I think the electricity charges thing is new. It has both merits and demerits:
Merit:
1. Students will not waste electricity.
Demerit:
1. If few students waste electricitry / use more the whole hostel has to share the price which is unfair. 2. This charge at this point cannot be quantified which doesn't help students/ parents to budget. 3. Banks provide loan for Hostel fees, will they provide loan for electricity charges? If yes, How much?
Electricity charges are nothing new. we pay it once in 6months i guess. guess i paid somethin like 350 bucks both the time... dont remember...
believe me total expenses at the end of 2yrs will be around 12lakhs(+/- 30k) .... and the median pay at tapmi is 6.5 to 7 L (including variable pay n alll the masala..!!)...this was for the yr 2010( PS: this is an insider information !!!) ....and dnt kindly forget the increase frm 120 to 360....so .. hurray !!!...atb ....
believe me total expenses at the end of 2yrs will be around 12lakhs(+/- 30k) .... and the median pay at tapmi is 6.5 to 7 L (including variable pay n alll the masala..!!)...this was for the yr 2010( PS: this is an insider information !!!) ....and dnt kindly forget the increase frm 120 to 360....so .. hurray !!!...atb ....
CTC's r such a wrong way of putting up salaries. > adds the health insurance premium of the employee n family while calculating CTC.
Result: In one of the college's (not TAPMI) > recruited students with CTC 6,50,000 and the Take-Home-pay worked out to be approx 30K. b-schools should mention the whole break - up of CTC to help students decide better.
So Mr DEVILISHANGEL, if you cud collate all queries and put in single post, may be it will help all of us....
Questions and Queries Asked by Puys to seniors in different forms and formats->puys help me make this questionaire list better
1)So much of cost? Where will it all go? Opportunity Cost?
2)value of the tapmi mba?
3)Electricity expenses?
4)Aicte approval?
5)Are new professors being recruited? are new hostels being built?
6)PGDM+IB+BFSI+Health Care? Your thoughts on the increasing batch size, its plusses and minuses. Also details about each course.
7)TEACHING METHODOLOGY description?
8 ) What is TAPMI doing to ensure that TAPMI's brand value rises to where it should be ( my personal favourite whose answer I have personally (after nagging tapmi seniors) got but Seniors should answer this since they have worked so hard with the TAPMI professors and faculty 😃 )
[ Aspirants PUYS PM me and I WILL CONTINUE TO ADD QUERIES HERE for Seniors to answer. It will help the seniors help you guys.]
Questions and Queries Asked by Puys to seniors in different forms and formats->puys help me make this questionaire list better
1)So much of cost? Where will it all go? Opportunity Cost?
2)value of the tapmi mba?
3)Electricity expenses?
4)Aicte approval?
5)Are new professors being recruited? are new hostels being built?
6)PGDM+IB+BFSI+Health Care? Your thoughts on the increasing batch size, its plusses and minuses. Also details about each course.
7)TEACHING METHODOLOGY description?
8 ) What is TAPMI doing to ensure that TAPMI's brand value rises to where it should be ( my personal favourite whose answer I have personally (after nagging tapmi seniors) got but Seniors should answer this since they have worked so hard with the TAPMI professors and faculty 😃 )
[ Aspirants PUYS PM me and I WILL CONTINUE TO ADD QUERIES HERE for Seniors to answer. It will help the seniors help you guys.]
Yes the most important thing is the AICTE approval of the new courses.
And I hope TAPMI is not cutting corners for appointing new faculty for the new courses.
In the midst of all this discussion of fees and all I am getting mad waiting for the results of PGDM-BFS. Just sitting, can't understand what to do? Biting my nails (Literally)
Keep biting for a few more days, the result should be out in the 2nd week.
can u puys plz tell me which courier service r u gettin call letters by?? coz i hv hd bad experience with courier services in my area..
Call up admission department and ask this bcuz I think they might have used different couriers for different geographies, however u could also enquire @ DTDC, First Flight, Bluedart, Speedpost or any other leading couriers near your place.
I think the electricity charges thing is new. It has both merits and demerits:
Merit:
1. Students will not waste electricity.
Demerit:
1. If few students waste electricitry / use more the whole hostel has to share the price which is unfair. 2. This charge at this point cannot be quantified which doesn't help students/ parents to budget. 3. Banks provide loan for Hostel fees, will they provide loan for electricity charges? If yes, How much?
You have separate meter for each room.
R U kidding , u want Bank loan for Electricity charges? on a serius note, if you show them receipts, they will pay that also. ( Given one should be eligible for full bank loan !!!)
R U kidding , u want Bank loan for Electricity charges? on a serius note, if you show them receipts, they will pay that also. ( Given one should be eligible for full bank loan !!!)
Increase in fees pinches me hard as well. But we can see it this way. The net increase is 1,16,000. (Tution fees hiked from 7,15,000 to 8,25,000 and hostel fees went up by 6,000).
All other expenses remain the same. I know 1 lakh is a big amount, but I think we all knew about the total costs other than this increase, even while we were applying. So we must think about all other parameters which made us apply to this coll, compare it with this increase in fee and then decide whether we need to take it up.
For ppl like me with Tapmi as the only option left, the decision not to take up a college jus coz of fees can cause a delay of one more year. Because with steady increase in cost of education, we are not guaranteed to get a cheaper admit next year.
But really this fee hike is the last thing i wanted from Tapmi. Already have enough confusions on hand and a WAITLIST 😞
1)So much of cost? Where will it all go? Opportunity Cost?
Fees/Cost: There is a constant fee gap that is maintained by the Top B-Schools wrt the IIMs. They hike fee, others follow. We have no say in the fee structure of TAPMI but what we can say is, the quality of education which one gets is great. Where it'll go?: Its used for the students only. We believe the extra fee is for recruiting better faculty and infrastructure. So all this fees would be used for the betterment of college and students only. There's a price which the college needs to pay to keep the faculty, etc. Like all of us are willing to switch companies, they too need to be paid in the same market standards.
2)value of the tapmi mba?
Again when we talk of Value of an MBA from TAPMI, then it depends more on the candidate than on the college. We have all the infrastructure and comfort possible. From a library which houses more than 30,000 books to hostel rooms, which are more, like a star hotel with 24*7 room service. When you learn marketing, u'll knw that "value" is always subjective to the customer. so here, its wat you feel abt it. so when we say, good faculty, good infrastructure, its for you to decide wat derives value for you and what doesnt
3)Electricity expenses?
Electricity Charges: We pay it quarterly and it comes to around 150 per month on an average
4)Aicte approval?
AICTE approval is still awaited. We have the same information as you guys have. But the candidates would be informed regarding the status before they are told to pay the fees.
5)Are new professors being recruited? are new hostels being built?
With the increase in intake, new professors are also being recruited. We were there in college till April 9th. By then, there were 3new professors who had just joined. I certainly believe that they are to recruit more in these 2months. College is open to feedback from students with regards to recruiting good faculties from across India. As such college already boasts of many good faculty who are the best in their field with industry experience also.
No need for new hostels as the current 3 hostels (2 for guys and 1 for gals) is sufficient to house the extra students.
6)PGDM+IB+BFSI+Health Care? Your thoughts on the increasing batch size, its plusses and minuses. Also details about each course.
Increasing batchsize: the better; can attract bigger companies. why?, it makes more sense for companies to come down to manipal and recruit from a pool of 360students than 120. Trust me guys, we hav had companies backing out because we did not have enough number of students towards 2nd and 3rd day of recruitment last year.downside: higher level of competition among you guys for placement. obvious things as we can see from IMTs and other institutes which already have higher intake.As of now we can vouch for PGDM for sure as that is the course we are undergoing and feel it's the best in the country in terms of rigor and learning. Increasing seats upto 180 should not be a problem for this course in terms of placement as demand exceeds the capacity :-)Regarding IB/BFSI/HCM: even though these are new courses it has the TAPMI brand name. We cannot comment as to what the placement would be after 2 years (as no one knows what the market would be tomorrow), but we can assure you that the course would be one of the best you can get in India.
7)TEACHING METHODOLOGY description?
TAPMI believes in Rigour. So in case you cant handle studies and books we suggest not to take up TAPMI. We have pre reads (to be read before the class), in class assignments and Post reads and the rigour does keep us busy for most of the day. Teaching methodology is mostly CASE based and we have a continuous evaluation system. There are lots of projects/assignments/presentations that help your overall development. With the exception of say 4 or 5 individual assignments, most of these will be done in groups of 5 or groups of 10. So this also develops your team skills. Apart from all this we have seminars with the speakers of best in industry.Having said all this, students do manage to take time out for parties/cultural and extracurricular activities. So its not that bad after all
8 ) What is TAPMI doing to ensure that TAPMI's brand value rises to where it should be TAPMI Brand value:
Adding onto what you are already aware of, our batch has initiated and improved TAPMI online presence be it in the blog, Facebook, Twitter and other social media. We have started periodic interactions with our alumni who come to TAPMI to make guest lectures and seminars. The college conducts TAPMI silver Jubilee Lecture series, 3 of which are already completed and the lectures were given by Prof Yash Pal, Mr. Rajdeep Sardesai and Mr Salman Khurshid Hon'ble minister of state for corporate affairs. I do not want to continue the list here.
For more details, you can visit the TAPMI blog The TAPMI Blog
Increase in fees pinches me hard as well. But we can see it this way. The net increase is 1,16,000. (Tution fees hiked from 7,15,000 to 8,25,000 and hostel fees went up by 6,000).
All other expenses remain the same. I know 1 lakh is a big amount, but I think we all knew about the total costs other than this increase, even while we were applying. So we must think about all other parameters which made us apply to this coll, compare it with this increase in fee and then decide whether we need to take it up.
For ppl like me with Tapmi as the only option left, the decision not to take up a college jus coz of fees can cause a delay of one more year. Because with steady increase in cost of education, we are not guaranteed to get a cheaper admit next year.
But really this fee hike is the last thing i wanted from Tapmi. Already have enough confusions on hand and a WAITLIST :(
Puys,
I know 1 lakh increase hurts but anyways every year you see increase in avg packages, also if you wait for one more year , you might get cheaper (fees wise ) college but you will loose 1 year of post MBA salary ( approx 10 lakh ). So now if you do cost benefit analysis, you are not losing "that much".
Also talking about opportunity cost , as i said u will lose on 10 lakh - 5 lakh = 5 lakh every year, if you postpone your decision. And of course fees wont decrease.
So please give this topic a rest and discuss about other important things.
If you find problem in getting loan, please contact HDFC Bank in you city for hassle free loans, they will pay upto 15 lakhs easily ( again compare to other banks)
