Indian Institute of Management Indore

What is the fee structure at Indian Institute of Management Indore?

Indian Institute of Management Indore charges roughly ₹21,00,000 to ₹25,15,800 for its flagship two-year MBA (Post Graduate Programme in Management, or PGP), about ₹23,00,000 for its one-year Executive MBA (EPGP), while the doctoral Fellow Programme in Management (FPM) carries no tuition fee and instead pays a monthly stipend. For the latest 2026-28 PGP batch, IIM Indore's official fee structure lists a total of ₹25,15,800 for Indian students admitted through CAT, payable across two years. These figures cover tuition, hostel accommodation, mess, library and campus IT infrastructure, which is why IIM Indore's headline fee looks high but is genuinely all-inclusive. Below, every IIM Indore programme is broken down year-wise so you can plan the real cost of studying here.

Course-Wise Fee Structure (2026)

This table sets out the total fee for each running programme at Indian Institute of Management Indore for the 2026 admission cycle. It answers the most common question an aspirant has: how much does each IIM Indore course actually cost end to end, and over how many years. Read the "Total Fee" column as the all-inclusive amount (tuition plus hostel, mess and caution deposits) for the full programme, not per year. The MBA and Executive MBA require a valid entrance score, while the FPM is funded rather than fee-charging.

The clear takeaway for 2026 is that IIM Indore's two-year MBA is the costliest core programme at ₹25,15,800, having jumped from about ₹21.17 lakh for the 2024-26 and 2025-27 batches. The one-year Executive MBA (EPGP) is comparable in absolute cost to the MBA but compresses it into 12 months, making the per-year outlay much higher. The FPM is effectively cost-negative for the scholar, since IIM Indore waives tuition and pays a monthly stipend instead, a deliberate move to attract research talent.

Year-Wise Fee Changes

This section tracks how the Indian Institute of Management Indore MBA (PGP) fee has moved across the 2024, 2025 and 2026 batches so you can see the hike for yourself. The table answers a question every applicant asks: is the IIM Indore fee going up, and by how much. It also shows the year-wise split for the current 2026-28 batch, since IIM Indore collects the fee in two annual chunks (further divided into three terms). The trend matters because it directly affects the education loan amount you should plan for.

The data shows IIM Indore held its PGP fee almost flat at around ₹21.17 lakh for both the 2024-26 and 2025-27 batches, then raised it sharply to ₹25,15,800 for the 2026-28 batch, an increase of roughly ₹4 lakh or about 19%. Most of that jump sits in the course fee, which rose to ₹12,00,000 per year. The Executive MBA (EPGP) followed a similar upward path, climbing from about ₹22.12 lakh published for 2025 toward the higher 2026 figure, so applicants to either IIM Indore programme should budget for continued annual increases rather than a flat fee.

Scholarships & Fee Waivers at Indian Institute of Management Indore

Indian Institute of Management Indore reduces the effective cost of its MBA through its Need Based Financial Assistance (NBFA) scheme, government scholarships for reserved categories, and a fully funded doctoral route. The flagship support is NBFA, open to PGP, PGP-HRM and Integrated Programme in Management (IPM) students whose annual family income is below ₹12,00,000.

Need Based Financial Assistance (NBFA)

IIM Indore's NBFA exists so that, in the institute's own words, no participant is deprived of education for financial reasons. It works on two income slabs: students with family income up to ₹4,50,000 (Slab I) are eligible for 100% reimbursement of education loan interest and mess charges, while those in the ₹4,50,001 to ₹12,00,000 band (Slab II) are eligible for 50% reimbursement of education loan interest. The NBFA Committee decides the final quantum each year, so the relief is means-tested rather than fixed.

Government and Category Scholarships

SC/ST students at IIM Indore with gross family income below ₹4,50,000 can avail the Central Sector Scholarship, which covers tuition fees, non-refundable charges, lodging and boarding, books and stationery, and the cost of IT equipment for the first year. Minority-community students can access the Merit-cum-Means scholarship. These government schemes can substantially cut, and in some SC/ST cases largely cover, the ₹25,15,800 IIM Indore MBA bill.

Doctoral Stipend (FPM)

For the Fellow Programme in Management, IIM Indore waives tuition entirely and instead pays scholars a stipend of ₹40,000 per month during coursework and ₹45,000 per month after clearing the comprehensive examination, for up to 57 months, plus a research development grant of ₹37,500 per year for four years. This makes the IIM Indore FPM a funded doctoral route rather than a fee-paying one.