IIM-A hikes PGPM fee for 2010-11

The Indian Institute of Management,Ahmedabad,has increased fees for its flagship Post Graduate Programme in Management...

The Indian Institute of Management,Ahmedabad,(IIM-A) has increased fees for its flagship Post Graduate Programme in Management (PGPM) by Rs 50,000 from the year 2010-11,institute director Samir Baura said on Sunday.

Last year we had decided that the fee for PGPM for 2008-09 would be Rs 5.5 lakh and for 2009-10 it would be Rs 6 lakh. The board today decided that the fee for year 2009-10 for the incoming batch will remain the same, Barua said after a meeting of IIM-A Board of Governors here. But for the second year,that is 2010-11,the fee will be Rs 6.5 lakh,an increase of Rs 50,000. So the batch of 2009-11 of the PGPM will be paying a maximum of Rs 12.5 lakhs for the course, he said.

But the fee waiver scheme which we had started last year will continue for the next year. There were 21 students last year who did not have to pay anything at all for the course, Barua said.

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Asked about the rationale behind the hike in the fee,Baura said,With passage of time the cost of teaching goes up. We have to account for increase in the cost of everything. Barua said foreign universities keep on revising their teaching methods and programme. So we too need to continue evolving to compete with them.

Asked if the increase in fees will continue on a regular basis,he said,That we dont know. It will depend on the situation next year. The board will decide next year if there has to be another revision or not,he added.

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