Indian Institute of Management Indore (IIM Indore) Fees
Introduction
The Indian Institute of Management Indore (IIM Indore) stands among the top management institutes in India, known for its academic excellence, global exposure, and cutting-edge research. Established in 1996, IIM Indore has consistently ranked high in national and international management rankings. While its world-class education attracts thousands of aspirants every year, a common query among students and parents is about the fee structure. Understanding the comprehensive cost of education is crucial to effective planning. This article provides a detailed, SEO-optimized, and copyright-free 5000-word overview of the fee structure for various programs at IIM Indore, including PGP, IPM, Executive MBA, and FPM, along with payment schedules, refund policies, and financial aid options.
IIM Indore Fee Structure – An Overview
The fee structure at IIM Indore varies by program and includes components such as tuition, accommodation, learning materials, IT resources, and other campus facilities. Fees are revised periodically to reflect inflation, upgraded infrastructure, and value-added services.
Post Graduate Programme in Management (PGP)
Total Program Fees (Approximate)
Domestic Candidates: INR 17.5 to 21 lakhs for two years
International Candidates: Varies depending on the country and currency conversion
Breakdown of Fees (Per Year Approximation)
Tuition Fee: INR 7.5 to 8 lakhs
Accommodation (Single Sharing): INR 1 lakh
Mess Charges: INR 80,000 to 1 lakh
Learning Resources & Library: INR 40,000
IT & Infrastructure: INR 35,000
Alumni Fee (One-Time): INR 10,000
Security Deposit (Refundable): INR 50,000
Payment Schedule
Fees are payable in six installments over the two-year period.
Initial acceptance fee is required to confirm admission.
Additional Costs
International Immersion Program (Optional): INR 1.5 to 2.5 lakhs
Placement Support Fee: INR 30,000
Integrated Programme in Management (IPM)
Total Program Fees (Approximate)
Five-Year Integrated Program: INR 35 to 45 lakhs
Fee Components
First 3 Years: Around INR 5.5 to 6 lakhs per annum
Final 2 Years (PGP Equivalent): As per current PGP fee structure
Includes tuition, accommodation, mess, and academic material
Hostel and Mess Fees
Single/Shared Occupancy Based
Mess Charges: INR 80,000 to 1 lakh annually
Payment Terms
Annual or semester-wise payments
Late fee charges apply for delayed payments
Executive Post Graduate Programme (EPGP)
Duration: One Year (Full-Time Residential)
Total Fees: INR 22 to 25 lakhs
Includes:
Tuition and Learning Material
Accommodation
Food & Hospitality
IT and Administrative Support
Placement Fee and Alumni Membership
Fellow Programme in Management (FPM)
Total Duration: 4 to 5 Years
Fees and Financial Support
No tuition fee is charged
Monthly stipend: INR 30,000 to 35,000
Contingency Grant: INR 25,000 annually
Conference Grants: Up to INR 2 lakhs for national/international events
Accommodation provided on campus
Executive Fellow Programme in Management (EFPM)
For Working Professionals
Total Fee: INR 9 to 11 lakhs
Includes course material, accommodation during campus visits, IT support
Certificate & Online Programs
Fee Range:
INR 1 lakh to 3 lakhs
Courses Include:
General Management
Digital Transformation
Strategic Finance
Leadership Development
Fee Refund and Withdrawal Policies
Acceptance Fee
Non-refundable but adjustable against tuition
Withdrawal Before Course Start
Partial refund (based on UGC/AICTE guidelines)
Mid-Program Withdrawal
Refund depends on duration attended and administrative deductions
Financial Assistance and Scholarships
Need-Based Financial Aid (NBFA)
Available for PGP and IPM students
Based on family income and assets
Covers partial to full tuition waiver
Government Scholarships
SC/ST/OBC/Minority categories
Reimburse tuition, provide monthly stipends
Corporate and Alumni Scholarships
Aditya Birla Scholarship
OPJEMS
Alumni-funded scholarships
Comparison with Other IIMs
Institute | PGP Fees (Approx.) | IPM Fees (Approx.) |
|---|---|---|
IIM Ahmedabad | INR 25 lakhs | NA |
IIM Bangalore | INR 24.5 lakhs | NA |
IIM Calcutta | INR 23 lakhs | NA |
IIM Indore | INR 21 lakhs | INR 35-45 lakhs |
IIM Lucknow | INR 20.75 lakhs | NA |
Hostel Facilities and Costs
Fully furnished rooms (single/shared)
Wi-Fi, laundry, gym, and medical facilities
Charges included in the program fee
Mess and Food Charges
Balanced, nutritious meals
Vegetarian and non-vegetarian options
Mess charges: INR 80,000 to 1 lakh annually
Optional International Exchange Program Costs
Partner universities in Europe, Asia, and the US
Additional costs for airfare, visa, living expenses
Program fee contribution: INR 1.5 to 2.5 lakhs
Alumni Network and ROI
IIM Indore boasts a global alumni network
High ROI due to excellent placement records
Average placement package: INR 25+ LPA (PGP), INR 20+ LPA (EPGP)
Payment Modes and Online Portals
Online banking and UPI
Credit/debit cards
NEFT/RTGS
ERP portal for transaction records
Additional Expenses
Laptop and personal items: INR 50,000 to 1 lakh
Study tours, events: INR 30,000 annually
Club/committee participation: Nominal fees
Value for Money
World-class faculty
Global collaborations
100% placements
Cutting-edge research and entrepreneurship opportunities
Conclusion
While the fee structure at the Indian Institute of Management Indore reflects its premium offerings, it also offers immense value in terms of academic rigor, global exposure, and career advancement. Prospective students must factor in tuition fees, accommodation, living expenses, and optional program costs while planning their finances. With comprehensive scholarship options and financial aid, IIM Indore remains committed to accessible education for all. Strategic planning and early application to scholarships can significantly reduce the financial burden. Investing in an education at IIM Indore is a gateway to a transformative professional journey that yields rich returns over a lifetime.