With today`s decision, the course fees for the PGP and PGPX programme would approximately be around Rs 14.5 lakh and Rs 21 lakh respectively.
The decision on the fee hike was taken at a meeting of the IIM-A Board of Governors held here.
"The board has decided to increase fees for the PGP courses in management and Agri-Business management by 5.5 per cent," IIM-A director Samir Barua told PTI.
"The course fee for the Post graduate Programme for executives (PGPX) has also been hiked by five per cent," he said, adding the Board has approved the increase in fees that would be implemented from the next year for the batch of 2011-13.
Last year also, the IIM-A had hiked the course fees for its flagship PGP in management and agri-business management by 9.6 per cent.
Barua said that during the meeting the proposal for reducing the number of members in the Board from 25 to 15 was also approved.
With this decision, the central and state government will have two members each on the IIM-A governing council instead of four members each. Earlier, two members each were directly appointed while two each nominated by the central and the state government.
"The decision would now be sent to the government for ratification," Barua added.