Pursuing a traditional course like MBA is undoubtedly really expensive. For MBA programs ,the average tuition fee is somewhat $97k in Europe and around $149k in the United States.MBA is well-known for being one of the most costly programs to pursue in the world. To finish the two-year curriculum, aspirants must pay a substantial price. 

An applicant spends time studying for the entrance tests even before getting into a B-School. As a result, the course costs a significant amount of money in addition to the B School tuition expenses.Most of the reputed B-schools offer residential programmes. Students from all over the country aspire to enter these B-schools to study MBA and most of them opt for these residential services. This means they have to pay additional hostel charges. 

To secure a seat in a renowned Business school in India, the aspirants are required to sit for the entrance tests. There are several admission tests conducted for admission for MBA/PGDM in an academic year. These are CAT, MAT, XAT, CMAT, IBSAT, SNAP, etc. After clearing the entrance 

test, the candidates are called for Group Discussion (GD) and Personal Interview (PI). The final selection is done judging the student’s performance in the entrance test, GD and PI. 

It is to be noted that before appearing for GD and PI in a particular B School, the candidates also judge the facilities, infrastructure, faculty strength, placement assistance provided by that Business School since all these schools charge heavy tuition fees from the students. 

There are several reasons that make an MBA program kuch more expensive. 

Top MBA programs provide expert faculties. Several on-campus resources such as innovation labs and Bloomberg trading terminals are also provided by several top MBA institutes. All these techniques are required to facilitate blended learning. 

Tutorials, lectures and studies always require space and all these add up in price too. Top business institutes require sites located near by business hubs. At these hubs real estate is at a premium. 

Business schools invest in expert faculty. Top MBA professors often have extensive industry experience as well as strong academic credentials, and this knowledge comes at a cost. 

Top business institutes are well known for their expertise in faculty selection. Investment in appointing the experts is a must for these institutions. Top MBA professors have intense industrial experience. Their potent academic credentials which give a significant impact on learning skills.Professors always have a positive impact on the institute's background. Thus to make bright students who in future make their institute proud.

Along with the regular MBA teachings, institutes also provide other additional experiences. These experiences also tag a particular amount of prices. 

International business trips are also organised which costs a lot. Working on projects of real world consulting also adds a huge amount of cost to the overall MBA fees. Several workshops and other career fairs Including coachings make the MBA program even more lavish. 

Although giving large financial investments in the MBA programs, beneficiary returns are availd after the placements. 

In fact the average MBA salary was $115k in 2021, according to the Graduate Management Admission Council (GMAC) research. 

Stanford MBA is the top institute with highest earning MBA grads earn $222,000 on average within three years of their graduation and it increases ,by 117% after post MBA. 

ROI is not solely financial, it also gives the MBA grats a far reaching alumni network, personal growth and personalised career advises. 

But there are several ways by which the MBA fee cost can be made affordable. The total cost for a number of schools including Harvard Business School, the University of Chicago Booth School of Business and Stanford Graduate School of Business tops $200,000. But there are numerous options for bringing your degree costs way down. 

Accelerating the MBA program from two to one year also helps on reducing the expenses. INSTEAD costs most lavish fee for one year tenure MBA program, but even the fee of INSTEAD is much less than the toatal 2 year MBA Program fees. 

There are always some certain steps that one should follow. Searching for all the possible Scholarships is a must to do job. The scholarships available can cover up most of the part of the MBA tution fees. 

There are various Scholarships available such as for women, international students,ethnic minorities, or while others recognize top academic talent, leadership potential, and GMAT scores. 

In Chris Abkarians's view many students does not pay the fee described on MBA school's website.US schools also lowers the fees on merit basis.He suggests tyat even while recipe ing the financial aid offers , one must negotiate. 

Taking student loans always remains a great idea..Taking loans is a realible and affordable process.in which better negotiation is possible for intrest rates. 

Event though MBA is much more expensive than other traditional courses, it provides the career advantage, global network, personal advancement, and highly paid wages are the proof of getting strong profit on the investment.

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