Get Answers on Test Preparation, Admissions & Campus Life
Selected Filters
College
Course
Substream
Study Abroad College
Study Abroad Countries
How long does it take to repay a loan of around 35 lakhs after doing a PGP from ISB Hyderabad/Mohali? Is it worth it?
To calculate the approximate time it will take to repay a loan of around 35 lakhs after doing a PGP from ISB Hyderabad or Mohali, let’s assume some numbers. That will make the calculation easy to understand.
Rate of Interest: 9.50%
Term of the moratorium: Duration of the course where you just pay the interest.
Loan repayment tenure: 7 years post moratorium period
EMI: Rs. 57,203.93
An EMI of INR 57,203.93 means a monthly salary of around INR 150000 or an annual package of INR 27 Lakhs is required. If you are confident that you will get placed with a similar package and can repay the loan easily go for it. One relevant thing you should consider is whether the knowledge you gained throughout the course is worth it afterward or not. I think only 35-40% of one’s salary should be used in repaying the loan. But that does not seem to be the case here. So in my opinion pursuing a higher education course won’t necessarily benefit you. In contrast, it may become a major issue due to the repayment of loans.
What is the admission process for ISB Hyderabad for MBA?
ISB Hyderabad Admission Criteria for an MBA require the following –
- A bachelor's degree in any discipline or equivalent.
- A valid GMAT/GRE score.
- At least 24 months of full-time experience.
A good essay can help your application a lot. If you want your application to stand out, you need to have a crisp, informative, and well-structured essay.
If you have less than 2 years of work experience you can apply for the deferred PGP. There are two ways to get admission in deferred PGP, i.e. Early Entry Option and Young Leader Program (YLP).
What is the admission fee at ISB Hyderabad?
Before commenting on the admission fee, let me tell you the difference between the admission fee and the total expense of pursuing an MBA from ISB Hyderabad. Admission fee refers to the minimum expenses within 15 days of getting the admit offer.
|
Particulars |
Fee (Rs) |
|
Admission Fee |
2.50 Lakhs |
|
Tuition Fee |
24.54 Lakhs |
The above is not inclusive of Electricity charges, Laundry charges, and eating/ recreation expenses. All of this includes accommodation, food, and all course-related material. Travel costs from your home location to both the ISB Campuses and International location are not included.
Some of the other expenses are as follows:
- Security deposit: A refundable security deposit of INR 20,000 has to be paid. These are refunded after deduction of any dues payable to the school.
- Alumni Fund: Alumni membership fee of INR 25,000 is to be paid. It’s paid at the beginning of the program.
- Recreation Centre: A deposit of INR 15,000 has to be paid for the lifetime use of the Recreation Centre. This is applicable for participants of all degree equivalent programs at ISB.
- Added benefits: A senior member from the students’ family can attend a 3-day executive education program “Family Business: Managing Growth and Transformation (MGT)” free of cost. This is valid only for the MGT program offered in the year 2021-22.
The tuition fee is payable in 4 equal installments over 12 months. These expenses may change over the course of the degree because of the program fee being revised by the ISB. Also, keep in mind that you might need to purchase laptops and other electronic aids recommended by the program office.
Does a year gap post 4 years of work experience affect the chances to get into ISB Hyderabad drastically?
The Indian School of Business (ISB) Hyderabad evaluates each application based on merit, rather than adhering to a strict minimum or maximum criteria for years of work experience. Freshers may apply through the Young Leaders Program (YLP) or the early admission option. A break in one's career, as long as it can be justified, is acceptable. The quality of work experience, rather than the number of years, is what counts.
Instead of worrying about any career gaps, focus on highlighting the relevant aspects of your profile. If the admissions team finds your application compelling, they may inquire about career gaps, but only after they have been initially impressed with your application.
Which one is better for family managed business program, SP Jain School of Global Management or ISB Hyderabad?
Many people choose to enroll in the Indian School of Business (ISB) Hyderabad due to its reputation and the success of its alumni. However, it is important to note that the SP Jain Global MBA program is also a highly regarded option. In fact, it has been recognized by Forbes and The Economist as a top MBA program in the world, an accomplishment that ISB has not yet achieved. Additionally, SP Jain Global has a long history of providing quality education and producing talented professionals. This is particularly true for the Family Managed Business course, which is taught by a faculty that includes a large number of international university doctorates.
Given its reputation, the experience of its professors, and the specific offerings of the Family Managed Business course, SP Jain Global is a strong choice for those looking to inherit and expand a family-run business.
Is it possible to get admission in isb hyderabad with low acads?
Yes, it is definitely possible to get admission in ISB with low academics. All you need to do is prepare well for your GMAT and crack a score of 720+ which will counter your average academics and prove your potential. The idea is to display your commitment and intellect in other ways. Be it your extra-curricular activities or achievements in your work.
ISB Hyderabad considers the following 5 parameters while assessing a candidate:
- Communication skills: They are really important for ISB and if your communication skills are not good, you are out.
- Learnability: Ability to learn and adapt to a new environment.
- Team skills: The ability to coordinate and work in teams.
- Leadership qualities
- Academic records: Your academic records will also be considered along with an outstanding GMAT proving your improvements and achievements, your ability to handle pressure, think analytically and creatively, your personal and moral integrity, etc. An excellent way to compensate for low academic scores is through strong overall work performance or a high GMAT/GRE score.
Note that, if your academics are closer to the ‘barely passed’ level, with no great explanation for this performance, then you might face more of a challenge in the admissions process. That will be true for the admissions process at any top business school, including ISB Hyderabad.
How are the placement opportunities for Chartered Accountants/ Finance Professionals at ISB (PGP) Hyderabad?
It is advised that you not rely on overly optimistic answers from admission consultants, enthusiastic alumni, or overpaid faculty regarding the opportunities for Chartered Accountants/ Finance Professionals at (ISB (PGP) Hyderabad.
- Placements: Finance jobs are considered to include investment banking, private equity, venture capital, mergers and acquisitions, financial planning and analysis, equity research, credit rating, asset management, and tax and advisory services (by Big 4).
- Faculty: The visiting faculty at the Mohali campus is highly engaged and humble, but the domestic faculty is deemed by a lot of students as incapable and arrogant, with one professor even coming to class drunk.
- Curriculum: The finance curriculum at ISB is well-designed and provided enough material and case studies to students. There are students who also take electives in Data Analytics in Finance and Introduction to FinTech and found the quality of these courses to be good.
Why does ISB Hyderabad charge twice as much as that of IIM even though it's a one-year program?
The cost of obtaining a high-quality management education is reflective of the fees charged by institutions like the Indian School of Business (ISB) Hyderabad. It is important to note that the IIMs have traditionally been heavily subsidized, which has contributed to the difference in cost between ISB Hyderabad and the IIMs. However, this gap is gradually decreasing. It is expected that in the near future, the IIMs will also start charging fees that are comparable to or even higher than those at ISB.
It's worth considering that ISB Hyderabad invests heavily in hiring foreign faculty and engaging in international quality research work, which contributes to the overall cost of education. Additionally, many of the processes at ISB, such as placements, are driven by staff rather than faculty, which also contributes to the higher fees.
What is the best coaching for GMAT for ISB in Hyderabad?
To be considered for admission to ISB, you will need to take the GMAT and submit a strong application and perform well in interviews. To prepare for the GMAT, it is recommended to not join an end-to-end offline GMAT class, as most of these are not effective. Instead, consider joining a specialized class, such as an online GMAT verbal class, if you are struggling with that particular section. It is also important to work with a tutor who has a GMAT score in the 99th percentile. At an advanced stage, consider hiring a private tutor to help you improve your score by 20-30 points.
In terms of application and interview coaching, it is recommended to speak directly with the consultant you will be working with and ask about their qualifications, including the pedigree of their MBA school and their work experience. It is also important to not rely solely on testimonials on a company's website and to ask the consultant how they will add value to your profile. Use your own judgment to determine if the consultant can be trusted.
I got selected for the MBA programs at ISB Hyderabad and Cranfield University. Regardless of the cost which should I choose and why?
When making a decision between ISB and Cranfield, it is important to consider several factors, such as cost, faculty, industry reputation, alumni network, location, and study method. However, ultimately, the best MBA program for any individual depends on their individual goals and preferences.
To make a decision, it is recommended to compare the two schools across at least four criteria:
- Curriculum: Consider whether the program will teach the skills and knowledge you want to acquire and whether it is up-to-date and relevant to your goals.
- Primary learning opportunity: Evaluate the quality of the teachers, the methodology used, the research centers, and the quality of the student body.
- Infrastructure: Consider the resources available, such as the library, special labs, IT network, and digital content.
- Track record: Look at the school's track record in terms of placements, specifically in the industry or field you want to pursue after your MBA.
This may not be the best formula at all times, but it can serve as an example of the things you should keep in mind when deciding on a business school. It can be helpful to create a similar list of your own priorities when making your decision.
SUBSCRIBE TO OUR NEWS LETTER
