IIM Bangalore hikes fees for two-year course by 6 percent to Rs 17 lakh

BANGALORE: Indian Institute of Management, Bangalore (IIM-B) has increased its fees for batch of 2015 to Rs 17 lakh from 15 lakh, a 6% increase per year. ""It is linked to current inflation and consumer indices," said a statement from the premier management institute.

A management course in IIM-B is more expensive than one in IIM-Ahmedabad, which will charge its 2015 batch Rs 16.6 lakh, say reports . The new fee for the two-year course will cover tuition, hostel accommodation, health insurance, course and reading material including cases and books, computing facilities, library and other academic and co-curricular expenditure, said the IIM-B statement.

Amongst the older IIMs, IIM Lucknow (IIM-L) said they are yet to take a call on the fee structure and will make an announcement next week. The institute has not increased its fees for the past two years and fees for 2012-2014 were at Rs 12.5 lakh.