Fees for post-graduate programmes at the Indian Institute of Management, Calcutta (IIM-C), would be hiked from Rs. 13.5 lakh to Rs. 16.2 lakh from the academic year 2014-16, said Director Saibal Chattopadhyay on Saturday. The last time tuition fees were hiked was in 2010, he added. The Institute held its 49th convocation here.
“We are trying to bring the fee structure at par with IIM-Ahmedabad and IIM-Bangalore,” said the chairperson of the board of governors, Ajit Balakrishnan.
Living up to its title of the finance campus of India, Prof. Chattopadhyay said, the Institute saw the highest number of pre-placement offers from four top consulting firms, in the management consulting domain across all IIMs.
The Institute provided scholarships worth Rs. 4.10 crore to students whose family income was below Rs. 5 lakh per annum.
Prof. Chattopadhyay said that as many as 384 students received the post-graduate diploma in management.
During an interaction with journalists, Mr. Balakrishnan said 15 per cent of the surplus revenue generated annually was mostly utilised on upgrading the infrastructure of the Institute.
Debuting in the Financial Times Global Rankings Survey for Masters in Management programmes this year, IIM-C ranked within the top 20 management programmes in the world. The Institute, at the 19th slot, ranked above renowned institutions like the London School of Economics.
The convocation saw Arundhati Bhattacharya, chairperson of the State Bank of India, attending as the chief guest.
Sharing with the students the checklist of a winner, Ms. Bhattacharya said creativity, communication and compassion are needed to face every challenge with courage.
“Successfully passing out is testimony to your innate talent and higher cognitive abilities. These credentials will ensure a great future in terms of material and intellectual achievement,” she said.
She also reminded the students of their responsibility to pay back to the society and make it more equitable and harmonious.
