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    Why MBA is Expensive?

    CAT 2023 Percentile Predictor

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    Why MBA is Expensive?

    Edited By Himanshu Shekhar | Updated on Oct 23, 2023 06:05 PM IST | #CAT

    In earlier times, unlike professional courses like Law or Medical courses, an MBA did not have much recognition among the masses nor was it considered much prestigious degree like the other two mentioned above.

    It is about the 19th century when industrialization took place and society witnessed a rise in the demand for leaders who could manage big organizations since such leaders were capable of understanding the relation between expertise and the world force of a company. MBAs and MBA degrees became prominent in the management field in the middle of the 20th century.

    Why MBA is Expensive

    Along with the passage of time, MBA has built a solid reputation among the masses globally. The fact that this degree promises high employability and salary to fresh MBA postgraduates makes an MBA even a better opportunity as a career for students. But everything comes with a cost, so is a top MBA course. Once a student decides to pursue an MBA, along with appearing in top MBA entrance exams, he is expected to know about the hefty amount of fee he has to pay to the institution where he is pursuing his MBA degree.

    Despite being an expensive one, this course has gained so much popularity in the last decade as it opens a gateway of numerous opportunities for MBA grads once they complete their degree. In India, MBA is a 2-year postgraduate program that can be pursued in various disciplines like- MBA in Finance, HR, Marketing, and IT. The program is offered by the top and the most prestigious B-Schools across the country and IIMs (Indian Institute of Management), Symbiosis Institute of Management Studies, Symbiosis International, Faculty of Management Studies, etc are some of those Institutes. The fee structure of each Management school differs from that of each other. The fee for an MBA degree in India ranges between 6 lakh to 22 lakh.

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    Why does an MBA degree cost so much?

    Here are the factors that play a significant role in making MBA an expensive course:

    • Expertise of Faculties

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    It is the responsibility of B-Schools to provide their students with expert faculties who have excellent academic credentials. The knowledge of such experts comes at a cost and taking insights from such professors and mentors is one of the main benefits of pursuing an MBA. Hence, it’s quite reasonable for B-schools to invest in such faculty.

    • MBA is not just a qualification

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    While pursuing an MBA, one doesn’t only pay for their studies but also for the experience that they would miss out on otherwise. Studying MBA could cost more than just a tuition fee especially when one decides to move abroad and study at prestigious Management schools in America or Europe. It is needless to say moving out of your home country to another country for the purposes of study becomes substantially expensive.

    • Resources

    B-Schools do not provide for faculties and tutorial classes only, rather, these institutes always endeavor to offer their students more and more facilities such as school resources which include- hostel, library, mess, etc. Along with these resources, management institutes are also encouraging e-learning and digital learning models in order to make it easier for MBA students to learn through online programs. Such learning resources come at a cost.

    • Student Trips

    Apart from studies, MBA students at B-Schools add value to their experience by participating in various kinds of abroad trips to conduct big projects, workshops, programs, career fairs, etc. Such programs also incorporate a huge cost of learning.

    How can you make an MBA affordable?

    Before enrolling in an MBA program, one must thoroughly go through ways that might make

    their journey in B-school affordable. They can go for the options like:

    • Scholarships

    MBA is an expensive course, hence, to help bear the expenses, there exists an MBA Scholarship. One must research the MBA Scholarship opportunities available to them as it will open the doors for them to pursue a popular yet expensive course and help them to cover a part of their education expenses.

    Also, there are available scholarships for students belonging to a particular group or community which they can avail by fulfilling the basic eligibility criteria for such scholarships.

    • Student loan

    In case, where one fails to find any MBA scholarships or if no scholarships are available to them, then they can go for student loans given lower interest rates also.

    MBA is an expensive course but at the same time it promises career growth, personal development, and high salary along with great learning experiences.

    Top B-Schools MBA Fee Structure

    B-School

    IIM Fee Ranges (Approx in Rs.)

    IIM MBA Fees

    Rs 12,00,000 to 28,00,000

    IIT MBA Fees

    Rs 4,00,00 to Rs 21,00,000

    XLRI Jamshedpur

    Rs 16.8 lakh

    MDI Gurgaon

    Rs 24.16 lakh

    TAPMI Manipal

    Rs 16.50 lakh

    Great Lakes Institute of Management, Chennai

    Rs 21.25 lakh

    Frequently Asked Question (FAQs)

    1. Is it really worth doing an MBA?

    Doing an MBA is only worth the expense, time, and effort when a graduate plans to work in a business-related sector, in management, or as a company founder.

    2. Why MBA is costly in India?

    One of the most significant reasons behind the expensive nature of the MBA programs in India is the need for robust facilities and infrastructure. In order to deliver high-quality education, B-schools require well-equipped libraries, modern classrooms, audio-visual aids, computer labs, and other amenities. 

    3. Why MBA is more expensive than engineering?

    An MBA programme is designed to develop candidate's skills in various domains. However, Engineering course follows a single path. MBA degree is a qualification that gives a student a step-up in their careers and enhances their skills and competence. The MBA fee also includes an opportunity cost.

    4. What is the highest fees for MBA?

    Usually, the highest fee in Tier-1 MBA colleges ranges from Rs 15,00,000 to Rs 30,00,000. Apart from that the MBA fee structure in top IIMs ranges from Rs 15,00,000 to Rs 28,00,000. 

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    Hope this helps,

    Thank you

    Hi
    You can check your admission chances to top B-schools based on your percentile using the Careers360 CAT College Predictor , it will help you know about your chances based on the past year's cutoff.

    https://bschool.careers360.com/cat-college-predictor

    Hello,


    Getting into top business schools like IIM Ahmedabad or IIM Bangalore is highly competitive and admission decisions are based on various factors which includes CAT scores, academic performance, work experience, and more. While having a very good score in CAT is important, it's not the only criteria for admission. It's also essential to have a well-rounded profile and stand out in other areas.

    Since you don't have good academics, I suggest you to perform well in your graduation and also build you profile by doing courses, extra curricular activities and most importantly internships. This will help you standout along with your brilliant CAT score.

    Hopw this helps,

    Thank you

    Hello,

    As you have not mentioned your score here is the rough idea according to different scores-

    B-School    Expected CAT Cutoff

    FORE School of Management Admission at   76 to 85.75 Percentile

    IMT Ghaziabad PGDM Admission at    93+ Percentile

    NITIE Mumbai Admission at    95+ Percentile

    TAPMI Admission at 85+ Percentile

    Hope this helps you,

    Thank you

    Hello,

    With your CAT percentile and work experience in the telecom industry, you have a good chance of getting admission to some reputed MBA/PGDM colleges. While I do not have access to specific admission criteria for each college, I can provide some general guidance. GIM Goa, or Goa Institute of Management, is a well-regarded B-school. Your CAT percentile and work experience make you a competitive candidate for admission. However, admission decisions also depend on various other factors like academic records, extracurricular activities, and performance in the selection process, which includes group discussions and personal interviews.

    Hope this helps you,

    Thank you

    https://www.google.com/amp/s/bschool.careers360.com/exams/cat/amp


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    1-radian measures 600. (True/False)

    Option: 1

    True


    Option: 2

    False


    $111111^2$ = 

    Option: 1

    123456654321


    Option: 2

    123454321


    Option: 3

    123454321


    Option: 4

    12345654321


    1111112 =___________ 

    Option: 1

     123456654321


    Option: 2

    1234554321


    Option: 3

    123454321


    Option: 4

    12345654321


    159702 is divisible by

    Option: 1

    7


    Option: 2

    9


    Option: 3

    11


    Option: 4

    6


    1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

    The following facts are known about the satellites: 

    1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

    2. The number of satellites serving all three of B, C, and S is 100. 

    3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

    4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

    Question:

    What best can be said about the number of satellites serving C? 

    Option: 1

    Must be between 450 and 725 

     


    Option: 2

    Cannot be more than 800 
     


    Option: 3

    Must be between 400 and 800 

     


    Option: 4

    Must be at least 100 


    1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

    The following facts are known about the satellites: 

    1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

    2. The number of satellites serving all three of B, C, and S is 100. 

    3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

    4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

    Question:

    What is the minimum possible number of satellites serving B exclusively? 

    Option: 1

    100


    Option: 2

    200


    Option: 3

    500


    Option: 4

    250


    1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

    The following facts are known about the satellites: 

    1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

    2. The number of satellites serving all three of B, C, and S is 100. 

    3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

    4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

    Question:

    If at least 100 of the 1600 satellites were serving O, what can be said about the number of satellites serving S? 

    Option: 1

    At most 475 

     


    Option: 2

    Exactly 475 
     


    Option: 3

    At least 475 

     


    Option: 4

    No conclusion is possible based on the given information 


    1600 satellites were sent up by a country for several purposes. The purposes are classified as broadcasting (B), communication (C), surveillance (S), and others (O). A satellite can serve multiple purposes; however a satellite serving either B, or C, or S does not serve O. 

    The following facts are known about the satellites: 

    1. The numbers of satellites serving B, C, and S (though may be not exclusively) are in the ratio 2: 1:1. 

    2. The number of satellites serving all three of B, C, and S is 100. 

    3. The number of satellites exclusively serving C is the same as the number of satellites exclusively serving S. This number is 30% of the number of satellites exclusively serving B. 

    4. The number of satellites serving O is the same as the number of satellites serving both C and S but not B. 

    Question:

     If the number of satellites serving at least two among B, C, and S is 1200, which of the following MUST be FALSE? 

    Option: 1

    The number of satellites serving C cannot be uniquely determined 

     


    Option: 2

    The number of satellites serving B is more than 1000 
     


    Option: 3

    All 1600 satellites serve B or C or S 

     


    Option: 4

    The number of satellites serving B exclusively is exactly 250 


    2839155 is divisible by

    Option: 1

    2


    Option: 2

    7


    Option: 3

    55


    Option: 4

    None of the above


    'a' for which x^{2}-ax+9= 0 can be written as square of a linear factor is

    Option: 1

    6


    Option: 2

    -6,6


    Option: 3

    \left ( 6,\infty \right )


    Option: 4

    \left ( -\infty,-6 \right )


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    Producer

    An individual who is pursuing a career as a producer is responsible for managing the business aspects of production. They are involved in each aspect of production from its inception to deception. Famous movie producers review the script, recommend changes and visualise the story. 

    They are responsible for overseeing the finance involved in the project and distributing the film for broadcasting on various platforms. A career as a producer is quite fulfilling as well as exhaustive in terms of playing different roles in order for a production to be successful. Famous movie producers are responsible for hiring creative and technical personnel on contract basis.

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    Copy Writer

    In a career as a copywriter, one has to consult with the client and understand the brief well. A career as a copywriter has a lot to offer to deserving candidates. Several new mediums of advertising are opening therefore making it a lucrative career choice. Students can pursue various copywriter courses such as Journalism, Advertising, Marketing Management. Here, we have discussed how to become a freelance copywriter, copywriter career path, how to become a copywriter in India, and copywriting career outlook. 

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    Journalist

    Careers in journalism are filled with excitement as well as responsibilities. One cannot afford to miss out on the details. As it is the small details that provide insights into a story. Depending on those insights a journalist goes about writing a news article. A journalism career can be stressful at times but if you are someone who is passionate about it then it is the right choice for you. If you want to know more about the media field and journalist career then continue reading this article.

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    Publisher

    For publishing books, newspapers, magazines and digital material, editorial and commercial strategies are set by publishers. Individuals in publishing career paths make choices about the markets their businesses will reach and the type of content that their audience will be served. Individuals in book publisher careers collaborate with editorial staff, designers, authors, and freelance contributors who develop and manage the creation of content.

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    Vlogger

    In a career as a vlogger, one generally works for himself or herself. However, once an individual has gained viewership there are several brands and companies that approach them for paid collaboration. It is one of those fields where an individual can earn well while following his or her passion. 

    Ever since internet costs got reduced the viewership for these types of content has increased on a large scale. Therefore, a career as a vlogger has a lot to offer. If you want to know more about the Vlogger eligibility, roles and responsibilities then continue reading the article. 

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    Editor

    Individuals in the editor career path is an unsung hero of the news industry who polishes the language of the news stories provided by stringers, reporters, copywriters and content writers and also news agencies. Individuals who opt for a career as an editor make it more persuasive, concise and clear for readers. In this article, we will discuss the details of the editor's career path such as how to become an editor in India, editor salary in India and editor skills and qualities.

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    Fashion Journalist

    Fashion journalism involves performing research and writing about the most recent fashion trends. Journalists obtain this knowledge by collaborating with stylists, conducting interviews with fashion designers, and attending fashion shows, photoshoots, and conferences. A fashion Journalist  job is to write copy for trade and advertisement journals, fashion magazines, newspapers, and online fashion forums about style and fashion.

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    Multimedia Specialist

    A multimedia specialist is a media professional who creates, audio, videos, graphic image files, computer animations for multimedia applications. He or she is responsible for planning, producing, and maintaining websites and applications. 

    2 Jobs Available
    Corporate Executive

    Are you searching for a Corporate Executive job description? A Corporate Executive role comes with administrative duties. He or she provides support to the leadership of the organisation. A Corporate Executive fulfils the business purpose and ensures its financial stability. In this article, we are going to discuss how to become corporate executive.

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    Welding Engineer

    Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

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    QA Manager
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    Production Manager
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    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    Quality Controller

    A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

    A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

    3 Jobs Available
    Production Engineer

    A career as a Production Engineer is crucial in the manufacturing industry. He or she ensures the functionality of production equipment and machinery to improve productivity and minimise production costs to drive revenues and increase profitability. 

    2 Jobs Available
    Product Designer

    Individuals who opt for a career as product designers are responsible for designing the components and overall product concerning its shape, size, and material used in manufacturing. They are responsible for the aesthetic appearance of the product. A product designer uses his or her creative skills to give a product its final outlook and ensures the functionality of the design. 

    Students can opt for various product design degrees such as B.Des and M.Des to become product designers. Industrial product designer prepares 3D models of designs for approval and discusses them with clients and other colleagues. Individuals who opt for a career as a product designer estimate the total cost involved in designing.

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    Commercial Manager

    A Commercial Manager negotiates, advises and secures information about pricing for commercial contracts. He or she is responsible for developing financial plans in order to maximise the business's profitability.

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    AWS Solution Architect

    An AWS Solution Architect is someone who specializes in developing and implementing cloud computing systems. He or she has a good understanding of the various aspects of cloud computing and can confidently deploy and manage their systems. He or she troubleshoots the issues and evaluates the risk from the third party. 

    4 Jobs Available
    QA Manager
    4 Jobs Available
    Azure Administrator

    An Azure Administrator is a professional responsible for implementing, monitoring, and maintaining Azure Solutions. He or she manages cloud infrastructure service instances and various cloud servers as well as sets up public and private cloud systems. 

    4 Jobs Available
    Information Security Manager

    Individuals in the information security manager career path involves in overseeing and controlling all aspects of computer security. The IT security manager job description includes planning and carrying out security measures to protect the business data and information from corruption, theft, unauthorised access, and deliberate attack 

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    Computer Programmer

    Careers in computer programming primarily refer to the systematic act of writing code and moreover include wider computer science areas. The word 'programmer' or 'coder' has entered into practice with the growing number of newly self-taught tech enthusiasts. Computer programming careers involve the use of designs created by software developers and engineers and transforming them into commands that can be implemented by computers. These commands result in regular usage of social media sites, word-processing applications and browsers.

    3 Jobs Available
    Product Manager

    A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

    3 Jobs Available
    ITSM Manager
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    IT Consultant

    An IT Consultant is a professional who is also known as a technology consultant. He or she is required to provide consultation to industrial and commercial clients to resolve business and IT problems and acquire optimum growth. An IT consultant can find work by signing up with an IT consultancy firm, or he or she can work on their own as independent contractors and select the projects he or she wants to work on.

    2 Jobs Available
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