IIM Lucknow drops fees by 10% from Rs 12 lakh to Rs 10.8 lakhREAD

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IIM Lucknow drops fees by 10% from Rs 12 lakh to Rs 10.8 lakh

By Devina Sengupta, ET Bureau | 12 Apr, 2013, 02.59PM IST

4 comments |Post a Comment

The new fees will be applicable to both the post-graduate MBA and post graduate programme in agri-business management.

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BANGALORE: Premier management institute IIM Lucknow (IIM-L) has decided to reduce fees to Rs 10.8 lakh from Rs 12 lakh for the batch of 2013-2015, even as the older, more established IIM Ahmedabad and IIM Bangalore have increased fees for the period.

"In today's environment when education is becoming costlier, IIM Lucknow would like to take a lead. This decision of ours would not only help many needy students to undertake education at institutions like ours, but it will also widen the area of selection amongst eligible students for undertaking education in IIM's", said JJ Irani, chairman, IIM Lucknow board of governors, in a press statement.

The new fees will be applicable to both the post-graduate MBA and post graduate programme in agri-business management. The duration of both the courses is two years.

The B school has not effected an increase in the past two years. IIM- B increased its fees last week by 13.33% to Rs 17 lakh from Rs 15 lakh. IIM-Ahmedabad, will charge its 2015 batch Rs 16.6 lakh.

"In the past nine years, the institute's impetus has been on efficient financial management and broad-basing our revenue sources. We have no reliance on government grants now. Everyone can be assured that this decision of our does not mean reduction in either the quality of education, infrastructure or any other services in the institute," said Devi Singh, director, IIM Lucknow in a statement.

NEXT STORYItalian B-school SDA Bocconi School of Management caps intake of Indians at 12%

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Readers' opinions (4)

The Bharatiya (Bangalore)

4 Followers

50 Minutes ago

Silver: 2048

The IIMs should lower their fees as it is too much for middle class.

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Kaushik Dutta (Mumbai)

1 Hour ago

Bronze: 145

Atleast someone thinks that MBA is not meant only for the RICH! And a sincere request to people, please don't post rubbish replies as "TAKE A LOAN". To be eligible for a loan of 20lacs you should have tangible value of more than that amount. Any loan above 4Lacs require a third party guarantor who is worth the loan amount or collateral security worth the same! This is a welcome step for the aspirational middle class.

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Deepak Kumar Behera (Noida)

1 Follower

1 Hour ago

Silver: 1083

Good leading, IIM-L. In fact, I believe this will be an impetus to students aspiring to start their own businesses. With a burden loan of more than 15 lakhs, we cannot always blame the students to run after the most lucrative jobs.

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