IIM Bangalore Fees 2023
If you're considering pursuing management education at one of India's premier institutions, the Indian Institute of Management Bangalore (IIMB), it's essential to have a clear understanding of the fee structure. In this article, we'll break down the various components of IIM Bangalore fees, shed light on what's excluded, and explore the institute's financial aid policies.
About IIM Bangalore: About IIM Bangalore: The Government of India (GOI) founded the renowned and respected IIM Bangalore (Indian Institute of Management Bangalore) B-school in India. IIM Bangalore, known for its renowned PGPM programme as its flagship programme, provides a variety of post-graduate, executive, and doctorate programmes. IIM Bangalore Fees for the current class of 2023–25 is INR 24.5 Lakhs, and the typical salary for 2023 was 35.31 LPA.
IIM Bangalore Fees: One of India’s top institutions for management education is the Indian Institute of Management Bangalore (IIMB). According to the 2017 IIM Act, IIMB has been recognised as an Institute of National Importance. IIM Bangalore has a history of raising the programme fee every few years for its flagship MBA programmes. We provide you with a breakdown of the tuition costs and available scholarships for the MBA programme at IIM Bangalore. The internet, tuition, library, dorm room, and other items are all included in the IIM Bangalore Fees.
Also, Check -
- IIM Bangalore Admission
- CAT
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- GRE Scores
- IIM Bangalore Admission Procedure
- Top MBA/ PGDM Colleges in India
- IIM Bangalore Placement.
IIM Bangalore MBA Fees 2024
IIM Bangalore Fees for MBA Fees Overview: The tuition fees for the two-year MBA program at IIM Bangalore for Indian citizens were approximately INR 24 lakhs. It’s crucial to note that fees can vary, so it’s recommended to refer to the official IIM Bangalore website for the most current information. In addition to tuition, consider other expenses like accommodation, books, and personal costs. International students may encounter a different fee structure. Scholarships and financial aid options are also available. For precise details on IIM Bangalore Fees for MBA you can visit the website or contact their admissions office.
Indian Institute of Management Bangalore or IIM Bangalore Fees for MBA are mentioned in the table below:
| IIM Bangalore Courses | IIM Bangalore Fee Structure (INR) |
| PGPM | 24.5 Lakhs |
| PGP-BA | 24.5 Lakhs |
| EPGP | Single Accommodation: 28.5 Lakhs Family Accommodation: 31.46 Lahs |
| PGPEM | 20.11 Lakhs Refundable Caution Deposit: 10,000 Students have to pay a fee of INR 25,000 per term for each term, beyond the two-year term |
| PGPPM | 12 Lakhs |
Components of IIM Bangalore Fees
- Tuition Fees: The cornerstone of IIM Bangalore's fees structure is the tuition fees. This covers the cost of academic instruction, access to the library and digital resources, and participation in various workshops and seminars. The tuition fees are subject to periodic revisions and can vary depending on the program you're enrolled in.
- Hostel and Accommodation Charges
For students opting to reside on the campus, hostel and accommodation charges are an integral part of the fees. This component encompasses room rent, mess charges, and other associated amenities. The availability of single or shared accommodation options can impact this fee. - Course Materials and Examination Fees
IIM Bangalore provides students with a plethora of study materials, including textbooks, case studies, and other relevant resources. Additionally, examination fees are included to cover the cost of conducting regular assessments and examinations. - Miscellaneous Charges
This category encompasses a range of smaller expenses such as library deposit, alumni association fees, and charges for extracurricular activities.
IIM Bangalore Fee Structure 2023-25
Soon after the announcement of the candidates who have been shortlisted for final admission, the IIM Bangalore tuition schedule for the academic year 2023–25 will be made public. IIM Bangalore costs applicants can, however, anticipate the overall cost of the programme based on prior years.
Components | Fee |
| Fees for 2 years | Rs. 24,50,000 |
| Caution Deposit (General) | Rs. 15,000 |
| Caution Deposit (Hostel) | Rs. 5,000 |
IIM Bangalore Hostel Fee Structure
IIM Bangalore Hostel Fee Structure are mentioned in the table below:
IIM Bangalore Course | IIM Bangalore Hostel Fee Structure (INR) |
| PGPM | Hostel Accommodation Fees: Included in Fees only Mess Fees: 1.8 Lakhs (INR 30,000 per term) |
| PGP-BA | Hostel Accommodation Fees: Included in Fees only Mess Fees: 1.8 Lakhs (INR 30,000 per term) |
| EPGP | Single Accommodation: 80,000 Family Accommodation: 3.76 Lakhs |
| PGPPM | Accommodation charges are included in the fee of 12 Lakhs |
| PGPEM | Accommodation charges are included in the fee |
IIM Bangalore Fees Excludes
- Personal Expenses: While IIM Bangalore strives to provide a comprehensive educational experience, certain personal expenses remain the responsibility of the student. This can include items such as clothing, toiletries, and recreational activities.
- Travel Expenses: Students are expected to budget for their travel to and from the campus, as well as any field trips or industry visits that may be part of the curriculum.
- Health Insurance
Medical expenses, including health insurance premiums and any out-of-pocket costs, are not covered in the standard fees.
IIM Bangalore Fees for OBC
IIM Bangalore, like other IIMs, does not have a separate fee structure based on caste or category, including OBC (Other Backward Classes). The fee structure is typically uniform for all Indian students. However, it’s important to note that fees can be subject to change to get the most current and specific information regarding fees for OBC candidates, I recommend visiting the official IIM Bangalore website or directly contacting their admissions office. Also, The Indian Institutes of Management (IIMs) offer a combined total of over 5500 admission seats. Within this allocation, 3,491 seats are designated for open category candidates, 809 seats are allotted for OBC categories, 538 seats are set aside for SC/ST categories, and the remaining seats are earmarked for EWS and PwD categories.
IIM Bangalore Fees for SC
IIM Bangalore, like other IIMs, does not have a separate fee structure based on caste or category, including SC (Scheduled Castes). The fee structure is typically uniform for all Indian students. However, please note that fees can be subject to change to get the most current and specific information regarding fees for SC candidates, I recommend visiting the official IIM Bangalore website or directly contacting their admissions office. Also, The Indian Institutes of Management (IIMs) offer a combined total of over 5500 admission seats. Within this allocation, 3,491 seats are designated for open category candidates, 809 seats are allotted for OBC categories, 538 seats are set aside for SC/ST categories, and the remaining seats are earmarked for EWS and PwD categories.
IIM Bangalore Fees for BBA
The Indian Institute of Management (IIM) presents a valuable chance for students seeking to pursue a professional BBA course following their 12th grade, setting the foundation for a management-oriented career. Alongside its prestigious MBA programs, it’s worth noting that payment of IIM BBA fees is a prerequisite at the time of admission. Candidates willing to enrol for a management course at IIM after 12th graduation need to apply for the IPM AT 2023 examination. This year, the examination has been conducted by IIM Rohtak through an online mode.
Financial Aid Policy at IIM Bangalore
IIM Bangalore is committed to ensuring that meritorious students have access to world-class education irrespective of their financial background. The institute offers a range of scholarships and financial aid programs, including:
- Merit-based Scholarships
These scholarships are awarded to students based on their academic performance, both at the undergraduate level and during their time at IIMB. - Need-based Scholarships
IIM Bangalore also provides financial aid to students who demonstrate genuine financial need. This assistance can come in the form of grants, loans, or work-study programs. - Corporate Scholarships and Sponsorships
The institute has collaborations with various corporations and organizations that offer scholarships and sponsorships to outstanding students. - Research and Teaching Assistantships
Students who excel in academics and display a penchant for research or teaching may have the opportunity to work as research or teaching assistants, which can help offset their fees.
IIM Bangalore Scholarships
Only candidates whose household income is less than Rs. 8 lakhs per year will receive financial aid from IIM Bangalore. Additional students who could enrol due to unforeseeable circumstances will also be given financial aid consideration. Before offering financial aid, the following criteria will be taken into account:
- Annual Revenue
- household earnings
- Personal Savings
- Property Assets
Students will get financial aid in the amounts of 20%, 40%, 60%, 80%, and 100% based on the aforementioned criteria.
Candidates may be eligible for scholarships in addition to financial aid based on their merit. The awards are as follows:
Scholarship | Details |
| Aditya Birla Scholarship | Amount of Rs. 1.75 lakhs is offered to the candidates for both the first and second years. Students can renew the offer in the second year. |
| OPJEMS Scholarship | Amount of Rs. 1.50 lakhs is offered in this scholarship to the students in the second year of the programme. The first ten toppers for the second year will be eligible to apply for the scholarship on the basis of the online test conducted by the OP Jindal group. |
| Citi Women’s Leader Award | This scholarship offers coverage for the tuition fee of the second year. The top 25% of students of the first year are selected on the basis of their SOP and PI which will be conducted by CITI bank. |
| Societe Generale Global Solution Centre India Scholarship | This Scholarship provides complete coverage for the tuition fee of the PGP programme. Students will be offered this scholarship on the basis of their performance of PI with the Society Generate. |
| Siddhartha Padam Award | This Scholarship offers an amount of Rs. 50,000 to the PGP candidates who will be on the merit list and has the highest score/CGPA in Economics, Finance and Accountancy core courses in the first year. |
| IIMB PGP Alumni First Batch (1976) Scholarship | This scholarship is given to a differently-abled woman student from PGP. The scholarship aims to assist a differently-abled female student (or a differently-abled male student, if there is no eligible female student). It keeps alive the memory of the PGP batch of 1976 and their association with the institute. The scholarship carries a purse of INR 75000, a medallion, and a certificate. |
| Runwal Education Trust Scholarship | Rs. 1 lakh a medallion and certificate is offered to the PGP student based on their performance in the first year and financial needs. |
| Hindustan Unilever / T Thomas Scholarship | Rs. 1 lakh is offered to one of the second-year PGP students. |
| Yes Bank Scholarship | Amount of Rs. 20 lakhs is offered to the top 20 candidates who is the member of the students’ committee at the IIMB. |
| NTPC Scholarship Scheme | Amount of Rs. 48,000 is offered to the second-year candidate belonging to the reserved category. |
| Ministry of Tribal Affairs Scholarship (ST) | This scholarship is offered to ST candidates covering the tuition fee of the first year. |
| Ministry of Social Justice and Empowerment Scholarship (SC) | This scholarship is offered to SC candidates covering the tuition fee of the first year. |
| Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD) | Amount of Rs. 2.55 lakhs is offered to the candidate with not less than 40% disability |
IIM Bangalore Vs IIM Calcutta Vs IIM Indore Vs FMS Delhi Vs IIM Kozhikode
The Top IIM Comparison IIM Bangalore Vs IIM Calcutta Vs IIM Indore Vs FMS Delhi Vs IIM Kozhikode are mentioned in the table below:
| College | Fee Structure (INR) | Average Placement (INR) | Rankings |
| 24.5 Lakhs | 35.31 LPA | 2 (NIRF) | |
| 27 Lakhs | 35.07 LPA | 4 (NIRF) | |
| 21.17 Lakhs | 30.21 LPA | 8 (NIRF) | |
| 2 Lakhs | 34.1 LPA | 8 (BT) | |
| 20.5 Lakhs | 31.02 LPA | 3(NIRF) |
In conclusion, understanding the components and structure of IIM Bangalore fees is crucial for planning your academic journey. Additionally, being aware of the financial aid options available can provide a valuable safety net for students facing financial constraints. With a commitment to excellence and accessibility, IIM Bangalore stands as a beacon of opportunity for management education in India.