Fee Structure Overview
The fee structure for VIMR's management programs is designed to provide value for money while ensuring quality education and infrastructure. The total cost includes tuition fees, hostel charges, mess fees, medical insurance, and other institutional charges.
Annual Fee Breakdown
| Fee Head | Amount (INR) |
|---|---|
| Tuition Fees | 120000 |
| Hostel Charges | 45000 |
| Mess Charges | 30000 |
| Medical Insurance | 5000 |
| Library Fees | 2000 |
| Student Activity Fee | 1000 |
| Development Fee | 15000 |
| Total Annual Fee | 228000 |
Semester-wise Fee Distribution
For academic year 2024-25, the total annual fee of Rs. 228,000 is divided into two semesters:
- Semester I: Rs. 114,000
- Semester II: Rs. 114,000
Hostel & Mess Charges
Hostel Facilities
VIMR provides well-equipped hostel facilities for both male and female students. The hostels feature modern amenities including air-conditioned rooms, Wi-Fi connectivity, common areas, laundry services, and 24/7 security.
- Single Occupancy Room: Rs. 25,000/year
- Double Occupancy Room: Rs. 30,000/year
- Triple Occupancy Room: Rs. 35,000/year
Mess Charges
The mess charges include three meals per day (breakfast, lunch, and dinner) along with access to a variety of vegetarian and non-vegetarian options:
- Standard Mess Charges: Rs. 30,000/year
- Premium Mess Charges (with additional options): Rs. 40,000/year
Return on Investment (ROI) Analysis
Cost vs. Earnings
The total investment in education at VIMR amounts to approximately Rs. 228,000 per year for a two-year program. Based on average placement packages of Rs. 6.5 lakh and highest packages reaching Rs. 15 lakh, the return on investment (ROI) is estimated at 5.2 times the initial investment.
Year-wise ROI Comparison
| Year | Average Package (INR) | Total Investment (INR) | ROI Ratio |
|---|---|---|---|
| 2024 | 670000 | 228000 | 5.3 |
| 2023 | 640000 | 228000 | 5.1 |
| 2022 | 620000 | 228000 | 4.9 |
| 2021 | 600000 | 228000 | 4.7 |
| 2020 | 580000 | 228000 | 4.5 |
Financial Aid and Scholarship Options
Institute Scholarships
VIMR offers several merit-based scholarships to deserving students:
- Merit Scholarship: Up to 100% tuition fee waiver for top performers
- Need-Based Scholarship: Partial or full fee waiver based on financial background
- Performance Bonus: Additional incentives for academic excellence
External Scholarships
In addition to internal funding, students can apply for external scholarships from government bodies and private organizations:
- Government of India Scholarships (UGC, AICTE)
- Corporate Sponsorships (Tata Trusts, Reliance Foundation)
- Private Foundations (Schlumberger Foundation, HDFC Bank)
Payment Options
The institute provides flexible payment options to ease the financial burden on students:
- Installment Plans: Split payments across multiple months
- Online Banking: Secure online transactions
- Bank Transfer: Direct bank transfers for convenience
Additional Costs
Study Materials and Resources
Students may incur additional costs for study materials, textbooks, and access to digital resources:
- Textbooks and Reference Books: Rs. 5000-10000/year
- Digital Resources Access: Rs. 2000-3000/year
Extra-Curricular Activities
Students can participate in various clubs and societies that may involve nominal fees for activities, events, and workshops:
- Club Membership Fee: Rs. 1000-2000/year
- Event Participation Fee: Rs. 500-1000 per event
Travel and Accommodation
Students traveling for internships, industry visits, or conferences may incur travel and accommodation costs:
- Internship Travel: Rs. 2000-5000
- Conference Attendance: Rs. 5000-10000
Support Services for Financial Planning
VIMR offers dedicated support services to help students plan their finances:
- Financial Counseling Sessions
- Budgeting Workshops
- Student Loan Guidance
- Internship Compensation Advice
Investment in Future Success
The investment made at VIMR is not just about education but also about building a foundation for long-term career success. The combination of quality education, industry exposure, and alumni support creates an environment where students can thrive academically and professionally.