We took every fee figure from Goa Institute of Management’s official fee page for the 2027-29 batch and checked it on 9 October 2026.
GIM’s sticker price for the 2027 batch is ₹22 lakh. Your real bill lands closer to ₹24.3 lakh. Where does the extra ₹2.3 lakh come from, and can you bring it down?
Goa Institute of Management (GIM) charges an academic fee of ₹22,00,000 for the 2027-29 batch of its two-year PGDM programmes. GIM awards a PGDM, which most candidates call its MBA. A non-AC hostel room adds ₹2.28 lakh, so the total reaches about ₹24.28 lakh before personal spending.
Quick Answer: GIM MBA Fees 2027 at a Glance
| Cost item | Amount (2027-29 batch) |
|---|---|
| Academic fee (all four PGDM programmes) | ₹22,00,000 |
| Hostel, non-AC, full programme | ₹2,28,000 |
| Total before personal expenses | ₹24,28,000 |
| Caution deposit (refundable, ₹5,000 goes to the alumni association) | ₹25,000 |
The rest of this guide explains each line, shows how to pay in instalments, and lists the ways you can cut the bill.
GIM PGDM Fee Structure 2027 by Programme
GIM charges the same academic fee for all four full-time programmes. The seat counts below come from GIM’s admissions FAQ.
| Programme | Seats | Academic fee |
|---|---|---|
| PGDM (flagship) | 300 | ₹22,00,000 |
| PGDM Healthcare Management (HCM) | 120 | ₹22,00,000 |
| PGDM Big Data Analytics (BDA) | 180 | ₹22,00,000 |
| PGDM Banking, Insurance & Financial Services (BIFS) | 120 | ₹22,00,000 |
GIM calls this figure the academic fee, and most aspirants call it the tuition fee. GIM’s fee-waiver terms put the tuition component of the academic fee at ₹14,16,000. The rest of the ₹22 lakh covers other academic charges that GIM does not itemise on its fee page.
The fee also rose this year. The 2026-28 batch paid ₹21,45,000, so the 2027-29 batch pays ₹55,000 more, an increase of about 2.6%. Some websites still show the older ₹21.45 lakh figure, so always check the batch year before you trust a number. You can confirm the current figure on the official GIM fees and financial aid page.
How to Pay: GIM Fee Instalment Schedule for 2027-29
GIM splits the academic fee into four instalments. You pay the first two before you join, and fee submission starts in March 2027 once you receive your acceptance letter.
| Instalment | When you pay | Amount |
|---|---|---|
| Inst. 1a | Mar-Jun 2027 | ₹50,000 |
| Inst. 1b | Mar-Jun 2027 | ₹5,00,000 |
| Inst. 2 | Oct 2027 | ₹5,50,000 |
| Inst. 3 | Jun 2028 | ₹11,00,000 |
| Total | ₹22,00,000 |
Plan for ₹5.5 lakh before day one. Keep one rule in mind: GIM does not refund fees once you pay them if you discontinue the programme.
Living Expenses at GIM: Hostel, Food and Daily Costs
The PGDM is fully residential, so hostel costs count as part of your real budget.
Hostel charges
GIM’s FAQ lists ₹2,28,000 for non-AC accommodation across the whole programme. GIM allots double-occupancy rooms in the first year and single-occupancy rooms in the second. The campus has 10 hostels, a swimming pool, a football ground and a basketball court.
AC rooms cost more, and GIM’s expense estimator on the fees page lets you test both options. Third-party listings say the ₹2.28 lakh includes mess charges, but GIM’s FAQ does not say so. Ask the admissions office to confirm what the hostel fee covers, and budget a small buffer in case charges change.
Location and travel
The campus sits in Poriem, Sattari, so you travel further than a city student would. GIM lists Thivim as the nearest railway station at 17 km. The nearest airports are Manohar International at 36 km and Dabolim at 43 km. If you live far from Goa, add the cost of two or three round trips a year.
Personal spending: an example budget
GIM does not publish personal-spending figures, so the table below uses an example you should adjust. We assume ₹6,000 a month for phone, travel, laundry, clubs and outings. Your number may run higher or lower.
| Item | Amount |
|---|---|
| Academic fee | ₹22,00,000 |
| Hostel (non-AC) | ₹2,28,000 |
| Personal spending (example: ₹6,000 × 24 months) | ₹1,44,000 |
| Estimated total cost of attendance | ₹25,72,000 |
The refundable deposit sits outside this total because GIM returns it after you leave, minus ₹5,000.
Scholarships and Fee Waivers That Cut GIM MBA Fees
GIM offers merit scholarships and one need-based waiver. A student can claim only one financial benefit, so a tuition fee waiver cancels an ACCESS scholarship.
| Scheme | Who qualifies | Value |
|---|---|---|
| ACCESS (PGDM) | Strong performers admitted through the Achiever’s Round with PGDM as first preference | 45 awards of ₹5,00,000 |
| ACCESS (BDA) | Same route, BDA as first preference | 21 awards of ₹5,00,000 |
| ACCESS (BIFS) | Candidates who completed CA, CS, CMA, CFA (US), ACCA, CIMA, CPA (US) or FRM | 7 awards of ₹5,00,000 |
| GIM-MBBS Scholarship (HCM) | MBBS graduates admitted to PGDM-HCM | 7 awards of ₹5,00,000 |
| Tuition Fee Waiver | Family income below ₹8 lakh a year | Full tuition waiver, up to 5% of admitted students |
GIM pays each scholarship in two halves, one in each year. The second half depends on a CGPA of 5.6 or above and good conduct.
The waiver covers the tuition component of ₹14,16,000. If that is the only part GIM waives, simple subtraction leaves about ₹7.84 lakh of other academic charges. Ask GIM to confirm the exact figure before you count on it.
GIM states that admission is purely merit-based. It accepts no donations or management quota.
Education Loans for GIM: Bank Options and PM-Vidyalaxmi
Most students fund the fee with a loan. GIM lists these partners on its fees page:
- Bank of India: loans up to ₹25,00,000
- Canara Bank: loans up to ₹30,00,000 under its PM Vidyalaxmi product
- Credila: loans up to 100% of the cost of education
- State Bank of India, IDFC First Bank, Axis Bank and Punjab National Bank
The central government’s PM-Vidyalaxmi scheme offers a second route. The Ministry of Education describes it as a collateral-free and guarantor-free education loan for students at quality higher education institutions. It also gives a 75% credit guarantee on loan amounts up to ₹7.5 lakh, as the Ministry’s scheme page on MyScheme explains. Eligible students can also receive a 3% interest subvention during the moratorium on loans up to ₹10 lakh, under the official scheme guidelines.
Before you apply, check the portal’s list of eligible institutes and the income conditions for interest subvention. Also compare each bank’s interest rate and repayment terms, because rates change and differ by lender.
Is the GIM MBA Fee Worth It? What Official Data Shows
GIM files placement figures with the Ministry of Education’s National Institutional Ranking Framework (NIRF). Its NIRF 2026 data submission for Management lists the median salary of placed PGDM graduates:
| Graduating year | Median salary of placed graduates |
|---|---|
| 2022-23 | ₹15,00,000 |
| 2023-24 | ₹14,40,000 |
| 2024-25 | ₹14,64,250 |
In 2024-25, 516 of the 563 students who graduated in the minimum time found placement, which is about 92%. NIRF ranked GIM 43rd in Management in its 2025 rankings, and GIM repeats this in its mandatory disclosure updated in August 2026. The NIRF website will list the 2026 rankings when the Ministry releases them.
A quick check puts the numbers in context. The estimated ₹24.28 lakh total equals about 1.7 years of that median salary before tax, loan interest and living costs. Treat this as a rough yardstick, not a promise. The institute submits this data itself, a median is not a guarantee, and your outcome depends on your specialisation, your skills and the hiring market.
Before You Apply: Key Dates and Eligibility
GIM accepts CAT, XAT and GMAT scores, and it collects CAT and XAT scores directly from the testing bodies. You need at least 50% aggregate marks in your bachelor’s degree (45% for SC/ST candidates), and you must finish your degree by 5 June 2027.
| Milestone | Date |
|---|---|
| First Mover deadline | 22 October 2026 |
| Early Bird deadline | 19 November 2026 |
| Achiever’s Round deadline | 3 December 2026 |
| CAT 2026 score deadline | 23 December 2026 |
| XAT 2027 exam | 3 January 2027 |
| Last date to apply | 4 January 2027 |
GIM charges a lower application fee for early applications, so applying at the First Mover or Early Bird stage costs less. To lift your score before the deadline, practise with CatMock mock tests.
Budgeting Mistakes to Avoid
- Reading the old number. Many sites still show ₹21.45 lakh. The 2027-29 fee is ₹22 lakh.
- Forgetting the hostel. The academic fee excludes your room, so add the hostel charges.
- Skipping the schedule. You pay ₹5.5 lakh before joining, so line up funds early.
- Assuming a scholarship. ACCESS awards go to a limited number of students through the Achiever’s Round.
- Ignoring the no-refund rule. GIM does not refund fees if you leave, so confirm your decision before you pay.
Summary
- The GIM MBA (PGDM) academic fee for 2027-29 is ₹22,00,000 for all four programmes.
- A non-AC hostel adds ₹2,28,000, so the total comes to about ₹24.28 lakh before personal spending.
- You pay in four instalments, with ₹5.5 lakh due before you join.
- GIM offers 80 ACCESS and GMS scholarships worth ₹5 lakh each, plus a full tuition waiver for families earning under ₹8 lakh.
- Banks and the government’s PM-Vidyalaxmi scheme can fund the fee.
- NIRF data shows a median salary of about ₹14.6 lakh for the 2024-25 graduates.
Frequently Asked Questions
What are the GIM MBA fees for 2027?
GIM charges an academic fee of ₹22,00,000 for the 2027-29 batch. The fee is the same for the PGDM, PGDM-HCM, PGDM-BDA and PGDM-BIFS programmes.
What is the total cost of GIM with hostel?
The total comes to about ₹24.28 lakh with a non-AC hostel at ₹2,28,000, before personal spending. You also pay a refundable caution deposit of ₹25,000.
How much did GIM fees increase for 2027?
The fee rose from ₹21,45,000 for the 2026-28 batch to ₹22,00,000 for 2027-29. That is an increase of ₹55,000, or about 2.6%.
Can I pay the GIM fee in instalments?
Yes. GIM splits the fee into four instalments: ₹50,000 and ₹5,00,000 before you join, ₹5,50,000 in October 2027, and ₹11,00,000 in June 2028.
Does GIM offer scholarships?
Yes. GIM offers ACCESS and GIM-MBBS scholarships of ₹5 lakh each, and a full tuition fee waiver for students whose family income is below ₹8 lakh a year.
Can I get an education loan for GIM?
Yes. GIM lists partner banks including Bank of India, Canara Bank, Credila and SBI. You can also apply through the government’s PM-Vidyalaxmi portal.
Is the GIM caution deposit refundable?
Yes. GIM refunds the ₹25,000 deposit after you leave and clear your dues, but it keeps ₹5,000 as your alumni association membership fee.
Does GIM accept donations or management quota seats?
No. GIM states that admission is purely merit-based and that it accepts no donations or management quota.
Conclusion
GIM MBA fees 2027 start with a clear number: ₹22,00,000 for the academic fee. Your real cost depends on where you sleep, how you travel and how you fund the course. Add the hostel, set a personal budget, and plan for the ₹5.5 lakh you pay before joining.
Then look at the ways to cut the bill. Apply early to save on the application fee, aim for the Achiever’s Round if your profile fits, and compare bank loans with the PM-Vidyalaxmi scheme. Confirm every figure on GIM’s official fee page before you pay, because the institute can revise its fees for future batches.
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