IIM Bangalore – Fee Structure for MBA 2020

Indian Institute of Management Bangalore or IIM B, India’s one of the prestigious management institutions. Every year several students apply but only few get the chance to be part of the IIMB. The premium management institute provides the best educational qualifications. Let’s take a look at some of the programmes offered by IIM B and IIM Bangalore fees for MBA.

1. Post Graduate Programme in Management (PGP)
2. Post Graduate Programme in Public Policy & Management (PGPPM)
3. Post Graduate Programme in Enterprise & Management (PGPEM)
4. Executive Post Graduate Programme in Management (EPGP)
5. Fellow Programme in Management (FPM)

We all are very well aware regarding the fee structure of IIMs, they are expensive but it is worth every single penny. Let us take you through the “Programme Expenses” for the various courses offered at IIM Bangalore.

Post Graduate Programme in Management (PGP)

Duration: 2 years
Type: Full Time, Residential
Aim: To nurture business leaders with innovative and transformative education

Fee Structure

Note: Taxes are applicable

Duration: 1 year
Type: Full Time, Residential
Eligibility: 4 Years Work Experience 
Aim: To develop leadership skills and create world class administrators and policy makers 

Fee Structure

Note: The PGPPM course fee for Government-sponsored candidates will be paid by their sponsoring Departments. GST is applicable on all types of fee

Duration: 2 years
Type: Part Time
Eligibility: 4 Years Work Experience
Aim: Upgrade functional knowledge in mid and senior level executive 

Fee Structure:

Duration: 1 year
Type: Full Time 
Eligibility: 5 Years Work Experience
Aim: To develop global business leaders with creative and forward thinking. 

Fee Structure:

Duration: 5 year
Type: Full Time, Research Oriented
Aim: To develop professionals in teaching and research in Management Sciences

Programme Expenses:

The highlights of this programme expenses are:

The highlights of this programme expenses are:

1. Students get a full tuition and hostel accommodation waiver
2. Stipend
   1. Monthly -  INR 29,300
   2. Post Proposal Increment – INR 2,000 monthly
3. Grant
   1. Start up grant in the 1^st year of INR 75,000
   2. Contingency grant for 2-5 years of INR 25,000
4. Conferences
   1. National – INR 20,000; 3 Times
   2. International – INR 1,50,000 for the first time. INR 75,000 for subsequent ones post approval
5. HRA(off campus students)
   1. Single – INR 8,500 per month
   2. Married – INR 13,000 per month

IIM Bangalore has incorporated the facilities of financial aids and scholarships for the students to make sure that none of its students is deprived of the educational qualification.

All PGP students with an annual household income of Rs 6,00,000 and students with severe financial difficulties occur due to circumstances can also seek for Financial Aid.

The Financial Aid Committee follows the two-step process and analyses the situation and finally issues the aid to the student.

Step 1 - Student is scored on the basis of 4 criteria and they are 

1. Annual Gross Household Income

2. Household Saving

3. Real Estate Assets

4. Other Assets.

Based on the scores, students are called for Personal Interaction with the Faculty Panel.

Step 2 - During the interaction session, the panellist will evaluate the students and their financial needs on the basis of the details provided by the student. 

Based on these 2 stages, the student will get the financial aid of 100%, 80%, 60%, 40% and 20% according to their requirement.

Apart from Financial Aid, IIM B also provides Merit-cum-Need based Scholarships to its PGP students. IIM B provides 14 scholarships to its students and helps them in completing their education.

The scholarships are as follows:

1. Aditya Birla Scholarship

2. OPJEMS Scholarship

3. Citi Women’s Leader Award:

4. Societe Generale Global Solution Centre India Scholarship

5. Siddhartha Padam Award

6. IIMB PGP Alumni First Batch (1976) Scholarship

7. Runwal Education Trust Scholarship

8. Hindustan Unilever / T Thomas Scholarship

9. Yes Bank Scholarship

10. NTPC Scholarship Scheme

11. Employment in Social Sector Scholarship

12. Ministry of Tribal Affairs Scholarship (ST)

13. Ministry of Social Justice and Empowerment Scholarship (SC)

14. Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)

Q1. Why are IIMs fees so high?
Ans. IIMs are not financially dependent on any government body. They hire professors with several years of experience and higher quality of education so that they can provide the best education to its students.

Q2. Do IIM fees include hostel fees?
Ans. Yes, the Hostel fees are included in the academic fees. As the IIMs provide residential programmes for the students, it is mandatory for them to stay in the hostel itself. 

Q3. Is IIM government or private?
Ans. IIMs are autonomous institutions under the guidance of the HRD Ministry of India. They are financially run by the ministry but in the educational and administrative front they are fully and fairly autonomous. 

Q4. Can a poor student study in IIM?
Ans. Anyone can study in IIM. Students with good scores in their CAT exam can apply for any of the IIMs. Once the student gets shortlisted, then he/she can apply for the financial aids or for the scholarships to support his/her education.

Q5. What is the fee structure for an MBA course in IIM Bangalore for the OBC category?
Ans. The fee structure for MBA course in IIM Bangalore is 23, 00,000 but students with 6,00,000 or below annual household income can apply either for the Financial Aid or for the Scholarships.

Q6. Is it true that there are no fees for SC/ST students in IIMs below the income of 2 lakhs per annum?
Ans. Yes, if a student belongs to the SC/ST category with annual household income is less than 2,00,000, then the Government of India will refund the tuition fee of the candidate after he/she submits required papers. Only tuition fees will be refunded, the student will have to pay other remaining fees.

Q7. How much percentile is required for IIM Bangalore?
Ans. If you want to get a call from IIM B, then his/her percentile should be more than 97%. Below that, you will not be considered.

Q8. What is IIM Bangalore PGPBA?
Ans. IIM B offers 24 months of full-time PGPBA program. The program is designed to give full insights about the tools and techniques used in the Business Analytics field and open more scope in this highly demanding field. 

Q9. How can I get admission in PGP?
Ans. The students have to appear for the CAT/GMAT exam and they will be shortlisted on the basis of their CAT/GMAT scores. 

Q10. How many specialisations are offered under PGP?
Ans. PGP programs of IIM B  offer the following specialisations:

1. Finance & Accounting

2. Economics & Social Sciences

3. Marketing

4. Production & Operation Management

5. Decision Sciences

6. Entrepreneurship

7. Information System

8. Management Communication

9. Organizational Behaviour and Human Resource Management

10. Public Policy

11. Strategy

12. Other Courses

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