MBA cost and ROIAnisha Mukhija
MBA cost and ROI
Those who cannot afford to finance their MBA, or think they are unable to do so due to their economic status, or think that getting into IIMs is impossible as they cannot afford it, or do not prefer taking loans for their education, this video is a walkthrough guide regarding MBA and ROI to you.
So we advise calculating the ROI of your college first. ROI stands for Return on Investment in your education. The basic method to do so is supposed you invested in a loan of INR 10lacs in a b school, now, in top 20colleges of the country including IIMs and other colleges too, it will take you almost 2- 2.5yrs to repay the loan based on how much money you are willing to give to the banks. This is all according to the most common bank data and statistics. It is advised to spend INR 50,000 to INR 70,000 per month on repaying loans to the banks.
Should you calculate ROI or not?
Education is the passport to the future, for tomorrow belongs to those who prepare for it today. No one is poor, it’s your mentality that is poor. A hardworking individual will set a goal based upon good ROI, ace the CAT exam and the interviews, take those colleges that suit them, then take a loan without hesitating, and then kill the score in the college as well as the recruiting companies and bags the best companies with highest placements. All you need to prioritize at that moment is to look for hard work and better mentors with good study material. Prepare hard enough and invest in yourself, do not be a miser here. Investing in yourself gives you massive returns in the future. People invest huge chunks of their earnings in stock market companies that are not even their own company so you can at least have enough faith to at least invest in your betterment too.