One of the most sought after courses the country, Management education has several aspects like expenses that are to be considered. Read the following article to know more.
The Masters in Business Administration (MBA) programme continues to enthrall all and sundry. Every year thousands of Indian students appear for MBA entrance exams in order to become MBAs and get a job. The Indian education system has changed over time drastically with almost every second student opting for an MBA. The main reasons to be attributed for the same are
i) Several Indian institutes are offering education that reach up to the International standards.
ii) The cost of pursuing an MBA in India is comparatively less than that of other countries. If especially pursuing from the united states
iii) Growth of career opportunities after the emergence of several multinational companies in the country. The scope of employment opportunities have increased in leaps and bounds for MBA graduates.
Analyzing A Few Aspects before Applying
While applying for an MBA programme, students need to understand that although the three letter acronym is associated with the student upon successful completion, but no two MBA degrees are the same. Therefore, the fee structures adapted by various B-Schools on their post-graduate management programmes differ a lot, depending upon a variety of factors
Obviously, you cannot expect a B-School to operate like a supermarket: that is to provide goods but a lowest possible price, keeping in mind the competitors. The aim of business schools is more like considering the MBA degree as an investment in the student’s future career.
The value of a business school comes when an MBA graduate completes the program and joins the bandwagon of the employable segment. That is why it is essential for candidates to realize that all MBA degrees are not the same and definitely their costs vary.
The fee structure of an MBA in India depends upon the institute and also the type of programme – whether part time or full-time. Full-time residential programmes are comparatively more expensive than that of part-time programmes. For most MBA aspirants, the cost of an MBA program is a significant factor while selecting a course or a college. The primary costs comprise the tuition fee that is charged by the B-School. Secondary costs include hostel fees, mess charges and any other paid optional service provided by the institute.
Some General Overview of MBA Institutes and Fee Structure
· The average cost of an MBA in India ranges usually between INR 4 lakhs to 20 lakhs
· Top-ranking Indian B-schools boasts of excellent job opportunities in the corporate world. Nowadays job placements are not limited to India only.
· Foreign University Partnerships are some of the major catch of MBA programmes these days. Increasing number of B-Schools in India is seen collaborating with universities abroad. From the Indian Institutes of Management to several other MBA institutes, student exchange programmes are available almost every standard MBA institute.
There are several MBA institutes in India that offer a range of degrees and diplomas catering to a large number of students. Students can choose from numerous institutes spread across so many Indian states. Let’s focus on one institute.
Established in 1860, St. Xavier’s College, Kolkata was named after the Jesuit priest St. Francis Xavier’s. In 2006, the college became the first educational institute in West Bengal to become autonomous. Now, the college is all set to become a full-fledged university. Though the college is known nationwide for its Department of Commerce, authorities plan to introduce MBA programs at St. Xavier’s College very soon.
Known for its repute, students can choose from several courses offered by the college at the undergraduate level. These include the usual Bachelor of Arts (B.A), Bachelor of Commerce (B.Com) and Bachelor of Science (B.Sc.). Apart from that students can also pursue BBA from St. Xavier’s College.
Since its introduction a decade ago (2002), the BBA (Honours) at St. Xavier’s College has undergone several changes and have definitely evolved at a large scale. This course, unique in its own way has provided the core values in terms of intellectual depths, social responsibility and leadership skills. The college’s approach to management education focuses at the holistic formation of future leaders
The flexible and broad spectrum of the curriculum offers students the opportunity to develop an academic program keeping in mind the aims and ambitions of the students. Students can specialize in three areas – Marketing, Finance and Human Resource Management.
The major objectives of the programme are to:
i) Seeking entrepreneurial ventures
ii) Join industry, business and other non-profit organizations
iii) Focus on pursuing higher education in management studies
Basic eligibility for pursuing the course is 10+2 with English and Mathematics as a compulsory subject. Applicants need to appear for an entrance test that is followed by a GD and a personal interview.
Students can also opt for scholarships. Offered upon the basis of merit, only desirable candidates can avail the scholarships.
Getting admission in any B-School for a programme might be easy, keeping in mind the upsurge surrounding the same now. However, contemplated and thoughtful insight is much required before you make up your mind about pursuing MBA. The cost of a MBA programme should definitely be considered but that should not be a restraint as scholarships are available and student’s loans are also available these days.
Sampurna is a professional blogger and content writer for Shiksha.com. She regularly contributes her ideas about different educational information like IT courses, mba courses, medical courses and many more.