Study Abroad

Choose Your Destination to Study

Interested in Study Abroad
Please fill in your details below and we will get in touch with you shortly


IIMs record high revenues after repeated fee hikes

Published On: 28 Jun 2012 | Last Updated On: 28 Jun 2012

The country's best B-school, Indian Institute of Management, Ahmedabad (IIM-A) has generated a net surplus of Rs 6.83 crore  for the 2010-11 fiscal year as a result of hike in the fee from the past three years.

IIM-A had increased the fee by nearly six-folds for their flagship Postgraduate Programme (PGP) in management from Rs 2 lakh to Rs 11.5 lakh in 2008. In 2010-11, the fee was hiked by 25% and for the 2012-14 batch the PGP programme was charged Rs 15.5 lakh. The fee income from the PGP in agri business management also rose by 52% in the 2010-11. The institute has driven the finance resource generation through fee hikes across the programmes they offer. Sources from the institute revealed that, both, the pre-unit realization and scale increased after the quota implementation and fee hike.

Other IIM's have also benefited from the fee hike process. IIM-Bangalore has recorded Rs 42.82 lakh increase in the total income in 2010-11 after they increased the fee for the Executive Education Programmes (EEPs) and the PGP, accounting to 88% increase in the total income. With increase in the number of EEPs, the income from the EEP has increased by 68% reported the sources from the institute. In addition, the increasing number of international programmes has also added to a significant increase in the revenue and per-programme rates.

At IIM-Calcutta, the total income has increased to Rs 104.69 crore from Rs 83.96 crore (25% increase).The institute’s corpus fund has gone up from Rs 16 crore to Rs 22.16 crore. The institute has also recorded a 10% revenue from the online education programmes this year, which is higher than the percentage recorded by the Stanford and Harvard business schools.

IIM-A, IIM-B and IIM-C are now looking forward to fund-raising from their alumni network as these institutes do not seek grants from the government to run their administration.

Source: Business Standard

For Frequent updates you can share with your friends,

Like us on Facebook, Follow us on Twitter and Google+

Do you like this story?
comments powered by Disqus
subscribe to our Newsletter