IIM Bangalore Fees - The aspiration to get into one of the premier management institutes like IIM Bangalore has to be clubbed with its associated expenses along with good CAT percentile. Although Indian Institute of Management Bangalore does not top the list of being pricey, the cost of the programmes pinch pockets of many. IIM Bangalore has laid a consistent history of hiking the fee for its flagship programme, in the past years. As per the current status, IIM Bangalore fees for the most coveted two-year PGP programme costs a total of Rs. 21 lakhs to be paid as Rs.3.5 lakhs per term in the start of each of the six terms over two years. Careers360, in this article, provides information related to the IIM Bangalore fees structure, seats, programme details and admission process.A holistic view projects that all MBA candidates will now have to pay around 5-17 percent more for the forthcoming batches. According to officials, inflationary pressure and high operational cost including infrastructure cost and faculty salaries are the primary factors attributed to this rise. Candidates had to invest Rs. 80,000 - 2 lakh more for their MBA degrees in the academic year 2019-21. IIM Ahmedabad, IIM Calcutta, IIM Bangalore, IIM Ranchi, IIM Trichy, IIM Indore, IIM Rohtak, and IIM Amritsar announced the fee hike well in advance.
College Comparison based on Courses, Placement, Rank, Fee
The IIM Bangalore fees structure for the batch of PGP 2019-21 (Domestic candidates) is Rs. 21 lakh which covers the following expenses-
IIM Bangalore fee
Hostel Room Rent
Personal Accident Insurance
Case Permission Royalty
Additionally, students are required to pay a Caution Deposit (General) and Caution Deposit (Hostel) worth Rs. 15,000 and Rs. 5,000 respectively.
For the forthcoming batch, the fee for IIM Bangalore 2019 is unaltered from that of the previous batch. It is imperative to understand the fee of IIM Bangalore in detail through semester-wise and instalment break-up. The table below displays information pertaining to the fee structure for IIM Bangalore two-year PGP programme for 2019-21 academic batch.
IIM Bangalore Fees Details
Fees for two years
Caution Deposit (General)*
Caution Deposit (Hostel)*
Rs. 25,000 each term
* Caution deposit (one time) to be paid separately at the time of registration.
It is important to note the fees listed in the table above are exclusive of service tax and any other tax. Therefore, in the case that such taxes are made applicable by the law, they will subsequently be collected at the prescribed rates.
IIM Bangalore Fees - Points to Remember
Accommodation on the campus will be provided only for single occupancy.
Candidates may opt to live off-campus only in their second year by making their own arrangements.
IIM Bangalore Programmes and Seats
Apart from the renowned PGP program, IIM Bangalore offers certain other postgraduate management courses, namely,
Executive Post Graduate Programme in Management (EPGP) - One Year (Full-Time)
Post Graduate Programme in Enterprise Management (PGPEM) - Two Years (Weekend)
Post Graduate Programme in Public Policy & Management (PGPPM) - 1 Year, (Full-Time)
Student Exchange Programme
IIMB is the first of its kind to become a part of the Global Network for Advanced Management. The network comprises 31 leading business institutes which includes INSEAD, NUS, HEC Paris, Yale School of Management to name a few. As per the final placement report of IIM Bangalore 2018, around one-third of the batch has been placed in the Consulting Sector.
IIM Bangalore (2018-20) released the following number of seats in the courses offered-
Number of Seats
IIM Bangalore- Admission Process
The parameters of selecting candidates for admission in PGP, EPGP, PGPEM, and PGPPM programmes are a bit different at IIM Bangalore as the target audience is different for each of these programmes. However, the qualifying round/first step involves cracking one of the entrance tests like CAT/GRE/GMAT/IIMB Test.The next step involves track record assessment, quality of work experience and performance in the Written Ability Test (WAT) as well as the Personal Interviews (PI).Candidates applying to the PGP Executive programme of one year and NRIs and Foreign students are required to have a valid score in GRE/GMAT for admission in the respective programmes.
IIM Bangalore Fees - Financial Aid and Scholarship
To propagate management studies amongst all strata of people, IIMB extends financial aid to students in need of financial assistance. The objective of the Financial Aid Policy exercised at IIMB is to ensure that no deserving student is deprived of an education at the institute merely for financial reasons.
There are certain means based scholarships upto full tuition fee waiver for those from low-income group families that cannot afford to take the educational loan burden. Such students need to pay only the mess bills of about Rs.2 lakhs and other additional minor expenses through their sanctioned educational loan. Additionally, all students of IIMB can be assured of getting an educational loan upto the full tuition fee and mess bill of Rs. 23 lakhs irrespective of their existing family loan burden.
In addition to the Financial Aid, which is offered on the basis of financial need alone, PGP students can also avail several merit-based or merit-cum-need based scholarships mentioned below-
Aditya Birla Scholarship
Citi Women’s Leader Award
Societe Generale Global Solution Centre India Scholarship
Siddhartha Padam Award
IIMB PGP Alumni First Batch (1976) Scholarship
Runwal Education Trust Scholarship
Hindustan Unilever / T Thomas Scholarship
Yes Bank Scholarship
NTPC Scholarship Scheme
Employment in Social Sector Scholarship
Ministry of Tribal Affairs Scholarship (ST)
Ministry of Social Justice and Empowerment Scholarship (SC)
Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
IIM Bangalore Fees - Bank Loans
In order to meet the exorbitant expenses at IIM-B, aspirants can opt for Education Loan. An education loan of Rs 30-40L is generally offered to students who secure admission in one of the premier colleges in India (like IIMs, ISB, SPJIMR, IITs, BITS etc). However, banks at times would require the student to provide a collateral security for granting the education loan.
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