Lorven International Institute of Management Studies

Lorven International Institute of Management Studies Fees Structure, situated in Bangalore, Karnataka, offers an array of management and professional courses designed to nurture global leaders. Below is a detailed breakdown of the fee structure for various courses at Lorven International Institute of Management Studies:

Lorven International Institute of Management Studies Fees Structure and course

1. Master of Business Administration (MBA)

Duration: 2 years
Eligibility:

• Bachelor’s degree in any discipline with at least 50% marks (45% for SC/ST/OBC candidates).

• A valid score in entrance exams like CAT, MAT, XAT, CMAT, or equivalent.

Annual Tuition Fee: ₹2,50,000 – ₹3,00,000
Additional Fees:

• Admission Fee: ₹20,000 (one-time payment)

• Examination Fee: ₹5,000 – ₹7,000 per semester

• Library Fee: ₹10,000 annually

• Placement Fee: ₹15,000 (payable in the final year)

• Lab and Technology Fee: ₹10,000 annually

• Miscellaneous Fees: ₹8,000 – ₹12,000 (covers extracurricular activities, events, and sports)

Hostel Fee (Optional): ₹80,000 – ₹1,20,000 annually (inclusive of accommodation and mess charges).

Scholarships:

• Merit-based scholarships for students scoring above 90% in their bachelor's degree or entrance exams.

• Need-based financial assistance for economically weaker sections.

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2. Post Graduate Diploma in Management (PGDM)

Duration: 2 years
Eligibility:

• Bachelor’s degree in any discipline with at least 50% marks.

• Entrance exam scores in tests like GMAT, CAT, or MAT.

Annual Tuition Fee: ₹3,00,000 – ₹3,50,000
Additional Fees:

• Admission Fee: ₹25,000 (one-time payment)

• Examination Fee: ₹6,000 per semester

• Lab and IT Facilities Fee: ₹12,000 annually

• Placement Training Fee: ₹20,000 (final year only)

• Library and Resource Fee: ₹12,000 annually

Hostel Fee (Optional): ₹90,000 – ₹1,30,000 per year (with shared and single room options).

Scholarships:

• Scholarships for academically exceptional students.

• Corporate-sponsored scholarships for students enrolling in specialized streams.

3. Diploma in Business Administration

Duration: 1 year
Eligibility: 10+2 or equivalent in any stream with a minimum of 50% marks.

Annual Tuition Fee: ₹50,000 – ₹75,000
Additional Fees:

• Admission Fee: ₹5,000 (one-time payment)

• Examination Fee: ₹3,000 per semester

• Lab and Practical Fee: ₹4,000 annually

• Miscellaneous Fees: ₹6,000

Hostel Fee (Optional): ₹70,000 – ₹90,000 annually.

Scholarships:
Scholarships are available for students excelling in academics or coming from underprivileged backgrounds.

4. Executive MBA

Duration: 1 year
Eligibility:

• Bachelor’s degree in any discipline with a minimum of 50% marks.

• A minimum of 2 years of work experience is required.

Annual Tuition Fee: ₹4,00,000 – ₹5,00,000
Additional Fees:

• Admission Fee: ₹30,000 (one-time payment)

• Resource and Technology Fee: ₹15,000 annually

• Library Fee: ₹8,000 annually

• Placement Assistance Fee: ₹20,000

Scholarships:

• Corporate sponsorships and merit-based waivers for outstanding professionals.

5. Certificate Programs in Management

Duration: 6 months – 1 year
Eligibility: Open to graduates and working professionals in relevant fields.

Tuition Fee: ₹30,000 – ₹1,00,000 (depending on the program).
Additional Fees:

• Examination Fee: ₹2,000 per semester

• Lab Fee: ₹3,000 – ₹5,000 annually

• Miscellaneous Fees: ₹4,000

Scholarships:

• Offered to students demonstrating financial need or exceptional merit.

Scholarship Types Available

Merit-Based Scholarships

• Awarded to students with exceptional academic performance in entrance exams or previous qualifications.

• Reductions in tuition fees range from 10% to 50%.

Need-Based Scholarships

• For students from economically disadvantaged backgrounds.

Government Scholarships

• Karnataka government scholarships for SC/ST/OBC students and women.

• Includes schemes like Vidyasiri and Post-Matric Scholarships.

Corporate Scholarships

• Industry-funded scholarships for PGDM students specializing in fields like marketing, finance, or HR.

Additional Information on Lorven International Institute of Management Fees

Understanding the fee payment process is crucial for students planning to join the Lorven International Institute of Management Studies (LIIMS). 

Annual Payment:

• Tuition and other mandatory fees are typically required at the start of each academic year.

• Students have to pay deadlines to avoid late payment charges.

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Semester-Wise Payment:

• For select programs, fees can be paid at the beginning of each semester.

• This provides flexibility, particularly for programs requiring intensive internships or projects.

Installment Options:

• The institute offers installment plans for students facing financial constraints.

• Installments are subject to approval and must be arranged in advance with the accounts department.

Online Payments:

• Students can make payments through the institute's secure online portal.

• Accepted methods include net banking, UPI, and credit/debit cards.

Bank Transfers:

• Payments can be made via NEFT/RTGS directly to the institute's designated bank account.

• Students must retain transaction receipts for verification.

Demand Draft:

• Payments can also be made using demand drafts (DD) payable to "Lorven International Institute of Management Studies."

• Ensure the DD is drawn on a recognized national or international bank.

In-Person Payment:

• Students or guardians can pay directly at the institute's finance office.

• Cash, cheques, or card payments are accepted at the office.

Payment Confirmation

• Students receive an official receipt upon successful payment, whether made online or in person.

• For online transactions, a soft copy of the receipt is emailed to the registered email address.

• Retain receipts for future reference, especially when applying for scholarships or loans.

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Late Payment Policy

• A grace period of up to 15 days is typically allowed after the due date, depending on the course and payment structure.

• Late payments incur penalties, generally ranging from ₹500 to ₹2,000, based on the delay duration.

Scholarship Adjustments

• Students awarded scholarships can have their fee balance adjusted accordingly.

• Documentation proving scholarship approval must be submitted to the accounts department before payment deadlines.

• Any remaining amount after scholarship adjustment must be cleared promptly.

Financial Assistance for Fee Payment

Education Loans:

• LIIMS collaborates with several banks to offer education loans at competitive rates.

Corporate Sponsorships:

• Working professionals enrolling in executive programs may explore employer sponsorships.

• Companies often cover tuition as part of professional development programs.

Fee Waivers:

• Need-based waivers are available for deserving students.

Refund Policy

Admission Withdrawal:

• Refund requests for tuition fees after withdrawal are processed according to the institute’s refund policy.

• A specific percentage of the fee may be deducted depending on the withdrawal timing.

Course Discontinuation:

• Students discontinuing their courses after the commencement date may not be eligible for refunds.

• Exceptions are considered under special circumstances, such as medical emergencies.

Security Deposit Refund:

• Refunds of security deposits are made after the completion of the program, provided no dues remain.

Know about the college Fees at Lorven International Institute of Management Fees.

Conclusion

Lorven International Institute of Management Studies Fees Structure is committed to providing affordable yet high-quality education to future business leaders. Here, the fee structure is made wide enough to embrace students from diverse economic backgrounds supported with a variety of scholarships and financial aid. Explore the opportunities at Lorven and choose the right course for the acceleration of your career!