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?

Relevant pages for IIM

Indian Institute of Management, Indore (IIM-I) | IIM-I Admission | IIM-I Fees | IIM-I Courses | IIM-

.. studying at Indian Institute of Management, Indore (IIM.. ..: Home MBA Indian Institute of Management, Indore (IIM-I) Follow @minglebox.. .., Indore was established in 1996 is the 6th in the prestigious IIM family of management schools..

http://www.minglebox.com/college/Indian-Institute-of-Management-Indore-II -

IIM Indore | IIM Indore Exec. PGPM | IIM Indore Executive Post Graduate Program in Management | IIM

.. Notices Distance MBA Full Time MBA QnA     IIM Indore Invites Application for EPGP in Management Published On.. ..: 10 Feb 2012 Applications are invited by Indian Institute of Management (IIM.. ... IIM Indore Eligibility A bachelor's degree or its equivalent A valid CAT/GMAT score..

http://www.minglebox.com/article/executive-mba/iim-indore-invites-applica -

Indian Institute of Management, Calcutta (IIM-C) | IIM-C Admission | IIM-C Fees | IIM-C Courses | II

.. Bengal, India - 700104 Are you Interested in studying at Indian Institute of Management (IIM-C), Calcutta.. ..: Home MBA Indian Institute of Management (IIM-C), Calcutta Follow @minglebox.. ... Over the past four decades, IIM Calcutta has blossomed into one of Asia's finest Business Schools..

http://www.minglebox.com/college/Indian-Institute-of-Management-Calcutta- -

Indian Institute of Management, Bangalore (IIM-B) | IIM-B Admission | IIM-B Fees | IIM B Courses | I

.. Interested in studying at Indian Institute of Management, Bangalore (IIM.. ..: Home MBA Indian Institute of Management, Bangalore (IIM-B) Follow @minglebox.. ..) is the flagship programme of IIM Bangalore..

http://www.minglebox.com/college/Indian-Institute-of-Management-Bangalore -

Equinox 2012 | Equinox’12 | Equinox 2012 at IIM R | Equinox 2012 at IIM-R | IIM-R fests | IIM-R | Eq

..: Home Campus Articles Equinox 2012 at Indian Institute of Management (IIM-R),.. Follow.. .. @minglebox Campus Home QnA     Equinox 2012 at Indian Institute of Management (IIM.. ..-R), Raipur, Equinox Fest Published On: 09 Mar 2012 IIM Raipur..

http://www.minglebox.com/article/campuses/equinox-2012-at-indian-institut -

IIM Rohtak|IIM Rohtak final placements 2012| Indian Institute of management Rohtak| IIM Rohtak 2012

..: Home MBA Articles IIM Rohtak Concludes Final Placements 2012 Follow.. ..     IIM Rohtak Concludes Final Placements 2012 Published On.. ..: 10 Mar 2012 Overview: The IIM-Rohtak (Indian Institute of management, Rohtak..

http://www.minglebox.com/article/mba/iim-rohtak-concludes-final-placement -

Indian Institute of Management, Indore (IIM-I) - Admission, Courses, Fee, Address | IIMI, IIM-I, IIM

.. studying at Indian Institute of Management, Indore (IIM.. ..: Home MBA Indian Institute of Management, Indore (IIM-I) Follow @minglebox.. .., Indore was established in 1996 is the 6th in the prestigious IIM family of management schools..

http://www.minglebox.com/college/Indian-Institute-of-Management-IIM-Indor -

IIM-B supersedes IIM-A in BT B-School Ranking 2011 | Minglebox

... The BT B-School Ranking that places IIM –Ahmadabad (IIM.. ..-A) on the 3 rd position after IIM–Bangalore (IIM-B) as well as IIM-Calcutta has taken everyone by surprise.. ... IIM-A has always held the top position in BT as well as other B-School Ranking surveys..

http://www.minglebox.com/article/mba/iim-b-supersedes-iim-a-in-bt-b-schoo -

Prof B S Sahay, Director IIM Raipur, talks about the Importance of Fund Raising for IIMs | Minglebox

..: 30 Jan 2012 During a recent meet that was coordinated by IIM Raipur with.. .. Ministry of HRD marks the first step towards fund raising activity as a source of funds for IIMs.. ... Presently IIMs depend on the Government of India for much of their funds..

http://www.minglebox.com/article/mba/prof-b-s-sahay-director-iim-raipur-t -

Indian Institute of Management (IIM-C), Calcutta - Admission, Courses, Fee, Address | IIMC, IIM-C, I

.. Bengal, India - 700104 Are you Interested in studying at Indian Institute of Management (IIM-C), Calcutta.. ..: Home MBA Indian Institute of Management (IIM-C), Calcutta Follow @minglebox.. ... Over the past four decades, IIM Calcutta has blossomed into one of Asia's finest Business Schools..

http://www.minglebox.com/college/Indian-Institute-of-Management-IIM-Kolka -

MBA Colleges in India

No results? Submit your query and we'll get back to you as soon as possible!

 

Request for Information

Close

Are you Interested in ?
Please provide the following details

Related Question and Answer