Fee Structure Overview
The fee structure at Idyllic Institute of Management is designed to provide world-class education while ensuring accessibility and affordability for all students. The school offers transparent and competitive pricing that reflects the quality of its programs and facilities.
Per-Semester Fee Breakdown
| Head | First Semester (₹) | Second Semester (₹) | Total (₹) |
|---|---|---|---|
| Tuition Fee | 1,20,000 | 1,20,000 | 2,40,000 |
| Hostel Charges | 50,000 | 50,000 | 1,00,000 |
| Mess Charges | 20,000 | 20,000 | 40,000 |
| Medical Charges | 5,000 | 5,000 | 10,000 |
| Library Charges | 2,000 | 2,000 | 4,000 |
| Other Fees | 8,000 | 8,000 | 16,000 |
| Total | 1,85,000 | 1,85,000 | 3,70,000 |
Detailed Fee Components
The following components contribute to the overall cost of education at IIM:
Tuition Fee
The tuition fee covers access to high-quality academic instruction, course materials, laboratory facilities, and digital resources. It reflects the school’s commitment to providing students with the latest tools and technologies necessary for their educational journey.
Hostel Charges
Hostel accommodation is provided in well-maintained residential buildings equipped with modern amenities including internet connectivity, study spaces, laundry facilities, and 24-hour security. The hostel charges are inclusive of basic utilities such as electricity and water.
Mess Charges
The mess facility offers nutritious meals at reasonable prices, ensuring that students maintain good health throughout their studies. Meals include breakfast, lunch, and dinner, with options for vegetarian and non-vegetarian diets.
Medical Charges
Students have access to on-campus medical facilities where they can receive basic healthcare services. The medical charges cover consultations, diagnostic tests, and emergency care provided by qualified doctors and nurses.
Library Charges
The library provides access to a vast collection of books, journals, research papers, and digital resources. Library charges cover the maintenance and updating of these materials along with access to online databases and e-books.
Other Fees
Additional fees include administrative costs, examination fees, and miscellaneous charges related to student activities and campus events.
Hostel & Mess Charges Deep Dive
The hostel facilities at IIM are designed to provide a comfortable and conducive environment for learning and personal development. The school offers various types of accommodations tailored to meet the diverse needs of its students.
Hostel Accommodations
- Single Occupancy Rooms (₹50,000/semester)
- Double Occupancy Rooms (₹50,000/semester)
- Triple Occupancy Rooms (₹50,000/semester)
- Four Occupancy Rooms (₹50,000/semester)
All rooms come with air-conditioned facilities, study tables, wardrobes, and internet connectivity. Common areas include lounges, study halls, and recreational spaces that foster a sense of community among residents.
Mess Facility
The mess facility operates on a daily basis with multiple meal options to cater to different dietary preferences. The menu includes a variety of dishes from different cuisines, ensuring balanced nutrition and taste.
- Breakfast: Idli, Dosa, Paratha, Tea/Coffee
- Lunch: Roti, Dal, Vegetable Curry, Rice, Salad
- Dinner: Roti, Dal, Vegetable Curry, Rice, Dessert
The mess also offers special dietary options for students with allergies or specific health requirements. Regular feedback sessions are conducted to improve meal quality and address student concerns.
Return on Investment (ROI) Analysis
The return on investment for studying at Idyllic Institute of Management is highly favorable, considering the average placement package and career prospects of graduates.
Cost vs. Placement Package
With a total fee of ₹3,70,000 per semester, students invest in an education that yields significant returns through high-paying job opportunities. The average starting salary for IIM graduates is ₹18 lakhs per annum, which translates to a substantial ROI over the course of their careers.
Long-Term Financial Impact
Graduates from IIM often secure positions in leading organizations where they earn above ₹20 lakhs annually after two years. This financial gain, combined with the prestige associated with an IIM degree, makes the investment in education highly rewarding.
ROI Calculation Example
For a student who pays ₹3,70,000 per semester for 2 years (₹7,40,000 total) and receives an average package of ₹18 lakhs per annum:
- Total Earnings Over 5 Years: ₹90 lakhs
- Investment: ₹7,40,000
- Net Gain: ₹82,60,000
- ROI: 111.6%
This calculation demonstrates the exceptional value of an IIM education in terms of financial returns.
Financial Aid and Scholarships
IIM offers various financial aid options to ensure that deserving students can access quality education without facing financial hardship:
- Merit-based scholarships for top performers
- Need-based financial assistance programs
- Corporate sponsorships and partnerships
- Government-funded schemes for reserved categories
The school’s financial aid office works closely with students to assess eligibility and provide support tailored to individual needs.
Payment Options
To accommodate diverse financial situations, IIM offers flexible payment options:
- Installment plans for annual fees
- Online payment gateways for convenience
- Bank transfer and NEFT/RTGS facilities
- Credit card payments for international students
Students are encouraged to explore these options early to avoid any inconvenience during the admission process.