[pratulshinde]

Its really hurting me. I was dreaming about IITs day and night, thinking they are the most economical institutes after FMS. I was thinking of leaving IIFT for IIT B, just for location + fees if I get both of them. But now, I will have to think twice before joining any college. The fees change is very drastic and it hurts more when govt institution like IIT does it.
I agree with whatever Spidy has said, more people will think twice before joining IIT B now. And I pray that other IITs dont follow similar suit else it will be very difficult for many people to get into good colleges despite scoring well in entrance exams.

Pratul

PS : My rank of 84 seems useless for me now, the dream is shattered.

[spidy_rules]

And moreover..by not calling more people,IIT-B will have to compromise with not so deserving candidates as most of them who will be selected would opt for a better option.The ones who would have still considered would have been people with a lower rank.

[lakshaya2008]

Originally Posted by pratulshinde

Its really hurting me. I was dreaming about IITs day and night, thinking they are the most economical institutes after FMS. I was thinking of leaving IIFT for IIT B, just for location + fees if I get both of them. But now, I will have to think twice before joining any college. The fees change is very drastic and it hurts more when govt institution like IIT does it.
I agree with whatever Spidy has said, more people will think twice before joining IIT B now. And I pray that other IITs dont follow similar suit else it will be very difficult for many people to get into good colleges despite scoring well in entrance exams.

Pratul

PS : My rank of 84 seems useless for me now, the dream is shattered.

Could not agree more!!
This was my most coveted call and the fee increase has been to the prohibitory extent!!
Do these guys even realize that even for education loan we need to provide collateral and if someone has any other loan on him then its impossible.
Before taking such a decision did these guys enter into collateral free agreement with banks? Were the scholarship amounts for deserving students increased? Why are these details not provided?
Is the decision absolutely final? Don't they have to get approval from HRD ministry.

[sumit2goody]

i agree to wahatever spidy and pratul have said.....

The fees is one major factor in joining an institute because it gives you kind of idea when you can be able to recover your investment in MBA...and also the increase in fees is too much almost 3 times..even i was thinking of leaving my other calls if i was able to convert IITB but now have to think twice about it now...and i seriously feel other IIT's will also raise fees (we have seen this in the case of IIM's) and then it will be a mjor source of diappointment..For people who are working lets put their average salary at around 4 lakhs per annum that means their cost of MBA will be around 8lakhs(approx fees) + 8 lakhs(salary they wont be getting) + additional costs for living in mumbai(depends on lifestyle) but atleast 1 lakh a year = 18 lakhs

Now lets say you get a job of average package 10 lakhs out of which even if you get 9 lakh in hand it will take more than 2 years to just recover your investment which in earlier case was very less a USP for IIT's but it wont be their now ..definitely a reason to be disappointed

[lakshaya2008]

Originally Posted by spidy_rules

And moreover..by not calling more people,IIT-B will have to compromise with not so deserving candidates as most of them who will be selected would opt for a better option.The ones who would have still considered would have been people with a lower rank.
Sometimes institutes do overrate themselves...

Dude I do not know what was your rank and why udid not get a call and I appreciate your points regarding fee increase but please do not comment on the credentials of an insititue. The last thing an insititue like IIT B would do is to try to overrate itself. Its an esteemed insititue and lets honor that status.
Moreover there is no point in whining over selection criteria of insititues. I missed IIM calls by a whisker Look at the criteria of GD/PI calls for IIM A, B and S it can not be justified at all.But that does not mean that I would say IIM'S are over rating themselves.

[pratulshinde]

Originally Posted by spidy_rules

And moreover..by not calling more people,IIT-B will have to compromise with not so deserving candidates as most of them who will be selected would opt for a better option.The ones who would have still considered would have been people with a lower rank.
Sometimes institutes do overrate themselves...

Sorry but I do not agree to the last line. IIT B is certainly a very good institute and I think , barring fees change, its going to get better. IIT B's 2008 batch had a similar placement as that of IIM K, which speaks for itself. Also, the location is a major plus point for IIT B.
And if you see, there are many private B Schools who charge 7-8 lakhs + hostel, though they cant even be compared with IIT B.
My point is just that, the fee change is very drastic and it should be rolled back by some amount.

[madhav.mohan86]

IITB has increased its fess. So can we do anything about it. I dont think we can. So, it's best to put this thing behind us and prepare well for GD/PI. First let's convert our calls and then focus on the monetary aspect.

IITB will have their own reasons for increasing fees. Many private institutes have similar fees and people still go there, and i mean derseving candidates. IIMA charges 13 lakh, will any person who gets slected not go to IIMA?? Furthermore management education in India is cheaper than outside, so ppl who want an MBA should be willing to cover a lot of expenses.

The couse content, structure, and industry interface in IIT B is excellent. I know the ROI for studying in IITB will be worth much more than the 8 lakh they are asking as fees (i havent checked the fees yet), I feel IITB is justified in increasing fees since it is one of the top-rated B-schools after some IIMs, FMS, IIFT, ISB, XLRI.

Anyway friends, let's all focus on things we can control and make an informed choice depending upon the conversions we have.

[spidy_rules]

Guys,

by the way a good news

IIT D is not going to increase their fees....Had a talk with Viral over accomodation thing and asked this question...He said DMS comes under IITD and hence their fees wont be hiked...SJMSOM is a management school run by itself he said...so I guess they can increase fees on their own...

[visheshsarangal]

Originally Posted by spidy_rules

He he srikant

Is it some kind of Emotional Atyachaar you want to do over me.....I am not bad mouthing any insti here(IIT-B is a brand name in itself) but the thing is that by more than tripling its fees,IIT-B cannot prove itself to be in IIM-A cadder...Given an option now,ppl will think twice before joining IIT-B as ROI is something which concerns all of us..an IIT brand will always be an IIT brand and not IIM or any other top college for that matter.

Now regarding ur blackmail I would say what I quoted in my earlier post has come out to be true...The admissions team was putting ppl with ranks over 600-700 an hope of getting a call...which by no chance was possible if IIT B selects on RANK criterion and it is now proved as well.

I feel there is no point getting personal here and we have all rights on PG to put our arguments in way which are not pleasing for all(as all of us are very desirous of seats and get emotional if someone posts the reality)..Not all of us want to take things in one direction without thinking on the other side.

Hi spidy,

Nice to see your enthu on PG.
But I disagree on ur saying "if IIT B selects on RANK criterion".
SJMSOM, IIT Bombay always selects candidates on the criterion mentioned in the prospectus.

I have seen the admission committee working day & night to make sure all the deserving candidates get a call; and thats what good institutes do.

The last thing anyone can do is doubt them. So, I request you to think twice before what are you writing. Its true that PG is a public forum and anybody can voice his/her opinion; but writing any wrong facts really deserves to be corrected.

[spidy_rules]

Originally Posted by visheshsarangal

Hi spidy,

Nice to see your enthu on PG.
But I disagree on ur saying "if IIT B selects on RANK criterion". SJMSOM, IIT Bombay always selects candidates on their rank as well as their profiles for GD/PI's .

I have seen the admission committee working day & night to make sure all the deserving candidates get a call; and thats what good institutes do.

The last thing anyone can do is doubt them. So, I request you to think twice before what are you writing. Its true that PG is a public forum and anybody can voice his/her opinion; but writing any wrong facts really deserves to be corrected.

My dear Friend

Can you please tell me the profile criterion IIT B used this year(if they ever used)...I am not self praising but I feel few ppl over here have a profile like me...I could not manage a call at 494...with all good sectionals arnd 20 each....If u wish I can put my profile over here