Scholarship, Fees & Financing — IFMR

Scholarship, Fees & Financing

MERIT SCHOLARSHIPS

Based on the academic performance (CGPA) during the 2 years, top performers of the class will be given a merit scholarship on the following scale:

First Rank:            Rs. 2 Lakhs

Next 3 students:  Rs. 1 Lakh each

The above will be distributed during the convocation of the outgoing batch.
The award is subject to the student’s compliance with discipline, attendance and other rules and regulation of the institute.

MERIT-CUM-MEANS SCHOLARSHIP [Up to 10% OF STUDENTS]

IFMR GSB desires that a meritorious student shall not be denied management education for want of financial ability.

A few students, though eligible to pursue MBA at IFMR GSB, may stay away due to their inability to pay the cost due to low income of parents or inability to give collateral security towards the full educational loan amount from a bank. Students who have a family income of less than Rs. 11 lakhs per annum and with no facility to offer collateral for the education loan are likely to fall in this category.

Among these students (who have a family income of less than RS.11 Lakhs per year and not able to offer a collateral security for the full loan), the top 10% of students in terms of CGPA at the end of first year, subject to a minimum CGPA of 3.00 at the end of first year, will be eligible for Merit Cum Means Scholarship.

The awardees of Merit cum Means scholarship may be required to put in up to 200 hours of work for the Institute, over the course of the second year.

The award is subject to the student’s compliance with discipline, attendance and other rules and regulations of the institute.

IFMR GSB reserves the right to revisit and modify these incentives as deemed fit by competent authorities.

Fees:
The total fee is Rs.12.00 lakhs for the two years. The fee covers tuition, books & materials, library membership, examination fee, and IT charges.  The fee does not cover a Laptop and applicants are required to bring their own Laptop at their own cost. Given below is the schedule for payment of the fees.

a) Admission cum first installment fee   Rs. 3,00,000/-
b) Refundable Caution Deposit                Rs. 50,000/-
Both payable in March 2019 / April 2019 against offer of admission
c) Second installment fee during November 2019   Rs. 5,00,000/-

d) Third & final installment – June 2020                   Rs. 4,00,000/-

Living expenses will be extra and it is estimated that the boarding & lodging would together be approximately Rs.1,20,000/- per annum. For the first year, this is to be paid at time of registration at our campus in June 2019. For the 2nd year, it is payable in June 2020 while checking into the hostel.

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