Premier B-schools hike their fees

Updated on: Wednesday, January 09, 2013

After the IITs, premier B-schools are now hiking their fees. If you're planning to join the Indian Institute of Management, Ahmedabad (IIM-A) based on your excellent CAT 2012 score, be ready to shell out more than you'd budgeted for. The country's top B-school has become costlier once again.

With a total fee of Rs 16.6 lakh, the institute, which is ranked highest among all IIMs, leads the fee front. The increase will be applicable for the 2013-15 batch and the total intake will remain the same as last year (385).

The fee for Post-Graduate Programme (PGP) students of the 2012-2014 batch of IIM-A for their first academic year was approximately Rs 7.4 lakh. IIM-A, in 2008, announced a nearly six-time increase in fee, from Rs 2 lakh to Rs 11.5 lakh for its flagship two-year PGP course in management. The fee was increased in the next two years to Rs 15.5 lakh for the 2012-14 batch.

Next to follow IIM-A is IIM-Raipur. Although it's a marginal increase, the fee structure here is Rs 9.6 lakh compared to Rs 9 lakh last year (a hike of Rs 60,000). The IIMs which haven't yet decided on a fee hike include IIM Kozhikode and IIM Calcutta, which charged Rs 10 lakh for 2012-14.

IIM-Bangalore, which increased the fee last year to Rs 13 lakh will take a decision next week. IIMs which have stayed with last year's fee structure include IIM Kashipur, IIM Lucknow and IIM Rohtak.

Seat hike and cuts:

Of the seven institutes, IIM Kashipur (Uttarakhand) will increase number of seats from 40 to 90

IIM Kozhikode may increase intake from 360 to 400

IIM Calcutta may decrease its intake from 463 to around 450 (final number will depend on number of interviewed candidates meeting final admission criteria)

Premier B-schools hike their fees

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