B-Schools charge hefty fees and do not offer enough scholarships to students from EWS. Is this morally correct?
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2 Answers
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Business education and, in particular, its flagship qualification, the MBA has been getting gradually more costly with each passing year. This does not mean that any leading school is facing financial armageddon. So, how much return on investment can students really expect from their hard-earned rupees? And, are the cost increases of recent years really justified?
Some of the premier colleges like IIMs provide good facilities and have experienced faculty, so the fees there is not morally incorrect, but the case is some private institutes in pursuit of easy money, have a high fee structure for MBA.
Both the government and private institu...more -
There are two types of B-Schools, one which are there for making a lot of money (most of the private ones).
Second are the ones like IIMs which provide great education and opportunities and charge heavily for that (according to me which is totally justified).
So, if you are talking about private universities (not the good ones like SP Jain and MDI but the local ones), they are surely looking for making money and don't have any moral ground whatsoever.
But most of the government colleges including IIMs provide tuition fee waivers (partial and full) on basis of the income of student's family. Also, if you are going to colleges like IIMs, b...more
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