MBA Exams 2011-12: What will it cost you!
So you are aiming to get your MBA Admissions in the year 2012. You must have thought of which MBA entrance exams to take and submerged yourself in the sea of preparation. But have you ever given it a thought that along with your preparation, you also need to plan your budget. When you plan your MBA, you plan to take a couple of MBA entrance exams followed by application in B-schools of your choice and caliber. In this article of MBAUniverse.com, you will know what your approximate budget should be for gaining your MBA Admission.
First let us have a look at the MBA entrance exams that you must take in order to gain admission in one of the premium B-schools of the country and the budget you need to allocate for them.
CAT
To apply for CAT, you need to buy a CAT voucher. Last year, the cost of the CAT voucher was Rs. 1400. Through this CAT Voucher, you are applying to all the IIMs and you need not apply to the IIMs separately. The 13 IIMs in which you can apply for the year 2012 are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Shillong, IIM Kozhikode, IIM Ranchi, IIM Raipur, IIM Rohtak, IIM Trichy, IIM Kashipur and IIM Udaipur.
XAT
The application fee for XAT was Rs. 900 last year. Candidates who registered through Demand Drafts had to pay Rs. 950. While you apply for XAT, you do not have to apply to XLRI Jamshedpur separately, which conducts the B-School.
IIFT
To apply for the IIFT exam, you can either by the application form from the counter or you can apply online. For General candidates, the application fee for last year was Rs. 1500. If you apply for IIFT exam, you don’t have to apply separately for IIFT Delhi and IIFT Kolkata.
FMS
FMS, the entrance exam for FMS, University of Delhi had the application fee of Rs. 750 last year. The registration can be done online by visiting the official website of FMS. Through this registration, you are also registered for the admission of FMS, University of Delhi.
NMAT
Last year, NMAT had introduced a change in the format. A candidate can take the test thrice. Hence, the application fee also depended on that. The application fee for NMAT 2011 was Rs. 1650. The fee for rescheduling the test was Rs. 800. Registering for NMAT makes you eligible for the admission of Narsee Monjee Institute of Management Studies (NMIMS) Mumbai, which conducts the exam.
SNAP
SNAP, which is the entrance exam for the institutes of Symbiosis International University. The application fee for SNAP 2010 was Rs. 1550. The prominent B-schools under Symbiosis International University are Symbiosis Institute of Business Management (SIBM) Pune, Symbiosis Institute of International Business (SIIB) Pune and Bangalore, Symbiosis Center for Management & Human Resource Development (SCMHRD) Pune, Symbiosis Institute of Telecom Management (SITM) Pune to name a few.
Note that the application fees of the top MBA entrance exams which are mentioned here are of the last year, 2010-11. Hence, they are subject to change. But the average budget which you should fix for taking MBA entrance exams is approximately Rs. 8,000 to Rs. 9,000.
Now let us have a look at the prominent B-schools which accept CAT and XAT scores and the application fee they charged for the academic year 2011-13.
MDI Gurgaon
Management Development Institute (MDI) Gurgaon had started the application process for the year 2011-13 from September 2010. The cost of the Admission forms was Rs. 1600. Candidates who received the form by post or by online application had to pay Rs. 1750. MDI Gurgaon accepts CAT exam scores.
IMT Ghaziabad
IMT Ghaziabad is had also started its application process along with the other top B-schools. The application fee for IMT Ghaziabad for the year 2011-13 was Rs. 1600. IMT group of institutes accept CAT exam scores.
SPJIMR Mumbai
SP Jain Institute of Management Research (SPJIMR) is one of the top B-schools in India, based in Mumbai. SPJIMR started its admission process from September 2010. The application fee was Rs. 1200. The B-School accepts the scores of CAT and XAT exams.
NITIE Mumbai
National Institute of Industrial Engineering (NITIE) Mumbai is another Mumbai based B-School of repute. For the admission, it accepts the scores of CAT exam. The application fee is Rs. 1000.
XIM Bhubaneswar
Xavier Institute of Management Bhubaneswar (XIMB) is one of the top B-schools accepting XAT scores after XLRI Jamshedpur. XIMB started the application process in September. The application fee was Rs. 1000.
BIMTECH Greater Noida
Birla Institute of Management Technology (BIMTECH) Greater Noida also started the admission process in the month of September last year. The application fee of BIMTECH for the academic year 2011-13 was Rs. 1700.
TAPMI Manipal
T A Pai Management Institute, Manipal had started the admission process from September 2010. TAPMI accepts CAT scores for the admission. The application fee for TAPMI was Rs. 1200.
There are many other B-schools which you can apply on the basis of several criteria like your exam scores, location etc. For this the average budget will be approximately Rs. 10,000 to Rs. 15,000.
Hence, overall you should be well prepared to have a budget of around Rs. 25, 000. They don’t say MBA is an investment for lifetime just like that! So while preparing for taking the test, as well as to manage your budget, make sure that all the effort is not wasted and give your best shot to crack the highest percentiles and ensure your admission in the apex B-School.
http://www.mbauniverse.com/article/id/4712/Allocate-your-budget-for-MBA-Admissions
First let us have a look at the MBA entrance exams that you must take in order to gain admission in one of the premium B-schools of the country and the budget you need to allocate for them.
CAT
To apply for CAT, you need to buy a CAT voucher. Last year, the cost of the CAT voucher was Rs. 1400. Through this CAT Voucher, you are applying to all the IIMs and you need not apply to the IIMs separately. The 13 IIMs in which you can apply for the year 2012 are IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Shillong, IIM Kozhikode, IIM Ranchi, IIM Raipur, IIM Rohtak, IIM Trichy, IIM Kashipur and IIM Udaipur.
XAT
The application fee for XAT was Rs. 900 last year. Candidates who registered through Demand Drafts had to pay Rs. 950. While you apply for XAT, you do not have to apply to XLRI Jamshedpur separately, which conducts the B-School.
IIFT
To apply for the IIFT exam, you can either by the application form from the counter or you can apply online. For General candidates, the application fee for last year was Rs. 1500. If you apply for IIFT exam, you don’t have to apply separately for IIFT Delhi and IIFT Kolkata.
FMS
FMS, the entrance exam for FMS, University of Delhi had the application fee of Rs. 750 last year. The registration can be done online by visiting the official website of FMS. Through this registration, you are also registered for the admission of FMS, University of Delhi.
NMAT
Last year, NMAT had introduced a change in the format. A candidate can take the test thrice. Hence, the application fee also depended on that. The application fee for NMAT 2011 was Rs. 1650. The fee for rescheduling the test was Rs. 800. Registering for NMAT makes you eligible for the admission of Narsee Monjee Institute of Management Studies (NMIMS) Mumbai, which conducts the exam.
SNAP
SNAP, which is the entrance exam for the institutes of Symbiosis International University. The application fee for SNAP 2010 was Rs. 1550. The prominent B-schools under Symbiosis International University are Symbiosis Institute of Business Management (SIBM) Pune, Symbiosis Institute of International Business (SIIB) Pune and Bangalore, Symbiosis Center for Management & Human Resource Development (SCMHRD) Pune, Symbiosis Institute of Telecom Management (SITM) Pune to name a few.
Note that the application fees of the top MBA entrance exams which are mentioned here are of the last year, 2010-11. Hence, they are subject to change. But the average budget which you should fix for taking MBA entrance exams is approximately Rs. 8,000 to Rs. 9,000.
Now let us have a look at the prominent B-schools which accept CAT and XAT scores and the application fee they charged for the academic year 2011-13.
MDI Gurgaon
Management Development Institute (MDI) Gurgaon had started the application process for the year 2011-13 from September 2010. The cost of the Admission forms was Rs. 1600. Candidates who received the form by post or by online application had to pay Rs. 1750. MDI Gurgaon accepts CAT exam scores.
IMT Ghaziabad
IMT Ghaziabad is had also started its application process along with the other top B-schools. The application fee for IMT Ghaziabad for the year 2011-13 was Rs. 1600. IMT group of institutes accept CAT exam scores.
SPJIMR Mumbai
SP Jain Institute of Management Research (SPJIMR) is one of the top B-schools in India, based in Mumbai. SPJIMR started its admission process from September 2010. The application fee was Rs. 1200. The B-School accepts the scores of CAT and XAT exams.
NITIE Mumbai
National Institute of Industrial Engineering (NITIE) Mumbai is another Mumbai based B-School of repute. For the admission, it accepts the scores of CAT exam. The application fee is Rs. 1000.
XIM Bhubaneswar
Xavier Institute of Management Bhubaneswar (XIMB) is one of the top B-schools accepting XAT scores after XLRI Jamshedpur. XIMB started the application process in September. The application fee was Rs. 1000.
BIMTECH Greater Noida
Birla Institute of Management Technology (BIMTECH) Greater Noida also started the admission process in the month of September last year. The application fee of BIMTECH for the academic year 2011-13 was Rs. 1700.
TAPMI Manipal
T A Pai Management Institute, Manipal had started the admission process from September 2010. TAPMI accepts CAT scores for the admission. The application fee for TAPMI was Rs. 1200.
There are many other B-schools which you can apply on the basis of several criteria like your exam scores, location etc. For this the average budget will be approximately Rs. 10,000 to Rs. 15,000.
Hence, overall you should be well prepared to have a budget of around Rs. 25, 000. They don’t say MBA is an investment for lifetime just like that! So while preparing for taking the test, as well as to manage your budget, make sure that all the effort is not wasted and give your best shot to crack the highest percentiles and ensure your admission in the apex B-School.
http://www.mbauniverse.com/article/id/4712/Allocate-your-budget-for-MBA-Admissions
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