What is the Cost of MBA in IIM?

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. 

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. 

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

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. 

Related Reads on IIM

How Much Percentile is Required for IIM?	IIM Short-Term Courses 2023-24: Fees and Duration
IIM BBA Fees & IIM MBA Fees	IIM Admissions 2023-24: Dates (OUT), Full Process
IIM Bangalore Scholarships	How to Get Admission in IIM?

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