If Sarathbabu (Crorepati who lives in a hut!!!) can get into IIM without having money, anyone can.
Is he reading it? Nobody cares anyway.
Coming to the crux:
1. People who join IIM are normally experienced grads.
They can save money in 3 years which can easily tune up to 8/9 lakhs.
I mean if you are getting into IIM, you have to have some skills. No tom, dick, harry (like in Software) can get into that.
If you are an average person, the above amount can be saved.
2. You can avail loans.
Loans are always available. Of course, you need to have some assets here to show to the bank (God, again this guy Sarathbabu comes to mind - how did he do it???)
3. Some companies provide study based fund and you can avail that.
Btw, if you have cleared IIM, I do not see why a bank (if you have assets) will not give you money.
Funny thing is what IIM policy makers are thikning?
Now that the price of the course is equivalent to international standard, have the placement or ranking have been of international standards. IIMs do not even come in top 20 B schools of the world.
So will the policy makers do something on that respect, so that people who have already paid for the amount, can at least think of refunding it withing few years.
i am frm IIM and like to clarify few tigs...... 80% students of IIM are fresh from college......the course is for entry level managers.....brand gives you lateral placements....
two....banks give loans without collateral these days for IIM students.....so you dont have to have assets to get these loans......
and there is alumni fund for soft loans...who cannot get bank loans.....
as for international standards......apart from infrastructure...yes i do also not see anythin international standards......
and yes its a dilemma...becuz the vision and objective for IIM is to create international standard managers for indian market....
