This years hike had been on the cards in view of the additional burden on the institutes coffers on account of implementation of the Sixth Pay Commission recommendations. According to a release issued by IIMA, the fee for the PGP Batch 2010-12 has been revised to Rs 13.7 lakh (Rs 6.6 lakh for the first year and the rest for the second year) as against the existing fee of Rs 12.5 lakh. It includes all costs other than cost of food.
An IIM-A statement maintains that the fee has been arrived at after taking into account the significant increase in costs due to implementation of Sixth Pay Commissions recommendations as well as general rise in operating costs due to high inflation in the economy. The fee is about 9.6% higher than the fee for 2009-11 batch. It goes on to add that IIM-A would continue to provide fee waiver to needy students. In the 2009-10 fiscal, 41 students were educated at IIM-A without any fee. It may be mentioned that other six IIMsKolkata, Bangalore, Indore, Lucknow,Kozhikode and Shillong too are in the process of hiking fees.