IIM Ahmedabad Fees for MBA | Check Fee Structure and Scholarships

Saumya
Saumya Jain
Assistant Manager- Content
10 mins readUpdated on Feb 8, 2024 16:14 IST
Course fee is an important factor in determining a candidate's choice of college. This article, brings you a quick overview of IIM Ahmedabad's fee structure and the scholarships offered.

IIM Ahmedabad Fees: The foremost Indian Institute of Management (IIM), IIM Ahmedabad is one of the most expensive, not just among all the 20 IIMs but all management colleges across the country. IIM Ahmedabad has a history of hiking the fees for its flagship courses in the bygone years. It is important for the aspirants to understand the IIM Ahmedabad MBA fees and fee structure for the MBA programme. This will help candidates in making financial arrangements accordingly. Shiksha brings you a quick overview of fees and the scholarships offered at IIM Ahmedabad. The article will give you information on:

  • Annual IIM Ahmedabad Fees for MBA for the 2024-26 batch
  • Components of IIM Ahmedabad fee structure
  • Scholarship schemes offered at IIM Ahmedabad

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Annual IIM Ahmedabad MBA Fees

The total programme fee for PGP courses offered at IIM Ahmedabad ranges between INR 12 lakh to INR 25 lakh, with IIM Ahmedabad being the most expensive among all. At present, the total programme fee payable for the MBA course is approximately INR 25 lakh. The amount is inclusive of:

  • INR 18,19,000 Tuition fee + GST
  • Laptops, boarding, laundry, clothes, and personal expenses are extra.

IIM Ahmedabad Fee Structure for MBA (2024-26 batch)

Refer to the table below to know the bifurcation of the IIM Ahmedabad fee structure for the 2024-26 batch.

Features

Fees (in INR)

IIM Ahmedabad Application Fees

2,400

IIM Ahmedabad Tuition Fees

18,19,000

IIM Ahmedabad Other Expenses

25,00,000 (approx)

Note: The registration fees are to be paid after the offer of admission

Also Read: Fee structure of all the IIMs

Other Components of IIM Ahmedabad Fees

The IIM Ahmedabad course fee includes boarding, lodging, and other expenses for services and utilities. IIM-A fees include the following costs:

  • Personal expenses
  • Boarding
  • Travel
  • Course material
  • Mess charges
  • Library
  • Internet
  • Laptop and computer
  • Alumni Activity
  • Miscellaneous expenses

Schedule of Payment of IIM Ahmedabad Fees

The total programme fee at IIM Ahmedabad can be paid in instalments. There is no compulsion to make the complete payment altogether.

Scholarships Offered at IIM Ahmedabad

Besides the financial assistance and education loans provided by IIMs to its students, the institutes also provide the opportunity to avail scholarships for candidates who are in need. The following scholarships are offered at IIM A. The total amount of scholarship to be provided to a student is decided based on several factors such as:

  • Gross family income
  • Assets owned
  • Number of dependents in the family

Special Need-Based Scholarships at IIM Ahmedabad

IIM Ahmedabad has instituted a Special Need-Based Scholarship Scheme to complement the various scholarships provided by the industry and government. Every year, several IIM aspirants are provided substantial financial support under this scheme. Students admitted to the postgraduate programmes whose gross annual income is below INR 15,00,000 in the previous financial year can apply for this scholarship scheme. They will be required to present proof of family income, amount of educational loan taken, candidate’s past earnings, etc. The annual income will be calculated as the total income of the parents/guardian and spouse (if married). The income before the tax deduction will be considered. The institute will determine the financial assistance required for each student based on its assessment of the student's economic status evaluated through criteria such as movable and immovable family assets, the number of dependents on the family income, and any other criteria it may deem necessary.

SC/ST Scholarships

Students belonging to the SC/ST category are awarded INR 150 per month for 10 months in the postgraduate programmes offered by the institute. 

IIM A Exit Scholarships

  • Scholarships for students who graduate from IIM A and going for entrepreneurship: To encourage the graduates to become entrepreneurs, IIM A has decided to initiate a scheme of providing a monthly stipend of INR 30,000 for at most three consecutive years to two students from each batch. To avail this student needs to opt out of the placement and have business plans. 
  • Scholarships for students who graduate and join Non-Profit Organisation: To encourage the graduates of IIM A to opt for jobs in NGOs, two students from every batch will be given financial assistance of INR 3 lakh to INR 4 lakh per year (per student) for three consecutive years at most to facilitate paying out a part of their bank loans they availed to study at IIM A. 
  • Assistance ships for students who graduate from IIM A and pursue doctoral studies: To encourage the graduates of IIM A to opt for doctoral studies in India or abroad, two students from each batch will be given financial assistance of INR 3 lakh to INR 4 lakh per year (per student) for three consecutive years at most.

Scholarships Offered by the Government of India

  • SC/ST Scholarship: This scholarship will be awarded to meritorious SC/ST students whose family income does not exceed INR 4,50,000 per annum. 
  • Minority Welfare Scholarship (Merit-cum-Means): This scholarship will be awarded to students who belong to minority communities, and whose family incomes do not exceed INR 2,50,000 per annum.
  • Scholarships for Students with Disabilities: This scholarship will be awarded to meritorious DA/PWD students, whose family income does not exceed INR 6,00,000 per annum.

Scholarships Offered by Alumni

  • PGP Alumni Endowment Funds: This scholarship is awarded every year to nine PGP 1 & PGP/FABM II students from economically and socially challenged backgrounds based on
    their financial status. Through this scholarship, each student would be eligible to get an amount in the range of INR 200,000 - INR 300,000. It is expected that the beneficiary
    students would contribute in future (within and not later than 5 to 7 years after passing out from the Institute) a sum at least equal to but preferably substantially more than what s/he
    received towards providing similar support to such students. A grace period of one year is allowed from the year of graduation from IIMA, to start their contributions. To avail this scholarship, the student needs to provide his/her consent to contribute in future. 
  • Class of PGP 2001, Peri Viswanath Scholarship: The scholarship was instituted by batchmates of Mr. Peri Viswanath and aims to extend financial support of INR 2,00,000 for one year and INR 4,00,000 for two years to one student in PGP/PGP FABM. The criteria to avail this scholarship is Merit-cum-Means. The scholarship will be awarded in the beginning of the second year of college and the beneficiary student is expected to contribute in future (within and not later than 5 to 7 years after passing out from the Institute). A grace period of one year is allowed from the year of graduation from IIMA, to start their contributions. To avail this scholarship, the student needs to provide his/her consent to contribute in future. 
  • Shri GC Mital Entrepreneurial Aid: Every year, one graduating student in PGP/PGP FABM, who intends to start his/her own venture will be awarded a sum on INR 2,00,000. It is limited to students with educational loans of a minimum of INR 100,000 and those with a combined family income below INR 8,00,000 per annum. The selection of the awardee shall be done based on a business plan submitted by the student. The aid amount would be given to the student on the day of convocation. 
  • Smt. J Nagamma Memorial Award: This will be awarded to one student at the end of the first year as a merit scholarship. The amount is INR 15,000. 

Industry Scholarships at IIM Ahmedabad

IIM Ahmedabad also awards various industry scholarships to students based on their academic performance:

Aditya Birla Scholarships: As the name suggests, these are awarded by the Aditya Birla Group to three meritorious PGP- I and II. The amount is 1,75,000 per student per year.

Dunia Scholarships for Scholastic Excellence: Provided by Dunia Finance LLC instituted this merit scholarship. The amount of this scholarship is INR 1,00,000 per year per scholarship. Two scholarships will be awarded each to PGP-Is and PGP-IIs. 

OP Jindal Engineering and Management Scholarship: The scholarship of INR 1,50,000 (per student per year) is awarded by the OP Jindal group to one or two students at IIM A. The selection for this scholarship is made based on academic performance, an online test and a personal interview.

T Thomas Scholarship: Awarded by Hindustan Unilever Ltd. to a student in the second year based on merit-cum-means criteria. The amount is INR 1,00,000 per year. 

Check: Detailed account on IIM Ahmedabad scholarships

Applications to register for scholarships are invited by IIM Ahmedabad in July/August every year. In order to avail of the same, candidates can contact the IIM Ahmedabad branch office for details.

Read More:

FAQs Related to IIM Ahmedabad Fees

Q: What is the fee for MBA at IIM Ahmedabad?

A: The total programme fee for PGP courses offered at IIMs ranges between INR 10 lakh to INR 32 lakh, with IIM Ahmedabad being the most expensive among all. The total programme fee at IIM A is INR 30 lakh. 

Q: Why is the IIM A fee so high?

A: Indian Institute of Management, Ahmedabad is an autonomous institute which means it does not receive funding from the government and have to meet the expenses on its own.

Q: What is the fee of an executive MBA at IIM Ahmedabad?

A: The executive MBA fee at the prestigious IIM Ahmedabad is INR 30.35 lakh for candidates opting for Single Accommodation and INR 32 lakhs for candidates opting for Married Student Housing plus the cost of the International Immersion Programme (IIP) excluding travel and stay related expenses.

Q: Can I get a bank loan to pay the fee at IIM Ahmedabad?

A: Yes, several nationalised banks offer education loans to students. IIM-A facilitate education load proceedings to students who wish to avail the service. Students can also apply for scholarship schemes offered at IIM Ahmedabad.

Q: What is the admission process to secure a seat in IIM Ahmedabad?

A: Students who wish to get admission to IIM A, need to appear for CAT, Written Ability Test (WAT) and Personal Interview. Candidates who meet the CAT cutoff will be called for WAT/GD and PI. If they clear the WAT/PI round, then they will be offered the admission at IIM A. 

Q: What is the CAT cutoff for admission to IIM Ahmedabad?

A: Students must secure 99 percentile and above for admission to IIM Ahmedabad. The cut off is lesser for reserved category students.

Q: Is CAT cutoff accepted in IIM A for reserved category students lesser than General category?

A: Yes, the CAT cut off percentile for student belonging to the SC/ST category students is lower than those belonging to the General category. Both the qualifying cut offs and final cut offs are lesser for reserved category candidates.

Q: Who decides the IIM Ahmedabad fees?

A: The management body of IIM Ahmedabad decides the course fee. The government has no say in deciding the course fee at the institute. 

Q: Which scholarships are offered at IIM Ahmedabad?

A: IIM Ahmedabad has numerous scholarships to be offered to the students. Some of these include Need-based scholarships, Industry scholarships and SC/ST scholarships. 

Q: Will I get a refund if I withdraw admission for IIM Ahmedabad after paying the fee?

A: A fraction of the admission fee will be deducted if the student withdraws admission within stipulated time. 

Q: How can I pay the IIM Ahmedabad course fee?

A: The course fee at IIM Ahmedabad can be paid online using a credit card, debit card, UPI or internet banking.There is no provision of paying the admission fee offline. 

About the Author
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Saumya Jain
Assistant Manager- Content

With over 7 years of editorial experience, Saumya has been a writer at Shiksha for over four years. With a bachelor's degree in English literature from Delhi University, she loves to write. A true Delhiite and her l... Read Full Bio

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Address

Indian Institute of Management,
Sargam Marg, Vastrapur

Ahmedabad ( Gujarat)

Email

cao@iima.ac.in

(For general enquiry)

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(For admission related enquiry)

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