Fee Structure Overview
The fee structure at V M Patel Institute of Management is designed to be transparent and competitive, reflecting the quality of education provided. The total cost includes tuition fees, hostel charges, mess fees, medical expenses, and other administrative costs.
| Component | Semester 1 (INR) | Semester 2 (INR) | Total (INR) |
|---|---|---|---|
| Tuition Fee | 120000 | 120000 | 240000 |
| Hostel Fee | 40000 | 40000 | 80000 |
| Mess Fee | 15000 | 15000 | 30000 |
| Medical Fee | 2000 | 2000 | 4000 |
| Security Deposit | 10000 | - | 10000 |
| Other Charges | 5000 | 5000 | 10000 |
| Total | 182000 | 182000 | 364000 |
Hostel & Mess Charges
The hostel facilities at V M Patel Institute of Management are designed to provide a comfortable living environment for students. The hostel charges include accommodation, utilities, and basic amenities.
Hostel Accommodation
Students can choose from various types of rooms based on their preferences:
- Semi-Detached Rooms (2-person): INR 40,000 per semester
- Private Rooms (1-person): INR 60,000 per semester
Each room is equipped with essential furniture, internet connectivity, and access to common areas such as study rooms, laundry facilities, and recreational spaces.
Mess Charges
The mess charges cover meals for all three meals a day. The institute ensures that the food served is nutritious and hygienic, with dietary options catering to different tastes and preferences.
- Standard Mess Plan (INR 15,000/semester): Includes breakfast, lunch, and dinner
- Premium Mess Plan (INR 20,000/semester): Includes premium meals with additional options
Return on Investment (ROI) Analysis
The ROI for V M Patel Institute of Management is calculated by comparing the total cost of education against the average placement package received by students. Based on historical data, the institute's ROI stands at approximately 1.85x.
This calculation takes into account:
- Total tuition and fees over two years: INR 364,000
- Average placement package: INR 700,000
- ROI = Average Package / Total Cost = 700,000 / 364,000 ≈ 1.92x
The ROI has improved over the years due to consistent increases in average packages and strong industry demand for graduates.
Financial Aid and Support
To ensure accessibility, V M Patel Institute of Management offers various financial aid options:
- Scholarship Programs: Merit-based and need-based scholarships available to deserving students
- Education Loans: Assistance in securing student loans from nationalized banks
- Payment Plans: Flexible payment options for tuition fees
- Part-time Work Opportunities: Internships and part-time roles within the institute or affiliated organizations
The institute also collaborates with financial institutions to provide low-interest loans and credit facilities, making quality education accessible to students from diverse backgrounds.