What is the Cost of MBA in IIM?

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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. 

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 CampusIIM MBA Fees (In Lakhs)
IIM AhemadabdINR 24.61 lakh
IIM CalcuttaINR 27.00 Lakh
IIM BangaloreINR 24.50 lakh
IIM KozhikodeINR 20.50 lakh
IIM LucknowINR 20.70 lakh
IIM RaipurINR 16.10 (excluding boarding fees)
IIM RohtakINR 17.60 lakh
IIM UdaipurINR 19.00 lakh
IIM SambalpurINR 13.08 lakh
IIM TrichyINR 21.00 lakh
IIM RanchiINR 17.50 lakh
IIM VisakhapatnamINR 17.58 lakh
IIM SirmaurINR 15.75 lakh (including fees for international immersion programme)
IIM JammuINR 17.15 lakh
IIM AmritsarINR 16.00 lakh
IIM BodhgayaINR 15.50 lakh
IIM KashipurINR 17.30 lakh
IIM NagpurINR 18.00 lakh
IIM IndoreINR 21.14 lakh
IIM ShillongINR 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 ProgrammeAverage Fees (In Lakhs)
IIM Ahmedabad – PGPXINR 30.00 Lakh
IIM Calcutta – MBAExINR 27.00 Lakh
IIM Indore – EPGPINR 22.11 Lakh
IIM Bangalore – EPGPINR 29.00 Lakh
IIM Lucknow – IPMXINR 23.50 lakh
IIM Kozhikode-PGP BLINR 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 ManagementPackage Offered in IndiaPackage Offered International
IIM AhmedabadINR 70 LakhsINR 83.51 Lakhs
IIM SambalpurINR 20 LakhsINR 58 Lakhs
IIM KashipurINR 28 LakhsINR 48.50 Lakhs
IIM UdaipurINR 27.50 LakhsINR 33 Lakhs
IIM BangaloreINR 50 LakhsINR 62 Lakhs
IIM RanchiINR 26 LakhsINR 59.36 Lakhs
IIM IndoreINR 40.50 LakhsINR 89.25 Lakhs

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 FeesIIM Admissions 2023-24: Dates (OUT), Full Process
IIM Bangalore ScholarshipsHow to Get Admission in IIM?


What are the MBA fees for studying at IIM?

To study MBA at an IIM students must know that the fee structure can vary anywhere between INR 16 Lakhs to INR 27 Lakhs.

Which IIM is affordable for studying MBA?

IIM Amritsar, IIM Bodhgaya, IIM Jammu are some of the colleges that are affordable for studying MBA.

Is IIM government or private?

IIMs are one of the most renowned institutes in India. They are public (government) colleges. 

This was all about the “What is the cost of MBA in IIM”. For more informative blogs, check out our Management Exams Section, or you can learn more about us by visiting our Indian exams page.

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