Hi
This might be offtopic but please give some info. about this:
In TAPMI website it is given that many IT companies are coming for placement like ,TCS,wipro,infosys,etc...
Would u please tell me that what profiles offere by them and if possible tell also the packages of those profile.
Thanks in advance.
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)
Cheers
P.S. - I am not interning with HDFC Bank
Puys,
:: STATE BANK OF INDIA :: Safe Banking With SBI :: - Visit this link for SBI education loans.. Personal Banking -> Educatio n Loans... it comes at 11.75% interest..
Sad that TAPMI is not in the list of institutes eligible for scholar loans from SBI, which are offered at 10.25%.
Could anyone highlight me the profiles offered to marketing folks at TAPMI.
what are the companies that picked students for Marketing during the final placement and the CTC offered by them.
Thanks in advance:)
I am a little confused reading the whole letter.... Anyway..more details..
All students need to pay a refundable caution deposit of Rs.15,000 in 1st instalment..
ACADEMIC FEE :
INSTALMENT NO. AMOUNT DUE(Rs.) DUEDATE
1 , 2,37,000 , 20 MAY 2010
2 , 1,88,000 , NOV,2010
3 , 2,12,000 , JUN,2011
4 , 1,88,000 , NOV,2011
Total : Rs.8,25,000.
Text books and other resources EXCLUDING LAPTOP would be provided at no extra cost.
Hostel fees approx Rs.73,000 (non-AC) Rs. 85,000 (AC) per year. Plus Rs.2400 (approx) per month for mess.
PLEASE NOTE : ALL FEES ARE SUBJECT TO CHANGE....
Have you received any bank-loan details along with the offer letter?
If yes, please mention in detail..
Puys,
:: STATE BANK OF INDIA :: Safe Banking With SBI :: - Visit this link for SBI education loans.. Personal Banking -> Educatio n Loans... it comes at 11.75% interest..
Sad that TAPMI is not in the list of institutes eligible for scholar loans from SBI, which are offered at 10.25%.
Try BOB , it has a lower Rate of Interest.
Other banks with lower ROI r Central bank of India, Corp Bank
the bottom line is not the increase in fee....."the increase in fee is not in tandem with the ROI" ..... the investment is about 12L for freshers and for exp. ppl it is around 22L for the next 2yrs.....and the ROI isnt anywhere close(the median remains the same) even in the near longterm .... so that is wat is hurting ...!!!(and please dnt smoke that ... it is not about money,it is ur interest in MBA n such stuff)
c4kuLL Saysthe bottom line is not the increase in fee....."the increase in fee is not in tandem with the ROI" ..... the investment is about 12L for freshers and for exp. ppl it is around 22L for the next 2yrs.....and the ROI isnt anywhere close(the median remains the same) even in the near longterm .... so that is wat is hurting ...!!!(and please dnt smoke that ... it is not about money,it is ur interest in MBA n such stuff)
Look at at this way mate, TAPMI fees has not been constant anytime in the near past. We are paying a higher fee when compared to our senies. We still decided to join as we felt that an MBA from TAPMI was the right thing for our career. Everyone is free to make their own calculations and decisions about their career. So, make the right one for you!!
meberty SaysLook at at this way mate, TAPMI fees has not been constant anytime in the near past. We are paying a higher fee when compared to our senies. We still decided to join as we felt that an MBA from TAPMI was the right thing for our career. Everyone is free to make their own calculations and decisions about their career. So, make the right one for you!!
Yes the ROI is a factor but it should be understood that no way is the fees going down the next year however there is a chance for the ROI to improve.
Moreover with RBI increasing key rates Loans too wont get cheaper and above all doing an MBA an year later means losing a year of MBA salary.
Unless you are willing to do it from a premier institute (IIM/XLRI) deferring it doesn't make much sense.
c4kuLL Saysthe bottom line is not the increase in fee....."the increase in fee is not in tandem with the ROI" ..... the investment is about 12L for freshers and for exp. ppl it is around 22L for the next 2yrs.....and the ROI isnt anywhere close(the median remains the same) even in the near longterm .... so that is wat is hurting ...!!!(and please dnt smoke that ... it is not about money,it is ur interest in MBA n such stuff)
I have one basic question. How do you calculate ROI?
So if u spend the so called 22 Lakhs, do you expect a salary of 12L PA, so that have you have your ROI in 2 years?
Suppose we have a salary of 8L, you will recover your fee in 3 years... That not bad either.. So wat do u mean by good/bad ROI??
I am not criticising your question, but just trying to say tat the term ROI is very crude.
Folks... PEACE
Lets not fight with our seniors on the issue of fees. We should understand that even they cant do anything abt it even if it is high.
By the way, TAPMI figures in the list of premier institutes identified by HDFC Bank for attractive educational loans.
http://www.hdfcbank.com/personal/loans/educational_loan/Premier_Institutes.pdf
Regards
I have one basic question. How do you calculate ROI?
So if u spend the so called 22 Lakhs, do you expect a salary of 12L PA, so that have you have your ROI in 2 years?
Suppose we have a salary of 8L, you will recover your fee in 3 years... That not bad either.. So wat do u mean by good/bad ROI??
I am not criticising your question, but just trying to say tat the term ROI is very crude.
See, you shouldn't do ur "To do or not to do an MBA" calculation on RoI(Return on investment). The question in such a case is, how many year's return would you take in your calculation.
If you want, you can do a break-even analysis or even a discounted break-even analysis. That will give you a better calculation based on which you can make ur decision.
And trust me, all this is nonsense!!
Who has seen the winter of 2011 (ur placement times). What can you say about the then global business environment when you ardently calculate your so called "profitability"
in the summer of 2010??
I have one basic question. How do you calculate ROI?
So if u spend the so called 22 Lakhs, do you expect a salary of 12L PA, so that have you have your ROI in 2 years?
Suppose we have a salary of 8L, you will recover your fee in 3 years... That not bad either.. So wat do u mean by good/bad ROI??
I am not criticising your question, but just trying to say tat the term ROI is very crude.
hey buddy...if a person is letting 22 lakhs go for dng an MBA, obviously he ll look at the time it ll take 2 recover what he has lost...as u said if d package is 8L, the guy wld recover d amount in 3 yrs..bt dats not d case buddy...out of 8L even if u r able to save 4L, u r quite lucky 2 do that...u hv got ur own expenses and when u live in metros or cities like Pune, money vanishes from d pocket like petrol kept in an open Tank.. :)
So at 8L, d guy would recover d money after 6 yrs!!!!! dat too if he's too lucky...otherwise it may take 1-2 yrs more den what i mentioned...and if d guy is from a middle class family who is leaving his job for his dream MBA and takes a loan of 10L, he has to be ready to go thru hell for nxt 6-7 yrs till he doesnt repay d loans...so as d fees increase my frnd, future starts bcmng gloomy in terms of financial benifits dat u leverage from an MBA degree... 😃
Guys,
Im also a waitlisted canditate.
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 :(
I totally sympathize with u mate...its really frustrating as I hv gone thru it...bt as u said, d fees are only gng 2 increase and if u dnt pay d fees, u ll have 2 waste another yr...ATB for converting d call... 😃
This is what written on TAPMI web site
CAT is used only for short-listing. IIMs have no role in the selection process or conduct of the PGDM programme. Final Selection will be based on performance in the TAPMI Admissions Process.
Does this mean final selection is totally based on CA PI and CAT score is not counted in it?
This is what written on TAPMI web site
CAT is used only for short-listing. IIMs have no role in the selection process or conduct of the PGDM programme. Final Selection will be based on performance in the TAPMI Admissions Process.
Does this mean final selection is totally based on CA PI and CAT score is not counted in it?
There was a weightage of 20% given to the CAT score last year, I'm not sure how much the weightage was this year but it is a very small percentage as you can see.
Does TAPMI has Tie-Up with any bank for facilitating education loan for the students ?
For seniors, Those who had taken loan. Please tell usually how much working days are required for loan to get sanctioned. ??
I had a chat with a few bank officials. For HDFC, if everything goes fine and the documents are submitted on time. You will get the loan in 2 weeks.
Regards
this thread has really become very useless...with people writing here even without being selected....pls if you want to discuss or write those long essay ,showing off ur writing skills,go to life@tapmi thread....this thread is for call getters and wl,so that they can track their wl movement and know who is joing or not...
pls stop spammimg....
Does TAPMI has Tie-Up with any bank for facilitating education loan for the students ?
For seniors, Those who had taken loan. Please tell usually how much working days are required for loan to get sanctioned. ??
TAPMI does have tie-up with 3 banks, i guess you will receive their brochure with your offer letter. I guess banks are Corporation, HDFC and one more (i don't remember the name).
But bottom line is all banks ask you to take loan from native location. HDFC being non-PSU, is more hassle free compare to other banks.
Also if your college is are part of 'elite league' of bank, you pay 1% or two less than others. And for above given three banks, TAPMI is part of elite league.
Try canara bank also, there also TAPMI is part of E-League.
this thread has really become very useless...with people writing here even without being selected....pls if you want to discuss or write those long essay ,showing off ur writing skills,go to life@tapmi thread....this thread is for call getters and wl,so that they can track their wl movement and know who is joing or not...
pls stop spammimg....
Clarification -
Life @ TAPMI is meant only for TAPMI alumni and current students. Please do not ask any queries on that thread.
Better option will be start your blog
hey buddy...if a person is letting 22 lakhs go for dng an MBA, obviously he ll look at the time it ll take 2 recover what he has lost...as u said if d package is 8L, the guy wld recover d amount in 3 yrs..bt dats not d case buddy...out of 8L even if u r able to save 4L, u r quite lucky 2 do that...u hv got ur own expenses and when u live in metros or cities like Pune, money vanishes from d pocket like petrol kept in an open Tank.. :)
So at 8L, d guy would recover d money after 6 yrs!!!!! dat too if he's too lucky...otherwise it may take 1-2 yrs more den what i mentioned...and if d guy is from a middle class family who is leaving his job for his dream MBA and takes a loan of 10L, he has to be ready to go thru hell for nxt 6-7 yrs till he doesnt repay d loans...so as d fees increase my frnd, future starts bcmng gloomy in terms of financial benifits dat u leverage from an MBA degree... :)
this was exactly my point ..!!!