After Indian Institutes of Management (IIMs) hiked fees ( IIM-B hiked fromRs 2.5 lakh to Rs 4 lakh) , Indian Institutes of Technology (IITs) have approached the government for permission to double annual tuition fees.
“There has been a proposal to raise the fee for some time now.”, said Surendra Prasad, director, IIT Delhi, reported Business Standard.
According to report, directors of all the 7 IITs wrote to the prime minister a month ago requesting higher fees.
Over the next five years, Indian Government proposed to set up 8 new Indian Institutes of Technology(IIT), 7 Indian Institutes of Management(IIM), 14 universities which aim to have world class standards, and 16 central universities in states that do not already have one.
List of State/cities which will have 14 world class universities during the 11th Plan:
Indian Government announced the location of 4 new Indian Institute of Technology (IIT), 6 new Indian Institute of Management (IIM) , part of the 8 IITs and 7 IIMs proposed to be set up under the 11th Five Year Plan.
The list of states where the Centre has decided to locate these prestigious institutions was unveiled by Union minister of human resource development, Arjun Singh.
The Indian Institute of Management, Bangalore, board approved a fee hike from Rs 2.5 lakh to Rs 4 lakh for the year 2008-09.
The new fee structure for IIMB is higher than the other IIMs , which will will make the IIM Bangalore the most costly IIM to study in. On March 26, 2007, the IIM had increased its fees from Rs 1.75 lakh to Rs 2.5 lakh.
A student of India’s premier business school, Indian Institute of Management at Ahmedabad (IIM-A) has recorded the highest-ever international of $360,000 (around Rs 1.44 crore).
The highest international annual salary of Rs 1.44 crore was offered by a company in finance marketing sector to a Post Graduate Programme (PGP) student.
- IIM-A Average domestic salary is Rs 17.85 lakh