Noida, India (PressExposure) June 29, 2011 -- So you are aiming to get your MBA Admissions in the year 2012. Have you 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.
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 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.
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.
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.
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.
SNAP, which is the entrance exam for the institutes of Symbiosis International University. The application fee for SNAP 2010 was Rs. 1550.
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.
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.
The application fee for IMT Ghaziabad for the year 2011-13 was Rs. 1600. IMT group of institutes accept CAT exam scores.
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.
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.
Xavier Institute of Management Bhubaneswar (XIMB) is one of the top B-schools accepting XAT scores. XIMB started the application process in September. The application fee was Rs. 1000.
BIMTECH Greater Noida
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 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.
To know more about planning the schedule, read the previous MBAUniverse.com article:
Aiming CAT 2011, XAT 2012, FMS 2012...? Plan your schedule