Fees & Financial
Aid
Fee Structure
IoBM operates on a self-financing basis as a non-profit institution. All students are required to pay a one-time CAUTION MONEY of Rs. 25,000.00 which is refundable only as per the policy.
Education services (9857.0000)
3% Sindh Sales Tax is applicable on Education services provided or rendered by an educational institution where the amount of fee/charges for such services exceeds Rs. 500,000 per annum per student.
The fee structure for various degree programs, per semester, is as follows:
All Bachelor's Programs
| 10,000.00 | 24,300.00 | 8,100.00 | 145,800.00 | 155,800.00 |
* Subject to change ** Six courses
Note: Additional fee will be charged for remedial (non-credit) courses such as MTH100 or COM100 which have to be taken by those students who have not been able to reach the desired level of competence in the relevant section of the admission test. Rs. 48,600/- will be additional Lab Charges for BE Electrical Engineering in Electronics and Telecommunication program. Rs. 48,600/- will be additional Lab Charges for BS Computer Science and BS Software Engineering program.
Summer session fee is charged on the basis of courses taken. Convocation Fee:|
Rent for gown and cap with mask (mask is nonreturnable) |
1,000.00 |
|
Degree folder including degree cost |
4,500.00 |
|
Physical arrangement and lunch cost for the Graduate only |
4,600.00 approximately |
|
Brochure |
400.00 |
|
Administrative charges |
1,500.00 |
|
Convocation Fee |
1,2000.00 |
|
Security deposit for the gown and cap (refundable) |
5,000.00 |
|
Total amount with security deposit |
17,000.00 |
- Rs. 5,000.00 will be refunded after the gown and cap are returned in good condition
- The catering and physical arrangements costs for parents will be communicated after finalizing the quotation.
All Master's (Regular) Programs
The fee structure for this degree program per semester is as follows:
| Registration Fee | Tuition Fee* (per course) | Fee on the basis of per Credit Hour | Tuition Fee Full Load** | Total Fee* (per semester) |
|---|---|---|---|---|
| 10,000.00 | 26,175.00 | 8,725.00 | 157,050.00 | 167,050.00 |
* Subject to change ** Six courses for regular
Note:
Rs. 20,000/- will be charged for MBA Boot Camp (Page No. 44) for MBA students joining IoBM for the first time.Summer session fee is charged on the basis of courses taken.| Program | No. of Courses | Security Deposit (one-time) | Reg. Fee | Tuition Fee | Total Fee 1st Semester |
| MBA Regular/ Morning * | 04 | 25,000 | 7,000 | 104,700 | 136,700 |
| MBA Regular/ Morning * | 03 | 25,000 | 7,000 | 78,525 | 110,525 |
| MBA Tuition fee is Rs 26,175/- per course | |||||
| * Bootcamp fee Rs 20,000/- will be applicable on students with Non-business education background. | |||||
| ** As per admission offer letter, you are allowed to register in a minimum of 03 and maximum of 06 courses in weekend/ evening program. | |||||
|
Rent for gown and cap with mask (mask is nonreturnable) |
1,000.00 |
|
Degree folder including degree cost |
4,500.00 |
|
Physical arrangement and lunch cost for the Graduate only |
4,600.00 approximately |
|
Brochure |
400.00 |
|
Administrative charges |
1,500.00 |
|
Convocation Fee |
1,2000.00 |
|
Security deposit for the gown and cap (refundable) |
5,000.00 |
|
Total amount with security deposit |
17,000.00 |
- Rs. 5,000.00 will be refunded after the gown and cap are returned in good condition
- The catering and physical arrangements costs for parents will be communicated after finalizing the quotation.
All Master's (Specialized & Weekend) Programs
The fee structure for this degree program per semester is as follows:
| Registration Fee | Tuition Fee* (per course) | Fee on the basis of per Credit Hour | Tuition Fee Full Load** | Total Fee* (per semester) |
|---|---|---|---|---|
| 10,000.00 | 26,175.00 | 8,725.00 | 157,050.00 | 167,050.00 |
* Subject to change ** Six courses for weekend / evening programs
Note:
Rs. 20,000/- will be charged for MBA Boot Camp for MBA students joining IoBM (CBM) for the first time. Summer session fee is charged on the basis of courses taken. MBA Weekend/Evening, planning to take less than a full load, would be charged registration and tuition fees accordingly. However, caution money will remain the same.| Program | No. of Courses | Security Deposit (one-time) | Reg. Fee | Tuition Fee | Total Fee 1st Semester |
| MBA Weekend/ Evening* | 04 | 25,000 | 7,000 | 104,700 | 136,700 |
| MBA Weekend/ Evening* | 03 | 25,000 | 7,000 | 78,525 | 110,525 |
| MBA Tuition fee is Rs 26,175/- per course | |||||
| * Bootcamp fee Rs 20,000/- will be applicable on students with Non-business education background. | |||||
| ** As per admission offer letter, you are allowed to register in a minimum of 03 and maximum of 06 courses in weekend/ evening program. | |||||
|
Rent for gown and cap with mask (mask is nonreturnable) |
1,000.00 |
|
Degree folder including degree cost |
4,500.00 |
|
Physical arrangement and lunch cost for the Graduate only |
4,600.00 approximately |
|
Brochure |
400.00 |
|
Administrative charges |
1,500.00 |
|
Convocation Fee |
1,2000.00 |
|
Security deposit for the gown and cap (refundable) |
5,000.00 |
|
Total amount with security deposit |
17,000.00 |
- Rs. 5,000.00 will be refunded after the gown and cap are returned in good condition
- The catering and physical arrangements costs for parents will be communicated after finalizing the quotation.
Post Graduate Programs
The fee structure for this degree program per semester is as follows:
| Post Graduate Programs | Registration Fee (1-2 Courses) | Tuition Fee Per Course | Thesis Fee, External Examiner Fee, Viva Voce, Exam Fee, Supervisors Fee and Foreign Examiner Fee |
|---|---|---|---|
| MS / MPhil Programs | 3,500.00 | 17,700.00 | 91,080.00 |
| PhD Programs | 5,000.00 | 19,200.00 | 460,000.00 |
|
Rent for gown and cap with mask (mask is nonreturnable) |
1,000.00 |
|
Degree folder including degree cost |
4,500.00 |
|
Physical arrangement and lunch cost for the Graduate only |
4,600.00 approximately |
|
Brochure |
400.00 |
|
Administrative charges |
1,500.00 |
|
Convocation Fee |
1,2000.00 |
|
Security deposit for the gown and cap (refundable) |
5,000.00 |
|
Total amount with security deposit |
17,000.00 |
- Rs. 5,000.00 will be refunded after the gown and cap are returned in good condition
- The catering and physical arrangements costs for parents will be communicated after finalizing the quotation.
Interpretation
1. In this policy reference to the masculine also includes the feminine.
Caution Money (Security deposit)
2. Students are eligible to claim refund of caution money:
a. after completion of their respective programs or
b. upon cancellation of admission by the student or by IoBM if claimed within six months of such cancellation.
3. Any amount receivable from a student for whatsoever reason will be deducted from the amount due to that student on account of caution money.
4. Without prejudice to the above, both provisional students and deferred candidates (details for both appear below) are entitled to be refunded security deposits in accordance with the terms of this Policy if any have been collected.
Registration Fee
5. Registration fees paid is nonrefundable and nontransferable.
Continuing students
6. In case a course or courses are dropped during any given semester, and provided that such course or courses had been dropped without penalty, the tuition fee of such course or coursess:-
a. Shall be fully refunded if the course or courses had been dropped within 7 days of commencement of classes.
b. Shall be refunded 50% if dropped after 7 days but within 14 days of commencement of classes.
c. Shall not be claimed from the 15th day of commencement of classes.
7. Provided that the refund in clause 6 above shall be made only after completion of program or admission cancellation.
8. Tuition fee for students suspended for one semester shall also be refunded as per clause 6 above.
9. Tuition fee for courses dropped after the due date (with penalty) will be forfeited.
Fresh Entrants
10. If after securing admission, a fresh entrant decides to withdraw from the Institute, the tuition fees paid will be refunded as per Higher Education Commission (HEC) refund policy outlined hereunder:-
%age of Tuition Fee | Timeline for Semester System |
Full (100%) Fee Refund | up to 7th day of commencement of classes |
Half (50%) Fee Refund | From 8th-15th day of commencement of classes |
No Fee (%) Refund | From 16th day of commencement of classes |
Provisional Admission
11. Candidates awaiting the results of last required qualification shall be provisionally admitted provided they qualify in the written test as well as the interview. If such a candidate fails to meet the set admission criteria after declaration of the last required results, he will be refunded the tuition fee and the caution money provided that an application for refund is submitted within seven days of declaration of results/grades (along with a copy of result/grades). If a candidate fails to do so, the tuition fee shall stand forfeit. The caution money shall remain payable only for refund till six months from the date of application for refund. This is without prejudice to the other terms of this policy.
Deferment of Admission-Fresh Entrants
12. In case of a written request of the candidate for deferment of admission for a semester, he must sign an affidavit stipulating the matters stated in this policy and duly notarized, the paid tuition fee shall be carried forward to next semester.
13. If a candidate of the nature in clause 12, later decides not to join and informs the Institute of his withdrawal or does not join-
a. The tuition fee shall stand forfeit provided the Institute and candidate were otherwise agreed upon admission in the current semester but for the candidate’s withdrawal from the Institute.
14. Notwithstanding clause 12 above, if any deferred candidate decides to withdraw from admission at any time, the security deposit, if collected, shall be fully refunded and shall remain payable till six months from the date of intimation of withdrawal from the Institute. Upon expiry of said period the security deposit shall also stand forfeit.
15. If any candidate is allowed a second attempt to improve his grade/percentage/results in order to qualify for the admission, he must sign an affidavit stipulating the matters stated in this Policy and duly notarized. If the candidate fails in the second attempt or does not avail the opportunity of second attempt:-
a. Caution money, if collected, will be fully refunded and shall remain payable only for refund till six months from the date of intimation of the final refusal of admission from IoBM. Upon expiry of the said period the caution money shall also stand forfeit.
b. The tuition fee shall stand forfeit provided the Institute and candidate were otherwise agreed upon admission in the current semester but for the candidate’s failure to achieve the results required by the Institute.
16. A candidate will retain his status as candidate until completion of the formalities provided herein.
Dispute
17. In case of any dispute/disagreement regarding interpretation of any clause of this Policy, the decision of the IoBM management shall be final and binding.
Amendment
18. This policy may be amended or changed at the discretion of the management provided always that any amendment or hange may only take place at the start of every semester and that such amendment or change must be incorporated in all new admission letters from the semester in which the amendment or change takes place onwards.
Educational Assistance on Need
Program | Eligibility Criteria |
Bachelors | Semester GPA 2.80 & CGPA 2.50 with minimum 05 courses |
MBA (offered in Morning) | Semester GPA 3.20 & CGPA 3.00 with minimum 05 courses |
MBA (offered on Weekends/Evening) | Semester GPA 3.20 & CGPA 3.00 with minimum 04 courses |
MSC Organizational Psychology and HRM | Semester GPA 3.20 & CGPA 3.00 with minimum 04 courses |
|
|
Merit Scholarship
Program | Eligibility Criteria |
Bachelors | Semester GPA 3.60 & CGPA 3.50 with minimum 05 courses OR fifteen credit hours |
MBA (offered in Morning) | Semester GPA 3.70 & CGPA 3.60 with minimum 05 courses |
MBA (offered on Weekends/Evening) | Semester GPA 3.70 & CGPA 3.60 with minimum 04 courses |
MSC Organizational Psychology and HRM | Semester GPA 3.70 & CGPA 3.60 with minimum 4 courses |
MPhil / MS | Semester GPA 3.70 & CGPA 3.60 with minimum 2 courses |
PhD | Semester GPA 3.80 & CGPA 3.70 with minimum 2 courses |
Frequently Asked Questions
What types of scholarships are available?
There are two types of scholarships available, Educational Assistance on Need and merit based scholarships.
What are my chances of gaining a scholarship?
If you apply for Educational Assistance on Need, you have to submit all the required documents as mentioned in the form and a survey of your house will be conducted to judge your need. Your case will be presented to the Finance & Planning Committee (F&PC) for review and the decision is based on your need and an academic performance. The merit scholarship is awarded if you are meeting the GPA/CGPA criteria and house survey is not required.
Where can I go to discuss regarding the scholarships procedure?
You have the option to either email/call or personally visit the Financial Assistance and Scholarships office located in the Administration building.
Can I apply for a scholarship before being accepted to a university?
No, you can apply once you become our student.
How do I know if I am eligible to apply?
Please refer to the eligibility criteria in the scholarship section.
What should I submit with my Scholarship/Education Assistance application?
For Education Assistance:
- One passport size photograph
- Current Income Proof of Parent/Guardian/Self/Mother/Siblings etc. or Annual Income tax return
- Copy of last paid utility bills (Electricity, Telephone, Gas & Water)
- Copy of rent agreement or receipt of rent payment if residing in a rented house
- Copy (latest) of paid fee challan of siblings’ school/college/university fee (if applicable)
- Proof of any other income or any amount remitted from another city or country (if applicable)
- Copy of last qualification degree / mark sheet (for new students)
- Copy of CNIC of Parent/Guardian
If you are applying for a merit scholarship, the following documents are required:
- One passport size photograph
- Current registration slip
- Overall transcript
When and from where can I get a scholarship form?
Scholarships/Financial Assistance forms are issued by the Financial Assistance and Scholarships office twice a year in the following months:
- From January 1st to 15th and the last date for form submission is January 31st
- From July 1st to 15th and the last date for form submission is July 31st
How long does it take to receive a scholarship?
It will take three to four months after submitting the scholarship application. Applications of Educational Assistance on Need and merit scholarship are presented to the Finance & Planning Committee (F&PC) meeting which meets twice in a year in the m/o May and October. However, 50% fee of those students who applied on need is deferred till the final decision.
How do I know that my application is approved or not?
A letter will be sent through email to your student email ID.
Do I have to pay the full amount after submitting an application?
You have to pay the following amount as per your application category:
If applying for Educational Assistance on Need
You have to pay 50% tuition fee and full registration fee. The remaining 50% tuition fee will ue deferred till the announcement of your application status.
If applying for merit scholarship
You have to pay the full fee and if the scholarship is awarded then 50% tuition fee will be provided which will be utilized in subsequent semesters.
Contact For Scholarship
We are open on Monday – Saturday from 9am till 5pm, except on Fridays
Financial Assistance Department
Muhammed Hassan Sayeed
Admissions Department, Administration Building
Institute of Business Management, Korangi Creek-75190
(+92-21) 111-002-004 Ext. 459
