IIM Indore Fees
Ranjini Basu, 06 Mar 2019, #IIM Indore
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IIM Indore Fees - The Post Graduate Programme (PGP) in Management Studies at IIM Indore is a two-year, full-time, residential MBA programme. After the enactment of “The Indian Institutes of Management Act, 2017”, on 24 January 2017, IIM Indore is empowered with the legal authority to award degrees to students. Being the sixth IIM among all IIMs established in India, Indian Institute Of Management Indore seeks to be a contextually-relevant business school with world-class academic standards that develops socially-conscious managers, leaders, and entrepreneurs. The mentioned contexts lead to the most pertinent question, ‘how much is the IIM Indore fees?”

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Currently IIM Indore charges Rs. 16,00,000/- (Rupees Sixteen Lacs only) for the two-year PGP programme in Management. The amount is valid for resident Indians only. For NRI candidates, the same course costs Rs.24,00,000/-(Rupees Twenty Four Lacs only). In this article by Careers360, aspirants can find detailed information related to the IIM Indore fees structure, seats, programme details and admission procedure.

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The coveted IIM tag became pricey effective from the academic batch of 2018-20. At least nine Indian Institutes of Management, from top ones like Ahmedabad, Bangalore, Calcutta, and Indore to their newer counterparts at Rohtak, Ranchi, Trichy, Udaipur and Amritsar, had participated in the IIM fee hike. As reported, the Director of IIM Indore, Rishikesha Krishnan commented, “ IIM Indore fees went for a Rs 2 lakh fee increase (from Rs. 14 to Rs 16 lakh) after two years. 

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The IIM Indore fees structure for the batch of PGP 2019-21 (resident Indian candidates) was Rs. 16 lakh which covered the following components-

IIM Indore Fees

Tuition

Library

Computer Facilities

Lodging

Alumni Fee

Internet

Additionally, students are required to pay extra for textbooks, hostel fees, insurance, etc.

For the upcoming batch of 2019-21, it is imperative to understand the fee of IIM Indore in detail through semester-wise and instalment break-up. The table below displays information pertaining to the fee structure for IIM Indore two-year PGP programme.

IIM Indore Fees Details

Particulars

Fee

IIM Indore Fees for two years (Indian residents)

Rs. 16,00,000

IIM Indore Fees for two years (NRI candidates)

Rs. 24,00,000


IIM Indore Programme, Structure, and Seats

Apart from the popular PGP/PGPM programme, IIM Indore offers certain other postgraduate management courses, namely,

  • Executive Post Graduate Programme in Management (EPGP) - One Year (Full-Time)

  • Five Year Integrated Programme in Management (IPM) - Five Years

  • Post Graduate Programme in Human Resource Management (PGP-HRM) - Two Years (Full-Time)


Academic Structure

The Post Graduate Programme (PGP) lasts for six trimesters, spread over two years, with a summer project in between the two years. This eight-week programme is an opportunity for participants to put their ideas and skills in to work, in established and reputed companies from various sectors. 


IIM Indore releases the following number of seats in the courses offered-

Course

Number of Seats

IIM Indore Fees (INR)

PGP

451

16 Lakhs

EPGP

40

20 Lakhs

IPM

120

20 Lakhs

PGP-HRM

  -

16.5 Lakhs


IIM Indore- Admission Process

IIM Indore adopts a three-stage selection process for granting admission in PGP programme -

  • CAT 2018

  • Shortlisted candidates for Written Ability Test (WAT) and Personal Interview (PI) 

  • Final Selection - Category wise merit list will be published based on final composite score and provisional admission offers will be made accordingly, abiding by the reservation norms.


IIM Indore- Placement

IIM Indore executed the final placement process for 2018 batch of 624 students, one of the largest batches in IIMs, with 12 percent higher average salary than previous year. More than 200 companies participated in the recruitment event. The number of Pre Placement Offers (PPOs) was 147, which is 40 percent higher than last year. The average salary for IPM batch increased by 21 percent. Finance was the highest recruiting domain followed by Consulting & Strategy.

IIM Indore Fees - Need Based Financial Assistance (NBFA )

IIMI extends need based financial assistance to students who are deserving but cannot afford the fees. The objective of this aid is to ensure that no student is deprived of an education at the institute merely for financial cause. 


Below mentioned are the parameters to avail the facility of NBFA -

  • If gross family income is below Rs.9,00,000/- in the previous financial year. For example, if today is 25 July 2019, the gross family income for the financial year 2018-19 (01st April 2018 to 31st March 2019) will be considered.

  • Should have availed bank education loan to pursue PGP, PGP-HR, PGP Mumbai & IPM programmes.

Furthermore, 

  • 80 percent subsidy is given on mess charges on actuals, i.e, upto to maximum of
    Rs.3,600/- per month (i.e, 80% of monthly mess charge of Rs.4,500/-)
    to PGP, PGP Mumbai, PGP-HR and IPM participants with family
    annual income upto Rs.4,50,000/-

  • Financial aid provided to the participants of PGP 2nd, IPM 5th and PGP Mumbai 2nd year to meet the expenses of Student Exchange Programme, to the extent of (upto) Rs. @ Rs.2,00,000, Rs.1,50,000/- and Rs. 1,00,000/- respectively.

IIM Indore Fees - Bank Loans

To meet the exorbitant expenses at IIM-I, aspirants can opt for Education Loan to pay the IIM Indore fees. An education loan of Rs 15-20L is readily 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. Aspirants need to check the interest rates and processing fee with individual banks.

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More like IIM Indore

Questions related to IIM Indore

Showing 173 out of 173 Questions
5 Views

want to admitted in IIM indore

Rehan Alam Student Expert 10th Nov, 2019

Dear Aspirant,

If you want to get admission into MBA program of IIM Indore then you have to have the following academics.

90+ in your 10th, 90+ in your 12th, 65+ in any non engineering graduation, or 75+ in engineering.

After this you have to give CAT( common aptitude test), which is an aptitude test consisting of three sections:

  • Reading comprehension and Verbal Ability
  • Logical Reasoning and Data interpretation
  • Quantitative aptitude

You have 100 questions of +3/-1 marking scheme. You have to score around 160 marks in the exam with individually clearing the cutoff of each section which will be approx 40 marks.

Then the percentile results will be declared and you have to be in 99 percentile for engineering background and 98 percentile for non engineering background.

Hope this helps. Thank you.

5 Views

is there any scholarship available in iim indore

Naveen Meena Student Expert 9th Nov, 2019
Dear Sanskar, yes there is a scholarship program in IIM Indore. IIM Indore provides some sort of relaxation in fees for financially poor students. And also provides them many free facilities for the initial three years of the course. Need based Financial Assistance (NBFA). This is a fee waiver based on the income level of the parent. All students whose family income is less than 9L per annum are eligible. The amount of fee waiver depends on factors like how low the family income.

Also ,the Institute awards an INR 1.5 lakhs Scholarship for Outstanding Academic Performance in the 4th Year of Integrated Programme in Management at the end of 5 years.

Moreover you can easily get loan for your fees which you can repay after your completion of course.

All the best

Hope this helps
3 Views

how many events are organised in iim indore in an year

Ayshi Ghosh Student Expert 9th Nov, 2019

The main events conducted in IIM INDORE are-

IRIS

Atharv

i5 Summit

Ranbhoomi

Udaan

Utsaha.

Otherwise, there are around 3-5 events conducted every month. There's always an event going on. The college gives you a lot of exposure.

Hope this Helped!

19 Views

what is the eligibility criteria for admission in ipm in iim Indore. l had got 44 marks in maths and overall i got 63% marks, can i still apply for ipm.

Priyaanka Sarkar Student Expert 26th Oct, 2019

Dear Harsh, to pursue IPM at IIM Indore, you need to appear for IPMAT. To be eligible for IPMAT, you should have secured a minimum aggregate of 60% in Classes 10th and 12th. This is a collective required aggregate and not required for any specific subject. It is 60% for General Category and OBC-NCL while it is 55% for Reserved Categories. So if you have secured 60% in both 10th and 12th, even if your Mathematics marks are less, you are still eligible for IPMAT. For more information regarding IPMAT, please visit our page at: https://bschool.careers360.com/articles/ipmat-eligibility-criteria

7 Views

what is the scope after doing ipm from IIM Indore

Priyaanka Sarkar Student Expert 26th Oct, 2019
Dear Harsh, once you complete your course in IIM Indore, you get placed with highest packages available. Please have a look at the previous packages and placements that students from IIM Indore have managed to get. You can check that at their official page at: https://www.iimidr.ac.in/placements/final-placement/
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