Would it be wise to quit my job (that gives me 13 lakhs per annum) at Cisco if I get into IIM Bangalore, and take a loan of 18 lakhs for the fees?

It is quite obvious that if you are already doing a job that gives you 13 lakh per annum, it is your naivete if you want to join IIM and take a loan of 18 lakhs.

• If you are more inclined towards the technicality of the things and working for the same, you should indulge yourself in gaining experience in that particular field.
• Do not think of taking a huge burden of loan that you need to pay ultimately with heavy interests.

Think twice before making this decision and in my opinion, it is better to gain the hands-on experience that embarks you towards success in your life early, than spending a huge amount of money doing an MBA and then pursuing the job.