Management education : For riches only

freak16Hey CEans!
I came to know Management requires a bank balance of around 20 lakh if done from a decent college. Is this Education made for rich people only?
And also how can a bank provide such a huge money as education loan.
What do you say?

Well, the post graduation education is usually costly. As you said, there are banks that are willing to provide education loan. It's a great business for them because a job is more or less guaranteed once you complete your education from a good B-school. But they won't just give it to anyone.

It's one of the reasons I usually recommend post-graduation only after 2 years of Industry experience.