Goa Institute of Management is one of the top institutes that offer management courses to its students. It is a private Institute. It offers several courses like PGDM, BIFS, HCM etc. For the 2023-2025 session, the fee stands at INR 19.4 Lakhs for a full two-year programme. It has hostel facilities for students as well, that cover lifestyle comforts. The fees vary according to Occupancy and other facilities.

As compared to other Top Management Institutes, Fees for GIM are on an average mid-level. Students can also pay their yearly fees on instalment basis.

Goa Institute of Management Courses and Eligibility Criteria

The details of all the courses offered by GIM Goa are mentioned in the table below:

Courses

Eligibility Criteria

PGDM

1. Bachelor’s Degree with minimum 50% aggregate (45% for SC/ ST candidates). Candidates must have completed all formalities regarding their degree by June 2025. 

2. Must have taken/ appeared for XAT 2025/ CAT 2024/ GMAT/ GIM Analytics Aptitude Test (GAAT) for PGDM DBA only.

Results for GMAT held between 1 January 2023 and 15th January 2025 (Including GMAT, Focus Edition) are to be considered. 

PGDM (HCM)

PGDM (BDA)

PGDM (BIFS)

IDA

1. Minimum 50% aggregate in Bachelor’s Degree + a Statement Purpose

2. Must have taken/ appeared for XAT 2025/ CAT 2024/ GMAT taken between 01 January 2023 to 15 January 2025 (Including, GMAT Focus Edition ). 

3. The candidate must appear for at least one of the following English Proficiency Exams among TOEFL iBT (Minimum score: 100)/ IELTS (Minimum score: 7.0)/ Cambridge English Proficiency exam (CPE) - Minimum grade: C/ Cambridge English Advanced exam (CAE) - Minimum grade: B/ Cambridge English Business Certificates (BEC) - Minimum grade: B

4. The candidates will have to appear for the GIM Analytics Aptitude Test (GAAT).

5. The age of the candidate as of 1st June 2025, should not exceed 26 years

Hybrid PGDM

Min. 50% aggregate in 3 yrs. Bachelor’s degree + Interview

FPM

  

1. A Master’s Degree / Equivalent in any discipline, with at least 60% marks or equivalent Grade Point Average + 60 percent marks in the higher secondary schooling (10+2) or equivalent.

2. Applications should include a statement of purpose and a brief research proposal and a Letter of Recommendation.

Important: GIM has decided to not consider CMAT scores for the 2024-2026 session.

Goa Institute of Management PGDM Fees 2024

Goa Institute of Management MBA fees is INR 19.4 lakhs for 2 years. The fee structure of the PGDM specializations is mentioned below:

Courses

First Installment

Second Installment

Third Installment

Total

PGDM

50K + 4,40,000

4,90,000

9,60,000

19,40,000

HCM 

(Healthcare Management)

50K + 4,40,000
 

4,90,000

9,60,000

19,40,000

BDA 

(Big Data Analytics)

50K + 4,40,000

4,90,000

9,60,000

19,40,000

BIFS 

(Banking, Insurance & Financial Services)

50K + 4,40,000

4,90,000

9,60,000

19,40,000

Caution Deposit

  • First-year students are given rooms of double occupancy. From 2nd year, they are allotted single occupancy rooms.
  • There is provision of a certain Caution money amount of INR 25,000 , that needs to be deposited. The Caution Money is refundable and will be refunded to the student when he/she leaves the Institute and is verified total clearance of all payments and dues.
  • An amount of INR.5000/- will be taken from the refundable caution deposit following graduation. It would be credited as a membership fee to the GIM Alumni Association.
  • Once fees are paid, they are not refundable, in case of discontinuation of the programme by students.

Goa Institute of Management Hostel Fees

  • Goa Institute of Management houses nine hostels that are equipped with qualitative facilities. Out of these, two are co-ed, three are exclusively for girls, and four are exclusively for boys. The co-ed hostel is most popular and busy - anyone can visit each other's hostel anytime. Each hostel possesses a common room that is used for group gatherings for assignments, student meetings or enjoying sports matches together.
  • The mess food is known to be good, with options of Indian and continental. This is a good move by mess authorities to take care of students' taste as going out isn't majorly possible.
  • Only one hostel has the facility of AC and the most expensive, the rest are non-AC. First-year students are usually allotted rooms with double occupancy. Second-year students are allotted with single occupancy. AC hostel allotments are single and come with personal baths as well.
  • This arrangement aims to build social values and caters to teach priceless life lessons of adjustment to situations and communication on social levels. The schedule in GIM is very hectic, and students seldom get time to stay in the hostel, mostly just for sleeping or preparing for studies. GIM hostel premises are busy 24/7 with unending activities like assignment gatherings, Preservation preparations, normal conversations, game nights etc. The hostel life is very important as it nurtures bonds and also helps the students grow through various milestones and Challenges, creating friendships that last long.
  • Goa Institute of Management is situated amidst the scenic hills of Goa. As one of the top management institutes of Goa as well as India, it provides quality modern classrooms, computer labs that are well equipped, an updated library, and recreational facilities. The library has over 24,800 books related to their courses. It also keeps hard copies of journals that are available online and around 103 hard copies of global-level journals of management. It aims at providing an overall learning and growth-nurturing environment.

Occupancy Type

Term 1

Term 2

Term 3

Term 4

Term 5

Term 6

Double Occupancy – Non AC

43,575

22,575

22,575

22,575

22,575

22,575

Single Occupancy – Non-AC

47,775

26,775

26,775

26,775

26,775

26,775

Single Occupancy – AC with Bath

85,575

64,575

64,575

64,575

64,575

64,575

FAQs

Ques. Is it worth doing an MBA from Goa Institute of Management?

Ans. Goa Institute of Management is a Tier–3 college. GIM Goa placements 2024 witnessed an average CTC of INR 15.6 LPA, while the highest CTC offered was INR 29 LPA.

Particulars

Details

Ranking

33 by NIRF

Total Fee

19.40 Lakhs

Entrance

XAT, GMAT, CAT

Companies Visited

BMW, JP Morgan, Reliance, etc

Seat Intake

300

Highest Package

29 LPA
  • This depends on personal perspectives, as to how far the growth is seen. Based on student performances, numbers ought to differ. The fee structure states a minimum of 19.4 Lakhs for a full programme. Hence, the Return of Investment (ROI) doesn't really look promising.
  • Regarding the entrance and admission, students must monitor their academic progress and go forward. In case students feel like they can perform better at the Entrance exams for one extra time, they can take a one year drop. However, if they have enough confidence to grow, they can go for it.

Ques. How is the placement status of Goa Institute of Management?

Ans. Goa Institute of Management has shown steady placement for its PGDM courses. For the year 2024, PGDM received the highest CTC of 26.3 LPA, 14.81 LPA being the average. The top 100 placed students had an average package of 16.7 LPA.

Big Data Analytics showed similar stats. The highest package was 22.5 LPA, and average was around 15.6 LPA. 77% students that got placed came from an engineering background.

Healthcare Management incurred a highest package of 29 LPA with an average of 14.25 LPA. 50% of placed students were freshers. They also achieved 100% in summer internships with an average of Rs. 81,397 for 2 months. The highest stipend was Rs. 3,00,000 for 2 months.

For BIFS (Banking, Insurance

& Financial Services), the highest and average packages were 22.3 LPA and 15.4 LPA respectively.

Ques. How many seats are there in Goa Institute of Management?

Ans. Total PGDM intake in Goa Institute of Management is 300 seats.

Ques. What is the ranking of Goa Institute of Management?

Ans. Goa Institute of Management has been recognised as one of the top institutes that provide Quality MBA education. Catering to criteria like Faculty quality, Employment weightage, the college stands stop other colleges and universities. Among the Management Institutes ranking category published by NIRF, GIM has shown an increment in rankings in 2023 as compared to previous year. In 2023, it ranked at 33, 3 ranks higher than that in 2022. Also, it's ranked in the Top 50 Management Institutes in the country, for the third consecutive year.

Ques. Is it compulsory to live in a hostel in Goa Institute of Management?

Ans.Being a residential programme, students need to stay in a hostel. Early application might earn some discount in registration.

Ques. How many acres is Goa Institute of Management?

Ans. Goa Institute of Management campus is 55 acres.

Ques. What is the stipend for Goa Institute of Management?

Ans. According to the Goa Institute of Management summer placement report 2022-24, the highest stipend received was INR 3,00,000 and the average stipend was around INR 80,000.