FAQs of MBA
Page - 4
10. Cost of
Education
Compared to the lucrative
placements that any premier Indian management institute provides, the cost of
education appears moderate. The fees is about Rs. 1,20,000/- per year at the
IIMs for a residential programme, whereas at JBIMS for a 'day-scholar' programme
fees is Rs. 35,000/- per year.
11. Loans &
Financial Assistance
The fact that a student needs
financial assistance will not hamper his admission prospects. The best
institutes give priority and preference to requisite talent and not capacity to
pay the fees as a key criterion in the selection process.
The IIMs specifically mention
that once a student is selected, his ability to pay the tuition fees is the last
of the considerations. All IIMs state that no student, once selected, will be
refused admission if he is not able to pay the tuition fees. Furthermore,
numerous banks offer loans. Twenty five percent of the PGP students can expect
to get adequate financial assistance from the Institutes' funds, trusts and
companies.
Based on students' performance in
the first year of the programme, many institutes award scholarships for the
second year.
12. Institute
Application Procedure
You can apply to the institutes
after their advertisements appear. Most major institutes release an
advertisement for applications in the national dailies from August onwards.
Given the number of institutes
that vie for the students' attention, it is important that you do not end up
applying to too many. Institute applications cost money and you may end up
spending too much of it on applications. Lastly, the institutes and your
aspiration must be compatible; therefore, it is important that you apply only to
those institutes that will provide value to you.
13. Marketing
as a Career Option
Marketing in its broadest sense
is getting people and products together. This is the most popular specialization
among students of management. It comprises four specific function areas: -
