11 Newest IIMs: Explore Programs, Fees, and Salary Ranges

The Indian Institute of Management (IIMs) is the most prestigious management school in India developing exceptional leaders since the inception of the first IIM in India in 1961.
As of now, there are 21 IIMs across the country. IIM Calcutta was the pioneer, established in 1961, and these institutions are widely recognized for their academic prowess, significantly influencing the business landscape in India.Gaining admission to these IIMs demands intense dedication, hard work, and a deep understanding of the subjects.
The recently established IIMs include some of the best management institutes in India, like IIM Raipur, IIM Kashipur, IIM Trichy, IIM Udaipur, and others. According to the NIRF Rankings 2023, IIM Raipur holds the eleventh position among the top management institutes in the country.
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Here’s a list of new IIMs established since 2010

Year of Establishment
NIRF Ranking 2023
Average Salary (LPA)
IIM Raipur 2010 11 Rs. 21.04
IIM Kashipur 2011 19 Rs. 18.10
IIM Trichy 2011 22 Rs. 22.55
IIM Udaipur 2011 16 Rs. 20.02
IIM Sambalpur 2015 58 Rs. 16.64
IIM Sirmaur 2015 98 Rs. 11.82
IIM Bodh Gaya 2015 53 Rs. 16.00
IIM Nagpur 2015 43 Rs. 16.74
IIM Amritsar 2015 51 Rs. 16.51
IIM Visakhapatnam 2015 29 Rs. 16.61
IIM Jammu 2016 41 Rs. 16.43

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These IIMs provide a variety of programs, such as postgraduate courses, doctoral programs, executive education, and specialized management courses. Since 2010, the Indian government has established nearly a dozen new IIMs to meet the increasing demand for management seats in these institutes.
Popular Courses and Fees

Courses Offered
Fees for 2023-25 Batch(in Lakhs)
IIM Raipur PGP Rs. 15.93
IIM Kashipur MBA, MBA (Analytics), EMBA Rs. 17.3
IIM Trichy PGP, PGPM-HR, PGPBM Rs. 19.5
IIM Sambalpur MBA, Executive MBA Rs. 13.08
IIM Sirmaur MBA, MBA (T&HM) Rs. 16.2
IIM Bodh Gaya PGP Rs. 17
IIM Nagpur PGP Rs. 19
IIM Amritsar MBA, EMBA, MBA-Business Analytics, MBA-HRM Rs. 17.3
IIM Visakhapatnam PGP, PGPEX, PGPDGM Rs. 18.25
IIM Jammu MBA Rs. 17.15

Note: Please note that the fees provided are approximate ranges, and the actual fees for these colleges might differ. For precise details regarding the fee structure, it is advisable to refer to the official website or personally visit the college.

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