Credit Worthy

Many management graduates from leading business schools begin their careers burdened by debt, owing to the high fees they had to pay. What is the way out?

- E. Kumar Sharma

LIFE AFTER THE evanescent time within the B-school campus can be tough if there is a huge student loan to clear. Sadly, this is the case with quite a few students graduating from elite business schools of India. One can argue that a premier education would not be easy on the purse. But then, not all who graduate take off equally. For example, the median salary at IIM-Ahmedabad in 2018 was 18 lakh (fixed yearly cash component). It means half the class got compensation packages less than this amount. The fee at the institute is currently 22 lakh (up by a couple of lakhs in the last couple of years). About 60 per cent of the students take loans of over 22 lakh.