The Indian Institute of Management (IIM), Lucknow on 13 April 2013 announced to cut the fees for its flagship postgraduate program to make its course affordable to its management graduates
The fee has gone down from 12 Lakh to 10.8 lakh. This new step can make the institute much more accessible.
The Lucknow institute’s decision is in contrast of the IIMs at Ahmedabad and Bangalore which have increased their fees. IIM, Ahmedabad has reportedly increased the course fee to 16.6 lakh from 15.5 lakh rupees for the 2013-15 batch. IIM, Bangalore raised it from 15 lakh to 17 lakh rupees, becoming so far, the costliest of the IIMs.