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The Cost of an MBA in the USA for Indian Students can be around Rs. 50,00,000 - Rs 1,00,00,000 for top universities.  The most popular and highly desired degree among current international students is the MBA. The 2 - year MBA program in the USA trains students for leadership and management roles. It is undoubtedly among the most expensive degrees since it is one of the most sought-after.   Although the USA is one of the most expensive countries in which to pursue an MBA, the demand for the program has not reduced. While the prices can be intimidating for students, the investment is worthwhile. You can find all the details about the best MBA schools in the USA in our guide, including information on costs, living expenses, and more. How much does an MBA cost in the United States?  The average cost of an MBA in the USA is between $1,60,000 and $1,80,000 per year. This sum accounts for living costs while doing an MBA in the United States, which range from $ 8,000 to $ 10,000 per month.   MBA prices in the United States range from 60,000 to 80,000 USD annually.  It is critical to mention that the cost of an MBA in the United States for an Indian student strongly relates to their selected university and style of life. CALCULATE COST Costs paid by students before traveling to the USA  Some costs, primarily pre-arrival costs, are not typically covered by top institutions in the USA's cost of attendance. The pre-arrival costs associated with an MBA in the USA are entirely out-of-pocket costs that must be taken into account since they are not reimbursed either by scholarships or financial assistance.  From application form fees to foreign entrance exam fees like GMAT, IELTS, or TOEFL, students have to pay for them on their own.  American living expenses for foreign students  Living expenditures play a significant role in determining the price of an MBA in the United States. In contrast to India, the USA has a high cost of living. Rent, food, groceries, transportation, health insurance, and other costs are your responsibility. Depending on where you are in the USA and your preferences, the monthly costs associated with USA MBA tuition for Indian students can also change.  Your monthly living expenses in the USA will be between $800 and $1000, or roughly $10,000 to $12,000 annually. For Indian students, the typical cost of living will be between 60,000 and 80,000 INR. A $500–$1000 annual premium for health insurance will also be required of you. US MBA employment and compensation data  There is going to be high demand for MBA employment in the USA regardless of market growth or recession. MBA salaries are relatively high for popular MBA job titles, and with time, one can succeed in his or her profession. The opportunity to work for many of the largest companies in the world is available to MBA graduates. Working with Fortune 500 firms is a fantastic opportunity that top business schools in the USA provide. Top tech companies like Amazon, Google, Microsoft, and eBay as well as well-known consulting firms like McKinsey & Company, Boston Consulting Group Inc. (BCG), Bain & Company, and Deloitte favor hiring candidates from well-known MBA institutions in the United States.  Consult an expert advisor to get the right plan TALK TO AN EXPERT FAQ How much does an MBA cost in the USA for international students? The annual cost of tuition for an MBA in the United States ranges from USD 45,000 to USD 77,000 (32.9 Lakhs INR to 58.5 Lakhs INR).  Is an MBA in the USA worth it?  The Graduate Management Admissions Council (GMAC) predicted that MBA graduates working for US corporations in 2022 will earn a median annual income of $115,000 based on a poll of corporate recruiters in that year. Earnings for those without an MBA were predicted to be substantially lower, at $75,000 for bachelor's university grads. Can I do an MBA for free in the USA?  It is difficult to pursue a free MBA in the USA; very few institutions provide such courses. However, several universities provide full scholarships for MBA programs in the USA. How much does an MBA cost? Although an MBA program's annual tuition fees might range from just under $20,000 to more than $80,000, the true cost of receiving an MBA on-site is significantly higher than just tuition. The costs of textbooks, transportation, lodging and board, and campus fees all add to the bottom line.

MBA programs in the UK are becoming more and more popular in the coming times with more and more students seeking to pursue their MBAs in the UK.  The most attractive part about studying MBA in the UK surprisingly is the less strict requirements than in the US and Canada. If you have a grade point average of 65%, you can easily apply to most MBA schools in the UK. However, tuition fees, general MBA costs, and living costs can vary a lot from one business school to the next, depending on where the university is located. MBA programs are offered at about 130 business schools in the UK.  Cost of MBA in the UK  As the demand for MBA programs in the UK rises, the price of these programs is expected to rise. When deciding where to study, international students carefully weigh their options before enrolling in a business program.   Budgeting for expenses includes:  UK student visa cost  Associated application costs  Plane tickets   The total post-arrival cost takes into account tuition and living expenses. The total cost of an MBA in the UK includes not just tuition but also living expenses for the duration of the program.  MBA programs in the UK are of duration between 12 and 21 months and cost between 31,450 GBP and 87,900 GBP (approx 29 Lakhs to 81 Lakhs INR). Cost of MBA for Indian Students in UK universities UniversityAnnual tuition fee in EuroAnnual tuition fee in INRThe University of Manchester, ManchesterEURO 72,149INR 58,12,229 University of Cambridge, CambridgeEURO 69,330INR 55,85,160University of Warwick, CoventryEURO 67,930INR 54,72,724Cranfield University, BedfordEURO 60,660INR 48,86,649Durham University, DurhamEURO 50,090INR 40,35,141University of Strathclyde, GlasgowEURO 49,680INR 40,02,545Lancaster University, LancasterEURO 48,330INR 38,93,406University of Southampton, SouthamptonEURO 41,865INR 33,72,613Brunel University, LondonEURO 37,510INR 30,22,121University of Leeds, LeedsEURO 35,520INR 28,61,250 Cost of living in the UK Rent 760 EUR to 1,350 EUR 60,999 INR to 1,08,355 INR Food 230 EUR 18,347 INR Mobile Phone & Internet 85 EUR 6,850 INR Stationery Items 50 EUR 3,669 INR Clothing & Laundry 115 EUR 9,180 INR Transportation (Monthly Pass) 75 EUR 5,974 INR Miscellaneous 50 EUR 3,669 INR  There is a broad range in both the cost and availability of full-time MBA programs. A 12-month program, for instance, will set you back £61,500. You may be able to save money on tuition by choosing an MBA program that is situated in a city other than London. Costs for MBA programs at universities outside of London typically begin at roughly £12,000 per academic year.  The cost of getting an MBA from one of the best business schools in the UK is high, and so are the salary returns that are expected. Students who get their MBA in the UK can get a package worth up to 100,000 GBP (97 LPA) per year.  TALK TO AN EXPERT

Are you a new college student and looking for a student internship? Well, congratulations! College life is a new adventure and a new journey. All the new experiences that come with college must be quite overwhelming, especially if you study abroad.  What electives should you take? Should you join a club or society? What kind of extracurriculars would be the best for your CV? And what about internships? How do you get an internship and what are they good for? Well, let us attempt to answer at least the last few questions for you. Internships are the first step to getting ready for the job market in a practical sense. Recruiters look for more than just a good degree and grades these days. They want practical experience. Interning helps you transform your education plan into a solid career plan.  What are student internships? College degrees tend to be quite academic and bookish in nature. Your classes will teach you everything you need to know about the theoretical side of things in your discipline. However, often, colleges fall short of teaching you more practical skills that are needed for working in the field. Even though many colleges, especially if you study abroad, offer training modules and projects, they may not always be enough. This is where internships come in. An internship is basically a temporary position offered by an employer to candidates who are currently studying. An internship is not the same as being employed by a company. Interns may get a stipend or travel allowance, but they don’t receive other benefits like health coverage, etc, offered to full-time employees.  The kind of work expected from interns varies from company to company and field to field. Generally, interns either assist on projects or undertake simple paperwork or other low-responsibility tasks. Why should you do student internships? 1. Hands-on experience Internships offer valuable, hands-on work experience for students who are yet to enter the job market. This is the training that colleges fall short in. Internships allow students to see how a company actually works and is run. It gives them the experience of working with a team or under a supervisor to finish or assist in various projects. 2. Strengthen your cv Recruiters often prefer students with multiple internships in their CVs. This is because if a student already has basic work training and experience, the employer has to spend less time and resources in training them.  3. Networking Internships also allow you to make connections and network with people who are already in the industry. These people can mentor you and offer you advice or even letters of recommendation. This can help you not only in your career but also in your future education plans if you want to study abroad. Moreover, if you perform well as an intern and are in the final year of your degree, you can even get a job offer from the company you are interning for based on your current performance.  4. Helps you determine a career path Internships can also offer you a taste of your potential career path. If you are a student working towards a business or commerce degree,. For example, if you do a marketing internship that you dislike, that tells you that marketing may not be for you. You can then focus on some other career path like sales or finance. How to get an internship? 1. Referrals Often you can leverage your existing network to get an internship. Ask your seniors, classmates, and peers where they interned or are interning and whether they could refer you. You could also ask for referrals from teachers or professors with industry experience or contacts. Your college placement cell or career counseling section can also help you find internships. Another way of finding referrals for internships is through family networks. 2. Recruitment websites Recruitment websites are some of the most common ways of finding an internship. You can simply enter your degree and other qualifications and skills on these websites to find internships that are best suited for your skillset. Sites like Internshala that are specific to internships can be helpful. LinkedIn can be used for both searching for internships as well as building your network and displaying your skills and work profile.  3. Social Media Oftentimes, companies will advertise internship opportunities on their social media pages. If there are certain companies or employers that you really want to work with, you should keep an eye on their social media as well as the careers page on their website for opportunities. You could also search appropriate hashtags on social media to find internships near you. For example, you could search #internship #delhi #finance for internships in the finance industry in Delhi. 4. Cold Emailing This is another way of finding internships that may not always work but show initiative and confidence that recruiters love. If there is a particular company that you want to work with, you could simply email their HR and ask if there are any opportunities available. Be personable and confident, list your skills and how you can be useful to the company as well as why you want to intern for them. Cold may not always work because companies may not always have opportunities available. But they do create an impression that could work favorably for you. Are internships only for college students? While internships are common for college students, this does not mean that high schoolers cannot undertake them. In fact, an internship can be very fruitful for your CV if you are planning to study abroad. Finding an internship can take a little bit more effort if you are a minor since most companies prefer students who are at least 18. However, with the right reference, it may be possible.  Internships are also a great way for you to spend your gap year if you want to take a break between school and college. You should also consider internships if you have graduated college but haven’t found a job yet. While an internship does not pay as well as a job, it can still offer you experience and add value to your CV. FAQs What are internships? An internship is basically a temporary position offered by an employer to candidates who are currently studying. An internship is not the same as being employed by a company. Interns may get a stipend or travel allowance, but they don’t receive other benefits like health coverage, etc, offered to full-time employees. How to get an internship? Some ways to find an internship are: Referrals Social media Recruitment websites Cold emailing Why should you do student internships? There are many benefits of taking internships: Networking Building hard and soft skills Communication skills Adds value to your CV Career development Conclusion Internships are a great way of building your CV when you have limited work experience. They teach you valuable real-world skills that you can leverage when you finally enter the job market. They can also help you build a good network and scout for jobs. In today's extremely competitive job market, internships prepare you for the rat race. If you want to succeed in your career, you should make the best of your student life and gather all the skills you can. Internships are the best way to do that! TALK TO AN EXPERT

The best insurance policies can protect your child's financial future and provide flexible payouts at set intervals, enabling them to realize their dreams and achieve life milestones. The best child plan for education and marriage is based on a number of factors such as your long-term and short-term goals for your child, their educational dreams, and preferences. Benefits of child plan A child plan policy can not only secure your child's future but also provide the following extra benefits: 1. Benefit Guarantee Unlike some other forms of investments, a child insurance program gives a secured child education plan. A premium exclusion benefit is a common built-in reward found in many education programs. Whether or whether the parent is still living at the time of maturity, this benefit provides to pay a maturity benefit. Thus, you can protect your child's future by choosing a kid's life insurance policy.  2. Dual Benefit A dual plan is the greatest child education insurance option (investment-cum-insurance plan). The creation of a financial foundation, particularly for children, is one aspect, and peace of mind is the other. This user-friendly designed calculator can help you calculate your investments. The link for this calculator is here.  Five of India's best child insurance programs for 2022  Despite the numerous insurance plans on the market, how can you know which one is the best for your child in India? Here, we've included information on a few of the top child insurance policies to guide you in making the best choice.  HDFC Life Youngster Super Premium Plan  Are you trying to find your child the greatest insurance? This is the greatest kid's policy available for both insurance coverage and investing choices. This unit-linked plan may be utilized throughout your child's life, including during their further education years, their marriage, etc. Some benefits include  The ability to modify the plan to meet the specific needs of your child.  The policy used to pay 100% of the upcoming premiums in the event of the life assured's death.  If the parent passes away while the term policy is in effect, 50% of the premiums are levied as annual income.  The "Save-n-Gain" payment is preferred by the parents.  There are four investing funds offered. Ten, fifteen, and twenty years are the lengths of the policy tenure periods.  INVEST NOW ICICI Pro Smart Kid Solution This is a unit-linked plan that offers comprehensive protection to your child for a better future.   Choose an investment strategy as per your child’s evolving requirements.  This plan offers each- protection to your child. Your child will get a lump sum quantum in case of an unfortunate incident during the policy term.  This plan offers two ultra-expensive payment options (regular pay and single pay).  The benefits of fidelity addition and wealth boosters are offered under this plan.  The range of policy period is between 10- 25 times. INVEST NOW LIC New Children Money Back Plan  Your best option may be the LIC New Children Money Back plan because it covers all of the needs of developing children, such as their education and wedding.   The maturity benefit under this plan is equal to the amount assured plus any relevant bonuses.  This plan provides a longevity reward (equal to 20 percent) of the respondents of the base sum assured) after the insured individual reaches a particular age.  LIC offers discounts for paying a large rate.  Under this policy, you may obtain a loan.  The candidate will get a death benefit under this plan.  INVEST NOW Bharti AXA Life Child Advantage Plan Let us just examine some of the components of this proposal.  Depending on the requirements and demands of your child, this non-linked plan offers two payment choices (money return and endowment).  The benefit of a built-in premium waiver is included in the plan.  You can select the insurance term for this plan.  Section 80C of the Income Tax Act applies to the tax benefit.  For this plan, the minimum and maximum ages for enrollment are both 18 years. INVEST NOW Birla Sun Life Vision Star Plan This program offers guaranteed reimbursements to help you pay for your child's education and protect their future even if you are not around. Several traits include  Both death and maturity benefits are included with this plan.  At the time of maturity, the accumulated incentives will be paid.  After five years of the policy's term, regular payouts.  By selecting different additional riders, you can extend your coverage.  After 2 years, if you quit paying your premium, the policy will still be in effect, albeit on a lower Paid-Up basis.  INVEST NOW Conclusion Examine the terms and requirements of each policy before making an investment decision, then pick the best insurance coverage for kids. Make a good investment strategy after that to make sure your child is as secure as possible. Consult an expert advisor to get the right plan TALK TO AN EXPERT

The previous 20 years have seen a primarily rising trend in college expenditures. The cost of living, food, transportation, books, and other school-related expenditures can run into thousands of dollars in addition to the escalating cost of tuition. In this blog, we will talk about college fees and will college costs continue to rise. Why have college prices risen so dramatically over time? Even if they have temporarily steadied, college costs remain out of reach for many students. In 2020, more than half of bachelor's degree graduates from public or private four-year institutions graduated with debt, with an average debt burden of $28,400 (INR 23.2 lakhs), according to the College Board. How did costs increase so significantly? There are several hypotheses, many of which lack consensus among scholars. For instance, it is hotly contested that rising college administration roles and the availability of federal student loans are both important causes. But data doesn’t conclusively show that these factors cause prices to rise significantly. Here are several trends that have probably pushed college tuition prices up over time. Colleges provide more student support services In addition to educating students, colleges now provide a variety of other functions for them. This includes assistance with finding housing, food, transportation, child care, and other necessities, as well as mental health support, which is even increasingly more important as college students deal with the epidemic. In order to guarantee that students graduate on time or achieve their transfer goals, academic advice is also crucial. To staff and operate these services, it is necessary to hire non-faculty people, which results in a rise in college costs. Changes in state and local funding Public institutions require financing from governments and communities in addition to tuition revenues in order to operate. Health and municipal government funding for colleges vary according to the state of the economy and tax receipts. Public institutions are more likely to increase tuition when they get less state and local financing. However, state and municipal financing for institutions is increasing. As of 2020, average public higher education funding increased for eight years in a row, according to the SHEEO report, and 18 states have brought funding up to pre-2008 levels. For today's students, it is fantastic news. However, when we take a closer look at the past, we can see how state and municipal disinvestment in funding for higher education has impacted total college expenditures.  The overall increase in costs for service industries like education Higher education and other services haven't profited from the wider economy's productivity advances, which limit the cost of manufacturing things from rising too quickly. Because of this, institutions now have to charge students extra for the education they provide. Additionally, hiring highly educated academics and administrators now costs more than it used to. Colleges are likely to make investments in the newest technology on campus as well as in other advances that benefit students, such as career counseling, which drives up expenses. The effect of rising Tuition on students and graduates Compared to earlier generations, young people are more affected by student debt. Debt from graduate students makes a disproportionately large contribution. A master's degree is now held by around 13% of the population, which is roughly the same percentage as bachelor's degree holders in 1960. This tendency is attributed by experts to the rising rivalry among job applicants. This financial load has a number of unsettling repercussions that affect the economy of the country as well as the debtors. More than half of home purchasers under the age of 36 claimed that their inability to purchase a home was a result of student loan debt, according to the National Association of Realtors. Today's graduates are also less likely to launch their own enterprises since they avoid taking financial risks due to debt. The pandemic's effect on rising college costs Forbes' sources claim that there is a connection between the coronavirus and college fees. Due to COVID-19, universities lost hundreds of millions of dollars in income. College athletics, campus meals, and housing all saw sudden drops in revenue. According to the University of Wisconsin in Madison, the loss will be $100 million. A $250 million loss is predicted by the University of Arizona. Since the epidemic began, Syracuse University has already lost $35 million. In addition, the University of Michigan pegs losses at anywhere from $400 million and a staggering $1 billion. Due to the enormous income losses that colleges and universities are suffering, analysts predict that tuition increases might accelerate. How should you approach rising college costs? Seeing unending tuition rise and feeling unable to stop it is disheartening. But if you're a knowledgeable buyer, you can make wise decisions to save overspending. You may decide to transfer to a university to finish your degree after two years at a reasonably priced community college or an in-state public college. You can also search for many financial aids which will help you reduce overall college costs. Nothing is more crucial in today's market than obtaining a college education. However, the expense of attending college has been rocketing upward. The best course of action is to prepare in advance. Consult an expert advisor to get the right plan TALK TO AN ADVISOR

Worried you don’t have a good credit history to get an education loan for your children? With the increasing cost of higher education, it has become very difficult for students to pursue further education. Most financial institutions like banks assess a loan application on the basis of creditworthiness. Students don’t usually have a decent credit score making it difficult to get loans for higher education.   For students who are good at academics, this is where merit-based education loans come in. This new type of education loan program evaluates the students' profile and potential based on their academics or merits so that loans could be given on their future earning potential rather than their credit history.  The main purpose of education loans is to ensure that every student who wants to pursue higher education gets the opportunity to study and develop a sound career.   The merit-based education loans are easy to get once your profile qualifies for the loan and are solely given on the basis of a student’s merit and profile. These loans can be obtained digitally. Who is eligible for the merit-based loan program？  The eligibility for merit-based loans solely depends on the student’s academics and merits. To be eligible for these loans, the student must be excellent in their academics and merit. This would be evaluated by their individual profile. The loan would be approved once the academic excellence is established.  Eligibility criteria:   The applicant should be a resident of India who has secured admission to renowned colleges or universities in India and abroad.    The candidate should be within the range of 18 to 35 years at the time of taking the loan.   The applicant must be pursuing a graduate or postgraduate degree and a PG diploma.   He/she must have a confirmed admission in a college/university recognized by UGC/Govt./AICTE etc.   Candidates applying for full-time courses must have a co-applicant who can be the parent/guardian/spouse/parent-in-law (if married).  Which courses are this loan program applicable to?  Undergraduate Degrees and Diplomas (BA, BCom, BE, BEd, BSc, BBA, MBBS, B Tech, LLB.  Postgraduate Degrees and Diplomas (MA, M Com, MSc, M Res, LLM, MFA, M Ed, M Phil, MBA, MD, and others)  Ph.D. courses/Miscellaneous Doctoral Programmes.  Specialized Training Courses.  Furthermore, the lender will determine which courses are qualified for merit-based loans.   How does extending loans based on merit work?  Merit-based loans are given after examining a student's potential via the Employment Predictability Model which is an Artificial intelligence (AI) that examines the merits and academics of a student to test for their soft and hard skills so as to assess the student's employability in the future which will help the AI to decide if your profile is fit for a merit-based loan.  The assessment then predicts the future income of the students.  Then loans are sanctioned on the basis of your future employability score.  What are the documents required to apply for merit-based education loans?   Properly filled Loan Application Form   Letter of admission   Copy of 10th/12th mark sheet or latest education certificate   Statement of cost of study   2 passport-size photographs   PAN card and Aadhaar Card of the student and Parent/ Guardian   Driving License/Voter ID/Passport/Aadhaar Card (Copy of any one)   6 months bank account statement of the student or guarantor or co-borrower/Rental agreement/Ration card/Electricity Bill/Tel Bill/Gas Book (Copy of any one of these)   Income proof   Latest salary slips or Form 16 of the parent/ guardian/ co-borrower    Last 6 months' bank statement or updated bank passbook    Updated 2 years ITR (Income Tax Return with income computation) or Last 2 years IT assessment order of parent/guardian/co-borrower    Statement of the assets and liabilities of the parent/guardian/co-borrower  Is a merit-based loan right for you?  Students who want to pursue higher education & require financial support can apply for the merit-based loan program.   The loan program overlooks your family income and credit score and gives loans solely on the basis of the applicant’s merit.   Students who do not want to bother their parents for finance can seek a merit-based loan program for their higher education.  Top Indian Banks that offer merit-based education loans  State Bank of India  HDFC Bank  Axis Bank  Canara Bank  SBBJ  Union Bank  UCO Bank  Bank of Baroda  Punjab National Bank  Non-Banking Finance Company (NBFC)  Merit-based loan interest rates in 2022 State bank of India6.85% p.a. to 8.65% p.aHDFC Bank 9.55% p.a. - 13.25% p.aCanara Bank 8.75% p.a. to 9.25% p.aUnion Bank of India6.80% p.a. to 10.05% p.aUCO Bank7.30% p.a. to 9.70% p.aBank of Baroda7.60% p.a. to 9.70% p.aPunjab National Bank6.90% p.a. to 9.55% p.aAxis Bank 13.70% p.a. - 15.20% p.a Merit-based loan EMI calculator   It is necessary to be aware of how much money you would have to repay once they acquire the merit-based loan. For this purpose, you can use Edufund to figure out the cost of repayment, how much your monthly payments would be, and how much the total cost of the loan would be. Enter a few loan-related factors such as the loan amount, tenure, interest rate, and processing costs to get an estimate of your equivalent monthly installment (EMI).   Need help finding the best education loans for your child’s higher education? Look no further, click here now to get started! TALK TO AN EXPERT FAQ What are the interest rates?  Various banks have their own interest rates on the loan amount. The interest rate is usually considered the sum of the base rate and markup. The base rate is usually around 8% to 10%. So, the interest rate depends on bank to bank, ranging between 6.85% and 15.20%. The interest rates are also dependent on the loan amount and the college or university in concern.  What are the courses covered under merit-based education loans?  Graduation, Post-graduation/Degree/Diploma courses from renowned colleges or universities approved by UGC/ AICTE/IMC/Govt. etc.  Regular Degree and Diploma courses conducted by leading autonomous educational institutes such as IIM, IIT, etc.  Educational disciplines include Engineering, Management, Medicine, Computer science, Pure Science, Architecture, Agriculture, Hotels and hospitality, Fine arts and design, etc.  Technical and vocational training courses such as aviation, air-hostess, shipping, nursing, teacher training, etc What are the expenses covered by merit-based education loans?  The merit-based loan covers the following expenses:  100% of the payable college tuition fees  Accommodation charges, if any  Books and equipment  Library fees  Examination fees  Traveling expenses for studying abroad, if any  Cost of two-wheeler  Other miscellaneous expenses necessary to ensure completion of the course  What is the loan quantum?  The quantum of merit-based loan are:  Up to Rs.10 lakh for studying in India  Up to Rs.20 lakh for studying abroad What is the time of loan approval?  The approximate time required for the approval of the loan is 15 working days which is calculated right from the receipt date of the application. The receipt is the guarantee that the application is completed in all aspects What is the loan disbursement process?  The merit-based education loan is disbursed either in installments or in full payment keeping in account the number of funds to be disbursed along with the fee schedule as reviewed by the bank directly to the mentioned educational institute What is the education loan tenure?  The loan tenure for a loan of up to Rs.7.5 lakh and more is around 15 years. It is within this loan tenure, that the candidate applying for the loan has to complete all the repayment processes of the loan and so on before the last date What is the education loan repayment duration?  The ideal repayment duration of the merit-based loan is the sum of the course period and 1 year or 6 months after getting a suitable job, whichever is earlier.  Are there any charges levied for late payment of merit-based loan EMIs? In the case of late payment of EMIs, lenders do levy a penalty. Depending on the lender, the penalty that will be levied will vary Will I be able to pre-close the loan? Yes, you can pre-close the loan at any time during the loan tenure Who are the individuals that can be co-applicants in a merit-based loan?  The below-mentioned individuals can be co-applicants:   Grandparents  Parents-in-law  Spouse  Sister  Brother  Parents  Is it possible to increase the tenure of the loan?   In case the course is extended by the university, the tenure of the loan can be increased.

“Sukanya Samriddhi Scheme vs LIC Kanyadan Policy – which one is better” is an important query that needs to be answered so that an investor can invest in the scheme which is more suited and helpful for their girl child.  By assuring the safety of the capital and providing a fixed income, both schemes have managed to gain popularity amongst the masses. What is Sukanya Samriddhi Scheme? The Sukanya Samriddhi Scheme is a small savings scheme that comes under the “Beti Bachao Beti Padhao” scheme. It was launched by the central government to build a secured financial corpus and ensure a bright future for the daughters of India. What is LIC Kanyadan Policy? LIC Kanyadan Policy is a small savings scheme offered by LIC to protect the financial future of a girl child. It is a customized version of the LIC Jeevan Lakshya Policy, where a father can deposit money for the marriage and education of his daughter at a low premium. The policy offers both protection and savings benefits. Sukanya Samriddhi Scheme vs LIC Kanyadan Policy 1. Type of Scheme The Sukanya Samriddhi Scheme comes under the Beti Bachao Beti Padhao Scheme and is purely a small savings scheme launched for the education and marriage of a girl child. The LIC Kanyadan Policy is a modified policy based on the LIC Jeevan Lakshya Policy to financially secure the future of a girl child for later years.  2. Launched By The Sukanya Samriddhi Scheme was launched by the Government of India, whereas LIC Kanyadan Policy was launched by LIC. Both policies are exclusively meant for a girl child.  3. Account Holder The girl child is the account holder of the Sukanya Samriddhi Scheme until her marriage, whereas in the LIC Kanyadan Policy, it is the father who is the account holder and not the daughter as he operates the account in her name.  4. Age Criteria The age criteria of Sukanya Samriddhi Scheme vs LIC Kanyadan Policy are different as the first can be purchased after the birth and before the girl child is 10 years old, and the latter can be purchased when the girl child is at least 1 year old, and the age of her father is between 18 years and 50 years.  5. National Eligibility The Sukanya Samriddhi Scheme is open only to the citizens of India, whereas outsiders have the option of choosing the LIC Kanyadan Policy for their daughters.  6. Premium Limit In the Sukanya Samriddhi Scheme vs LIC Kanyadan Policy, the premium limit for the first scheme is INR 1.5 lakhs for a financial year, whereas there is no limit for the latter scheme.  7. Sum Assured Limit The sum assured in the Sukanya Samriddhi Scheme is limited as it is dependent upon the premium paid, whereas the minimum and maximum limits are INR 1 lakh and no limit, respectively, in LIC Kanyadan Policy. 8. Payment Terms In Sukanya Samriddhi Scheme, the amount should not be more than INR 1.5 lakhs and has to be paid every fiscal year. The payment term of the LIC Kanyadan Policy is 3 years under the policy term.  9. Account Maturity Tenure In the Sukanya Samriddhi Scheme, the girl child can handle the account until she is the age of 21 Years or married after 18 years, whereas in LIC Kanyadan Policy, the account maturity tenure is between 13 years – 25 years.  10. Loan Facility There is not any option for a loan facility in the Sukanya Samriddhi Scheme, whereas in LIC Kanyadan Policy, the policyholder can opt for a loan if the account is active and the premium has been paid for three consecutive years.  11. Compensation Offered (in case of the account holder’s death) No compensation is offered in case the account holder of the Sukanya Samriddhi Scheme dies. In LIC Kanyadan Policy, if the death of the account holder is natural then the girl child is eligible for immediate payment of INR 5 lakhs, and in case of accidental death, immediate payment of INR 10 lakhs. If the death is suicidal within 12 months of the policy purchase then 80% of the premium amount is paid by the LIC corporation, along with the surrender value and the tax amount.  Conclusion By now, you must have got a clear idea about which one amongst the Sukanya Samriddhi Scheme vs LIC Kanyadan Policy will suit the personal needs of your child. Remember, both schemes provide financial assistance to low- and high-income group parents who want to fulfill their dream of educating or simply marrying their girl child. So, consider their differences well and choose the one you find most beneficial.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Is your child about to finish 12th this year? The question that which is the best bachelor's degree in India may have crossed your mind a dozen times.   India’s educational landscape has involved the years with thousands of esteemed universities and colleges for your kid to choose from. Let’s look at some of the best bachelor's degrees in India that your child should consider!    Based on the field of study, bachelor's degrees can take three to five years to complete in India. For instance, bachelor's degrees in the arts, business, communications, and sciences normally take three years to finish, whereas those in engineering, pharmaceutical science, and technology take four years to complete, and those in architecture, medicine, or surgery take five years.   Different programs, institutions, and applicants will have different tuition costs. Depending on financial needs or academic accomplishments, scholarships may be offered to help with costs. If you believe that enrolling in a bachelor's program in India could be the next step in realizing your kid’s career objectives, continue reading to learn more about the fantastic bachelor's options offered by Indian colleges and other educational institutions Popular bachelor's degrees in India 1. MBA/BBA Management in an organization or corporation is a term used to describe a person who plans and organizes the work of personnel. So, unless you are the type of individual who enjoys or believes that they can properly plan, organize, choose staff, lead or direct, and control an organization to achieve different objectives, management classes can give you guidance to achieve various objectives by making efficient and effective use of human and financial resources.   The top colleges for studying BBA are   Loyola College   Delhi University   University of Mumbai  Christ University  Amity University  2. Engineering Engineering is the use of mathematics, empirical data, and scientific, economic, social, and practical knowledge to design, develop, maintain, research, and enhance organizations, machines, tools, systems, components, materials, processes, and systems. Many scientific students choose it as one of their top programs after completing their 12th-grade education since it leads to the highest-paying job in the world.  The best college for studying engineering in India are:   IITs  NITs  VIT Vellore  Jadavpur University  Anna University   3. Computer Application Computers are becoming an essential component of education as well as the young (student) generation's lifeblood. Computer systems are getting more and more accessible, and the information technology sector is increasing and rising along with it. The term "system software" refers to computer software that is created to carry out a number of synchronized tasks and operations for the consumer. In order to understand how to use the technology, computer application students mostly study those software packages.  The best college for studying computer applications are:   NITs  Birla Institute of Technology   Christ University  Jawaharlal Nehru University   Delhi University 4. Hotel Management  Always questioned how similar opulent hospices, resorts, and elegant outfits operate and coordinate similar massive structures without a hitch. hostel operation is the operation of the hospitality assiduity's service division with an emphasis on meeting the conditions of its guests. The hostel's general director is the top superintendent in charge of running that hostel or a connected business. Being the director of a voyaging boat would also give you the chance to sail.  The best colleges for studying hotel management are:   Institute of Hotel Management, Lucknow  Heritage Institute of Hotel and Tourism   KR Mangalam University  Amity University  5. Fine Arts Fine Trades Fine art is distinguished from applied art by being created purely for aesthetics or beauty rather than having to have some practical purpose. Fine art generally consists of imaginative graphic displays that are valued for their aesthetic, intellectual, or imaginative rates. Fine trades include effects like oil, form, armature, music, poetry, photography, film, videotape products, theatre, and cotillion. This field is for you if one or further of these formats allows you to express your feelings more effectively or inspires or fascinates you.   Here are the best colleges for studying fine arts in India:   Jamia Millia Islamia  Sir J J Institute of Applied Arts  Government College of Fine Arts  Aligarh Muslim University  College of Art, Delhi  6. Nursing Nursing, which is described as the profession of minding for cases, families, and societies so that they can heal from illness, is further than just a job. The foundation of the health sector, nurses are essential to the smooth operation of the entire assiduity. The need for healthcare is global, so the range of nursing is veritably broad. As a nurse, you will have the capability to help individuals in a variety of ways, from minding for new maters to offering advice to cases who are meaning self-murder. One of the stylish nursing seminaries in India is RAK College of Nursing in Delhi and CMC Vellore College of Nursing. In recent times, India has come the country that exports the most largely good nurses.  Here are some of the best colleges for nursing:   AIIMS, Delhi  Armed Forces Medical College  King George's Medical University  Madras Medical College  Dayanand Medical College & Hospital With the cost of education increasing every year by 5-6% across the globe, the need to start planning your child’s higher education is unavoidable!   Universities and the education world are no strangers to inflation. In fact, the educational sector has witnessed an unprecedented increase in tuition fees and living expenses. To ensure your child’s dreams are not crushed under the weight of inflation, you need to start planning and saving for their future right here!   Consult an expert advisor to get the right plan TALK TO AN EXPERT

Are you worried about your children’s higher education? Read this article to find the best bachelor’s degree for your kid.  You might know a lot of good options but don’t know which one to opt for. Bachelor in Business and Management  A bachelor's degree in business and management is the best choice if you see an entrepreneur or businessperson when you look in the mirror.  There are up to 11,000 study possibilities in the broad area of business and management. It makes sense that this is one of the most sought-after Bachelor's disciplines given the wide range of options available.  Business administration, marketing, finance, and accounting are some of the most popular areas of study within this field, and after earning your degree, you can find work as a manager, market researcher, accountant, tax consultant, and financial inspector, among other positions. Bachelor in Electrical Engineering  It is not surprising that we include two specialties in engineering on our list given that engineering is a complicated profession that encompasses everything related to invention, design, construction, maintenance, and research.   Your ability to work with just about any system that uses electrical energy, including gadgets and digital devices, will be enhanced by studies in electrical engineering. And let's face it, who wouldn't want a degree that essentially exhorts them to never try looking up from their phones again?  It is possible to work as an aerospace engineer, broadcast engineer, network engineer, and of course as an electrical and electronics engineer in the telecommunications, media, aerospace, and broadcasting industries by pursuing higher studies in electrical engineering. Bachelor in Civil Engineering and Construction  Given that cities have developed into crowded population centers, civil engineering and construction are more important than ever. With this type of Bachelor's degree, you might work as a sustainable counselor, design engineer, or even as a consulting and contracting civil engineer. Bachelor in Computer Science and IT  Considering that practically every sector uses or is touched by digital technologies, we assume you are not shocked to see computer science and IT on our list. While IT focuses on developing networks & databases and maintaining computer systems, computer science is more concerned with programming & software.  Once you graduate from college, you should consider careers as a data analyst, IT consultant, technical support specialist, systems developer, or game developer. Bachelors in Medicine  Doctors always are going to be needed. And when we started this, I don't believe we completely blew anyone's mind. With our 6,000 programs, we can demonstrate that medicine will always be in style.  A Bachelor's in Medicine takes your dedication for at minimum 5–6 years, but it is worth it in the long run. Along with private hospitals and clinics, the government will provide you with employment opportunities. You should be aware that, in addition to human medicine, physiotherapy and nutrition & dietetics are two fields that are becoming more and more enticing.  The rising obesity prevalence in the population and the escalating posture issues among office workers are directly related to the rising demand for nutritionists and physiotherapists.  Kids, don't forget to exercise. Just refrain Bachelors in Architecture  Another discipline that takes time and commitment but pays off when you finish and enter the employment market is architecture.   Developers of real estate and local governments are always in need of architects, interior designers, and urban planners. And the study selection (which includes over 60,000 Bachelor's programs) reflects this.  Bachelors in Design  A subject with over 2,500 specialized programs, including Graphic Design and Interior Design, goes by the umbrella title of "design." A designer degree is certain to fulfill you, regardless of the program you select. Jobs in design are imaginative and well-paid. The majority of students choose to study design in nations like Spain, Denmark, and Italy.  Bachelor in International Relations  We may say if there is one field of social sciences that is rising in popularity, it is international relations, which offers more than 1,200 Bachelor's programs.  This is due to the fact that the field combines elements of political science, economics, and diplomacy. You can work as a public research officer, public affairs consultant, diplomat, or public relations specialist with knowledge and experience in these fields. Australia, the United States, and Switzerland are the best countries to pursue a bachelor's degree.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

Dozens of colleges, universities, and institutions have hundreds of scholarships. The criteria for winning the scholarship differ; some are need-based and merit-based, some are for specific communities, and some are for specific courses. Need-based scholarships for students  1. Fullbright-Nehru Master's Fellowships It’s given to students who are extraordinary to further study in master in the US universities.  Type of scholarship: merit-based  Total expenses covered: tuition cost, J-1 visa support, living expenses, transportation allowance, health or emergency help.  Eligibility criteria: a master's degree from a well-known Indian institution.  Time period: one to two years 2. Fulbright-Kalam Climate Fellowship  It's given to students who are doing research related to climate change in India and the USA.  Total expenses covered: a monthly allowance, j-1 visa support, round trip economy class flight allowance, and health/emergency help.  Eligibility criteria: this is given to students who are registered as Ph.D. students in Indian colleges and affiliated with the U host association. The Ph.D. thesis submission should not be before than 3 months earlier than the given date. Required copies of articles published or presented should be there given.   Time period: one to two years 3. National Overseas scholarship scheme by the Indian Government  It’s given to those students who uplift economic and students with low family income of SC, Denotified nomadic and semi-nomadic tribes, landless agricultural laborers, and traditional artisans who are in need of higher education.  Type of scholarships: Student-centric  Total expenses covered: Tuition fees, cost of books, air allowance, living expenses, health/emergency expenses, and visa fees.  Eligibility: Comes from SC, denotified nomadic and semi-nomadic, landless agricultural laborer and traditional artisans  Scored: at least 55% marks in UG or 55% in PG   Below 35 years  Combined family income less than 6 lakh.  Not having more than one sibling who got the same scholarship.  4. Great Wall program  The Chinese Ministry of Education provides learners and intellectuals from poor nations who want to study and support research in China the completely financed Great Wall Program Scholarship. The program offers support to both junior and senior research fellows. If the program being considered is offered in Chinese, the individual's competence in the language will be assessed.  Total expenses covered: tuition fees, monthly stipend, health insurance, and accommodation.  Eligibility: less than 45 years and having a bachelor’s or master's degree.   Time period: 1 year  5. GREAT Education Scholarships  Type of scholarship: merit-based and chosen college. Amount covered: £10,000 (Rs 9,41,648.52) for one year.  Eligibility: student has to be an Indian resident and has got admission to a selected college in the UK.  Time period: one year  6. Scotland’s Saltire scholarships  Type: merit-based  Expenses covered: £8000 (Rs753318.81), towards tuition fees  Eligibility: Indian residents, admission to selected universities in Scotland, also need to prove they can afford the remaining tuition fees.  Time: one year  7. The JN Tata Endowment  A partial fund of between INR 1-10 lakh to Indian candidates of masters, doctoral, postdoctoral, or research studies abroad.   Type: Rs 1- 10 lakh  Eligibility: It’s the most popular loan for students. Students applying for it should be an Indian resident. Students in their final year can also apply for this scholarship.  FAQ Which scholarship is best for Indian students?  These are some scholarships that are provided to students:  Oxford and Cambridge Society of India scholarships.  QS undergraduate scholarship  Cornell university TATA scholarship etc. Which country provides free scholarships to Indian students?  Germany offers to finance for all higher education programs, regardless of country, making it one of the best free college education nations for Indian students and their foreign colleagues.  Can poor Indian students study abroad?  Scholarships are among the keys to achieving your ambition of studying abroad if you're struggling financially. There are A lot of scholarships available, so regardless of your major, history, final destination, or financial circumstances, there is one with your name on it.  Which country is the cheapest for Indians to study in?  Norway has long been well-known for its high-quality, cost-free education system. Now that everyone, regardless of nationality, is entitled to free education at public universities, it can be regarded as the least expensive country for an Indian student.  Consult an expert advisor to get the right plan TALK TO AN EXPERT

CA, or chartered accountancy, is one of the most popular study courses chosen by students in India. Knowing “What are the total fees to become CA” is vital so that individuals can save and be prepared for it without any financial worries.  Students opting for CA exams have to pass three levels: CA Foundation (previously known as CPT), CA Intermediate, and CA Finals. Students have to focus also on practical training for three years under an authorized CA firm. This training starts after clearing the second level CA Intermediate and is generally completed before the CA Finals. Fees of CA foundation Overview of the total fees structure for CA Foundation, Intermediate, and Finals CA Course FeesCA FoundationCA IntermediateCA FinalsRegistration FeesIndian student -INR 9,000, Foreign student- $700Indian student – INR 11,000 for a single group and INR 15,000 for both groups. Foreign student -$600 for a single group and $1000 for both groupsIndian student – INR 22,000 Foreign student - $1000Examination FeesIndian student – INR 1500, Foreign student - $325Indian student – INR 1500 for single group and INR 2700 for both groups. Foreign student - $325 for a single group and $500 for both groupsIndian student - NR 1800 for single group and INR 3500 for both groups.Foreign student - $550 for both groupsLate FeesIndian student –INR 600Foreign student - $10Indian student – INR 600Foreign student - $10Indian student – INR 600Foreign student - $10 Registration fees Students aspiring to become CA have to clear the first-level CA Foundation to get entry into the study course. The registration forms are available twice a year, generally for May/June and November/December sessions.  The total fee for the CA Foundation exam for Indian Students is INR 10,900 and $ 1065 (nearly INR 87,145) for foreign students. The Break-up of the fee structure is as follows CA registration fees - INR 9,000 for Indian students and $700 (nearly INR 57,456) for international students. Journal membership fees (optional) - INR 200 for Indian students and $20 (nearly INR 1641) for international students. Examination fees - INR 1,500 for Indian students and $325 (nearly INR 26,676) for international students. Online form fees - INR 200 for Indian students and $20 (nearly INR 1,641) for international students. 1. Application/Examination fees For a centre in India - INR 1500. If the centre is Kathmandu – INR 2200. For centres in Abu Dhabi, Doha, Dubai or Muscat – 325 USD (nearly INR 26,676). 2. Late Fees  Students have to pay INR 600 for centres in India and 10 USD (nearly INR 820) for overseas centres as late fees.  3. Reappearing Exams The validity for registration fees is three years, and after this period, the students have to pay INR 500 for revalidation. Students who fail to clear the CA Foundation have to pay the application fees repeatedly before a new attempt.  Fees structure for CA Intermediate Students have two options for registration at CA Intermediate level. The first is by clearing CA Foundation and registering for the Intermediate course. The second is a direct entry where graduates, post-graduates or students at the Intermediate level of CFA or CS courses are exempted from the Foundation level and can directly register for the Intermediate exams.  1. Registration Fees The registration fees for a single group and both groups of the CA Intermediate course for Indian Students are INR 11,000 and INR 15,000, respectively. For international students, the fees for single and both groups of CA Intermediate exams are $600 (nearly INR 49,248 ) and $1000 (nearly INR 82,080), respectively.  Indian students opting for direct entry have to pay INR 15,000 for both groups.  2. Application/Examination Fees The fees for Indian students are INR 2,700 for both groups and INR 1,500 for one group. Fees for overseas students are $500 (nearly INR 41,040) for both groups and $325 (nearly INR 26,676) for a single group.  3. Late Fees Students have to pay INR 600 for centres in India and Kathmandu and 10 USD (nearly INR 820) for other overseas centres as late fees.  4. Reappearing Exams The registration fees are validated for 4 years, after which the student has to pay INR 400 for revalidation.  5. Additional fees Student activity (conferences, seminars, workshops etc.) – INR 2,000. ICITSS Fees – INR 13,500 6. Articleship Fees At the start of practical training, students have to pay INR 2000 as articles fees along with INR 500 for the assessment test.  Fees structure for CA Finals 1. Registration Fees CA Final registration fees for both groups is INR 22,000 for Indian students and $1000 (nearly INR 82,080) for overseas students.  2. Application/Examination Fees The application/examination fees for Indian students are INR 3,500 for both groups and INR 1,800 for one group, and for overseas students, it is $550 (nearly INR 45,144) for both groups.  3. AICITSS Training  AICITSS Training is conducted in two parts, where students have to pay INR 7,000 and INR 7,500 for information technology and soft skills, respectively.  CA Fees Structure Summarised Reducing the price in half. The Institute of Chartered Accountants of India must receive the first contribution, which is required, and the second portion, which is elective, is the coaching class charge.  Foundation fees is around 11,000 thousand.  Intermediate course fees are around 35,000 thousand.  Final fees are around 33,000 thousand  The total would be 78,000 thousand.  With Article ship stipend = 54000  So Rs 78,000 – Rs 54000 = rs. 24000  Thus, after adjusting for all the sums, the required contribution equals about Rs. 24000. It is also crucial to note that the ICAI enhanced this sum as a result of revisions to the syllabus at all levels. The price was previously even low!  How to save for CA?  Investing in mutual funds or SIP is one of the best ways to save for an education course like CA. You could opt to save through the goal-based saving feature on the Edufund App, as it will help achieve the desired target for, say, application fees in the near six months. Assess how much the total course will cost you and choose a suitable saving plan to achieve your goal.  Conclusion  The high salary of a CA and the growing demand for CAs have prompted students to choose this study course as their career. As you are now aware of the total fees to become CA, it will become easier to save for this course and ultimately become a part of the CA fraternity. Consult an expert advisor to get the right plan TALK TO AN EXPERT

GRE and GMAT are considered two of the many pathways to study at top colleges and universities across the globe.  Students clearing the Graduate Record Examination (GRE) with a good score (we will discuss this later in this article) become eligible for admission to graduate study programs. On the other hand, the Graduate Management Admission Test (GMAT) is an undisputed road toward admission to top MBA programs all over the globe. Students often find themselves at a crossroads when choosing which exam to prepare for. Start Investing in Mutual Funds GRE vs GMAT: What are the Exam sections? Verbal Quantitative aptitude (including integrated reasoning in GMAT) Analytical writing Let us compare between GRE and GMAT in a summarized table below Basis of DistinctionGREGMATBody of governanceEducation testing servicesGraduate management admission councilExam duration3.75 hours3.5 hoursTest structure60 minutes: Analytical writing section. 2 essays with 30 mins each.2 sections of 30 minutes (20 questions) each for verbal reasoning.2 sections of 35 minutes (20 questions) each for quantitative reasoning.1 experimental section (30 - 35 minutes) each verbal or quant.30 minutes: Analytical writing section.30 minutes: 1 section for integrated reasoning (12 sections).Quantitative section: 62 minutes (31 questions).Verbal section: 65 minutes ( 36 questions) Cost of exam$205$250Validity of scores5 years5 years Composition of the sections 1. Analytical writing section The GRE Analytical section has two essays, one needs an analysis of an issue, and the other one requires an analysis of an argument. The GMAT Analytical section has one essay requiring critical analysis of an argument. 2. Verbal section The GRE verbal section has questions of three types, namely, reading comprehension, test completion, and sentence equivalence. Reading comprehension requires questions to be answered based on given passages, text completion is synonymous with fill-in-the-blanks, and the sentence equivalence parts have questions having sentences with one blank. The examinee has to choose two options (from six) that fit the sentence similarly. GMAT verbal section consists of questions on reading comprehension, critical reading of passages, and sentence correction questions. The questions test the student's understanding, reasoning, critical analysis, and grammar skills. 3. Quantitative section The GRE quantitative reasoning section comprises questions from topics like algebra, geometry, numbers, and data interpretation. Question types include numeric value entry questions, MCQs, and comparison questions. This section of the GMAT exam has questions on problem-solving and data sufficiency. In addition, integrated reasoning includes questions on data interpretation involving graphs, charts, and tables. Which exam is easier? A significant query in the test-taker's mind is the difficulty of the two exams. No exact answer to this because both these are aptitude exams – to test various capabilities of a student on a subjective basis. On average, the GMAT has a more challenging Quantitative section, whereas the verbal section in the GRE is a challenging game because of the need for a vast vocabulary and two types of essay Who should take the exam? GRE is for students of almost all backgrounds looking to study a masters-level program or a Ph.D. program from some of the best universities in the world – it is a trendy exam among STEM students and economics students. GMAT is the go-to exam for students with the big B-School dream as almost all top business schools have this exam mandatory under normal circumstances. Difference between GMAT and GRE:  GMAT:  MCQs math questions  Accepted by most graduate business programs  Test is online at a test center  $250 fees (approx. Rs 21,000 in India)  3 hours a long test.  Scores good for 5 years   4 sections in the syllabus  GRE:  MCQs math questions  Accepted by most graduate programs  Online test  $205 fees (approx. Rs 17,000 in India)  3 hours 45 minutes long test  Score well for 5 years  3 sections in the syllabus  Should you take the GMAT or the GRE?  It's customary for business schools to take GRE results as part of their admissions criteria, despite the fact that the overwhelming majority of applicants to business schools opt to take the GMAT rather than the GRE. This implies that you can select the test that best demonstrates your academic strengths. Here are a few things to think about as you decide what is best for you.  Academic objectives: The GRE is accepted in a wider range of degree programs, so if you're thinking about different graduate schools or just want to keep your options open, you should consider taking it. Taking the GMAT will show your dedication if you're confident you want to attend business school, taking the GMAT will show your dedication.   School: Many colleges accept either score, but it's a good idea to double-check the admissions requirements in advance. Ask an admissions counselor if they have a choice between the two exams if at all possible.  Academic talents: The GMAT may provide a better opportunity to showcase your skills if your arithmetic abilities seem to be better than your verbal abilities. If you're a good writer, think about taking the GRE. For non-native English speakers, the GRE might occasionally be more difficult due to the vocabulary required.  Testing method: The GRE format enables you to jump around and review your responses if you choose. This could boost the confidence of some test-takers.  Performance on practice exams: Taking a practice test for each examination is one technique to figure out which one you're best suited for. Take them individually under conditions that are as real-world as possible. You'll have a better notion of that which you feel more often at ease with when you take and grade your examinations.   Score reporting: If you sit the GRE more than once, you have the option of sending different scores to different schools. Schools receive all of your GMAT results. Many programmers just take the highest score into account.  Career aspirations: Some employers, especially investment and business consulting businesses, need GMAT scores as a part of the hiring process. Do your homework on these needs in advance if you have particular target employers in mind. You might avoid having to take the GMAT throughout your job hunt if you take it before applying to business school.  FAQs Which is easier GMAT or GRE? According to experts, the GMAT's quantitative problems are typically more challenging than the GRE's. Thus, Dan Edmonds, a test-prep tutor with Ivy Wise, noted in an email, "Students with higher math skills may prefer taking the GMAT in order to exhibit those talents. Which is more valuable GRE or GMAT? Clearly said, the GMAT is a more trustworthy test for determining an MBA applicant's likelihood of academic achievement, so the admissions process will value your GMAT scores much more than your GRE scores. Do colleges prefer the GMAT or GRE? For MBA applications, almost 90% of business schools accept GRE results. You will only be at a loss if the business school explicitly declares that it favors the GMAT over the GRE if you take the GRE for MBA admission. Nevertheless, the GMAT still retains an edge over the GRE for MBA admissions. Is GMAT or GRE better for an MBA? The GRE is an exam that students may take to obtain admission to graduate programmers across practically all subjects, such as the MBA, while the GMAT is a test that is exclusively created for applicants to business schools. The GMAT has typically been given preference over the GRE.

What is financial planning? Financial planning refers to acquiring information about your financial needs and then making a comprehensive plan to reach your financial goals with as much certainty as possible.   Financial planning considers the following factors: your current financial situation, what you wish to do with the money you will acquire, and how you are willing to invest your money to achieve your goal.   Thus, to define it in a sentence, we can say that financial planning is a means to achieve your future goals through proper development and implementation in accordance with some general guidelines.  Financial planning includes applying globally accepted management principles like planning, directing, organizing, and procurement of funds to invest and generate the maximum possible returns.   It helps you prioritize your investment decisions based on the urgency of your goals. People have both short-term and long-term goals.   For example, a short-term goal like buying a car in two years requires a much different planning approach than a long-term goal like buying a house in 10 years.   Both these aims have entirely different capital, returns, and financing requirements.  We can say that financial planning will lead to asset management and not the other way around. Once a plan is laid out, the implementation requires proper management of the available assets to generate maximum returns to fulfill your goals. Source: pexels Importance of financial planning  A significant advantage of a financial plan is that it helps you build financial security for yourself and your family as well can grow your assets and prepare for financial emergencies.   It helps you fulfill your dreams. Some reasons why you should consider building a financial plan:  1. Give a perspective on your financial goals Once you have a clear goal in mind, you will be able to employ financial literacy in a well-defined direction to achieve your goals.   With a plan, you also employ popular money-management techniques like the 50/30/20 rule (See here: Tips to follow for 50/30/20 Money Management Rule) and the (15-15-15 rule of investing), according to your needs.  2. Income management Through financial planning, you can prioritize monitoring a fixed budget for your expenses and moving towards investing a chunk of your income.  3. Growth of assets The ultimate purpose of a financial plan is to increase your asset base. By investing intelligently (with proper diversification and allocation), you will earn high returns and preserve your wealth, thus extending your investments and increasing your net worth.  Start your financial planning journey now so that you don't miss your goals by the margin.  Steps to follow when creating a financial plan 1. Create an emergency fund The first and foremost step towards saving is to create an emergency fund so that you do not want to disturb your financial routine if any emergency arises. There are many formulas to create an emergency fund. One way is to create an emergency fund for six months of your expenses. So, in situations like job loss, your emergency fund can take care of your expenses until you find another job. You can park your emergency fund in liquid funds to maintain liquidity.  2. Make a monthly budget Making a monthly budget will help you save money better, as you will be able to identify and analyze your income and expenses better. In this step, identify all your income first and then expenses, where you spend most of your money. Making a monthly budget will assist you in segregating income and expenses into different categories. To create a proper budget, you can follow the 50-30-20 rule. It says that 50% of your income should go towards your needs, 30% toward wants, and 20% for saving and investing. By following this rule, you can manage your monthly budget.  3. Spend wisely Spending wisely is as critical as making a budget. After making a budget, you can evaluate where to cut down your unnecessary expenses. And where you do not need to spend your hard-earned money. For example, you may have bought a monthly subscription to some adventure park, but you may not be utilizing it. So, you can cancel your subscription and save a lot of bucks. Also, don’t make quick decisions in buying things. Evaluate its cost and usage, then make a thoughtful decision. If you spend wisely, you can make a huge difference in future savings.  4. Set goals The next step is to set your short-term and long-term goals. Categorize your short-term and long-term goals based on their priority. And start saving for them. For example, sending your child for higher education after ten years is an example of a long-term goal, but paying for the school fees in the next 11 months is an example of a short-term goal. Identifying and prioritizing your goals is very crucial. Some parents could have a short-term goal to pay for a child’s higher education. So, it is essential to prioritize your goals based on time availability to achieve them.   5. Create a savings plan After deciding on your goals, create a savings plan for each goal. Try to save a fixed amount for each specific goal. Evaluate the cost of your goals; save and invest some money to quickly achieve your target. For example, if you want to send your child for higher education in the future, and the cost of IIM Ahmedabad in 2030 may cost Rs 60 lakhs, to save Rs 60 lakhs in the next eight years, you need to save and invest Rs 34000 every month in such asset class which can generate 14% annualized returns over the period. So, creating a savings plan for each of your targets is vital, such that you know how much you need to save and for how long. Before investing your money in any of the asset classes, please do thorough research on it.  6. Review the plan After creating the savings plan, try to review the same yearly and see whether the savings and investment are on track. If they are not aligned with your goals, review your savings plan and make the changes accordingly. FAQs What is the meaning of financial planning? Financial planning refers to acquiring information about your financial needs and then making a comprehensive plan to reach your financial goals with as much certainty as possible.   What is financial planning and why? Financial planning is a means to achieve your future goals through proper development and implementation in accordance with some general guidelines.  What are financial planning and its types? Financial planning is a means to achieve your future goals through proper development and implementation in accordance with some general guidelines.  There are three types of financial planning - cash flow planning, investment, and insurance planning. What are the steps in the financial planning process? Here are the steps in the financial planning process: Give a perspective on your financial goals Income management Growth of assets What is the main benefit of financial planning? The main benefit of financial planning is the ability to meet your short-term and long-term goals while building wealth for your future retirement. A good financial plan helps you achieve your goals with ease and gives you financial stability for the future. TALK TO AN EXPERT