Education, Careers & Professional News
IIM-B ups fee from 06
Source
THE TIMES OF INDIA
Date
2005-10-31
Information
After resisting a fee hike this year, Indian Institute of Management-Bangalore (IIM-B) has decided to implement from 2006 a 10 per cent increase in fee for the post-graduate programme in management.
IIM-B is first among the Big Three IIMs to go in for a fee hike. From the current Rs 1.5 lakh a year, the two-year PGP would come with a fee tag of Rs 1.65 lakh per annum. The decision was conveyed by IIM-B director Prakash G Apte during the Board of Governors meeting last month, the last chaired by outgoing chairman S M Datta.
The hike, he told members, is to bridge the deficit since the programme is subsidised and more seats are being added.
This year, only IIM Indore, Kozhikode and Lucknow increased the fee for PGPM marginally,while IIMs at Ahmedabad, Bangalore and Kolkata agreed to retain last years fee structure. All IIM directors have agreed to move towards a uniform fee structure as desired by the HRD ministry.
Though the Board suggested that IIM-B enhance its image by having an international faculty and students, the director advised caution. Offering admission to foreign students in a liberal manner is not desirable as it will mean compromising with the rigour and quality of the programme.
After IIM-A, IIM-B is set to launch an executive MBA programme. A faculty committee has been constituted to work out the plan, and also look at possible collaboration with leading foreign universities.