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Even as the Indian Institute of Management, Ahmedabad (IIM-A) announces fee hike, other IIMs may not follow suit. While IIM-A has announced the fee hike for the 2015-17 batch citing inflationary pressures, other IIMs say they have reached a threshold and hence may not increase fee.
"Next year we are not increasing fee. There has to be certain balance between fee and affordability. We do not believe in creating barriers for students who may have some income limitations. I think we have reached the threshold. We have to find other ways of controlling costs," said Rishikesha T Krishnan, Director, IIM Indore.
IIM Indore charges Rs 13 lakhs for its two year post graduate programme in management. For NRI candidates the fee is Rs 19.5 lakhs.
IIM-A has announced a fee hike of 11.44% for its post graduate programme in management (PGP) and PGP food & agri-business management (FABM) for the 2015-17, which will be highest in last five years.
IIM-A has announced that the fee for its PGP and PGP-ABM programs will increase from the current Rs 16.6 lakhs to Rs 18.5 lakhs by 11.44%, while the PGPX course fee is also being raised from Rs 21.5 lakhs to Rs 24.0 lakhs for the batch commencing from April 2015. According to IIM-A, since the last revision made for the 2013-15 batch, inflation has been on the rise is projected at eight% for 2014.
Even IIM Calcutta (IIM-C) states that the institute has no plans to raise fees. Saibal Chattopadhyay, Director, Indian Institute of Management Calcutta (IIM-C) said the institute has already increased the fee in the past and has no plans to further increase the fee.
IIM-C had from this academic year hiked tuition fee for its two-year diploma programme from Rs 13.5 lakhs to Rs 16.2 lakhs-- a jump of about 20%. Fee for foreign nationals enrolling in the PGPDM course at IIM-C by cracking GMAT was increased to $50,000 (Rs 30 lakhs roughly), up from $40,000 (Rs 25 lakhs approx).
