IIM Indore MBA Fees 2025 - Check Fees Structure for Online MBA, On-Campus MBA

A leader in itself when it comes to pushing boundaries, IIM Indore is in the mode of promoting continuous learning and fostering innovations within & beyond its confines. By providing high-quality world-class management education, it evolves by upgrading the curriculums and pedagogy from time to time so that each batch, in their respective programs, has a fresh set of modules to learn from, compared to their previous batches. This institute is known for producing professionals such as high-level managers of leadership, research professionals with a deep approach to research methods, academicians who inspire, etc who are transcending boundaries. 

There is a good assortment of MBA programs attracting diverse kinds of students from various professional backgrounds. The MBA programs provided at IIM Indore are the Post Graduate Programme in Management (PGP), Post Graduate Programme in Human Resource Management (PGP-HRM),  the Executive Post Graduate Programme in Management (EPGP), the Integrated Programme in Management (IPM), and Post Graduate Programme in Management for Executives in Mumbai (PGP-MX).

This page lists the fees of each of the MBA programs provided by IIM Indore that is put out to help the student make a choice based on the financial aspect of choosing a program.

IIM Indore Post Graduate Program in Management (PGP) Fees

The Post Graduate Programme in Management (PGP) provided by IIM Indore is a 2-year MBA program that deals with management & business-related areas meant to develop students into management professionals of high competency along with the emphasis on being socially conscious & contextually relevant in their managing methods & approach. The student also gets to learn how to develop & apply critical thinking skills in variable situations, work with teams, lead teams, carry out quantitative analysis skills, and be ethical in conduct. Blending theory and practice, the curriculum is meant for the student to adjust, adapt, and acquire in the dynamic global business environment.

The fee structure for the Indian students who got in through CAT -

Type of fee	Year 1 (INR)	Year 2 (INR)	Total (INR)
Course Fee	10 Lakhs	10 Lakhs	20 Lakhs
Alumni Fee	-	11.8K	11.8K
Medical Insurance Premium	679	679	1358
Caution Deposit	50K	-	50K
Mess Deposit	54K	-	54K
Ultimate Total Fees	11,04,679	10,12,479	21,17,158

NOTE:

• The Mediclaim Insurance Policy will be charged on the basis of actuals.
• The caution deposit will be charged at the completion of the course.
• The SAC collects Mess deposit and according to that the actual mess bill is adjusted
• The course fee covers the lectures, library, computer facilities, etc. The course fee doesn’t cover the cost of textbooks, hostel fees, insurance, etc.
• The alumni fee also includes 18% GST.

Total Fee Structure for Non-Resident Indians/ Foreign nationals-

Type of fee	Year 1 (INR)	Year 2 (INR)	Total (INR)
Course Fee	15 Lakhs	15 Lakhs	30 Lakhs
Alumni Fee	-	11.8K	11.8K
Medical Insurance Premium	679	679	1358
Caution Deposit	50K	-	50K
Mess Deposit	54K	-	54K
Grand Total	16,04,679	15,12,479	31,17,158

NOTE:

• The Mediclaim Insurance Policy will be charged on the basis of actuals.
• The caution deposit will be charged at the completion of the course.
• The SAC collects Mess deposit and according to that the actual mess bill is adjusted
• The course fee covers the lectures, library, computer facilities, etc. The course fee doesn’t cover the cost of textbooks, hostel fees, insurance, etc.
• The alumni fee also includes 18% GST.

Installments of  Resident Indian students -

Installment No.	Course Fee (INR)	Caution Deposit (INR)	Alumni Fee (INR)	Medical Insurance Premium (INR)	Mess Deposit (INR)
1	3.35 Lakhs	50K	-	679	18K
2	3.35 Lakhs	-	-	-	18K
3	3.30 Lakhs	-	-	-	18K
4	3.35 Lakhs	-	-	679	-
5	3.35 Lakhs	-	-	-	-
6	3.30 Lakhs	-	11.8K (10K +18% GST)	-	-

Installments of the NRI/ Foreign national students -

Installment No.	Course Fee (INR)	Caution Deposit (INR)	Alumni Fee (INR)	Medical Insurance Premium (INR)	Mess Deposit (INR)
1	5,02,500	50K	-	679	18K
2	5,02,500	-	-	-	18K
3	4,95,000	-	-	-	18K
4	5,02,500	-	-	679	-
5	5,02,500	-	-	-	-
6	4,95,000	-	11.8K(10K+18% GST)	-	-

IIM Indore Post Graduate Program in Human Resource Management (PGP-HRM) Fees

The Post Graduate Programme in Human Resource Management (PGP-HRM) is a 2-year residential MBA program by IIM Indore that specializes in Human Resource Management. The students opting for this program are mentored toward becoming management leaders who can integrate human resource and business issues that are dependent on the changes in behavioral science, analytics and organizational forms.

The program is designed to mould the student in such a way that they learn to use their ability to carry out critical thinking, learn to collaborate in teams, acquire the skill of ethical leadership, learn to build & shape human relations within an organization and build & grow competencies in human resource management & quantitative analysis. One of the major aspects of this program is that the student gets to understand the dynamics of human behavior in organizations that are driven by the rationalities of business. The philosophy and social theories that are applicable to human behavior in organizations are also taught to the students.

The fee structure of this program is given below-

Type of fee	Amount (INR)
Course Fee	17.25 Lakhs
Caution Deposit	50K
Medical Insurance Premium	1422
Alumni Fee	11,800 (includes 18% GST)
Mess Deposit	54K
Grand Total fees	18,42,222

Note:

• On the basis of actuals, Mediclaim insurance premium will be provided.
• After the completion of the course or withdrawal, the caution deposit will be refundable.

The installment breakdown of the fees is given below-

Installment No.	Course Fee (INR)	Medical Insurance Premium (INR)	Caution Deposit (INR)	Alumni Fee (INR)	Mess Deposit (INR)
1	2.75 Lakhs	711	50K	-	18K
2	2.75 Lakhs	-	-	-	18K
3	2.50 Lakhs	-	-	-	18K
4	3.15 Lakhs	711	-	-	-
5	3.05 Lakhs	-	-	-	-
6	3.05 Lakhs	-	-	11.8K	-

IIM Indore Executive Post Graduate Program in Management (EPGP) Fees

The Executive Post Graduate Programme in Management (EPGP) is a 1-year residential program by IIM Indore, for working executives, that covers management-related courses that are designed for building management professionals by enhancing the student's managerial capabilities and also equipping them with management knowledge & skills for managing teams and leading organizations towards the direction of scaling new heights in business. The student gets to build skills while exploring good management practices.

Also, the student is trained to adapt and handle the challenges created in an ever-changing corporate environment. Some of the big takeaways from this program are a well-planned curriculum that consists of modules that are created by consulting industry experts, academicians and faculty. Then there are international immersion programs that consist of modules where the student gets to expand the knowledge of a foreign business environment & culture, and then there is case-based learning. It also consists of introductory and preparatory modules that are conducted by Harvard Business School.

The following is the fee structure of the EPGP for domestic as well as foreign students-

Type of fee	Indian Nationals (INR)	Foreign Nationals (INR)
Program Fee	21,11,800	31,67,700
Commitment Fee	1,00,000	1,50,000

There is an option to pay the fees in a lump sum. The domestic student has to pay INR 21,11,800 in one installment and the foreign student has to pay INR 31,67,700 also in one installment. The other type of option is to pay the fees in multiple installments.

The installment breakdown of the fees of this option is given below-

Installment No.	Indian Nationals (INR) with a bank guarantee of 10 Lakhs	Foreign Nationals (INR) with a bank guarantee of 15 Lakhs
1	11,11,800	16,67,700
2	7,00,000	10,50,000
3	3,00,000	4,50,000

NOTE: The program fee of EPGP covers tuition, lodging & boarding, alumni membership fee, academic input (international), network/computer charges, course materials, and access to library facilities. For international travel, visa, passport, lodging & boarding (international), etc. the expenses will be borne by the student itself.

IIM Indore Integrated Program in Management Fees

The Integrated Programme in Management (IPM) is a 5-year program by IIM Indore that consists of the first three years covering foundation courses in social sciences and the remaining two years of management courses that will cover the modules of a standard MBA program. This program is built for those who aspire to lead and manage teams with the skills & knowledge developed during this program and become a catalyst of change while leading organizations. These budding leaders develope a good foundation in social science through this program and become socially conscious, contextually relevant, and empathetically aware. 

The fee structure and the installment breakdown for this program’s domestic students are given below-

Type of Fees	Amount (INR)
Course Fees	35 Lakhs
Medical Insurance Premium	3,395
Alumni fees	11,800 (includes GST)
Caution Deposit	1 Lakh
Mess Deposit	2.16 Lkhs
Grand Total Fees	38,31,195

Note: 

• Availing of the mess facilities is optional.
• The Mediclaim insurance premium will be based on the actuals.
• After the completion of the program, there is an option for the caution deposit to be refunded.

Installment No. (Term)	Course Fee (INR)	Mess Deposit (INR)	Medical Insurance Premium (INR)	Caution Deposit (INR)	Alumni Fee (INR)
1	1.7 Lakhs	18K	679	50K	-
2	1.65 Lakhs	18K	-	-	-
3	1.65 Lakhs	18K	-	-	-
4	1.7 Lakhs	18K	679	-	-
5	1.65 Lakhs	18K	-	-	-
6	1.65 Lakhs	18K	-	-	-
7	1.7 Lakhs	18K	679	-	-
8	1.65 Lakhs	18K	-	-	-
9	1.65 Lakhs	18K	-	-	-
10	3.35 Lakhs	18K	679	50K	-
11	3.35 Lakhs	18K	-	-	-
12	3.30 Lakhs	18K	-	-	-
13	3.35 Lakhs	-	679	-	-
14	3.35 Lakhs	-	-	-	-
15	3.30 Lakhs	-	-	-	11,800 (includes 18% GST)

For international students, the fee structure and installment breakdown of the fees are given below-

Type of Fees	Amount (INR)
Course Fee	52.5 Lakhs
Alumni Fee	11,800 (includes 18% GST)
Medical Insurance Premium	3,395
Caution Deposit	1 Lakh
Mess Deposit	2.16 Lakhs
Grand Total Fees	55,81,291

Note: 

• It is optional to avail of mess facilities.
• Based on actuals, Mediclaim Insurance Premium will be provided.
• After the completion of the program, the caution deposit will be refundable.

Installment No. (Term)	Course Fee (INR)	Caution Deposit (INR)	Medical Insurance Premium (INR)	Alumni Fee (INR)	Mess Deposit (INR)
1	2.5 Lakhs	50K	679	-	18K
2	2.5 Lakhs	-	-	-	18K
3	2.5 Lakhs	-	-	-	18K
4	2.5 Lakhs	-	679	-	18K
5	2.5 Lakhs	-	-	-	18K
6	2.5 Lakhs	-	-	-	18K
7	2.5 Lakhs	-	679	-	18K
8	2.5 Lakhs	-	-	-	18K
9	2.5 Lakhs	-	-	-	18K
10	5,02,500	50K	679	-	18K
11	5,02,500	-	-	-	18K
12	4.95 Lakhs	-	-	-	18K
13	5,02,500	-	679	-	-
14	5,02,500	-	-	-	-
15	4.95 Lakhs	-	-	11,800	-

IIM Indore Post Graduate Program in Management for Executives in Mumbai (PGP-MX) Fees

The Post Graduate Programme in Management for Working Executives (PGPMX) is an MBA program of two years duration that is meant to be designed to cater for the needs of working executives & entrepreneurs who want to upskill themselves by learning the relevant knowledge & skills to take high-level leadership roles where they become agents of change executing innovative solutions for complex challenges. This program is held in the IIM Indore satellite campus at Powai, Mumbai and the student gets to learn from the highly esteemed IIM Indore faculty and associated industry experts.

The programme fee for the PGP-MX is INR 17.6 Lakhs.

The following are the fee structure and installment breakdown of the fees- 

Type of Fee	Amount (INR)
Program Fee	17.6 Lakhs
Commitment Fee	1 Lakh
Alumni Fee	10K (GST applicable)

Installment No. (Term)	Amount (INR)
1	2.85 Lakhs
2	2.75 Lakhs
3	2.75 Lakhs
4	2.75 Lakhs
5	2.75 Lakhs
6	2.75 Lakhs

Comparison of Top Online MBA Courses with Updated Fees

With the advent of online MBA, many leading universities have positioned themselves around its popularity among MBA aspirants as providers of the high-in-demand new outlet of the MBA program. These universities have a faculty and curriculum on par with that of the institutes that have exponentially high fees. With MBA now at low prices, the accessibility has increased and this will lead to bridging the supply and demand for MBA professionals. 

Top Online MBA Universities In India	Fees (INR)
IIM Ahmedabad Online MBA	20 Lakhs
IIM Amritsar Online MBA	12 Lakhs
Manipal Online  MBA	1.75 Lakhs
DY Patil Online MBA	2 Lakhs
LPU Online MBA	1.44 Lakhs

IIM Indore Scholarships

(1) IIM Indore Need-Based Financial Assistance

• Financial assistance is provided to students in need.
• Students must be from the batch of PGP, PGP-HRM, and IPM.
• For students whose family income is less than INR 12 Lakhs.
• Undertaken by NBFA Committee.
• Two-step process for selecting the student based on the evaluation of the student's application and then the interaction of the student with a faculty to evaluate the genuineness of the student’s financial condition.
• Based on these two steps, awardees are selected, and depending on their needs, each selected student gets a percentage of fees as financial aid.
• This NBFA is applicable to students who belong to SC, ST, EWS, or the physically challenged category and who meet the previously mentioned conditions.

 (2) OPJEMS Scholarship

• Offered by O.P Jindal Group.
• Awarded to 1-2 students.
• Eligibility criteria: Must be in the top 20 of the first-year results. -Should be in second year.
• Selection: A written test and personal interview.

(3) Aditya Birla Group Scholarship

• Provided by Aditya Birla Group.
• 1-2 Recipients of the scholarship studying in first year, who are academically outstanding.
• Selection is carried out through interviews.
• To renew this scholarship in the second year, the students must be in the top 25 of the first year results

(4) IDFC First Bank MBA Scholarship

• Need-Based Scholarship.
• Supports the entire two-year MBA program of the awardee.

(5) Ministry of Social Justice and Empowerment - Central Sector Scholarship for SC Students

• Awarded to SC students.
• Considers the parental income of the previous year for awarding the scholarship.

(6) Ministry of Tribal Affairs - Central Sector Scholarship for ST Students

• Awarded to ST students.
• Consider the parental income of the previous year for awarding the scholarship.
• Covers the cost of IT equipment, lodging & boarding charges, books & stationery charges, other non-refundable charges, tuition fees, etc.

7) Ministry of Minority Affairs – Merit-cum-Means Scholarship for Minority students for Professional and Technical Courses 

• Merit-cum-means Scholarship
• For students belonging to minority communities enrolled in professional and technical courses.
• Provided by Ministry of Minority Affairs.

8) Department of Empowerment of Persons with Disabilities – Scholarships for Top Class Education for students with disabilities

• Eligibility Criteria: Student’s annual parental income and belonging to the category of Persons with Disabilities.
• Provided by the Department of Empowerment of Persons with Disabilities, Ministry of Social Justice and Empowerment, Government of India.

9) Scholarships provided by the Madhya Pradesh Higher Education Department

10) Rajarshi Shahu Maharaj Scholarship

• Provided by the Government of Maharashtra.
• For students belonging to the SC category and the state of Maharashtra.
• The student selected will be awarded full reimbursement of the fees.

11) Industry-based Scholarships

• A scholarship of INR 1.5 Lakhs is sponsored by the State Bank of India.
• A scholarship of INR 50K is sponsored by Eicher Motors.

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