Is the high fee of top tier B-schools in India justified?
The debate over this issue has generated more heat than light!
My personal view is that the high fees of top B-schools in India are justified.
1) IIMs are autonomous bodies. They don't receive any funding from the
government.
2) Most of the B-schools in India are striving hard to reach global standards,
so they need funds to sponsor research as they don’t have much endowments.
3) All the top tier B-schools in India have admirable infrastructure,
classrooms, world-class libraries, better learning tools, and top quality
professors.
4) Top B-schools in India provide placements. They invest a lot of time and
resources in dealing with the top management firms at the time of placements.
Also, top B-schools have provisions for financial aid for those in need.
I have never met any student studying in a top B-school who has dropped out
because of financial reasons.
Thus, the Return on Investment for a highly ranked MBA program is good because
the high fees is compensated by a handsome package.
But internet is disrupting education and bringing efficiencies. Future is
unknown.
What’s your view? Let me know in the comments.
#mbastudents #iimbangalore #iimahmedabad #iimcalcutta #xlri #digitalmarketing
#profseema #mba
Posted by Professor Seema Gupta on LinkedIn
link: linkedin.com/in/seemaiimb
The debate over this issue has generated more heat than light!
My personal view is that the high fees of top B-schools in India are justified.
1) IIMs are autonomous bodies. They don't receive any funding from the
government.
2) Most of the B-schools in India are striving hard to reach global standards,
so they need funds to sponsor research as they don’t have much endowments.
3) All the top tier B-schools in India have admirable infrastructure,
classrooms, world-class libraries, better learning tools, and top quality
professors.
4) Top B-schools in India provide placements. They invest a lot of time and
resources in dealing with the top management firms at the time of placements.
Also, top B-schools have provisions for financial aid for those in need.
I have never met any student studying in a top B-school who has dropped out
because of financial reasons.
Thus, the Return on Investment for a highly ranked MBA program is good because
the high fees is compensated by a handsome package.
But internet is disrupting education and bringing efficiencies. Future is
unknown.
What’s your view? Let me know in the comments.
#mbastudents #iimbangalore #iimahmedabad #iimcalcutta #xlri #digitalmarketing
#profseema #mba
Posted by Professor Seema Gupta on LinkedIn
link: linkedin.com/in/seemaiimb