your fees so you are free to explore the huge variety of books here.
- Read the IPM Manual given in the orientation thoroughly.
- Inculcate some extra skills like Excel or typing that might come handy in the future.
- Don't hesitate from approaching the professors for any kind of doubts. They are very humble and cooperative.
- Seek help from our seniors as they are more than ready to help in any situation.
- Last and most important, learn basic E-mail writing etiquette before the actual program begins. This will save you from embarrassing yourself in the future.
All these points will help you avoid some major blunders committed by seniors. But remember everyone makes mistakes in their college life. What matters is how you tackle it and what you learn from it.
What is the total annual expense of IIM Indore IPM Programme?
The IPM fee structure is different for domestic and international students.
As per the latest update on 16th June 2023, a resident Indian student is charged Rs. 5 Lakhs per year as course fee, for the first three years of the IPM program. Rs. 711 is payable per year as medical insurance premium, and Rs. 54,000 is payable each year as mess deposit.
Rs. 50,000 is payable in the first year as a refundable caution deposit. This amount is refunded on completing 5 years of IPM. This brings the grand total to Rs. 5,54,711 per year (Rs. 6,04,711 for 1st year). As for the 4th and 5th year, the fee will be charged on the basis of the updated PGP fee structure for the 2026-2028 batch. As for now, the course fee for the same is Rs. 10 Lakhs per year.
This is the breakdown of the present IPM course fee at IIM Indore. You can visit the official website of IIM Indore for more details.
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