Fee Structure and Financial Considerations
The Indore Institute of Management and Research (IIMR) is committed to providing quality education at a reasonable cost. The fee structure for the various programs offered by the institute includes tuition, hostel, mess, and other essential charges. Understanding these costs is crucial for prospective students and their families in making informed decisions about their educational investments.
Annual Fee Structure
| Semester | Tuition Fee (INR) | Hostel Fee (INR) | Mess Fee (INR) | Medical Fee (INR) | Total Fee (INR) |
|---|---|---|---|---|---|
| Semester 1 | 1,20,000 | 45,000 | 15,000 | 2,000 | 1,82,000 |
| Semester 2 | 1,20,000 | 45,000 | 15,000 | 2,000 | 1,82,000 |
| Semester 3 | 1,20,000 | 45,000 | 15,000 | 2,000 | 1,82,000 |
| Semester 4 | 1,20,000 | 45,000 | 15,000 | 2,000 | 1,82,000 |
| Semester 5 | 1,20,000 | 45,000 | 15,000 | 2,000 | 1,82,000 |
| Semester 6 | 1,20,000 | 45,000 | 15,000 | 2,000 | 1,82,000 |
Hostel & Mess Charges
IIMR provides well-furnished hostel accommodations for students. The hostel charges vary based on room type and amenities provided:
- Single Occupancy Room: 45,000 INR per semester
- Double Occupancy Room: 35,000 INR per semester
- Triple Occupancy Room: 25,000 INR per semester
The mess charges are inclusive of meals for all days of the week and include breakfast, lunch, and dinner. The mess fee is calculated on a monthly basis and is adjusted based on the number of days students stay on campus.
Return on Investment (ROI) Analysis
When evaluating the value of education at IIMR, it is essential to consider the return on investment (ROI). Based on the average placement package of 500,000 INR and the total fees paid over six semesters (1,092,000 INR), the ROI can be calculated as follows:
ROI = (Average Package - Total Fees) / Total Fees * 100
ROI = (500,000 - 1,092,000) / 1,092,000 * 100 = -45.06%
This calculation indicates that the immediate financial gain from employment after graduation does not fully offset the cost of education. However, considering long-term career growth and potential for advancement, the ROI becomes more favorable over time.
Additionally, the institute offers various scholarships and financial aid options to make education accessible to deserving students, thereby improving their overall financial situation.