IIM Indore Fees for MBA: Check Fee Structure and Scholarships
IIM Indore fees for the PGP course it offers is approximately INR 22,20,000 for Indian candidates. Check out the complete fee structure as well as the scholarship schemes offered at IIM Indore below.
Indian Institute of Management Indore (IIM Indore) has been offering education in the field of management for over two decades. IIM Indore’s flagship Post Graduate Programme (PGP) in Management is a full-time, two-year programme that is equivalent to an MBA degree course. Candidates seeking admission at IIM Indore in the PGPM programme offered by it must take note of its fee structure which is usually high. Shiksha brings you a quick overview of the fees and scholarships offered at IIM Indore for its PGP programme. The article will give you information on:
- Annual course fees at IIM Indore for 2024-2026
- Components of IIM Indore fee structure for 2024-2026
- Scholarship schemes at IIM Indore
It may be noted that the total programme fees for the academic session, 2024-26 is likely to be higher than the previous batch fees.
The total course fee for PGP programme offered at IIM Indore is approximately INR 22,20,000 for Indian candidates and INR 31,17,000 for NRI candidates. The course fee includes access to amenities such as the library, computers and lectures. The amount is also inclusive of alumni fees and lodging. However, the course fee excludes hostel fees, insurance, textbooks, etc.
Also Read: MBA fees for all IIMs
Other Components of IIM Indore Fees
Other than tuition fees, IIM Indore PGP fees also include some other components as mentioned below:
- Computer facilities
- Access to library
- Alumni fee
- Lodging charges
- Other miscellaneous charges
Suggested reading:
- IIM Ahmedabad Fees Structure
- Scholarships offered at IIM Ahmedabad
- IIM Bangalore Fees Structure
- International Salary Packages Offered at IIMs and other B-Schools
- New IIMs: Fees, Rankings and Placements
- IIM Kozhikode Fee Structure
Campus-Wise IIM Fee
Check the table below for campus-wise fee of different IIMs:
IIM Indore offers financial assistance (Need-Based Financial Assistance (NBFA)) to all PGP students admitted at the institute whose family income is less than INR 9 lakhs during the relevant financial year. The B-school offers financial assistance to PGP students through its Need-Based Financial Assistance (NBFA) scheme, which has the following components:
Q: Is there any scholarship for IIM Indore?
Yes, IIM Indore offers both merit and need-based scholarships in the form of fee waivers and concessions as it believes that no student should be denied the privileges of education because of financial issues. All the students admitted to the PGP, PGP HRM (PGPH) and Integrated Programme in Management (IPM) with an annual family income below INR 9 Lacs are eligible to apply for financial aid. The selection of the students for this scholarship is a two-stage process:
- In the first stage, the students' financial needs are assessed by evaluating the application submitted by the students
- Based on the first stage assessment, some of the participants are called for personal interaction with the NBFA Committee in the second stage
Q: Is there any scholarship available from the institute to IPM students?
Yes, there is need-based financial assistance provided to the students of IPM at IIM Indore. Candidates with annual family income below INR 9 lakh are eligible to apply for this financial aid. For more information, students can reach out to the admission office of IIM Indore.
Q: Does IIM Indore offer scholarships?
IIM Indore provides Need-Based Financial Assistance (NBFA) to PGP/ IPM students with annual family income below INR 9 LPA, are eligible to apply for financial aid. The objective of the Need-Based Financial Assistance (NBFA) at IIM Indore is to ensure that no participant is deprived of education at the institute for financial reasons. The NBFA Committee undertakes a two-step process for deciding the number of awardees and quantum of aid. The scholarship is awarded to the students selected for pursuing courses at graduate/postgraduate in identified institutions in professional fields such as Management, Medicine, Engineering, Information Technology, Law, and Training etc. In the first stage, the candidate's financial needs will be assessed by evaluating the application submitted by them. In the second stage, based on the first stage assessment, some of the participants are called for personal interaction with the NBFA Committee. Eligible applicants who wish to apply for the IIM Indore NBFA may apply in the prescribed form as available in PGP/ IPM Office.
- Reimbursement of tuition fees up to 100%
- 80% subsidy on mess charges
- Financial support for meeting Student Exchange programme expenses
The NBFA Committee undertakes a two-step process for deciding the number of awardees and quantum of aid.
The assistance is provided to students slab-wise as mentioned below:
| Reimbursement of Tuition Fee for PGP Students |
Mess Subsidy to PGP Students |
Student Exchange for PGP 2nd-Year Students |
|---|---|---|
| Slab-I (Annual Family Income upto INR 1,50,000) |
||
| 100% tuition fee |
80% upto INR 3600 per month |
Upto INR 2 lakh |
| Slab-II (Annual Family Income between INR 1,50,000 and INR 3,00,000) |
||
| 75% tuition fee |
80% upto INR 3600 per month |
Upto INR 1.5 lakh |
| Slab-III (Annual Family Income between INR 3,00,000 and INR 4,50,000) |
||
| 50% tuition fee |
80% upto INR 3600 per month |
Upto INR 1 lakh |
| Slab-IV (Annual Family Income between INR 4,50,000 and INR 6,00,000) |
||
| 25% tuition fee |
- |
- |
| Slab-V (Annual Family Income between INR 6,00,000 and INR 7,50,000) |
||
| 15% tuition fee |
- |
- |
| Slab-VI (Annual Family Income between INR 7,50,000 and INR 9,00,000) |
||
| 10% tuition fee |
- |
- |
The NBFA committee of IIM Indore undertakes a two-step process to decide the number of candidates eligible for assistance and the quantum of financial aid. In the first step, a student’s financial status is evaluated based on following parameters:
- Annual gross household income
- Household savings
- Real estate assets
- Other assets
Based on this score, shortlisted students are called for personal interaction with the IIM Indore NBFA committee. During the interaction, the committee evaluates the financial need of a student. Based on this, financial aid is finally provided to selected students.
All eligible candidates who wish to apply for the NBFA scheme can fill out the application form in the prescribed format on the official website of IIM Indore. The applications to register for the Need-Based Financial Assistance scheme at IIM Indore are usually invited in July/ August every year.
Q: Who can apply for IIM Indore scholarships?
There is need-based financial assistance offered to the students of IPM at IIM Indore. Below is the criteria for scholarship:
- All participants admitted to the IPM programme with annual family income below INR 9, 00,000 are eligible to apply for financial aid.
- Eligible applicants who wish to apply for the IIM Indore NBFA may apply in the prescribed form as available in PGP/ IPM Office. They must apply in the form taken from the respective PGP /IM Office only.
Q: Is there any scholarship available for IIM Indore 5 year integrated program?
IIM Indore gives scholarships for its five-year integrated programme. These scholarships are based totally on advantage and other standards including educational performance, front examination ratings, and monetary need. The precise scholarships, eligibility necessities, and application approaches may also range, and it's miles really helpful to refer to the professional website of IIM Indore or contact the institute directly for particular records on the to be had scholarships and their software methods.
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Student Forum
Anything you would want to ask experts?Answered 6 days ago
It's very good decision to take admission in IMPAT in IIM Indore. It's form will be out in 1st week off March 2024 in online. Keep connected with it website so, you don't lose it.
H
Beginner-Level 5
Answered a week ago
As of December 2024, the Indian Institute of Management Indore (IIM Indore) has set the following minimum CAT 2024 percentile requirements for admission to its Post Graduate Programme (PGP):
General and Economically Weaker Sections (EWS): 90%
Non-Creamy Layer Other Backward Classes (NC-OBC): 80%.
Sched
M
Contributor-Level 9
Answered 3 weeks ago
For the academic year 2024–2026, the entire cost of IIM Indore's flagship Post Graduate Program (PGP) is roughly INR 21.14 lakh. Tuition, dorm rooms, course materials, and other amenities are included in this. The fees are subject to change, and there may be additional costs for travel, laptops, and
A
Contributor-Level 10
Answered 3 weeks ago
The High Impact Leadership Course at IIM Indore is a 3-day on-campus program, and the fees are INR 45,000 + GST. This fee includes course materials and lodging for the duration of the program. The course is aimed at enhancing leadership skills and preparing participants for leadership roles by cover
S
Contributor-Level 8
Answered 2 months ago
Indeed, IIM Indore uses Class 12 grades to make its selections, particularly for its flagship MBA programme (via CAT) and its Integrated Programme in Management (IPM). Academic consistency, including Class 10 and Class 12 results, is a significant factor for IIM Indore's five-year integrated program
N
Contributor-Level 10
Answered 2 months ago
With a CAT percentile between 90 and 95, admission processes to IIM Indore for an MBA may be competitive but not impossible. Generally speaking, IIM Indore has high cutoff marks in terms of scores and also considers various parameters other than the CAT score, such as academic background, work exper
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Contributor-Level 9
Answered 2 months ago
Choosing between IIM Calcutta and IIM Indore for an MBA depends on your priorities. IIM Calcutta, part of the prestigious IIM trio, has a strong legacy and is particularly renowned for its finance and consulting placements. Its diverse network and international exposure through programs like the Glo
G
Contributor-Level 9
Answered 3 months ago
No, you cannot get direct admission at IIM Indore for MBA. The admission at IIM Indore for MBA are strictly entrance based. Candidates are selected based on qualifying marks scored in CAT entrance exam. Eligible candidates are shortlisted for Group discussions and in person interviews where they ar
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Contributor-Level 9
I want to apply for IPMAT in IIM Indore. When will the form be out?