IIM Fees for 2023: Know more about IIM fee structure and IIMs with low fee

IIM Fees for 2023: Know more about IIM fee structure and IIMs with low fee

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IIMs in India are generally known for their 2-year flagship MBA programs. Every year around 2 to 2.25 lakh students give CAT entrance exam. On the basis of CAT score, students can get admission in IIMs. IIM fees range between Rs 13 lakh to Rs 27 lakh, which seems a bit expensive to most people, but is worth it based on the knowledge, experience and placements provided by IIMs.

The IIM MBA fees of top and old IIMs like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow etc. are generally more than Rs 20 lakh to 27 lakh. The fee for second generation IIMs like IIM Ranchi, IIM Rohtak, IIM Kashipur, IIM Udaipur etc. ranges between Rs 14 lakh to Rs 20 lakh. Lastly, for newer IIMs like IIM Bodh Gaya, IIM Nagpur, IIM Shillong etc. the IIM MBA fee starts from Rs 13 and can go up to 20 Lakh.

There are many IIMs that offer scholarships to the students to support their financial expenses. Scholarships are usually merit or need-based. Some IIMs help students to get student loans, so that they can finance their studies in advance. The total IIM MBA fee for all IIMs is given in the table below:

Top IIMs Fee 2023:

Name And Location of IIMsFee 2022Fee 2023Fee 2024
IIM AhmedabadINR 24.61 LakhINR 24.61 LakhTo be Announced
IIM BangaloreINR 23.20 LakhINR 24.70 LakhTo be Announced
IIM CalcuttaINR 23.50 LakhINR 27.00 LakhTo be Announced
IIM LucknowINR 21.75 LakhINR 21.75 LakhTo be Announced
IIM IndoreINR 21.17 LakhINR 21.17 LakhTo be Announced
IIM KozhikodeINR 20.50 LakhINR 20.50 LakhTo be Announced
IIM RaipurINR 15. 10 LakhINR 15.92 LakhTo be Announced
IIM Ranchi15.00 LakhINR 17.20 LakhTo be Announced
IIM Rohtak16.10 LakhINR 17.90 LakhTo be Announced
IIM Shillong 14.60 LakhINR 14.60 LakhTo be Announced

New IIMs Fees: According to the Ministry of Education, IIMs are now open in 20 states across India, with the latest being the Indian Institute of Management, Jammu, which was established in 2016. Here is a list of new IIMs that have opened in India in the last 10 years.

Name And Location of IIMsFee 2022Fee 2023Fee 2024
IIM AmritsarINR 16.00 LakhINR 17.30 LakhTo be Announced
IIM Bodh GayaINR 14.95 LakhINR 17.00 LakhTo be Announced
IIM JammuINR 14.82 LakhINR 17. 15 LakhTo be Announced
IIM Kashipur15.42 LakhINR 17.30 LakhTo be Announced
IIM NagpurINR 18.00 LakhINR 19.40 LakhTo be Announced
IIM SambalpurINR 13.08 LakhINR 13.08 LakhTo be Announced
IIM SirmaurINR 14.00 LakhINR 16.30 LakhTo be Announced
IIM Trichy19.50 LakhINR 19.50 LakhTo be Announced
IIM Udaipur19.00 LakhINR 20.43 LakhTo be Announced
IIM VisakhapatnamINR 16.80 LakhINR 18.25 LakhTo be Announced

IIMs With Low Fee Structure 2023:

Name and Location of IIMSFees 2023
IIM SambalpurINR 13.08 Lakh
IIM ShillongINR 14.60 Lakh
IIM RaipurINR 15.93 Lakh
IIM SirmaurINR 16.30 Lakh
IIM Bodh GayaINR 17.00 Lakh
IIM JammuINR 17.15 Lkah
IIM AmritsarINR 17.30 Lakh

IIM MBA Scholarships

IIM offers various scholarships to deserving candidates coming from economically weaker backgrounds. There are mainly two types of scholarships being offered:

A) Scholarship for candidates from economically weak background

B) Scholarship for meritorious students

IIM Ahmedabad Total Fee:

Tuition FeeINR 18.19 Lakh
Hostel FeeINR 1. 71 Lakh
Total FeeINR 24.61 Lakh

IIM Bangalore Total Fee:

Tuition FeeINR 24.50 Lak
Mess ChargesINR 1.20 Lak
Caution Deposit (General + Hostel)INR 20 K
total FeeINR 25.90

IIM Calcutta Total Fee:

Commitment FeeINR 2 Lakh 
Tuition FeeINR 29 Lakh
Security Deposit (Refundable)INR 60 K
Total Fee31 Lakh


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