Hi All,
I am a prospective candidate for global mba program at sp jain dubai,
this is my 1st post on this forum so let me take this opportunity to introduce myself..
I am a s/w engineer just like every tom **** n harry...I m havin a pay package of 4 LAKHS(Why i m quotin this ull come to know as ull read the entire message).
newayz had enough of introduction there are few valid points on which i wud like to draw everyones attention
and start debate and wud definately like some intelligent comments from current students......
1.After 2 years of work experience MBA shud be ceen more from the ROI perspective.yes/no)
2 If Yes{
Total fees AED 88450
= INR 1061400
Laptop = 50000
Airfair = 40000
Living expenses(Food n all) = 150000
-----------------------------------------------
Total = 1301400
*Ok agreed u are expected to have savings of some 2-3 odd lakhs then u have got two choices
Choice a.Ask ur dad for 1100000(My conscience don allow me to)
Choice b.Go for education loan(rate of interest 11%)
|
|IF Loan{
|Var Principle = 1100000
|Var rate of interest = 11%
|EMI = 19453.07
| }
|
|ElSE dads money{
| Itz ur call
| }
|
}
else No {
I am sorry to disappoint you but u don have vision
}
Ok had enough of algorithm the points i would like to raise are
1.If the institute is boasting avegare salary of 8 lakhs INR that means 66666.66 Rs a months...fair enough.
now i pay emi of above mentioned amm so i am left with 66666.66-19453 = 47213 Rs
= 3934AED
HOW ON EARTH CAN I SURVIVE IN DUBAI IN 4000 AED.
Can ne1 plz throw lite on it...ill b more than greatful.