Tuesday, April 09, 2013

IIM-Bangalore hikes fees for two-year course by 6% to Rs. 1.7 million

Indian Institute of Management, Bangalore (IIM-B) has increased its fees for batch of 2015 to Rs. 17 lakh (Rs. 1.7 million) from Rs. 1.5 million, a 6% increase per year. "It is linked to current inflation and consumer indices," said a statement from the premier management institute.

A management course in IIM-B is more expensive than one in IIM-Ahmedabad, which will charge its 2015 batch Rs. 1.66 million, say reports . The new fee for the two-year course will cover tuition, hostel accommodation, health insurance, course and reading material including cases and books, computing facilities, library and other academic and co-curricular expenditure, said the IIM-B statement.

Amongst the older IIMs, IIM Lucknow (IIM-L) said they are yet to take a call on the fee structure and will make an announcement next week. The institute has not increased its fees for the past two years and fees for 2012-2014 were at Rs. 1.25 million.

Source: The Economic Times (Online Edition), April 9, 2013

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