MBA dreams ,a tribal's perspective

Here are the list of leading B-schools in India and the current fees.

1. Indian Institute of Management (IIM-A), Ahmedabad Fees:4.6Lakhs for 1 yrs

2. Indian Institute of Management (IIM-B), Bangalore Fees:4 lakhs "

3. Indian Institute of Management (IIM-C), Kolkata Fees :7 lakhs "

4. Indian School of Business (ISB), Hyderabad Fees:15 lakhs "

5. Indian Institute of Management (IIM-L), Lucknow Fees: 3 Lakh "

6. Xavier Labour Research Institute (XLRI), Jamshedpur Fees:3.04 lakhs "

7. Indian Institute of Management (IIM-I), Indore Fees:1.5 lakhs "

8. Indian Institute of Management (IIM-K), Kozhikode Fees:6 lakhs "

So terrific hikes in fees .Now let me give a tribal's perspective of this.The fee hikes has encouraged the private institutions to follow the fashion .

Once again it is proved that the Capitalist Minds dont care for the poor.In today's world talent is bought.Merit is traded upon .I wonder whether people like Dhirubhai Ambani had ever taken such course to raise themselves to unreachable heights.

Media has always shown the brighter side of the issue .Recently IIM C was in news for its record placements of 1.36 crore .Lets dig out some facts which is revolving in my mind.

*As many as 243 offers had already been made to the students before the beginning of the final placements. This included 153 offers made during the laterals process and the 90 pre-placement offers (PPOs) that were awarded for excellent performance during the summer internship.

*The average domestic salary this year was Rs 16.4 lakh per annum. But that’s only the beginning. The highest package this year is in the range of Rs 65 lakh to Rs 70 lakh per annum, offered by a leading international investment bank. Another highlight this year is that Mckinsey has offered the profile of an associate to a fresh IIM-C grad.

*42 are in zero slot.
This piece of news has been collected from various sources.Now my views.

1)The average salary is 16.4 lakh ,Higest package being 65-70 lakhs .....Oww!!
Why dont all IIMs provide a reliable pie chart for Income range??
I get confused by my mathematical skills ......as it force me to believe that many students are poorly placed below 7 lakhs.

2)what happened to those 5 students who had no PPOs and who were not in slot zero ??No news of them,though IIMs write final Placement is over .

Getting into IIMs is not an easy job.One needs sound coaching .Leading coaching Institutes like IMS Learning and T.I.M.E charge around 8000-10000 rupees per student per year.Recently Govt . has increased service tax to 8% for coaching institutes .So the present prices are likely to shoot up.Under such financial constraints how can a Middle class-tribal go for such elite education??

The people becoming crorepati from ISB are the people who could afford for 15 lakh tution fee.

The people who get into IIMs are the people who have extensively been guided at such high costs.Apart from the coaching fees ,study materials are other big expenditure a tribal has to incur.

So is MBA a far dream for tribals?

Lets get down to local government and private institutes .These are also following the elite fashion .Now MBA is a costly affair .

The pain would have not been so intense if the returns on such Investments were high. The dark side of IIMs is the poor placement of a bunch of students.Even in IIT being an IITian I say that there are many students who gets jobs of salary range 2.44lakhs to 5.5lakhs. It was not a problem as tution fees were not so high ,but recent hike in Prices will piss off lot many..
Many MBA graduates are working for mere 2-3 lakhs/annum even after spending lavishly in the hope of making fortunes.UPES (University of Petroleum and Energy Studies) charges as high as 11 Lakhs and placements are of 4-5 lakhs.

People may argue that Educational Loans are easily available and more funds are in store for students.But that doesnt justify .They are encouraging poor ppl to take loans under the risk of less return.


I can today safely say that Education has become a costly commodity today.People trade on it.There is nobody who cares for the poor.

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