Fee Structure at Prayaga Institute of Management Studies
The fee structure at Prayaga Institute of Management Studies is designed to be transparent, fair, and aligned with the quality of education provided. The total cost for a full-time MBA program includes tuition fees, hostel charges, mess charges, and other miscellaneous expenses.
Annual Fee Breakdown
| Category | Semester 1 (INR) | Semester 2 (INR) | Semester 3 (INR) | Semester 4 (INR) |
|---|---|---|---|---|
| Tuition Fee | 2,50,000 | 2,50,000 | 2,50,000 | 2,50,000 |
| Hostel Fee | 80,000 | 80,000 | 80,000 | 80,000 |
| Mess Fee | 25,000 | 25,000 | 25,000 | 25,000 |
| Medical Fee | 10,000 | 10,000 | 10,000 | 10,000 |
| Library Fee | 5,000 | 5,000 | 5,000 | 5,000 |
| Other Charges | 20,000 | 20,000 | 20,000 | 20,000 |
The total annual cost for the MBA program is approximately INR 4,00,000. This includes all essential components required for a comprehensive educational experience.
Hostel and Mess Charges
The hostel facilities at PIMS are well-maintained and offer single, double, and triple occupancy rooms with modern amenities such as Wi-Fi, AC, attached bathrooms, and 24/7 security. The hostel charges are among the most affordable compared to other premier institutions in India.
Mess services provide a variety of vegetarian and non-vegetarian meals prepared by professional chefs, ensuring nutritional balance and dietary preferences. The mess menu is updated regularly to accommodate seasonal variations and student feedback.
Return on Investment (ROI) Analysis
To evaluate the value of education at PIMS, a detailed ROI analysis is conducted based on the total cost of the program and average placement package.
The total cost for a four-year MBA program at PIMS is approximately INR 16 lakhs. Based on the average placement package of INR 7.5 lakhs per annum, students can expect to recoup their investment within five years of graduation. The ROI increases significantly if students secure positions in top-tier firms with packages exceeding INR 12 lakhs per annum.
For example, a student who receives an average package of INR 12 lakhs per annum would see a return of approximately 300% over the course of their career. This ROI analysis demonstrates that investing in PIMS education is not only financially rewarding but also strategically sound for long-term career development.
Financial Aid and Scholarships
PIMS offers a comprehensive scholarship system to support meritorious and economically disadvantaged students. These scholarships are categorized into institute-wide, donor/alumni, and external government/corporate scholarships.
Institute-wide scholarships include the MCM (Merit Cum Means) Scholarship, which provides full tuition waiver for top-performing students from economically weaker sections. Additionally, the PIMS Excellence Award offers financial assistance to outstanding performers in academics and extracurricular activities.
Donor/alumni scholarships are awarded by prominent alumni who have made significant contributions to society or business. Some of these include:
- The Ramesh Kumar Memorial Scholarship
- The Sunita Sharma Excellence Fellowship
- The Ajay Singh Leadership Award
- The Manoj Patel Innovation Grant
- The Priya Desai Research Fellowship
- The Deepak Khanna Entrepreneurship Prize
- The Anjali Mehta Career Development Fund
- The Professor Rajeshwar Foundation Scholarship
- The Dr. Naveen Gupta Excellence Award
- The Mrs. Rekha Shah Merit Award
External scholarships include the National Means-Cum-Merit Scholarship (NMMS) provided by the Ministry of Education, which supports students from SC/ST categories. Corporate sponsors such as TCS, Microsoft, and Oracle offer internships and full scholarships to deserving candidates.
Payment Options
PIMS offers flexible payment options for students, including installment plans and online payment gateways. Students can choose to pay fees on a semester-wise basis or opt for annual payment plans with discounts for early payments.
The institute also provides assistance in arranging educational loans through partner banks and financial institutions. The placement cell works closely with these partners to ensure that students have access to funding options without compromising their academic progress.