After the increase of the course fee at IIM Ahmedabad, now newer Indian Institutes of Management (IIMs) are planning to increase their fee for PG courses.
As per the reports, IIM Bangalore, IIM Calcutta and IIM Indore is likely to increase the fee for PG courses. While, IIM Ahmedabad has announced the fee hike for 2015-17 batch with 11.44% for its postgraduate programme in management and PG food and agribusiness management.
Meanwhile, newer IIMs like IIM Rohtak, IIM Udaipur and IIM Trichy said that they will take a decision on fee hike in meeting with the board of governors.
The Director of IIM Trichy, Prafulla Agnohotri said, "We still have four months to go since the decision on fee revision is taken in the board meeting held in March. Each IIM has its cost structure, and the decision depends on that. IIM Trichy has an additional cost of travel due to its location. At this stage, we have not decided anything. There is a case for increasing the fee."
The Director of IIM Rohtak, P Rameshan said that the inflation rate has been increased by 30%, and faculty salaries have also increased. We will a proper decision on fee hike.
The Director of IIM Udaipur, Janat Shah said that, we will have meeting with the higher officials and decide on the fee hike in January 2015. Since from the inception, we have not increased the fee.
According to the sources, IIM Trichy charges Rs 11 lakh for two flagship programmes, IIM Rohtak charges Rs 9 lakhs and IIM Udaipur charges Rs 8 lakhs for 2014-16 batch.
The Director of IIM Indore, Rishikesha T Krishnan said, "Next year we are not increasing fee. There has to be a 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."
Currently, IIM Indore is charging Rs 13 lakhs for two year PG programme in Management for Indian students and Rs 19.5 lakhs for foreign students.
The Director of IIM Calcutta, Saibal Chattopadhyay said that the institute has no plan to increase the fees. The institute had already increased the fee in the past. [IIM Calcutta ranked best B-school in Asia]