Now the IIM fee is about 2 lakh.How can the Middle class people manage it,those who are very interested and......So please reduce this hike and make it available to middle class also.
If the IIMs are top management schools in the country,it is a pity on them that they are not able to keep per capita cost to education within acceptable limits.They should necessarily look into matters responsible for such a huge fee and try to reduce those factors.For example, the primary aim of a student is to learn,then why are IIMs unnecessarily increasing the cost of classrooms,hostels through the way of outer shine(s) like providing Air Conditioners, increasing the cost of education through making the use of laptops etc necessary.They should devise a method so as to keep the cost within limits.They should not forget that they will be successful in their aim only if they are able to satisfy the needs of common men of society. They must not think this way that since an IIM graduate earns well soon after education,he/she is able to repay his education cost in the form of loans from bank.Acting it this way, it is assured that very few graduates are likely to take up a career for the development of rural and unorganised sectors because these sectors won't be able to pay him/her well so as to meet the expense of education. One must not forget that earning money is necessarily not a cause of good education, but serving society (and in turn earn money) may be a result of a good education.
RE:IIM fee hike
by Vickram S on May 07, 2008 07:08 PM
It is acceptable that the cost of all the goods has been on the rise and the education expenditures and maintainabilities is no excemption to the inflation that the nation is suffering from for the past decade.
While the fee hike is likely to be acceptable as supported by valid facts by the IIM management, it is definitely under the grey area that whether a 100% increase in the fees is the need of the hour. This mere doubling of the fees is what has created many social activists to be against the decision.
Hike is a necessary commodity, while stringent decisions have to be made and a check has to be maintained on the percentage of increase of fees to the esteemed institution.
Hike in IIMs fee is completely justify in the terms of faculty because the faculty persons at IIMs are getting less than any other private institute. Hopefully fee hike make a little increase in their salaries. But on the other hand according to the last years and this years placement report we cant find the more that 30% hike in salary than why they hike their fee almost 50% hike? Are they going to increases in salary also?
The fee-hike is not to increase their profitability.The professors of the IIMs also need to be paid handsomely, atleast in line with what the students get on leaving the institution.If not,why would good staff want to teach there? Ofcourse, we should subsidize school education for the needy instead of IIMs or other premier institutions which banks are ready to offer education loans to. Students can easily repay after getting their fat salaries.
RE:Fee hike is definitely justified
by yogesh sharma on Mar 30, 2008 09:56 PM
Be ready to take loan for your children's education just after enrolling her/him to primary/secondary/graduate/post graduate level. Hope This wouldn't be a problem as after getting a job he/she will pay you installments, year after year till end of loan.
RE:Yes. Its good step towards making sure that most of the poor people remain poor.
by sachin uppal on Apr 02, 2008 06:01 PM
I think you should look it in a different approach. What's the number of people who do PG or MBA from an IIM, its like 300 per institute per year. WHich is around 1500 candidates in an year. And how many school kids pass out each year? Atleast a million. Which is 0.01%. SO its not correct that rich become rich and poor become poorer. Its more like these institutes can be self sufficient so that govts can spend more money on Primary Education.
I hope you get this Rajesh. And BTW, talk to people who are doing MBA from IIMs, there are be atleast 75% people who have taken loans to pay the fees and they are form normal families and not rich(depends whats ur definition of rich, though). And banks are more than willing to give this to students who get through.
India should spend more on school education than subsidising PG programs like MBAs. The argument that fee hike will stop the poor people to join IIMs is not correct because banks are readily funding IIM guys. Also, these people are getting very good placement to support repayment of the loans in quick time. What the govt should do is to regulate the availability of loans to these guys. As such fee hike is justified.
RE:IIM Fee hike
by Rajesh Kumar on Feb 29, 2008 10:38 AM
And loan u will pay. Correct.
If argument is that after getting in IIM he can earn alot , then why goverment does not sponsor the candidates and take some money (example 10%) from them when they get the job every month for One or two years.
RE:RE:IIM Fee hike
by sachin uppal on Apr 02, 2008 06:04 PM
Government can't take money because of constitutional laws. They can only charge someone a tax and that policy applies on all. And if you look at it Govt takes money form these people. As they get high salaries, they pay higher tax. Hope this answers your question.
RE:IIM Fee hike
by Vivek Singh on May 02, 2008 01:02 AM
@narendra if MBA was to produce only dumbs..the IIM's would not have been charging in lacs...nor the corporates would be paying MBA's in lacs??? dont just write anything...
If students can expect increase in salary year on, then why the pain in fees. Must be increased, dont suck tax payers money - lets subsidised the cost for the needy.
A lot of the arguments in favor of the fee hike revolve around the huge pay packets the students earn after graduating. However please remember that the IIMs are not placement agencies - they are institutes of learning. The fee hike would be justified only if they are not able to recover their operating costs currently, which is not the case. The IIMs do not need to look for increased profit margins, if so what would be the difference between them and the numerous private institutions that have mushroomed all over the place ? Imparting of education should not be seen as a business
RE:No - Fee Hike not justified
by Ankita on Mar 18, 2008 02:24 PM
The fee-hike is not only to increase their profitability.The professors of the IIMs also need to be paid handsomely, atleast in line with what the students get on leaving the institution.If not,why would anyone want to teach there otherwise? Ofcourse, we should subsidize school education for the needy instead of IIMs or other premier institutions which banks are ready to offer education loans to. Students can easily repay after getting their fat salaries.
