NITIE Students Launch ROI Calculator for MBA Aspirants

NITIE Students Launch ROI Calculator for MBA Aspirants

Team IMPACT, a student-driven community at NITIE, launched an ROI Calculator on their website www.life.nitie.net on the 3rd of September. The ROI calculator is expected to provide the aspirants with a clear assessment of the feasibility of an MBA program in course of their career.

Return on Investment (ROI) is an essential criterion to judge the effectiveness of a program. The calculator does not take into account non-tangibles like value addition. Nevertheless, returns are always proportional to the knowledge base and smartness of a manager, which spring from the rigors of an MBA program.

The tool takes into account aspects like tuition fees, annualized personal/incidental expenses of the person, opportunity costs, and expected hike in salary after a job from MBA. The ROI is calculated for a period of one to ten years by extrapolating current ROI and considering premium investment with a ten percent interest rate.

"The ROI calculator helps people assess and compare two different career lines or, for that matter, two different programs, which is something that people find hard to do," says Dinesh S, a student at NITIE.

Team IMPACT, which had been conceptualized keeping in mind the interests of the MBA aspirants, hopes that by the aid of this calculator, the aspirants will be better positioned to take a call on whether they should go ahead with the MBA program.

Concluded.

Contributed by -
Rohan Paul,
Student Media Cell - IMpress,
NITIE Business School, Mumbai.

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