IIM Fees for MBA 2024: Check IIM Fees for MBA Batch 2024-26, IIMs with Low Fees, IIM Fees Increase

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Updated on March 27, 2024
IIM Fee Structure for 2024-26 batch for 21 IIMs is given below. Apart from the tuition fee, IIM MBA fee structure comprises components like hostel fee, study material, library, alumni fee etc. Top IIM fees for IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Indore is in the range of 21 to 27 lakhs while other IIMs fee is from 14 to 20 lakhs. Read this article for the latest IIM Fees 2024 Structure.
IIM Fees for MBA 2024

Embarking on the transformative journey of an MBA at the prestigious Indian Institutes of Management (IIMs) brings with it a sense of academic excellence and career empowerment. One significant aspect that often concerns aspiring students is the IIM Fees. However, it's essential to recognize that the IIM MBA Fees, despite being a high investment in one's education and future, are worth the investment. You should also remember that IIM MBA Fee covers Tuition Fees, Hostel Fees, Study Material, Library Access and Alumni contributions. Check the latest Fee Structure for all 21 IIMs in India.

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 for MBA 2024
Rs. 24.61 lakhs
Rs. 25.00 lakhs 
To be announced
IIM Bangalore Fees for MBA 2024
Rs. 23.20 lakhs
Rs. 24.70 lakhs
To be announced
IIM Calcutta Fees for MBA 2024
Rs. 23.50 lakhs
Rs. 25.00 lakhs 
Rs. 27.00 lakhs 
IIM Lucknow fees for MBA 2024
Rs. 21.75 lakhs
Rs. 20.75 lakhs
To be announced
IIM Mumbai fees for MBA 2024
--
Rs.14.63 lakhs
Rs. 21.00 lakhs
IIM Indore fees 2024 for MBA
Rs. 21.17 lakhs
Rs. 21.17 lakhs
To be announced
IIM Kozhikode Fees 2024 for MBA
Rs. 20.50 lakhs
Rs. 20.50 lakhs 
To be announced

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 2024 for MBA
Rs. 18.56 lakhs
--
Rs. 21.50 lakhs
IIM Rohtak Fees 2024 for MBA  
Rs. 16.65 lakhs
Rs. 17.90 lakhs 
To be announced
IIM Trichy Fees 2024 for MBA
Rs. 16.50 lakhs
Rs. 19.50 lakhs
To be announced
IIM Udaipur Fees 2024 for MBA
Rs. 17.59 lakhs
Rs. 21.43 lakhs
To be announced
IIM Raipur Fees 2024 for MBA
Rs. 15.49 lakhs
Rs. 15.93 lakhs 
Rs. 18.00 lakhs 
IIM Ranchi Fees 2024 for MBA
Rs. 17.20 lakhs
Rs. 17.20 lakhs
To be announced
IIM Kashipur Fees 2024 for MBA
Rs. 15.42 lakhs
Rs. 17.30 lakhs 
Rs. 17.30 lakhs
3rd Generation IIMs
Fees 2023-25
Fees 2024-26
IIM Visakhapatnam Fees for MBA 2024
Rs. 18.39 lakhs
To be announced
IIM Jammu Fees for MBA 2024
Rs. 17.15 lakhs
To be announced
IIM Nagpur Fees for MBA 2024
Rs. 18.00 lakhs
Rs. 18.90 lakhs
IIM Amritsar Fees for MBA 2024
Rs.17.30 lakhs
To be announced
IIM Bodh Gaya Fees for MBA 2024
Rs. 17.00 lakhs
To be announced
IIM Sambalpur Fees for MBA 2024
Rs. 18.01 lakhs
To be announced
IIM Sirmaur Fees for MBA 2024
Rs. 16.20 lakhs
To be announced

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

  • 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:

IIM Bangalore

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:

IIM Kozhikode

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

IIM Calcutta MBA Fees – Coming soon

8. IIM Lucknow MBA Fees for 2022-24 Batch

IIM Lucknow MBA Fees structure is as below:

IIM Lucknow

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:

IIM Indore

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:

iim udaipur

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

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:

IIM Rohtak

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.

IIM Shillong

15. IIM Raipur Fees for MBA

IIM Raipur MBA Fees structure is as below:

IIM Raipur

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:

IIM Ranchi

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:

IIM Kashipur

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:

IIM Amritsar

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:

​​IIM Bodh Gaya

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:

IIM Nagpur

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:

 IIM Jammu

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:

IIM Sirmaur

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:

IIM Sambalpur

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:

IIM Visakhapatnam

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

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