Last Updated on March 26, 2019 by MBAUniverse.com News Desk
IIM Ahmedabad hikes Fee to Rs.23 Lakhs for MBA 2019-21; First MBA Degree Awarded to 2017-19 Batch
For its MBA 2019-21 batch, IIM Ahmedabad has announced the fee hike to Rs.23 lakhs from Rs.22 lakhs last year. Moving ahead with the award of post graduate degrees instead of PG diplomas after passing of IIM Act 2017, the first Masters of Business Administration (MBA) degree has been awarded by IIM Ahmedabad to the PGP, PGP-FABM and PGPX students passing out in 2019.
Along with the beginning of awarding the MBA degree in place of diplomas, IIM Ahmedabad has decided to increase its fee structure further. On the occasion of Convocation 2019, IIM Ahmedabad has also announced to increase its 2 year programme fee to Rs.23 lakhs for the 2019-21 batch from earlier Rs.22 lakhs.
For the consecutive 3rd year in a row, Indian Institute of Management, Ahmedabad has announced to increase the fee for its PGDM programmes. The Fee was increased in the year 2018 to Rs.22 lakhs and now it has again been hiked to Rs.23 lakhs effective from the academic year 2019-20.
Announcing the decision of the premier B-school, Prof. Errol DSouza, director IIM Ahmedabad has shared that the fee hike has been decided after considering the inflation. IIM Ahmedabad Board of Governors has also approved the fee increase.
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Starts Awarding MBA Degree Instead of Diploma
In its convocation 2019, IIM Ahmedabad has awarded MBA degree to the passing out students of PGP 2017-19; PGP-FABM-2017-19; PGPX 2018-19. Till last year, IIM Ahmedabad awarded post graduate diplomas in management. With the passing of IIM Act 2017, IIM Ahmedabad has decided to award MBA degree in place of diploma for the first time.
Now all the subsequent batches will be awarded MBA degree which will help them to pursue higher studies globally without looking for any MBA equivalence certificate by IIM Ahmedabad.
IIM Ahmedabad Fee in Last 5 Years
Since 2016, IIM Ahmedabad has been increasing its PGP in Management and PGP in Food & Agribusiness Management programme fee every year:
PGP Batch
Programme Fee (Rs.in Lakhs)
2015-17
18.5
2016-18
19.5
2017-19
21.0
2018-20
22.0
2019-21
23.0
Little Impact of Fee Hike
The fee hike at IIM Ahmedabad does not appear to have made any impact on MBA aspirants, as the placement in 2019 has gone very high and with the anticipated high RoI, MBA aspirants are ready to face some hardship for a year or two after completion of their MBA while making repayment of the funds they propose to borrow from banks to fund their MBA education.
Intake Increase not Announced
No increase in seats in any of the flagship post graduate programmes is proposed by IIM Ahmedabad in the academic year 2019-21. However, IIM Ahmedabad will have 2 sections for its PGPX (one year Post Graduate Programme in Management for Executives) programme.
1/3rd students to get financial aid
Financial aid for deserving students will continue as before. The number of such students is about one-third of IIM Ahmedabad class.
IIM Ahmedabad, Indias most prestigious and Number 1 B-school, is the dream campus and most coveted destination for CAT aspirants for decades now. Established in 1961, the Indian Institute of Management, Ahmedabad (IIMA) is recognized globally for excellence in management education. One of the top management schools in the world, IIM Ahmedabad educates leaders of the enterprises. The Institutes strategic priorities include: strengthening connection with its various constituencies, including academics, practitioners, alumni, and the community; nurturing a high performance work environment of stretch, autonomy, and teamwork; and strategic growth while maintaining emphasis on quality.
Stay tuned to MBAUniverse.com for more updates on IIM Ahmedabad
For the consecutive 3rd year in a row, Indian Institute of Management, Ahmedabad has announced to increase the fee for its PGDM programmes. The Fee was increased in the year 2018 to Rs.22 lakhs and now it has again been hiked to Rs.23 lakhs effective from the academic year 2019-20.
Announcing the decision of the premier B-school, Prof. Errol DSouza, director IIM Ahmedabad has shared that the fee hike has been decided after considering the inflation. IIM Ahmedabad Board of Governors has also approved the fee increase.
Check Top MBA Colleges in India & Compare by Ranking, Fee, Placements
Starts Awarding MBA Degree Instead of Diploma
In its convocation 2019, IIM Ahmedabad has awarded MBA degree to the passing out students of PGP 2017-19; PGP-FABM-2017-19; PGPX 2018-19. Till last year, IIM Ahmedabad awarded post graduate diplomas in management. With the passing of IIM Act 2017, IIM Ahmedabad has decided to award MBA degree in place of diploma for the first time.
Now all the subsequent batches will be awarded MBA degree which will help them to pursue higher studies globally without looking for any MBA equivalence certificate by IIM Ahmedabad.
IIM Ahmedabad Fee in Last 5 Years
Since 2016, IIM Ahmedabad has been increasing its PGP in Management and PGP in Food & Agribusiness Management programme fee every year:
PGP Batch
Programme Fee (Rs.in Lakhs)
2015-17
18.5
2016-18
19.5
2017-19
21.0
2018-20
22.0
2019-21
23.0
Little Impact of Fee Hike
The fee hike at IIM Ahmedabad does not appear to have made any impact on MBA aspirants, as the placement in 2019 has gone very high and with the anticipated high RoI, MBA aspirants are ready to face some hardship for a year or two after completion of their MBA while making repayment of the funds they propose to borrow from banks to fund their MBA education.
Intake Increase not Announced
No increase in seats in any of the flagship post graduate programmes is proposed by IIM Ahmedabad in the academic year 2019-21. However, IIM Ahmedabad will have 2 sections for its PGPX (one year Post Graduate Programme in Management for Executives) programme.
1/3rd students to get financial aid
Financial aid for deserving students will continue as before. The number of such students is about one-third of IIM Ahmedabad class.
IIM Ahmedabad, Indias most prestigious and Number 1 B-school, is the dream campus and most coveted destination for CAT aspirants for decades now. Established in 1961, the Indian Institute of Management, Ahmedabad (IIMA) is recognized globally for excellence in management education. One of the top management schools in the world, IIM Ahmedabad educates leaders of the enterprises. The Institutes strategic priorities include: strengthening connection with its various constituencies, including academics, practitioners, alumni, and the community; nurturing a high performance work environment of stretch, autonomy, and teamwork; and strategic growth while maintaining emphasis on quality.
Stay tuned to MBAUniverse.com for more updates on IIM Ahmedabad