IIM's n other B-schools hike fees

[somak2001us]

Studying at the Indian Institutes of Management (IIMs) is going to be costlier with two institutes — IIM-Calcutta (IIM-C) and IIM-Ahmedabad (IIM-A) — hiking fees for the two-year post graduate management programme (PGP) by Rs 1 lakh. The other IIMs, IIM-Bangalore, IIM-Kozhikode, IIM-Lucknow and IIM-Indore, are also expected to decide on fee hike at their board meetings in early March.

STEEP INCREASE

IIM-C announced it would hike its annual fee for the first year to Rs 3 lakh from Rs 2 lakh and for the second year to Rs 4 lakh from Rs 2 lakh. Last year too, the premier institute had increased its fees from Rs 1.75 lakh to Rs 2 lakh per annum. This means students at IIM-C will have to shell out Rs 7 lakh for the 2008-10 PGP batch, compared with the current Rs 4 lakh. However, students seeking admission to the 2009-2011 batch will have to pay Rs 8 lakh. Commenting on the fee hike, IIM-C Director Shekhar Chaudhuri said, “The decision to raise the fees was taken in view of the rising costs and will be implemented from the coming academic session. The hike has been attempted at helping the institute meet growing expenditures while providing students better opportunities and improved facilities.” IIM-A has already hiked the fees for its two-year post graduate management programme to Rs 3 lakh per year, starting from the 2008-09 batch, from Rs 2 lakh. Besides, the premier institute will also increase fees for the post-graduate programme in management for executives (PGPX) from Rs 10 lakh to Rs 14 lakh, starting from the 2008-09 batch. IIM-Bangalore is also likely to raise the annual fees from Rs 2.5 lakh to Rs 2.75 lakh per annum. The institute had increased the total course fee to Rs 5 lakh from Rs 3.5 lakh last year.

do share ur views........

[somak2001us]

i donno whethr this is a big issue to u all or not.......but it is definitely somethin really unwanted n unexpected for me.....throw in ur opinions..........

source: IIM-A, IIM-C hike fees; others may follow suit



Zee News - iim-c,fees

[nexus.magnate]

Ready to pay more .....:bomb::razz:uppydog: IIMs are tuning on the line of private business schools and capitalising thier brand name to squeeze more money from the aspiring candidates..

IIM B has increased its yearly fees from 250000 to 400000 on the name better facilities(see the article below) i.e. 60% increase :razz:uppydog:..are the board of governors of IIM have gone mad or what. Neither India GDP(8.6%) grow on such a fast rate nor per-capita income goes up on such a rate (Its expected at 11% increase). I agree the expenditure of education is rising high but the Institues like IIMs should generate more resources rather than passing on full burden to the students. IIM's please learn something from IITs where there alumni contribute so much so that they are able to maintain low fees (for example IIM B -SJMSOM Saliesh Mehta has funded a full MBA institue ,similarly Alumni of IIT kanpur who run very big telecom business in US has donated 10 crore to the department of management at IIT Kanpur) . IIMs are now becoming greedy by increasing fees every year as they know students have no other option but to join this premier institues (IIM A,B,C)
Three IIMs hike fee

New Delhi: Three Indian Institutes of Management (IIMs) have increased their fees by at least 50 percent. The new price will be implemented from the coming academic session, Human Resource Development (HRD) Minister Arjun Singh informed parliament Tuesday.

"The boards of governors of only three IIMs - Ahmedabad, Bangalore and Calcutta - have so far decided to raise the fees for the postgraduate programme from the next academic year," Singh informed the Lok Sabha in a written reply.

With this decision, fees for the first year for students joining IIM-Ahmedabad and IIM-Calcutta will be Rs.300,000 from the upcoming academic year, against Rs.200,000 now.

IIM-Bangalore has increased the fee from Rs.250,000 for a year to 400,000 for the same period.

India has six IIMs. The other three are in Lucknow (Uttar Pradesh), Indore (Madhya Pradesh) and Kozhikode (Kerala).

The minister said the central government has not opposed this fee hike.

"Everything is becoming costly. The logistics and other requirements to fulfill the educational need are also becoming expensive. It's a unanimous decision," a senior IIM-Ahmedabad professor told IANS.

Source: Indo-Asian News Service
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Three IIMs hike fee - National News – News – MSN India - News

[mysticwind8]

what i think that this will greatly affect the autonomy of the institute..they will not have to look upon govt. or any other source to do some changes in their campus or to add something in their curriculum...man..try to understand that they are not putting the money in their pocket..all the money we will give will be spent on the infrastructure and other things which will be ultimately utilized by us ....and also almost every guy in iims or other top notch college is being provided money by the banks...so there is no direct burden...
what say puys?????????

[social_loafer]

Originally Posted by mysticwind8

what i think that this will greatly affect the autonomy of the institute..they will not have to look upon govt. or any other source to do some changes in their campus or to add something in their curriculum...man..try to understand that they are not putting the money in their pocket..all the money we will give will be spent on the infrastructure and other things which will be ultimately utilized by us ....and also almost every guy in iims or other top notch college is being provided money by the banks...so there is no direct burden...
what say puys?????????

dude 60% rise..is just too much...and try to understand one thing...IIM A, B,C have corpus of arnd 100 crore each.....
Its total crap to increase fees by 60% in an year..... just imagine what will be the fees say 5 years from now.....US B schools will be cheaper...if they continue with same pace........

Someone mentioned.....Banks will pay...dude...banks will pay for u..but ultimately u will have to pay it back period !..and regarding salaries.....u get paid for ur potential..why r u not taking that into acc..?......

i think IIMs should either get autonomy and do some radical changes..and then may be charge high fees....or otherwise..let the things remain as it is..and get the fees reduced....they are not getting the autonomy and are raising the fees at the same time......

PS: on the lighter note..i hope BJP comes back to power and Murli manohar joshi might help us..

[ajeet_kumar]

Does government/IIM need to subsidize all students of IIM? NO because students earn more than enough after education and they have capability to repay the loans.
As loans are available and IIMS also give scholarship to needy students, i feel that hike is justified as IIM should recover all expenses incurred on student from student itself. Subsidy and grant should be utilized for needy students, not on IIM grads, who can pay their loans.

It is my opinion. Please don't groan.

[social_loafer]

Originally Posted by ajeet_kumar

Does government/IIM need to subsidize all students of IIM? NO because students earn more than enough after education and they have capability to repay the loans.
As loans are available and IIMS also give scholarship to needy students, i feel that hike is justified as IIM should recover all expenses incurred on student from student itself. Subsidy and grant should be utilized for needy students, not on IIM grads, who can pay their loans.

It is my opinion. Please don't groan.

dude correct...but how on earth can they hike fees by 60%?....they will hike the fees and the govt will still have interference etc...then it would be better to have interference and less fees...what say?

[sumitrungta]

It sounds really absurd (atleast to me) to say anything against the fees rise by IIM A,B,C....the amount you earn after u pass out is more than enough to compensate for it and besides just for a second think about the kind of facilities u get der for 2 years....i mean how cheap do u want ur MBA to be...it sounds very reasonable at even 4 grands(atleast compared to the returns it gives and the brand value).....and for all those who are concerned about the rate of increase and future predictions, i would say why dont u live in the present instead of trying to predict future fees....

And besides all dis, one more thing : I dont think that any of us discussin here about dis is actually qualified enough to comment on the decisions taken by administrators of the country best management schools.....anyways we can we can only but air our views....

p.s : Just my views, nothing personal against fellow puys who post their views..

[social_loafer]

Originally Posted by sumitrungta

It sounds really absurd (atleast to me) to say anything against the fees rise by IIM A,B,C....the amount you earn after u pass out is more than enough to compensate for it and besides just for a second think about the kind of facilities u get der for 2 years....i mean how cheap do u want ur MBA to be...it sounds very reasonable at even 4 grands(atleast compared to the returns it gives and the brand value).....and for all those who are concerned about the rate of increase and future predictions, i would say why dont u live in the present instead of trying to predict future fees....

And besides all dis, one more thing : I dont think that any of us discussin here about dis is actually qualified enough to comment on the decisions taken by administrators of the country best management schools.....anyways we can we can only but air our views....

p.s : Just my views, nothing personal against fellow puys who post their views..

yar...arent u treating IIMs as placement agency?..u pay a certain amount..and get a job paying more than that....isint it? and as long as that initial amount charged by placement agency is justified by ur future salary..the placement agency is correct?


Regarding...we are not qualified for raising doubts abt decision taken by administrators of management school..dunno what ur trying to say? are they gods..? and we cant question them?.....

~the issue is not the fee hike..but a 60% hike.....

[mysticwind8]

@loafer...

i somewhat disagree to your point buddy...i know that they have hiked the fees by 60% but if you see for next year the amount of increase is 1 lakh..not a 60%...proving that this is not going to be a routine work...also.iims has always tried to something else...and this time also they are trying to do something different....wait and see ...what are they up to.....what say puys..???