The Management says 'rising costs' as the reason for hiking the fees in IIMs. No, it is not so. Your products will get a hiked value only if you hike the fees. As you know for a common man, the doctor who prescibes a heavy dose of medcine at a higher cost is the "best doctor" Your products should be best so your only option is hike the price. Along with that please ascertain you maintain a high quality too in teaching. Along with fees hike there will be sdalary hike too as these two are complimentary.
