Which IIM has the lowest fees for MBA?
IIM Sambalpur, Amritsar, and Visakhapatnam are the three IIMs with the lowest fees, around INR 15-18 lakhs, to pursue an MBA course. Check out the detailed breakdown of the latest fee structure of the top IIMs the article.
The most popular and sought-after management colleges in the country are the Indian Institutes of Management (IIMs), which provide international standards of education and placement. Nevertheless, the fee structure itself is an important factor to potential students, and there exists a large difference between the old IIMs and the recent ones. The newer, or baby IIMs, including
IIM Sambalpur
, IIM Sirmaur, and
IIM Visakhapatnam
, charge lesser fees, at around INR 15 lakh. The other newer IIMs are IIM Shillong, IIM Raipur, IIM Bodh Gaya, IIM Ranchi, and IIM Kashipur, charging between INR 16 lakh and INR 18 lakh. Government funding of these institutes has given them a competitive advantage and provides them with comparatively cheap learning with a steady rise in their learning and placement rates.
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IIMs with Lowest Fees for MBA
The top three IIMs that have the lowest fees for MBA are IIM Sambalpur, IIM Visakhapatnam, and IIM Amritsar. Check the comparison between the fees of the IIMs with the lowest fee below.
IIM Sambalpur MBA Fee Structure
The fee for IIM Sambalpur has been provided below in the table:
Fee Head | Amount | Instalment 1 | Instalment 2 | Instalment 3 |
Tuition Fee | INR 7,00,000 | INR 2,50,000 | INR 2,25,000 | INR 2,25,000 |
Hostel Fee | INR 2,25,000 | INR 75,000 | INR 75,000 | INR 75,000 |
Course Fee (Tuition + Hostel) | INR 9,25,000 | INR 3,25,000 | INR 3,00,000 | INR 3,00,000 |
SAC Activity Charges | INR 25,000 | INR 25,000 | - | - |
Placement Facilitation Charges | INR 25,000 | INR 25,000 | - | - |
Mess Charges | INR 63,000 | INR 21,000 | INR 21,000 | INR 21,000 |
Alumni Charges | INR 5,000 | - | - | - |
Refundable Caution Deposit | INR 20,000 | INR 20,000 | - | - |
Grand Total | INR 10,58,000 | INR 4,16,000 | INR 3,21,000 | INR 3,21,000 |
IIM Visakhapatnam Fee for MBA
The fee structure for IIM Vishakhapatnam has been provided below in the table:
1st Instalment | 2nd Instalment | 3rd Instalment | 4th Instalment | 5th Instalment | 6th Instalment |
As per the date indicated in the Admission Offer Letter | Mar-2026 | Jun-2026 | Sep-2026 | Dec-2026 | Mar-2027 |
INR 1,80,000 | INR 2,10,000 | INR 2,00,000 | INR 2,00,000 | INR 2,00,000 | INR 2,00,000 |
Total | INR 11,90,000/ | ||||
IIM Amritsar Fee for MBA
The fee structure for IIM Amritsar has been provided below in the table:
Fee Component | 2024-25 (1st Year) | Term 1 | Term 2 | Term 3 | 2025-26 (2nd Year) | Term 4 | Term 5 | Term 6 |
Tuition | INR 7,00,000 | INR 2,50,000 | INR 2,25,000 | INR 2,25,000 | INR 7,00,000 | INR 2,50,000 | INR 2,25,000 | INR 2,25,000 |
Academic Support | INR 1,88,000 | INR 68,000 | INR 60,000 | INR 60,000 | INR 1,88,000 | INR 68,000 | INR 60,000 | INR 60,000 |
Hostel | INR 45,000 | INR 15,000 | INR 15,000 | INR 15,000 | INR 45,000 | INR 15,000 | INR 15,000 | INR 15,000 |
Student Activities & Health | INR 17,000 | INR 7,000 | INR 5,000 | INR 5,000 | INR 17,000 | INR 7,000 | INR 5,000 | INR 5,000 |
Annual Total (Excluding Deposits) | INR 9,50,000 | INR 3,40,000 | INR 3,05,000 | INR INR 3,05,000 | INR INR 9,50,000 | INR 3,40,000 | INR 3,05,000 | INR 3,05,000 |
Caution Deposit | INR 50,000 | INR 50,000 | - | - | - | - | - | - |
Mess Deposit | INR 75,000 | INR 25,000 | INR 25,000 | INR 25,000 | INR 75,000 | INR 25,000 | INR 25,000 | INR 25,000 |
Total Payment Amount | INR 10,75,000 | INR 4,15,000 | INR 3,30,000 | INR 3,30,000 | INR 10,25,000 | INR 3,65,000 | INR 3,30,000 | INR 3,30,000 |
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Institute Wise IIM Fee Comparison for MBA Admission
Check the overall comparison between the fees of all IIMs in the table below:
Name of the IIM | Approx. Fees for MBA |
IIM Sambalpur | > INR 10 lakhs |
IIM Visakhapatnam | > INR 11 lakhs |
IIM Amritsar | > INR 20 lakhs |
> INR 20 lakhs | |
> INR 18 lakhs | |
> INR 16 lakhs | |
> INR 17 lakhs | |
> INR 18 lakhs | |
> INR 18 lakhs | |
> INR 20 lakhs | |
| > INR 20 lakhs | |
| > INR 21 lakhs | |
| > INR 23 lakhs | |
| > INR 23 lakhs | |
| > INR 25 lakhs | |
| > INR 26 lakhs | |
| > INR 26 lakhs |
Note: The approximate fee may vary, as it does not include the exact fee structure from the institutions.
Conclusively, the fee at tier IIM is still high because of the quality of education and infrastructure; the new IIM offers cheaper alternatives with potential quality and placements growth. It is advisable that the candidates take into consideration the fees, as well as the general percentage of returns on investments (ROI) in terms of placements, faculty, curriculum and peer environment whilst selecting their management objectives without excessive financial strain.
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