FEES AND FINANCING

Reinvent Your Present and Start Your Future

The Master of Science in Innovation & Business (MSIB) program is committed to provide our diverse pool of candidates an accessible and world-class quality education. The program is structured to provide MSIB graduates with the needed skills to properly manage and design innovations in a start-up or corporate setting.   

PROGRAM FEE

The 15-month, part-time MSIB program fee for the April 2021 intake is USD 19,500.

A reservation fee of USD 1,000 will be asked of the student upon acceptance of the admission offer to reserve a slot/seat in the class. This fee is non-refundable but fully deductible from the total program fee. 

See schedule of fees here.

PAYMENT OPTIONS

Please refer to this document for information on our payment options.

Payment in Philippine Peso (PHP) and US Dollars (USD) are accepted. Fees paid in PHP are based on the prevailing USD/PHP exchange rates. You may request for exchange rate assessment from AIM before making a payment.

AIM Loan Programs for Filipinos (Applicable to Program Fee Only)

The Aboitiz Group, through the Aboitiz Foundation, made an historic donation of over half-a-billion pesos ($10 million) to the Asian Institute of Management (AIM) Scientific Research Foundation to help address the demand for skills and talent in data science and innovation in the country as well as the region. The endowment translates to facilities improvements and in the form of 0% interest loans that will help students focus on what matters most – their education.

Study Now, Pay Later Zero Interest Loan Program

    • Repayment Tenure – 3 years or 5 years
    • Monthly Amortization – starts 6 months from the scheduled end-date of the program
    • Maximum loan amount depends on the salary before joining the program
    • Interest Rate of 0%
    • Limited slots only (merit-based)

Commercial Loan Program

    • Repayment Tenure – 3 years or 5 years
    • Monthly Amortization – starts 3 months from the scheduled end-date of the program
    • Indicative Interest Rate of 10.5%
    • Maximum loan amount depends on the salary before joining the program

Applicants must first be accepted into the program before they can avail of the loan program. No collateral is required to apply for any of these loans, however a Co-Maker will be required. 

To explore other financial options, you may email us at MSIB@aim.edu.

AIM Scholarships and Grant-in-Aid

Scholarships are awarded to applicants who demonstrate excellence in their admission test scores, academics, career, innovation experience, leadership, and other competencies.  

Scholarships are awarded based on merit to those applicants who exhibit strong AIM values and ideals and can be champions of the brand as a student and future alum.

Requirements:

    • Letter of Intent
    • Certificate of employment with monthly salary information included
    • Income Tax Return (ITR)/Payslips
    • Affidavit of family income (download template)

Scholarship applications will only be processed once candidates are admitted to the program. AIM reserves the right not to award these scholarships if no suitable, outstanding candidates are identified.

To explore other financial options, you may email us at MSIB@aim.edu.

The other costs to be considered are:  

  • Food, accommodations (e.g., dorm), and paraphernalia outside regular case materials will be for the account of the student.
  • Study tour or innovation hot spot immersion which exposes students to different investors and possible partners. It also provides students with an idea of the innovation ecosystem of another country and how industries work differently than their own. It is optional. 

ALUMNI PRIVILEGES

Family members of an AIM degree program alumnus/alumna with 1st degree of consanguinity (parent or child) and affinity (spouse) will be entitled to 20% discount on the total program fee. 

Alumni of School of Executive Education and Lifelong Learning (SEELL), formerly School of Executive Education, programs including alumni of AIM’s Basic Management Program (BMP) and Management Development Program will be entitled to 10% discount on the total program fee.