The Indian Institute of Management-Bangalore (IIM-B) has hiked the fee for post graduate programme (PGP) from the existing Rs 2.5 lakh per annum to Rs 4 lakh per annum. | |
| The decision to hike the fee, to be effective from the next academic year, was approved by the IIM-B Board of Governors meeting chaired by Chairman Mukesh Ambani on Tuesday here. |
| |
| The decision to hike the fee was long pending as the premier academic institution was subsidising the education of the students. |
| |
| According to IIM-B, the institute incurred an expenditure of Rs 5 lakh per student per year whereas the fee charged was just 50% of it. The balance 50% of the fee was being subsidised. |
| |
All incoming PGP students will pay Rs 4 lakh for the first year and another Rs 5 lakh in the second year.
|
