IIM Ahmedabad has increased the fee for the academic year 2019-21. The updated fee will be applicable to candidates who will join the Post Graduate Programme (PGP) in June/ July. The overall academic fee has been hiked by 4.5% from the last year. In the previous session the fee was Rs 22 Lakh and now it has been Rs 23 Lakh for the new batch.
As reported in the national newspapers, IIM Ahmedabad director Errol D’Souza said that the fee has been hiked after the approval by Governing Council. All the prospects related to inflation, expenses etc were considered before taking the decision.
From the last four years, IIM-A has been increasing continuously by Rs 50, 000/- to Rs 1,00,000/-. In the year 2015-17, the fee was Rs 18.5 Lakhs. The revised fee structure may not have much impact on the MBA aspirants with the high placement opportunity and Return-on-Investment (ROI). Still, repayment of loans can bother aspirants in the long run. However, IIMA provides a scholarship to about 33% of students. This year, there has been no increase in the total number of seats.
Following this, other IIMs may also hike the fee for the academic year 2019-21. It may rise by 3%-4.5% from the previous year. The final decision will be communicated to the new batch before the starting of the session. Each IIM has a different fee and the board of respective IIM will finalize the fee structure. It ranges from 10-23 Lakh for the two-year post-graduate programme.
IIM Ahmedabad is a dream b-school of every MBA aspirant. Since 1961, it has been providing quality education and experience to the management students. According to QS Global 250 MBA Ranking 2018, it ranks #49 in the world. It offers postgraduate management programme like PGP, PGPX etc. For the next session of PGP, IIM accepts the Common Admission Test (CAT) 2019 scores.
This year, IIM Ahmedabad offered MBA degree for the first time to the batch of 2017-2019. A total of 398 students were offered a degree in PGP. As per the IIM CAT 2017, IIMs can now offer MBA degrees instead of the diplomas and fellowship. IIM Calcutta will also follow the same suit to offer an MBA degree in the upcoming convocation on 06 April. Last year, IIM Banglore was the first among the IIMs to offer an MBA degree.
There are a total of 20 IIMs naming Ahmedabad, Banglore, Calcutta, Lucknow, Kozhikode, Indore, Shillong, Rohtak, Ranchi, Raipur, Trichy, Kashipur, Nagpur, Udaipur, Amritsar, Sirmaur, Bodh Gaya, Sambalpur, Jammu, and Vishakapatnam.
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