IPMAT Fees

IPMAT Fees: A Comprehensive Guide

The IPMAT (Integrated Program in Management Aptitude Test) is a gateway to some of the prestigious five-year Integrated Programs in Management (IPM) offered by top institutes like IIM Indore, IIM Rohtak, IIM Jammu, and IIM Bodh Gaya. For aspirants aiming to build a career in management, the IPMAT is an essential step. However, one of the critical factors influencing students’ decisions is the fee structure of these programs.

In this article, we’ll take a deep dive into the IPMAT fees, covering all the important aspects, from the application fee to the comprehensive fee structure of the different institutes that offer IPM programs through IPMAT.

1. IPMAT Application Fee

Before understanding the program fees, let’s start with the IPMAT application fee. This fee is required for candidates to apply and appear for the IPMAT exam.

• IIM Indore IPMAT Application Fee:

  • General/OBC/EWS: ₹4,130 (including GST)
  • SC/ST/PWD: ₹2,065 (including GST)

• IIM Rohtak IPMAT Application Fee:

  • General/OBC/EWS: ₹4,175 (including GST)
  • SC/ST/PWD: ₹2,088 (including GST)

The application fee is non-refundable and covers the administrative costs of conducting the exam. Both IIM Indore and IIM Rohtak allow students to apply online through their official websites.

2. Fee Structure for IPM Programs at Various IIMs

The IPM program is a five-year integrated course, which includes both undergraduate and postgraduate components. Students who clear IPMAT and secure admission to the IPM programs at different IIMs need to consider the total program fee, which includes tuition fees, accommodation, mess charges, and other academic fees.

Let’s break down the fee structures of the major institutes offering IPM programs:

IIM Indore IPM Fee Structure

IIM Indore is the pioneer of the IPM program and has a detailed fee structure for its five-year integrated program. The fee for the first three years (undergraduate phase) is different from the last two years (postgraduate phase), which is aligned with the MBA program.

• First Three Years (UG Phase):

  • Total Fee: Approximately ₹16-18 lakhs (including tuition, hostel, mess, and other academic fees)

• Last Two Years (PG Phase):

  • The fee for the last two years is similar to that of the MBA program offered at IIM Indore, which is around ₹10-12 lakhs for the two years combined.

  Total Cost: ₹26-30 lakhs for the complete five-year program.

The fee may vary slightly based on annual changes and additional charges like books, computer labs, etc. Additionally, students can opt for various scholarships or financial aid options available at IIM Indore.

IIM Rohtak IPM Fee Structure

IIM Rohtak has quickly gained popularity for its IPM program, and the fee structure here is designed similarly to that of IIM Indore.

• First Three Years (UG Phase):

  • Total Fee: ₹17.7 lakhs (for the first three years)

• Last Two Years (PG Phase):

  • The fees for the last two years are similar to the MBA program, which is approximately ₹10-12 lakhs.

  Total Cost: ₹28-30 lakhs for the entire five-year program.

IIM Rohtak also offers financial assistance and scholarships to meritorious and economically weaker students. They have tie-ups with several banks to help students with education loans.

IIM Jammu IPM Fee Structure

IIM Jammu launched its IPM program more recently, and its fee structure is comparatively lower than the more established IIMs like Indore and Rohtak.

• First Three Years (UG Phase):

  • Total Fee: Approximately ₹13.8 lakhs (including all expenses)

• Last Two Years (PG Phase):

  • Fees for the MBA phase are expected to be around ₹10-12 lakhs.

  Total Cost: ₹23-26 lakhs for the entire five-year program.

IIM Jammu also provides scholarships based on merit, category (SC/ST), and financial background.

IIM Bodh Gaya IPM Fee Structure

IIM Bodh Gaya is another newer entrant in the IPM domain, offering a high-quality management program at a relatively lower cost.

• First Three Years (UG Phase):

  • Total Fee: ₹14.5-15.5 lakhs

• Last Two Years (PG Phase):

  • Fees for the MBA phase range between ₹10-12 lakhs.

  Total Cost: ₹24-27 lakhs for the complete program.

Like other IIMs, IIM Bodh Gaya provides access to scholarships and financial aid, and students can apply for education loans from partner banks.

IIM Ranchi IPM Program Fee Structure

IIM Ranchi is among the newer institutes offering a five-year Integrated Program in Management (IPM). While it is still building its reputation, it provides a competitive and well-structured IPM course at an affordable cost compared to other IIMs.

Here’s the breakdown of the fee structure for IIM Ranchi’s IPM program:

• First Three Years (UG Phase):

  • The total fee for the first three years is approximately ₹16-18 lakhs. This includes tuition fees, hostel accommodation, mess charges, and other academic costs.

• Last Two Years (PG Phase):

  • For the final two years, students pay fees similar to those in IIM Ranchi’s MBA program, which is around ₹10-12 lakhs.

  Total Cost: The overall program fee is estimated to be between ₹26-30 lakhs for the entire five-year period.

3. What is Included in the IPM Program Fee?

The total fees mentioned above typically cover the following:

• Tuition Fees: The academic cost of the program.
• Hostel Accommodation: Most IIMs provide hostel facilities to students as part of the program.
• Mess Charges: Includes food expenses during the program.
• Library and Laboratory Fees: Access to on-campus resources like libraries, computer labs, etc.
• Academic Support Services: Charges for guest lectures, workshops, and study material.
• Miscellaneous Fees: Includes exam fees, alumni fund contributions, and other administrative charges.

4. Scholarships and Financial Aid

All the IIMs offering IPM programs have robust financial aid systems in place to support students who may find it difficult to cover the costs of their education. The primary categories of financial assistance include:

• Merit-Based Scholarships: Awarded to students based on their academic performance.
• Need-Based Financial Aid: Available to students from economically weaker sections.
• Category-Based Scholarships: Provided to students belonging to reserved categories like SC/ST/OBC.
• Education Loans: All IIMs have tie-ups with nationalized and private banks to offer student loans at competitive interest rates. These loans typically cover the entire fee, including tuition, accommodation, and other expenses.

5. Additional Costs to Consider

Apart from the primary fees, students may have to bear some additional costs:

• Books and Study Material: Though many materials are provided by the institute, additional books and reference materials may need to be purchased.
• Personal Expenses: This includes travel, clothing, leisure activities, and other day-to-day personal expenditures.
• Internship and Project Costs: While internships are often paid, students may have to cover transportation and accommodation costs if required to travel.

Conclusion

The fee for IPM programs at IIMs can seem steep, but the quality of education, exposure, and career opportunities they offer make it a worthwhile investment. It’s essential for students to factor in all costs when planning their financials, but they should also explore the scholarships and education loans that can make the IPM program more affordable. With proper financial planning and an understanding of the fee structure, students can embark on this enriching academic journey at one of India’s top institutes.