Overview Of Fee for MBA
If you are planning to study MBA in abroad then kindly think twice because studying business administration in India is less expensive compared to the foreign country. Now many of the Indian universities are having tie up with many international universities to provide good quality education for the students. The students have to pay double the amount of cost to study in abroad. For example, if you spend around twenty-five Lakh in India then you will need about fifty Lakh to study in the US. In abroad you have to pay more for your accommodation whereas in India you will spend low.
You can find here the fee details of the top business schools in India according to a survey conducted a couple of months before. This will help the students to choose their business school. To study your business administration course in IIM Bangalore, you have to pay around seventeen Lakh. The course fee in IIM Ahmadabad is about fifteen Lakh. The fees structure will differ in the case of IIM Calcutta. You will need around thirteen Lakh to do the course. The students have to pay ten Lakh to do the course in IIM Lucknow. This fees structure will be similar in IIM Kozhikode. The MBA fee in IIM Indore is thirteen Lakh. You have to pay sixteen Lakh to do MBA in the Great Lakes management school. The fees will differ depend on the ranking of the B-School and the facilities provided by the business schools.
Doing MBA is a good decision. Before doing MBA, you should think about the financial needs. If you are good in academics then your burden will be low compared to others. You can apply for merit scholarship in the top B-Schools. Some of the management schools will scrutinize the candidate applications at the time of admission itself. The students can also get the educational loans. The candidates have to spend the cost starting from the application, preparing for the exam and applying to several business schools. The candidates should be ready to manage the financial requirements.
If you are not interested in doing MBA in the top business schools then you would require only low costs to do the course. You can also consider doing part-time MBA. So you can also earn while you are doing MBA. Now some of the business schools are offering online MBA. By doing online MBA, you may not require money for accommodation.
To manage your expenses, you have to do part-time work in other countries. Now the top business management schools are offering placements in the international companies also.
The business schools will admit the candidates with little work experience but in the US and some other countries they would expect at least three years of management work experience and that too in a reputed and globally recognized companies.
But in foreign countries technology advancement is more compared to India. The students can learn more about the technology especially if they are doing international business management course or E-business. They will be a step ahead compared to Indian students. The infrastructure of the foreign universities will differ from the Indian universities. The opportunity for doing the internship will be more in abroad.
If you studied in the top ten B-Schools in abroad with the good academic record then you will be placed in a higher position. So the initial salary you would receive will be more in abroad after the completion of the degree.
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