IIM Fee Structure and Seats – IIM fees for the MBA program range from Rs 11.75 lakh to 32 lakh for its PGP flagship course. However, the newer IIM fees for MBA through CAT is under Rs 16 lakh. If a candidate planning to pursue an MBA program from IIM, they must know its fee and admission criteria. Although, IIMs also offers scholarship and provide financial assistance.
IIM Fees for MBA 2023
Every MBA aspirant has a desire to attend the Indian Institute of Management, or IIM, to begin their business and management careers. The Common Admission Test (CAT), a once-per-year national-level management entrance test, is used to determine admission to IIMs.
Although IIMs provide financing facilities, the increased IIM fee structure in recent years has caused candidates to reconsider choosing to pursue MBA admission at these institutions. In addition to the structure and IIM fees for MBA through CAT, IIM seats have also been steadily growing. Let’s examine the fundamental elements of IIM fees 2023 and the seats they are offering in more depth.
IIM Fee Structure and Seats 2023
Any candidate interested in pursuing management education from top IIMs in India looks out for two aspects: IIM fees and IIM seats. After the IIM Act, 2017, IIMs were granted autonomy for fee regulations and seat intake. In mid-2023, about half of the MBA fee of IIMs was increased. The IIMs with significant fee increases include old (Lucknow, Calcutta, and Bangalore), as well as the new IIMs (Jammu, Tiruchirappalli)
The IIM fees for MBA through CAT 2023 include the following expenses:
- Personal expenses
- Tuition fee
- Travel
- Boarding
- Mess charges
- Course material
- Internet
- Library
- Alumni activity
- Laptop and computer
- Miscellaneous expenses
IIM Fees for MBA
| IIM Campus | Fees (Approx.) |
|---|---|
| IIM Ahmedabad | Rs. 30,00,000 (Single Accommodation) / Rs. 32,00,000 (Married Student Housing) |
| IIM Bangalore | Rs. 24,50,000 |
| IIM Calcutta | Rs. 31,00,000 |
| IIM Kozhikode | Rs. 20,50,000 |
| IIM Lucknow | Rs. 20,75,000 |
| IIM Udaipur | Rs. 20,43,000 |
| IIM Raipur | Rs. 15,92,960 (Excluding boarding charges) |
| IIM Visakhapatnam | Rs. 18,25,250 (Excluding fees for international immersion programme) |
| IIM Rohtak | Rs. 17,90,000 |
| IIM Sambalpur | Rs. 13,07,400 |
| IIM Trichy | Rs. 19,50,000 |
| IIM Ranchi | Rs. 17,50,000 |
| IIM Sirmaur | Rs. 11,75,000 (Excluding fees for international immersion programme) |
| IIM Bodhgaya | Rs. 15,50,000 |
| IIM Jammu | Rs. 17,15,000 |
| IIM Amritsar | Rs. 17,30,000 |
| IIM Kashipur | Rs. 17,30,000 |
| IIM Shillong | Rs. 14,60,000 |
| IIM Indore | Rs. 21,14,222 |
| IIM Nagpur | Rs. 18,00,000 |
IIM Executive MBA Fees
Check out the IIM fees for the Executive MBA program 2023.
| Executive MBA Programme | Course Fee (Approx.) |
|---|---|
| IIM Ahmedabad Executive MBA | Rs. 25.00 Lakh |
| IIM Bangalore Executive MBA | Rs. 25.89 Lakh |
| IIM Calcutta MBAEx | Rs. 27.00 Lakh |
| IIM Lucknow IPMX | Rs. 23.50 Lakh |
| IIM Indore EPGP | Rs. 20.00 Lakh |
| IIM Kozhikode PGP BL | Rs. 22.50 Lakh |
IIM Scholarships 2023
IIMs offer various scholarships and grants scholarships to eligible candidates. These are some main types of scholarships offered:
- Merit Scholarship for candidates securing 95%ile or above in CA
- Need-cum-Merit Scholarship for candidates with family income less than Rs 5 lakh
- Merit Cum Means Scholarship for Professional and Technical Courses
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, and etc.
|
Indian Institutes of Management |
Package offered in India |
Package offered International (Lakhs) |
|
IIM Indore |
Rs. 40.50 Lacs |
Rs. 89.25 |
|
IIM Ahmedabad |
Rs. 70 Lacs |
Rs. 83.51 |
|
IIM Bangalore |
Rs. 50 Lacs |
Rs. 62 |
|
IIM Ranchi |
Rs. 26 Lacs |
Rs. 59.36 |
|
IIM Sambalpur |
Rs. 20 Lacs |
Rs. 58 |
|
IIM Kashipur |
Rs. 28 Lacs |
Rs. 48.50 |
|
IIM Udaipur |
Rs. 27.50 Lacs |
Rs. 33 |
IIM Seats Reservation Policy
|
Categories |
Percentage of reservation |
|
NC-OBC |
27% |
|
SC |
15% |
|
ST |
7.5% |
|
PwD |
5% |
|
EWS |
10% |
IIM Seat Intake
| IIM | Program | Number of Seats |
|---|---|---|
| IIM Ahmedabad | PGP | 398 |
| PGP FABM | 47 | |
| IIM Bangalore | MBA | 412 |
| IIM Calcutta | MBA | 480+ |
| IIM Lucknow | PGP & PGP-AB | 436 |
| IIM Indore | PGP | 451 |
| IIM Kozhikode | PGP | 360 |
| IIM Shillong | MBA | 125 |
| IIM Raipur | PGP | 260+ |
| IIM Ranchi | PGP | 200+ |
| IIM Rohtak | PGP | 140+ |
| IIM Kashipur | MBA | 90 |
| IIM Trichy | PGPM | 230 |
| PGPM-HR | 30 | |
| IIM Udaipur | MBA | 325 |
| IIM Amritsar | MBA | 150+ |
| IIM Bodh Gaya | MBA | 150+ |
| IIM Nagpur | PGP | 225+ |
| IIM Sambalpur | PGP | 180 |
| IIM Sirmaur | MBA | 100+ |
| IIM Visakhapatnam | PGP | 12 |
| IIM Jammu | MBA | 180+ |
FAQ's
The fees at IIM for one year is high. As per the IIM fees structure, the fees of the MBA course range from Rs. 23 lakh (IIM Ahmedabad, IIM Bangalore, IIM Calcutta) to Rs. 10 lakh (IIM Bodhgaya). The fees include expenses of the international immersion programme.
The government has no say in determining the IIM fees for any course. IIM fee structure and IIM seat intake are decided by respective IIM on the basis of certain factors.
IIMs are top management institutes in India that focus on high-quality education. Hence, the IIM college fee is high as compared to other B-Schools. The same goes with IIM Ahmedabad and its fees.
Yes, several nationalized banks offer education loans up to Rs. 10 lakh. Students can also apply for IIMs scholarship schemes.
Each IIM has its own fee structure for MBA 2023, but for IIM A, B & C, the fee is in the range of Rs.14 to 16 lakh for a 2 year PGP flagship course.
