The Hindu Business Line : IIM-A to hike fees by 12 pc

The Indian Institute of Management, Ahmedabad (IIM-A) has announced a 12 per cent increase in its fees for the two-year Post-Graduate Programme in Management.

"The IIM-A has decided to hike its fees for PGP by 12 per cent. The Institute's board of directors has decided to increase the fees for the PGP courses from Rs 1.58 lakh per annum to Rs 1.77 lakh," the IIM-A Chairman and Infosys Chief Mentor, Mr N. R. Narayana Murthy, said here on Sunday.

Board meeting held

Students from the lower income groups will, however, not be affected by the fee hike as IIM-A will increase the scholarships for such students, he told reporters after the institute's board met ahead of the convocation on Sunday evening where Mr M.S. Banga of Hindustan Lever Ltd was the chief guest.

IIM-A has hiked its fees at a time when the other IIMs have also announced an increase in the cost of education at the premier institutes. IIM-A had earlier said that the institute spends over Rs 3.5 lakh per student but the fees are cross-subsidised through several means that includes placement charges collected from the companies who recruit from the campus.

Mr Murthy also launched the one-year `Post Graduate Programme for Executives' (PGPX) course at IIM-A that has been started from the new academic session and caters to mid-career executives trying to get a management qualification.

New course

"The course should turn out to be a win-win situation for both the students and the institute. While the students admitted to the first batch would get a chance to hone their skills to face bigger challenges when they go back to the field, their valuable work experience would enrich the institute and the faculty during interaction and discussion on case studies in specific areas," he said.

The new batch of PGPX course consists of 61 students with varied levels of experience and even has a couple of defence services officers who have signed up for the programme.

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