July 26, 2024
Overview: Explore the IIM IPMAT fee structure and scholarships for IIM Indore's IPM program. Uncover details about IIM BBA fees, financial assistance options, and how you can afford this esteemed program. Dive in to learn more about making your management education dreams a reality!
The Integrated Program in Management (IPM) is a prestigious course for students who have completed 10+2 and seek a career in management. Launched by IIM Indore in 2011, it offers a B.A. Foundations in Management, followed by a Masters in Business Administration (MBA).
Admission to IPM is based on the Integrated Program in Management Aptitude Test (IPMAT). This 5-year course usually sees around 25,000 applicants competing for 150 seats at IIM Indore.
Are there scholarships available? What is the fee structure for IPM at IIM Indore? Is it affordable? Get answers to all these questions and more in this article.
Indian students will have to pay 17,05,133 for the first three years of UG program (B.A Foundation in Management).
For the remaining 4th and 5th year of IPM (MBA), you will have to pay 21,17,158.
Let's understand IIM IPMAT fees with more details via the following table:
Years | Fees for IPMAT (in INR) |
1st Year | 6,04,679/- |
2nd Year | 5,54,679/- |
3rd Year | 5,54,679/- |
4th Year | 11,04,679/- (For 24-29 batch) |
5th Year | 10,12,479/-(For 24-29 batch) |
Grand Total | 38,31,195/- |
Note: The tuition for the final two years will be adjusted to match the MBA program fees set at that time.
The fees of IPMAT exam or IIM Indore IPM fee structure for students who belong outside the country, i.e., international applicants, must pay INR 45,81,195/- for all the 5 years.
View the tables below for the exact IPMAT fees in IIM Indore in the official Brochure.
First Years of BBA
Head | IPM-I | Installments | ||
---|---|---|---|---|
AY 2024-25 | Term-I | Term-II | Term-III | |
Course Fee | 500000 | 170000 | 165000 | 165000 |
Medical Insurance Premium * | 679 | 679 | - | - |
Refundable caution Deposit ** | 50000 | 50000 | ||
Mess Deposit *** | 54000 | 18000 | 18000 | 18000 |
Grand Total | 604679 | 238679 | 183000 | 183000 |
Second Year of BBA
Head | IPM-II | Installments | ||
---|---|---|---|---|
AY 2025-26 | Term-I | Term-II | Term-III | |
Course Fee | 500000 | 170000 | 165000 | 165000 |
Medical Insurance Premium * | 679 | 679 | - | - |
Refundable caution Deposit ** | 50000 | 50000 | ||
Mess Deposit *** | 54000 | 18000 | 18000 | 18000 |
Grand Total | 554679 | 238679 | 183000 | 183000 |
Third Year of BBA
Head | IPM-III | Installments | ||
---|---|---|---|---|
AY 2026-27 | Term-I | Term-II | Term-III | |
Course Fee | 500000 | 170000 | 165000 | 165000 |
Medical Insurance Premium * | 679 | 679 | - | - |
Refundable caution Deposit ** | 50000 | 50000 | ||
Mess Deposit *** | 54000 | 18000 | 18000 | 18000 |
Grand Total | 554679 | 238679 | 183000 | 183000 |
First Years of BBA
Head | IPM-I | Installments | ||
---|---|---|---|---|
AY 2024-25 | Term-I | Term-II | Term-III | |
Course Fee | 750000 | 250000 | 250000 | 250000 |
Medical Insurance Premium * | 679 | 679 | - | - |
Refundable caution Deposit ** | 50000 | 50000 | - | - |
Mess Deposit *** | 54000 | 18000 | 18000 | 18000 |
Grand Total | 854679 | 318679 | 268000 | 268000 |
Second Years of BBA
Head | IPM-II | Installments | ||
---|---|---|---|---|
AY 2025-26 | Term-I | Term-II | Term-III | |
Course Fee | 750000 | 250000 | 250000 | 250000 |
Medical Insurance Premium * | 679 | 679 | - | - |
Refundable caution Deposit ** | - | - | - | - |
Mess Deposit *** | 54000 | 18000 | 18000 | 18000 |
Grand Total | 804679 | 268679 | 268000 | 268000 |
Third Years of BBA
Head | IPM-III | Installments | ||
---|---|---|---|---|
AY 2026-27 | Term-I | Term-II | Term-III | |
Course Fee | 750000 | 250000 | 250000 | 250000 |
Medical Insurance Premium * | 679 | 679 | - | - |
Refundable caution Deposit ** | - | - | - | - |
Mess Deposit *** | 54000 | 18000 | 18000 | 18000 |
Grand Total | 804679 | 268679 | 268000 | 268000 |
Note:
The Scholarship Program offered at the college is given below:
The Need-Based Financial Assistance (NBFA) at IIM Indore is designed to ensure that no participant is deprived of education due to financial constraints. This scholarship program is available to students enrolled in the Post Graduate Program in Management (PGP), Integrated Program in Management (IPM), and Post Graduate Program in Human Resource Management (PGPHRM).
Eligibility Criteria for NBFA
The NBFA is available to students who meet the following conditions:
The main objective of the Need-Based Financial Assistance (NBFA) at IIM Indore is to ensure that no participant is deprived of education at the institute for financial reasons.
The application for the NBFA involves several key steps, as outlined below:
NBFA Amount for Current Financial Year
NBFA (Need-based Financial Assistance) scheme provides financial assistance for IIM BBA fees based on the family income and the family's movable assets.
The below table will show all the details regarding that.
S No. | Family annual Income from all sources per annum Rs. | Any other condition which will be considered before sanction and render the participant ineligible | NBFA educational loan interest reimbursement | Other Benefits |
1. | Up to Rs. 4,50,000​ | Ownership of more than one building (residential/commercial), movable assets like FDs and shares more than Rs. 10 lakhs​ | 100% of interest reimbursement of the educational loan amount actually withdrawn from the bank for paying the fees​ | Rs. 4500/- per month for 10 months towards mess fee reimbursement in a year​ |
2. | Rs. 4,50,001 to Rs. 12,00,000​ | Ownership of more than one building (residential/commercial), movable assets like FDs and shares more than Rs. 10 lakhs​ | 50% of educational loan interest reimbursement​ | NIL |
Merit-based Awards Under NBFA
In addition to financial assistance, IIM Indore encourages academic excellence through merit-based awards. Recipients of NBFA who excel in their academics are eligible for additional awards equivalent to the tuition fees. The allocation of these awards is as follows:
Program | Year | Number of Awards |
---|---|---|
PGP | I | 3 |
PGP | II | 3 |
IPM | I | 1 |
IPM | II | 1 |
IPM | III | 1 |
PGP HRM (PGPHR) | I | 1 |
PGP HRM (PGPHR) | II | 1 |
IIM Ranchi has introduced the Merit Cum Means Scholarship Program to support 25 students annually. The scholarship is available to students in the MBA, MBA-Business Analytics, MBA-Human Resources Management, and Integrated Programme in Management (IPM) at the institute.
The total scholarship fund is approximately Rs. 1 crore annually, distributed among the selected students to significantly reduce their financial burden.
The Need-Based Financial Assistance (NBFA) scheme at IIM Bodhgaya ensures students in the Integrated Programme in Management (IPM) aren't deprived of education due to financial constraints.
Process: The NBFA Committee uses a two-step process to determine the number of awardees and the amount of aid:
Financial Assistance Cap: Assistance is capped at the Tuition Fee for the Academic Year, awarded as a percentage based on family income.
Eligibility and Application: Students must apply with a prescribed form and required documents, available at the IPM Office. Awards are based on family income and disciplinary records.
If eligible students exceed available scholarships, those with higher scores are prioritized. The scheme is effective from the AY 2023 onwards.
Nirma University offers merit-based scholarships up to Rs. 2,00,000 per annum to top-performing students, with additional scholarships available based on family income under the Merit Cum Means category.
Sr. No. | Admitted Under All India Category | Admitted Under Gujarat State Category | Amount (Rs./per annum) |
---|---|---|---|
1 | Top 05 students | Top 02 students | 2,00,000/- each |
2 | Other 03 students | Other 01 student | 1,50,000/- each |
3 | Another 07 students | Another 02 students | 1,00,000/- each |
Know more: IIM IPM Indore Course 2025
IPM is costly; you must not blindly opt for it without knowing the IPMAT Fee Structure and Scholarship programs. The IPMAT coaching fees are very high compared to all other colleges. However, every bank offers loans at lower interest rates. Lastly, scholarship programs allow students to pursue their dreams regardless of their financial circumstances.
1. Aditya Birla Scholarship-
2. OPJEMS Scholarship-
3. State Bank of India Scholarship-
4. Eicher Scholarship-
All these scholarships are valid for 5-year integrated course for almost all IIMs.
Frequently Asked Questions
What is the definition of Family as per NBFA?
What are the required documents to be submitted for earning members?
What is the fee structure of the IPM program offered by the IIM Indore for Indian citizens only?
What is the fee structure of the IPM program offered by the IIM Indore for International applicants?
How many applicants appeared this year for the IPMAT entrance examination conducted by the IIM Indore?
Can I avail of a scholarship if I belong to a reserved category?
What factors are considered for awarding scholarships for IPMAT?
Is there any scholarship available for IPMAT students?