When considering whether or not to pay around 170K for the first term at IIM Sambalpur, it is important to consider the potential financial loss and weigh it against the potential benefits.
In terms of placements, it is true that IIM Kashipur may have an upper edge, however, it is important to note that this difference will likely only make a significant impact on the top 10% of the batch. For the majority of students, the placements at both IIM Sambalpur and IIM Kashipur will likely be similar. Additionally, when considering future entitlements, it is important to remember that both IIM Kashipur and IIM Sambalpur are relatively new institutes, so the location may not hold as much value in the long term as building a strong personal profile.
It is ultimately up to you to decide whether or not you are willing to potentially lose the money, and if so, to not stress about it too much. On the other hand, if you are not willing to potentially lose the money, it is also important not to regret the decision in the long run.
Trust me if you get into any IIM, banks will be after you to get loans from them. Banks consider an IIM student a good investment and therefore offer educational loans at a very low interest rate.
My uncle’s son had cleared CAT and got into IIM Calcutta. He got a loan from a bank at an extremely low interest rate. He had to deposit a demand draft of INR 3,23,050 at the time of the MBA registration process (second week of June). The rate of interest is 8.4%. After MBA, you will be in the 30% tax slab. The interest paid on an education loan is tax-deductible. So, your effective rate of interest is 8.4(1–0.3)=5.88%. This is the cheapest loan one can get in India. So it’s recommended that you take a loan even if you have money.
Banks like SBI, CBI, BOI, and PNB will give you loans as high as 30 lakhs without any collateral.
Apart from loans, IIM Calcutta also offers a lot of financial assistance to financially weak students. Need-based-scholarships are offered. IIM Calcutta provides Financial Assistance to students whose family income is less than 8 Lakhs.
Rather than worrying about money focus more on your goals and academics.
The expense of Jawaharlal Nehru University is comparatively lower when compared with other institutes in India. The fee structure and expenses of life at JNU are detailed below
Admission Fee |
INR 300 |
Hostel Fee |
INR 1400-1600 per year |
Tuition Fee |
INR 300 per year |
JNU gives scholarships of INR 2000 to economically backward students, and they offer free health care facilities. So, the monthly expenses for a non-native student will range from INR 1000-2000 per month.
Some of my friends are pursuing their BS-MS degree from IISER Pune. From them, I got to know about the course fee. The 5-year long course costs around 3.88 lakhs in total. The total course fee for a year including different fees i.e. tuition fees, examination fees, other fees is around INR 77,017. In your first year, you will have to pay an additional amount of INR 3,000 as admission fees.
The program fee for MBA at LPU is INR 2 lakh per semester, and the exam fee is INR 4500 per semester.
I am attaching a screenshot with the fees and scholarship details for Phase II MBA Admission 2024 at LPU-
You can visit https://www.lpu.in/programmes/management/mba for more information.
The campus of IIM Ahmedabad offers stalls from banks that are ready to help you in the entire loan process.
Start your loan application process early. As soon as you get selected your college will get you in touch with the bank officials. Every bank has different interest rates. Choose according to your budget. You just need to fill and submit the documents online and wait.
The banks will cater to all your expenses like fees and reimbursements. All you need to do is drop your mail to the bank's mail ID. You will get instant credit in your account.
When you finally get a job after graduation you have to repay the loan within 6 months or a year.
Other than IIM Lucknow, the other management institutions in the city are very average. Jaipuria Institute of Management Lucknow is an average institution. It should not be on your priority list.
My friend applied to the Jaipuria Institute of Management Lucknow with no intention of joining it. She said that even though she gave the interview half-heartedly, she was still selected for admission.
This made my friend feel that the institution holds the personal interview as a mere formality. The main scope of the institution is to admit students and charge high fees, regardless of their scores, GD/PI performance, or other parameters of assessment.
During the placements in 2023, 300+ recruiters visited the campus for placements. The highest domestic CTC stood at 22 LPA and the average CTC stood at 12.34 LPA. The highest number of offers came from the Research & Consulting sector. The top recruiters were HDFC Bank, Deloitte, PWC, ICICI Bank, HCL, Eclerx, etc.
Though the 2023 placement figures are good for the Jaipuria Institute of Management Lucknow, I would still suggest you aim for joining the top business schools. You can always choose this institution in case you are not able to get admission into a better one.
The fees of BIT, Sindri, are very economical as compared to other colleges. Even the college provides a 100% fee waiver based on the merits. This esteemed institution in Dhanbad, Jharkhand, offers quality education in engineering and technology without imposing exorbitant fees on students. This affordability has made it an attractive choice for many aspiring engineers, helping them access excellent education without financial burden.
Here is the fee structure of a 4-year B.Tech including the admission fee –
Particulars(Per Annum) |
Amount |
||
General/BCl/BCll/ EWS |
SC/ST |
Girls/TFW |
|
Annual Fee |
Rs 7732.00 |
Rs 1957.00 |
Rs 32.00 |
Student Fund Fee |
Rs 7600.00 |
Rs 7600.00 |
Rs 7600.00 |
University Registration Fee |
Rs 500.00 |
Rs 500.00 |
Rs 500.00 |
Examination Fee Semester) |
Rs 2000.00 |
Rs 2000.00 |
Rs 2000.00 |
Hostel Maintenance Fee |
Rs 7000.00 |
Rs 7000.00 |
Rs 7000.00 |
Electricity Fee |
Rs 2500.00 |
Rs 2500.00 |
Rs 2500.00 |
Hostel Mess Fee |
Rs 3900.00 |
Rs 3900.00 |
Rs 3900.00 |
Total |
Rs 31,232 |
Rs 25,457 |
Rs 23,532 |
*From the second year the student fee reduces up to Rs 4525/yr
So, this affordability makes BIT Sindri first choice for IT aspirants coming from the economically weaker section. Though it maintains a good quality in academics and provides educational and personal growth to the students
The tuition fee for PGDIE at NITIE is 3.69 lakhs for the first year and 3.41 lakhs for the second year. This fee structure consists of your Hostel rent and other academic fees excluding mess fees.
Here is the detailed fee structure for PGDIE at NITIE.
Particulars | Total Amount (INR) |
Academic Fees | 6,60,000 |
Facilities Charge | 3,00,000 |
Student Welfare and Alumni Activities Charges | 1,33,000 |
Hostel Charges | 1,20,000 |
Deposits | 50,000 |
Total | 12,53,000 |
Furthermore, students from the reserved category are exempted from payment of Academic charges whose annual family income is less than Rs. 4.5 lakhs but then they shall have to pay all other fees, charges, and deposits.
For the sponsored category the tuition fees are two times and all other charges remain the same.
The fees structure of JBIMS for the MMS program is as follows
The total course fee for the MMS course of JBIMS is INR 6.05 lakhs. Students pursuing this program must pay an amount of INR 3.05 lakhs in the first year and INR 3 lakhs in the second year.