Choosing the Best MBA Institutes with Fees Less Than 8 Lakhs for the Session 2017-2019
When planning for your career, the cost of education should not be the primary concern. What truly matters is the Return on Investment (ROI), which is the value generated from your education investment. In this article, we will explore top institutes for MBA in India with fees below 8 lakhs, providing you with a well-rounded view of their potential impact on your future career and financial success.
Lexicon Management Institute of Leadership Excellence
Lexicon Management Institute of Leadership Excellence is recognized as one of the leading business schools in India, offering comprehensive programs that emphasize leadership and excellence. This institute guarantees its students a minimum of a 9-month paid internship in the second year, with monthly pay ranging from 15k to 35k, significantly contributing to the ROI of the program. Beyond the financial aspect, Lexicon fosters personal and professional growth, turning students into responsible individuals with enhanced decision-making skills. The college operates a student-driven approach, ensuring that each student receives individual attention and support.
Distinguished Institutes with Affordable Fees
While JBIMS and FMS are renowned for their excellence in MBA education, their expense is relatively lower than 8 lakhs. Similarly, TISS (Tata Institute of Social Sciences) offers the MA in Human Resources Management and Labour Relations (HRM and LR), which is considered a flagship course for students aiming to pursue a career in human resources. This course is not only academically rigorous but also offers high placement opportunities, making it equivalent to a standard MBA degree.
These colleges are not just about their fees; they are well-known for their pedagogical quality, strong alumni networks, and exceptional placement records. TISS, Jamnalal Bajaj, and FMS are the top names that immediately come to mind due to their consistently high performance and positive educational outcomes.
Alternative Options and Financial Support
MBA programs can often come with a hefty price tag, but there are options available to those on a budget. TISS, Jamnalal Bajaj, and FMS are among the few institutes where you can achieve an MBA with fees of less than 8 lakhs. Additionally, most banks offer collateral-free loans to students seeking education at top institutions, making it easier to finance your MBA dream without compromising on cost.
Furthermore, the placement opportunities at these institutions are among the best in the country. Graduates often secure lucrative positions in top companies, which can greatly enhance their economic prospects and justify the cost of education. While financial considerations are important, they should be balanced against the long-term benefits of a high-quality MBA education.
In conclusion, while cost is a factor to consider, it should not be the sole determinant when choosing an MBA institute. The ROI, along with the quality of education and placement opportunities, should be the primary considerations. The TISS, Jamnalal Bajaj, and FMS are excellent options that align with these criteria and provide value for money.
Keywords: MBA Institutes, Fewer Costs, High ROI