IIM MBA Fees 2025: Check IIMs with Highest Fees and Lowest Fees; Which IIMs are increasing their Fees constantly and which are not?

Sharp Increase in IIM MBA Fees 
Since 2022, IIMs have substantially increased their MBA fees. Last year, almost all the IIMs have increased their MBA fees in recent years. Take for example IIM Mumbai, earlier NITIE Mumbai. This year, IIM Mumbai has increased its MBA fee for 2024-26 batch by more than Rs.7 lakhs! This is a 43 percent increase over the last year fees! This is a clear case of opportunism where IIM Mumbai has increased its fees exorbitantly to milk its newly acquired IIM tag.

As table clearly shows, all prominent IIMs including IIM Ahmedabad, IIM Bangalore, IIM Kozhikode and IIM Calcutta have increase their fees by 5-20%.

IIM Kozhikode & IIM Indore emerge as role models 
It must be noted here than not all IIMs are increasing their MBA fees rampantly. Two exceptions are IIM Kozhikode and IIM Indore. As the table below shows, they have kept their MBA fees same, while improving their quality and rankings. 

While most IIMs are increasing their Fees, their Placements are actually going down! According to MBAUniverse.com analysis, except for two IIMs, all IIMs have reported lower average salary figures in Placements 2024! 
Read this article to check IIMs with Highest Fees and Lowest Fees, Which IIMs are increasing their Fees constantly and which are not?

Table of Contents

1. Top IIM Fee: Key Trends in IIM A, B, C, MBA Fees
2. New Generation IIM MBA Fee Structure at a Glance
3. IIM Fees Structure 2024: Key Components
4. IIM Ahmedabad Fees for MBA
5. IIM Bangalore Fees for MBA
6. IIM Kozhikode Fees for MBA
7. IIM Calcutta Fees for MBA
8. IIM Lucknow Fees for MBA
9. IIM Mumbai Fees
10. IIM Indore Fees for MBA
11. IIM Udaipur Fees for MBA
12. IIM Trichy Fees for MBA
13. IIM Rohtak Fees for MBA
14. IIM Shillong Fees for MBA
15. IIM Raipur Fees for MBA
16. IIM Ranchi Fees for MBA
17. IIM Kashipur Fees for MBA
18. Baby IIMs Fees at a Glance
19. IIM Amritsar Fees for MBA
20. IIM Bodh Gaya Fees for MBA
21. IIM Nagpur Fees for MBA
22. IIM Jammu Fees for MBA
23. IIM Sirmaur Fees for MBA
24. IIM Sambalpur Fees for MBA
25. IIM Visakhapatnam Fees for MBA
26. IIMs with Low Fees
27. IIM MBA Seat Intake
28. IIMs Fee: Impact of IIM Act 2017 or otherwise?

1. IIM Fees 2024 for MBA: IIM A, IIM B, IIM C and other Top IIMs 
IIM Fees 2024 for IIM Ahmedabad, Bangalore, Calcutta and others are shared below:

IIMs	Fees 2022-24	Fees 2023-25	Fees 2024-26
IIM Ahmedabad Fees	Rs. 24.61 lakhs	Rs. 25.00 lakhs	Rs.26.50 lakhs
IIM Bangalore Fees	Rs. 23.20 lakhs	Rs. 24.70 lakhs	Rs.26.20 lakhs
IIM Calcutta Fees	Rs. 23.50 lakhs	Rs. 25.00 lakhs	Not Available
IIM Lucknow fees	Rs. 21.75 lakhs	Rs. 20.75 lakhs	Not Available
IIM Mumbai fees	--	Rs.14.63 lakhs	Rs. 21.00 lakhs
IIM Indore fees	Rs. 21.17 lakhs	Rs. 21.17 lakhs	Rs.21.17 lakhs
IIM Kozhikode Fees	Rs. 20.50 lakhs	Rs. 20.50 lakhs	Rs.20.50 lakhs

2.  New Generation IIM MBA Fee 2024 Structure
Apart from 8 older IIMs (including IIM Mumbai), rest of the 13 IIMs can be divided into 2nd Generation IIMs and 3rd Generation IIMs. Their fee structures given below:

2nd Generation IIMs	Fees 2022-24	Fees 2023-25	Fees 2024-26
IIM Shillong Fees	Rs.18.56 lakhs	Rs.21.50 lakhs	Rs.26.18 lakhs
IIM Rohtak Fees	Rs. 16.65 lakhs	Rs. 17.90 lakhs	Rs.17.90 lakhs
IIM Trichy Fees	Rs. 16.50 lakhs	Rs. 19.50 lakhs	Not Available
IIM Udaipur Fees	Rs. 17.59 lakhs	Rs. 21.43 lakhs	Rs.22.24 lakhs
IIM Raipur Fees	Rs. 15.49 lakhs	Rs. 15.93 lakhs	Rs. 18.00 lakhs
IIM Ranchi Fees	Rs. 17.20 lakhs	Rs. 17.20 lakhs	Not Available
IIM Kashipur Fees	Rs. 15.42 lakhs	Rs. 17.30 lakhs	Rs.17.30 lakhs

3rd Generation IIMs	Fees 2023-25	Fees 2024-26
IIM Visakhapatnam Fees	Rs. 18.39 lakhs	Not Available
IIM Jammu Fees	Rs. 17.15 lakhs	Not Available
IIM Nagpur Fees for MBA 2024	Rs. 18.00 lakhs	Rs. 18.90 lakhs
IIM Amritsar Fees	Rs.17.30 lakhs	Not Available
IIM Bodh Gaya Fees	Rs. 17.00 lakhs	Not Available
IIM Sambalpur Fees	Rs. 18.01 lakhs	Not Available
IIM Sirmaur Fees	Rs. 16.20 lakhs	Not Available

MBA Fees for IIMs includes Tuition Fee, Hostel Fee, Alumni Fee & other Fee. Campus wise IIM Fee Details are as given below.

3. IIM Fees Structure 2024: Key Components
In addition to Tuition Fees, which is the largest component, IIM Fees structure includes several other items. Check IIM course fee components below:

• Tuition fee
• Boarding & Mess charges
• International Immersion Travel and Stay Expenses
• Course material
• Internet
• Library
• Personal expenses
• Alumni Association
• Laptop and computer
• Other miscellaneous expenses

4. IIM Ahmedabad MBA Fees

IIM Ahmedabad MBA Fees structure is as below:

• IIM Ahmedabad Fees for MBA program of the 2023-25 Batch is Rs 25. Lakhs
• This is inclusive of tuition fees of Rs 18.19 lakhs
• Laptop computer, personal expenses on boarding, travel, clothes and laundry are extra.

5. IIM Bangalore MBA Fees 2022-24
IIM Bangalore Fees structure for MBA program is as below:

Fee Component	Amount
2 Year MBA Fees	Rs. 24.50 lakhs
Caution Deposit (General)	Rs.15 thousand
Caution Deposit (Hostel)	Rs. 5 thousand

IIM Bangalore Fees structure as above is subject to changes for next academic year.

6. IIM Kozhikode MBA Fees
IIM Kozhikode MBA Fees is INR 20.50 lakhs for two years. IIM Kozhikode MBA Fees structure is as below:

Term	First Year IIM Kozhikode Fee	Second Year IIM Kozhikode Fee
Term I/ IV	4,25,000	4,25,000
Term II/ V	3,00,000	3,00,000
Term III/ VI	3,00,000	3,00,000
Total	10,25, 000	10,25, 000

IIM Kozhikode Fees structure as above is subject to changes for next academic year.

7. IIM Calcutta MBA Fees 2023-25
IIM Calcutta MBA fees is 27 lakh for 2 years. Detailed break up of IIM Calcutta MBA Fees will be placed below.

IIM Calcutta MBA Fees – Coming soon

8. IIM Lucknow MBA Fees for 2022-24 Batch
IIM Lucknow MBA Fees structure is as below:

Particulars	GPP - I (2022-23)				PGP - II (2023-24)
Fees & expenses	Term I	Term II	Term III	Total	Term IV	Term V	Term VI	Total
Admission Fee	100000	0	0	100000	0	0	0	0
Tuition Fee	210000	210000	210000	630000	210000	210000	210000	360000
Infrastructure Fee*	115000	115000	115000	345000	115000	115000	115000	345000
Total Fee (A)	425000	325000	325000	1075000	325000	325000	325000	975000
Refundable Deposits**	20000	0	0	20000	0	0	0	0
Alumni Membership Fee***	0	0	0	0	5000	0	0	5000
Total Fee (B)	20000	0	0	20000	5000	0	0	5000
Total Fee (A+B)	445000	325000	325000	1095000	330000	325000	325000	980000

IIM Lucknow Fees structure as above is subject to changes for next academic year.

9. IIM Mumbai Fees for 2024-26 Batch
IIM Mumbai MBA Fees structure is as below:

Fee Component	Fee Amount
Tuition Fees	Rs.14.00 Lakhs
Caution Deposit	Rs.  0.50 Lakhs (Rs.50 thousand)
Other expenses	Rs.  6.50 Lakhs
Total	Rs.21.00 Lakhs

IIM Mumbai Fees structure as above is subject to changes for next academic year.

10. IIM Indore MBA Fees for Batch 2023-25
IIM Indore MBA Fees structure is as below:

Sr.	Head	PGP-I/IPM-IV	PGP-II/IPM-V
No.	Academic Year	2023-24	2024-25
1	Course Fee	10,00,000	1000000
2	Alumni Fee GST @ 18%	-	11800
3	Medical Insurance Premium	711	711
4	Refundable Caution Deposit **	50000	-
5	Mess Deposit ***	54000	-
	Grand Total	1104711	1012511

IIM Indore Fees structure as above is subject to changes for next academic year.

11. IIM Udaipur Fees for MBA
IIM Udaipur MBA Fees structure is as below:

Head	First Year	Second Year
	Term - I	Term - IV
Fee paid at the time of accepting the offer of admission	1,00,000	--
Due on	22-Jun-2023	10-Jun-2024
Tuition Fee	2,40,000 @	2,90,000
Hostel Charges	23,000	24,000
Mess Charges	21,000	22,000
Caution Deposit (Refundable)	20,000	--
Alumni Association	--	3,000
Total	3,04,000	3,39,000
	Term - II	Term – V
Due on	05-Oct-2023	16-Sep-2024
Tuition Fee	3,20,000	2,90,000
Hostel Charges	23,000	24,000
Mess Charges	21,000	22,000
Total	3,64,000	3,36,000
	Term - III	Term – VI
Due on	08-Jan-2024	23-Dec-2024
Tuition Fee	3,20,000	2,90,000
Hostel Charges	23,000	24,000
Mess Charges	21,000	22,000
Total	3,64,000	3,36,000

IIM Udaipur Fees structure as above is subject to changes for next academic year.

12. IIM Trichy Fees for MBA
IIM Trichy MBA Fees structure is as below:

Term	Tuition Fee	Mess Advance	Caution Deposit	Amount to be paid
Term-I	3,25,000	20,000	30,000	3,75,000
Term-II	3,25,000	20,000	-	3,45,000
Term-III	3,25,000	20,000	-	3,45,000
Term-IV	3,25,000	20,000	-	3,45,000
Term-V	3,25,000	20,000	-	3,45,000
Term-VI	3,25,000	20,000	-	3,45,000

IIM Trichy Fees structure as above is subject to changes for next academic year.

13. IIM Rohtak Fees for MBA

IIM Rohtak MBA Fees structure is as below:

Particulars	PGP I (2023-24)
	Term-I	Term-II		Term-III	Total
Total Fee	Rs 3,55,000	Rs 2,70,000		Rs 2,70,000	Rs 8,95,000
Particulars	PGP II (2024-25)
	Term-IV		Term-V	Term-VI	Total
Total Fee	Rs 3,55,000		Rs 2,70,000	Rs 2,70,000	Rs 8,95,000

IIM Rohtak Fees structure as above is subject to changes for next academic year.

14. IIM Shillong Fees for MBA
IIM Shillong is yet to release its fee details on its website. IIM Shillong PGP Fees for two years is around Rs.21.50 lakhs.

15. IIM Raipur Fees for MBA
IIM Raipur MBA Fees structure is as below:

Fee Structure for PGP 2023 -25 Batch
1st Year Fees
Sl. No	Particulars	1st Term (₹)	2nd Term (₹)	3rd Term (₹)	Total (₹)
1	Academic Fees	2,49,150.00	2,29,350.00	2,28,800.00	7,07,300.00
2	Lodging Charges	21,000.00	21,000.00	21,000.00	63,000.00
3	Medical Insurance Charges	1,200.00			1,200.00
4	Students Association Fees	6,000.00			6,000.00
5	Alumni Activities	10,000.00			10,000.00
Total (1st Year)		2,87,350.00	2,50,350.00	2,49,800.00	7,87,500.00
6	Caution deposit	30,000.00			30,000.00
Total (Including Caution deposit)		3,17,350.00	2,50,350.00	2,49,800.00	8,17,500.00
2nd Year Fees
Sl. No	Particulars	4th Term (₹)	5th Term (₹)	6th Term (₹)	Total (₹)
1	Academic Fees	2,50,470.00	2,30,670.00	2,30,120.00	7,11,260.00
2	Lodging Charges	21,000.00	21,000.00	21,000.00	63,000.00
3	Medical Insurance Charges	1,200.00			1,200.00
Total (2nd Year)		2,72,670.00	2,51,670.00	2,51,120.00	7,75,460.00
Total Fees (Excluding Boarding Charges)			15,92,960.00

IIM Raipur Fees structure as above is subject to changes for next academic year.

16. IIM Ranchi Fees for MBA

IIM Ranchi MBA Fees structure is as below:

S.No	Particular	Term-I	Term-II	Term-III	Term-IV	Term-V	Term-VI	Total
1	Acceptance fee	1,10,000	-	-	-	-	-	1,10,000
2	Tuition fee	1,65,000	2,65,000	2,65,000	2,65,000	2,65,000	2,65,000	14,90,000
3	Hostel charges	20,000	20,000	20,000	20,000	20,000	20,000	1,20,000
4	Caution deposit	20,000	-	-	-	-	-	20,000
5	Alumni fee	10,000	-	-	-	-	-	10,000
	Total	3,25,000	2,85,000	2,85,000	2,85,000	2,85,000	2,85,000	17,50,000

IIM Ranchi Fees structure as above is subject to changes for next academic year.

17. IIM Kashipur Fees for MBA
IIM Kashipur MBA Fees structure is as below:

MBA-I (2023-24)				MBA-II (2024-25)
Particular	Term-I	Term-II	Term-III	Term-IV	Term-V	Term-VI	Total
Admission fee	25,000	-	-	-	-	-	25,000
Course fee	2,84,000	2,82,000	2,82,000	2,84,000	2,82,000	2,82,000	16,96,000
Caution deposit refundable	9,000	-	-	-	-	-	9,000
Total fees	3,18,000	2,82,000	2,82,000	2,84,000	2,82,000	2,82,000	17,30,000

IIM Kashipur Fees structure as above is subject to changes for next academic year.

18. Baby IIMs Fees at a Glance for MBA 2023-25 Batch
Not lagging behind, Baby IIMs which started operation in 2015-16 have also announced their fee structure for 2023-25 batch. Details are as below:

Baby IIM	Fee for 2023-25 Batch (Rs. in Lakhs)	Fee for 2022-24 Batch (Rs. in Lakhs)	Percentage Increase in Fees
IIM Amritsar Fees 2023 for MBA	17.30	16.00	+ 8%
IIM Bodh Gaya Fees 2023 for MBA	17.00	14.95	+14%
IIM Jammu Fees 2023 for MBA	17.15	14.82	+16%
IIM Nagpur Fees 2023 for MBA	19.40	18.00	+  8%
IIM Sambalpur Fees 2023 for MBA	13.08	13.08	0%
IIM Sirmaur Fees 2023 for MBA	16.20	14.00	+16%
IIM Visakhapatnam Fees 2023 for MBA	18.25	16.80	+ 9%

19. IIM Amritsar Fees for MBA
IIM Amritsar MBA Fees structure is as below:

Components	First year (2023-24)	Second year (2024-25)
Tuition	6,25,000	6,25,000
Academic Support	1,85,000	1,85,000
Hostel & Electricity	40,000	40,000
Student Activities & Health	15,000	15,000
Total (year wise)	8,65,000	8,65,000
Grand total (Two years)	17,30,000

IIM Amritsar Fees structure as above is subject to changes for next academic year.

20. IIM Bodh Gaya Fees for MBA
IIM Bodh Gaya MBA Fees structure is as below:

Particulars	1st Term	2nd Term	3rd Term	4th Term	5th Term	6th Term
Tuition Fees	160000	160000	160000	160000	160000	160000
Hostel Rent	25000	25000	25000	25000	25000	25000
Academic Charges *	80000	80000	80000	80000	80000	80000
Admission Fee	15000	-	-	-	-	-
Annual Registration Fee	6000	-	-	6000	-	-
Student Activity Fee	-	5000	5000	5000	5000	5000
Career Development Fee	8000	8000	8000	8000	8000	8000
Alumni Activity Fee	-	-	-	-	-	5000
Convocation Fee	-	-	-	-	-	10000
Term-wise Total	294000	278000	278000	284000	278000	288000
Year-wise Total	850000			850000
Course Total	17,00,000

IIM Bodh Gaya Fees structure as above is subject to changes for next academic year.

21. IIM Nagpur Fees for MBA
IIM Nagpur MBA Fees structure is as below:

Fee Component	Fee Amount
Academic & Hostel Fees	Rs.18,90,000
Refundable Caution Deposit	Rs. 50,000

IIM Nagpur Fees structure as above is subject to changes for next academic year.

22. IIM Jammu Fees for MBA
IIM Jammu MBA Fees structure is as below:

First year	Term-I	Term-II	Term-III	Total fee (INR)
Tuition fee	1,75,000	1,75,000	1,75,000	5,25,000
Other academic/ non-academic expense	1,11,300	1,09,100	1,09,100	3,29,500
Total fee	2,86,300	2,84,100	2,84,100	8,54,500
Second year	Term-IV	Term-V	Term-VI	Total fee (INR)
Tuition fee	1,75,000	1,75,000	1,75,000	5,25,000
Other academic/ non-academic expense	1,17,300	1,09,100	1,09,100	3,35,500
Total fee	2,92,300	2,84,100	2,84,100	8,60,500
Total fee for the program	17,15,000

IIM Jammu Fees structure as above is subject to changes for next academic year.

23. IIM Sirmaur Fees for MBA
IIM Sirmaur MBA Fees structure is as below:

Particulars	YEAR – I (2023-24)
	Admission Fee	Tuition fee	Hostel Charges	Alumni Membership Fee	Mediclaim	Total
Term -I	60000	225000	30000	3000	2000	320000
Term -II	0	225000	30000	0	0	255000
Term -III	0	225000	30000	0	0	255000
				Total Fee (A) 830000
YEAR – II (2024-25)
Term -IV	0	225000	30000	3000	2000	260000
Term -V	0	225000	30000	0	0	255000
Term -VI	0	225000	30000	0	0	255000
				Total Fee (B) 770000
				Total (A+B) 1600000

In addition to the above, the students are required to pay Refundable Caution Deposit of Rs. 20,000/- towards Mess, Computer Lab and Library

IIM Sirmaur Fees structure as above is subject to changes for next academic year.

24. IIM Sambalpur Fees for MBA
IIM Sambalpur MBA Fees structure is as below:

S.No	Heads	PGP-I	Installments			PGP-II	Installments
		2023-24	1	2	3	2024-25	1	2	3
1	Tuition fee	525000	175000	175000	175000	525000	175000	175000	175000
	Hostel charges	65000	20000	20000	25000	65000	20000	20000	25000
	Total (Course fee)	590000	195000	195000	200000	590000	195000	195000	200000
2	Refundable Caution Deposit*	15000	15000	-	-	-	-	-	-
3	Mess Deposit**	56700	18900	18900	18900	56700	18900	18900	18900
	Grand total	661700	228900	213900	218900	646700	213900	213900	218900

IIM Sambalpur Fees structure as above is subject to changes for next academic year.

25. IIM Visakhapatnam Fees for MBA
IIM Visakhapatnam MBA Fees structure is as below:

Details	Academic year-1 (2023-24)
	Term-1	Term-2	Term-3
Program fees	2,68,375	2,68,375	2,68,375
Advance for mess and other charges (including printing and photocopying charges etc.)	25,000	25,000	25,000
Student Welfare & Activities	20,000	-	-
Due Date for Payment	As per the admission offer letter	On the day of registration	On the day of registration
Caution Deposit (Refundable)	25,000
Sub-Total	3,38,375	2,93,375	2,93,375
Total for 1st year (A)	9,25,125
Details	Academic year-2 (2024-25)
	Term-4	Term-5	Term-6
Program fee	2,68,375	2,68,375	2,68,375
Advance for mess and other charges (including printing and photocopying charges etc.)	25,000	25,000	25,000
Student Welfare & Activities	20,000	-	-
Due Date for Payment	On the day of registration	On the day of registration	On the day of registration
Sub-Total	3,13,375	2,93,375	2,93,375
Total for 2nd year (B)	9,00,125
Grand total for two years (A + B)	18,25,250

IIM Visakhapatnam Fees structure as above is subject to changes for next academic year.

26. IIMs with Low Fees
IIMs MBA Fee Structure in India goes as high as Rs.25+ lakhs and also as low as Rs.13 lakhs. IIMs Lowest Fee is about Rs 13.0 Lakhs. Some of the low fees IIMs and lowest fee IIMs are shared below:

Low Fee IIM	Fee for 2023-25 Batch (Rs. in Lakhs)
IIM Sambalpur Fees	13.08
IIM Raipur Fees	15.93
IIM Sirmaur Fees	16.30
IIM Bodh Gaya Fees	17.00
IIM Jammu Fees	17.15
IIM Amritsar Fees	17.30

As you can see from the table above, IIMs Lowest Fee is about Rs 13.0 Lakhs. These fees are subject to changes for upcoming academic year.

27. IIM MBA Seat Intake 2024
IIM Fee Structure and Seats both are increased for 2023-25 batch. IIM fee structure is already shared above, and IIM MBA Seat intake 2023 as released by many IIMs is shared below: 

Name of IIM with Seat Intake 2023	Total Seats in Flagship MBA 2023-25 Batch
IIM Ahmedabad	408
IIM Bangalore	531
IIM Calcutta	480
IIM Lucknow	480
IIM Indore	478
IIM Kozhikode	483
IIM Mumbai	550
IIM Udaipur	360
IIM Sambalpur	320

28. IIMs Fee: Impact of IIM Act 2017 or otherwise?

After getting full autonomy with the passing of IIM Act 2017 by the Parliament, IIMs have gained higher autonomy and are now awarding MBA degree instead of Post Graduate Diploma. The IIMs are not regulated by AICTE and therefore decide their fees in accordance with their requirement and also allowing for the adjustment of inflationary trends.

Stay tuned to MBAUniverse.com for more updates on MBA Fee by IIMs