What you will actually pay
If you’re building the all-in number, start here. Use the fee circular for your exact batch year. Indore’s course fee stepped up between 2025-27 and 2026-28. The PGP 2025-27 fee structure PDF lists course fee ₹10,00,000 per year (₹20 lakh across two years) plus refundable caution ₹50,000, mess deposit ₹54,000 in year one, and alumni fee with GST in year two, for Indian CAT students grand totals near ₹11.04 lakh then ₹10.12 lakh (about ₹21.16 lakh all-in across both years).The PGP 2026-28 fee structure page lists course fee ₹12,00,000 per year (₹24 lakh across two years) with similar deposit structure and grand totals near ₹13.04 lakh and ₹12.12 lakh (about ₹25.16 lakh all-in). Course fee does not include textbooks; mess deposit adjusts against actual mess bills.
Outcomes from the Final Placement Report 2025: median CTC ₹27 LPA, average CTC ₹29.57 LPA, highest domestic ₹70 LPA for 2023-25 finals. Label these as CTC.
Fit and IPM pathway context: IIM Indore review. CAT shortlist process: IIM Indore selection criteria. School-leavers should use the IPMAT exam guide rather than this PGP fee sheet alone. Framework: IIM fees and ROI.
Fee table by batch
| Item | 2025-27 | 2026-28 |
|---|---|---|
| Course fee (Indian CAT) | ₹20.00 lakh | ₹24.00 lakh |
| Year-1 / year-2 grand totals (incl. deposits, approx.) | ~₹11.04L / ~₹10.12L | ~₹13.04L / ~₹12.12L |
| Approx all-in course + deposits | ~₹21.16 lakh | ~₹25.16 lakh |
| Median CTC (2023-25 finals) | ₹27 LPA | Same report reference |
| Average CTC (2023-25 finals) | ₹29.57 LPA | Same |
NRI and foreign fees differ on the same PDFs. Do not use those lines for domestic CAT planning. Mixing NRI columns into a domestic sheet is a frequent spreadsheet error.
Why batch year errors wreck ROI sheets
A relative who attended Indore two cycles ago may quote a lower course fee. If your offer is for 2026-28, that anecdote understates your cash need by about ₹4 lakh on course fee alone before deposits. Always match:
- Batch years on the offer letter
- Fee PDF or fee structure page dated for that batch
- Placement PDF year (outcomes lag fees; a 2023-25 placement table informs but does not price your 2026-28 fee)
Textbooks sit outside course fee. Mess deposits adjust against actual bills, so treat the deposit as working capital, not as free mess forever.
How we think about payback
Median ₹27 LPA against roughly ₹21 to ₹25 lakh all-in depending on batch yields sub-one-year simple payback pre-tax for median outcomes. Our review’s paybackYears: 0.9 assumes debt and taxes.
Large cohorts widen the outcome spread. The placement report shows large batches (about 591 total for 2023-25 including dual degree candidates, with 478 MBA candidates in that table). The left tail matters more here than at smaller elite cohorts. Run the numbers on EMI well below median fixed cash.
Tools: ROI calculator, methodology, placements companion.
Compare versus Lucknow and Kozhikode
| Campus | Fee signal | Median outcome label |
|---|---|---|
| Indore 2025-27 | ~₹21.16 lakh all-in | ₹27 LPA CTC |
| Indore 2026-28 | ~₹25.16 lakh all-in | ₹27 LPA CTC (prior cycle report) |
| Lucknow | ~₹20.75 lakh | ~₹31 LPA CTC |
| Kozhikode | ₹23.50 lakh + deposits | ₹27.50 LPA CTC |
| Bangalore | ₹26.00 lakh + mess/caution | ₹34.75 LPA |
| Ahmedabad | ₹27.50 lakh + living | ₹34.59 LPA MEP |
For 2025-27 entrants, Indore’s all-in sits near Lucknow’s cited sticker with a lower cited median CTC. For 2026-28 entrants, Indore’s course fee rise narrows or removes the absolute-fee advantage versus Kozhikode and moves closer to Bangalore’s band. Re-run the sheet for your year.
Do not mix IPM multi-year fees into a two-year PGP model. They are different products with different cash timelines. Families planning both a PGP admit and a younger sibling’s IPM path need two separate models.
Scholarships, loans, and acceptance timing
Education loans for Indore are widely available for domestic CAT admits, but EMI capacity should still be set on a below-median CTC outcome because large cohorts widen the left tail. Need-based aid, if offered for your year, counts only after confirmation. Do not shrink the numerator on hope.
Acceptance deposits and instalment dates create cash events. If you are waiting on Lucknow, Kozhikode, or an A/B waitlist, read refund rules before you park money at Indore. Fee deadlines do not care about your emotional ranking of campuses.
Parents who remember older Indore fee anecdotes should be shown the 2026-28 course fee page beside the 2025-27 PDF. The step-up is the story. Ignoring it is how families under-borrow and then scramble.
Before you accept or decline
- Open the fee PDF or fee page for your exact batch year
- Separate course fee, caution, mess, and alumni lines
- Ignore NRI columns
- Open the placement PDF and note CTC definitions and domain mix
- Compare L and K calls on fee and culture with matched inclusions
- If IPM is the family plan, build a separate multi-year cash model
- Model below-median outcomes because of cohort size
Frequently asked questions
What is the PGP fee?
For 2025-27, course fee ₹20 lakh plus deposits. For 2026-28, course fee ₹24 lakh plus deposits. See official PDFs.
Is Indore cheaper than Lucknow?
Sometimes on older course-fee years; not reliably after the 2026-28 step-up. Compare circulars side by side.
Does the placement median apply to IPM?
Read the PDF cohort definitions. Do not assume every table mixes programmes identically.
Should consulting aspirants ignore fee and chase A/B only?
Not if Indore is the best call you hold. Fee discipline still matters. See the review.
Can an education loan cover the full IIM Indore fee?
Usually the published programme fee is loan-eligible at major banks and NBFCs, but mess, deposits, laptops, and travel often sit partly outside disbursement. Model EMI on a below-median outcome in the ROI calculator and read scholarships and education loans.
How should I estimate payback years?
Divide all-in cash outlay (fee + realistic living) by a conservative first-year take-home you can defend from the placement PDF definition. Prefer median over average, then stress-test 20% lower. Treat the result as directional, not a promise.
Does the published fee include hostel and mess?
Often lodging is inside the programme fee while mess, caution deposits, and medical insurance are extra, but each circular differs. Read the inclusion footnotes on the institute fee page for your batch before you compare stickers.
Where do I verify?
2025-27 fee PDF, fee structure page, Placement Report 2025, fees framework.
Data as of: September 2026.
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