Getting admission to an IIM BLACKI institute is a major milestone for MBA aspirants, but the cost of an IIM education can also be a significant consideration. MBA scholarships and financial assistance can help eligible students reduce this financial burden. The data for the last three years shows that the combined intake across IIM Ahmedabad, Bangalore, Calcutta, Lucknow, Kozhikode and Indore increased from 3,329 students in 2022-23 to 3,443 in 2024-25. The number of students placed also increased during the period, reaching 3,368 in 2024-25. At the same time, the median salary rose to Rs. 31.01 lakh. The table below provides a three-year overview of the student intake, admissions, graduation, placements, and median salary across the IIM BLACKI institutes.
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IIM | Major scholarship types | Need-based aid | Government scholarships | Corporate/alumni scholarships |
IIM Ahmedabad | Need, merit, category, alumni, corporate | Yes | Yes | Yes |
IIM Bangalore | Need, merit, category, exit | Yes | Yes | Yes |
IIM Calcutta | Need, merit, government, corporate | Yes | Yes | Yes |
IIM Lucknow | Need, merit, government, corporate | Yes | Yes | Yes |
IIM Kozhikode | Need, merit, government, corporate | Yes | Yes | Yes |
IIM Indore | Need-based, category-linked assistance | Yes | As applicable | Institute-listed awards |
Here is the number of students who got into BLACKI IIMs in the past three years. The cumulative intake of the 6 top IIMs was around 3,443 in 2024-25, while around 3,436 students were admitted and 3,393 students graduated from BLACKI institutes. Moreover, 3,368 students were placed, excluding the 25 students who opted for higher studies, making the cumulative placement rate 100% and the median package Rs. 31,01,833. Check the table below for more details.
Field | 2022-23 | 2023-24 | 2024-25 |
Intake | 3,329 | 3,327 | 3,443 |
Admitted (1st Year) | 3,265 | 3,305 | 3,436 |
Graduated | 3,221 | 3,285 | 3,393 |
Placed | 3,202 | 3,273 | 3,368 |
Higher Studies | 19 | 12 | 25 |
Placement % | 100% | 100% | 100% |
Placement % Against Graduated | 99.41% | 99.63% | 99.26% |
Placement % Against Admitted | 98% | 99% | 98% |
Median Salary | Rs. 29,89,500 | Rs. 29,33,333.33 | Rs. 31,01,833.33 |
IIM Ahmedabad offers several scholarships and financial assistance schemes for students enrolled in its postgraduate programmes. The available support covers different categories, including need-based assistance, category-based scholarships, merit awards, alumni-funded scholarships, and corporate scholarships. Students from economically challenged backgrounds can apply for need-based support, while separate schemes are available for SC/ST students and students with disabilities. There are also scholarships for students pursuing entrepreneurship, not-for-profit careers and doctoral studies. Corporate scholarships such as those offered by Aditya Birla Group, OP Jindal, and HUL provide additional opportunities based on merit and other eligibility conditions. The table below lists the major scholarships, their MBA scholarship eligibility criteria, and the financial benefits mentioned in the available data.
SCHOLARSHIPS & FINANCIAL ASSISTANCE | |||
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
IIMA Special Need-Based Scholarship (SNBS) | Institute - need-based | Gross annual family income below Rs. 15,00,000; open to PGP & PGP-FABM students | Amount assessed case-by-case (family assets, dependents, loan taken, etc.) |
SC/ST Scholarship | Institute - category-based | All SC/ST postgraduate students | Rs. 150/month for 10 months |
Exit Scholarship - Entrepreneurship | Institute - exit scheme | 2 students/batch, opting out of placement with a business plan; up to 3 consecutive years | Rs. 30,000/month stipend |
Exit Scholarship - Not-for-Profit careers | Institute - exit scheme | 2 students/batch joining NGOs; up to 3 consecutive years | Rs. 3-4 lakh/year/student |
Exit Scholarship - Doctoral Studies | Institute - exit scheme | 2 students/batch pursuing PhD in India/abroad; up to 3 consecutive years | Rs. 3-4 lakh/year/student |
SC/ST Central Sector Scheme (Top Class Education) | Government of India | Meritorious SC/ST students; family income ≤ Rs. 4,50,000 | |
Minority Welfare Scholarship (Merit-cum-Means) | Government of India | Minority-community students; family income ≤ Rs. 2,50,000 | |
Scholarship for Students with Disabilities (Top Class Education) | Government of India | DA/PwD students; family income ≤ Rs. 6,00,000 | |
PGP Alumni Endowment Funds | Alumni | 9 PGP-I & PGP/FABM-II students/year from economically/socially challenged backgrounds; screened via SNBS | Rs. 2-3 lakh/student |
Class of PGP 2001 - Peri Viswanath Scholarship | Alumni | 1 student; merit-cum-means (1st-year performance + family income ≤ Rs. 15,00,000) | Rs. 2 lakh/year (Rs. 4 lakh over 2 years) |
Shri G.C. Mital Entrepreneurship Aid | Alumni | 1 graduating student starting own venture; education loan ≥ Rs. 1,00,000; family income ≤ Rs. 8,00,000 | Rs. 2 lakh (one-time, at convocation) |
Smt. J. Nagamma Memorial Award | Alumni - merit | 1 PGP-I student, academic merit | Rs 15,000 |
Aditya Birla Group Scholarship | Industry/Corporate | 3 meritorious PGP-I & PGP-II students; selection by Aditya Birla Group | Rs. 1,75,000/student/year |
Dunia Scholarships for Scholastic Excellence | Industry/Corporate | 2 scholarships each to PGP-I and PGP-II; merit-based | Rs. 1,00,000/scholarship |
OP Jindal Engineering & Management Scholarship (OPJEMS) | Industry/Corporate | 1-2 PGP-II students; academic performance + online test + interview | Rs. 1,50,000/student/year |
T. Thomas Scholarship (HUL) | Industry/Corporate | 1 PGP-II student; merit-cum-means | Rs. 1,00,000/year |
* Total support a student may draw is capped at actual yearly expenses (programme fees plus boarding, lodging and personal expenses); students receiving external scholarships must inform the Admissions Office.
IIM Ahmedabad offers programs like PGP (2-yr flagship MBA), PGP-FABM (Food & Agribusiness Management), PGPX (1-yr Executive MBA), and Fellow Programme in Management (FPM, doctoral), while the IIM Ahmedabad MBA fee is Rs. 27.5 lakh (2 years, batch-dependent) and for PGPX is Rs. 34.5-37.1 lakh (1 year, housing-dependent).
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 904 | |
State & Central Government | 80 | 8.85% |
Institution Funds | 19 | 2.10% |
Private Bodies | 25 | 2.77% |
IIM Bangalore provides a range of scholarships and financial assistance options designed to support students based on financial need, academic merit, social category, and career choices. Its Need-Based Financial Aid can provide assistance ranging from 20% to 100% of tuition fees, depending on the student's assessed need. Government scholarships also support eligible SC, ST, and PwD students, including schemes that can cover full tuition fees in specified cases. In addition, students can access corporate scholarships such as the Aditya Birla Scholarship and OPJEMS based on merit and specified selection criteria. IIM Bangalore also offers an employment-in-social-sector scholarship for graduates choosing social-sector careers. The table below summarises the key scholarships, eligibility conditions, and benefits available under the listed schemes.
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need-based Financial Aid | Institute - need-based | Annual household income below Rs. 8,00,000 (or sudden financial hardship); two-stage income score + interview assessment | 20% / 40% / 60% / 80% / 100% of tuition fee, tiered by need score |
Aditya Birla Scholarship | Merit | PGP-I and PGP-II; 2nd-year renewal needs top-25% standing in Year 1 | Rs. 1,75,000/student |
OPJEMS Scholarship | Merit | PGP-II; top 10 based on Year-1 CGPA, online test by OP Jindal Group | Rs. 1,50,000 |
NTPC Scholarship Scheme | Merit-cum-category | SC/ST/PwD, PGP-II, cleared Year 1 in one attempt | Rs. 48,000/year |
Employment in Social Sector Scholarship | Exit scheme | Graduates joining the social sector; reimbursed yearly for first 3 years | 1/3rd of programme fee reimbursed per year of social-sector work |
Ministry of Tribal Affairs Scholarship (ST) | Government of India | ST students, PGP-I, means-tested | Full tuition-fee coverage |
Ministry of Social Justice & Empowerment Scholarship (SC) | Government of India | Meritorious SC students, PGP-I, means-tested | Full tuition-fee coverage |
Dept. of PwD Scholarship (Ministry of Social Justice) | Government of India | ≥40% disability with valid certificate | Rs. 2,55,000/year |
Alumni Scholarships (11 named awards)* | Alumni | Varied - CGPA rank lists, DAP/diversity candidates, means-only, entrepreneurship coursework, etc. | Varies by award; awarded at PGP inauguration/orientation |
* The 11 named alumni scholarships include the Siddharth Padam Scholarship, IIMB PGP Alumni First Batch (1976) Scholarship, Runwal Educational Trust Scholarship, Srimati Saraswati Kulkarni Prize, Ubuntu Scholarship, Nitin Agarwal Scholarship, Deepankar Khiwani Scholarship, PGP Class of 1989 Scholarship, Smt Parvathi & Sri Vedula Krishnamurthy Scholarship, PGP 1998 Batch Scholarship, and Parameshwara Iyer Award - each with its own CGPA/means/diversity criterion.
IIM Bangalore offers diverse courses from PGP (2-yr flagship MBA), PGPBA (Business Analytics), PGPEM (2-yr, for working professionals), EPGP (1-yr Executive MBA), PGPPM (Public Policy), PhD, and UG: BBA (Digital Business & Entrepreneurship), BSc (Economics / Data Sciences). Moreover, the IIM Bangalore PGP fee is around Rs. 26,00,000 (2 years) + Rs. 30,000 caution deposit, excluding mess advance of Rs. 30,000/term.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1206 | |
State & Central Government | 88 | 7.30% |
Institution Funds | 9 | 0.75% |
Private Bodies | 6 | 0.50% |
IIM Calcutta offers financial assistance through a combination of institute-level support, merit-based awards, corporate scholarships, government schemes, and CSR initiatives. One of the major forms of support is the Need-Based Financial Assistance, which is available to eligible students irrespective of caste or creed, and had Rs. 3.47 crore disbursed to deserving students in the academic year 2024-25, according to the data provided. Students can also receive merit prizes during the first and second years, along with scholarships sponsored by organisations such as Aditya Birla Group, IDFC First Bank, HUL and OP Jindal. Government schemes provide additional support to eligible SC, ST, OBC, EBC, DNT and PwD students. The table provides details of the major scholarships and their eligibility criteria.
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need-Based Financial Assistance (NBFA) | Institute - need-based | Open to all students irrespective of caste and creed who meet eligibility criteria and apply through due process (exact income slab not published) | Rs. 3.47 crore disbursed to deserving students in AY 2024-25, per the Institute's Annual Report |
First-Year Merit Prizes (Prize Distribution Day) | Institute -merit | Top-ranked MBA 1st-year students; includes B.P. Poddar Merit Scholarship, BPL Prize, T.T. Krishnamachari Award, Institute's Prize, Damodar Valley Corporation Prize, P.R. Karthik Scholarship, Central Bank of India Prize, Aditya Kashyap Scholarship | Award-specific; funded from dedicated endowments (e.g. P.R. Karthik Scholarship fund closing balance Rs. 0.64 crore, FY 2024-25) |
Second-Year Convocation Medals & Prizes | Institute - merit | Top-ranked MBA 2nd-year students; includes Dr. B.C. Roy Memorial Gold & Silver Medals, Chairman's & John Wynne Prize, ABC India Ltd. Award, Balmer Lawrie Award, B.S. Dua Memorial Prize, Calcutta Management Association Prize, and others | Award-specific |
Aditya Birla Scholarship | Industry/Corporate | Merit-based; 2 students (61st batch) awarded in AY 2024-25 | As per sponsor terms |
IDFC First Bank MBA Scholarship | Industry/Corporate | Merit-based; 3 students awarded in AY 2024-25 (1 from 60th batch, 2 from 61st batch) | As per sponsor terms |
HUL T. Thomas Scholarship | Industry/Corporate | Merit-cum-means; 1 student (61st batch) awarded in AY 2024-25 | As per sponsor terms |
HUL P.M. Sinha Scholarship | Industry/Corporate | Merit-based; 1 student (60th batch) awarded in AY 2024-25 | As per sponsor terms |
OP Jindal Engineering & Management Scholarship (OPJEMS) | Industry/Corporate | Merit-based; 1 student (61st batch) awarded in AY 2024-25 | As per sponsor terms |
Rajarshi Sahu Maharaj Merit Scholarship | State Government (Maharashtra) | Merit-based, per state scheme criteria | As per Government of Maharashtra norms |
Central Sector Scholarship for Top Class Education (SC) | Government of India | SC-category students, per Ministry of Social Justice & Empowerment norms | As per Ministry norms |
National Fellowship & Scholarship for Higher Education of ST Students | Government of India | ST-category students, per Ministry of Tribal Affairs norms | As per Ministry norms |
Scholarship for Top Class Education for Students with Disabilities | |||
PM YASASVI Central Sector Scheme (OBC/EBC/DNT) | Government of India | OBC, EBC and De-notified Tribes (DNT) category students in top-class colleges | As per scheme norms |
"Students Scholarship at IIM Calcutta" | Institute CSR initiative | CSR initiative of IIM Calcutta Innovation Park | Dedicated fund; closing balance Rs. 0.13 crore, FY 2024-25 |
IIM Calcutta offers courses like MBA / PGP (2-yr flagship), MBAEx / PGPEX (1-yr Executive MBA), PGPEX-VLM (Visionary Leadership in Manufacturing), PGDBA (Business Analytics, jointly with IIT Kharagpur & ISI Kolkata), CEMS MIM, and PhD / Executive PhD. In addition to this, IIM Calcutta MBA fees is around Rs. 27,00,000 (2 years, domestic; includes hostel & mess), while Rs. 57,20,000 for NRI category candidates.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1059 | |
State & Central Government | 33 | 3.12% |
Institution Funds | 21 | 1.98% |
Private Bodies | 0 | 0.00% |
IIM Lucknow provides multiple scholarship opportunities to help eligible students manage the financial cost of pursuing an MBA. Its Need-Based IIML Scholarship is open to students regardless of caste, creed, gender, or religion, with eligibility determined through financial need and academic performance. In 2024-25, the institute awarded 91 such scholarships, including 38 to first-year students and 53 to second-year students. Students can also benefit from corporate scholarships offered by IDFC First Bank, Aditya Birla Group, Central Bank of India, Apeejay and OPJEMS. Additional opportunities include the Amrit Kala Dayal Scholarship for girl students and the Class of 1993 Scholarship. Government scholarships are also available for eligible SC, ST, OBC and PwD students through the National Scholarship Portal.
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need-Based IIML Scholarship (Financial Assistance Scheme, est. 1993-94) | Institute - need-based | Any student regardless of caste/creed/gender/religion; family-income slab announced post-admission; based on need and academic performance | 38 scholarships awarded to 1st-year students and 53 to 2nd-year students in AY 2024-25 (91 total); term-wise disbursal, no auto-renewal, one scholarship per student |
IDFC First Bank MBA Scholarship | Industry/Corporate | Merit-based; 5 students awarded in AY 2024-25 | As per sponsor terms |
Aditya Birla Scholarship | Industry/Corporate | Merit-based; 2 students awarded in AY 2024-25 | As per sponsor terms |
Central Bank of India Scholarship | Industry/Corporate (Bank) | 5 students awarded in AY 2024-25 | As per sponsor terms |
Apeejay Scholarship | Industry/Corporate | 2 students awarded in AY 2024-25 | As per sponsor terms |
Amrit Kala Dayal Scholarship for Girl Students | Institute/Donor -merit-cum-gender | 1 student awarded in AY 2024-25 | As per donor terms |
OPJEMS Scholarship | Industry/Corporate | 1 student awarded in AY 2024-25 | As per sponsor terms |
Class of 1993 Scholarship | Alumni | 1 student awarded in AY 2024-25 | As per alumni-fund terms |
Central / State Government Scholarships (SC/ST/OBC/PwD) | Government of India / State | SC/ST/OBC/PwD category students, per scheme-specific eligibility; the Institute explicitly extends scholarships to these categories via the National Scholarship Portal | Routed via the National Scholarship Portal (scholarships.gov.in) and respective state portals |
The MBA offered by IIM Lucknow includes PGP (2-yr flagship MBA), PGP-ABM (Agri-Business Management), PGP-SM (Sustainable Management), PGP-WE / MBA-WE (Working Executives), IPMX (1-yr MBA for executives), bMBA (Blended MBA), BS (AI & Business Analytics, UG), and PhD. Moreover, the reported IIM Lucknow MBA fees is around Rs. 19-21 lakhs for two years MBA program.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1234 | |
State & Central Government | 101.0 | 8.18% |
Institution Funds | 91.0 | 7.37% |
Private Bodies | 17.0 | 1.38% |
IIM Kozhikode offers scholarships and financial assistance through institute-level merit and need-based schemes, along with government, state, and corporate scholarships. The IIMK Merit Scholarship is available to students based on their CGPA, with one scholarship offered for every 20 students per year. Students facing financial constraints can apply for Need-Based Financial Assistance, subject to income, education-loan, and other eligibility conditions. Several government schemes support students belonging to SC, ST, minority and PwD categories, while additional schemes are available for eligible wards of CAPF, Assam Rifles and state police personnel. Students may also explore scholarships offered by organisations such as IDFC First Bank, Mirae Asset Foundation, Aditya Birla Group and OP Jindal. The table below summarises the listed schemes and their eligibility requirements.
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
IIMK Merit Scholarship | Institute - merit | PGP, PGPLSM & PGPFIN, Year 1 & 2, ranked by CGPA | 1 scholarship for every 20 students, per year |
IIMK Need-Based Financial Assistance (NBFA) | Institute - need-based | Gross annual family income ≤ Rs. 8,00,000; must hold an education loan from a scheduled commercial bank; no other scholarship being availed | Amount set by Financial Aid Committee (FAC) rank-list, within annual NBFA budget |
Top Class Education Scheme for SC Students | Government of India | SC category; family income ≤ Rs. 8,00,000; max. 10 slots allotted to IIMK | As per Ministry of Social Justice & Empowerment norms |
National Fellowship & Scholarship for ST Students | Government of India | ST category; family income ≤ Rs. 6,00,000; no institute/state ceiling | As per Ministry of Tribal Affairs norms |
Merit-cum-Means Scholarship (Minority Communities) | Government of India | Muslim, Sikh, Christian, Buddhist, Jain, Parsi students; ≥50% marks; family income ≤ Rs. 2,50,000 | As per Ministry of Minority Affairs norms |
Top Class Education Scheme for Students with Disabilities | Government of India | ≥40% disability with valid certificate; parental/guardian income ≤ Rs. 8,00,000 | As per Dept. of Empowerment of Persons with Disabilities norms |
PM Scholarship Scheme (CAPF/Assam Rifles/State Police wards) | Government of India | Wards/widows of CAPF, Assam Rifles & state police personnel; ≥60% marks at qualifying level | As per Ministry of Home Affairs norms |
Rajarshee Shahu Maharaj Merit Scholarship | State Government (Maharashtra) | State-specific eligibility | As per Government of Maharashtra norms |
Tamil Nadu Government Scholarship Scheme | State Government (Tamil Nadu) | State-specific eligibility | As per Government of Tamil Nadu norms |
IDFC First Bank MBA Scholarship | Private/Corporate | As per sponsor criteria | |
Mirae Asset Foundation (MAF) Scholarship | Private/Corporate | As per sponsor criteria | |
Aditya Birla Group Scholarship | Private/Corporate | As per sponsor criteria | |
OP Jindal Engineering & Management Scholarship (OPJEMS) | Private/Corporate | As per sponsor criteria |
The courses offered by IIM Kozhikode are PGP (2-yr flagship MBA), PGP-Finance, PGP-LSM (Liberal Studies & Management), PGP-BL (1-yr Business Leadership), EPGP (Executive MBA), IPM (5-yr Integrated Programme), and FPM/DPM (doctoral). Moreover, the IIM Kozhikode MBA fees are around Rs. 23.5 lakh (2 years, Rs. 11.75 lakh/year), and PGP-BL: Rs. 22.5 lakh/year.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1191 | |
State & Central Government | 120 | 10.08% |
Institution Funds | 73 | 6.13% |
Private Bodies | 2 | 0.17% |
IIM Indore provides financial assistance and scholarship opportunities for eligible students enrolled in its programmes. The Need-Based Financial Assistance scheme covers participants of PGP, PGP-HRM and IPM, with applications assessed on the basis of family income, assets and other factors. The data specifies an annual family income threshold of below Rs. 12 lakh for the need-based scheme, while the assistance amount is determined through income and asset slabs decided by the institute. Students admitted through EWS, SC, ST, or PwD quotas may also apply if they meet the applicable income criterion. IIM Indore additionally lists awards, scholarships, and achievements separately through its institute resources. The table below presents the scholarship information available in the provided dataset.
Scholarship / Scheme | Category | Eligibility (key criteria) | Amount / Benefit |
Need-Based Financial Assistance (NBFA) | Institute - need-based | PGP, PGP-HRM (PGPH) & IPM participants; annual family income below Rs 12,00,000; two-stage evaluation (application review + committee interview); disciplinary record considered | Percentage of the Institute's decided maximum aid, set annually by income/asset slab; NBFA Committee decision is final |
EWS / SC / ST / PwD-quota admits | Institute - eligibility clarification | Participants admitted via EWS, SC, ST or PwD quota who meet the NBFA income criterion may also apply | Same NBFA slab-based assistance as above |
Awards, Scholarships & Achievements (Institute-listed) | Institute - merit/other | Published separately by the Institute under its Awards page | Varies - see Institute website for current listing |
IIM Indore offers programs like PGP (2-yr flagship MBA), PGP-HRM · IPM (5-yr Integrated Programme), EPGP (Executive MBA), PGPMX (Mumbai campus, working executives), and FPM/DPM, EDPM, EFPMG (doctoral). Moreover, the MBA fee is around Rs. 21-25 lakhs, while Rs, 38 lakhs for IPM and Rs. 26.76 lakhs for EPGP.
NIRF-REPORTED SCHOLARSHIP & FEE-REIMBURSEMENT COVERAGE (AY 2024-25) | ||
Funding Source | No. of Students Receiving Full Tuition Fee Reimbursement | Percentage of students |
Total PG Students (all years) | 1250 | |
State & Central Government | 293 | 23.44% |
Institution Funds | 46 | 3.68% |
Private Bodies | 20 | 1.60% |
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