CAT Exam Fee Structure for MBA

CAT Exam Fee Structure for MBA To many candidates, the CAT exam fees for MBA and the cost of MBA course in total might be expensive investment. The fees that candidates have to pay for MBA through CAT may vary significantly i.e. between Rs 20000/- to Rs 30000/- depending on the college one gets admitted to. However the overall cost which has to be incurred to get an MBA is far higher and it differs whether you are studying in an IIM or some other B school of repute. The CAT exam fees for MBA normally extend over the cost of the application forms and test. It is important to note that these fees are quite different from the tuition and program fees one is likely to pay after one gains admission to an MBA program. Fees after Clearing CAT The fees structure is very much different depending on the institution and after passing the Common Admission Test. As we know that cost of MBA varies from college to college and on average it may cost from INR 5 lakhs to INR 25 lakhs for entire course. Now that you have cleared the CAT exam itself, it is time to take a look at some of the costs which are involved for the next phase. 1. Tuition Fees Grolier Academic Reference Encyclopaedia states that most of the other costs after passing Common Admission Test are associated with tuition fees. If you get a chance to get in to one of the IIMs, you are going to spend somewhere between INR 12 lakhs to INR 25 lakhs for the two year MBA programme. Some of the best MBA colleges in India operating with comparatively higher fees structure ranging from INR 8 lakhs to INR 20 lakhs in accordance with the ranking and facilities provided by the college. Appreciating the CAT exam pattern and identifying the CAT exam syllabus could enable one acquire scholarships which challenge the tuition costs. Most of the popular MBA colleges also have scholarships which are availed depending on the candidate s performance in CAT, academic performance, and without any financial constraints. 2. Hostel and Accommodation In addition to fees, students have to cater for accommodation costs which also are fairly reasonable. On successful completion of the Common Admission Test,

most of the students prefer to stay in the institute hostels which will cost between INR 1 lakhs to INR 3 lakhs per annum. If you wish to find a place outside campus, then the expenses differ with the place and city. However, it is worth mentioning that while preparing for the CAT and following the CAT syllabus, eating costs, among other expenses need to be considering as they often influence the total expenditure of the MBA programme. 3. Additional Fees Some colleges will provide extra charges for privilege such as library, medical, mess, and other student amenities. These additional expenses, after crossing Common Admission Test bar, may vary from INR 50,000 to 2 lakhs per year in various institutions. 4. Study Materials and Resources After CAT you will have to spend on the necessary books, study materials, textbooks, students reference material and other things needed for MBA program. These materials readily available may range between INR 20, 000 to 50,000 for the whole program. 5. Miscellaneous Expenses It is not over yet after passing the Common Admission Test However, this article gives insight on how to clear it. The following are different miscellaneous cost after admission which the students needs to cater for. These are for example; transportation costs, fees for internships, seminars, workshops and industry visits. These additional costs could be anywhere between thousand Indian Rupees to three lakhs Indian Rupees during the course period. Scholarships and Financial Aid Most of the students who pass the Common Admission Test look for scholarships and other forms of financial assistance to fund an MBA degree. Scholarships are tenable on the basis of the candidate s CAT scores, the academic achievement, and the income level. Thus, if you re planning for these scholarships, you can improve your possibility to get these scholarships through knowing all the CAT exam syllabus and fine performance in the CAT exam pattern because these scholarships may provide the fee between 0 and 100 percent. Further, most of the education loans are provided for MBA students, for which the CAT exam fee for MBA and the costs incurred after admission can be included.

Conclusion Successfully coming out of Common Admission Test is a great accomplishment but one must plan financially for the journey further. Tuition fees of MBA after CAT exam depend on the university, place, and type of programme a student wishes to take. Apart from tuition fees, students should also consider other costs such as accommodation, fees beyond tuition, textbooks, and other incidental expenses, respectively. It is crucial to comprehend the CAT exam syllabus, learn about the approach to the CAT exam, and fulfil the criteria required for admission to the CAT exam in order to be admitted to a prestigious B-school. However, it would also be useful to understand the fees structure of CAT exam for MBA and then align the financial part of MBA course so that the transition going forward is smooth once you clear the Common Admission Test. In conclusion, while it appears that the Common Admission Test is a selection tool, there is much to deliberate on fees. The road map to an MBA is more than simply learning all the topics of the CAT exam and fulfilling the CAT exam requirements; one has to know how much money and MBA is going to cost and how to finance it. Also read : Best MBA Colleges in Lucknow with Fee Structure