What it takes to do an MBA?
Share
MBA is a Booming degree in today’s era, everybody wants to have an MBA degree and the need of Master in management is very high, the degree grooms you to be your best self. It is necessary for students to know what it takes to do an MBA including MBA Financial costs in India, admission procedure, top college selection and much more.
MBA can be costly and that raises the question that what should you pay to get the best return on your investment. MBA can be costly and not everybody is able to manage its cost. Let’s see what gets into it while opting for MBA.
The cost of pursuing an MBA is a big concern for MBA aspirants as the cost is always on the higher side.
Know about What is MBA?
Process of MBA
Well, now that you know that you have to do an MBA here’s what you have to do:
Ø MBA Entrance Tests
o Search about various entrance tests and decide which ones you have to give. Different colleges accept different entrance exams, such as only a few colleges accept ATMA scores in comparison to CAT
The common exams are: CAT/ MAT/ XAT / CMAT/ GRE/ NMAT/ ATMA/ MAH CET/ GMAT and many more.
READ About Popular Entrance Exams in India 2019
Ø Register for Entrance Tests
o To write any particular exam you will have to register for it which is done through the official website of the Exam conductors or examination. The registration is done online only.
o The registration will include filling out your details, providing your documents and paying the registration fee. Through payment gateway.
o The Registration charges for different entrance tests may vary ranging from 1000 to 100000 more or less.
o After your registration you will be given options to choose from for the location of the test center, you can choose from many test centers according to your convenience.
o You will be given a few important dates which will include:
§ Last date for registration
§ Admit card release date
§ Exam commencement date
§ Result announcements date
After the results are announced the colleges start making calls to eligible students and or further admission process, once the student has qualified the entrance test he/she has ton move further and apply into different college and appear for their admission procedure. All the colleges have their own different admission process which may include:
§ Written Ability Test
§ Personal Interview
§ Micro Presentation
§ Aptitude Test
§ CV / Resume
§ Consideration of previous academic performance
§ Consideration of work experience
§ Consideration of the Entrance test score
Which are the Top Colleges in India?
Therefore, the aspirant needs to apply for different colleges as soon as possible because the application dates may be running out. Then comes the tough part we want to go in the Top-Notch colleges and the fee structure there is high and a big amount for a normal or medium income family, and if you get selected for the admission and you get a call for one of the top B-schools, feels like heave rightJbut you won’t be able to afford it what should you do? Here is the answer:
§ Decide in which college you have to go, how will you do that click below to know:
How to choose the right Business School/Colleges for your MBA?
§ Calculate the total fee that you will have to invest in that college includes everything you can. Here’s a check list for you:
o Tuition fee
o Semester fee
o Exam fee
o Extracurricular fee
o Labs fee
o Hostel fee( if applicable)
o Mess fee (if applicable)
o Registration fee
o Application form fee
o Certificate courses fee (if applicable)
§ Now that you have an estimate of how much you have to invest in the college check its ROI i.e. Return on Investment, a good college will guarantee you your ROI within 1 year after you courses completion.
§ If the college is worth your investment finalize it and check if they provide scholarships, usually colleges have their own scholarship tests for students who are interested and eligible for it, if you clear it you may get upto 100% off on your tuition fee.
How to finance your MBA
§ Self-Payment if you want to, if you have been saving or your parents can afford it, sure go for it.
§ Student Loans, you can easily get a loan for any bank if you have an offer letter from that college, bank loans usually work as they will start taking installments from you as soon as you complete your degree and start earning. This is not necessary though, different banks have different rules and type of Educational loans, so you can always go for an educational loan to finance your MBA.
§ Scholarships, colleges offer scholarships to deserving students and provide concession in their fee.
§ Government policies, government provides funds and scholarships to students for which you have to research and you can use that to your advantage.
The total cost for doing an MBA in India is around 10-15 lakhs including everything, so choose a college which will provide you a good ROI. As we see the cost of pursuing MBA is hefty and not very easy for everyone to pay easily bit the fruit for it is really good and will later on provide you all the financial support you need to support you and your family. I wish you All the Best for you future career and work hard and achieve your dreams and be successful in your life J
Stay tunes @ www.bookmycolleges.com/articlesfor latest updates and information about what’s going on in the Management world.
So, I hope this article was helpful if you need any further assistance or advice ask our experts for free call on 9644440101 or email us at ashita.bookmycolleges@gmail.com
Comments