IMI Bhubaneshwar, established in 1981, is India's inaugural corporate-sponsored business school. Recognizing the importance of financial support for diligent students, the institution offers scholarships for its PGDM and FPM programs, allowing them to fully focus on their studies. The PGDM (Post Graduate Diploma in Management) is a full-time course spanned over two years, and FPM (Fellow Program in Management) is a four-year course. The scholarships for these courses can be broadly categorized into two: Scholarships for PGDM and Scholarships for FPM.
IMI - PGDM Scholarships
The scholarships for PGDM at IMI Bhubaneshwar are sub-divided into two types: Pre-Admission Scholarships and Post-Admission Scholarships.
The following table provides details about the Pre-Admission Scholarships:
| Scholarship Type | Eligibility | Award |
| Merit Scholarship | At least 80% in CAT/XAT/CMAT and GMAT + First Class Career | Up to INR 1,00,000 |
| Merit Scholarship for Women | Same as above | 20% additional scholarship |
| Defence Personnel | Wards of defence personnel and martyrs | INR 50,000 and INR 1,00,000 respectively |
Post-Admission Scholarships, on the other hand, are provided to students with impressive academic records. As part of this scheme, IMI Bhubaneshwar also offers Summer Internships to encourage and support the students' growth and development.
IMI - FPM Scholarships
IMI Bhubaneshwar offers a limited number of scholarships to aspirants of the Fellow Program in Management (FPM). This scholarship includes a monthly stipend, an annual contingency grant, opportunities to attend conferences, workshops, and summer schools, and a substantial research incentive. Please refer to the table below for more details:
| Benefit | Amount |
| Monthly Stipend for 1st and 2nd Year | INR 31,000 per month |
| Monthly Stipend for 3rd and 4th Year | INR 35,000 per month |
| Contingency Grant (2nd and 3rd year) | INR 25,000 per annum |
| Conference/Workshop/Summer School Allowance | INR 75,000 |
| A+ and A-Star Research Incentives | INR 1,00,000 & INR 2,00,000 |