Investing money in reputed Business Schools like IIMs, XLRIs, Symbiosis or any Tier 1 Business Schools is a fair choice and no one will have any complaints. Because in these schools your ROI (Return on Investment) is very good, what you invest you get it back in no time. The average placement salary is high as compared to average Business Schools.The main question what could be ideal fee for normal Business Schools which are neither part of TIER 1 or TIER 2 Business Schools?At present normal business schools fee structure is also very high making it hard for the student and parent to afford. On average most business schools have their fee at about Rs 500,000 and take it up to 10 Lakh for only the tuition fee. The hostel, food charges, miscellaneous charges all together add upto Rs 200,000 for tow years.
Student should always look for these factors while investing in a Business School for MBA or PGDM.
- Faculty Profile
- Cost of Tuition Fee
- Actual list of companies who have visited the campus for placement, (normally colleges keep the list of recruiters where their students are working instead of keeping the companies who have visited the campus)
- Return on Investment
For normal Business Schools it is advisable that student should invest Max Rs 700,000 for the tuition fee. Beyond this it is unreasonable. Colleges don't give the actual average placement salary instead they give the best number possible.