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What is the Cost of MBA in IIM? Before enrolling yourself in IIM for the Master in Business Administration or MBA program, you must know the fee structure which will help you make a proper financial decision. It can be noted that the IIM fees range anywhere between INR 16 Lakhs to INR 27 Lakhs. However, this number varies from branch to branch and the program that you have opted for. Here’s a blog on what is the cost of an MBA in IIM and what are the options through which you can pay the fees.
Table of Contents
IIM Fees Structure for MBA: Components
If you plan to pursue an MBA course in some of the most renowned colleges in the IIM, you must know all the components that make the IIM fees. By knowing so, you can make financial decisions and arrangements accordingly. Below is the list of components that are included in the fee structure in all of the IIMs in India.
- Tuition Fees
- Personal Expenses
- Travel
- Boarding
- Library
- Course Material
- Laptop and Computer
- Internet
- Alumni Activities
- Miscellaneous Expenses
Candidates must note that the fees for the MBA programme at IIM are to be paid semester-wise.
List of IIM Fees for MBA/PGP
Below is the list of MBA/PGP programme fees for all the IIMs. Note that the fees mentioned below a course fees of full-time for MBA/PGP. The fees may vary every year.
| IIM Campus | IIM MBA Fees (In Lakhs) |
| IIM Ahemadabd | INR 24.61 lakh |
| IIM Calcutta | INR 27.00 Lakh |
| IIM Bangalore | INR 24.50 lakh |
| IIM Kozhikode | INR 20.50 lakh |
| IIM Lucknow | INR 20.70 lakh |
| IIM Raipur | INR 16.10 (excluding boarding fees) |
| IIM Rohtak | INR 17.60 lakh |
| IIM Udaipur | INR 19.00 lakh |
| IIM Sambalpur | INR 13.08 lakh |
| IIM Trichy | INR 21.00 lakh |
| IIM Ranchi | INR 17.50 lakh |
| IIM Visakhapatnam | INR 17.58 lakh |
| IIM Sirmaur | INR 15.75 lakh (including fees for international immersion programme) |
| IIM Jammu | INR 17.15 lakh |
| IIM Amritsar | INR 16.00 lakh |
| IIM Bodhgaya | INR 15.50 lakh |
| IIM Kashipur | INR 17.30 lakh |
| IIM Nagpur | INR 18.00 lakh |
| IIM Indore | INR 21.14 lakh |
| IIM Shillong | INR 17.50 lakh |
Also Read: Top 10 MBA Colleges in Surat: Total Fees, ROI & More
List of IIM Fees of Executive MBA Programme
Here are the fees for the executive MBA programme that is offered at the IIMs.
| Executive MBA Programme | Average Fees (In Lakhs) |
| IIM Ahmedabad – PGPX | INR 30.00 Lakh |
| IIM Calcutta – MBAEx | INR 27.00 Lakh |
| IIM Indore – EPGP | INR 22.11 Lakh |
| IIM Bangalore – EPGP | INR 29.00 Lakh |
| IIM Lucknow – IPMX | INR 23.50 lakh |
| IIM Kozhikode-PGP BL | INR 22.50 lakh |
Also Read: Top MBA Colleges in Kerala: Fees, Ranking, Latest Updates
How to Pay IIM MBA Fees?
All students are expected to pay the IIM fees semester-wise just like what happens in installments. However, many MBA aspirants take education loans to help them complete their studies. In this process, banks visit the college campuses at the time of admission and help students (interested in education loans) in taking admission.
Another way to fund your education is to opt for scholarships that are offered at IIMs. IIMs offer students with merit-based or merit-cum-need based scholarships. You can always look at the scholarship process at the time of getting admission.
IIM MBA Salary Package
Candidates can check the table given below to learn more about IIM MBA salary packages offered at different IIMs in India.
| Indian Institutes of Management | Package Offered in India | Package Offered International |
| IIM Ahmedabad | INR 70 Lakhs | INR 83.51 Lakhs |
| IIM Sambalpur | INR 20 Lakhs | INR 58 Lakhs |
| IIM Kashipur | INR 28 Lakhs | INR 48.50 Lakhs |
| IIM Udaipur | INR 27.50 Lakhs | INR 33 Lakhs |
| IIM Bangalore | INR 50 Lakhs | INR 62 Lakhs |
| IIM Ranchi | INR 26 Lakhs | INR 59.36 Lakhs |
| IIM Indore | INR 40.50 Lakhs | INR 89.25 Lakhs |
Related Reads on IIM
FAQs
To study MBA at an IIM students must know that the fee structure can vary anywhere between INR 16 Lakhs to INR 27 Lakhs.
IIM Amritsar, IIM Bodhgaya, IIM Jammu are some of the colleges that are affordable for studying MBA.
IIMs are one of the most renowned institutes in India. They are public (government) colleges.
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