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Am I tripping, or is taking an education loan for a sum so large, for a Bachelor's degree nevertheless, a bad idea? Considering BITS hasn't had a single batch graduate yet, there aren't even packages given to placed graduates to refer to, to calculate the ROI. I'm not sure if she plans on borrowing the full amount or partially, but I feel like this is a bad decision because if you assume the package to be approx 15lpa in 5 years, it'll probably take over 4 years to break even with the money you'd have spent on that, and that's assuming there are NO other expenses except repaying the loan. Thoughts?
It's better go for MBA and do well in marketing & Finance
Preparing for MBA is like running back to an old demon thirsty for blood
I completely agree. What I meant was even with an optimistic estimate, it's still pretty ridiculous.
A good option can be to do LLB from Pgcl... And then use this money for a llm abroad.
Coming to the point, it's not worth the money. 60 lacs is way too much for law.
1. In order to recoup the money, she'll have to stuck her mind that she needs to go for corporate. She isn't going to have open mind for litigation or Judiciary.
2. Even if she goes for corporate and fetches highest possible package, it'll take her more than 5 years to build 60 lacs corpus. Loan is even worse.
3. See if she can take a drop. If not, go for universities like SLS Pune, ILNU Ahmedabad, JGLS, or Amity. If she's of the view that she needs to invest the money. She can rather invest in exchange program where you get to undertake one semester at a foreign University. You also get to intern at firms like Linklaters or A&O. Linklaters make 5 times more money than Indian T-1 firms combined.
4. To be very honest, education institution doesn't matter as much. If you're really dedicated - participating in extracurricular, writing research papers, taking initiatives, undergoing internships, you can beat anyone from T-1 universities, who lacks dedication. Having said that, you should look for challenging environment rather than namesake colleges. Approach seniors and alumini for such knowledge.
All the very best! Lmk what you end up deciding.
It's you, not your friend