With the recent hikes in admission fees, management education at India’s top B-Schools is set to become much more expensive.

In the last few weeks, all six Indian Institute of Management (IIMs) have decided to raise the fees for their Post Graduate Programme (PGP), albeit with varying degrees. Other B-schools of repute too are increasing their fees. MBAUniverse.com presents a review of the new fees scenario.

From the table below, one can make out that IIM-A’s PGP programme is the most expensive amongst the IIMs, while IIM-L is the most affordable of the IIMs. IIM-A has affected the steeped fee hike of over 100%, while IIM-L has increase the fee by a modest 25%. Other IIMs have increased fees by 50% to 80%.

The Indian Institute of Management Bangalore on Tuesday decided to increase the fee for its two-year post-graduate management programmes from Rs 1.75 lakh per annum to Rs two lakh for the coming academic year.

The IIM-B’s Board of Governors at a meeting, chaired by Reliance Industries Chairman and Managing Director Mukesh Ambani, approved the proposal.

IIM-B Director Prof Prakash G Apte told reporters later that all IIMs in the country would have an identical fee structure.

Apte said as per the 27 per cent OBC reservation, the intake quota in this context in the coming academic year at IIM-B is seven per cent. IIM-B is also increasing the student intake by 30 this year, he added.

Asked about the rationale behind the fee hike, he said “Cost per student (annually) is Rs four lakh. Target of recovering 50 per cent is not the…” Apte stressed that no student who gained admission to IIM-B would be turned away because of the candidate’s lack of financial resources.

“No student who has been admitted to IIM-B will have to go away because of lack of financial resources,” Apte reiterated. (Those whose)…financial circumstances are not good, we will make sure that we give student freeships… substantial aid or whatever. Lack of financial resources will never be a constraint.”

Meanwhile, in a bid to attract and retain teaching faculty, IIMB Board approved proposals on enhancing their salaries.

“We will start implementing them immediately,” Apte said.

Henceforth, teaching faculty taking up consultancy projects are not required to share income generated from such works with IIM-B up to the amount of Rs six lakh. Above that figure, income from such works would be shared between the faculty and the institute on a 50:50 basis.

Prior to this, the teaching faculty were required to part with 40 per cent of the income from this source with the institute irrespective of the amount they received, while keeping the remaining 60 per cent with them.

In addition, teaching faculty taking classes as part of executive programmes would get better pay, as also for working beyond required teaching hours, Apte added.

IIM-B has dropped plans to have an additional campus close to its existing one in Bangalore, Apte said, adding that expansion would now take place within the campus.

He also said the government has approved certain proposals on taking up expansion activities at IIM-B, which would now take them up as soon as the funds are released.

Apte also said process of starting programmes in Singapore is more or less complete, and the initiative is on track.

The Indian Institute of Management, Ahmedabad (IIM-A) on Saturday decided not to increase the fee for the next academic year.

“The IIM-A Board of Governors decided not to increase the charge of the Post-Graduate Management Program for the next academic year, director of the Institute Bakul Dholakia told reporters.

“The fees for the coming years remain the same as the current year, which is the same as in 2003-04. The amount is Rs 1.58350 ($ 3600),” Dholakia said.

There has been speculation in the media, that most famous of six IIMS hike in the country, the fee for the next academic year, as some other IIMS had recently done.

“We have no locus standi to other IIMS,” said the chairman of the Board of Governors NR Narayana Murthy.

Dholakia, but added: “The IIM Kozhikode, for example, has been investigating Rs 1.00000, there is room for streamlining.

He said that the Institute had RS budget of 10 million need for its scholarship program, so that the IIM-A has been training for all components of society.

Murthy, who is also head of information technology giant Infosys mentor, …

BANGALORE: After resisting a fee hike this year, Indian Institute of Management-Bangalore (IIM-B) has decided to implement from 2006 a 10 per cent increase in fee for the post-graduate programme in management.

IIM-B is first among the Big Three IIMs to go in for a fee hike. From the current Rs 1.5 lakh a year, the two-year PGP would come with a fee tag of Rs 1.65 lakh per annum. The decision was conveyed by IIM-B director Prakash G Apte during the Board of Governors’ meeting last month, the last chaired by outgoing chairman S M Datta.

The hike, he told members, is to bridge the deficit since the programme is subsidised and more seats are being added.

This year, only IIM Indore, Kozhikode and Lucknow increased the fee for PGPM marginally,while IIMs at Ahmedabad, Bangalore and Kolkata agreed to retain last year’s fee structure. All IIM directors have agreed to move towards a uniform fee structure as desired by the HRD ministry.

Though the Board suggested that IIM-B enhance its image by having an international faculty and students, the director advised caution. “Offering admission to foreign students in a liberal manner is not desirable as it will mean compromising with the rigour and quality of the programme.”

After IIM-A, IIM-B is set to launch an executive MBA programme. A faculty committee has been constituted to work out the plan, and also look at possible collaboration with leading foreign universities.

Ahmedabad (PTI): The IIM review committee arrived at the Indian Institute of Management here on Friday to discuss various issues, including the fee structure.

The five-member review committee that arrived here this morning held a meeting with IIM-A director Sameer Barua and other senior faculty members of the institute.

“Our terms of reference include 11 aspects. We are here to review all these aspects including fee structure,” Committee’s Chairman, R C Bhargava, said.

“We have visited Bangalore IIM and are going to visit other IIMs also before submitting our report to the Ministry,” he said.

When asked whether the committee’s recommendation to hold back the fee hike was being implemented, Bhargava said, it was for the IIMs to implement it.

The review committee, in its interim report submitted on April 4, had asked the Central Government to ask all the IIMs to defer any increase in fee, till it submits the final report.

The committee is also likely to meet some members of the IIM-A Board of Governors later in the day.