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10 hours ago
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Pursuing an MBA at an elite institution like IIM Bangalore is a significant investment in your future. To ensure that financial barriers never stand in the way of academic potential, IIMB offers a robust framework of need-based and merit-based financial aid.
Need-Based Financial Aid
IIMB’s internal financial aid policy is designed for students with a gross annual household income below ₹8,00,000 or those facing unforeseen financial crises. The process is transparent and thorough:
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Evaluation: A two-step assessment involving a financial status score (based on income, savings, and assets) and a personal interaction with a faculty panel.
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Aid Tiers: Depending on the assessed need score, students can receive waivers covering 20%, 40%, 60%, 80%, or 100% of their tuition fees.
Note: Opportunities like the "Employment in Social Sector" scholarship also provide a unique way to fund your degree through future service commitments
3 Replies
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"It’s important to note that merit scholarships like Aditya Birla or OPJEMS are highly competitive and often require consistent academic performance across the first year. My advice to incoming students is to focus on your CGPA from Day 1 it opens doors not just for summer placements, but for these prestigious awards too.
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The 100% tuition waiver is a game-changer for deserving candidates. Definitely worth applying if you fit the income criteria.
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Many aspirants don't realize that the IIMB financial aid committee is very supportive if you can demonstrate genuine need
