Hey everyone,
I’ve been selected for the BM program at XIMB, and I’m trying to make a pretty big decision. 25 GEF with 9/8/8 profile.
A bit about my situation:
- Fresher (no prior work experience)
- Total loan required: ~₹32 lakhs
- By the time I finish repayment (~5 years), this will inflate to around ₹45 lakhs with interest
- Average package at XIMB: ~₹19 LPA
This is where I’m confused.
On one hand, XIMB is a well-known Tier-2 B-school with decent placements, alumni network, and brand value. On the other hand, taking on a ₹45L repayment burden without any prior work ex feels risky—especially considering taxes, cost of living, and the fact that “average” packages can be skewed.
The alternative I’m considering:
- Start working now (even if it’s a modest salary)
- Upskill in areas like analytics / tech / business roles
- Avoid taking a massive loan
- Maybe aim for a better MBA later (or switch roles based on experience)
I’m trying to weigh:
- ROI and actual in-hand salary vs EMI pressure
- Value of MBA without work experience
- Career trajectory if I skip MBA for now
Would really appreciate honest opinions from people who’ve been in similar situations or know the ground reality.
Is XIMB BM worth this kind of financial commitment for a fresher, or does it make more sense to work first and avoid the loan burden?
Thanks in advance!