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Home/ Questions/Q 20512
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Knox Rahul
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Knox RahulMaster
Asked: June 19, 20222022-06-19T10:44:32+05:30 2022-06-19T10:44:32+05:30In: Placements & Counselling

Is it worth taking a risk of around 30 lakhs fees to get into ISB or should I continue my job with 10 lpa salary?

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Ok, since you asked from a purely financial point of view, let me answer the same from a purely financial point of view.

Your salary right now is 10 lakhs. You will pay 30 lakhs, + lose 1 year of your salary in the process. So total investment would be 40 lakhs.

Now, the average salary in ISB is around 21 lakhs. Even if I consider that you fall in the 25th quartile, and the minimum salary (as far as I remember) is around 14-15 lakhs, you would end up with, say, 16 lpa.

That’s 6 lakhs more than your current salary. You would recover the total cost in less than 7 years.

Please note, I haven’t accounted for:

  1. Your increased market value that will lead to faster promotions and raises
  2. A degree from a premier college that will safeguard you from any future layoffs
  3. 1 year of learning from some of the brightest minds in the industry
  4. 1 year of spending time with some of the smartest people in the country.
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