IIMs are amongst the most premium educational institutes of the nation. Getting into IIM is a highly coveted achievement for MBA aspirants. Irrespective of the high fees, candidates are highly desirous to secure admission at IIM. There are a total of 21 IIMs across India and each IIM has its own fee structure. IIM fees generally range between Rs 26 lakhs to Rs 13.2 lakhs. Amongst the IIMs, IIM Amritsar has the lowest fee. The fee for pursuing an MBA from IIM Amritsar is Rs 13.2 lakhs. Followed by IIM Amritsar, IIM Bodh Gaya and IIM Sirmaur are also listed amongst the IIMs that have the lowest fees.
Join this free whatsapp group to get the latest information about CAT exam along with the strategies by CAT experts
List of IIM with Low Fees
For aspirants who are planning to pursue MBA from prestigious institutes like IIMs, cost becomes an important consideration. One of the most frequently asked questions is which IIM has the lowest fee?. So among the 21 IIMs in India, IIM Amritsar currently provides the affordable fees structure for their two year MBA program. IIM Amritsar has a fee structure of INR 17.3 lakhs, IIM Sirmaur charges INR 17.5 lakhs and IIM Bodh Gaya has a fee structure of 17.96 lakhs.
These institutes have a strong academic foundation, modern infrastructure and great placement records. Their lower fee structure and competitive average placement packages makes them an excellent options for students. Here is the list provided below of the IIMs which are having low fee structure.
| Name of the IIM | IIM Fees |
| IIM Amritsar | INR 17,30,000 |
| IIM Sirmaur | INR 17,50,000 |
| IIM Bodhgaya | INR 17,96,000 |
IIM Amritsar – Set up by the Ministry of Education with the assistance of the Government of Punjab in 2015, IIM Amritsar is the 15th IIM established in India. It offers a total of 8 courses including an integrated MBA programme. IIM Amritsar is the IIM that has the lowest fees. The fee of IIM Amritsar is INR 17,30,000.
IIM Sirmaur – This centrally funded institution of national importance was established by the Government of India in the year 2105. Talking about the academic offering of IIM Sirmaur, 12 courses are offered at the various levels of study. The flagship programme of the institute – MBA is offered in specialisations such as Tourism Management and Tourism, Travel and Hospitality Management. IIM Sirmaur fees is Rs 14.45 Lakh.
IIM Bodhgaya – Established in 2015, IIM Bodhgaya is the 16th institute of the IIM fraternity. The institute offers a total of 8 academic programmes in various specialisation such as Marketing, Operations, Analytics, IT & Decision Sciences, Finance, Strategy, Public Policy and General Management and Human Resources. IIM Bodhgaya fees is INR 14.96 Lakh.
Details of IIM with low fees
All three low fee IIMs including IIM Amritsar, IIM Sirmaur and IIM Bodh Gaya were established in the year 2015 as a part of government expansion of management education in India. These institutes not only make management education affordable in India along with providing brand value of IIMs that makes them an ideal choice for students seeking for the quality education and value in one package.
| Name of the IIM | IIM Amritsar | IIM Sirmaur | IIM Bodhgaya |
| Establishment Year | 2015 | 2015 | 2015 |
| Fees | INR 17,30,000 | INR 17,50,000 | INR 17,96,000 |
| Number of courses offered | 8 | 12 | 5 |
| Average Placement Package | INR 16.51 Lakh | Rs 14.45 Lakh | INR 14.96 Lakh |
Low Fee IIM – IIM Amritsar Fees
| Component | 1st Year Fees | 2nd Year Fees |
| Tuition Fee | INR 6,25,000 | INR 6,25,000 |
| Academic Support | INR 1,85,000 | INR 1,85,000 |
| Hostel & Electricity | INR 40,000 | INR 40,000 |
| Student Activities & Health | INR 15,000 | INR 15,000 |
| Total (Year Wise) | INR 8,65,000 | INR 8,65,000 |
| Grand Total | INR 17,30,000 (for 2 Years) | |
IIM Sirmaur Fees
| Term | Admission Fee | Tuition fee | Hostel Charges | Alumni Membership Fee | Mediclaim | Total |
| Term -I | 60000 | 240000 | 40000 | 3000 | 2000 | 345000 |
| Term -II | 0 | 240000 | 40000 | 0 | 0 | 280000 |
| Term -III | 0 | 240000 | 40000 | 0 | 0 | 280000 |
| Total Fee (A) | 905000 | |||||
| YEAR – II | ||||||
| Term -IV | 0 | 240000 | 40000 | 3000 | 2000 | 285000 |
| Term -V | 0 | 240000 | 40000 | 0 | 0 | 280000 |
| Term -VI | 0 | 240000 | 40000 | 0 | 0 | 280000 |
| Total Fee (B) | 845000 | |||||
| Total (A+B) | INR 1750000 | |||||
IIM With Lowest Fee Structure – IIM Bodh Gaya Fees
| Components | Term I | Term II | Term III | Term IV | Term V | Term VI |
| Tuition Fee | 160000 | 160000 | 160000 | 160000 | 160000 | 160000 |
| Hostel Rent | 41000 | 41000 | 41000 | 41000 | 41000 | 41000 |
| Academic Charges | 80000 | 80000 | 80000 | 80000 | 80000 | 80000 |
| Admission Fee | 15000 | – | – | – | – | – |
| Annual Registration Fee | 6000 | – | – | 6000 | – | – |
| Student Activity Fee | – | 5000 | 5000 | 5000 | 5000 | – |
| Career Development Fee | 8000 | 8000 | 8000 | 8000 | 8000 | 8000 |
| Alumni Activity Fee | – | – | – | – | – | 5000 |
| Convocation Fee | – | – | – | – | – | 10000 |
| Term-wise Total | 310000 | 294000 | 294000 | 300000 | 294000 | 304000 |
| Year-wise Total | 8,98,000 | 8,98,000 | ||||
| Course Total | INR 17,96,000 | |||||
Components of IIM Fees Structure
The fee structure of an IIM is a combination of several components that includes tuition fees, library fees, hostel fees, academic charges, etc. Listed below are the components of the IIM fee structure:
- Tuition Fee
- Annual Registration Fee
- Admission Fee
- Student Activity Fee
- Convocation Fee
- Alumni Activity Fee
- Miscellaneous
Join the Largest CAT Preparation Community in India
Why IIM fees is so high?
IIMs are not fully funded by the government and function autonomously leading to a high fees structure. There are various factors that contribute to the substantial cost of IIMs for providing world class education.
If you are targeting a 99+%ile in CAT 2025, iQuanta has got you covered. Get highly relevant content along and prepare right from the very basics with iQuanta’s CAT Course. iQuanta has made a record with 500+ 99 percentilers in CAT 2024.
Enroll for iQuanta CAT Course
FAQs
Are scholarships or financial-aid available at low fee IIMs?
Yes, most IIMs including Bodh Gaya, Sirmaur and Amritsar offer need-based scholarships, financial-aid based on your academic performance.
Do low-fee IIMs offer good placements?
Yes even after a low fees structure IIMs like Sirmaur, Amritsar and Bodh Gaya provides stronger placement support. As per the reports IIM Amritsar reported average placement as 16.51 LPA.
Which IIM has the lowest fee for MBA program?
IIM Amritsar has the lowest fee for the MBA program.
Why IIM fees structure is high as compared to other colleges?
IIMs operate with the partial government funding and also having world class infrastructure, faculties, international collaborations, and global accreditations.
