IIMs hike fees

28 Mar 2007

Mumbai: Students will have to shell out more for a two-year post-graduate management course at any of the Indian Institutes of Management. Most IIMs have already hiked fees by 5 to 43 per cent, while others plan to do so shortly.

After Indian Institute of Management Bangalore (IIM-B) hiked its post-graduate management course fee for this year from Rs1.75 lakh per annum to Rs2.5 lakh per annum, other IIMs are expected to follow suit.

At IIM-B, students will now have to shell out Rs5 lakh for their two-year post-graduate management programme.

IIM Lucknow is likely to raise its annual fee from the present Rs1.69 lakh to Rs1.84 lakh per annum.

IIM Lucknow plans to discuss the proposal to hike its fee in its upcoming board meeting in March. There could be a hike of Rs15,000 or above from its current cost of approximately Rs3.5 lakh according to faculty members at the institute.

While IIM Ahmedabad will take a decision on the same at its board meeting scheduled for March 31 this year, IIM Indore, which hiked its fee from Rs1.25 lakh a year to Rs1.50 lakh last year, says it has not yet decided on another fee hike.

IIM Kozhikode, however, will not increase the fee this year. The institute had increased the annual fee for its post-graduate course from Rs1.15 lakh to Rs1.50 lakh last year.