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This is an archive article published on February 20, 2004

Figuring India

No of IIMs 6 Annual feesRs 1.5 lakhIIM (Ahmedabad) Rs 1.7 lakh IIM (Bangalore) Rs 6 lakh per year: salary of professor on rolls (including P...

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No of IIMs 6

Annual fees

Rs 1.5 lakh

IIM (Ahmedabad)

Rs 1.7 lakh

IIM (Bangalore)

Rs 6 lakh per year: salary of professor on rolls (including PF + medical + leave encashment + gratuity)

Rs 5. 40 lakh/ year: salary of associate professor

Rs 4.60 lakh/yr: salary of assistant professor

(The salaries are same in all IIMs)

The highest starting annual salary of an IIM passout: last year, Rs 14 lakh in India, and $82,000 abroad.

The average starting salary:

Rs 6.20 lakh in India and $75,000 abroad

Lowest starting salary: Rs 4 lakh in India , $70,000 abroad

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184: No of graduates who passed out from IIM-A last year

36: placements abroad

148: placements within the country

98 crore: IIM-A corpus of funds. Rs 8 crore non-plan grants and Rs 2.7 crore planned grant in 2002-03

Rs 3 lakh per year at IIM-A: expenditure on each student

RS 2.5 lakh to Rs 3 lakh per student: other IIMs

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