Fee Structure Overview
The fee structure for the Informatics and Management Sciences program at IIMS is designed to provide comprehensive value while ensuring accessibility for students from diverse economic backgrounds. The total cost includes tuition fees, hostel charges, mess charges, and other miscellaneous expenses.
The table below provides a detailed breakdown of the fee structure per semester:
| Head | Semester 1 (INR) | Semester 2 (INR) | Semester 3 (INR) | Semester 4 (INR) |
|---|---|---|---|---|
| Tuition Fee | 180000 | 180000 | 180000 | 180000 |
| Hostel Charges | 50000 | 50000 | 50000 | 50000 |
| Mess Charges | 30000 | 30000 | 30000 | 30000 |
| Medical Charges | 5000 | 5000 | 5000 | 5000 |
| Library Charges | 2000 | 2000 | 2000 | 2000 |
| Other Miscellaneous | 10000 | 10000 | 10000 | 10000 |
| Total (INR) | 277000 | 277000 | 277000 | 277000 |
The total annual fee is INR 1,108,000, and the program spans four years, resulting in a cumulative cost of approximately INR 4,432,000 over the course duration.
Hostel & Mess Charges
IIMS provides comfortable and secure accommodation for its students through well-maintained hostels. The hostel charges are inclusive of all amenities such as electricity, water, internet, and maintenance services. Students can choose from various types of rooms including single, double, and triple occupancy.
The mess charges cover meals for all three meals a day (breakfast, lunch, and dinner) in the campus dining halls. The menu is carefully planned to ensure nutritional balance and variety, with vegetarian options available throughout the week.
Return on Investment (ROI) Analysis
The return on investment for the Informatics and Management Sciences program at IIMS is quite favorable, especially when compared to similar programs at other institutions. Based on historical data, students typically receive an average starting salary of INR 8 lakhs per annum, with the highest package reaching up to INR 15 lakhs.
With a total investment of INR 4,432,000 over four years and an average annual salary of INR 8 lakhs, the ROI is calculated as follows:
ROI = (Average Salary * Years) / Total Investment
For a period of four years:
ROI = (INR 800000 * 4) / INR 4432000 = 72.1%
This calculation indicates that students can expect to see a significant return on their investment within a relatively short period, making the program financially attractive.
Additionally, many students secure pre-placement offers (PPOs) during their final year of study, which often lead to higher initial salaries and better job security. The institute's strong placement record further supports this positive ROI projection.
Financial Aid and Scholarships
To support students from economically disadvantaged backgrounds, IIMS offers various financial aid options, including scholarships, fee waivers, and installment plans. These programs aim to ensure that financial constraints do not hinder a student's educational journey.
The institute also provides assistance with loan applications through partnerships with banks and financial institutions, making it easier for students to manage their expenses during their studies.