If a student chooses to exit the IPM program before completing five years, the outcome depends on the stage of exit. After successful completion of three years, the student is awarded a BBA degree. However, if a student withdraws before completing three years, they may not receive any degree, subject to institute policies. Fee refund (if applicable) will be governed by the official refund rules in force at that time. A formal withdrawal request must be submitted to the institute for processing.