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Tue, 25th Mar 2008  New Delhi: Indian Institute of Management, Bangalore on Tuesday hiked its fees from Rs 2.5 lakh to Rs 4 lakh per annum for the 2008 batch.
The fee for students joining in 2009 would Rs 5 lakh. The reason cited for the hike is to “cover up costs”, as the IIM-B spends close to Rs 5 lakh on each student.
IIM-B is also planning to significantly increase its faculty strength in the coming years.
The number of full-time faculties in IIM-B presently stands at 85, which will go up to 120 in the next three years, of which three new additions will be made this year. Besides, the management school has about 33-odd visiting faculties.
Recently at the institute, 256 students were placed in a record three days with a 133 of them taking up plum international jobs.
Global firms like Caterpiller, John Deree, ING Asia and Oliver Wyman came to recruit students on campus.
"The way the GDP is supposed to grow, Real Estate looks a promising sector. The Blackstone Group has just entered into India and they have got a three-member team. So it's a small team to work in and it will mean a lot of learning," says IIM Bangalore student Abhishek Agarwal, who was recruited by the Blackstone Group.
The numbers certainly don't reflect the market gloom though recruiters are voicing concerns of a looming recession in the US, and that's giving the IIM management sleepless nights.
"All the companies I have talked to say that they see the conservatism stepping in. The difference between last year and this year is that while this year our numbers are better. But from the recruiters’ point of view, the exuberance that was there last year, I haven't seen it this time,” says Placement Chairperson of IIM Bangalore, Sourav Mukherji.  | 
