Getting admission into one of the globally reputed Indian Institutes of Management (IIM) flagships comes with an expectation of a handsome fee structure. On top of that, financial budget considerations make choosing the right course and institute that yields maximum return on investment all the more overwhelming. This article, however, has been curated to help students who are aiming for IIMs’ Integrated Program in Management (IPM) inform themselves better and make decisions accordingly.
For the uninitiated, the Integrated Program in Management (IPM) is a five-year-long fully residential program taught at various IIMs. The course has been designed with the aim of developing all-round professionals and is offered at IIM Amritsar, IIM Bodh Gaya, IIM Indore, IIM Jammu, IIM Ranchi, IIM Rohtak, and IIM Shillong. IPM is essentially a dual degree that combines a Bachelor's degree (BBA) (except IIM Amritsar, which offers BSQFE, and IIM Indore, which offers BA) and a Master's degree (MBA). All IIMs that offer IPM are known for creating a modern curriculum that gives students a well-rounded education, combining tough academic work with deeper thinking.
Individuals with countless dreams and the passion to achieve them in no time can benefit from this course, as IPM eliminates the potential stress of appearing in the Common Admission Test (CAT), one of India’s most competitive entrance exams, with a very low selection rate. Further, it is important to note that all IIMs do not have similar admission processes. For instance, their Entrance Examination and/or conducting body is different. IIM Indore, IIM Amritsar, IIM Ranchi, and IIM Shillong accept IPMAT Indore. IIM Rohtak conducts its own IPMAT. Lastly, IIM Bodh Gaya and IIM Jammu accept JIPMAT, which is conducted by the National Testing Agency (NTA).
In this article, Hitbullseye aims to educate students on the different IPM fees, helping students make calculations based on the information available. Additionally, though financial relief and scholarships are subject to frequent revision, we aim to provide available information so that the student can make an informed decision.
What is the IPM Fee Structure Across Various IIMs?
All the Indian Institutes of Management (IIMs) that offer IPM Program have a similar idea of fee structure division. Since the programme is a curation of two degrees, namely a Bachelor’s and a Mater’s, the fee division is also two dimensional.
This means that the student has to pay the Undergraduate (UG) Course fee for the first three years of their programme, which is usually defined by the respective IIM. After completing this academic tenure, the student can choose to leave the programme and graduate with a Bachelor’s degree. However, if the student wishes to continue the IPM Programme, they will be expected to pay the academic year four and five fee according to the respective IIM’s Post-Graduate (PG) Programme fee structure. This amount is usually in accordance with the Master of Business Administration (MBA) Fee Structure and is defined later in the course tenure.
What is the IIM Amritsar IPM Fee?
IIM Amritsar’s IPM Programme fee structure has been designed to match the contemporary infrastructure, education and other cutting-edge but necessary resources. Please note that the above-mentioned fee structure is for IPM batch 2026-2031. For the more accurate and updated fee details, candidates must refer directly to the official IIM Amritsar official website.
|
Annual Year - I
|
Annual Year - II
|
Annual Year - III
|
|
Semester
|
Amount
|
Semester
|
Amount
|
Semester
|
Amount
|
|
I
|
3,77,500 INR
|
III
|
3,27,500 INR
|
V
|
3,27,500 INR
|
|
II
|
2,47,500 INR
|
IV
|
2,47,500 INR
|
VI
|
2,47,500 INR
|
|
Total
|
6,25,000 INR
|
Total
|
5,75,000 INR
|
Total
|
5,75,000 INR
|
|
|
IIM IPM Total Fees: 1,775,000 INR
|
What is the IIM Bodh Gaya IPM Fee?
IIM Bodh Gaya’s IPM Programme fee is quite competitive in nature, as the structure includes Hostel Rent, Tuition Fee, Academic Charges, Annual Registration Fee (at the beginning of each academic year), and Student Acitvity Fee. The structure (as defined below) excludes Caution, Mess, and Laundry Deposit:
|
Annual Year - I
|
Annual Year - II
|
Annual Year - III
|
|
Semester
|
Amount
|
Semester
|
Amount
|
Semester
|
Amount
|
|
I
|
2,40,000 INR
|
III
|
2,40,000 INR
|
V
|
2,40,000 INR
|
|
II
|
2,35,000 INR
|
IV
|
2,35,000 INR
|
VI
|
2,35,000 INR
|
|
Total
|
4,75,000 INR
|
Total
|
4,75,000 INR
|
Total
|
4,75,000 INR
|
|
|
IIM IPM Total Fees: 1,425,000 INR
|
What is the IIM Indore IPM Fee?
The IIM Indore IPM Fee Structure is quite simple and uniform for the first three academic years and includes only the course fee and mess deposit. Additionally, the student will be expected to pay 50,000 INR as Refundable Caution Deposit. For a more detailed overview of IIM Indore’s IPM fee structure, refer to the table below:
|
Sr. No.
|
Head
|
AY-I
|
AY-II
|
AY-III
|
|
1
|
Course Fee
|
6,00,000 INR
|
6,00,000 INR
|
6,00,000 INR
|
|
2
|
Refundable Caution Deposit
|
50,000 INR
|
—
|
—
|
|
3
|
Mess Deposit
|
54,000 INR
|
54,000 INR
|
54,000 INR
|
|
|
Total per Installment
|
7,04,000 INR
|
6,54,000 INR
|
6,54,000 INR
|
|
|
IIM IPM Total Fees
|
2,012,000 INR
|
What is the IIM Jammu IPM Fee?
IIM Jammu’s IPM Programme fee structure includes Tuition Fee and other Academic and Non-Academic Charges. The latter is meant to include Academic support, Library fees, Hostel fees, IT Infrastructure, Student welfare, Alumni fees, Health Insurance etc. The structure (as defined below) excludes the one-time refundable caution money of 50,000 INR that is expected at the beginning of Academic Year One:
|
Annual Year - I
|
Annual Year - II
|
Annual Year - III
|
|
Semester
|
Amount
|
Semester
|
Amount
|
Semester
|
Amount
|
|
I
|
3,38,712 INR
|
III
|
3,38,712 INR
|
V
|
3,44,712 INR
|
|
II
|
3,38,712 INR
|
IV
|
3,38,712 INR
|
VI
|
3,38,712 INR
|
|
Total
|
6,77,424 INR
|
Total
|
6,77,424 INR
|
Total
|
6,83,424 INR
|
|
|
IIM IPM Total Fees: 2,038,272 INR
|
What is the IIM Ranchi IPM Fee?
The IIM Ranchi IPM Fee Structure is quite simple and uniform for the first three academic years. However, the first semester is slightly pricer than the rest as it includes Caution Deposit, Alumni Fee, and Student Acitivity Fee. Additionally, the student is required to pay 110,000 INR Acceptance Fee at the time of admission. For a more detailed overview of IIM Ranchi’s IPM fee structure, refer to the table below:
|
Annual Year - I
|
Annual Year - II
|
Annual Year - III
|
|
Semester
|
Amount
|
Semester
|
Amount
|
Semester
|
Amount
|
|
I
|
1,25,000 INR
|
III
|
1,90,000 INR
|
V
|
1,90,000 INR
|
|
II
|
1,90,000 INR
|
IV
|
1,90,000 INR
|
VI
|
1,90,000 INR
|
|
Total
|
3,15,000 INR
|
Total
|
3,80,000 INR
|
Total
|
3,80,000 INR
|
|
|
IIM IPM Total Fees: 1,075,000 INR
|
What is the IIM Rohtak IPM Fee?
IIM Rohtak IPM Fee mentioned below is inclusive of Tuition Fee only, which is quite uniform for the first three Academic Years. However, it is important to note that the student will be expected to pay the Security Fee, Mess Caution Deposit, Study Material Fee, Alumni Fee, Utility Fee, and Development Fee separately.
|
AY-I
|
AY-II
|
AY-III
|
|
6,22,045 INR
|
6,22,045 INR
|
6,22,045 INR
|
|
IIM IPM Total Fees: 1,866,135 INR
|
What is the IIM Shillong IPM Fee?
IIM Shillong IPM Fee mentioned below is inclusive of Tuition Fee and Non-Academic Expenses that are quite uniform for the first three Academic Years. However, it is important to note that the student will be expected to pay Alumni fees of 10,000 INR and Caution Deposit (Refundable) of 20,000 INR. Additionally, the Non-Academic expenses include Hostel fees, IT Infrastructure, Student welfare, and Health Insurance only, which means that the student will be required to pay Mess Charges separately.
|
Sr. No.
|
Head
|
IPM - I
|
IPM - II
|
IPM - III
|
|
1
|
Tuition Fee
|
3,05,000 INR
|
3,05,000 INR
|
3,05,000 INR
|
|
2
|
Non-Academic Expenses
|
76,000 INR
|
76,000 INR
|
76,000 INR
|
|
3
|
Caution Deposit (Refundable)
|
20,000 INR
|
-
|
-
|
|
|
Total per Installment
|
4,01,000 INR
|
3,81,000 INR
|
3,81,000 INR
|
|
|
IIM IPM Total Fees
|
1,163,000 INR
|
IIM IPM Fees: A Comparative Fee Table
As mentioned above, the fee structure for all programs is quite uniform for the entire duration. For students who do not want to burn a hole in their pockets, IIM Jammu and IIM Bodh Gaya are some of the Cheapest IIMs for IPM but are equally reputed in the education and professional industry network.
Please note that the below-mentioned fee range is only for the reader to get an idea. For more accurate and updated fee details, candidates must refer directly to the respective IIM’s official website. Additionally, the exact fee estimate for each student is dependent on the length of the programme they wish to pursue it for. For more details, refer to the table below:
|
IIM Name
|
Fee Range**
|
|
IIM Amritsar
|
17-25 Lakhs INR
|
|
IIM Bodh Gaya
|
6-10 Lakhs INR
|
|
IIM Indore
|
7-10 Lakhs INR
|
|
IIM Jammu
|
22-25 Lakhs INR
|
|
IIM Ranchi
|
17-22 Lakhs INR
|
|
IIM Rohtak
|
20-25 Lakhs INR
|
|
IIM Shillong
|
12-20 Lakhs INR
|
**Please note that the above-mentioned fee range is only for the reader to get an idea. For more accurate and updated fee details, candidates must refer directly to the respective IIM’s official website.
Are There Any Scholarships Available at IIMs’ IPM?
Most Indian Institutes of Management provide financial aid for those who have the caliber but are short on funds. Whether it is a need-based scholarship, merit scholarship or education loan, all IIMs have some or the other kind of provision to help students excel in their ambitions. The following pointers will help the reader understand better:
- IIM Indore and IIM Bodh Gaya offer Need-Based Financial Assistance (NBFA) for IPM students. Enrolled students who have an annual family income of 12,00,000 INR or more are eligible to apply for this aid. After the application is submitted, the assigned board evaluates it based on the financial need and the student's caliber. If approved, the aid ranges to cover tuition fees according to the available budget and student’s needs. Further, in some cases, disciplinary records are also considered, rewarding students with Merit based rewards based on academic performance
- IIM Rohtak holds a Merit Scholarship for IPM students who have been performing well academically. IIM Rohtak grants a monetary reward of 10,000 INR per month in the second academic year and 15,000 INR per month in the third academic year to students in need.
- IIM Ranchi provides 25 prestigious Merit-cum-Means Scholarships of upto 1 Cr. INR annually. However, it is important to note that this aid is available across MBA, MBA-HR, MBA-BA, and IPM programs. This financial aid is for students who are either struggling to make ends meet or are from reserved categories.
- Information for other IIMs is not publicly available at this point in time. For more accurate details, please refer to the official website of the respective IIM.
Want To Know More About UG Courses Offered In Other IIMs?
It is smart to stay ahead of the professional education race by choosing a cutting-edge UG course and taking admission in a globally reputed institute like one from the chain of Indian Institute of Management (IIM). Top IIMs like IIM Indore, Rohtak and Ranchi are known to educate students in their Integrated Programme in Management (IPM), whereas, IIM Kozhikode has been successfully educating students who have a passion for Management Studies.
Thus, if you are interested in knowing more about various UG Courses Offered by IIM Indore, Bangalore, IIM Jammu, IIM Amritsar, IIM Bodh Gaya and other reputed IIMs, click on the link below:
Frequently Asked Questions (FAQs)
- Which is the Cheapest IIM for the IPM Programme?
A: IIM Jammu and IIM Bodh Gaya are some of the Cheapest IIMs for IPM but are equally reputed in the education and professional industry network.
- How do I choose the right IIM for the IPM Programme?
A: Choosing the right IPM Programme depends on various factors like academic structure, subjects and courses taught, location, entrance exam and merit score caliber, among other important details. First it is important to find the factor that is most crucial for you, then proceed to research and find an IIM that aligns with your ambitions.
- Are IPM fees the same for all IIMs?
A: No. The IPM fee varies across all IIMs. The IIM IPM fee structure depends on quality of infrastructure, educational needs, and other important factors.
- Do I need to pay the full fee in one go?
A: No. You can pay the fee before every semester and/or term. For accurate details, please refer to the financial structure and policy of the respective website.
- Can I get an education loan for IIM IPM?
A: Yes, there are education loans and financial aids available for almost all IIMs’ IPM Programme. For accurate details, please refer to the financial structure and policy of the respective website.
- What is the fee for IIM Rohtak’s UG Courses?
A: Approximately 6.22 Lakh INR per year for the first three years in both IPM and IPL. The IPL fee increases slightly for AY 4 and 5 in accordance with the MBA fee structure.
- Is there an exit option in the IPM Programme across all IIMs?
A: Yes, the student can choose to exit the IPM programme after the end of three academic years. By doing this however, the student will be required to leave with a Bachelors degree only.
- Where can I find the latest fee structure?
A: For accurate details, please refer to the financial structure and policy of the respective website. You can either view this information online or download a brochure to refer to later as well.
- Which entrance exam is accepted by IIM Shillong for their IPM Course?
A: Candidates are required to appear for the Integrated Programme of Management Aptitude Test (IPMAT) conducted by IIM Indore for further shortlisting.
- Which entrance exam is required for IPM at IIM Jammu and IIM Bodh Gaya?
A: For IIM Jammu and IIM Bodh Gaya’s IPM, Joint Integrated Programme in Management Admission Test (JIPMAT) is required. The entrance exam is conducted by the National Testing Agency.
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