IIM Bangalore Scholarship 2024
IIM Bangalore is among the top listed Management Institutes in India followed by IIM Ahmedabad, known for its excellent management education. IIM Bangalore Scholarships are available for meritorious students having insufficient finance due to low family income or other genuine reasons.
There are various forms of financial assistance programmes offered by IIM Bangalore, the Government of India and industries as well.
IIM Bangalore Scholarships: Basic Eligibility Criteria
The students with an annual household income below INR 8,00,000 are eligible to apply for any of the financial aid programmes mentioned further. In addition, students with severe financial difficulties arising from sudden unforeseen circumstances are also considered to avail financial assistance programmes at IIM Bangalore.
IIM Bangalore Courses and Fees
IIM Bangalore Scholarships
Apart from Financial Aid provided on the basis of financial need of students, there are several Merit based or Merit-cum-Need based scholarships for PGP students.
| Name of Scholarship | Scholarship Amount (in INR) |
|---|---|
| IIMB PGP Alumni First Batch (1976) Scholarship | 75,000 + Medallion + Certificate |
| NTPC Scholarship Scheme | 48,000 per year |
| Employment in Social Sector Scholarship | N.A. |
| Aditya Birla Scholarship | 1.75 lakhs per student |
| OPJEMS Scholarship | 1.50 lakh per student |
| Citi Women’s Leader Award | N.A. |
| Societe Generale Global Solution Centre India Scholarship | N.A. |
| Siddhartha Padam Award | 50,000 + Medallion + Certificate |
| Runwal Education Trust Scholarship | 1,00,000 + Medallion + Certificate |
| Hindustan Unilever / T Thomas Scholarship | 1 lakh per student |
| Yes Bank Scholarship | 2 lakhs |
| National Scholarship for Higher Education of Scheduled Tribe | N.A. |
| National Scholarship for Higher Education for Scheduled Caste Students | N.A. |
| Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD) | 2,55,000 per year |
- Scholarships offered by IIM Bangalore
IIMB PGP Alumni First Batch (1976) Scholarship
This scholarship is given to a differently-abled woman student from PGP at IIM Bangalore. The scholarship is set with an objective to support a differently-abled female student (or a differently-abled male student, if there is no eligible female student).
The IIMB PGP Alumni First Batch (1976) Scholarship is activated to keep the memory of the PGP batch of 1976 and their association with the institute. The scholarship includes a reimbursement amount of INR 75,000, a medallion and a certificate.
To know more click here IIM Bangalore Admissions 2024
NTPC Scholarship Scheme
Students who belong to SC/ST/PwD categories and are in their 2nd year of management studies, having passed the first-year examination in one attempt, are eligible for the scholarship. The scholarship amounts to INR 48,000 per year.
Employment in Social Sector Scholarship
This scholarship awards the recipient with one-third of the fees at the end of each year. The award is given for the work contribution made in the social sector for the first three years.
- Scholarships offered by Industries
Aditya Birla Scholarship
This is a merit-based scholarship whose access is given to PGP 1st and 2nd year students. The students who qualify to be in the Top 25% of the batch in second year are allowed to renew their scholarships in the second year. The IIM Bangalore Scholarship Amount for Aditya Birla Scholarships is INR 1.75 lakh per student.
OPJEMS Scholarship
OPJEMS is a merit-based scholarship given to PGP students of 2nd year. The students are selected based upon their academic performance in the first year. Top 10 performers of the second year which is based on their previous year performance are eligible to apply.
The students are filtered on the basis of an online test conducted by OP Jindal Group and 1 student of each academic year is awarded with OPJEMS Scholarship. The scholarship amount is INR 1.50 lakh.
Citi Women’s Leader Award
This is a merit scholarship that covers the 2nd year’s tuition expenses of students being awarded with the Citi Women’s Leader Scholarship Award.
Students are selected on the basis of their 1st year performance and the top 25% of the batch at the end of the first year are awarded with a scholarship amount.
IIM Bangalore nominates the deserving students who are selected on the basis of their Statement of Purpose and subsequent interviews scheduled by Citi-Group.
To know more click here IIM Bangalore Reviews
Societe Generale Global Solution Centre India Scholarship
This is a means scholarship that covers tuition expenses in full. Candidates are selected on the basis of the neediest applicants in the first year and subsequent interviews conducted by Societe Generale.
Siddhartha Padam Award
This scholarship is awarded to a PGP student on the Director’s Merit List and scores the highest CGPA in Economics, Finance & Accounting core courses in the 1st year. The reimbursement amount for Siddhartha Padam Award is a cash prize of INR 50,000, a medallion and a certificate.
Runwal Education Trust Scholarship
This scholarship is given to a PGP student based on a combination of academic performances in the 1st year and the student’s financial need. The scholarship amount is worth INR 1,00,000, and includes a medallion and a certificate.
Hindustan Unilever / T Thomas Scholarship
This is a merit-cum-means scholarship given by a renowned organization named Hindustan Unilever Ltd. (HUL) to 1 PGP student studying in 2nd year. The scholarship amount is worth INR 1 lakh.
For more details click here IIM Bangalore Cutoff
Yes Bank Scholarship
The financial assistance programme by Yes Bank is open to students who are among the top 20 performers as per the admission criteria. Moreover, students who belong to the top 20% of the batch based on the current CGPA and are members of at least one student committee are eligible to apply for these scholarships.
This reimbursement amount offered by Yes Bank Scholarships is worth INR 2 lakh.
- Scholarships offered by the Government of India
National Scholarship for Higher Education of Scheduled Tribe - Ministry of Tribal Affairs Scholarship (ST)
The National Scholarship for Higher Education of Scheduled Tribe is offered to ST students in PGP first year. The scholarship is awarded by the Ministry of Tribal Affairs, Government of India. This is a means scholarship that covers tuition expenses in full.
National Scholarship for Higher Education for Scheduled Caste Students- Ministry of Social Justice and Empowerment Scholarship (SC)
This financial assistance programme is conducted under the Ministry of Social Justice and Empowerment, Government of India. The scholarship is awarded to Meritorious SC students studying in PGP first year. This is a means scholarship that covers tuition expenses in full.
Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD)
A person with disability (having not less than 40% disability) and having a disability certificate issued by any competent medical authority is eligible to apply for these scholarships. This is a means scholarship of INR 2,55,000 per year.
To know more click here IIM Bangalore Faculty
IIM Bangalore Scholarships FAQs
Ques. What scholarships are offered at IIM Bangalore?
Ans. IIM Bangalore offers various financial aid such as IIM Bangalore PGP Alumni First Batch (1976) Scholarship, Aditya Birla Scholarships, NTPC Scholarship Scheme and so on.
Ques. Does the Government of India offer scholarships at IIM Bangalore?
Ans. Yes, there are many scholarship programmes available on the National Scholarship Portal which is offered by the Government of India for SC/ST/ Person with Disabilities (PwD)/ Girls and so on.
Ques. What are the types of scholarships offered by the top industries?
Ans. Top industries like Aditya Birla Group, OPJEMS, Yes Bank, Hindustan Unilever Ltd. and so on offer various scholarship programmes under their name to students with an excellent academic background and low family income.
Ques. What is the minimum eligibility criteria for qualifying for IIM Bangalore Scholarships?
Ans. Students should have an excellent academic background and an annual family income not exceeding INR 8,00,000 to qualify for scholarships at IIM Bangalore.
Ques. What is the unique scholarship offered at IIM Bangalore?
Ans. IIM Bangalore has provided PGP Alumni First Batch (1976) Scholarship to keep in the memory of the PGP batch of 1976 and their association with the institute. These scholarships are meant for differently abled women with an amount of INR 75,000.
Ques. What is the eligibility and reimbursement amount for scholarships offered by Aditya Birla Group of Industries?
Ans. Aditya Birla Group of Industries offers a reimbursement amount of INR 1.75 lakh per student and who have been in 1st year and among the Top 25% of the batch in second year.
Ques. What types of scholarships are offered by IIM Bangalore?
Ans: IIM Bangalore offers various scholarships, including merit-based scholarships, need-based financial assistance, and special scholarships sponsored by corporate entities. The institute provides a range of financial aid options to support deserving students.
Ans. How can I apply for scholarships at IIM Bangalore?
Ans. To apply for scholarships at IIM Bangalore, eligible students usually need to fill out a scholarship application form during the admission process. The specific application process and eligibility criteria are outlined on the institute's official website.
Ques. What is the criteria for merit-based scholarships at IIM Bangalore?
Ans. Merit-based scholarships at IIM Bangalore are awarded based on academic performance, achievements, and other relevant criteria. The specific eligibility requirements for each scholarship may vary, and details can be found in the official scholarship guidelines.
Ques. What is the criteria for need-based scholarships at IIM Bangalore?
Ans. The students who have an annual household income of less than INR 8 lakhs per annum are eligible to apply for the financial aid. The students will be given a financial status score based on four criteria – Annual Gross Household Income, Household Savings, Real Estate Assets, and Other Assets. Based on all these criterias the financial aid will be offered to the students in need.
Ques. Can I apply for more than one scholarship at IIM Bangalore?
Ans. In many cases, students are allowed to apply for multiple scholarships at IIM Bangalore. However the students will be granted with only one scholarship.
Why To Join IIM Bangalore - Reviews & Rating
Most Popular Tags
Likes
- The faculty is highly experienced, Students are given extra classes for chapter which requires special attention
- It has amazing infrastructure, Multiple facilities are available for students like labs, computing systems etc.
Dislikes
- During final year placement some students didnt even get any internship during placement drive.
- As they have less seats the competition is very high.
Fees and Financial Aid:
My total cost for this course was around 25 lakhs (for a total of 2 years) In these 2 years I haven't seen any fee hike. Multiple scholarships are available for caste as I'm in the open category I don't know about scholarships much,
Likes
- Campus life, placements, infrastructure and course
Fees and Financial Aid:
The fee for the course at IIM Bangalore is 2700000 INR currently and if you decide to go for foreign exchange, an additional 800000 INR as the base and then the personal expenses. The ROI of the course is greater than 1 as the average package after final placements is more than 3500000 INR. There are also various merit-based scholarships including the IIM Bangalore Alumni FIrst Batch Scholarship, Aditya Birla Scholarship, OPJEMS Scholarship and EGP merit scholarships. There are also many financial assistance available at the Institute such as IIM B financial aid policy, other need-based scholarships, loans, FPM stipends and grants.
Likes
- Campus life is something I really liked.
- Fests organized were of large scale and national level.
Dislikes
- College admin could become better and should listen to student queries seriously.
Fees and Financial Aid:
Tuition fees are 23 Lakhs for two years which is somewhat on the upward side. Mess and hostel fees are 30,000 per trimester. Usually, the tuition fees are hiked every 2-3 years. Students with family incomes less than 8 lakhs annually are eligible for financial assistance.
Likes
- Campus Life
- Student community
Dislikes
- Placement pressure
- Faculty approach
Fees and Financial Aid:
The fee structure is a sum of 25 lakhs, you will get an immediate loan from banks associated with the college. You can also get pocket money in the loan for expenses. There are many financial aids and scholarships that can be availed.
Likes
- Infrastructure
- Hostel and Mess facilities
Fees and Financial Aid:
The fees are approximately between 4,25,000-4,50,000 per term. There are 6 terms in total for the flagship MBA program. This includes the hostel and mess fees, along with expenses for books, internet, library, and all the other facilities on campus. IIM Bangalore guarantees 100% placements for summer internships as well as final placements.
Likes
- Placements
- Food
Dislikes
- Administration
- Strict rules
Fees and Financial Aid:
Total fees are 2650000 which includes the cost of food and accommodation, the fee generally hikes in 2 years to 1.5 lakhs, and there are multiple scholarships for economically backward students and also for topper students.
Likes
- Campus
- Faculty
Fees and Financial Aid:
The per semester fee is around 4.5 lakhs including the hostel. Total 6 semesters. The total fee is 26.5 lakhs approx Several scholarship opportunities are available if anyone wants to avail. The college provides information about them
Likes
- Campus life
- Aminities
Dislikes
- Visitor restrictions
Fees and Financial Aid:
Fees are 26 lakhs for 2 years but you can avail of the education loan facility, which is easily accessible here. I did take one, but there are various scholarships listed on the website and you can avail yourself as per your eligibility criteria.
Likes
- Peers
- Campus infrastructure
Dislikes
- Academic rigor
- Attendance policy
Fees and Financial Aid:
The approximate fee per trimester are 455000 and there are 6 trimesters. Out of this 30000 is mess fees and 425000 is tuition fees. There are many scholarships based on financial need, academic excellence in the programme etc.
Fees and Financial Aid:
The fee structure is such that annual fees are about 12.25 Lacs and another 1 Lac rupees for hostel & mess fees. Apart from that, there are no intermediate hikes or changes in the fee structure, as well as any additional fee, is not required. The course is a bit on the expensive side, but there are easy loan options available on campus and financial assistance is available from the institute for the needy. The campus placements ensure that every student can easily repay the loan.
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IIM Bangalore: 2 Answered Questions
What is the Mahatma Gandhi National Fellowship offered by IIM Bangalore?
Mahatma Gandhi National Fellowship offered solely at IIM Bangalore aims at offering skills to government officials for implementing various government schemes at district, state, and national levels. The combination of academics with industry experience, the fellowship enables the fellows to train with officials and create a district-level skill development ecosystem. It will target a specific group of young people filled with vigor and ready to uplift the ecosystem in management, entrepreneurship, and public policy.
This 2-year program has been initiated across 75 districts. Graduates within the age bracket of 21-30 can participate and will receive a certificate in public policy and management from the fellows. The program offers INR 50000 in the first year and INR 60000 in the second.
This fellowship is specially designed for those willing to work in the social sector. Don’t commit to this program unless you are 100% sure you won’t regret giving up a corporate high-paying job for this.
What are my chances of getting into IIM Bangalore with 84/68/87, 2 international scholarships and 1 National Scholarship?
One of my friends is an alumnus of IIM Bangalore and here is what he had to say.
If you are a general category student then it will be difficult to get a call back from IIM B. It is difficult to say anything specifically since you have not mentioned your category and whether you have any work experience or not.
It’s good that you have scholarships. However, it does not add anything to your profile. Scholarships don’t feature as eligibility criteria for getting a call from IIM B.
It only takes into account academic credentials, work experience, CAT score, Gender diversity, and category.
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Yes, IIM Bangalore offers students a loan of up to INR 30 lakh.
IIM Bangalore offers scholarships or fee concession to the students who belong to reserved categories and PwD categories. The scholarship or tuition fee waivers can be from 20% to 100%.
IIM Bangalore Scholarships are available for meritorious students having insufficient finances due to low family income or other genuine reasons. There are various forms of financial assistance programs offered by IIM Bangalore, the Government of India, and industries as well. Students with an annual household income below INR 8,00,000 are eligible to apply for any of the financial aid programs mentioned further. In addition, students with severe financial difficulties arising from sudden unforeseen circumstances are also considered to avail of financial assistance programs at IIM Bangalore. There are various scholarships available such as the Ministry of Social Justice and Empowerment Department of Persons with Disabilities (PwD), IIMB PGP Alumni First Batch (1976) Scholarship, NTPC Scholarship Scheme, Aditya Birla Scholarship, OPJEMS Scholarship, Siddhartha Padam Award, Runwal Education Trust Scholarship, etc.
For PGPM the total fee is INR 24.5 Lakhs, For PGPBA the total fee is INR 24.5 Lakhs, For EPGP the total fee is INR 33.96 Lakhs, For PGP the total fee is INR 12 Lakhs. Hostel (dorm) room rent and service charge/term: INR 20000, Students’ mess per month (Veg food): INR 30000, Students staying off-campus but who wish to eat food at the student Hostel mess are required to deposit the amount at hostel office at the beginning of the program: INR 30000. Students opting to stay on campus are expected to strictly abide by the hostel rules of IIMB. If students fail to abide by the hostel rules, they will be penalized according to PGP rules. IIMB does not collect any other student fees such as tuition, library/computer/course material, apart from the above expenses. Any expenses incurred on student activities such as printing and photocopy will be borne by the student. All dues have to be cleared before students leave the campus. Students will have to pay a fine if they damage or do not return the books taken from the library.