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Every aspiring MBA aspirant wants to know the IIM fee structure for MBA programs as they are among the most prestigious MBA institutions in India. The IIM Fee structure consists of various charges that a student must pay to the respective IIM for studying there. The latest fee structure of the IIM MBA program ranges from Rs. 13 lakhs to Rs 31 lakhs. The fees for the MBA program at IIMs also vary for the two different MBA programs: a two-year MBA program and 1 year MBA (Executive MBA) program. The IIM Fee structure for MBA programs for different IIMs is given below in the article.
IIM Fee Structure for MBA Programs
The IIM Fee Structure for MBA programs from the top 3 IIMs ranges between INR 24 lakhs to INR 31 lakhs while the fee structure for the MBA programs at new IIMs range between INR 13 lakhs to INR 19 lakhs. The reason for the difference in the MBA fee structure between the new and old IIMs is that the government provides financial support to the new IIMs, but not to the older IIMs for expenses like maintenance. However, IIMs also offer financial aid and scholarships for IIM MBA fees.
The IIM Fee structure for MBA programs is important for students to know. The 1-year MBA Executive fees at the IIMs vary from Rs 20 lakhs to Rs 27 lakhs. Even though IIMs provide financing facilities, aspirants are now more hesitant to choose MBA enrollment at these universities due to the recent increase in IIM fees. The Common Admission Test (CAT), a once-yearly national management entrance exam, is used to determine admission to IIMs. For informing students about the IIM Fees, we have listed the fee structure of different IIMs in this article.
Components of IIM Fee Structure For MBA Programs
The Fee structure for the IIM MBA programs consists of various components including academic fees, accommodation fees, meals expenses, as well as additional expenses for services and utilities. The IIM charge fees for different types of facilities provided by the institute. Program fees for foreign immersion are also included in the IIM Fee structure. The various components that make the IIM Fee structure is given below.
- Tuition fees
- Accommodation Fees
- Course materials Fees
- Library access
- Dining charges
- Laptop and computer facilities
- Personal expenses
- Travel
- Internet usage
- Alumni activities
- Miscellaneous expenses
IIM Fees For MBA 2 Years 2024
The latest MBA fee structure for different IIMs is released by the respective IIMs. As the CAT 2023 result has been declared, students who have scored enough to get into the IIMs should review the MBA fee structure for 2024. The IIM MBA (2 year) fee structure is tabulated below for different IIMs.
| IIM Name | IIM Fee Structure |
| IIM Amritsar | Rs 16 Lakhs |
| IIM Ahmedabad | Rs 24.61 Lakh |
| IIM Bodh Gaya | Rs 15.50 Lakh |
| IIM Bangalore | Rs 24.5 Lakh |
| IIM Calcutta | Rs 31 Lakh |
| IIM Jammu | Rs 17.15 Lakh |
| IIM Indore | Rs 21.14 Lakh |
| IIM Kozhikode | Rs 20.50 Lakh |
| IIM Kashipur | Rs 17.3 Lakh |
| IIM Nagpur | Rs 18 Lakh |
| IIM Lucknow | Rs 20.7 Lakh |
| IIM Ranchi | Rs 17.5 Lakh |
| IIM Raipur | Rs 16.1 Lakh |
| IIM Rohtak | Rs 17.6 Lakh |
| IIM Sambalpur | Rs 13.08 Lakh |
| IIM Shillong | Rs 17.5 Lakh |
| IIM Trichy | Rs 21 Lakh |
| IIM Visakhapatnam | Rs 17.58 Lakh |
| IIM Udaipur | Rs 19 Lakh |
IIM Executive MBA Fee Structure
IIMs also offer 1-Year MBA program called the Executive MBA program for individuals having desired work experience in years. The Executive MBA fee structure for different IIMs is shown below.
IIM Ahmedabad: Rs 25 lakhs
IIM Bangalore: Rs 27 lakhs
IIM Calcutta: Rs 25.89 lakhs
IIM Lucknow: Rs 23.5 lakhs
IIM Indore: Rs 20 lakhs
IIM Kozhikode: Rs 22.5 lakhs
IIM Ahmedabad Fees for MBA 2 Years
The IIM Ahmedabad Fee structure is more than 24 lakhs for the 2 year MBA program. The MBA fee structure at IIM Ahmedabad varies for single students and married couples. The MBA fee structure in detail is tabulated hereunder.
| Program Phase | Single Students | Married Couples |
| 1st Commitment | Rs 2,00,000 | Rs. 2,00,000 |
| 2nd Commitment | Rs 12,00,000 | Rs 12,00,000 |
| Balanced Course Fee | Rs 16,00,000 | Rs 18,00,000 |
| Refundable Amount | Rs 70,000 | Rs 35,000 |
IIM Bangalore Fees for MBA 2 Years
The total cost of the MBA or PGP programs at IIM Bangalore is around Rs. 24,50,000. The MBA IIM Bangalore fees will pay for the course materials, internet, library, IIM housing costs, and additional expenses. Students will be expected to pay the caution deposit and mess in advance in addition to the IIM Bangalore fees. The detailed IIM Bangalore Fees for 2-Year MBA program is given below.
MBA Fees: Rs 24,50,000
Caution deposit: Rs 15,000
Caution deposit for Hostel: Rs 5000
IIM Calcutta Fees for MBA 2 Years Through CAT
The fee structure for the PGP program at Indian Institute of Management (IIM) Calcutta has been made public. The MBA program at IIM Calcutta costs Rs 31,00,000 in total. The MBA/PGP costs at IIM Kolkata cover books and tuition as well as living expenses, course materials, and the cost of the study tours that IIM C arranges. The detailed fee structure of the IIM Calcutta is given below.
| Particulars | Fee Structure |
| Commitment fee at seat acceptance | Rs 2,00,000 |
| 2nd installment | Rs 10,00,000 |
| 3rd installment | Rs 10,00,000 |
| 4th installment | Rs 9,00,000 |
| Security deposit | Rs 60,000 |
IIM Lucknow Fee Structure for MBA Program
IIM Lucknow fees, which are split into six terms and are payable by students who are selected for final IIML admission. IIM Lucknow fees for MBA students is Rs 20,75,000, which is the same as last year. The alumni membership fee at IIM Lucknow is Rs 5,000, and students must pay it in Term 4. IIM Lucknow fees for SC/ST students may differ. For comprehensive information on the IIM Lucknow fee structure, broken down by course and category, please visit the official website.
| Term | Admission | Infrastructure | Tuition | Refundable |
| Term 1 | Rs 1,00,000 | Rs 1,15,000 | Rs 2,10,000 | Rs 20,000 |
| Term 2 | – | Rs 1,15,000 | Rs 2,10,000 | – |
| Term 3 | – | Rs 1,15,000 | Rs 2,10,000 | – |
| Term 4 | – | Rs 1,15,000 | Rs 2,10,000 | – |
| Term 5 | – | Rs 1,15,000 | Rs 2,10,000 | – |
| Term 6 | – | Rs 1,15,000 | Rs 2,10,000 | – |
IIM Indore MBA Fee Structure 2024
The entire cost of the PGP program at IIM Indore is Rs 21,14,222. The fees at IIM Indore include housing, access to lectures, computer facilities, and libraries, among other things. The cost of textbooks is not included in the program; participants must pay the approximately Rs. 15,000 annual cost of textbooks on their own.
| Term | Tuition Fees | Alumni Membership Fee | Medical Insurance Fee | Refundable | Mess Fees | Total |
| Term 1 | Rs 3,35,000 | – | Rs 711 | Rs 50,000 | Rs 17,000 | Rs 4,02,711 |
| Term 2 | Rs 3,35,000 | – | – | – | Rs 17,000 | Rs 3,52,000 |
| Term 3 | Rs 3,30,000 | – | – | – | Rs 17,000 | Rs 3,47,000 |
| Term 4 | Rs 3,35,000 | – | Rs 711 | – | – | Rs 3,35,711 |
| Term 5 | Rs 3,35,000 | – | – | – | – | Rs 3,35,000 |
| Term 6 | Rs 3,30,000 | Rs 11,800 | – | – | – | Rs 3,41,000 |
IIM Kozhikode Fee Structure for 2 Year MBA
The entire fee structure of the IIM Kozhikode 2-Year MBA program is divided into six terms. The detailed fee structure of IIM Kozhikode is listed below.
| MBA Year | Term 1 and 4 | Term 2 and 5 | Term 3 and 6 |
| 1st year | Rs 4,25,000 | Rs 3,00,000 | Rs 3,00,000 |
| 2nd year | Rs 4,25,000 | Rs 3,00,000 | Rs 3,00,000 |
IIM Trichy MBA Fee Structure
The IIM Trichy fees include the costs for the Library, Tuition, Case Permission Royalty, Academic Course Pack, Textbooks, Examination, and Alumni activity. The IIM Trichy MBA/PGPM program’s fee is expected to remain at Rs 21,00,000, just like the previous year. For the convenience of payment, the IIM Trichy fee is structured to be paid in six-term instalments as per the following.
| Term | Tuition Fee | Caution Deposit | Mess Fee | Total |
| Term 1 | Rs 3,25,000 | Rs 30,000 | Rs 20,000 | Rs 3,75,000 |
| Term 2 | Rs 3,25,000 | – | Rs 20,000 | Rs 3,45,000 |
| Term 3 | Rs 3,25,000 | – | Rs 20,000 | Rs 3,45,000 |
| Term 4 | Rs 3,25,000 | – | Rs 20,000 | Rs 3,45,000 |
| Term 5 | Rs 3,25,000 | – | Rs 20,000 | Rs 3,45,000 |
| Term 6 | Rs 3,25,000 | – | Rs 20,000 | Rs 3,45,000 |
IIM Raipur MBA Fee Structure
The IIM Raipur fees for the MBA program is around Rs 16 lakhs. At the time of registration, a one-time caution deposit must be paid in separate. The cost of an MBA at IIM Raipur includes a number of items, including tuition, health insurance, student association dues, alumni involvement, etc.
| Term | Tuition Fee | Lodging Fee | Medical Insurance | Association Deposit | Alumni Fee | Caution Fee | Total |
| Term 1 | Rs 2,49,150 | Rs 21,000 | Rs 1,200 | Rs 6,000 | Rs 10,000 | Rs 30,000 | Rs 3,17,350 |
| Term 2 | Rs 2,29,350 | Rs 21,000 | – | – | – | – | Rs 2,50,350 |
| Term 3 | Rs 2,28,800 | Rs 21,000 | – | – | – | – | Rs 2,49,800 |
| Term 4 | Rs 2,50,470 | Rs 21,000 | Rs 1,200 | – | – | – | Rs 2,72,670 |
| Term 5 | Rs 2,30,670 | Rs 21,000 | – | – | – | – | Rs 2,51,670 |
| Term 6 | Rs 2,30,120 | Rs 21,000 | – | – | – | – | Rs 2,51,120 |
| Total Fee | Around 16 lakhs | ||||||
MBA Fees For IIM Nagpur 2024
The entire cost of the MBA program at IIM Nagpur for the 2024–2026 batch is Rs. 18,00,000, of which Rs. 75,000 is due at the time the admission offer is accepted. When registering for the program, the acceptance fee of Rs. 75,000 would be deducted from the total IIM Nagpur MBA costs for that term. Both the offer acceptance fee and the term fee for each and every term must be paid online.
IIM Rohtak MBA Fees
The IIM Rohtak MBA fee structure includes placement support fees, Alumni fees, Support/ Membership Charges & Refundable Deposits, etc. IIM Rohtak charges a total cost of Rs 17,90,000 for its two-year MBA program, which is paid in six installments at the start of each term. Below are the specifics of the IIM Rohtak fees 2024.
| Year | Term 1/4 Fee | Term 2/5 Fee | Term 3/6 Fee | Total |
| Year-1 | Rs 3,55,000 | Rs 2,70,000 | Rs 2,70,000 | Rs 8,95,000 |
| Year-2 | Rs 3,55,000 | Rs 2,70,000 | Rs 2,70,000 | Rs 8,95,000 |
IIM Shillong MBA Fee Structure 2024
IIM Shillong will shortly make available the PGP batch 2024–2026 fee structure. The cost this year at IIM Shillong will likewise be approximately Rs. 14,60,000, based on the previous year’s tuition. IIM Shillong has 125 seats available in total. The overall CAT percentile, group discussion (GD), and personal interview (PI) are all part of the IIM Shillong admissions procedure. A final merit list is then created.
IIM Amritsar 2 Year MBA Fees
Tuition, books and case materials, library, IT and computer, hostel and electricity, medical and student activities are all included in the costs at IIM Amritsar. The overall cost of the MBA program at IIM Amritsar is Rs 17,30,000. All applicants must pay the acceptance fee in order to secure their spot on the final merit list at IIM Amritsar for the 2024–2026 PGP academic batch. Overall IIM Amritsar fees are rising, based on trends from the previous year.
| Fee Components | First year (in INR) | Second year (in INR) |
| Tuition | 6,25,000 | 6,25,000 |
| Academic Support | 1,85,000 | 1,85,000 |
| Hostel & Electricity | 40,000 | 40,000 |
| Student Activities & Health | 15,000 | 15,000 |
| Total (year wise) | 8,65,000 | 8,65,000 |
| Total MBA Fees (Two years) | 17,30,000 | |
MBA Fees for IIM Sirmaur Through CAT
For cohort 2024–2026 at IIM Sirmaur, the cost of the MBA and MBA (Tourism & Hospitality Management) programs is Rs. 16 lakhs. IIM Sirmaur requires shortlisted students to pay Rs. 1,00,000 per term (up to the fourth term) for the International Immersion program in addition to the tuition costs. In the event that the immersion program is not conducted, the cost of the price charged for the activity will be deducted from the term fees.
IIM Sirmaur MBA (2 Year) Fees: INR 16 Lakhs
IIM Sirmaur MBA (Tourism & Hospitality Management) Fees: INR 16 lakhs
IIM Ranchi MBA Fees
The MBA program fees at IIM Ranchi is around 17.5 lakhs for the year 2024. The MBA fees includes tuition fees, hostel charges, alumni fees, and other charges. The detailed fee structure of IIM Ranchi MBA program is given below.
| Fee Components | Term-I | Term-II | Term-III | Term-IV | Term-V | Term-VI | Total (in INR) |
| Acceptance fee | 1,10,000 | – | – | – | – | – | 1,10,000 |
| Tuition fee | 1,65,000 | 2,65,000 | 2,65,000 | 2,65,000 | 2,65,000 | 2,65,000 | 14,90,000 |
| Hostel charges | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 20,000 | 1,20,000 |
| Caution deposit | 20,000 | – | – | – | – | – | 20,000 |
| Alumni fee | 10,000 | – | – | – | – | – | 10,000 |
| Total | 3,25,000 | 2,85,000 | 2,85,000 | 2,85,000 | 2,85,000 | 2,85,000 | 17,50,000 |
IIM MBA Scholarship 2024
IIMs provide financial advantages to deserving students so they can pursue their MBA degrees without financial limitations. Candidates from low-income backgrounds are eligible to apply for these scholarships. Scholarships are offered by a number of IIMs to worthy applicants. Scholarships for IIM MBA costs are mostly granted in two categories: Scholarship to meritorious candidates and Scholarship to economically backward candidates. The different types of these scholarships are given below.
- Merit Scholarship for candidates securing 95%ile or above in CAT
- Need-cum-Merit Scholarship for candidates with family income less than Rs 5 lakh
- Merit Cum Means Scholarship for Professional and Technical Courses
IIMs With Low MBA Fee Structure
Most of the IIMs have their MBA fees more than 20 lakhs. But there are some IIMs which offer less fee and gives a good return on investment. The lowest fee for the MBA program is offered by IIM Sambalpur. The list of IIMs with low fees for MBA programs is given below.
| IIM Name | Fee (in Lakhs) |
| IIM Mumbai | 14.63 |
| IIM Sirmaur | 16.30 |
| IIM Bodh Gaya | 17 |
| IIM Amritsar | 17.3 |
| IIM Jammu | 17.15 |
| IIM Sambalpur | 13.08 |
| IIM Raipur | 15.92 |
Why IIMs Fees Are So High For MBA Programs
IIMs charges substantial maintenance fees to cover the cost of its state-of-the-art amenities, first-rate infrastructure, and luxurious research facilities. To cover these expenses, they must demand a hefty price. In addition, IIMs are self-governing and get little government support. The program fees provide the lion’s share of their funding. Nonetheless, IIMs offers a large number of scholarships and student loans for those in need of financial assistance.
IIM MBA Fee Structure Vs Average Package
The fee structure of the MBA program at IIMs is justified given the excellent placements they provide. Therefore, admission to IIMs is extremely difficult. Nonetheless, applicants who enroll in the program and graduate with honors from the MBA program have the chance to secure well-paying positions. One year’s income for two years of IIM fees can be covered by the average salary granted to IIM graduates. The details of the IIM fees and the IIM salary for different IIMs is tabulated herein.
| IIM Name | IIM MBA Fees (In Lakhs) | Average Package (In Lakhs) |
| IIM Bangalore | 24.7 | 35.31 |
| IIM Ahmedabad | 26 | 34 |
| IIM Calcutta | 25 | 35.07 |
| IIM Kozikode | 21 | 31 |
| IIM Indore | 22.5 | 30.21 |
| IIM Lucknow | 20.75 | 32.2 |
| IIM Rohtak | 18.3 | 18.73 |
| IIM Shillong | 22 | 26.96 |
| IIM Raipur | 17 | 21.04 |
| IIM Kashipur | 17.3 | 18.1 |
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