Here is what the 10 most popular professions typically cost at a University

Sep 10, 2018 | 3 months ago | Read Time: 4 minutes | By iKnowledge Team

Education is the basic requirement that a child has, and a proper child plan will ensure your child gets the course and institution of his choice.

While saving for your child’s education, it is essential to make a child education plan based on the costs of courses in the country. There are many child future plans available which ensure a corpus is built for education costs.

In today’s times, several different courses are being offered by educational institutions in India. But, some of the popular courses still see an overwhelming number of students join every year.

Here are what the 10 most popular professions typically cost at universities in India.

1.Engineering:

Engineering is the most popular degree in India. Colleges offer a large variety of engineering options. Apart from the common ones, in aeronautics, mechanical, chemical, civil, and electrical, colleges offer courses in textiles, oil and gas exploration, petrochemicals, and dairy technology. Depending on the subject chosen, the cost can range anywhere between Rs. 1,500 per year, in some state-run Government colleges, to Rs. 2 lakhs per year. The average cost per year of engineering in most colleges is around Rs. 1.5 lakhs. The cost in IITs ranges between Rs. 70,000 to Rs. 2 lakhs per year. An engineering degree at Amity University costs around Rs. 4.7 lakhs per year, and one at Manipal University at Rs. 3.7 lakhs per year are some of the costliest Engineering colleges in India.

2.Medical Sciences:

Medical degrees include not only MBBS but also allied medicine, such as dentistry, Ayurveda, homeopathy, paramedical sciences. These encompass a wide range of topics and specializations. The cost for this starts from Rs. 1,000 per year, in AIIMS, Raipur, and go up to Rs. 40 lakhs per year for a degree in Manipal University. On an average, expect to pay Rs. 50,000 to Rs. 60,000 in Government run colleges, and anywhere from Rs. 2 lakhs to Rs. 20-30 lakhs in private medical colleges. Fees for reservation seats are even more.

universities in India

3.MBA:

Management degrees are fast gaining popularity as degrees that give good jobs to graduates. The postgraduate degree offers a range of subjects such as finance, marketing, human resource management, international business management among others. The fees for management colleges ranges from Rs. 40,000 per year for colleges like Jamnalal Bajaj Institute in Mumbai, to around Rs. 30 lakhs per year for an institute like the Indian School of Business, Hyderabad. On an average, expect to pay Rs. Five lakhs per year, depending on the University.

4. Law:

Many students also opt for law in India. There are different branches of law, for example, fiscal laws, corporate laws, securities market laws, banking laws, insurance laws, civil laws, criminal laws, labour laws, economic laws among others. Law school courses cost anywhere between Rs. 10,000 per year to Rs. 5.6 lakhs per year in Jindal Global Law School. On an average, be prepared to pay around Rs. 1.5 lakhs a year for a National Law University education. For education in local institutions, be prepared to pay around Rs. 20,000-Rs. 30,000 per year.

5. Commerce, Accounts, Finance and Investment:

This includes courses such as B.Com and other upcoming courses such as Bachelors of Commerce (Accounts & Finance) (BAF), Bachelors of Commerce (Banking and Insurance) (BBI). These graduate degrees are some of the most reasonable courses available, with education from quality institutions costing around Rs. 10,000 to Rs. 30,000 per year. However, education at institutions for these courses can also cost in the upwards of Rs. 1.25 lakh per year. On an average, B.Com costs Rs. 15,000 per year. BAF costs between Rs. 10,000 per year to Rs. 3,00,000 per year. BBI costs between Rs. 10,000 to Rs. 5,00,000 per year. On an average, these two courses can cost Rs. 50,000 per year.

Universities in India

6. Hotel Management:

The rapid growth of the hotel management industry in India has spawned an enormous interest in this course. There is a lot of growth upside in this course and the different fields offered under it. Hotel Management fees can range from Rs. 67,000 per year for Catering College, Mumbai, to Rs. 5.5 lakhs per year at the Indian School of Hospitality, Gurugram. On an average, this course costs around Rs. 1.25 lakhs per year. 

7. Media, Journalism, and Advertising:

This majorly includes  Bachelors of Mass Media (BMM) as a degree. Apart from that, several institutes offer specialized courses in film, television, and advertising. BMM costs start from Rs. 7,000 in Nalanda Open University to Rs. 5.21 lakhs in Garware Institute. On an average, this course costs around Rs. 60,000 per year.

8. Information Technology:

Several institutions offer  Bachelors of Science in Information Technology in India. Along with this, there are colleges that offer  a variety of courses in computer education. Courses in this field cost around Rs. 90,000 per year on an average.

9. Architecture:

Architecture is one of the most popular courses in India. With the growth in real estate, smart cities, disposable incomes, and personal tastes, there is a massive demand for architects. Architecture costs around Rs. 1.25 lakhs per year on an average, with the top institutes quoting Rs. Three lakhs per year as well

10.  Aviation:

Aviation includes pilots and air hostesses. Becoming a pilot is very costly, with there being training costs apart from the costs for examination. Pilot training and coaching costs at  least Rs. 20-25 lakhs. Air hostess training costs between Rs. 1.5 lakhs to Rs. 2 lakhs.

A child education plan is very essential in such expensive times. A Unit linked Insurance plan will ensure monthly investments are insured against uncertainties of life. Aegon’s iMaximize plan is one such ULIP. This plan provides periodic withdrawals which can be made whenever the need arises. The plan also provides a pay-out on maturity.

If you want to take benefit of the growth in markets, there is Aegon’s iInvest plan that grows as per the market.  Save for your child’s education, so that the future is vibrant to fulfil  his or her dreams. Making a child plan for education is the best bet to save against rising education costs.

Advt. no.: II/Jul 2018/4244


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