IIM Ranchi Fee Structure 2021

IIM Ranchi Fee 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 2021-23 batch was ₹ 16.3 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 2021-23, 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

100,000

-

-

-

-

-

100000

2

Tuition Fee

250,000

250,000

250,000

250,000

250,000

250,000

15,00,000

3

Alumni Fee

10,000

-

-

-

-

-

10000

4

Caution Deposit

20,000

-

-

-

-

-

20000

 

Total

3,80,000

250,000

250,000

250,000

250,000

250,000

16,30,000

It’s important to note here that:

  • The initial ₹ 100,000 deposited through online payment mode while accepting the offer of admission
  • The caution deposit (₹ 20,000) is a refundable fee which is returned after you leave the institute subject to adjustment if any.
  • The termwise total shown in the table above must be paid at the start of every term.
  • In addition to above tution fee, mess expenses will be paid @21,000 /- per 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 2020.

Year                       Fee

2015                       ₹ 10.5 lakh

2016                       ₹ 12.5 lakh

2017                       ₹ 13.8 lakh

2018                       ₹ 14 lakh

2019                       ₹ 15 lakh

2020                       ₹ 15.3 lakh

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