To get management degree from India’s top notch management institute IIM, student not only need to fight against toughest management admission exam CAT, they also need to pay tons of money as fee in IIM.
Now the Fee of IIM Ahmedabad is 11 lakh and fee at IIM Banglore is Rs 9.5 lakh for two year PGDM course. IIM kolkata also increased the fee to Rs 9 lakh.
Although financial loan are available for study of IIM, but getting the loan itself is tough procedure in INDIA, many student feels not safe in taking loan because they need to pay loan after completion of management degree. In this recession period nobody can guess the future of job market.
Many US university can give much better management education at slight higher price than the IIM. Job offer for management graduates from foreign universities is far better from the job offers at IIM, Competition for getting admission in foreign universities is also not as tough as CAT.