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IIFT IPM Fee Structure
September 11, 2024
Overview: Are you looking forward to being admitted into IIFT for their IPM program? Here, we will cover everything from fee structure to other expenses, scholarships, and education loans for IIFT IPM.
The Indian Institute of Foreign Trade (IIFT) is renowned for its excellence in management education and international business. The Integrated Program in Management (IPM) offered by IIFT is a unique 5-year program that combines undergraduate and postgraduate studies.
In this article, we will cover the Fee structure of the IPM program. We will also discuss other expenses, such as the return on investment, scholarships, and education loans for the IIFT IPM.
IIFT IPM Fee Structure 2025
To understand the financial commitment of pursuing the IPM program at IIFT, let's look at the fee structure for 2025. The table below provides an overview of the fees for each academic year:
| Year | Tuition Fee |
| Year 1 | Rs. 4,00,000 |
| Year 2 | Rs. 4,00,000 |
| Year 3 | Rs. 4,00,000 |
IIFT MBA Fees Structure 2025
Course fee for the fourth and fifth years would be as per prevailing MBA in International Business Programme fees. Other charges would be extra.
| Campus | Total Fee* of MBA(IB) 2023-25 Programme |
| Kakinada | Rs. 17,16,506/- |
The total tuition fee is around Rs. 29,16,506 for the Kakinada campus for five years.
*The MBA fee (years 4 & 5) covers the hostel charges, while the Year 1-3 hostel and mess charges will be intimated while sending out the offer letters.
The students of SC, ST, and PWD categories are given a 50% concession in tuition fees only for the MBA fees (Years 4&5).
Note: The fees are subject to change per new IPM or MBA notification before the admissions.
IIFT IPM Other Expenses
In addition to tuition and hostel fees, students should consider other expenses associated with the IPM program. The prospectus states the following figures for other expenses:
| Particular | Amount |
| Refundable Security Deposit | Rs. 10,000 |
| Mess Charges | Intimated later |
Other than these, fees for the Student Activity Council and Alumni Committee may be charged. (The MBA fees specified above cover these expenses, but IPM students may be required to pay during the IPM tenure only).
IIFT IPM Scholarships 2025
The Indian Institute of Foreign Trade (IIFT) provides financial assistance through its comprehensive scholarship program, aimed at supporting meritorious and economically disadvantaged students enrolled in its Integrated Programme in Management (IPM). Here's a brief overview:
1. New Scholarship Scheme (NSS)
The NSS is designed to promote access to quality education for students who demonstrate academic excellence but may be restricted by financial limitations.
Features of the New Scholarship Scheme
| Feature | Description |
|---|---|
| Coverage | 20% tuition fee reduction |
| Eligible Students | 10% of admitted students |
| Income Ceiling | Rs. 8 lakh per annum (subject to revision) |
Application Details:
- Procedure: Detailed application guidelines are available on the IIFT official website. Students must complete their program successfully to avail of the scholarship benefits.
- Documentation: Proof of income and academic records are necessary to process the application.
2. Government Scholarships
IIFT also facilitates access to various government-funded scholarships, which can be explored through the National Scholarship Portal.
- Central Sector Scholarship of Top Class Education: Offered by the Ministry of Social Justice & Empowerment, Government of India, to the SC students based on their annual parental income.
- Central Sector Scholarship for Higher Education: Offered by the Ministry of Tribal Affairs, Government of India, to the ST students based on their annual parental income.
- Merit-cum-Means based Scholarship: Offered by the Ministry of Minority Affairs, Government of India, to the students belonging to minority communities based on their annual parental income.
- Top Class Education scholarship for students with benchmark disabilities: Offered by Department of Empowerment of Persons with Disabilities, Government of India to the students with benchmark disabilities.
- Central Sector Scholarship Scheme of Top Class Education in College: Offered by the Ministry of Social Justice & Empowerment, Government of India, to the OBC and other students based on their annual parental income.
Access and Application:
- Portal: National Scholarship Portal (scholarships.gov.in)
- Process: Students can apply directly via the portal, where they can find comprehensive details about each scholarship, including eligibility, application process, and deadlines.
These scholarships ensure financial barriers do not prevent eligible students from pursuing education at IIFT, promoting both inclusivity and academic excellence.
Note: The Institute retains the right to add or delete any scholarship scheme or change the existing clause(s) as and when required
IIFT IPM Education Loan 2025
You can also avail the education loan to pay your fees for the IPM at IIFT. Many government and private banks offer education loans at very low interest rates to the IIFT admits.
SBI Scholar Loan
Scholar Loan by SBI is an education loan scheme specifically for pursuing higher education in select premier institutions in the country.
IIFT, Kakinada, is one of these select premiere institutes, and under this scheme, any student admitted can take advantage of a collateral-free loan of up to Rs. 30 Lacs.
Features of these Loan
- No processing Fee.
- Repayment period of up to 15 years after Course Period + 12 months moratorium.
- Hostel, Mess, Library, Exam, and other education-related expenses covered.
- Current Interest Rate: 8.05%
For more details, check the official website of the SBI.
For more such schemes, you can check the official websites of other banks like CBI, ICICI, HDFC, Pnb, etc.
IIFT IPM ROI 2025
ROI is the rate of investment, which highlights the rate of return on your fees. See the placement statistics of the IIFT MBA 2023 batch below for an idea about the ROI.
IIFT MBA 2023 Placements Statistics
| Highlights | Details |
| Highest International CTC | 85.4 Lakhs INR |
| Highest Domestic CTC | 76.5 Lakhs INR |
| Average CTC | 29.1 Lakhs INR |
| Median CTC | 26.5 Lakhs INR |
| Top 10% Average CTC | 62.6 Lakhs INR |
| Sector-wise Distribution | Sales & Marketing (22%), Consulting (20%), Finance (18%), General Management (13%), Others (27%) |
| Prominent Recruiters | Amazon, Deloitte, EY, HDFC Bank, Microsoft, Tata Steel and more. |
| Competitions and Achievements |
|
IIFT IPM, although new, is sought after by a lot of students interested in pursuing a career in management. Although the fee for the entire 5-year could strain your financial conditions, you can utilize the scholarship benefits and opt for an education loan.
Key Takeaways:
- Fee Structure: Rs. 4,00,000 per year for the first three years; total fees around Rs.17,16,506/- over five years.
- Additional Costs: Includes a Rs. 10,000 security deposit and mess charges. Additional fees for student activities may apply.
- Scholarships: Offers scholarships for students with family income under Rs. 8 lakhs and various government scholarships.
- Education Loans: Loans up to Rs. 30 lakhs, with favorable terms from SBI and other banks.
- ROI and Placements: High placement rates with average CTC at 29.1 lakhs INR, top recruiters include Amazon, Deloitte, and Microsoft.
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Frequently Asked Questions
What is the fee structure for the IIFT IPM program for 2025?
Are there any additional expenses besides tuition fees in the IIFT IPM program?
Is there a provision for scholarships in the IIFT IPM program?
What is the Return on Investment (ROI) for the IIFT IPM program?
Is there a fee concession available for any student groups in the IIFT IPM program?
Are mess charges included in the tuition fee for the IIFT IPM program?