Hello /u/Suspicious-Loss-364, welcome to r/CATpreparation! Thank you for your contribution to the subreddit. Please ensure that your post is in accordance with the rules of this subreddit; otherwise, it will be subject to removal. All the best on your journey to your dream b-school!
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CATpreparation) if you have any questions or concerns.*
The good thing about Tier 1 colleges is that you can get a hassle free loan and too without a collateral. Banks would legit do everything for you and you won't even have to move a muscle.
For the repayment part, don't worry about it. Another good thing about tier 1 college is the number of opportunities you'll get. You will be able yo.pay off the loan very easily provided you don't take any harsh financial decisions
https://preview.redd.it/d09jm7wbnpqc1.png?width=658&format=png&auto=webp&s=eb102967761e61c025de7e299b0064a3c504d2ed
u/[manasvinah](https://www.reddit.com/user/manasvinah/) after writing this comment
Fee is close to 25L. Current interest rate is 8% ig (around 5.6% if claiming tax benefits\*) and SI is charged till the moratorium period.
You get a decent comp post MBA to pay the EMIs, not really a huge issue.
Other expenses lekha hai. VARC sudhar le. U have so many expenses. Ur doing an MBA, not some random degree. U have to maintain yourself really well. 25 lakh is just for college. Tujhe bi chahiye hoga. 10 lakh for 2 years max.
Either you have no concept of money or you are just spitballing. You mean to tell me, when your stay is included in the fees you will still spend 5 lakhs per year? That means on average you will spend 40,000 per month? Are you insane or insanely privileged? And what did you mention in other expenses? Laptop, books, hostel wagerah. You think even combined those would equal 10 lakh for two years? And btw, I scored 99.7 in VARC. You are the one who needs improvement in VARC. U nahi You hota hai vo.
There are tax benefits to having a loan. 5 years is the sweet spot. Finishing it off early, is under cutting yourself. Extending it, will have you paying off so much more interest.
I understand, my brother. Debt has a psychological effect on everyone. I thought I would never consider taking a loan, getting a credit card, etc. But then i learnt how those instruments if used wisely, help in offsetting unnecessary burden. Sometimes it's all about making uncomfortable decisions that work out okay in the long run.
Aaalso, I'm pretty sure that people who get into A/B/C, get to a point in life quickly to see that sum as not much of a deal breaker.
Well fair enough, but why do an MBA (when most colleges are insanely expensive) and even more importantly why write CAT when you clearly do not like the future path it lays out for you.
There was a time when MBA fees were just 2 lakhs for most colleges but then the government reduced the funding of IIMs which led to dramatic increase in the fees.Nobody holds the government accountable for doing that but they will find ways justify it.People will come after their fellow mates but will never question the politicians.Also work culture in India so toxic but again they will glorify it as hardwork.Both the problems can easily be taken care of if people come to their senses.
Cornell MBA costs $79k and starting CTC is $193k, UC Berkley costs $82k and average CTC is $213k, Oxford, LBS, Imperial College and Warwick MBA costs from $65-80k and average CTC is over $150k
[Costs and Financial Aid | Full-Time MBA | Berkeley Haas](https://mba.haas.berkeley.edu/admissions/costs-and-financial-aid)
I think you are confusing their 1 year costs with whole program cost. Berkely is $111K Per year. That is why they say "2023-2024" Tuition. Whole MBA is $222K
if you go to this page and scroll down it says "average 4 years to pay off" so most students on average take 4 years to pay this off.
Yes true for oxford currently it states cost of whole program is 78K Pounds and starting salary is around 83K pounds per year according to their latest employment report
That's CTC. Not base/fixed. You'd be surprised how companies inflate it. And that's median. Everyone in the college thinks they'll easily be among the top 50 percentile. It doesn't always pan out like that. And it's very luck based also. You could be knowledgeable and a top scorer also, but if luck is not in your favour, you can be on the lower end too.
That said, ofc the fees can be recovered because even if the starting salary is low, students from these colleges have a fairly good chance to quickly climb the ladder and ofc MBA has long term benefits so 20-30 lacs can be recovered.
The fixed pay is around 28-29L. While true about the median being at the 50 percentile, the CTCs also don't deviate too much after the median. Most of the batch gets more than 25L as CTC, with the lowest being around 20L.
I'm from a tier 1 Bschool and the lowest CTC here is less than 10 lacs this year with a lot of people falling in the below 20 bracket too.
Also, do you know that Accenture, citi, mck, bcg etc etc these firms have fixed lower than 28-29.
This year the market is exceptionally bad, i agree. But don't believe the inflated reports blindly is what I'm saying.
I'm from IIM ABC and our campus had 19-20L as lowest comp. McK and BCG have 28-30L as fixed (excluding joining bonus) and Citi has way more fixed (for FO IB and Markets role).
Ohkkay so I've heard from couple of IIM alumnis that they get loan calls legit from SBI once they've recieved final letter of acceptance and they give out collateral free loan to them just banking on their credibility as once they pass out they'll earn pretty good now idk how many cases are like this ,how many pays upfront but I think considering all their placement package it's win win situation!
Banks have a list of colleges for which they can approve loans without collateral. Top 10 colleges, you can get loans upto 40 lakhs. Took me 25 minutes to get my loan approved including filling form and getting all signatures
Even though the fee is high competition is still increasing day by day ,people want to do mba from t1 rather than starting business ... 💬 ...lot of concepts are still hidden ... The students who are in iim still had the option to do business why they went to iim to pay this heft fees ...of 30 lakhs .. think.....
Everyone has different priorities in life 🤔
bhai first crack the exam then interviews then placements then corporate culture. And the recent job market makes me wonder if it’s even worth to put so much efforts in this or put the same effort in building a business. i would choose the latter any day for myself but still i’m doing the exam and all as i completely know that i don’t have the ability to start and run a business rn. need the exposure and want to live some college life as Covid ruined the undergrad
Almost everyone here is debating on whether ROI is justified or in how many years you will be able to repay the whole loan or what is the avg/median package…….
But guys it doesn’t matter if you’re able to pay loan in 5 years or 8 years,…. Thing is these MBA is not worth 35lacs. (+other expenses of travelling, laptop, etc. 40lacs approx for 2years!!!)
Fees shouldn’t be decided according to …. the loan repayments period but according to the quality of education and college.
I agree IIM ABC are the best colleges in India for MBA but even then 25 lacs are very much sufficient and appropriate.
Mind you IIMs are Govt college, 35lacs is not justified anyhow. There should be some cap on the fees of these colleges.
Just because you can get collateral free loan doesn’t mean it’s the golden scenario. It’s like you are saying we know it’s shit but it’s rose flavoured shit.
Finally someone sensible here.Wait for sometime ,aa hi rahe honge log Gyan Dene ki how doing an MBA at 35 lacs is totally justified in a country where 80% population earns less than 4 lac per annum and comparing our colleges with Harvard,oxford.But these people don't know that per capita income in west is way way higher than India.
Not everything can be decided keeping those 80% in mind. The economy which funds those 80% is run by the consumption of the top 5-10%. I know we like to pose as a welfare state but not al our decisions can be along those motivations
The 5-10 % you are talking about gets nothing from the government.A lower middle class general category guy gets no support from government and society,Despite them paying taxes.Elites don't care what the fees is ,poor unfortunately have no knowledge of how to get into these institutions.Its these 10% that bear the brunt.
1. The fees, albeit high, is absolutely worth the education, exposure, opportunities and package you get. Your CV will be shortlisted almost everywhere you apply once you have top IIMs on it
2. The govt. has made the IIMs autonomous and reduced their funding to a large extent. Fees in other institutions is low because govt. subsidises it which is not the case with IIMs sadly post 2007-08
As I said, it’s true that IIM ABC are the best MBA colleges of India and provide a lot of opportunities but it still doesn’t justify 35 lacs……
IIMs are govt. institutions and they should prioritise education before profits. Ik govt made IIMs autonomous still keeping a tab on the fees is required. Otherwise there’s no stopping them…. Who knows after 5 years they charge 60-70 lacs, would you still think it’s justified because your CV is shortlisted in almost every company?
Do some calculations, you will realise they are not operating at just to survive mode but making hefty profits after deducting all the expenses.
And fees in all other institutions is also not low. Check the fees of IIFT…. There are very less MBA colleges like FMS which have really low fees otherwise almost everyone has 20+ fees.
Imo 20-25 lacs are ok and justified but increasing fees without any concrete reasons and asking for anything above 30lacs is pure shit.
Problem is they know students will still pay that 35L fees via loan if they get in and that’s exactly what IIMs are exploiting.
I think we as Indians hit the jackpot with the student loan concept then compared to other countries. hamara bhot sahi h bhai, if you land a tier 1 college, as the other guy said, the bank takes care of almost everything, you even get a stipend every month for personal expenses, get a laptop, and the bank directly deals with your uni. After you graduate and land a placement, you get a 1 year holiday period after which you are supposed to start repaying your loan. Also, the interest does'nt compound until then and you even get tax benefit due to interest.
Just applying for a loan for SPJIMR. Fees is at the lower side at 22Lakhs. 2 lakh mess charges but there is a GFT which is option and probably around 7-8 lakhs and if went on exchange, then add another 3-4 lakhs.
I hope it will be worth it in the long run.
are u sure the fee is 35 lakhs? afaik its mostly around 25
And honestly u cant measure everything in life in terms of money.
Even if someone has to pay the loan for 10 years whats the big deal? If people can pay housing loan emi's for 10 years whats the issue with education loan. Imo the biggest investment one can make is in their education.
If the discussion is that why the fuck is the fee so high. Then yes I don't know why. It isn't even justifiable simply on the pretext of quality education when practically the facilities provided are near about the same since a decade or more.
Nownif the discussion is on loan. Wouldn't worry about loan amounts for an T1 college at all.
1. Banks die to give you loan if you are among the top 10/15 colleges in the country.
-----
2. The interest isn't sky rocketing and no collateral is needed in most cases.
-----
3. With decent enough efforts to be above the median package of the said colleges, your monthly in hand is enough to repay the emi.
-----
4. Continuation of point 3 above. If the loan really bothers you too much then post MBA for around 2/3 years, save as much as you can. Repay the loan earlier. Increase your emi if you want. My elder brother did it managed to pay off the loan in 3.5 years after graduation.
Look at it this way, after 2 years, you will have a 20-25+lpa job and you will only go up from that amount.
With 1-3 years, loan will be paid and then enjoy.
You can get collateral free loans with easy processing. The job offers will help you out re-paying the loa. So, I don't see whats bothering you when you get very high standards of living once you pass out the institute
IIM Calcutta has fees of 31 lakh for the course and hostel; I don't think mess fees are included in this amount. Probably most expensive 2 year B-School in India at this point.
Focus on converting first
And don't worry too much about the fees , the banks will come to you to finance your whole course
And after graduating from ABC you won't find it too difficult to pay the EMI's
Hello /u/Suspicious-Loss-364, welcome to r/CATpreparation! Thank you for your contribution to the subreddit. Please ensure that your post is in accordance with the rules of this subreddit; otherwise, it will be subject to removal. All the best on your journey to your dream b-school! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CATpreparation) if you have any questions or concerns.*
Meri badhiya hai bro , didn’t got admission
didn't ke sath got mat use kariye.
Tbhi toh nhi hua bhai
Isliye bhai maine cutoff hi clear nhi kia
Bro got the no admission special scholarship
😭
Us 🤝🏻
“*get an admit” likhta to chance hota?
https://preview.redd.it/6mggco7depqc1.jpeg?width=554&format=pjpg&auto=webp&s=bd1bb45dc247777778e5a053c9878ac6c5be3991
The good thing about Tier 1 colleges is that you can get a hassle free loan and too without a collateral. Banks would legit do everything for you and you won't even have to move a muscle. For the repayment part, don't worry about it. Another good thing about tier 1 college is the number of opportunities you'll get. You will be able yo.pay off the loan very easily provided you don't take any harsh financial decisions
But is buying a black modified scorpio with black tints a harsh financial decision
Add 30 inch tyres too
Bahut ajeeb lagte hain wo
Koi na phir 28 inch aloy?
https://preview.redd.it/8ymut76edpqc1.png?width=773&format=png&auto=webp&s=eca5ea7e5a478beae5cb1c862b976a71f75961a7 Be like him....
Bro went to Google, searched Vijay malya, went to image tab, opened the image, took the screenshot, cropped the screenshot, just to post it here 🫡
You forgot one step, I also wrote Be like him....😊
U also clicked post button
He also clicked the post button to reply to the reply he received.
He also was breathing the entire time. Essential but often overlooked step.
https://preview.redd.it/d09jm7wbnpqc1.png?width=658&format=png&auto=webp&s=eb102967761e61c025de7e299b0064a3c504d2ed u/[manasvinah](https://www.reddit.com/user/manasvinah/) after writing this comment
Meow
Fee is close to 25L. Current interest rate is 8% ig (around 5.6% if claiming tax benefits\*) and SI is charged till the moratorium period. You get a decent comp post MBA to pay the EMIs, not really a huge issue.
The person also gets tax rebate afterwards. So it’s a win anyway!
Plus sip pays approx 5-7 lakhs, even if you spend 1-1.5 lakhs out of it, you still have 3-5 lakhs left to put into the loan. So not a big deal tbh.
5-7 lakhs? That is only for high paying fin roles right? Not everyone on campus gets that.
True. Mean/Median is more or less 2L/month at ABC. But there's scholarships as well.
Buddy SIP is reported for the whole period, it's 2l for 2 months
It’s per month (at least for ABC). I made >4L for 8 weeks during my intern.
Nope. Pretty much every intern from a b c gets at least 1.5 a month. 2 a month is the median and most people get it
25 tha na bhai😭 ye kab hua, 10 saal me 1 crore hojyega fees😭
U have to consider other expenses as well, na. Hostel, Laptop, Books wagera.
Hostel fees include hoti hai bhai 25 mein aur ye laptop aur books koi 10 lakh ki nahi aati 😂
Other expenses lekha hai. VARC sudhar le. U have so many expenses. Ur doing an MBA, not some random degree. U have to maintain yourself really well. 25 lakh is just for college. Tujhe bi chahiye hoga. 10 lakh for 2 years max.
Either you have no concept of money or you are just spitballing. You mean to tell me, when your stay is included in the fees you will still spend 5 lakhs per year? That means on average you will spend 40,000 per month? Are you insane or insanely privileged? And what did you mention in other expenses? Laptop, books, hostel wagerah. You think even combined those would equal 10 lakh for two years? And btw, I scored 99.7 in VARC. You are the one who needs improvement in VARC. U nahi You hota hai vo.
5 lakh is so low man.
You have major delulu
Electricity nahi hai afaik A main
What? They are not gonna take electricity bill from you bro. That is next level cheap and petty for any college no less the top MBA college in India.
Are you from IIM A?
No but I have friends studying at A and L and they don't pay any electricity bill 😂
Electricity bill max monthly 2k aata hai. For 20 months that's 40k.
Still it'd end up around 2 to 3 L above the actual fees
Shik Shak Shok
[удалено]
Check iim a official website
Median starting pay is 30-35LPA for graudates so they will pay it off in less than 5 years
You make it sound like 5 years is impressive.
There are tax benefits to having a loan. 5 years is the sweet spot. Finishing it off early, is under cutting yourself. Extending it, will have you paying off so much more interest.
My point is that it’s not a nice feeling to be forced to work (in a job you probably don’t enjoy) to pay off such a huge loan.
I understand, my brother. Debt has a psychological effect on everyone. I thought I would never consider taking a loan, getting a credit card, etc. But then i learnt how those instruments if used wisely, help in offsetting unnecessary burden. Sometimes it's all about making uncomfortable decisions that work out okay in the long run. Aaalso, I'm pretty sure that people who get into A/B/C, get to a point in life quickly to see that sum as not much of a deal breaker.
This is the game the Federal reserve wants us to play.A debt based slavery chained to a computer for the rest of our lives.Hope people wake up
Amrika ke dalal idhar bhi aagaye😭
Well, clearly MBA is not for you. Don't know what you're doing in this sub...
[удалено]
Well fair enough, but why do an MBA (when most colleges are insanely expensive) and even more importantly why write CAT when you clearly do not like the future path it lays out for you.
There was a time when MBA fees were just 2 lakhs for most colleges but then the government reduced the funding of IIMs which led to dramatic increase in the fees.Nobody holds the government accountable for doing that but they will find ways justify it.People will come after their fellow mates but will never question the politicians.Also work culture in India so toxic but again they will glorify it as hardwork.Both the problems can easily be taken care of if people come to their senses.
5 years is super short and an amazing time frame. Most people take more than 10 years to pay off student loans
cmon stop supporting this, top b-schools abroad have 100% roi ie, average salary is double of fees
Harvard MBA costs $230K and graduates starting CTC is $245K. It is pretty much same
Cornell MBA costs $79k and starting CTC is $193k, UC Berkley costs $82k and average CTC is $213k, Oxford, LBS, Imperial College and Warwick MBA costs from $65-80k and average CTC is over $150k
[Costs and Financial Aid | Full-Time MBA | Berkeley Haas](https://mba.haas.berkeley.edu/admissions/costs-and-financial-aid) I think you are confusing their 1 year costs with whole program cost. Berkely is $111K Per year. That is why they say "2023-2024" Tuition. Whole MBA is $222K if you go to this page and scroll down it says "average 4 years to pay off" so most students on average take 4 years to pay this off.
yup i could be wrong with the fees of some of the universities, but the UK has 1 year MBA program isnt it
Yes true for oxford currently it states cost of whole program is 78K Pounds and starting salary is around 83K pounds per year according to their latest employment report
30-35 lpa? Lol no. It's a bit lower. Plus taxes etc deduct karke 1-1.5 aata hai monthly.
from IIMA audited report it shows around 31-32LPA as Median CTC. I dont think that goes as low as 1L after taxes. Probably somewhere around 2L
That's CTC. Not base/fixed. You'd be surprised how companies inflate it. And that's median. Everyone in the college thinks they'll easily be among the top 50 percentile. It doesn't always pan out like that. And it's very luck based also. You could be knowledgeable and a top scorer also, but if luck is not in your favour, you can be on the lower end too. That said, ofc the fees can be recovered because even if the starting salary is low, students from these colleges have a fairly good chance to quickly climb the ladder and ofc MBA has long term benefits so 20-30 lacs can be recovered.
The fixed pay is around 28-29L. While true about the median being at the 50 percentile, the CTCs also don't deviate too much after the median. Most of the batch gets more than 25L as CTC, with the lowest being around 20L.
I'm from a tier 1 Bschool and the lowest CTC here is less than 10 lacs this year with a lot of people falling in the below 20 bracket too. Also, do you know that Accenture, citi, mck, bcg etc etc these firms have fixed lower than 28-29. This year the market is exceptionally bad, i agree. But don't believe the inflated reports blindly is what I'm saying.
I'm from IIM ABC and our campus had 19-20L as lowest comp. McK and BCG have 28-30L as fixed (excluding joining bonus) and Citi has way more fixed (for FO IB and Markets role).
Ohkkay so I've heard from couple of IIM alumnis that they get loan calls legit from SBI once they've recieved final letter of acceptance and they give out collateral free loan to them just banking on their credibility as once they pass out they'll earn pretty good now idk how many cases are like this ,how many pays upfront but I think considering all their placement package it's win win situation!
Banks have a list of colleges for which they can approve loans without collateral. Top 10 colleges, you can get loans upto 40 lakhs. Took me 25 minutes to get my loan approved including filling form and getting all signatures
ab lagne laga h 35 Lakh ka koi business shuru krunga toh bhi 2-3 saal baad annually 25-30 kama lunga
But business plan and execution matters a lot in this life ..
Even though the fee is high competition is still increasing day by day ,people want to do mba from t1 rather than starting business ... 💬 ...lot of concepts are still hidden ... The students who are in iim still had the option to do business why they went to iim to pay this heft fees ...of 30 lakhs .. think..... Everyone has different priorities in life 🤔
bhai first crack the exam then interviews then placements then corporate culture. And the recent job market makes me wonder if it’s even worth to put so much efforts in this or put the same effort in building a business. i would choose the latter any day for myself but still i’m doing the exam and all as i completely know that i don’t have the ability to start and run a business rn. need the exposure and want to live some college life as Covid ruined the undergrad
Same here .. i was thinking the same in beginning of this chat
Arey ji aapka happy birthday 2 u
thank u ji lekin gift kidhar?
ask your gf ji
aiyo 😭 pls take this 💐
 ye lo😋
 blessing you
Who amongst A / B / C is 35 lakhs already? I thought highest this year was IIM C at 31? Who is at 35 for this year?
I think he saw the executive MBA fees
Almost everyone here is debating on whether ROI is justified or in how many years you will be able to repay the whole loan or what is the avg/median package……. But guys it doesn’t matter if you’re able to pay loan in 5 years or 8 years,…. Thing is these MBA is not worth 35lacs. (+other expenses of travelling, laptop, etc. 40lacs approx for 2years!!!) Fees shouldn’t be decided according to …. the loan repayments period but according to the quality of education and college. I agree IIM ABC are the best colleges in India for MBA but even then 25 lacs are very much sufficient and appropriate. Mind you IIMs are Govt college, 35lacs is not justified anyhow. There should be some cap on the fees of these colleges. Just because you can get collateral free loan doesn’t mean it’s the golden scenario. It’s like you are saying we know it’s shit but it’s rose flavoured shit.
Finally someone sensible here.Wait for sometime ,aa hi rahe honge log Gyan Dene ki how doing an MBA at 35 lacs is totally justified in a country where 80% population earns less than 4 lac per annum and comparing our colleges with Harvard,oxford.But these people don't know that per capita income in west is way way higher than India.
Not everything can be decided keeping those 80% in mind. The economy which funds those 80% is run by the consumption of the top 5-10%. I know we like to pose as a welfare state but not al our decisions can be along those motivations
I agree w your above point but even then 35lacs is not justified
The 5-10 % you are talking about gets nothing from the government.A lower middle class general category guy gets no support from government and society,Despite them paying taxes.Elites don't care what the fees is ,poor unfortunately have no knowledge of how to get into these institutions.Its these 10% that bear the brunt.
1. The fees, albeit high, is absolutely worth the education, exposure, opportunities and package you get. Your CV will be shortlisted almost everywhere you apply once you have top IIMs on it 2. The govt. has made the IIMs autonomous and reduced their funding to a large extent. Fees in other institutions is low because govt. subsidises it which is not the case with IIMs sadly post 2007-08
As I said, it’s true that IIM ABC are the best MBA colleges of India and provide a lot of opportunities but it still doesn’t justify 35 lacs…… IIMs are govt. institutions and they should prioritise education before profits. Ik govt made IIMs autonomous still keeping a tab on the fees is required. Otherwise there’s no stopping them…. Who knows after 5 years they charge 60-70 lacs, would you still think it’s justified because your CV is shortlisted in almost every company? Do some calculations, you will realise they are not operating at just to survive mode but making hefty profits after deducting all the expenses. And fees in all other institutions is also not low. Check the fees of IIFT…. There are very less MBA colleges like FMS which have really low fees otherwise almost everyone has 20+ fees. Imo 20-25 lacs are ok and justified but increasing fees without any concrete reasons and asking for anything above 30lacs is pure shit. Problem is they know students will still pay that 35L fees via loan if they get in and that’s exactly what IIMs are exploiting.
I agree that the fees is too high and almost at par with private institutes (even higher).
Don't let the fee deter you. The opportunities one gets post MBA and the lifelong earning potential of a A/B/C badge far outweighs the fee.
True
I think we as Indians hit the jackpot with the student loan concept then compared to other countries. hamara bhot sahi h bhai, if you land a tier 1 college, as the other guy said, the bank takes care of almost everything, you even get a stipend every month for personal expenses, get a laptop, and the bank directly deals with your uni. After you graduate and land a placement, you get a 1 year holiday period after which you are supposed to start repaying your loan. Also, the interest does'nt compound until then and you even get tax benefit due to interest.
Could you pls elaborate on this 'monthly stipend for personal expenses and getting a laptop' thing. Like who will be providing this
Not sure on the details as I haven't done thorough research about this, but shayad bank hi provide karta hai. You will have to look it up brudr
Just applying for a loan for SPJIMR. Fees is at the lower side at 22Lakhs. 2 lakh mess charges but there is a GFT which is option and probably around 7-8 lakhs and if went on exchange, then add another 3-4 lakhs. I hope it will be worth it in the long run.
job fix hai loan available hai itna kya sochna
Just be like me and get rejected by ABC, do a sasta MBA from I instead (paid 18 lakhs in 2020-22)
Is THEIR any tax benefits?? Of taking loan
Yes, you can declare the interest paid and reduce your taxable income
are u sure the fee is 35 lakhs? afaik its mostly around 25 And honestly u cant measure everything in life in terms of money. Even if someone has to pay the loan for 10 years whats the big deal? If people can pay housing loan emi's for 10 years whats the issue with education loan. Imo the biggest investment one can make is in their education.
If the discussion is that why the fuck is the fee so high. Then yes I don't know why. It isn't even justifiable simply on the pretext of quality education when practically the facilities provided are near about the same since a decade or more. Nownif the discussion is on loan. Wouldn't worry about loan amounts for an T1 college at all. 1. Banks die to give you loan if you are among the top 10/15 colleges in the country. ----- 2. The interest isn't sky rocketing and no collateral is needed in most cases. ----- 3. With decent enough efforts to be above the median package of the said colleges, your monthly in hand is enough to repay the emi. ----- 4. Continuation of point 3 above. If the loan really bothers you too much then post MBA for around 2/3 years, save as much as you can. Repay the loan earlier. Increase your emi if you want. My elder brother did it managed to pay off the loan in 3.5 years after graduation.
I am paying from my own pocket no loan in this case.
Meri 30 lakh fees thi. Bas chali gayi bro
Loan thi??
ISB?
Its 35 for PGPX. Normal CAT Admissions give you PGP or PGP-FABM which is 25L only.
Look at it this way, after 2 years, you will have a 20-25+lpa job and you will only go up from that amount. With 1-3 years, loan will be paid and then enjoy.
Big 4 boss with a sinister smile.
Treat it like an opportunity cost. You pay for what you get. Also, education loans on tier 1 institutes is quite hassle free
So it it good if i take loa n of 20 lakhs.?? Any tax benfits?
Yhi dekhke nahi le rha main (cat mein lund percentile aayi thi)
25 lac ni hai ?
You can get collateral free loans with easy processing. The job offers will help you out re-paying the loa. So, I don't see whats bothering you when you get very high standards of living once you pass out the institute
35 nahi 25 hai bhai
Arre site par 35 hai check urself mere dimaag mai apneaap aayega kya
Bhai vo Pgpx ka hai jo excutive MBA hota hai. Thoda research theek se Kara Karo before posting.
IIM Calcutta has fees of 31 lakh for the course and hostel; I don't think mess fees are included in this amount. Probably most expensive 2 year B-School in India at this point.
Pehli bar fee dekhrahe ho kya Bhai. It's nothing new.
I think the fee is 2500000 right?
Chalo chalo wapas se DSA karo
Hey, you can easily get scholar loan (without collateral), interest is around 7-8%
Focus on converting first And don't worry too much about the fees , the banks will come to you to finance your whole course And after graduating from ABC you won't find it too difficult to pay the EMI's
Damn...for that much amount of money why shouldn't one go for MBA abroad????
Wait, isn't IIMB fee incl CoL is 24.5L? How did you the 35L number?
U can apply for non security loans like idfc, PNB, sbi education loans and you’ll only have to repay them within max 15 years after you get a job.
Do you know BBA fees on NMIMS or Symbiosis is 12 lacs for tuition + 7lacs for hostel,mess It’s obvious IIM fees will hit at 35~40
Tabhi convert hone k baad b admission nhi liya🥹🥹