How Much Does an MBA from IIM Cost? Find Out Everything Here

An MBA from IIMs is highly esteemed for its leadership training, strong network, and international placements. Discover the top IIMs and their fees in this article.

Pursuing an MBA from a top institute can be a major boost to your career.

Source : Feepik

The Master of Business Administration (MBA) is a degree that primarily focuses on building leadership skills and understanding business principles. However, for students today, an MBA offers much more than just foundational knowledge. It provides a stronger professional network and opens doors to numerous job opportunities. Graduates of MBA programs gain an in-depth understanding of various management principles while also developing exceptional managerial skills that prepare them for administrative roles as their careers progress.

Pursuing an MBA from a reputed institute can be a significant stepping stone in advancing your career. An MBA from the Indian Institutes of Management (IIM) is particularly esteemed due to the opportunities it provides, including the chance for international placements. In this article we will know about top IIMs and their fees.

List Of Top 10 IIMs With Fees

Students can check the list of top 10 IIMs as per NIRF ranking 2023 with their fees below:

Rank	IIMs	Fees
1	Indian Institute of Management Ahmedabad	24.61 lakhs
2	Indian Institute of Management Bangalore	26 lakhs
3	Indian Institute of Management Kozhikode	22.5 lakhs
4	Indian Institute of Management Calcutta	31 lakhs
5	Indian Institute of Management Lucknow	20.75 lakhs
6	Indian Institute of Management Indore	21.14 lakhs
7	Indian Institute of Management Raipur	18 lakhs
8	Indian Institute of Management Rohtak	17.6 lakhs
9	Indian Institute of Management Udaipur	19 lakhs
10	Indian Institute of Management Kashipur	17.5 lakhs

IIM MBA fee includes tuition fees, accommodation, meals, and additional expenses. The fee structure also includes the cost of international immersion programmes. Other expenses which are covered in fees are course material charges, library access, dining charges, internet usage and miscellaneous expenses. 

How To Get An Education Loan For MBA?

Education Loans for MBA admission in India are available with almost all major banks. Some banks have even tie-ups with some of the institutes. These banks offer the students a special rate of interest which is normally lower than the market rate of interest. However, the students applying for the MBA educational loan must meet the MBA education loan eligibility criteria decided by the banks.

To secure an education loan, begin by researching and comparing various loan options to identify the bank that best meets your requirements. Once chosen, you can either fill out the application online or visit the bank in person.

A bank representative will guide you through the process, assisting with the application form. After submission, the bank will review your application and may request additional information or address any queries. Upon completing all necessary procedures, the bank will approve your loan. The final step involves signing a contract and completing the required paperwork to formalize the loan agreement.

For more details regarding the fee structure of IIMs, students are advised to visit their official websites.