All PGP students with annual household incomes below INR 8,00,000 are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered.
Check out more on IIM Bangalore - Indian Institute of Management Scholarship in the below video:
IIM Bangalore Scholarship FAQs
Given below are the FAQs about the scholarships offered at IIM Bangalore:
Q: Can I get financial aid at IIM Bangalore?
Yes, IIMB extends financial aid to students in need of assistance. The objective of the Financial Aid Policy at IIMB is to ensure that no student is deprived of education at the institute for financial reasons. All PGP students with annual family incomes below INR 8 LPA are eligible to apply for financial aid. Other students with severe financial difficulties arising from sudden unforeseen circumstances are also considered. The Financial Aid Committee undertakes a two-step process for deciding the number of awardees and the quantum of aid. In the first stage, the students are given a financial status score based on four criteria: Annual Gross Household Income (including income of the student if employed before joining IIMB and outstanding loans if any, provided they were not taken for conspicuous consumption), household savings, real estate assets, and other assets. Based on this score, some of the students were called for personal interaction with a faculty panel. Based on the weighted average of these two scores, applicants are provided with 100%, 80%, 60%, 40%, or 20% financial aid.
Q: I want to join IIM Bangalore College. What is the fee structure and also how to get a fee reduction at this college?
One of India's top management schools, IIM Bangalore is well-known for its excellent Post Graduate Programme in Management (PGP).
Depending on the type of student, different pricing structures are available for the MBA programme at IIM Bangalore. The cost of the two-year MBA curriculum is INR 23,00,000 for Indian citizens and USD 50,000 for students outside India for the academic year 2021-2023.
However, the IIM Bangalore cost schedule can change from year to year, so it's best to check their official website or get in touch with their admissions office for the most precise and recent information.
Regarding the fee reduction, the IIM Bangalore offers financial aid and scholarships to qualified students based on their academic standing, financial situation, and other factors. The institute also provides a number of scholarships, including the OPJEMS Scholarship and the Aditya Birla Scholarship.
The typical pricing structure at IIM Bangalore consists of a number of items, including tuition, room and board, mess, library, and other supplemental costs. The PGP programme's overall cost may be high. It is crucial to remember that IIM Bangalore offers numerous scholarships and financial aid programmes to meritorious applicants.
Q: Does IIM Bangalore offer any scholarships for the MBA programme in Risk Management?
Yes, the scholarships for the MBA programme in Risk Management at IIM Bangalore are based on a student's financial need and academic performance. There are several scholarships available, including the Aditya Birla Scholarship, OP Jindal Engineering and Management Scholarships, and more. The selection process for scholarships typically involves an application and an interview.
Q: Are there any scholarships available at IIM Bangalore?
Students enrolled in the MBA course at IIM Bangalore are eligible to apply for financial aid if their annual household income is less than INR 8 lakh. Consideration is also given to those students who are experiencing extreme financial difficulties as a result of sudden, unforeseen events. Candidates can refer to the table below to know about IIM Bangalore scholarships, along with information on eligibility requirements and award amounts:
Scholarship Name | Category | Eligibility/Amount |
---|---|---|
Aditya Birla Scholarship | Merit-Based | PGP students of both the first and the second years INR 1.75 lakh |
OPJEMS Scholarship | Merit-Based | Offered to top 10 Scholars in 2nd Year INR 1.50 lakh |
Citi Women’s Leader Award | Merit-Based | To Top 25% of the Batch based on 1st Year Performance |
Siddhartha Padam Award | Director’s Merit | the highest CGPA in Economic, Finance & Accounting INR 50,000 |
IIMB PGP Alumni First Batch | Differently-Abled | INR 75,000, a Medallion, and a Certificate |
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Student Forum
Answered 2 years ago
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Guide-Level 15
Answered 2 weeks ago
Choosing between Aston Business School and IIM Bangalore depends on your career goals. IIM Bangalore is more prestigious globally, especially in India and Asia, with strong industry connections and a robust alumni network. It's ideal if you plan to work in India or Asia. On the other hand, Aston Bus
S
Contributor-Level 10
Answered 3 weeks ago
The indian Institute of Management Bangalore will send interview calls for the post Graduate Programme in Enterprise Management from February 15,2025.
S
Contributor-Level 6
Answered 3 weeks ago
The entire cost of the two year MBA program at the IIM Bangalore for the 2024–2026 class is 26 lakhs. Tuition, library use, internet case royalties course materials health insurance first-year dorm rent and alumni events are all included in this sum. Refundable caution deposits of 15,000 (general) a
R
Contributor-Level 10
Answered 2 weeks ago
The selection process at IIM Bangalore for an MBA programme is multi-step. First, candidates have to appear for the CAT exam. The first shortlisting is done based on the CAT score, academic background, and work experience. After shortlisting, candidates are called for a Personal Interview and Writte
K
Contributor-Level 8
How to get admission to IIM Bangalore and avail scholarship? What is the fee for MBA? What is the minimum placement package?