As an aspiring MBA candidate, the first thing you would do after your Entrance Test is scout for a B-School of repute. There are many ways you can verify a B-School’s status: B-School Ranking, Peer Advice, Ex-alumni, and so on. Now, even after this step, you would still have another exercise of fact-finding. This is where you enquire about prevailing fees in respective colleges. Generally, more the fees, greater is the possibility of a good B-School. Or is it so? Well, it need not be so always!
Consider some of the leading B-Schools against the so-called costly institutes, you will find the notion untrue. Therefore, it need not always be the costly institutes that fetch you good return on investment. At the same time, you cannot even expect your institute to be generous either. An MBA education comes with value-package: personality development, practical exposure, sound knowledge in business fundamentals, and an assurance of placement. All of these cannot be imagined without a certain sum of overhead to aspiring students.
Because it is certain that cost of MBA is comparatively higher than you would pay for any other professional courses, you should be ready to part with a few thousands extra in order to get into a well-known B-School. And just for your information, there are a few B-Schools that have a well-balanced fee-structure without compromising on any of the student-centric values mentioned earlier. Amongst such best-returning B-Schools, International Institute of Business Studies-IIBS stands out as an institute for investing in.