IIM-Calcutta may hike fee to Rs 15 lakh KOLKATA: IIM-Calcutta is finally feeling the pinch of keeping tuition fee lowest among major IIMs. If the B-school authorities get approval from the board of governors, the fee is likely to be hiked from the next academic session. So students aspiring to get into the coveted institute may have to shell out more next year onwards. IIM-C, however, will still remain cheap if compared with its peers. While IIM-Ahmedabad charges Rs 18 lakh for a two-year MBA programme and IIM-Bangalore a lakh less, the same course will cost Rs 14.5-15 lakh at IIM-C even after the fee hike. It charges Rs 13.5 lakh for the course now, which was increased from Rs 9 lakh four years back. IIM-C, which has always tried to maintain a student-friendly image when it comes to tuition fees, has finally started debating the issue of an impending hike since its becoming exceedingly difficult to generate funds. Though the ministry of human resources development is the guardian body of the B-school, the latter does not get any financial assistance from it and organizes for funds from corporate projects that faculty members bring to the institute. To augment earnings, the faculty has also started teaching on the satellite mode.
Posted on: Tue, 22 Oct 2013 07:02:41 +0000
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