[twiceblessedman]

Originally Posted by agrawalansh

Hi Zubin,

I second your opinion...

And I too believe that GLIM may loose out some of very good students coz of such high fee, that too, at this point of time... If fee would have remained the same then aspirants wouldn't have also thought of not joining the institute.

It would be great that if students or members of Adcom can put this view to the management on behalf of all the aspirants of GLIM this year.

you are using double negatives and i wonder how interested you really are.....

[twiceblessedman]

Originally Posted by neakaushal

i too agre with the thoughts posted above..reason being 10L being too high to give as a part of fees in these bad times..other courses charge max upto 8 in india.inspite of it being aspiring to be a global course,it shud take into account the indian scenario.

Hi,

8 + other expenses over 2 years comes up to 10 and i havent counted the loss of potential pay for 1 extra year....

[aztecmonk]

Guys...first of all I would like to thank TBM. Spare a thought for him...he has been helping you all out in every stage of ur application right until now. Now, coming to the fees and running a simple correlation with the kind of job TBM and Gauri have been doing, do you all think this matter has not been reasoned out in the Great Lakes boardroom?

Well, as a matter of fact, though we spent about 6 lakhs for our MBA, we still stay in rented flats and spend a good amount on our basic necessities. All these are a part of the fees you would be paying the next year. So, quoting this as a steep rise is just a short circuited approach. Recession or otherwise, you dont see a Toyota or Honda(no I am not comparing Great Lakes with BMW) being rolled out at 3L do you? There is a fixed cost and variable cost associated with every investment. Irrespective of what other b schools charge, this is what Great Lakes has to offer. The choice is binary - to take it or chuck. If profs from the US and Europe have to be flown in to teach the next batch, if world class facilities have to be provided, if quality should not be compromised with, the fees has to go up - atleast to factor in the variable costs and the inflation.

I think we are better off taking this risk of losing a few bright minds rather than permanently being branded as a b school that started well but lost steam because it had to cut in on quality. Whereas the former is temporary like the recession, the latter is a nail in the coffin.

Cheers,
Aztecmonk.

[whisperingwinds]

Hi Aztec,

With due respect to your opinion,here is a food for thought.
Are professors for the US and UK not flowing in to teach the current batch???
Now claiming to increase the tuition fees from 5 to 7.5 lacs does not provide any logic.
Knowing that the air fares were on their peak in 2008 and have been constantly going down since december 2008,the cost of getting in the professors from different parts of the world should have actually been reduced.
Till now the professors might have been given accomodation in 5 star hotels in chennai(considering the lack of infrastructure),but now they will be accomodated in the new campus itself,so that amounts to considerable savings.
Moreover I do not see any new names being added to the permanent faculty or the visiting faculty,so that also doesnt favour the rationale behind the increase of fees.
A 2.5 lacs increase in the tuition fees per student?????Man,nothing except the infrastructure can explain this?
So dont you think that the increase in tuition fees has been purely related to the recovery of the cost of infrastructure???
Now your reason to compare great lakes to honda.Ok i understand that due to recession, a honda cannot be rolled out for 3 lakhs(assuming its price to be 8 lacs).But knowing that in the current downside of economy,I really dont see a honda being rolled out for 11 lakhs,the latter being the case with great lakes.
Now as you say,that you people have been spending alot in chennai for food and accomodation.Have you spent,1.5 lacs on the same???Because this is what we are being charged.

PS - my post above is strictly my opinion and is not targetted on aztec or any other person.

Regards,
Zubin
Moreover

Originally Posted by aztecmonk

Guys...first of all I would like to thank TBM. Spare a thought for him...he has been helping you all out in every stage of ur application right until now. Now, coming to the fees and running a simple correlation with the kind of job TBM and Gauri have been doing, do you all think this matter has not been reasoned out in the Great Lakes boardroom?

Well, as a matter of fact, though we spent about 6 lakhs for our MBA, we still stay in rented flats and spend a good amount on our basic necessities. All these are a part of the fees you would be paying the next year. So, quoting this as a steep rise is just a short circuited approach. Recession or otherwise, you dont see a Toyota or Honda(no I am not comparing Great Lakes with BMW) being rolled out at 3L do you? There is a fixed cost and variable cost associated with every investment. Irrespective of what other b schools charge, this is what Great Lakes has to offer. The choice is binary - to take it or chuck. If profs from the US and Europe have to be flown in to teach the next batch, if world class facilities have to be provided, if quality should not be compromised with, the fees has to go up - atleast to factor in the variable costs and the inflation.

I think we are better off taking this risk of losing a few bright minds rather than permanently being branded as a b school that started well but lost steam because it had to cut in on quality. Whereas the former is temporary like the recession, the latter is a nail in the coffin.

Cheers,
Aztecmonk.

[kritna7]

Hey All,

I really respect all the concerns floating on the forum, in fact
I second them. Its a lot of fees for all of us and in times like this
it really looks worse.
I actually asked in the interview also, if the college was planning to
introduce need/performance based scholarships , because with a hike
in fees I believe that it should be included.The Panel had no clue about it.

Reiterating that all our concerns are valid, still I believe that we should
understand that the moderators on this forum can't really do anything about it.
The authorities must have given a deep thought and must have had an
extensive discussion regarding this.Thus even if the moderators go and tell our concerns, I don't think much can happen.
Thus let us drop 'the justifying our point of view' .

There are many more criteria of deciding whether to join or not join a B-School. Maybe we can discuss that, where seniors are in a better position to help.

Regards

[thrust]

Why I feel a few people are taking the neha's direction and just continuing a stupid discussion. Stupid because as AM said your choice is binary take it or leave it. Its as simple as that.

[drshakya]

keeping my fingeres crossed for the result.................

[saurav15]

I think MBA is lot more than money invested into it....

I think of it as catalyst for betterment..........

I second the thot that answer is binary , u join it or not.....so if u r really extremenly super talented wait one more year instead of filling pages on this forum on the rationale behind fee hike.

This discussion is still more irrelevant in the wake of the fact that results are not out.

Y are people just only after GL to reduce its fees ? Many colleges have done that !!

[catsaurav]

I have been following this thread for the past few weeks and hence have been tuned in to all the posts made by fellow aspirants over the increase in fees to 10 L. Well my take is that Great lakes is an autonomous institute and its management is well within its right to increase its fees to an amount it feels will help maintain the quality of education it imparts.
Should the fees be 8 laks or 10 laks is entirely a decision of its management and am sure the management would have given deep thought about it before arriving at any decision.
As far as my decision is concerned I would like to look at it from a long term point of view. 2 laks here and there shouldn't matter a lot 5 years down the line and its an amount I would happily part with if it means great lakes maintains its growth rate and be considered at par with ISB few years down the line.

Cheers
Ankit

[sakesh]

Any idea when the results are coming out??