Why does IPM by IIM Indore have a very high fee structure?
IIMs are a set of highly prestigious management colleges in India. They are the best in the country as per various rankings like QS (global) and NIRF (national).
Their academics is top notch, and their curriculum covers all the important aspects of management studies. Also, the placements of IIM Indore are top notch. To ensure the smooth running of their administration, the IIMs tend to charge hefty amounts for their courses.
On top of all this, upon clearing the IPMAT, one is spared from giving CAT. Plus, for the next 5 years, one gets to study management from some of the most qualified teachers, under the IIM Indore brand name.
These can be some of the reasons why the IPM course at IIM Indore has such a high fee.
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The two parameters that majorly contribute to the high course fee of IIM Indore IPM are as follows.
- Academic Expenditure - Institute/faculty/learning resources/facilities
- Extensive research infrastructure
Although IIM Indore IPM fees are high, the return on investment is worth the expenditure. The opportunities this course offers are immense. As a student of IPM, you will get to learn management skills from the best-in-class faculties. IPM students are given exposure on an international level. IIM Indore placements are great for IPM. According to recent placement highlights, the highest CTC offered for the branch is around INR 50 LPA. While the average CTC for IPM is INR 22.92 LPA.
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Yes, you are right IPM fees are surely high and as a student, you will think a couple of times before making a decision on going ahead with the course. But, let me tell you that these are fully justified. Here are some of the reasons why:
- Unique course: The program is one of its kind and IIM Indore was the first to start offering it. As of now, 5 batches have graduated from it. You will also get the brand name with it.
- Tested and Proven course curriculum: As a student, you will surely appreciate the course curriculum and it keeps evolving as the years pass. This makes it a very likable program for pursuing MBA in the future.
- Campus Life: You will have the opportunity to interact with seniors and MBA aspirants. You will get to learn a lot from them. Overall, the campus is very well developed and quite popular among students, parents, and professionals.
- No stress for Post graduation: You will find the biggest advantage here. You will not have to complete your post-graduation. You will make entries into IIM directly at the graduation level so you will be focused on your career. Because of this, there will be no stress post-graduation.
- Miscellaneous: If you qualify for IPMAT, you are automatically a part of IIM. You will also not have to give CAT and you will be trained by industry experts for five years or so.
Yes, the fees are high but you will also get returns on the amount you pay. You will be a well-rounded individual by the time you are done with the course. So the benefits are quite good too. You will do well later on and be able to make the money back.
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