The Indian Institute of Management (IIM), Bangalore has increased the fee by 10% for its Post Graduate Programme (PGP) from Rs 17 lakh to Rs 18.7 lakh.
By this hike, IIM Bangalore will become the costliest b-school among premier institutions. The board of governors took a decision to increase the fee in a meeting.
The fees have been increased after two years, which has been the practice at the 41-year-old Institute.
Even, IIM Ahmedabad has also increased the fee for its 3 programmes for the next academic year.
However, IIM Bangalore is planning to open a second campus in Bengaluru. But, the Karnataka government should have to allow land for the new campus.
The below table shows the fee structure in premier institutions:
|IIM Bangalore||18.7 lakh|
|IIM Ahmedabad||18.5 lakh|
|IIM Calcutta||16.2 lakh|
|IIM Kozhikode||13 lakh|
|IIM Lucknow||10.8 lakh|
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IIM Ahmedabad hikes course fee
India’s premier business school Indian Institute of Management – Ahmadabad (IIM-A) has announced a fee hike ranging from Rs 1.9 lakh to 2.5 lakh for three of its flagship courses.
Courses whose fees have been hiked include Post-Graduate Programme in Management (PGP), PGP-Agri Business Management (PGP-ABM) and PGP for Executives (PGPX). The new fee structure would be implemented from the next batch of 2015-17, IIM-A Director Ashish Nanda said.
“For PGP and PGP-ABM, which are both two-year courses, the fee will increase from Rs 16.6 lakh to Rs 18.5 lakh. The one-year PGPX course fee has also been raised from Rs 21.5 lakh to Rs 24 lakh for the batch commencing from April 2015,” Nanda announced during a press conference.
“To remain financially self-sufficient, the institute needs to raise its fees. For PGP and PGP-ABM programmes, the tuition fee hike is 10 per cent, whereas our administration costs are high due to inflation. The cumulative fee hike for all three programmes is about 11 percent,” Nanda said.
PGP-FABM programme chair person, Vijay Paul Sharma said:
Besides fees, Nanda also announced several innovations and changes in IIM-A’s existing programmes and admission rules, effective from next year. As per recommendations of the PGP-ABM review committee, IIM-A has decided to restructure it and rename it as PGP-FABM (Food and Agri Business Management) from next year onwards.
With the emergence of processed food industry in recent times, the programme curriculum has been redesigned to address emerging needs of the food and agri-business sector. We are also opening up the programme to non-agriculture background students to make it more diverse in terms of academic backgrounds.
Apart from renaming the programme, two new courses Apart from renaming the programme, two new courses namely ‘Agricultural Systems’ and ‘Rural, Social and Institutional Environment’, are being introduced in the first year of PGP-FABM.
During the programme’s second year, new elective courses on agribusiness project management, agribusiness entrepreneurship, agribusiness leadership, food supply chain management, food retailing and others would be offered, Sharma said.
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