IIM Ranchi Fees Structure

IIM Ranchi Fees Structure

Quite new compared to the other elite and old IIMs (some of which have been around for many decades), IIM Ranchi has successfully followed the sterling footsteps of its predecessors. The institute was established in the year 2010, and was the 9th IIM to be set up in the country. Its launch was made possible with plenty of support received from the Government of Jharkhand and the Indian Institute of Management Calcutta, both working along with and under the constant guidance of the Government of India’s Ministry of HRD.

Over the years, IIM Ranchi has gained recognition for its flagship two-year program in General Management (PGDM), another full-time two-year course in Human Resources Management (PGD HRM), a 24 month long Part-Time Diploma Program in Management (PG EXP) and a Fellow Program in Management (FPM).

Considering the top-quality education it provides, IIM Ranchi has gradually evolved as highly sought-after institute by the MBA aspirants everywhere. Anyone who is interested in getting admission into this institute should be aware of IIM Ranchi Fees Structure for 2018 in order to be better prepared for the money involved.

The fee charged for IIM Ranchi’s PGDHRM and PGDM program for the 2018-20 batch was ₹ 14 lakh. It is expected to be around the same for the upcoming batch of the institute. Below provided is a detailed instalment and term-wise breakup of the IIM Ranchi fees structure for 2018, particularly for their two-year PGDHRM and PGDM programs.

S.No

Type of Charge

Term 1 (₹)

Term 2 (₹)

Term 3 (₹)

Term 4 (₹)

Term 5 (₹)

Term 6 (₹)

Total (₹)

1

Admission Fee

100000

-

-

-

-

-

100000

2

Course Material

24000

24000

24000

24000

24000

24000

144000

3

Tuition Fee

70000

170000

170000

178000

170000

170000

928000

4

Library Fee

12000

12000

12000

12000

12000

12000

72000

5

Computer Charges

20000

20000

20000

20000

20000

20000

120000

6

Mess Charges

15000

15000

15000

15000

15000

15000

90000

7

Room Rent

6000

6000

6000

6000

6000

6000

36000

8

Alumni Fee

10000

-

-

-

-

-

10000

9

Caution Deposit

10000

-

-

-

-

-

10000

 

Total

267000

247000

247000

255000

247000

247000

1510000

It’s important to note here that:

  • The initial ₹ 100,000 deposit which must be made at the time of admission offer acceptance is adjusted against the fees for the Term 1.
  • The caution deposit (₹ 10,000) is a refundable fee which is returned after you leave the institute, as long as it doesn’t need to be adjusted against anything.
  • IIM Ranchi has proper mess arrangement for its students and there is a mess charge of ₹ 15,000 per term associated with it.
  • For the Term 1, as mentioned above, a fee of ₹ 100,000 must be paid as acceptance fees. This can be paid online and the remaining ₹ 167,000 for Term 1 can be paid later, before the registration date, as per communication sent out by the admission office.
  • The termwise total shown in the table above must be paid at the start of every term.

About the IIM Ranchi fees hike

We would like to inform you that IIM Ranchi has been consistently increasing its fees over the past 4 years, with its total fee for the PGDM program having gone up from ₹ 10.5 lakh in the year ₹ 2015 to ₹ 14 lakh for the 2018-20 batch. If calculated, this is a significant 33.3% increase over the 4 years. Below provided are the IIM Ranchi fees details for the PGDM program, from year 2015 to 2018.

Year                       Fee

2015                       ₹ 10.5 lakh

2016                       ₹ 12.5 lakh

2017                       ₹ 13.8 lakh

2018                       ₹ 14 lakh

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