Country’s premier management institution awarded its first masters degree after the IIM Act-2017 became a law in December 2017. IIM Bangalore and Calcutta also conferred MBA degrees in their last convocation. Sources said previous students too wanted a similar degree with retrospective effect, but the institute said the move is not possible.
However, the institute is now also planning to hike it fee for the flagship course. IIM-A director Errol D’Souza said the Governing Council had approved fee hike of 4.5%; the MBA course would now cost students Rs 22 lakh instead of Rs 21 lakh. “The decision has been taken keeping in mind the inflation rate,” said the director.