What's the correct ROI as per you? or say a B-school charges 15 Lacs for 2 years of MBA, what should be the optimum ROI in number of years?
Depends on the cluster in which a college lies:
Cluster 1: IIM ABCL, XL, SPJ, FMS, TISS
Barring FMS & TISS, all the colleges would cost you 15L+ (SPJ, I am not sure). But you should join one if you are offered a seat. Reason: Short-Term – Strong placements; Long-Term: Alum Tag, Network, Perception in the society, Job switch
Cluster 2: IIM K, MDI, IIFT, NITIE, IIM I, SJMSoM, JBIMS
Barring NITIE, SoM & JBIMS, all the colleges would cost you somewhere between 15-22L. Here the reasons for joining are similar as for Cluster 1 but you can re-take CAT or choose college one over another depending upon your personal preferences in terms of profile & background because in this Cluster, most of the colleges are strong in one or two specialisations and good in the rest.
Cluster 3: NMIMS, SIBM, SCMHRD, New IIMs, XIMB, IMT, IMI, VGSoM, DoMS – IIT D
The IIMs/IITs in this cluster are relatively less costly. The private colleges cost 17+ and the packages offered vary a lot and may go as low as 6 LPA. Hence, judicious decision should be made after weighing your profile and knowing well the kind of shortlists you can receive during Summers & Finals.
PGDIM, NITIE Mumbai
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