Why Does a PGDM Cost So Much?

As with so many other programs, the cost to get a PGDM seems like always increasing. Now no one is really unaware of the benefits one gets to reap on studying management, and that too, preferably, from one of the best institutes of the country, but is such a high tuition fee really justified? We think, yes, and this is why:
Investment

Getting a PGDM is mainly about improving one’s employability. As expensive as this course is it also gets one directly a managerial position in a company, preferably a big company if the PGDM is from one of the top b-schools. So, it’s an investment of a kind, because most of the best institutes do ask for a large amount of fee, but the return on that investment is much, much higher. And that makes the difference. And not just the monetary benefits, but benefits in terms of position, expertise, and so much more. And that’s why, the fee per semester charged by most PGDM-offering colleges are quite justified.

Expertise

You learn the best of your chosen field from, apparently the best in their respective fields, and in the best way possible. And that kind of thing costs – usually, a lot. It is the expertise of your faculty members, the alumni, the guest lecturers arranged by the colleges, and even your peers – this is an extremely important asset that you gain for yourself. The opportunities offered in the course of this course are utterly important and not easily available. And that’s why the higher cost.
Not just a qualification

It’s not just a qualification – the college that you get your PGDM from, acts as a brand that you add to your resume. The money that you spend as your tuition fee, it pays not only for what you get to study in terms of textbook knowledge, bit in terms of the experience and exposure  that you get. You meet new people, learn new skills,  learn about different cultures, and more importantly you learn so  much more about your own self! And in that respect, the money you pay to get into the best b-school possible, is definitely money well spent!

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