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Hike In IIM Fee Has Gone For Thrice Within 5 Years

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IIM Fee Hike Gone For Thrice In 5 Years
The fee structure of IIM's – Indian Institutes Of Management have been increased thrice in a time being of just 5 years. As per the records, IIM-A, IIM-B, IIM-C have increased their fee structure from 5 lakh or less in 2009 to Rs 13.5-15.5 lakh for the batch of 2012-14. The upcoming batch for the year 2012-14 sessions will be facing a hike of 7% at IIM-A and a hike of 15% at IIM-B. Other Management institutes such as XIM-B and IIFT have also increased their fee structure by 15-16%.

IIM's have increased their intake capacity by 54% after receiving directions from MHRD in 2008 to reserve 27% seats for OBC (Other backward caste) students. Sources from IIM-Bangalore reveal that due to the implementation of reservation quota, the cost of infrastructure has increased as the number of students is increasing and this has led to a fee hike.

New facilities to rise up in IIM's : IIM-B Sources said that the institute will establish new facilities and employ better resources to increase the academic quality. In past 3 years, the IIM's have increased their number of seats by 54% in different ways such as IIM-A increased its intake capacity from 250 to 385 over last 3 years.

Some business schools have implemented fee reserved schemes for economically weak students. For instance, IIM-A reserved a part of fee for 25% of its students for the batch of 2013 and at IIM-C, about 22% students were granted fee reserved. In turn this increases the fee for those students who can pay.

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