How much does it cost to study MIM?
Studying MIM in the US can cost you on an average INR 32.09 L (for 1st year) including both tuition fee and living expenses.
Is work experience necessary for MIM?
One of the advantages of a Master in Management (MiM) program is that, often, candidates need little or no work experience to gain admission. Indeed, many tend to go straight from their undergraduate course to business school.
Can we pay education loan after getting job?
Unlike personal loans, the repayment of education loan does not begin immediately. The education loan scheme provides a repayment holiday which is inclusive of the study period, plus a moratorium of one year or six months after getting the job, whichever is earlier.
Is it worth doing MIM from Germany?
MSc and MiM grads are often stay in the country after graduation, due to Germany’s booming job market, especially considering the country has a low birth rate and ageing population. All this has made Germany a wonderful place to both study and work. These are the top 10 MiM programs in the country.
Is GMAT necessary for MIM?
Business graduates have the opportunity to choose an MIM program that is designed specifically for their knowledge level. GMAT Score and work experience is compulsory. 40 percent of MIM programs need a GMAT Score. Average GMAT Score of MIM Students is 610.
Is MiF or MIM better?
A Master’s in Finance course is primarily for those seeking a career in financial markets, whether venture capital, private equity, investment banking or asset management. In that sense, a MiM will offer greater breadth of study while the MiF is more focused exclusively on finance.
Does MIM have scope?
After gaining experience, MIM graduates can work as HR Manager, Training Manager, General Operation Manager, Sales Manager or Business Development Manager. Also, after gaining significant work experience, they can also work in higher management roles.
What happens if you fail to pay your education loan?
If you are unable to make repayment on your education loan, then you will receive notices and warnings from the lender. If you fail to comply with the same, then the lender is legally entitled to the assets you mortgaged. Your property or asset can be auctioned or used by the lender.
Will education loan get 100\%?
The Credit Guarantee Fund for Education Loans (CGFEL) Scheme provides a guarantee for education loan dispersed by banks under the Model Education Loan Scheme of Indian Banks’ Association (IBA). It means that the bank can finance up to 100 percent of the loan, if the loan is up to the limit of Rs 7.5 lakh.
What is the duration of MIM?
The duration of MiM programs ranges from 10 months to 24 months. But, most Business Schools offer 10-month programs. Kellogg, IE Business School, Esade, Duke, Michigan Ross are few top business schools which offer 10-month MiM programs.
Who earns more MBA or MiM?
According to FT 2017 Rankings, the average weighted salary of MiM degree holders from Top 10 schools ranged between $75,000 to $114,000 whereas, for MBA degree holders, the salary in the same period was anywhere between $150,000 and $195,000.
Are you eligible to get an education loan?
Whether you are a student, or working professional, if you fulfill the criteria mandated by the banks, you will be eligible to get a education loan to meet up the expenses of your future course of study. What are the different factors that are considered when lenders provide an education loan?
How to reduce the EMI of your education loan?
Students can adjust their EMI amount (increase it) to pay less interest and repay the education loan earlier than planned. Or they can extend the study loan tenure (duration) to fit the EMIs into their affordable limits.
How can my employer help me with my student loans?
As part of compensation, some employers agree to pay a lump sum amount towards your student loan at the time of hiring. Such an agreement also, in a great way, helps students with their education loan repayment. It may include a reduced salary amount and other employment terms but it is better.
Which is the best education loan for studying in India?
Oriental Bank of Commerce Education Loan for Study in India and Abroad: This loan scheme is offered to students who wish to pursue their higher studies in India or abroad. If the student wishes to pursue his studies in the US, then the amount of the loan will depend on the fee structure of the institute they have applied to.