Indian Institute of Management Udaipur: Fees All Data
Introduction
Indian Institute of Management Udaipur (IIM Udaipur) is one of India’s premier business schools, known for its excellent academic programs and world-class infrastructure. Established in 2011, it offers flagship postgraduate, doctoral, and executive management courses aimed at shaping future business leaders. A crucial aspect prospective students consider before joining any institution is the fee structure, which significantly influences decision-making.
This article provides an exhaustive overview of IIM Udaipur fees, detailing the tuition fees, other charges, payment schedules, scholarships, financial assistance, and a comparative analysis with other IIMs. Whether you are an aspiring student, parent, or education consultant, this guide will help you understand the complete fee scenario at IIM Udaipur.
Overview of Programs and Fee Structure at IIM Udaipur
IIM Udaipur offers various programs, each with its distinct fee structure:
Post Graduate Program in Management (PGPM) - Full-Time MBA
Executive Post Graduate Program in Management (EPGPM)
Fellow Program in Management (FPM) – Doctoral Degree
1. Post Graduate Program in Management (PGPM)
This is the flagship two-year full-time MBA program designed to equip students with managerial skills across domains such as Finance, Marketing, Operations, Strategy, and HR.
2. Executive Post Graduate Program in Management (EPGPM)
This is a part-time program designed for working professionals to enhance managerial and leadership skills while continuing their careers.
3. Fellow Program in Management (FPM)
A doctoral-level program focused on research and academic excellence in management.
Detailed Fee Structure for PGPM (MBA) Program
The PGPM fee structure at IIM Udaipur generally consists of the following components:
Fee Component | Amount (INR) | Remarks |
|---|---|---|
Tuition Fee | ₹18,50,000 | For the full two-year program |
Hostel & Accommodation | ₹2,00,000 approx. | Per annum (subject to change) |
Security Deposit | ₹20,000 (Refundable) | One-time payment |
Library & Lab Fees | ₹30,000 approx. | Per annum |
Medical & Insurance Fees | ₹20,000 approx. | Per annum |
Examination Fees | ₹15,000 approx. | Per annum |
Miscellaneous Charges | ₹50,000 approx. | Includes student activities |
Total Estimated Fees | ₹21,85,000 approx. | For two years |
Note: The fee amounts may vary slightly based on the academic year and policy updates by the institute.
Tuition Fee Breakdown
The tuition fee covers academic instruction, case materials, campus facilities, and access to the institute’s resources.
Hostel and Accommodation Charges
IIM Udaipur offers on-campus accommodation with modern amenities. Hostel fees include room rent, maintenance, utilities, and mess charges.
Security Deposit
The security deposit is refundable after course completion, provided there are no dues or damages.
Fee Structure for Executive Post Graduate Program in Management (EPGPM)
The EPGPM is a flexible program for working professionals and has a different fee structure:
Fee Component | Amount (INR) | Remarks |
|---|---|---|
Tuition Fee | ₹7,00,000 approx. | Total program fee (duration 18 months) |
Study Material & Resources | ₹1,00,000 approx. | Included in tuition fee |
Examination Fees | ₹50,000 approx. | Included in tuition fee |
Other Charges | ₹30,000 approx. | Includes administrative costs |
Total Estimated Fees | ₹8,80,000 approx. | For the entire program |
The payment for EPGPM is usually made in installments as per the program guidelines.
Fee Structure for Fellow Program in Management (FPM)
The Fellow Program is a research-based doctoral program, and fees are typically subsidized or waived for full-time research scholars. However, certain charges may apply as below:
Fee Component | Amount (INR) | Remarks |
|---|---|---|
Tuition Fee | Nominal / Waived | Depends on sponsorship |
Hostel & Accommodation | ₹2,00,000 approx. | If availed |
Registration & Other Fees | ₹30,000 approx. | Per annum |
Many FPM scholars receive fellowships that cover tuition and provide a stipend for living expenses.
Fee Payment Schedule and Modes
PGPM Program
Installment 1: At the time of admission (approx. 40% of total fees)
Installment 2: After the first semester (approx. 30%)
Installment 3: After the third semester (remaining 30%)
EPGPM Program
Usually paid in 3-4 installments during the program tenure as per the schedule shared by the institute.
Modes of Payment
Online payment through net banking, debit/credit cards.
Demand draft or cheque payment (rarely used now).
Instalments may be allowed as per the institute policy.
Scholarships, Financial Aid, and Fee Waivers
IIM Udaipur offers various scholarships and financial aid options to support meritorious and deserving students:
Merit-Based Scholarships
Awarded to top performers based on academic excellence and CAT/XAT scores.
Scholarships may cover partial tuition fee reductions.
Need-Based Financial Aid
Available for students with genuine financial constraints.
Requires submission of income proofs and other documents.
May include partial fee waivers or deferment of payments.
Corporate Scholarships and Sponsorships
Some students receive sponsorship from employers or corporates for Executive Programs.
These may cover part or whole fees depending on agreements.
Government Scholarships
Students can avail themselves of central/state government scholarships for higher education.
Reserved category scholarships for SC/ST/OBC/PwD students as per government norms.
Refund and Cancellation Policy
IIM Udaipur follows a structured refund policy:
If a student withdraws before the start of the academic session, a full refund minus an administrative charge may be possible.
Partial refunds apply if withdrawal is before the completion of the first semester.
No refunds are usually allowed after the commencement of the second semester.
Refunds are processed as per the official institute guidelines and timelines.
Comparison with Other IIMs
To provide perspective, here’s a quick comparison of fees for the flagship MBA programs at some of the top IIMs:
IIM | Tuition Fees (INR) | Total Fees (INR) |
|---|---|---|
IIM Udaipur | ₹18,50,000 | ₹21,85,000 approx. |
IIM Ahmedabad | ₹23,00,000 approx. | ₹25,00,000+ |
IIM Bangalore | ₹23,00,000 approx. | ₹26,00,000+ |
IIM Calcutta | ₹22,00,000 approx. | ₹24,00,000+ |
IIM Lucknow | ₹17,00,000 approx. | ₹20,00,000 approx. |
IIM Udaipur’s fees are competitive and reflect its emerging status among the top IIMs with excellent infrastructure and faculty.
Factors Influencing IIM Udaipur Fees
Several factors influence the fees structure at IIM Udaipur:
Infrastructure costs: State-of-the-art campus and hostels increase expenses.
Faculty and resources: Hiring top-tier faculty and providing quality learning materials.
Research and development: Investment in research facilities.
Student services: Counseling, placements, extracurricular activities.
Inflation and policy changes: Annual revisions by the institute.
Tips to Manage IIM Udaipur Fees
Apply early for scholarships: Be proactive with scholarship applications.
Explore education loans: Banks offer loans with favorable terms for IIM students.
Employer sponsorship: Working professionals can seek sponsorship for Executive programs.
Plan finances: Budget for hostel, books, and miscellaneous expenses alongside tuition.
Utilize fee waivers and subsidies: Stay informed about government schemes and institute offers.
Frequently Asked Questions (FAQs)
Q1: What is the total cost of the PGPM program at IIM Udaipur?
A: Approximately ₹21.85 lakhs, including tuition, hostel, and other fees.
Q2: Are scholarships available for PGPM students?
A: Yes, merit-based and need-based scholarships are offered.
Q3: Can I pay fees in installments?
A: Yes, the institute allows installment payments as per schedule.
Q4: Does IIM Udaipur offer fee waivers for reserved categories?
A: Yes, scholarships and fee concessions are available for SC/ST/OBC and PwD students.
Q5: How much does the Executive MBA program cost?
A: Around ₹8.8 lakhs for the entire program.
Conclusion
Understanding the fees structure of Indian Institute of Management Udaipur is crucial for prospective students planning their management education journey. IIM Udaipur offers competitive and transparent fees, backed by scholarship programs and financial aid to make world-class management education accessible. Its fee structure reflects the quality of education, infrastructure, and global exposure provided.