The fee for the first three years of the IPM is charged annually and includes tuition, library, IT, and other academic charges. The last two years follow the MBA programme fee structure applicable at IIM Indore. The total programme fee may range between Rs. 30–35 lakhs for the entire five years (subject to revision by the institute). In addition, students must bear hostel, mess, and personal expenses. The exact fee details are published in the official admission offer letter and prospectus each year.