A Detailed Look at IIM MBA Fees in 2024: What to Expect?

IIMs are the premier institutions in India. They serve as the cornerstone of excellence in management education, attracting students from all around the globe and shaping future leaders. Though they may feel a bit pricy, but with high return on investment it’s all worth it. Earning a management degree from the Indian Institute of Management (IIM) is considered a hallmark of excellence and a gateway to lucrative career opportunities. The MBA fees at IIMs vary between INR 11 lakh to INR 34 lakh.

Do you know there are 20 IIMs in the country? Out of which, 7 are old and the top IIMs of India and 13 are new generation IIMs. In this blog, we will learn about the MBA Fees of the 20 IIMs in India. So, let’s understand the fee structure, scholarship options, and how investing in an IIM MBA can make a difference in your career.

Why Choose IIMs for Your MBA?

Interestingly, it’s not only about regular MBA programmes for freshers. You can find a plethora of MBA programmes catering to individuals of various needs. This includes regular MBAs, executive MBAs, online MBAs, part-time MBAs, and Integrated MBAs. Whether you are a fresher, an early career professional, a mid-career professional, an entrepreneur, or a senior player in your field, there’s a course for each one of you.

Know the 13 Reasons Why IIM is the Benchmark for Elite Management Education:

• Strong Corporate Recognition

• World Class Faculty

• Globally Recognised Degree

• International Immersion Programmes

• Tailored Programme Curriculum

• State-of-the-art technologies for learning

• Internships and Capstone Projects

• Research Teaching and Training

• Global Alumni Network

• Industry Collaborations

• Diverse Programmes

• Top Management Specialisations

• Excellent Placement Records

Know Your IIMs: List of All 20 Institutes

Do you know the names of all the IIMs? If not, check out the state-wise list of IIMs in India as follows:

Complete Breakdown of IIM MBA Fee Structure

What are the IIM’s fee structures comprised of? Is it only the tuition fees or the sum of other components? Let’s conduct a detailed study of that.

IIM MBA fees have several components. So if you are planning to take MBA admissions at IIMs then, you better arrange your finances accordingly. Now you might be wondering, why IIM fees are so high. MBA at IIMs is pretty expensive because IIMs are autonomous institutions, meaning they are not directly funded by the government and are responsible for covering their own operational expenses. On top of that, a lot of money is being spent on international immersion programmes.

The fee structure at IIMs (Indian Institute of Management) comprises the following expenses:

• Tuition Fees

• Course Materials

• Accommodation charges

• Library

• Internet

• Laptop and Computer

• Mess charges

• Travel

• Alumni Activities

List of IIMs with Complete Fee Details

1. IIM Ahmedabad

This is the only IIM that has consistently topped the NIRF ranking list. IIM Ahmedabad is a leading global institute that has stretched its legs in academics, research, and leadership. Let’s check out the MBA degree programmes by IIM Ahmedabad:

• MBA – Two-Year Post Graduate Programme in Management

• MBA-FABM – Two-Year Post Graduate Programme in Food and Agri-business Management

• MBA-PGPX – (same as Executive MBA) One Year MBA for experienced professionals

• Online MBA – Two-Year MBA Programme in online mode

• ePGD-ABA – ePost Graduate Diploma in Advanced Business Analytics

Related: How to Get Admission in IIM Ahmedabad Online MBA?

2. IIM Bangalore

Ranked among the top business schools in Asia, IIM Bangalore offers short-duration, long-duration, and custom programmes. It is accredited by EQUIS, ensuring international education standards. You cannot miss its student exchange programmes, entrepreneurship support programmes, and collaborative research programmes. Let’s check out the transformative learning programmes that IIMB offers:

• PGP – MBA – Two-Year Post Graduate Programme in Management

• PGP-BA – Two-Year Post Graduate Programme in Business Analytics

• EPGP – One-Year Executive Post Graduate Programme in Management

• PGPEM – Two-Year Post Graduate Programme in Enterprise Management (Weekend Programme)

Also Read: Executive MBA from IIMs – Worth the Investment?

3. IIM Calcutta

IIM Calcutta takes pride in being India’s first IIM, offering a full-time MBA programme and gaining international accreditation from AACSB and AMBA. The institution offers postgraduate and doctoral-level programmes, executive training programmes, research, and consulting activities. IIM Calcutta offers the following management programmes to its students:

• MBA – Two-Year Post Graduate Programme in Management

• MBA-EX – One Year Executive MBA for experienced professionals

• PGPEX-VLM – One Year Post Graduate Program for Executives for Visionary Leadership in Manufacturing (Full-Time Residential Programme)

• PGDBA – Two-Year Post Graduate Diploma in Business Analytics

4. IIM Lucknow

IIM Lucknow holds the 7th position in the NIRF Ranking list. It is also accredited by international regulatory bodies like AMBA and AACSB. With a sprawling campus in Lucknow and a satellite campus in Noida, the institution provides excellent infrastructure to support a vibrant learning environment. You may find joint research initiatives and dual-degree opportunities to grow your career. Let’s check out the diverse management programs that IIM Lucknow offers:

• PGP-MBA – Two-Year Post Graduate Programme in Management

• PGP-ABM – Two-Year Post Graduate Programme in Agribusiness Management

• PGP-SM – Two-Year Post Graduate Programme in Sustainable Management

• PGPWE – Two-Year Post-Graduate Programme in Management for Working Executives

• IPMX – One Year International Programme in Management for Executives

Related:

5. IIM Indore

IIM Indore is a leading business school that is recognised, approved, and accredited by national and international regulatory bodies. It is ranked among the 10 best B-schools in India and also holds a good position in the “Top 100 in FT Global MBA Ranking” for its Executive Management Course. Let’s examine the diverse business management programmes of IIM Indore.

• PGP-MBA – Two-Year Post Graduate Programme in Management

• EPGP – One-Year Executive Post Graduate Programme in Management

• IPM – Five Year Integrated Programme in Management

• PGP-HRM – Two-Year Post Graduate Programme in Human Resource Management

• PGP-MX – Two-Year Post Graduate Programme in Management for Executives

6. IIM Kozhikode

Established in 1996, IIM Kozhikode is renowned for its innovative approach to management. Nested in the hilly areas of Kerala, it provides a perfect environment for students to enjoy an immersive learning experience amidst natural tranquillity. It holds international recognition popularly known as “Triple Crown Accreditation,” i.e., EQUIS accreditation, and AMBA accreditation. Let’s dig deep to find out the diverse management programmes offered by IIM Kozhikode.

• PGP-MBA – Two-Year Post-graduate Programme in Management

• PGP-Finance – Two-Year Post Graduate Programme in Finance Management

• PGP-LSM – Two Year Post Graduate Programme in Liberal Studies and Management

• PGP-BL – Two Year Post Graduate Programme in Business Leadership

• MBA – Working Executives (IL-Kozhikode/ Kochi Campus) – Two years Executive Post Graduate Programme in Management for the working professional.

7. RGIIM Shillong

RGIIM Shillong is a premier management institute in Northeast India committed to nurturing future leaders through innovative teaching methods and collaborative initiatives. The institution ranks 24th in the “Management Category” by the NIRF ranking 2024 and has also achieved the 6th position in the Outlook-ICARE 2024 rankings for MBA (government college) category. You can explore a variety of diverse management programs at IIM Shillong.

• PGP- MBA – Two Year Post-graduate Programme in Management

• PGPEX – One Year Full-Time Post Graduate Program for Executives

• PGP WE – Two-Year Programme for Working Executives

8. IIM Rohtak

IIM Rohtak is the first among second and third-generation IIMs to receive international recognition for its academic excellence, research, and industry integration. Located within the National Capital Region (NCR) of India, the university is spread over 200 acres and offers a conducive learning environment. The courses it offers are:

• PGP – MBA – Two-Year Post-graduate Programme in Management

• PGPx – MBA – One Year Post Graduate Programme in Management for Working Executives

• IPM – Five-Year Integrated Programme in Management

9. IIM Raipur

IIM Raipur is one of the new generation institutes. The institution offers you great networking opportunities, doctoral programmes, and advanced certificate programmes. Most students choose IIM Raipur for its state-of-the-art campus, industry-academia collaboration, and outstanding placements. The following are the programmes offered at IIM Raipur:

• PGP – MBA – Two-Year Post-graduate Programme in Management

• EPGP – Executive MBA – Two Year Post Graduate Programme in Management for Executives

• eMBA – HRM – Two-Year Online Postgraduate Programme in Management

10. IIM Ranchi

Have you experienced a perfect blend of innovative academics and practical learning? IIM Ranchi can shape your professional journey with programs aligned with international standards of management study. The university is known for achieving 100% placements with top consulting, finance, IT, and HR recruiters. So, let’s check the top management programmes and their fees.

• PGP – MBA – Two Year Post-graduate Programme in Management

• MBA – HR – Two Year Post-graduate Management Programme Specialised in Human Resources

• MBA – BA – Two-Year Postgraduate Programme in Management Specialised in Business Analytics

• Executive MBA – Two Year Post Graduate Programme in Management for Working Executives

• IPM – Five Year Integrated Programme in Management

11. IIM Tiruchirappalli

IIM Tiruchirappalli offers its flagship programme, PGPM (MBA) and specialisations in Human Resources Management. The university also offers executive programmes for mid- and senior-level working professionals. These programmes beautifully blend all the practical components to offer an immersive learning experience and thorough industrial exposure.

IIM Tiruchirapalli offers the following degree management programmes to students:

• PGPM – MBA – Two-Year Regular Post-graduate Programme in Management

• PGPM – HR (MBA-HR) – Two-Year Post-graduate Programme in Human Resource Management

• PGPBM (MBA for Working Executives) – Two-Year Executive MBA for working professionals and mid-career professionals.

12. IIM Kashipur

IIM Kashipur is a second-generation IIM known for its academic ecosystem and remarkable innovative management and leadership programmes. It is accredited by prestigious international regulatory bodies like AACSB, EQUIS, and AICTE. It offers an array of doctoral programmes, degree programmes, hybrid courses and online certifications. The notable MBA programmes are as follows:

• PGP- MBA – Two Year Regular Post-graduate Programme in Management

• PGP- MBA – Analytics – Two Year Postgraduate in Business Analytics Management

• Executive MBA – Two Year Post-graduate Programme in Management for Senior Executives

• Executive MBA Analytics – Two-Year Post-graduate Programme in Business Analytics Management for Senior Executives

13. IIM Udaipur

IIM Udaipur holds global accreditations and has an innovative curriculum. It offers international exposure, and a strong entrepreneurial ecosystem to foster an enriching learning environment. It ranks 24th on NIRF and has taken its place among the top global B-schools by receiving accreditation from the AACSB. On top of that, it is featured in the prestigious Masters in Management (MIM) QS World University Rankings 2025. Some of the top degree management programmes offered by IIM Udaipur are as follows:

• PGP – MBA – Two Year Regular Post-graduate Programme in Management

• Executive MBA (for Working Professionals) – Two-Year Post-graduate Programme in Management for Working Professionals (Online)

• MBA- GCM – One Year MBA Programme in Global Supply Chain Management

• MBA – DEM – One Year MBA Programme in Digital Enterprise Management

14. IIM Amritsar

IIM Amritsar is one of the fastest-growing second-generation IIMs, known for its dynamic academic environment and innovative pedagogy. This institution is a good choice if you aspire to pursue a unique management degree tailored to current industry needs. It has collaborated with many leading global corporations to facilitate successful placements. It has diverse student programmes, international meet-ups, workshops, live projects, and internships. The following are the degree management programmes offered by IIM Amritsar:

• PGP – MBA – Two Year Post-graduate Programme in Management

• MBA – BA – Two-Year MBA Programme in Business Analytics

• MBA – HR – Two-Year MBA Programme in Human Resources

• Executive MBA – Two-year MBA program for Working Professionals (in Hybrid Mode)

15. IIM Bodh Gaya

IIM Bodh Gaya is a second-generation IIM popular for its global exposure and academic excellence. Ranking 33rd in the NIRF list, the university offers several unique student exchange programs and collaborates with top institutions worldwide. IIM Bodh Gaya graduates are recognised for achieving excellent placement outcomes across sectors, with 100% placements reported for the latest batches. Here are the top management programmes offered by the institution:

• PGP – MBA – Two Year Post-graduate Programme in Management

• MBA – DEM – Two-Year MBA Programme in Digital Business Management (Specialisation)

• MBA – HHM – Two Year MBA Programme in Hospital and Healthcare Management (Specialisation)

• IPM – Integrated Programme in Management

16. IIM Jammu

Established in 2016, IIM Jammu quickly became an academic hub for innovations, high-quality research, and executive education. It is also known for its strong corporate and international linkages. It holds the 42nd position in the NIRF Management Rankings 2024 and 32nd in the IIRF 2023 rankings. The institution has a team of outstanding faculty members and has gained recognition for academic rigor and innovative teaching methods. The different management programmes offered by IIM Jammu are as follows:

• PGP – MBA – Two Year Post-graduate Programme in Management

• MBA – HA&HM – Two-Year MBA Programme in Hospital Administration and Healthcare Management

• Executive MBA – Two-Year MBA Programme for Working Professionals (Blended Mode)

• Executive MBA – (CAM) – Two-Year MBA Programme for Senior Executives in Corporate Affairs and Management (Blended Mode)

• IPM (BBA + MBA) – 5-Year Programme in Integrated Management (offers both BBA and MBA degrees)

17. IIM Nagpur

Another new generation of IIMs on our list is IIM Nagpur. Its regular management programmes, executive programmes, immersion programmes, and student exchange programmes can help you inculcate your entrepreneurial ambitions. IIM Nagpur is a member of The Association to Advance Collegiate Schools of Business (AACSB). The different management programmes provided by IIM Nagpur are as follows:

• PGP – MBA – Two Year Post-graduate Programme in Management

• Executive MBA (at IIM Nagpur Campus) – Two-year Executive MBA Program for Working Professionals

• Executive MBA (at IIM Satellite Campus Pune) – Two-year Executive MBA Programme for Working Professionals

• Executive MBA (Hybrid Campus) – Two-year Executive MBA Program in hybrid mode for mid to senior-level executives.

18. IIM Sambalpur

IIM Sambalpur has made significant strides in academic excellence and industry collaborations. In terms of ranking, it climbed 8 positions up to secure the 50th position in the NIRF 2024 Management category. IIM Sambalpur offers 100% placement support with an impressive average CTC of INR 14,21,442 and placement opportunities from over 163 companies around the globe. Some of the notable management programmes offered by IIM Sambalpur are as follows:

• PGP – MBA – Two Year Post-graduate Programme in Management

• MBA in FINTECH Management – One-Year MBA Programme with Specialisation in FinTech (Blended Mode)

• Executive MBA – Two-Year Postgraduate Programme for Working/Self-Employed Professionals (Blended Mode)

• MBA for Working Professionals – 2+1 Year Degree Programme designed for innovative leaders, senior managers and entrepreneurs (offers option for Dual degree from international universities)

19. IIM Sirmaur

IIM Sirmaur is internationally accredited by bodies such as AACSB and EQUIS. It holds the 57th position in the NIRF 2024 Management category and actively participates in several government-led leadership initiatives, reinforcing its commitment to fostering future leaders. The top management degree programmes offered by IIM Sirmaur are as follows:

• PGP – MBA – Two Year Post-graduate Programme in Management

• MBA – Tourism – Two-Year MBA in Tourism Management

• MBA – TTHM – Two Year MBA Specialisation Programme in Tourism, Travel and Hospitality Management

• MBA – Family Business – Two-Year MBA Specialisation Programme

• PGPEX – LSM – Post Graduate Program for Executives in Leadership and Strategy Management

• EMBA – Two Year Postgraduate Weekend programme for mid/senior level executives (Hybrid Mode)

• EMBA (DT & A) – Executive MBA in Digital Transformation and Analytics (Hybrid Mode)

20. IIM Vishakapatnam

IIM Vishakapatnam is a pre-eminent business school that is known for leveraging best global practices and academic resources to address techno-managerial problems. The institution is currently placed 54th in the NIRF 2024 Management category and it also holds recognition in the QS World University Rankings. Furthermore, it is also a member of AACSB and Business Graduates Association. So, the top management degree programmes offered by IIM Vishakapatnam are as follows:

• PGP – MBA – Two Year Post-graduate Programme in Management

• PGPEX – Two Year Post Graduate Programme for Experienced Professionals

• PGPDGM – Post-graduate Programme in Digital Governance and Management

• EMBA – Executive Master of Business Administration

Also Read: India’s MBA Salary Breakdown for 2024: Freshers and Professionals

Takeaway

Pursuing an MBA from a world-class university has an overarching effect on individual career trajectories. Doing MBAs from IIMs ensures an impressive ROI thanks to global collaborations and their excellent placement records.

Generally, the tuition fees for these prestigious institutions typically range between INR 15 lakh to INR 25 lakh. And, the average package offered ranges between INR 25 lakh to INR 35 lakh. So, the IIM MBA ROI stands out by offering fast-track career growth, substantial salary increments, and long-term value.

So, are you ready to take the next step toward a transformative career? An MBA from IIM could be your gateway to success.