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इंडियन आवाज़     10 Aug 2022 01:57:15      انڈین آواز

H1- 2022 XAT results: Alternative options and top ways to finance your course

In the 2022 session, the XAT results are expected to be announced between 20th – 25th January 2022. The exam is slated to take place on the 2nd of January, and preparations among the students are at the final stages now.

The commonly held belief is that you need to score really well to make something out of the XAT results. However, there are around 150 institutions, other than the 11 XAMI institutes, where you can take admission with XAT results.

The exam is difficult, and a moderately good score can get you into a top B-school. The prospects are good enough to be considered, and the saying that all is lost if you don’t get into XLRI is purely a myth.

Let’s look into how that’s possible first. Later on, we will look at the best ways to finance your MBA after XAT results.

H2- Top alternatives after XAT results

  • Asia-Pacific Institute of Management, New Delhi

The Asia-Pacific Institute of Management in Noida is a top global B-school that accepts XAT exam scores. Both PGDM and MBA courses are offered here, and several of them come with innovative specializations.

For admissions, you need 50% marks at the undergraduate level along with XAT scores. The total fee for the course is around 9 to 11 Lakhs. Scholarships are available for meritorious students, and the amount depends on past performances.

  • Bennett University, Noida

Established by the Times Media Group, Bennett University is a top professional institute offering courses in engineering, management, and journalism. It is undoubtedly a top professional institute for management education that accepts XAT results.

The total fee in the 2 years MBA course is around 10 Lakhs. There is a specialized placement training cell that provides specific industry-based guidance. The will always be opportunities for internships and part-time work throughout the duration of the course.

  • NTPC School of Business

NTPC Schools of Business in Noida is an excellent B-school if you want to do an MBA in Energy Management. It is among the few institutes in India offering a course in energy management. All students aspiring for this course target NTPC School of Business after XAT results.

Employment in this sector is niche-based, as energy management as a field is still emerging. However, there is very little competition for the available roles, and you can get a well-paid job after completing this course. 

 H2- Top ways of financing your course

  1. Scholarship

Scholarships are the most preferred and hassle-free way of financing management education. Colleges offer fee-waiver to meritorious students based on their XAT results. The waiver amount ranges anywhere between 30% to 100% of the total course fee. Sometimes, additional living expenses are also provided to needy students.

This is a great way of financing your education if you cannot afford the course fee. It is important that education is inclusive and everyone has access to it. As a result, colleges open their doors to those students as well who cannot afford a B-school degree.

  1. Pay After Placement

Pay after placement is an innovative financing scheme in management education. You have to pay an initial amount (around 30% of the course fee) to start the course. You can pay the rest only after you start working. The fee will be modulated according to the CTC you receive and you will have to pay it in monthly installments.

With this scheme, you can be financially independent while completing the course. Moreover, the fact that you only pay after placement, means that the institute is responsible for ensuring that you’re placed. No other financial scheme offers such complete coverage.

  1. Bank loans

Taking a bank loan to pay the course fee is a common way of financing your management education. Most small and big banks offer education loans to students without much hassle. However, the interest rates can be around 7 %, ultimately making it an expensive affair for students.

It also interferes with your financial independence and as a result, focusing on studies can be difficult. As a result, most students tend to avoid this means, unless there is no other way out of the problem. 

H2- Conclusion

As you can see, there are many ways of financing your management education that does not involve paying the course fee upfront. After your XAT results are out, there is no need to be intimidated by the huge course fee in most colleges. There are other ways to solve this financial problem, and you should be on the lookout for them.

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