Indian Institute of Management Ahmedabad (IIM-A) has increased the fee for its flagship two-year postgraduate programme in management (PGPM) from Rs18.5 lakh to Rs19.5 lakh.
The new fee structure will be applicable from the 2016-18 batch, the institute said in a press release on Wednesday.
“The IIMA Board has approved the increase of fees for its two-year PGPM ...The amount is cumulative fee for both years, including tuition, academic support, accommodation, basic health care, medical insurance, and alumni association membership fee,” the press release said.
The institute stated that the increase is necessitated as the institute’s costs have been rising in step with inflation. It added that despite increase, IIM-A fees have “tended to lag inflation rate over the past several years.”
“Taking 2009 as base, even with the proposed increase, 2016-18 fee would be 10 per cent lower in inflation adjusted terms compared to 2009-11 fee...Although we continue to drive for efficiency, part of the cost increase is reflected in fee increase,” the institute stated.