 "IIM-A okays MBA fee rise of 5.4% to Rs 19.5 lakh")
The board of governors for the Indian Institute of Management here (IIM-A) has approved a fee increase for its two-year postgraduate programme (PGP) batch of 2016-18, from Rs 18.5 lakh now to Rs 19.5 lakh, a rise of 5.4 per cent.
The revised fee covers tuition, academic support (case materials, books, etc), accommodation, basic health care, medical insurance and alumni association membership fee, the institute stated.
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Last year, it raised the fee by 11.4 per cent for the 2015-17 PGP batch, the highest in five years. The course fee for the one-year postgraduate programme for executives was also raised from Rs 21.5 lakh to Rs 24 lakh, for the batch commencing April 2015.
Stating the fee had tended in the past to lag the rate of inflation, the institute said costs were rising in step with inflationary trends. “Part of the cost increase is reflected in the fee increase,” it said.
“The institute feels a moral commitment to ensure that all deserving candidates that are admitted to the two year postgraduate programmes (PGP and PGP-FABM) avail of it, irrespective of their economic circumstances... we are committed to continue offering deserving students the most generous scholarship scheme among management schools in India,” said Ashish Nanda, Director.
For 2016-17, he said, financial aid was being offered to 251 PGP and PGP-FABM students, 29 per cent of the total.
IIM-A has revised fees for PGP programmes, including the agri business programme or FABM, by 6.9 per cent for the 2012-14 batch, 7.1 per cent for 2013-15, zero per cent for 2014-16 and 11.4 per cent for the 2015-17 batch.
