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Re: Calling all ISB PGP Applicants - (2023 Intake) Class of 2024
[#permalink]
Updated on: 08 Nov 2022, 23:13
Updated on: 08 Nov 2022, 23:13
Wow!! So, ISB wants us to spend close to 45-46 lakh just on the program, accommodation and food.
Suppose your pre-ISB net income pre-tax is 15 lakh (Modify as per your salary. Higher will lead to bigger losses)
Scenario 1
Total cost of 1 year = 60 lakh (45+15)
You take a loan at 8.5% for 15 years => You spend 45k every month on EMI + 15k revenue foregone on Salary => 60k
Median salary post-ISB = 28 lpa. Deduct one-time bonus and other such things (15-20%) => 22 lpa
Deduct EMI + revenue foregone => Pre-tax Post-ISB income = 15 lpa - which is same as your pre-ISB income
Scenario 2
Take a loan and buy a house for 60 lakh in suburbs. Lease it out and calculate the rental value according to your location.
Houses generally appreciate at a faster rate in suburbs. So, evaluate this option
Scenario 3
Invest whatever savings you have in Mutual funds. Assume just 10% growth. Still you'll be better off.
Suppose your pre-ISB net income pre-tax is 15 lakh (Modify as per your salary. Higher will lead to bigger losses)
Scenario 1
Total cost of 1 year = 60 lakh (45+15)
You take a loan at 8.5% for 15 years => You spend 45k every month on EMI + 15k revenue foregone on Salary => 60k
Median salary post-ISB = 28 lpa. Deduct one-time bonus and other such things (15-20%) => 22 lpa
Deduct EMI + revenue foregone => Pre-tax Post-ISB income = 15 lpa - which is same as your pre-ISB income
Scenario 2
Take a loan and buy a house for 60 lakh in suburbs. Lease it out and calculate the rental value according to your location.
Houses generally appreciate at a faster rate in suburbs. So, evaluate this option
Scenario 3
Invest whatever savings you have in Mutual funds. Assume just 10% growth. Still you'll be better off.
Originally posted by TeluguTroller on 08 Nov 2022, 23:09.
Last edited by TeluguTroller on 08 Nov 2022, 23:13, edited 1 time in total.
Last edited by TeluguTroller on 08 Nov 2022, 23:13, edited 1 time in total.
Intern
Joined: 01 Oct 2022
Posts: 47
Given Kudos: 2
Location: India
Re: Calling all ISB PGP Applicants - (2023 Intake) Class of 2024
[#permalink]
08 Nov 2022, 23:10
08 Nov 2022, 23:10
Asteroidbelt wrote:
Hello everyone
Good day
I request if anyone can throw light on couple of doubts I have
1.If I am applying to round 2. Should I submit my GMAT score before dec4th or do we have any grace period with in which I can submit my score ?
2.if I am unable to apply for round 2. Can I use the same filled round2 application for round3? Or do I have fill everything for R3?
Thank you
Good day
I request if anyone can throw light on couple of doubts I have
1.If I am applying to round 2. Should I submit my GMAT score before dec4th or do we have any grace period with in which I can submit my score ?
2.if I am unable to apply for round 2. Can I use the same filled round2 application for round3? Or do I have fill everything for R3?
Thank you
1. Submit your GMAT Score before the deadline.
2. I’m not sure about this. But mostly I think it’ll be the same. (If you’re writing any long answers in the form, I think it’s best to get a copy of it in word Incase it resets your form)
Intern
Joined: 10 Feb 2022
Posts: 44
Given Kudos: 53
Location: India
GMAT 1: 730 Q49 V40
GPA: 3.8
Re: Calling all ISB PGP Applicants - (2023 Intake) Class of 2024
[#permalink]
08 Nov 2022, 23:11
08 Nov 2022, 23:11
santoshpulusu wrote:
eden123hazard wrote:
Regarding the updated fee structure on ISB website for the PGP, there is a new component called 'Commitment fees' around 2.36L.
Is that a new addition ?
Also, what is the total fee after adding up everything? If anyone can shed some light on this, I'd be obliged.
Posted from my mobile device
Is that a new addition ?
Also, what is the total fee after adding up everything? If anyone can shed some light on this, I'd be obliged.
Posted from my mobile device
That is a new component. Last year there was only Admission fee and Tuition Fee
So, total fee -
2.36+3.54+32.77 = 38.77 + Living expenses, right?
