Indian Institute of Management Sambalpur (IIM Sambalpur) Fees: Complete Guide 2025
Introduction
Indian Institute of Management Sambalpur (IIM Sambalpur) is one of the premier management institutes in India, established in 2015 under the Indian Institutes of Management Act, 2017. It is located in Sambalpur, Odisha, and has quickly established itself as a center for academic excellence in management education.
A critical factor prospective students consider when applying to any institute is the fee structure. Understanding the fee details helps candidates plan their finances and explore scholarship and loan options effectively.
This comprehensive guide covers the entire fee structure of IIM Sambalpur, including tuition fees, hostel charges, mess fees, security deposits, and other associated costs for various programs. It also sheds light on payment schedules, fee waivers, scholarships, and financial assistance.
Overview of IIM Sambalpur Programs and Fee Structure
IIM Sambalpur offers primarily the following programs:
Post Graduate Programme in Management (PGPM) – flagship 2-year MBA-equivalent program
Fellow Programme in Management (FPM) – doctoral program
Executive Education programs
This guide focuses mainly on the fees related to the flagship PGPM course, as it is the most sought after.
IIM Sambalpur PGPM Fee Structure 2025
Tuition Fees
Tuition fees constitute the largest portion of the total cost for the PGPM program. The tuition fee is charged per year and covers academic expenses, faculty, library access, labs, and other learning resources.
Particulars | Amount (INR) | Remarks |
|---|---|---|
Tuition Fee (1st Year) | ₹8,50,000 | Academic fees for year 1 |
Tuition Fee (2nd Year) | ₹8,50,000 | Academic fees for year 2 |
Total Tuition Fee | ₹17,00,000 | For the complete PGPM program |
Hostel and Accommodation Charges
IIM Sambalpur provides on-campus hostel facilities for students, with separate accommodations for male and female students. Hostel charges include rent, electricity, water, and maintenance.
Particulars | Amount (INR) | Remarks |
|---|---|---|
Hostel Rent (Annual) | ₹60,000 | Rent for a single room |
Electricity & Water | ₹15,000 | Approximate annual charges |
Maintenance Charges | ₹10,000 | Annual maintenance fee |
Total Hostel Charges | ₹85,000 | Estimated yearly hostel expenses |
Mess Charges
Mess charges cover food expenses during the academic year. IIM Sambalpur follows a subsidized mess system to ensure quality and affordable food for students.
Particulars | Amount (INR) | Remarks |
|---|---|---|
Mess Charges (Annual) | ₹90,000 | Covers 3 meals a day, 7 days a week |
Total Food Expenses | ₹90,000 | Estimated yearly mess fees |
Security Deposit
A refundable security deposit is collected from students at the time of admission to cover any damages or pending payments.
Particulars | Amount (INR) | Remarks |
|---|---|---|
Security Deposit | ₹20,000 | Refundable at the end of the course |
Other Miscellaneous Fees
Other fees may include exam fees, library fees, gymnasium fees, medical insurance, and student activity fees.
Particulars | Amount (INR) | Remarks |
|---|---|---|
Examination Fee | ₹10,000 | Annual exam charges |
Library Fee | ₹5,000 | For access to library resources |
Medical Insurance | ₹3,000 | Annual insurance coverage |
Student Activity Fee | ₹7,000 | Cultural, sports, and events |
Total Miscellaneous Fees | ₹25,000 | Approximate yearly cost |
Summary of Annual Fees for PGPM at IIM Sambalpur
Particulars | Amount (INR) |
|---|---|
Tuition Fee | ₹8,50,000 |
Hostel Charges | ₹85,000 |
Mess Charges | ₹90,000 |
Miscellaneous Fees | ₹25,000 |
Total Annual Fee | ₹10,50,000 |
Total Fees for 2 Years: ₹21,00,000 (approximate)
Fee Structure for Fellow Programme in Management (FPM)
The FPM is a doctoral-level research program, and the fee structure varies from the PGPM program.
Particulars | Amount (INR) | Remarks |
|---|---|---|
Tuition Fee (Annual) | ₹2,00,000 | Annual tuition fee |
Hostel & Mess Charges | ₹1,50,000 | Combined hostel and mess fees |
Miscellaneous Fees | ₹30,000 | Includes library and medical charges |
Total Annual Fee | ₹3,80,000 | Approximate annual fees |
Note: FPM students may receive fellowships and stipends from IIM Sambalpur or other funding agencies.
Fee Payment Schedule
The institute follows a semester-wise fee payment system, usually dividing the annual fees into two installments. Students must clear each installment before the deadline to continue their studies and access campus facilities.
Scholarships and Financial Assistance at IIM Sambalpur
To ease the financial burden on deserving students, IIM Sambalpur offers several scholarships and fee waivers. These schemes are merit and need-based and aim to support economically weaker students and those with exceptional academic or extracurricular achievements.
Types of Scholarships
Merit-Based Scholarships: Awarded to top-performing students based on academic records and performance during the program.
Need-Based Scholarships: For students who demonstrate financial hardship.
Government Scholarships: Some students avail scholarships offered by central or state governments.
Corporate Scholarships: Sponsored by companies or alumni.
Students interested in scholarships must apply during the admission process or once enrolled. The scholarship amount can vary from partial fee waiver to full tuition coverage.
Education Loans for IIM Sambalpur Students
Given the premium fee structure, many students rely on education loans to finance their studies. Most banks and financial institutions in India provide education loans with favorable terms for students admitted to reputed institutes like IIM Sambalpur.
Key Points for Education Loans:
Loans generally cover tuition fees, accommodation, and living expenses.
The repayment period typically starts after course completion.
Students can avail loans under government schemes such as the Vidyalakshmi Portal.
A co-applicant (usually a parent or guardian) is required for loan sanction.
Banks may require collateral for higher loan amounts.
Refund and Fee Cancellation Policy
Students who withdraw or cancel their admission must follow the institute's refund policy. The refund amount depends on the timing of withdrawal and whether the academic session has commenced.
Full refund minus administrative charges if withdrawal is before the start of classes.
Partial refund if withdrawal happens after classes start, depending on university rules.
No refund after a certain cutoff date.
Students should check the official policy at the time of admission for precise details.
Comparison with Other IIM Fee Structures
IIM Sambalpur's fee structure is competitive when compared with other newer IIMs. While the older IIMs (Ahmedabad, Bangalore, Calcutta) may charge higher tuition fees, IIM Sambalpur provides quality education at a reasonable cost.
Institute | Total Fees (approx.) |
|---|---|
IIM Sambalpur (2 years) | ₹21,00,000 |
IIM Ahmedabad (2 years) | ₹23,00,000+ |
IIM Bangalore (2 years) | ₹23,50,000+ |
IIM Calcutta (2 years) | ₹22,00,000+ |
Important Tips for Managing Fees at IIM Sambalpur
Plan Early: Understand the fee structure before applying.
Explore Scholarships: Apply early and maintain strong academics.
Budget for Additional Expenses: Books, travel, clothing, and personal expenses.
Consider Education Loans: Compare interest rates and repayment terms.
Keep Track of Payment Deadlines: Avoid penalties by paying fees on time.
Conclusion
The fee structure at Indian Institute of Management Sambalpur reflects its status as a premium management institute dedicated to providing quality education and facilities. While the fees might appear significant, the value offered through strong academics, placements, and overall student development justifies the investment.