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Updated on: 08 Nov 2022, 23:13
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.
Kudos
Bookmarks
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.
Aashna8
Joined: 01 Oct 2022
Last visit: 03 Jul 2023
Posts: 47
Own Kudos:
Given Kudos: 2
Location: India
Schools: ISB '24 (A) Judge '24 (A) Said '24 (A) CBS '25 (S)
08 Nov 2022, 23:10
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Asteroidbelt
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)
eden099jr
Joined: 10 Feb 2022
Last visit: 23 Mar 2024
Posts: 44
Own Kudos:
Given Kudos: 53
Location: India
Schools: ISB '25 (A) IIMA PGPX'25 (A) NUS '26
GMAT 1: 730 Q49 V40
GPA: 3.8
Products:
08 Nov 2022, 23:11
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santoshpulusu
So, total fee -
2.36+3.54+32.77 = 38.77 + Living expenses, right?
