Education is getting expensive – I am sure no one doubts that fact. Be it Government or Private Institute the fees are easily in Lakhs. Only a fraction of students can afford it and that too by taking Education loans.
Getting admissions in these premier Business Schools is even more difficult – You probably have to be amongst the cream of the lot to get admissions in IITs and IIMs.
While researching on the fees charged by these premier institutions, I hit upon a very interesting visualization and thought it would interest our readers a lot.
The following 2 visualizations give information about the total seat intake by an institution and fees charged by them. I was quite surprised that both these aspects are directly proportional to each other.
The colors of the boxes basically denote the fees charged by the institution, while the size of boxes denote the total seat intake by them every year.
Let us take example of IIM Calcutta, where the total intake is 460 seats every year and fees are 13.5 Lakh rupees. Amongst the IIMs itself, IIM Ranchi has least intake of seats and their feed is also lowest amongst all IIMs (about Rs. 6 Lakhs)
Among all the Private Colleges, ISB Hyderabad offers maximum seats (560) and their fees is also the highest amongst all colleges in India (Rs. 21.5 Lakhs).
Most of the colleges here stick to the theory of “Higher the seats, Bigger the fees”, except FMS Delhi, which has moderate seat intake of 226 seats but has the lowest fee structure of only 20,000 rupees (I am actually quite surprised – Can anyone confirm if this is true ?)
If you want to see the above interactive visualization, you can go to IBM’s “Many Eyes” portal.