The Indian Institute of Management, Ahmedabad, on Saturday announced a quantum jump in its fees structure raising it from the present Rs. 2.5 lakh per annum to Rs. 5.5 lakh per annum for the first year and Rs. 6 lakh for the second year of the two-year post-graduate programme in management.
The decision was taken at the annual meeting of the Board of governors of the IIM-A held here on Saturday just before its 43rd annual convocation later in the evening addressed by the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia.
The decision was taken at the annual meeting of the Board of governors of the IIM-A held here on Saturday just before its 43rd annual convocation later in the evening addressed by the Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia.
Despite reports that both the Central and the State government nominees on the IIM-A Board were opposed to such astronomical rise in fees at one go, a spokesman of the IIM-A claimed that the fee hike decision was “unanimous.” The spokesman claimed that the government nominees were present at the Board meeting and agreed to the proposal.
