IIM-B raises fee of Post-Graduate Programme to Rs 15 lakh

Get ready to shell out more for that coveted seat in the Indian Institute of Management-Bangalore. The institute has increased the fee for the Post-Graduate Programme in Management (PGP) from Rs 13 lakh to Rs 15 lakh for two years.

The increase will be with effect for the 2012-14 batch. This will include tuition, library and internet fees, case permission royalty, besides the cost of course material, hostel room, service charge, medical insurance, personal accident insurance. The intake will continue to be 375.

The last fee increase was effected two years ago. The increase then was Rs 1.5 lakh. The latest hike brings IIM-B fee close to that at IIM-Ahmedabad, which has increased its fee to 15.5 lakh for the coming batch from the existing Rs 14.45 lakh. These institutes, rated among the best B-schools in the country, will continue to be the costliest IIMs to study in.