MBA, Master’s of Business Administration, is a course that every student wants to pursue because of its high salary packages and job satisfaction. It is a course that opens the door to a successful career. Over the years, the MBA has become one of the most demanding courses. Since it is open to students from different disciplines, the competition for admission in this course has also increased.
Every MBA aspirant dreams of getting into the top MBA institute, the Indian Institute of Management, Ahmedabad IIM Ahmedabad, or IIM in general. However, the high competition often makes it difficult for students to enter into these top colleges.
Fees are another factor that students look for before choosing a college. Here is a guide to the IIM fee structure of different IIM colleges and scholarships provided to students.
INDIAN INSTITUTE OF MANAGEMENT, IIM
Indian Institute of Management, IIM is one of the top colleges in India. Students aiming to pursue MBA often aim to enter an IIM institute. There are different branches of the institute, spread across the country. The top branches of the institute are IIM Ahemdabad, IIM Nagpur, IIM Bangalore, and IIM Calcutta.
The fees structure and faculty of each of these colleges are different. A comparison of these fee structures are provided in this blog.
IIM MBA FEES
IIM fees differ from college to college within the institution. There are two categories in which the colleges are divided-
- Old IIMs- These are IIM institutes that have been established for a long time. These includes IIM Ahemdabad, IIM Calcutta, and IIM Banglore.
- New/ Baby IIMs- These are IIM branches that are relatively new as compared to the old ones. These include IIM Kashipur, IIM Amritsar, IIM Bodh Gaya, and more.
Here is a comparison of IIM Fees in top colleges-
- IIM AHEMDABAD FEES- IIM Ahemdabad is the top MBA college in India right now. Its fees also ranges high as compared to other IIMs. The fees ranges from 25 Lakhs to 26.5 Lakhs.
- IIM CALCUTTA FEES- Following Ahemdabad is IIM Calcutta. Its fees ranges from 25 Lakhs to 27 Lakhs.
- IIM BANGALORE FEES- IIM Bangalore is one of the top institutes of IIM. Its fees in 2025 currently is 26.5 Lakhs.
- IIM LUCKNOW FEES- IIM Lucknow is one of the top new IIM institute. Its fees is 21.75 Lakhs.
The fees of old IIM institutes like IIM Ahemdabad, IIM Bangalore, and IIM Calcutta are higher. On the other hand, the fees of newer institutes like IIM Lucknow, Amritsar, and rest are less.
MBA course fees of old IIMs range from 24.5 Lakhs to 27 Lakhs. The course fees in new IIMs range from 16 Lakhs to 21 Lakhs.
SCHOLARSHIPS OFFERED IN INDIAN INSTITUTES OF MANAGEMENT
Indian institute of management makes sure that no deserving student is refrained from receiving education because of financial difficulties. It offers various scholarships to students based on various categories-
- IIM offers need based scholarship. Students belonging from families with annual income lower than 8 Lakhs, receive some form of financial help. The amount of financial help depends on the condition of annual income.
- A large population of India can not afford education because of social and financial restrictions. In order to promote the idea of equality and to provide education unbiased, IIM provides scholarships to students belonging fromOther backward classes, Scheduled Caste or Scheduled Tribe, providing them financial aid.
- Scholarships are also provided to students with exceptional performance in either the field of academics or co curricular activities. Based on their merits, students are provided scholarships.
BENEFITS OF PURSUING MBA FROM IIM
Education is an investment. Not just financial but in terms of the hard work put in by students from preparation for admission to throughout the course. But the return on these investments are worth it. Here are a few benefits of pursuing MBA from Indian Institute of Management.
- Students have many placement opportunities before them. These placements provide high salary packages ranges from 20 Lakhs per annum to 35.5 Lakhs per annum.
- IIM’s provide great network to students. This network helps them connect strongly with businesses and individuals opening doors to various possibilities.
- IIM has its brand value. Students who pursued MBA from IIM can enter the market with a high starting salary package and have higher increment rates.
FREQUENTLY ASKED QUESTIONS
Q.1) What is the IIM fee structure for MBA?
Ans. IIM fee structure for MBA ranges from 17 Lakhs to 27 Lakhs. The fees depends on the colleges aimed by the students. The old IIMs have a higher fees in comparison to new IIMs.
Q.2) What is the fee structure for IIM for foreign students?
Ans. For foreign students the fees structure is higher as compared to a student with Indian citizenship. The fees structure for foreign students may be around two times higher than the normal fees structure. It may range from 35 Lakhs to 40 Lakhs, depending on the college.
Q.3) What is IIM Bangalore MBA fees?
Ans. IIM Bangalore is one of the top institutes for MBA course. Since it is an old IIM college, its fees is generally higher than that of the newer colleges under IIM. Its fees is approximately 26.5 Lakhs.
Q.4) What is IIM Nagpur fees?
Ans IIM Nagpur is one of the newer IIM institutes. Its fees is less as compared to the old IIMs. Its fees is approximately 21 Lakhs.
Q.5) Are the student loans available for MBA from IIM?
Ans. Students pursuing MBA from an IIM institute can easily access the student loan. Many colleges provide students with educational loan especially those pursuing MBA from IIM. It is because these institutes have strong brand value that acts as a reassurance for banks that the education loan would be returned since the salary packages are high.
