The Indian Institutes of Management (IIM) are premier, centrally funded business schools in India. As of 2026, there are 22 autonomous IIMs across the country, with IIM Guwahati being the newest campus.

IIMs offer undergraduate, postgraduate, doctoral, and executive programs in the field of business administration, alongside various other courses. The Indian Institutes of Management were established at the initiative of India's first Prime Minister, Jawaharlal Nehru, based on the recommendation of the Planning Commission of India.

Following the enactment of the Indian Institutes of Management Act, 2017, the Ministry of Human Resource Development (MHRD) declared the IIMs as Institutes of National Importance. Under this Act, the IIMs were granted greater autonomy in managing their day-to-day operations.

The Act replaced the IIM Council with the IIM Coordination Forum as the governing body for the institutes. The IIMs were given significant freedom to make decisions regarding their courses, fees, and other related matters.

Top IIMs, such as IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Indore, IIM Kozhikode, and IIM Lucknow, have consistently featured among the world's top 100 business schools in the “Financial Times” (a British daily newspaper) MBA rankings. Additionally, they have secured positions within the top 10 management schools in India according to the National Institutional Ranking Framework (NIRF) released by India's HRD Minister. 

IIM MBA Fees (2026-2028): The fee for the two-year MBA program at IIMs ranges from a minimum of ₹17.90 lakh to a maximum of ₹27.50 lakh, a difference of approximately ₹10 lakh. For the 2026-28 batch, the IIMs with the lowest fees are IIM Rohtak (₹17.90 lakh), IIM Bodh Gaya (₹17.96 lakh), and IIM Guwahati (₹18 lakh). The IIMs with the highest fees are the older (legacy) ones: IIM Ahmedabad is the most expensive (₹27.50 lakh), while the fees for IIM Bangalore and IIM Calcutta fall in the ₹25 to 27 lakh range.

Top 10 IIM Colleges in India Based on NIRF Rankings 2025:

In this article, CareerMantra.Org outlines the official fee structures for all 22 IIMs in India (based on official data). It also compares fees and placement records to identify the IIMs offering the best ROI (Return on Investment).

MBA Fees at IIMs (2026-2028): At a Glance

So far, 21 out of the 22 IIMs have released official fee documents, which have been verified by the CareerMantra.Org team. IIM fees in India for the 2026-28 batch can be categorised into three tiers. Fees for the newer IIMs range from ₹17.90 lakh to ₹21 lakh. Established second- and third-generation IIMs have fees ranging from ₹21 lakh to ₹24 lakh. Older IIMs, such as Ahmedabad, Bangalore, Calcutta, and Mumbai, fall into the bracket of ₹25 lakh and above.

The IIM MBA fees for the two-year MBA program at IIMs are listed in the table below. Please note that the fees shown in the table apply to different academic years. We will update our portal once the final fees for 2026 are announced.

Key details regarding the fees table: The course fee at IIM Indore is ₹24,00,000 (₹12,00,000 per academic year); including a refundable caution deposit of ₹50,000 and a mess deposit of ₹54,000, the total amount comes to ₹25,15,800. The fee of ₹17,90,000 at IIM Rohtak does not include charges for the mess, placement facilities, and development, nor does it cover alumni membership and caution money.

Also Read: Top MBA Colleges in India: Colleges, Rankings, Fees, Placements & Admission Guidance