🏫 Indian Institute of Management Visakhapatnam (IIM Visakhapatnam)

Established in 2015, the Indian Institute of Management Visakhapatnam (IIMV) is one of the premier management institutes in India under the Ministry of Education. Mentored by IIM Bangalore, IIMV is known for its academic excellence, industry-relevant curriculum, and strategic location in the port city of Visakhapatnam, Andhra Pradesh. It has rapidly gained a reputation for grooming future business leaders through its rigorous programs and strong industry-academia interface.

💰 Fee Structure at IIM Visakhapatnam

1. Post Graduate Program in Management (PGP) 2025–27

The flagship two-year full-time residential MBA equivalent program is the most sought-after at IIMV.

• Total Program Fee: ₹18,25,250 (for the full two years)

• Breakup:

  • Year 1:

    • Term 1: ₹3,38,375 (includes tuition, student welfare, hostel, refundable deposit, etc.)

    • Terms 2 and 3: ₹2,93,375 each

    • Total for Year 1: ₹9,25,125

  • Year 2:

    • Terms 4 to 6: ₹2,93,375 each

    • Total for Year 2: ₹9,00,125

This fee includes tuition, hostel accommodation, access to the library and IT infrastructure, student activities, and other essentials. Mess charges are payable separately in advance each term.

2. Executive Post Graduate Program (PGPEx) for Working Professionals

• Duration: 2 years (part-time)

• Total Fee: ₹10,80,000

• Fee per Term: ₹1,80,000 (6 terms in total)

This program is designed for professionals who want to upgrade their managerial skills without leaving their jobs.

3. Post Graduate Program in Digital Governance and Management (PGP-DGM)

This is a specialized program designed for government professionals and executives focused on digital transformation in governance.

• Total Program Fee: ₹16,50,000

It includes tuition, digital access, study material, and project-based learning support.

4. Doctoral Program in Management (Ph.D.)

• Program Duration: Up to 5 years

• Tuition Fee: Waived

• Stipend:

  • ₹30,000 per month for the first two years

  • ₹35,000 per month for the next three years

• Contingency Grant: ₹25,000 per year

• Conference Support: Up to ₹2,00,000 for presenting at national/international conferences

IIMV supports full-time doctoral candidates with generous financial aid to encourage high-quality research.

🏠 Hostel and Accommodation

• Hostel Fee: ₹75,000 to ₹1,00,000 per year depending on single or double occupancy.

• Facilities: Wi-Fi, housekeeping, security, mess facility, indoor and outdoor sports, common rooms, and more.

All PGP and Ph.D. students are required to stay in the institute’s hostels, promoting a vibrant campus life and collaborative learning environment.

🎓 Scholarships and Financial Assistance

IIM Visakhapatnam offers multiple scholarships and aids for meritorious and needy students.

Institute-Level Scholarships

• Merit-cum-Means Scholarship:

  • For students from economically weaker sections with outstanding academic performance.

  • Includes tuition fee waiver and monthly stipend.

Government of India Scholarships

• Ministry of Social Justice and Empowerment:

  • For Scheduled Caste (SC) students

  • Covers tuition and provides living expense stipend

• Ministry of Tribal Affairs:

  • For Scheduled Tribe (ST) students

  • Full fee reimbursement and living allowance

• Ministry of Minority Affairs:

  • For students from minority communities under the Merit-cum-Means scheme

• Department of Empowerment of Persons with Disabilities:

  • Support for differently-abled students (with over 40% disability)

📚 Additional Costs (Estimated)

• Mess Charges: ₹3,500 – ₹4,000 per month

• Books and Materials: ₹20,000 – ₹25,000 per year

• Laptop and Personal Expenses: Varies per student

• Medical Insurance: ₹1,000 – ₹2,000 per year (mandatory)

📝 Admission Fee & Payment Terms

• An initial offer acceptance fee (around ₹75,000) is payable once the admission offer is received.

• The balance of the first-term fee is payable before the program starts.

• Fees can be paid term-wise in advance.

📌 Important Notes

• All fees mentioned are subject to revision annually as per IIM Visakhapatnam’s discretion.

• Financial assistance is available through bank loans with support from the institute. Most leading banks have pre-approved education loan options for IIM students.

• Fee refunds are applicable as per the institute’s policy aligned with AICTE/UGC guidelines.

📣 Summary

IIM Visakhapatnam’s fee structure is competitive and reflects the quality and value of education it offers. The institute ensures inclusivity and affordability by providing robust scholarship support and financial aid mechanisms. From PGP to Executive and Doctoral programs, the institute’s transparent and structured fee system helps students plan their educational investments efficiently.