All for an MBA degree
Gone are the days when students had to ask their parents for the capital to study at IIMs.. These days once u get thru the rigorous competition and get urself a seat in any of the IIMs its not a problem to get a loan. The whole fees can be taken as a loan and the student needs to repay this only after getting a job when he/she completes the course at the IIM. So i do not think that its creating much pressure on the students itself.. Why do they need to care..? If we take a glance at the pay packages they recive once they are out its a nominal issue of repaying the loan.
Banks are more than happy to give study loans to students in the IIMs.. they know their future prospects and they do not have to worry..
Then why is everyone creating such a hype when the IIM increases its fees? Looking at the amount the IIMs spend for each student which comes to almost double of what they are paying as fees it seems very acceptable to increasing the fee to some extent. Also the faculty needs to get pay hikes. evryone needs a pay hike.. so why not go ahead and revise the fee structure of the IIMs..
With board members such as Narayan Murthy in IIM ahmedabad we can trust them .. atleast they have proved themselves.. Take for example .. imagine a man building such an empire .. will he make such a mistake or play with the lives of the students.. we can trust him when he says that it is necessary to increase the fees..
Keywords: MBA Degree Management Fee Infosys Narayan Murthy Pay Bank increase Loan
Banks are more than happy to give study loans to students in the IIMs.. they know their future prospects and they do not have to worry..
Then why is everyone creating such a hype when the IIM increases its fees? Looking at the amount the IIMs spend for each student which comes to almost double of what they are paying as fees it seems very acceptable to increasing the fee to some extent. Also the faculty needs to get pay hikes. evryone needs a pay hike.. so why not go ahead and revise the fee structure of the IIMs..
With board members such as Narayan Murthy in IIM ahmedabad we can trust them .. atleast they have proved themselves.. Take for example .. imagine a man building such an empire .. will he make such a mistake or play with the lives of the students.. we can trust him when he says that it is necessary to increase the fees..
Keywords: MBA Degree Management Fee Infosys Narayan Murthy Pay Bank increase Loan
posted by -The Person
2 Comments:
Quite true. But i would like to pull your attention to a bitter fact. Every year more than 150000 students appear for CAT (an entrance test to get into IIM's) and the fees they pay for this test is atleast Rs 1100/-. So just imagine how much revenue these institutes are hoarding from students aspiring for MBA. So even if they are increasing the fees, they should cut down on forms and other admission procedures. If they cant do this, then the govt should have a common entrance test for all MBA colleges which should include IIMs as well.
well vivek has a good point although not entirely relevant to the topic. NRN's arguments for increasing the fee of faculty in India are based on the need to retain talent and poor ratio of domestic to international salaries of faculty and researchers.... valid point...
well even I think the fee hike is justified not only because the student will be in a position to pay back but also because of the same reasons which NRN had used.
as far as charging high fee for CAT is concerned, they are slightly justified in the way that atleast that they conduct an exam and spend to make arrangements for exam related itineries but what abt colleges like MDI who although take admission based on CAT results still charge for application fee.
Another advantage is this builds up college corpus funds which the college with good will uses to help needy students... not all colleges came out in protest to MMJ's move to bring the IIM's under govt's ambit and control
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