MBA Admission@ Some top B schools that care a lot for your money

(prHWY.com) January 22, 2013 - Noida, India -- Following announcement of CAT 2012 and XAT 2013 results, it is time for MBA aspirants to get admitted to B schools. Apart from scores of the entrance scores, various factors such as course fee, placement, faculty and location tilt the balance in favor of a B school.

These factors are enough to confuse an aspirant who, till now, only focused on scoring high in CAT/XAT and performing betting in WAT, GD and PI. Fee structure and placements data have emerged as the key criteria for students for choosing the right B school. In this article, we share a unique list of most 'value for money' institutes. The information below shows the list of country's leading B schools along with their fee structure and median salary offered to their students from the last batch.

Money matters
No. : 1
Name of the institute: FMS, Delhi
Fee structure (in Rs lakh): .21
Average salary (2012): 16.34
Payback period (in days): 5
Application deadline: Closed

No. : 2
Name of the institute: Jamnalal Bajaj Institute of Management Studies, Mumbai
Fee structure (in Rs lakh): 2
Average salary (2012): 14.9
Payback period (in days): 49
Application deadline: Not available

No. : 3
Name of the institute: DMS (IIT Delhi)
Fee structure (in Rs lakh): 4
Average salary (2012): 12.5
Payback period (in days) : 117
Application deadline: 28th January

No. : 4
Name of the institute: National Institute of Industrial Engineering, Mumbai
Fee structure (in Rs lakh): 4.3
Average salary (2012): 10
Payback period (in days): 157
Application deadline: closed

No. : 5
Name of the institute: SPJIMR, Mumbai
Fee structure (in Rs lakh): 9.5
Average salary (2012): 15.2
Payback period (in days): 228
Application deadline: 2nd February, 2013

No. : 6
Name of the institute: K J Somaiya Institute of Management Studies & Research, Mumbai
Fee structure (in Rs lakh): 4.8
Average salary (2012): 7.5
Payback period (in days): 234
Application deadline: 15th Feb 2013

No. : 7
Name of the institute: XLRI Jamshedpur
Fee structure (in Rs lakh): 12
Average salary (2012): 15.5
Payback period (in days): 283
Application deadline: Not available

No. : 8
Name of the institute: LIBA, Chennai
Fee structure (in Rs lakh): 7.2
Average salary (2012): 8
Payback period (in days): 328
Application deadline: 10th Feb

No. : 9
Name of the institute: XIME, Bhubaneswar
Fee structure (in Rs lakh): 9.9
Average salary (2012): 10.83
Payback period (in days) : 329
Application deadline: Not available

No. : 10
Name of the institute: MDI Gurgaon
Fee structure (in Rs lakh): 15.5
Average salary (2012): 13.65
Payback period (in days): 414
Application deadline: Closed

No. : 11
Name of the institute: TAPMI, Manipal
Fee structure (in Rs lakh): 9.9
Average salary (2012): 8
Payback period (in days): 452
Application deadline: 5th Feb 2013

No. : 12
Name of the institute: IMI, New Delhi
Fee structure (in Rs lakh): 11.8
Average salary (2012) : 8.9
Payback period (in days): 484
Application deadline: Closed

No. : 13
Name of the institute: BIMTECH, Greater Noida
Fee structure (in Rs lakh): 9
Average salary (2012): 6.68
Payback period (in days): 492
Application deadline: 3rd Feb 2013

No. : 14
Name of the institute: FORE School of Management, New Delhi
Fee structure (in Rs lakh): 11
Average salary (2012): 8
Payback period (in days): 502
Application deadline: Closed

No. : 15
Name of the institute: IMT, Ghaziabad
Fee structure (in Rs lakh): 12.7
Average salary (2012): 7.8
Payback period (in days): 594
Application deadline: Closed

Source: Respective Institute's website and MBAUniverse.com B school 2013 Rankings

Note: The fee structure excludes accommodation charges. Payback period days are rounded-off.

The payback period is calculated as: Fee structure/average salary x 365

It is obvious from the above table that Faculty of Management Studies Delhi leads the pack with a payback period of just 5 days. JBIMS, Mumbai, is the next best with a payback period of 49 days.

If you have scored high marks in CAT, XAT exams, the above-listed institutes should be your first targets.

Stay tuned to MBAUniverse.com for more news on B schools admissions

###