IIM Fees for MBA 2023-24

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Executive MBA from IIM

IIM or the Indian Institutes of Management every MBA student’s dream. Studying at the top IIMs is sure to open a vast world of opportunities for aspirants. One thing that concerns students while applying to any of the IIMs is the fee structure they have. Each IIM generally releases their fee structure in the admission policy before the commencement of the program and mentions the expenses they cover in its IIM MBA fee structure. The IIMs increase their fees by 1 – 2% every year and range between INR 10 lakh – INR 28 lakh every year. So we have brought all the information about the MBA courses, fee structure and the scholarships of IIMs for your benefit here. Read ahead to learn more about the fees of an MBA at the IIM.

The cost of an IM MBA can range from INR 16 lakh to INR 27 lakh. MBA fees of the top three IIMs – Ahmedabad, Bangalore and Calcutta are the highest (between INR 24 lakh to INR 27 lakh) but MBA fees of the newer IIMs like Trichy and Sirmaur are between INR 16 to INR 19 lakh. The difference in the fee structures of the old and new IIMs is caused by the fact that the latter gets government funding for maintenance and other expenses, whereas the former does not.

You must be aware of the program’s costs and eligibility requirements if you intend to enrol in an MBA programme at one of the IIM locations. Although the IIMs provide scholarships and financing aid, it is advisable to determine whether attending the IIMs will fit within your budget before applying. And what are the possible lending choices?

IIM Fees for MBA: Components

The fee structure of IIM has various components which are included or not included in their fee structure. Since the fee is quite big the students are supposed to pay the fees per semester. We have provided the list of all the components included in the fee structure below –

  •  Alumni Charges
  •  Course material
  • Hostel charges depend upon single occupancy or double occupancy
  • International Immersion (If applicable)
  • Internet facility
  • Laptop and computer
  • Library
  • Mess charges
  • Miscellaneous expenses
  • Personal expenses
  • Study Tours
  • Travel and boarding
  • Tuition fee

IIM Fees for MBA 2022-23

The fee structure is given below according to the various campuses of IIM:

Serial no.Indian Institute of ManagementApprox. program fees  
1IIM AhmedabadRs 28 lakhs
2IIM AmritsarRs. 10.5 lakhs
3IIM BangaloreRs. 23 lakhs
4IIM Bodh GayaRs 10.6 lakhs
5IIM CalcuttaRs. 27 lakhs
6IIM IndoreRs. 16 lakhs
7IIM JammuRs. 13.8 lakhs
8IIM KashipurRs. 15.42 lakhs
9IIM KozhikodeRs. 17.50 lakhs
10IIM LucknowRs. 19.25 lakhs
11IIM NagpurRs 13.75 lakhs
12IIM RaipurRs. 14,2 lakhs
13IIM RanchiRs. 15.3 lakhs
14IIM RohtakRs. 15.2 lakhs
15IIM SambalpurRs. 13.03 lakhs
16IIM ShillongRs.14.6 lakhs
17IIM SirmaurRs 11.75 lakhs
18IIM TrichyRs. 14 lakhs
19IIM UdaipurRs. 13 lakhs
20IIM VisakhapatnamRs 10.50 lakhs
Source: Aman Dhattarwal

IIM Fees for MBA: Executive Courses

The fee structure is given below according to the various campuses of IIM for their Executive courses

Executive MBA programmeCourse Fee (approx.)
IIM Ahmedabad – PGPXRs 25 lakhs
IIM Bangalore – EPGPRs 25 lakhs
IIM Calcutta – MBAExRs 27 lakhs
IIM Indore – EPGPRs 20 lakhs
IIM Lucknow – IPMXRs 23.5 lakhs
IIM Kozhikode-PGP BLRs 22.5 lakhs

Also Read:

IIM Fees for MBA: Courses

The list of management courses offered by IIMs is given below –

IIM Ahmedabad

Students at IIM Ahmedabad can opt for the below-mentioned programmes:

IIM Fees for MBA
Credit: The Print
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Executive Post Graduate Program in Management (EPGP) OR Post Graduate Program in Management for Executives (PGPX)
  • Armed Forces Program in Business Management (AFP)
  • ePost Graduate Program (PGP)
  • Post Graduate Program in Food and Agri-business Management (PGP- FABM)
  • Faculty Development Program (FDP)

IIM Bangalore

This eminent institute offers the following MBA programmes:

IIM Bangalore
Credit: Business Standard
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Executive Post Graduate Program in Management (EPGP) OR Post Graduate Program in Management for Executives (PGPX)
  • Post- Graduate Program in Public Policy and Management (PGPPM)
  • Post-Graduate Program in Enterprise Management (PGPEM)

IIM Calcutta

Indian Institute of Management in the ‘City of Joy’ provides MBA in the following domains:

IIM Fees for MBA
Credit: Telegraph India
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Post Graduate Program in Management for Executives (PGPEX)
  • PGPEX-VLM (Post Graduate Program for Executives for Visionary Leadership in Manufacturing)
  • CEMS MIM: Master’s in International Management
  • Post Graduate Diploma in Business Analytics (PGDBA)

IIM Jammu

This management institute offers the below-mentioned programme:

IIM Jammu
Credit: IIMJ
  • Post Graduate Program in Management (PGP)

IIM Kozhikode

Students enrolling in the Kozhikode branch can opt for the below-listed programmes:

Amazon top recruiter as IIM Kozhikode wraps up summer placements | Business  Standard News
Credit: Business Standard
  • Executive Post Graduate Program in Management (EPGP)
  • Post Graduate Program in Management (PGP)
  • Post Graduate Program in Business Leadership (PGP-BL)
  • Management Development Program
  • Fellow Program in Management (FPM)

IIM Nagpur

This institute provides MBA in one programme, which is mentioned below:

IIM Nagpur
Credit: IndCareer
  • Post Graduate Program in Management (PGP)

IIM Ranchi

This IIM campus has options for the following programmes:

IIM Fees for MBA
Credit: telegraph India
  • Post Graduate Diploma in Management (PGDM)
  • Fellow Program in Management (FPM)
  • Post Graduate Program in Management for Executives (PGEXP)
  • Post-Graduate Program in Enterprise Management (PGPEM)
  • Certificate Program in General Management (CPGM)
  • Post Graduate Diploma in Human Resource Management

IIM Sambalpur

Indian Institute of Management at Sambalpur offers the below-mentioned course:

IIM Sambalpur
Credit: IIM Sambalpur
  • Post Graduate Program in Management (PGP)

IIM Sirmaur

This campus offers MBA only 1 programme, as mentioned below:

HRD Minister inaugurates IIM Sirmaur campus - ABPEducation
Credit: ABP Education
  • Post Graduate Program in Management (PGPM)

IIM Udaipur

Indian Institute of Management at Udaipur has the following options:

IIM Fees for MBA
Credit: IIMU
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Post Graduate Program in Management for Executives (PGPX)
  • MDP for Women Entrepreneurs (MDPWE)

IIM Amritsar

Students can opt for the following course at Amritsar campus of IIM:

IIM Amritsar
Credit: IIM Amritsar
  • Post Graduate Program in Management (PGP)

IIM Bodh Gaya

The following programme is available at IIM Bodh Gaya:

IIM BG
Credit: IIMBG
  • Post Graduate Diploma in Management (PGDM)

IIM Indore

The Indore campus of IIM has numerous options for MBA aspirants:

IIM Fees for MBA
Credit: NDTV
  • Executive Post Graduate Program in Management (EPGP)
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Post Graduate Program in Management Mumbai (PGP- Mumbai)
  • Integrated Program in Management (IPM)
  • Fellow Program in Management (Industry)
  • Post Graduate Diploma Program in Management for Executives (Modular)-PGPMX- offered in Mumbai
  • Post Graduate Program in Human Resource Management (PGP-HRM)

IIM Kashipur

At the Kashipur campus, students can opt from the below listed MBA specialisations:

IIM Kashipur
Credit: Indian Education Diary
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Executive Post Graduate Program in Management (EPGP)
  • Executive Fellow Program in Management (EFPM)

IIM Lucknow

This branch imparts degree in the following MBA specialisations:

Credit: IIM Lucknow
  • Post Graduate Program in Management (PGP)
  • Executive Fellow Program in Management (EFPM)
  • Fellow Program in Management (FPM)
  • Post Graduate Program in Agri-business Management (PGP- ABM)
  • Post-Graduate Program in Management for Working Executives (WPM)
  • Post-Graduate Program in Sustainable Management (PGP- SM)
  • Management for Executives (IPMX)

IIM Raipur

Students pursuing admission to this IIM branch can avail the following MBA majors:

Indian Institute of Management Raipur
Credit: Wikiwand
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Post Graduate Program in Management for Working Executive (PGPWE)
  • Executive Fellow Program in Management (EFPM)

IIM Shillong

Credit: IIM Shillong
  • Post Graduate Program in Management (PGP)
  • Fellow Program in Management (FPM)
  • Post Graduate Program for Executives – Managing Business in India and China (PGPEx- MBIC)

IIM Rohtak

The Rohtak campus of IIM imparts MBA in the following courses:

Indian Institute of Management Rohtak
Credit: Wikiwand
  • Post Graduate Program in Management (PGPM)
  • Fellow Program in Management (FPM)
  • Executive Post Graduate Program in Management (EPGP)

IIM Tiruchirappalli

IIM in this Tamil Nadu district has the following options for MBA students:

IIM Trichy New Permanent Campus Opened
Credit: NDTV
  • Post Graduate Program in Business Management (PGPBM)
  • Fellow Program in Management (FPM)
  • Post Graduate Program in Management (PGPM)

IIM Visakhapatnam

Students of IIM Visakhapatnam can specialise in the following domains:

IIM Visakhapatnam
Credit: IIMV
  • Post Graduate Program in Management (PGP)
  • Post Graduate Certificate Program in Business Management for Experienced Professionals

IIM Fees for MBA: Scholarships

Some MBA scholarships provided by the IIMs are given below:

IIM Ahmedabad

  • IIMA Special Need-Based Scholarships
  • Family Income Linked Tuition Fee Waiver Scheme
  • IIMA Special Scholarships (need-based)
  • Industry Scholarships (need-based)
  • SC/ST Scholarships
  • GOI Merit-cum-Means Scholarships
  • Aditya Birla Group Scholarships
  • OP Jindal Engineering and Management Scholars
  • Dunia Scholarships for scholastic excellence
  • Ocwen Scholarship for Competence in Academics
  • ONGC SC/ST Merit-cum-Means Scholarships
  • State Scholarship

IIM Bangalore

  • Aditya Birla Scholarship
  • Uday Nayak Scholarship
  • T Thomas Scholarship
  • OBJETS Scholarship
  • Rajesh Kaushik Memorial Scholarship
  • Ocwen Financial Solutions Private Limited
  • Cognizant Technology Solutions – B’izard Scholar
  • Societe Generale Global Solution Centre India Scholarship

IIM Lucknow

  • Need-Based IIML Scholarships
  • Industry Sponsored Scholarships
  • Merit-cum-Means Scholarships
  • Bharti Scholarship
  • SC/ST Scholarships
  • Other Scholarships

IIM Calcutta

  • B.P. Poddar Scholarship
  • India Carbon Scholarship
  •  T. T. Krishnamachari Award
  • BPL Prize
  • Damodar Valley Corporation Award For Creditable Performance
  • Central Bank of India Prize For Best Performance In Finance Course
  • Aditya Kashyap Memorial Scholarship (for 1st rank holder)
  • P. R. Karthik Scholarship
  • B. S. Dua Memorial Prize for Organizational Ability
  • Dr B.C. Roy Memorial Prize for the most outstanding contribution to campus life in the year
  • Pawan Tyagi Prize for the best sportsperson of the year
  • Bharat Chamber of Commerce Medal for the most balanced and progressive outlook to management problems
  • Srinath Damarla Award for Outstanding Leadership Ability
  • Monalisa Gupta Memorial Award

There are other scholarships as well which you can check on the website of the specific IIM you apply to.

IIM MBA Salary Package

The table shows you the answer for the candidate who has a question about why IIM MBA fees are so high. Also, the IIM MBA package includes various components such as allowances, gross salary, reimbursements, pf, insurance, deductions, etc.

Indian Institutes of ManagementPackage offered in IndiaPackage offered International
IIM IndoreRs. 40.50 LakhsRs. 89.25 Lakhs
IIM AhmedabadRs. 70 LakhsRs. 83.51 Lakhs
IIM BangaloreRs. 50 LakhsRs. 62 Lakhs
IIM RanchiRs. 26 LakhsRs. 59.36 Lakhs
IIM SambalpurRs. 20 LakhsRs. 58 Lakhs
IIM KashipurRs. 28 LakhsRs. 48.50 Lakhs
IIM UdaipurRs. 27.50 LakhsRs. 33 Lakhs

IIM MBA Seat Intake 2022-23

There are a total of 20 IIMs in India, and each IIM reserves a certain number of seats for applicants who fall under the reserved categories of OBC (Other Backward Classes), SC (Scheduled Caste), ST (Scheduled Tribe), EWS (Economically Weaker Section), and PWD (Person with Disabilities). An observation of the reservation ratio for various categories is given in the table below:

IIM Seats Reservation Policy

The Indian Institute of Management adheres to the reservation policy of the central government of India. This academic institution has allocated the following percentage of seats to students of reserved categories:

CategoriesPercentage of reservation
NC-OBC27%
SC15%
ST7.5%
PwD5%
EWS10%

IIM Seat Intake

Tabulated below is the number of intakes for different campuses of the Indian Institute of Management:

IIMsNo. of seats*
IIM AhmedabadPGP – 398PGP FABM – 47
IIM BangaloreMBA – 412
IIM CalcuttaMBA – 480+
IIM LucknowPGP & PGP-AB – 436
IIM IndorePGP – 451
IIM KozhikodePGP – 360
IIM ShillongMBA – 125
IIM RaipurPGP – 260+
IIM RanchiPGP – 200+
IIM RohtakPGP – 140+
IIM KashipurMba – 90
IIM TrichyPGPM – 230PGPM-HR – 30
IIM UdaipurMBA – 325
IIM AmritsarMBA – 150+
IIM Bodh GayaMBA – 150+
IIM NagpurPGP – 225+
IIM SambalpurPGP – 180
IIM SirmaurMBA – 100+
IIM VisakhapatnamPGP – 12

FAQs on IIM Fees for MBA

Why are the fees of IIM so high?

IIMs are not funded by the government so they have to pay for their costs and expenses as well as for the top-class facilities that are provided to the students.

Which is the cheapest IIM?

IIM Amritsar and IIM Visakhapatnam have the lowest fees. You can refer to the list of IIMs and their fee structure above.

Do IIM fees include a hostel?

Most IIMs fees include the hostel fees but you should still check with the specific campus you are applying to. You can just go to their website to check it.

Can I study at IIM for free?

No, you will have to pay some part of the fees yourself. What you can do to fund your studies is apply for a scholarship or get an education loan that might help you with the cost.

We hope that it will help you in understanding the fee structure of the IIMs. You can learn about more scholarships, education loans and other management courses on Leverage Edu.

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