Indian Institute of Management Bangalore

#57 QS World University Rankings (Global MBA)📍 Bengaluru, Karnataka

Indian Institute of Management Bangalore Scholarship 2026 Financial Aid, Merit & Category Scholarships

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Avg Package

35.35 LPA

Batch 2026 (PGP and PGPBA 2024-26 batch)

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Institute Type

Public

Accredited

📚

Total Courses

5 Courses

Approved Curriculum

The two-year PGP at IIM Bangalore costs Rs. 26 lakh in programme fees for the 2026-28 batch, and the institute states that its financial aid policy aims to ensure that no student is deprived of education for financial reasons. Students can apply for need-based aid, merit scholarships and government scholarships, and each has its own documents and deadlines.

Scholarships & Financial Aid

Information regarding scholarships and financial aid opportunities provided by the institute.

Available Scholarships

Scholarship Name	Eligibility Criteria	Award Amount
Employment in Social Sector Scholarship	Graduates working in the social sector after the programme	One-third of fees reimbursed after each of the first three years of work
Government scholarships for ST, SC and PwD students	Ministry of Tribal Affairs (ST) and Ministry of Social Justice and Empowerment (SC and PwD) schemes, PGP first year	Full tuition for ST and SC (means-based); Rs. 2,55,000 per year for PwD
IIMB Financial Aid (need-based)	All PGP students with annual household income below Rs. 8,00,000, assessed through a financial status score and a faculty panel interaction	100%, 80%, 60%, 40% or 20% financial aid
OPJEMS Scholarship	Merit-based, PGP second year; top ten first-year toppers may apply and one student is selected through an online test	Rs. 1.50 lakh
Aditya Birla Scholarship	Merit-based, PGP first and second year; renewal for top 25% of the batch	Rs. 1.75 lakh per student
NTPC Scholarship Scheme	SC/ST/PwD students in second year who passed first year in one attempt	Rs. 48,000 per year

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Scholarships and Financial Aid at IIM Bangalore

Need-based financial aid

All PGP students with an annual household income below Rs. 8,00,000 can apply for financial aid, and students facing severe financial difficulty due to sudden circumstances are also considered. A committee gives each applicant a financial status score based on household income, savings, real estate and other assets, and some students are called for a faculty panel interaction. Aid of 100, 80, 60, 40 or 20 percent is awarded based on the weighted score.

Merit and category scholarships

Aditya Birla Scholarship of Rs. 1.75 lakh per student for first- and second-year students, renewable for the top 25 percent of the batch
OPJEMS Scholarship of Rs. 1.50 lakh for a second-year student chosen through an online test among the top ten toppers
NTPC Scholarship Scheme of Rs. 48,000 per year for SC, ST and PwD students in the second year
Employment in Social Sector Scholarship, which reimburses one-third of fees after each of the first three years of social-sector work
Ministry of Tribal Affairs scholarship for ST students and Ministry of Social Justice and Empowerment scholarship for SC students, which cover tuition in full as means-based schemes
Scholarship for persons with disabilities of Rs. 2,55,000 per year for candidates with at least 40 percent disability

Alumni scholarships are also awarded on the day of the PGP inauguration and during the programme, including awards linked to the first batch of 1976, the class of 1989, the 1998 batch for differently abled students and several named scholarships. Students can also apply for state government scholarships through the financial aid and scholarship office.

Students should plan for the whole cost. Besides the Rs. 26 lakh programme fee, a refundable caution deposit of Rs. 30,000 is paid at registration, and a mess advance of Rs. 30,000 is paid each term. Looking at the 2026 median CTC of Rs. 34.75 LPA can help students judge how quickly an education loan may be repaid, and the PM-Vidyalaxmi portal offers a route to apply for such loans.

Compare aid with the fee structure and see eligibility on the admission page.