The prestigious Indian Institutes of Management (IIMs), it seems have decided against increasing the course fee this year with the CAT popularity seemingly on the wane. According to reports, the drop in Common Admission Test (CAT) numbers and inflationary trends might have forced the premier B-schools to either not increase fee at all or do so only by a small measure for their flagship management programs.
It was reported that most of the IIMs have felt that the number of candidates taking the CAT not increasing much every year, a fee hike would further dent the registration trends. The report quoted Rishikesha T Krishnan, Director of IIM Indore as saying "Fee increase is decided by the board. However, I don’t think there is an appetite for fee increase. The number of people taking CAT has not been increasing. Even if fee goes up, it would not be beyond any correction for inflation which is around 8-10 per cent. We will try to be efficient and absorb as much as cost increase as we can."
According to reports, IIM Bangalore has decided not to hike fees and fees of Rs 17 lakh which was charged for the last year’s batch too making it the most expensive among IIMs will maintained for the batch of 2014-16 too. At IIM Ahmedabad, due to high inflation impacting affordability of candidates, the institute reportedly would either not hike fees or raise marginally. IIM Ahmedabad charges around Rs 16.60 lakh for its flagship PG program. IIM Calcutta, Kozhikode and newer IIMs like Udaipur are yet to take a call. In fact, IIM Udaipur which started with Rs 8 lakhs in 2011 has maintained it since last three years. IIM Lucknow, which had reduced its fees last year from Rs 12 lakh to Rs 10.80 lakh, may too maintain status quo, it was reported.
Source: Business Standard