Education loans for aspirants of Management programs

No second thought is required to reckon management education as the top choice of most students. In fact, there are many aspirants whose ultimate dream is to become a management graduate of a recognized business school in India or if possible, abroad. Now given such situation, it is most likely that to fulfill this dream, every aspiring candidate would want to get admission in the top business schools at earliest. But, some must be flinching at the very thought of high cost of fee that needs to be paid for this single course. For them and others also, there is some good news. Though the seats of the premier institutes are filled, management admissions at other reputed management schools are still going on.

You must be wondering about the course fee. Well, it’s quite obvious to get this question first in mind given the trend and everything. For admission in a good b-school in India, you need to pay about Rs. 6 lakh to Rs. 12 lakh for full-time programs. This is definitely a huge amount, but you shouldn’t be tensed. There is a solution. Nowadays, many banks in India are providing education loans at competitive interest rates. Whether it’s a private, nationalized, foreign bank or a financial firm, they all are ready to finance your MBA course. Some of these banks are – Bank of India, State Bank of India, Punjab National Bank, Axis Bank, Central Bank of India, Union Bank of India, HDFC Bank, etc. These financial organizations offer loans at attractive rates.

For instance, if you apply for a loan from Axis Bank for up to Rs 4 lakh, your interest rate would be around 15.75%. For a loan amount of Rs 4 to 10 lakh, you will be charged somewhere around 14.75 to 16.75%.  Bank of Baroda gives up to Rs 4 lakh at the rate of 11.50% and Rs 4 to 10 lakh at the rate of 13.50%. Further, if you go to IDBI bank, you are most likely to pay an interest rate of 12.75% for up to Rs 4 lakh and 13.00% for Rs 4 to 10 lakh. State Bank of India and Punjab National Bank are also offering education loans at similar interest rates. The interest rates of Bank of India and Union Bank usually vary between 13 to 13.75%.

Not only this, female candidates can expect a concession of 0.50% in interest rates from some banks including State Bank of India, Union Bank of India and Punjab National Bank among others. Those who belong to Economically Weaker Sections (EWS) with family earnings of around Rs. 4.50 lakh a year can ask for interest subsidy from the government for their education in India. It is now known that getting finances for a Management course is not a Herculean task any more. But, there are certain areas that need some serious attention and one of them is regarding loan repayment.

After the course is complete, you need to pay back the amount of loan you had taken. Usually, repayment starts after six months if you land up a job or after one year on the completion of management program. For this, you need to make proper calculations beforehand regarding Equated Monthly Installments (EMIs) and other such things. You are recommended to check official websites of the concerned banks to make your loan plans with the help of online EMI Calculator. It will require you to provide following details – Loan Amount, Interest Rate and Length of Time/ Duration. Once all the details are furnished, you will get to know the amount you need to pay as a part of EMI and interest rates.

Since the repayment amount may vary from Rs. 10,000 to Rs. 30, 000 per month, you must try to secure a good job which can take care of your EMIs. For this, you really need to work hard and complete your two year management program with good grades.

Get to know more on Top business schools in India

According to the Indian economy, the business schools in India are increasing tremendously in the country. The business schools in India are offering the business courses in all levels like undergraduate, postgraduate and diploma which caters to the human resource in various needs and is also helping Indian economy for its growth. Selection of the best B schools of India is quite  tough task. The recognized and reputed institute also offers the best scope in the future. To get admission in the top b school in India is really tough in this scenario where the aspirants are increasing day by day.

There are many such B schools in India where one can learn the business courses which are all according to the demand of industry. Most of the business schools in India are concentrated in the major cities of the country. The cities like Delhi, Hyderabad, Mumbai and Chennai are the best option to study the business courses in India. There are number of business opportunity available for the talented youths. 

There is also the option for online MBA course and distance education available for the aspirants. In that there is full time, part time where one can find the best business studies in India. There is also the option of executive programs available for the working managers and are also offering specialized management courses. 

Our country is obtaining a special standard in the world map for imparting the managerial education and also for nurturing the professional for industry. The students gets access to the get education for getting the business education from anywhere in the world. These programs are run by the renowned institutes of the country like IIMs, FMS- Delhi, MDI etc.      

Courses in Business Management: Way to enter Corporate World.

While selecting the best business management schools for a degree in MBA, the aspirant should count some of the aspects which are quite necessary for the doing an MBA like quality of education imparted, variety and relevance of courses, cost of education, admission procedures and placement opportunities available in a Management institute. As the person gathers the information about the best B schools in India one must be aware of the accreditation system which is known to be the benchmark of any business school in India.

The minimum eligibility required to be a business professional is to be a graduate with minimum 50% of marks. There are also some national level examinations which can be appeared for taking admission in to the business courses and they are CAT (for IIMs), MAT (AIMA), XAT (XLRI), FMS, JMET (IITs and IISc) and OPENMAT (IGNOU). The students who are appearing for the final year graduation can also apply for the business management courses with this minimum eligibility with the given time frame. The candidate looking for the career in management must poses good communication and interpersonal skills, along with this a person should have the ability to analyze, good decision maker and also the leadership quality.  

The job scope for MBA graduates is counted as unparallel as they get good packages and placements which is being offered at the college level itself. There is the wide variety of opportunity that are available in business courses as it provides the students the ladder to reach top slot.

What I learnt in WLCI Business School?

It was time to learn the craft in India aimed at helping parents / relatives traditional family businesses and see and learn the ropes first hand. But with changing times, the need for professional managers also helped companies can no longer rely on fallible human instincts without the support of intelligent search and the importance of research trends.

At first, all went to the west to meet the demand for trained professionals, but it was a expensive option and impossible for many. India had a lot of talent who just need a guide quality services closer to home. And fill up that space, many institutions came to the fore in recent years. Students of these institutions are a mix of graduates and young people with limited work experience wishing to expand their areas of expertise. To serve these potential students, WLCI the courses are specifically designed to meet very specific needs in various fields. Our business programs focus mainly on the functioning of organizations and systems and processes they can accept as "best practice". This allows the students are equipped knowledge and teaching techniques that will help you perform very efficiently competitive professions.

Since its inception, WLCI always adopted this unique approach to interact closely with representatives of various sectors and invite them to train and employ our students as interns / trainees. Education in order to benefit from the care of the employer and the student. The team is WLCI structured content in each program, business process map as well as in the real world which helps students develop specific skills required by the profession of his choice.

This training program that allows students to earn, but will go through to set the pace for students in a situation where they gain experience in the industry even before they emerge as leadership candidates. Employers prefer to hire too many employees who have a working knowledge of world of business and market trends.