IIM Indore Courses & Fees 2027

Indore, Madhya PradeshAutonomous UniversityEstd 1996
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Collegedunia Team

Content Curator | Updated on - Sep 25, 2026

IIM Indore fees for 2027 range from INR 83,415 to INR 26.77 Lakhs for the complete program duration, depending on the course. IIM Indore offers programs across Management, Executive Education, Integrated Management, and Doctoral studies, including PGP, PGP-HRM, IPM, EDPMG, EPGP, PhD, IPBA, MDP, MMS, and FDP.

  • IIM Indore PGP fees are INR 25.15 Lakhs for the complete 2-year program, including the listed caution deposit, mess deposit, and second-year alumni fee.
  • IIM Indore PGP-HRM fees are INR 21.85 Lakhs for the complete 2-year program.
  • IIM Indore EDPMG fees are INR 9.80 Lakhs for the complete 4-year program, including the INR 80,000 non-refundable acceptance fee.
  • IIM Indore EPGP fees are INR 26.77 Lakhs for the complete program.

Note: Fees for programs based on 2026 batches may change for the 2027 admission cycle. Check the latest official fee structure before applying.

IIM Indore Application Fees

IIM Indore charges different application fees depending on the program. The details are given below.

Program Application Fee Entrance Exam
PGP
No separate IIM Indore application fee

CAT
PGP-HRM
IPM INR 4,130 (including GST)
IPMAT
IPM (SC/ST/PwD) INR 2,065 (including GST)
EPGP INR 5,900 (including GST) CAT/GMAT/GRE
EDPM - One Area INR 3,000 + GST = INR 3,540
CAT/GMAT/GRE/GATE/JRF/RAT
EDPM - Two Areas INR 4,500 + GST = INR 5,310

IIM Indore PGP Fees 2027

IIM Indore PGP fees for Indian students through CAT are INR 12 Lakh per year. The two-year course fee is INR 24 Lakh, excluding the refundable caution deposit, mess deposit, and the second-year alumni fee. Candidates applying for the IIM Indore PGP 2027-29 batch should note that the fee may be revised for the upcoming academic year.

Fee Component 1st Year 2nd Year
Course Fee INR 12 Lakh INR 12 Lakh
Alumni Fee including GST @ 18% - INR 11,800
Refundable Caution Deposit INR 50,000 -
Mess Deposit INR 54,000 -
Total per Year INR 13.04 Lakh INR 12.11 Lakh
Total Fee (2 Years) INR 25.15 Lakh -
Fee-Structure-for-PGP-Batch IIM-I

Source: @iim-i.ac.in

Note:

  • Mediclaim insurance policy charges will be based on actuals and deducted from the caution deposit.
  • The caution deposit is refundable upon completion of the course after deducting the Mediclaim insurance premium and any applicable dues.
  • The mess is optional for IPM, where applicable.

IIM Indore PGP Fee Payment Bank Details

For PGP participants, IIM Indore provides a participant-specific virtual account with IDBI Bank for fee collection.

Banking Detail PGP Fee Payment
Account Name Indian Institute of Management Indore-Fee Collection A/c
Account Number Participant-specific Virtual Account Number
Bank IDBI Bank
IFSC Code for NEFT/RTGS IBKL0000001
Branch Ratlam Kothi, Indore
Account Type Savings
Beneficiary Name Indian Institute of Management Indore
SWIFT Code IBKLINBB001

Note: Each participant has a different virtual account number. Students should refer to the virtual account details provided by IIM Indore before making the payment.

Ques. Can I Pay IIM Indore Fees Through NEFT/RTGS?

Ans. Yes. IIM Indore's fee-payment instructions provide bank details for NEFT/RTGS payments. PGP participants use their allotted virtual account with IDBI Bank, while IPM participants use their allotted virtual account with HDFC Bank. Students should ensure that their name and roll number are entered in the remarks/reference field and retain the UTR number for reconciliation.

Ques. Is the IIM Indore Course Fee Account the Same as the Mess Account?

Ans. No. The course fee and mess deposit are paid separately. The course fee is deposited into the participant's designated virtual account for IIM Indore, while the mess deposit is paid to the Students Mess Committee, IIM Indore.

IIM Indore PGP-HRM Fees 2027

IIM Indore PGP-HRM fees are INR 10.35 Lakh per year as per the fee structure for the 2026-27 and 2027-28 academic years. The fee structure includes the course fee, refundable caution deposit, mess deposit, and alumni fee applicable in the second year.

Fee Component 1st Year 2nd Year
Course Fee INR 10.35 Lakh INR 10.35 Lakh
Alumni Fee including GST @ 18% - INR 11,800
Refundable Caution Deposit INR 50,000 -
Mess Deposit INR 54,000 -
Total per Year INR 11.39 Lakh INR 10.46 Lakh
Total Fee (2 Years) INR 21.85 Lakh

PGP-HRM FEES IIM-I

Source: @iim-i.ac.in

IIM Indore EDPMG Fees 2027

IIM Indore EDPMG program has a total fee of INR 9.80 Lakh, including an INR 80,000 non-refundable acceptance fee and a balance program fee of INR 9 Lakh. The program duration is four years.

Fee Component Amount
Acceptance Fee INR 80,000
Balance Program Fee INR 9 Lakh
Total Program Fee INR 9.80 Lakh

EDPMG Continuation Fee

Candidates who go beyond the stipulated four-year program duration may be allowed an extension subject to approval and payment of the applicable continuation fee.

Extension Period Continuation Fee
After 4 years INR 25,000 every 6 months
After 5 years INR 50,000 every 6 months

Note: The maximum duration of the program is six years.

IIM Indore IPM Fees 2027

IIM Indore IPM fee for domestic applicants is INR 6 Lakh per year for the first three years, subject to revision. The fee for the fourth and fifth years is charged as per the prevailing PGP fees. The course fee includes lodging, access to lectures, internet facilities, and library.

Fee Component IPM I–III IPM IV IPM V
Course Fee INR 6 Lakh per year INR 12 Lakh INR 12 Lakh
Total Course Fee INR 18 Lakh for 3 years INR 12 Lakh INR 12 Lakh
Alumni Fee including GST @ 18% – – INR 11,800
Refundable Caution Deposit INR 50,000 – –
Mess Deposit INR 54,000 – –

Note: The course fee includes lodging, access to lectures, internet facilities, and library facilities. Accommodation is arranged on a sharing basis during the first three years, while single-room accommodation is provided for the fourth and fifth years.

IIM Indore IPM Fee Payment Bank Details

IPM participants are also provided with individual virtual account numbers for fee payments. The institute's PGP/IPM handbook lists HDFC Bank for IPM fee collection.

Banking Detail IPM Fee Payment
Account Name Indian Institute of Management Indore-Fee Collection A/c
Account Number Participant-specific Virtual Account Number
Bank HDFC Bank
IFSC Code for NEFT/RTGS HDFC0002140
Branch HDFC Bank, 15/4, Sai Vihar Colony, Rau, Indore – 453331
Account Type Savings
Beneficiary Name Indian Institute of Management Indore
SWIFT Code HDFCINBB

Note: Each participant has a different virtual account number. Students should refer to the virtual account details provided by IIM Indore before making the payment.

IIM Indore Fees for Other Courses

IIM Indore fees for other courses are mentioned below. The fee details are based on the previous batch, as the fees for the 2027 batch have not been announced yet and may be revised by the institute.

Course Total Fees (INR)
EPGP INR 26.77 Lakhs
Ph.D INR 83,415
IPBA INR 3.78 Lakhs
MDP INR 54,000
M.M.S INR 14 Lakhs
FDP INR 88,500

IIM Indore Students’ Reddit Review

According to Reddit, an IIM Indore student says most professors are knowledgeable and approachable. The first two years are academically intense, covering subjects such as Mathematics, Statistics, Economics, and Humanities. The third year offers diverse faculty-led electives, including Generative AI and outdoor trekking. The student also found the grading system challenging and noted that students who are less academically inclined may find it difficult to keep up.

Reddit discussion on faculty of IIM-I

Source: Reddit

IIM Indore Refund and Withdrawal Policy

IIM Indore has a separate withdrawal procedure for PGP and IPM admissions. Candidates who decide not to accept their admission offer must submit the withdrawal request through the student portal within the deadline specified by the institute.

Particulars Details
Withdrawal Process Submit the withdrawal request through the IIM Indore student portal
Processing Fee INR 1,000
Refund The applicable fee amount is refunded after deduction of the processing fee
Refund Account Refund is released to the bank account provided by the candidate
IPM Refund Timeline Refund is released within one month after processing

IIM Indore Scholarships 2027

IIM Indore offers industry-sponsored merit scholarships to academically strong students. IIM Indore scholarship amount and eligibility vary depending on the sponsoring organisation and the student's academic performance.

Scholarship Eligibility / Selection Basis Scholarship Amount
SBI Scholarship Awarded based on academic performance in the first year of PGP INR 1.50 Lakh
VE Commercial Vehicles Scholarship Awarded based on first-year PGP academic performance INR 50,000

Note: The scholarships are awarded to eligible students based on the criteria specified by IIM Indore and the respective sponsoring organisations. Scholarship availability, eligibility criteria, and award amounts may be subject to change as per the institute's latest guidelines.

IIM Indore Fees FAQs

Ques. Is there any financial assistance at IIM Indore based on family income?

Ans. Yes, IIM Indore offers Need-Based Financial Assistance (NBFA) to students of PGP, PGP-HRM, and IPM whose annual family income is below INR 12 Lakh. The amount of assistance is decided based on factors such as family income, assets, and financial need.

Ques. Do IIM Indore students have to pay the full fee before receiving financial assistance?

Ans. Students should not assume that the financial assistance is automatically adjusted before the initial fee payment. NBFA is awarded after the institute assesses the applicant's financial need. Students should follow the payment and application instructions issued by IIM Indore for their batch. Discussions among IPM aspirants also show that students commonly ask about the initial fee payment before receiving financial assistance.

Ques. Is the IIM Indore scholarship the same as a fee waiver?

Ans. No. IIM Indore's need-based financial assistance and merit/industry-sponsored scholarships are separate forms of support. NBFA is based on financial need, while merit scholarships are linked to academic performance and specific scholarship criteria.

Ques. Can students from families with income above INR 12 Lakh apply for IIM Indore NBFA?

Ans. IIM Indore states that students of PGP, PGP-HRM and IPM with annual family income below INR 12 Lakh are eligible to apply for NBFA. Students above this income threshold would therefore not meet the stated eligibility condition for this particular financial assistance.

Ques. Is IIM Indore IPM expensive for students who need financial support?

Ans. The cost of the five-year IPM can be a concern for students and families, particularly because the fourth and fifth years are charged according to the prevailing PGP fee. IIM Indore provides NBFA for eligible PGP, PGP-HRM and IPM students with an annual family income below INR 12 Lakh.

Ques. Can IIM Indore fees be paid through an education loan?

Ans. Yes. Students can use education loans to finance their programme fees. IIM Indore's fee-payment instructions also provide a process for loan-sanctioning banks to remit fees through the prescribed NEFT/RTGS payment route.

Ques. Does IIM Indore provide financial assistance to IPM students?

Ans. Yes. IPM students are included in IIM Indore's NBFA scheme, provided they meet the institute's eligibility requirements, including the stated annual family-income criterion of below INR 12 Lakh.

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IIM Indore Integrated Programme in Management [IPM]: Students' Opinion

  • Integrated Programme in Management [IPM]
  • PGPM Human Resources
  • PGPM General

AI-Generated Summary based on 17 Reviews

Fees at the Indian Institute of Management for the Integrated Programme in Management (IPM) consist of different components over the course of five years. The first three undergraduate years incur a tuition fee of approximately 5- 6 lakh per year, while the subsequent two years, aligning with the postgraduate program, increase to 10- 12 lakh per year. The total estimated cost for completion of the IPM program is 40- 50 lakh.

Additionally, there is a refundable security deposit of 50,000, and a mess fee of 50,000 per year. The institute offers need-based financial assistance for families with an annual income of less than 12 lakh, which covers the interest on educational loans. About 20% of the batch typically qualifies for this assistance. Furthermore, private, public, and state-backed scholarships are available, providing financial relief to eligible students. The total scholarship coverage varies, with some scholarships offering amounts from 40,000 per year to complete tuition fee waivers.

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IIM Indore: 9 Answered Questions

Why is there an integrated course of BBA MBA in IIM Indore only?

Bhaskar Das
Darryl ThomasStudied at Indian Institute of Management Indore

At present, IIM Indore is not the only IIM that offers BBA + MBA courses. IIM Indore and IIM Rohtak have been offering the five-year integrated course in MBA for undergraduate students for a few years now.

In 2021, IIM Ranchi, IIM Jammu, and IIM Bodh Gaya also introduced IPM degree courses for students after Class 12. 

The Five Year Integrated Programme in Management (IPM), is a unique program that aims to meet the aspirations of young students to become management professionals. Admission to this program is done through the JIPMAT entrance exam followed by Written Ability Test (WAT) and Personal Interview (PI).

Some more benefits of the course include: 

  • You can save time and money by combining both undergraduate and postgraduate courses.
  • The program builds commercial and management skills for a successful management career.
  • You will learn marketing, finance, operations, strategy, and entrepreneurship.
  • The competitive program requires a written test, personal interview, and academic record.
  • Employers value the program,and alumni work for top Indian and international firms.
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Which are the top branded institutes/colleges/university in India like IIM Indore IPM for doing dual courses of BBA+MBA after 12th Commerce?

Rohini Mishra
Vihaan SharmaIPM from Indian Institute of Management Rohtak (Graduated 2022)

IPM is a five-year integrated management program that combines either a BBA or BMS with an MBA. Students who want to pursue careers in management and leadership after completing their XIIth or higher secondary education can register for these courses. Only students who are certain of their goals and who are interested in management should enroll in this integrated course because, over the course of five years, they will only learn about business management and how to become the ideal manager.
These integrated programs are unique in that they offer dual degree programs as well. A second entrance exam is not required in order to enroll in a graduate program. To enroll in the course, there is only one entrance exam.
The following list includes some of the top IPM colleges in India along with information on how to apply.

  • IIM Indore launched the IPM program in 2011 for young students who wanted to go into management or leadership after finishing their XII classes. The program's learning objectives are broken down into the first three years of the bachelor's program, and the following two years will follow the PG program's curriculum.
  • IIM Rohtak launched the IPM program in 2019 and was successful in quickly filling 150 seats.

IPMAT is the entrance exam for IPM (as opposed to IPMAT for IIMI), and it has a different exam format and scoring system than IIM I. Following WAT and Interviews at designated IIM R locations, the second round is conducted.

  • The oldest existing university is Mumbai University, which is situated in Mumbai, Maharashtra (1857). With 60 seats available for the course, it offers an integrated management program that divides the first three years into a BMS degree and the final two years into an MBA degree.
  • Following the 12th grade, Jindal Global Business School has developed this innovative and distinctive course of an integrated program that includes BBA(Hons)+MBA and lasts for five years. It is a course that equips students with a global outlook through a special approach to learning and communication. 
Choosing a college wisely has become increasingly important, so students should not only pay attention to the college's physical facilities but also to the curriculum it will use for their semesters. This provides students with a clear picture of the courses they will be taking at that specific college. One thing to keep in mind when reviewing the curriculum is that UG courses shouldn't be repeated in PG courses because this would lessen the integrity of the courses and allow students to observe evolution in them.

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What should I prefer, IPM IIM Indore or a B.Tech from IIT/NIT?

Jason JoseIIT Kanpur

For admission to its five-year course, IPM, IIM Indore administers the IPMAT aptitude test (Integrated Program in Management). IIM Indore offers IPM as a dual degree program (bachelor's + master's) for students who have completed the 12th grade. It is a program that enables entry into an IIM immediately following the 12th grade.

IIM offers a much better compensation package than any IIT or NIT. With the exception of a select few, the number of engineers in this group increased significantly.

Consider the following factors before choosing a college:

When it comes to partnerships with businesses and foreign institutions, IIM is the best. This greatly aids a college's growth and ability to improve its placements, ranking, and access to education abroad. 

One of the most significant social influences today is brand, which has an impact on those in your immediate vicinity. IIM Indore has recorded a 6% increase in average salary, which has increased to Rs. 25.01 lakhs per annum in placement 2022 from Rs. 23.6 lakhs per annum last year. The average salary of the top 100 students in the batch has also increased, to Rs. 37.95 LPA from Rs. 33 LPA last year. In Placement 2022, the highest salary was Rs. 49 LPA, compared to Rs. 41.5 LPA the previous year.

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Is IIM Indore’s Integrated Program in Business Analytics any good?

Atul Yadav
Gourav RajProject Manager at OpenText (company) (2016–present)

Choosing a Data Science Program is a difficult task because the market is flooded with these courses. All of the programs are in collaboration with prestigious universities.

The program includes a fantastic combination of IIM Indore. That, however, is no longer a challenge. The best part about Jigsaw is that they always have a listening ear—they are eager to learn about the challenges of the students and are resolved with the same responsibility. Every issue will be addressed and resolved.

The course is good; the more time you spend on it, the more knowledge you will gain. you will never be crippled with content as Jigsaw is having a pretty decent quality of content and is very easy to follow.

All weekend classes will be recorded and made available to you if you want to review the material. The course will walk you through the statistical methodologies and tools used by data scientists for data analysis and modeling.

You have both graded and non-graded assignments. Non-graded for practice and graded for completion of the course. The more you practice, the more confident you will become. You will complete a mini capstone and a capstone project to gain hands-on experience.

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Which course is better: MBA Tech from NMIMS or IPM from IIM Indore?

Sounak Banerjee
Shruti MishraLives in Mumbai, Maharashtra, India

IIM Indore IPM is a better option than an MBA Tech from NMIMS. Being an IIM, it offers better exposure. The academics, faculties, and infrastructure are top-notch. IIM Indore IPM placements have been pretty good over the last few years. According to the recent placement drive, students received an average CTC of INR 22 LPA. 

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Do we need to prepare CAT for the IPM course of IIM Indore?

Barkha TanejaStudied MBA Marketing & Sales, Indian Institute of Management Indore (2010)

For the IPM course of IIM Indore, there is a particular IPM paper that takes place for admission. The format of the paper has changed over the past 3 years. CAT and the IPM exam conducted by the IIM Indore are both different. The format of the IPM paper is as follows:

  • 40 Questions - MCQ Type - 40 minutes (Quantitative Ability) 
  • 20 Questions - Short Answer Type - 40 minutes (Quantitative Ability) 
  • 40 Questions - MCQ - 40 minutes (Verbal Ability) 

Although both CAT and IPM exams are different, the format of both of them is the same. Some short answer-type questions are not MCQ type and are slightly different. Although the maths section is higher than the other section in the exam due to the short answer-type questions, the difficulty level would not be much. The cut-off for Quantitative Ability of the IPM exam is nearly 25-30%, therefore you need to go through a lot of Advanced Mathematics and should practice the CAT level mathematics well. According to the marking scheme, Each correct answer is +4 in the exam, and for the wrong answer, there is -1. This negative marking scheme is not applicable for the short answer questions. 

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Is IIM Indore doing right by adding courses after courses like IPM, Mumbai Campus and now PGP-HRM?

Swati RajStudied at Indian Institute of Management Indore

Courses like IPM and PGP-HRM are bold, outstanding, and pathbreaking. It took great hard work for the decision-makers to start these courses. However, the amount of success for these completely depends upon the intention.

The real question would be, “Why IPM? Why Mumbai Campus? And why opting for HRM course?”. If the answer to all of these questions is “Money” then whether IIM Indore is doing right or not will depend on the number of admissions, fees, and the ROI.

If the answer to your question is “for a good career”, then the success completely depends upon the faculty, facilities, and placements. Even if the intentions are considered to be good, most government bodies do not take the lead and act from the front. 

It is very confusing to say if the students are too ignorant to believe what they see or if the institutions are providing incorrect information

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What are the UG courses in IIM Indore?

Aarogya TiwariStudied at IIM Indore (2019)

You will have a plethora of combinations to choose from. Let me tell you about some of your options:

  • You can think of joining streams like business & management, IT & Software banking, Finance & Insurance, Mass Media, Communication as well as Health Sciences if they pique your fancy.
  • There are a lot of MBA, PGDM, and certificate courses you can enroll into.
  • When it comes to mode of study, you can choose between full-time, part-time, online as well as in class.
  • Your specializations can range from healthcare management, business analytics, investment banking, human resources right up to project management.

So you can pick and choose between a lot of options and see what meets your interest and choose a career path accordingly. 

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Is a 4-year tri city BBA course of SPJ better than a 5-year IPM at IIM Indore?

Charu MalikStudied at Integrated Programme in Management, IIM Indore (2021)

IPM does not offer a BBA degree but you will receive a BA degree for your undergrad coursework (Foundations in Management). The subjects taught at the undergraduate level are vastly different from those taught in any other BBA program. Any decision based on an assumption about the IPM curriculum can land you in big trouble.

Returning to the question, I'm not familiar with the specifics of the four-year Tri-City programme, but I'm sure it entails a lot of learning from an institute like SPJ. 

  • Having said that, IPM and the aforementioned course can be compared on the same scale.
  • Two degrees from IIM Indore (one of which is the regular MBA that other PGP participants are entitled to) is an incredible value that cannot be matched by any other BBA programme in the country. 
  • Other benefits include the environment and opportunities that come with being a student at an IIM.

Comparisons can be made when other IIMs launch courses similar to IPM, which does not appear to be happening anytime soon. Until then, IPM would be a clear winner in terms of undergrad management education. 

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