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 IIMs | Fee 2022 | Fee 2023 | Fee 2024 |
IIM Ahmedabad | INR 24.61 Lakh | INR 24.61 Lakh | To be Announced |
IIM Bangalore | INR 23.20 Lakh | INR 24.70 Lakh | To be Announced |
IIM Calcutta | INR 23.50 Lakh | INR 27.00 Lakh | To be Announced |
IIM Lucknow | INR 21.75 Lakh | INR 21.75 Lakh | To be Announced |
IIM Indore | INR 21.17 Lakh | INR 21.17 Lakh | To be Announced |
IIM Kozhikode | INR 20.50 Lakh | INR 20.50 Lakh | To be Announced |
IIM Raipur | INR 15. 10 Lakh | INR 15.92 Lakh | To be Announced |
IIM Ranchi | 15.00 Lakh | INR 17.20 Lakh | To be Announced |
IIM Rohtak | 16.10 Lakh | INR 17.90 Lakh | To be Announced |
IIM Shillong | 14.60 Lakh | INR 14.60 Lakh | To 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 IIMs | Fee 2022 | Fee 2023 | Fee 2024 |
IIM Amritsar | INR 16.00 Lakh | INR 17.30 Lakh | To be Announced |
IIM Bodh Gaya | INR 14.95 Lakh | INR 17.00 Lakh | To be Announced |
IIM Jammu | INR 14.82 Lakh | INR 17. 15 Lakh | To be Announced |
IIM Kashipur | 15.42 Lakh | INR 17.30 Lakh | To be Announced |
IIM Nagpur | INR 18.00 Lakh | INR 19.40 Lakh | To be Announced |
IIM Sambalpur | INR 13.08 Lakh | INR 13.08 Lakh | To be Announced |
IIM Sirmaur | INR 14.00 Lakh | INR 16.30 Lakh | To be Announced |
IIM Trichy | 19.50 Lakh | INR 19.50 Lakh | To be Announced |
IIM Udaipur | 19.00 Lakh | INR 20.43 Lakh | To be Announced |
IIM Visakhapatnam | INR 16.80 Lakh | INR 18.25 Lakh | To be Announced |
IIMs With Low Fee Structure 2023:
Name and Location of IIMS | Fees 2023 |
IIM Sambalpur | INR 13.08 Lakh |
IIM Shillong | INR 14.60 Lakh |
IIM Raipur | INR 15.93 Lakh |
IIM Sirmaur | INR 16.30 Lakh |
IIM Bodh Gaya | INR 17.00 Lakh |
IIM Jammu | INR 17.15 Lkah |
IIM Amritsar | INR 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 Fee | INR 18.19 Lakh |
Hostel Fee | INR 1. 71 Lakh |
Total Fee | INR 24.61 Lakh |
IIM Bangalore Total Fee:
Tuition Fee | INR 24.50 Lak |
Mess Charges | INR 1.20 Lak |
Caution Deposit (General + Hostel) | INR 20 K |
total Fee | INR 25.90 |
IIM Calcutta Total Fee:
Commitment Fee | INR 2 Lakh |
Tuition Fee | INR 29 Lakh |
Security Deposit (Refundable) | INR 60 K |
Total Fee | 31 Lakh |