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. 


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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