IIM Lucknow to increase fees by 15 percent for PGP Programme

IIM Lucknow will soon be increasing the fee for its 2-year PG programme by 15 per cent coming to an overall cost of Rs. 16 lakhs for the 2 year PG programme

Created On: Mar 8, 2017 09:12 IST
Modified On: Mar 16, 2017 15:00 IST

As per the latest sources, IIM Lucknow will soon be increasing the fee for 2-year PG programme by 15 per cent. Hence, the cumulative fees of 14 lakhs per annum will soon become Rs. 16 lakhs for the upcoming PGP Batch of 2017-19. The proposal of fee hike is subject to approval by the board of governors, who will meet on March 20, 2017. Approximately a batch of 450 students is likely to get an MBA degree after completing their two-year post-graduate programme in 2019.

With regards to fee hike, IIM-Lucknow’s director Dr Ajit Prasad commented that “We want to be at par with the three league IIMs at Ahmedabad, Bengaluru and Kolkata. Recently, the IIM-Kozhikode raised the fee to Rs 16 lakh. We should also take the fee structure to that level”. This is the second consecutive year when IIM-L has increased its fee. Last year, the fee was raised by almost 30 per cent for the 2017-18 batches. The tuition fee for the course was Rs 10.80 lakh in the academic year 2013-2015. In light of the fee hike, Dr Prasad, however commented that “The IIM-L slashed its fees by 10% for the PGP in management in 2013. The fee was reduced from Rs 12 lakh to Rs 10.8 lakh. We revised the fee last year to its original position. This year we propose to raise it by 15%”. In a recent move, IIM-Kozhikode has also raised the fee to Rs 16 lakh.

In addition, they have also specified that the new batch of 2017-19 will have an opportunity to international immersion module that is designed to give all 450 students a chance to broaden learning and deepen knowledge about an increasingly globalised economic environment. IIM-L has international exchange facility, but not all the students can get access to the exchange programme due of the additional charges associated over and above the tuition fee. So, IIM-L is attempting to work out a system that will allow all the 450 students to go for an international immersion for atleast a six-week programme abroad.

Courses offered at IIM Lucknow

The institute will grant admission to various courses in its campus that are listed below:

1. PGP in Management (PGPM)

2. PGP- Agribusiness Management (ABM), and

3. PGP- Sustainable Management (SM) 

About IIM Lucknow (IIM-L)

IIM-L is a premier B-school of India that imparts management education and selected aspiring candidates through qualifying CAT Scores. It was established in 1984 as the fourth Indian Institute of Management (IIM) by the Government of India.

The institute is situated in a 200-acre site in the northern outskirts of Lucknow. IIM-L is also probably the first IIM to have taken the lead in establishing a satellite campus at Noida in the National Capital Region. The new campus has a full-time dedicated pool of teachers and both students and faculty live on campus.

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