PG management program fee raised to INR 22 lakh by IIM-A

PG management program fee raised to INR 22 lakh by IIM-A

On Saturday, the decision to raise the fee for various programs offered by the IIM-A by 5 percent was announced. With this decision, the flagship program of the institute, two-year full-time Post Graduate Program in Management, will now cost 22 lakh for the 2018-2020 batch.The announcement of increasing the fee for the various programs was made by the IIM-A director Errol D'Souza.He said, “Like every year, there will be a rise in fee. But it's only in line with the inflation. We are only raising it by 5 per cent. PGP program will now be Rs 22 lakh. The fee for PGPX (Post Graduate Program for Executives) will also be in the same line.”Last year, the institute raised the fee for the program which then went up from Rs 19.5 lakh to Rs 21 lakh.The cost of management program for the 2017-19 batch was Rs 21 lakh in addition to the laptop, personal expenses on boarding, travel, clothes and other services.Regarding the IIM Act, D'Souza said, “We are waiting for the government to formulate the rules and once they formulate the rules we are ready with our regulations. Then we will have a board meeting where we will move into the system defined by the Act.”However, he was still not sure whether the institute will give degrees in place of diplomas next year. He said, “I can't say that. Once the regulation is in place, only then we can decide.”

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