Dreaming of an MBA from a prestigious Indian Institute of Management (IIM)?
You’re not alone! As one of India’s top business schools, IIMs offer world class education, placements, and a transformative experience, but the cost can feel daunting.
Understanding IIM MBA fees is the first step to planning your journey. Whether you’re eyeing IIM Ahmedabad’s iconic campus or a newer institute like IIM Sambalpur, this guide breaks down the costs, from tuition to living expenses, and shares tips to make your IIM dream financially achievable.
With fees ranging from INR 11.75 lakh to INR 31 lakh, let’s explore how to budget smartly and uncover scholarships or loans to ease the burden.
🎓 IIM MBA Fee Calculator
What are IIMs?
The Indian Institutes of Management, commonly referred to as IIM, is a public business school owned by the central government of India.
The IIMs offer several study courses like MBA Executive, doctoral, postgraduate, and undergraduate, as well as business administration-related additional courses.
The flagship program of IIM is the MBA or Master of Business Administration program, which is offered as a one-year global MBA program or a two-year Postgraduate Program in Management (PGP).
Average Cost of Studying in IIMs
There are several IIMs in India, the prominent three being IIM Ahmedabad, IIM Bangalore, and IIM Calcutta also referred to as IIM-A, IIM-B, and IIM-C, respectively. The MBA fee structure of all the IIMs varies between INR 16 Lakh and INR 27 Lakh.
The IIM MBA fees for the top three institutes are the highest and range between INR 24 Lakhs and INR 27 Lakhs, and for newly opened institutes, the fee varies between INR 16 Lakhs to INR 19 Lakhs.
There is a distinct difference between the fee structure of older and newly built IIMs because the new IIMs are financially backed by the government, unlike the older ones, which bear the maintenance and other expenses by themselves.
Here’s a twitter post I found from 2020 that says a lot about increased IIM MBA Fees.
IIM MBA Fee Structure
The IIM fee structure includes
- IIM Tuition fees
- Traveling expenses
- Boarding fees
- Personal expenses
- Library fees
- Cost of Eating in the Mess
- Internet expenses
- Cost of books and course materials
- Computer/laptop cost
- Study tours
- Alum activity
- Miscellaneous expenses
Students can pay the total IIM tuition fees at one go or opt for a semester-wise payment schedule, whichever they find comfortable.
Also Read: IIT BTech Fee structure
Top 10 IIM MBA Fees List
| IIM Campus | Total IIM Tuition Fees |
| IIM Ahmedabad | INR 24.61 lakh |
| IIM Bangalore | INR 24.50 lakh |
| IIM Calcutta | INR 25.00 lakh |
| IIM Lucknow | INR 20.70 lakh |
| IIM Kozhikode | INR 20.50 lakh |
| IIM Raipur | INR 16.10 lakh (excluding boarding fees) |
| IIM Udaipur | INR 19.00 lakh |
| IIM Rohtak | INR 17.60 lakh |
| Visakhapatnam | INR 17.58 lakh |
| IIM Trichy | INR 19.5 lakh |
Overview Of Top 3 IIMs Fee Structure
1. IIM Ahmedabad Fee Structure
IIM Ahmedabad is the country’s most popular and most expensive IIM, offering Business & Management Studies.
The institute offers several facilities like a hostel, library, cafeteria, labs, gym, music room, wi-fi campus, auditorium, medical facilities, sports complex, and a/c classroom.
The total tuition fee structure for the different courses is:
| Course | Total Tuition Fees | Duration |
| MBA/PGDM (3 courses – 50 seats) | INR 12 lakh – INR 24.61 lakh | For 16 months – 2 years |
| Executive MBA/PGDM (1 course – 140 seats) | INR 31.5 Lakh | 1 year |
| MMS (1 course) | INR 20 lakh | 2 years |
| Certificate (2 courses – 60 seats) | INR 1.57 lakh | 4 – 6 months |
2. IIM Bangalore Fee Structure
IIM Bangalore was established in 1973 with NIRF ranking two and a 100-acre campus area, the IIM fee structure covers fees for personal accident insurance and medical insurance besides the regular fee structure offered by almost all the IIMs.
Statistics of Bangalore placement 2022 show that 137 companies visited the campus and made 662 offers. The median and average package offered was INR 31.20 lakh per annum and INR 33.82 lakh per annum, respectively.
| Course | Total Tuition Fees | Duration |
| MBA/PGDM (4 courses – 635 seats) | INR 12.5 – INR 24.5 lakh | 1 year – 2 years |
| Certificate (79 courses) | INR 65 k – INR 17.75 lakh | 2 days – 15 months |
| Executive MBA/PGDM (1 course – 75 seats) | INR 23 lakh | 1-year |
3. IIM Calcutta Fee Structure
IIM Calcutta ranked 3rd under the NIRF rankings and was the first to be established under IIM legacy. According to the available statistics for 2022, the placement percentage of the institute last year was 100%, as 190+ companies visited the campus, and 631 offers were made to the students.
| Course | Total Tuition Fees | Duration |
| MBA/PGDM (3 courses) | INR 23.2 lakh – INR 25 lakh | 2 years |
| Executive MBA/PGDM (2 courses) | INR 13.5 lakh to 31 lakh | 1 year |
| Certificate (35 courses) | INR 2.5 lakh – 12.89 lakh | 6 months – 1 year |
An elite collection of management schools in India known as the Indian Institutes of Management (IIMs) are renowned for their demanding academic curricula and superior management education.
In India, there are 20 IIMs, each with special qualities and advantages. Here are the IIMs available in India:
| IIM | Location | Annual Fee for PGP (Latest Available) |
| IIM Ahmedabad | Ahmedabad, Gujarat | Approximately INR 30 lakhs |
| IIM Bangalore | Bangalore, Karnataka | Approximately INR 24 lakhs |
| IIM Calcutta | Kolkata, West Bengal | Approximately INR 31 lakhs |
| IIM Lucknow | Lucknow, Uttar Pradesh | Approximately INR 19 lakhs |
| IIM Kozhikode | Kozhikode, Kerala | Approximately INR 19.5 lakhs |
| IIM Indore | Indore, Madhya Pradesh | Approximately INR 20 lakhs |
| IIM Shillong | Shillong, Meghalaya | Approximately INR 14.3 lakhs |
| IIM Rohtak | Rohtak, Haryana | Approximately INR 16.9 lakhs |
| IIM Ranchi | Ranchi, Jharkhand | Approximately INR 16.3 lakhs |
| IIM Trichy | Tiruchirappalli, Tamil Nadu | Approximately INR 19.5 lakhs |
| IIM Kashipur | Kashipur, Uttarakhand | Approximately INR 17.3 lakhs |
| IIM Udaipur | Udaipur, Rajasthan | Approximately INR 20.4 lakhs |
| IIM Raipur | Raipur, Chhattisgarh | Approximately INR 16.5 lakhs |
| IIM Nagpur | Nagpur, Maharashtra | Approximately INR 18 lakhs |
| IIM Visakhapatnam | Visakhapatnam, Andhra Pradesh | Approximately INR 18.2 lakhs |
| IIM Bodh Gaya | Bodh Gaya, Bihar | Approximately INR 15.5 lakhs |
| IIM Amritsar | Amritsar, Punjab | Approximately INR 17 lakhs |
| IIM Sirmaur | Sirmaur, Himachal Pradesh | Approximately INR 11.75 lakhs |
| IIM Sambalpur | Sambalpur, Odisha | Approximately INR 13 lakhs |
| IIM Jammu | Jammu, Jammu and Kashmir | Approximately INR 17 lakhs |
Let’s have a look at the Top 10 IIMs with their Annual Fee. Remember, IIMs often provide scholarships and financial assistance to eligible students based on various criteria, so prospective applicants are encouraged to check the most up-to-date fee structures and financial aid options on the respective IIMs’ official websites.
Fees for Indians and Foreign Nationals at IIMs
1. IIM Ahmedabad
The PGP (Post Graduate Programme) and PGP-FABM (Post Graduate Programme in Food and Agribusiness Management) are only two of the postgraduate programs it provides.
One of India’s top business schools is IIM Ahmedabad.
The annual cost of the PGP program is around INR 30 lakhs for Indian citizens and USD 85,000 for foreign students.
2. IIM Bangalore
Another esteemed IIM, IIM Bangalore is renowned for its demanding academic programs.
The PGP, PGPEM (Post Graduate Programme in Enterprise Management), and PGPPM (Post Graduate Programme in Public Policy and Management) are all programs offered by the institute.
The annual cost of the PGP program is around INR 24 lakhs for Indian citizens and USD 85,000 for foreign students.
3. IIM Kolkata
One of the original IIMs, IIM Calcutta is well known for its management programmes. It provides a variety of management courses, including the PGDM (Post Graduate Diploma in Management).
For Indian citizens and overseas students, the average yearly cost of the PGDM program is roughly INR 31 lakhs and USD 92,500, respectively.
4. IIM Lucknow
The academic offerings and research initiatives of IIM Lucknow are renowned for their variety.
It offers courses including PGP, WMP (Working Managers Programme), and IPMX (International Programme in Management for Executives).
The yearly cost of the PGP program is around INR 19.25 lakhs (for Indian citizens) and USD 63,500 (for students from other countries).
5. Kozhikode IIM
The unique programs and instructional strategies used at IIM Kozhikode are well-known.
It provides the PGP, EPGP (Executive Post Graduate Programme), and PGP-BL (Post Graduate Programme in Business Leadership).
The yearly cost of the PGP program is around INR 19.50 lakhs (for Indian citizens) and USD 60,000 (for students from other countries).
6. IIM Raipur
One of the most recent IIMs, IIM Raipur, is rapidly rising to prominence. It offers the Executive Fellow Programme in Management (EFPM) and PGP. For Indian nationals, the PGP program’s annual cost is around INR 16.5 lakhs.
7. IIM Udaipur
The picturesque campus and management programs of IIM Udaipur are well-known. The PGP and PGPX (Post Graduate Programme for Executives) are available there. For Indian nationals, the PGP program’s annual cost is around INR 20.4 lakhs.
8. IIM Rohtak
The IIM Rohtak is renowned for its dedication to top-notch management education. It offers the Post Graduate Programme (PGP), Integrated Programme in Management (IPM), and Executive Post Graduate Programme (EPGPX).
For Indian nationals, the PGP program’s annual cost is around INR 16.90 lakhs.
9. IIM Visakhapatnam
IIM Visakhapatnam, one of the most recent IIMs, is expanding quickly. The PGP and FPM (Fellow Programme in Management) are available. For Indian nationals, the PGP program’s annual cost is around INR 18.20 lakhs.
10. Tiruchirappalli’s IIM Trichy
The management programs and emphasis on research at IIM Trichy are well-known. Both the PGP and FPM are offered.
For Indian nationals, the PGP program’s annual cost is around INR 19.50 lakhs.
Factors Influencing IIM MBA Fees
The cost of pursuing an MBA at IIMs depends on several factors:
1.Institute Reputation and Ranking
Older IIMs like Ahmedabad, Bangalore, and Calcutta charge higher fees due to their established reputation, world-class faculty, and superior placement records. For instance, IIM Ahmedabad’s fees are around INR 24.61 lakh, reflecting its top-tier status.
2.Infrastructure and Facilities
Institutes with modern campuses, advanced labs, and extensive libraries (e.g., IIM Bangalore’s 100-acre campus) have higher maintenance costs, which are reflected in the fees.
3. Government Funding
Newer IIMs, such as IIM Sambalpur or IIM Sirmaur, receive government support, resulting in lower fees (INR 11.75 lakh to INR 18.2 lakh).
4. Program Duration and Type
One-year executive MBA programs (e.g., IIM Calcutta’s Executive MBA at INR 31 lakh) are often pricier than two-year PGP programs due to their intensive nature.
Scholarships and Financial Aid for IIM MBA Students
Merit-Based Scholarships
Most IIMs, including IIM Ahmedabad and IIM Bangalore, offer scholarships for academically outstanding students. For example, IIM Calcutta’s merit-cum-means scholarship covers up to 50% of tuition fees for eligible candidates.
Need Based Financial Aid
IIMs provide financial assistance to students from economically weaker sections. IIM Lucknow’s need-based scholarship supports up to 100% of tuition fees for qualifying students.
Education Loans
Banks like SBI, HDFC, and Axis Bank offer education loans with competitive interest rates (8-11% p.a.) for IIM students. EduFund’s platform can help you compare loan options and estimate EMIs.
Corporate Sponsorships
Some IIMs, like IIM Kozhikode, partner with corporates to sponsor students in exchange for work commitments post-graduation.
What Are Actual IIM MBA FEES?
The cost of pursuing an MBA at a top-tier IIM varies significantly, ranging from INR 16.10 lakh at IIM Raipur to INR 25.00 lakh at IIM Calcutta. While these figures represent a substantial financial investment, the unparalleled academic rigor, global recognition, and strong career prospects of an IIM degree make it a valuable. Prospective students should carefully assess these costs, explore financial aid options like scholarships and loans, and weigh the long-term benefits of an IIM education to make an informed decision that aligns with their career aspirations and financial plans.
FAQs
What is the average cost of an MBA at IIMs?
The average cost of an MBA at IIMs ranges from INR 16 lakh to INR 27 lakh for the two-year PGP program. Older IIMs like Ahmedabad, Bangalore, and Calcutta charge INR 24-27 lakh, while newer IIMs like Sirmaur or Sambalpur charge INR 11.75-18.2 lakh.
What expenses are included in IIM MBA fees?
IIM MBA fees typically cover tuition, boarding, library access, internet, mess charges, and study materials. Additional costs like personal expenses, travel, and laptops are usually not included
Can I get a scholarship to reduce IIM MBA fees?
Yes, IIMs offer merit-based and need-based scholarships. For instance, IIM Bangalore provides scholarships covering up to 50% of tuition for eligible students.
How can I finance my IIM MBA?
You can finance your IIM MBA through education loans, scholarships, or personal savings. Banks like SBI and HDFC offer loans with favorable terms. EduFund’s platform can help you compare loan options and plan repayments.
