Sunday, March 29, 2009

American Management Education at Indian Fees

Dear Prospective Student:

One of the decisions that we took early on in the formation of the school is about the fee structure. We felt that in bringing American Management education to India where US based professors will visit India to teach our students, we should not keep the fee level very high. We felt that the fee for the two year program should be kept less than 10 lakhs so that our students can get a bank loan easily. This is important to us since even government institutions such as the IIMs charge more than 11 lakhs for their programs.

You may ask how is it that we are able to keep the fee low even when we have visiting US based professors who not only have to be paid more (in tune with the US salaries) but also have to be paid for their travel to India. This is where we innovated in our business process model. We questioned the assumptions underlying each item of cost to ensure that we keep our costs low and pass on that benefit to students in the form of lower fees.

Our tuition fees for the two year program is Rs.9.6 lakhs including service taxes. In this respect, therefore, we are much lower than most other ranked schools in India.

Dean

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