I got selection for MBA/PGDM in IIM Udaipur but the fees is fairly high. I will have to take an education loan for it. Is it worth the entire effort and money?

IIMs are categorized into 3 levels - Old, new, and baby. Fees for new IIMs typically range from 18–22L for 2 years. Older IIMs charge around 25L, while baby IIMs are under 18L. These figures are approximate, so check the official websites of the respective IIMs for accurate information.

Regarding loans - IIMs are recognized as premier institutions, and banks often provide loans without requiring security or collateral. Many campuses have bank branches; for instance, there was an SBI branch at one IIM, and students could take loans for half the fee amount.

Now, let's talk ROI - the median package from IIM campus placements usually matches the program fees. So, if you perform well, you can easily pay off your MBA fees within a year. Plus, loan interest can be claimed for tax deductions under the old tax regime.

Hope this helps answer your query!

Expecting only placements from a highly valued college degree misses the true essence of education.

I've gained so much in just one year compared to the four years before that in my previous work experience.

The connections I've made and the internship I completed were invaluable. The opportunities available on campus are immense.

I do agree that the fees are on the higher side compared to many other post-graduation degrees, but for me, it feels worth it at IIM Udaipur today.

PS: The fee structure for recent batches was around INR ~14 lakhs.

Apologies if I missed any of your questions in the messages.

Happy Reading!

Absolutely! A resounding yes! While I may not have studied at an IIM, I graduated from one of India's top b-schools - XLRI, so I feel qualified to respond to this question.

Coming from a middle-class family, I took a loan to cover my fees and other expenses at XLRI. You might be surprised at how straightforward it is for students at these premier colleges to secure education loans. There are hardly any NPAs associated with such loans, and the reason is simple:

• These colleges attract the best students in the country every year.
• A significant number of these students go on to become industry leaders and influencers.

Studying at these institutions opens doors to opportunities that are hard to find elsewhere. The average repayment period for loans is generally 2–5 years for graduates from the top 10 b-schools in India. An MBA from a premier college is more of a long-term investment, and its value only appreciates over time.

Cheers!

Getting into IIM Udaipur for an MBA is a big deal, but I totally get your concern about the fees. The total cost is about 22 lakhs, and yes, loans are a common route. But think about it—if you secure an internship with companies like Accenture Strategy paying around 4 lakhs, it could help offset some costs. The curriculum is solid, and the faculty is good. Plus, the campus life is lively and enriching. If you’re passionate about your career and willing to invest in yourself, it could pay off!

Honestly, I was in the same boat when I got selected for the MBA program at IIM Udaipur. The fees are indeed high, around 22 lakhs for the two-year course, and I’ll have to take an education loan as well. But if you think about the potential return on investment, it’s worth considering. The average package during placements is around 19.5 lakhs, which is quite good. Plus, the campus life is vibrant, with loads of activities and clubs to join. You’ll make connections that could benefit your career in the long run. Just plan your finances well!