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Management education : For riches only

Question asked by freak16 in #Debates on Feb 10, 2011
freak16
freak16 · Feb 10, 2011
Rank C2 - EXPERT
Hey 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? Posted in: #Debates
Kaustubh Katdare
Kaustubh Katdare · Feb 10, 2011
Rank A1 - PRO
freak16
Hey 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.

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