Financial Aid and Scholarships
Financial Aid
The objective of the Financial Aid Policy at IIMB is to ensure that no student is deprived of education at the institute for financial reasons.
All PGPBA students with annual household income below INR 6,00,000 are eligible to apply for financial aid. Other students, with severe financial difficulties arising from sudden unforeseen circumstances, are also considered.
The Financial Aid Committee undertakes a two-step process for deciding the number of awardees and quantum of aid. In the first stage, the students are given a financial status score based on four criteria – Annual Gross Household Income (including income of the student if employed before joining IIMB and outstanding loans if any, provided they were not taken for conspicuous consumption), Household Savings, Real Estate Assets, and Other Assets. Based on this score, some of the students are called for a personal interaction with a faculty panel. During these interactions, the panel evaluates the financial need of the student, as well as establishes the genuineness of the details provided by the student in the application, and assigns a financial need score. Based on the weighted average of these two scores, applicants are provided 100%, 80%, 60%, 40% or 20% financial aid.
Programme Expenses
The fee(in INR) for the batch of PGP(BA) 2024-26 (Domestic) is:
Perticulars |
Amount INR |
Fee* for 2 Years |
Rs. 26,00,000 |
Caution Deposit(General)# |
Rs. 15,000 |
Caution Deposit(Hostel)# |
Rs. 5,000 |
*Fees covers Tution, Library, Internet, Case Permission Royalty, Course Material, Hostel Room Rent, Service Charge, Medical Insurence, Personal Accident Insurence and Alumni Activity.
#Caution deposit(one time) to be paid separately at the time of registration.
The fees indicated above, excludes Service Tax and any other tax. Such taxes, if made applicable by law, will be collected from the students at the prescribed rates.
In addition to the amounts mentioned above, students will have to pay mess advance of Rs. 30,000 each term.
Accommodation: Accommodation on campus is provided for PGPBA students. Please note that students may opt to live off-campus in the second year by making their own arrangements.