In India, an MBA from IIM or an equivalent non-IIM institute is usually regarded as the golden ticket to a bright career. But building a successful career requires a big investment. The cost of studying in an IIM for an MBA can range from ₹18 to ₹30 lakhs, or even more. This is where many students hold back their dreams, as they cannot afford such an expensive education.
Scholarship for IIM students in India come to the rescue in this case. SAET Agency, India’s trusted agency for conducting scholarship exams, initiated the MSAT Secondary scholarship program in 2015 to assist MBA aspirants in getting admission in IIMs and government-recognized non-IIMs.
This program, since its inception, has been impactful in changing the lives of students. It recognizes the potential of students and helps them achieve their management dreams through varying levels of scholarships based on merit.
Benefits of studying at IIM
IIMs are the most prestigious business institutes of India. They are known for their strict selection process, up-to-date curriculum, world-class faculty, and brilliant placement records. Getting admission to an IIM can be a game-changer for a student’s academic life.
It is common for a graduate of IIM to receive a job offer with a salary package of more than ₹20–30 LPA. This is not all. IIM students also get international placements.
How to pay the high fees of IIM?
The college fees of an IIM range between ₹18 to ₹30 lakhs. This is only the tuition fee. You must also add the cost of accommodation, food, purchasing books and other study resources, and other living expenses.
Many students take hefty education loans to pay the fees. Well, this can be a good option, but it can give you sleepless nights, as you must pay the interest on the loan every month, and also think of how to repay the loan. You study while in debt, which in itself is a stressful situation.
Instead of taking education loans or, worse, dropping your dream of studying at IIM, why not give just one exam and secure a scholarship?
What is MSAT Secondary?
MSAT (Management Scholarship Aptitude Test) Secondary is an exclusive scholarship for IIM students in India. The scholarship covers complete or partial college fees for the student, depending on their exam score.
This is a purely merit-based exam that enables students to pursue academic excellence without worrying about fees. The exam gives equal opportunity to all students irrespective of their financial background.
Even if a student scores moderately in the exam, he or she will still get a laptop as basic assistance. Moreover, the experts help the student get admission, if not in IIM, then in India’s topmost government-approved non-IIM, which is equivalent to IIM in faculty and environment.
Here are the top reasons why you must choose MSAT Secondary
l The scholarship is exclusively for MBA aspirants, especially those eyeing admission to IIM. This is not a generic scholarship.
l Scholarship is awarded strictly on the basis of exam score.
l Students scoring 90% and above can easily avail themselves of a 100% scholarship, which means their entire course fees get covered.
l MSAT Secondary is a national-level online exam open to students from rural and remote areas, rurban areas, small cities, and metropolitan cities.
l In addition to financial assistance, MSAT Secondary offers exam-related guidance, and once a student qualifies for the exam, the experts provide career counseling and assistance in choosing an IIM or any other B-school.
l Several top-notch recognized colleges acknowledge the MSAT Secondary scholarship for IIM students in India. They have partnered with the MSAT Secondary platform to provide students with an opportunity to acquire an excellent education.
Thus, MSAT Secondary is no less than a boon for students who have high dreams but a low budget to study at IIM or an equivalent institute.
