Mar 26 2008
IIM-B hikes fees to Rs 4 lakh!
The Indian Institute of Management, Bangalore (IIM-B) has announced an increase in its fees from Rs 2.5 lakh to Rs 4 lakh for the year 2008-09. The decision was taken on Tuesday in the meeting of the Board presided by its chairman Mukesh D Ambani.
“We have decided to hike the fee from Rs 2.5 lakh to Rs 4 lakh for 2008-09,” IIM-B director, Pankaj Chandra said after the meeting.
Comparitive to other three IIMs, hike in Bangalore IIM is higher. Chandra said the increasing infrastructure as one of the reasons for the hike. The students who would be going into the second year (2009-10) will now have to pay Rs 5 lakh as fee.
IIM-B officials told that group discussions and personal interviews are already on for the selection process of the incoming batch. It will be completed on April 4 and the list will be displayed on April 11.
Meanwhile, for the first time in the history of IIM-B, the whole PGP (Post Graduate Program) batch, comprising 250 students, have contributed their caution deposit of Rs 9,000 each to “CLASS of 2008 Fund”. This fund will be used for infrastructure development of the college and will be contributed towards the social service organisation “IIMB-VIKASANA”.
Chandra also told that the scholarship amount is also increased from Rs 91 lakh to Rs 1.5 crore for the current session, however the criteria is not yet decided.
