Dear friends,
Till now whatever
happened was before you. Its another matter that the whole scenario was
different. Till now, whatever money you paid, you had knowledge of it.
Now you will come to
know that, how you becomes a
bearer cheque for the director of your coaching institute.
Actually you were a
bearer cheque for them from the time you had joined the institute, it's the
time to cash it. At the final stage, those who have appeared in tests have
noticed that those colleges which stands nowhere according to your counselors
has now become the best one.
Those who are
planning to appear this year, you will notice it soon.
Do you know why????
Because, the
institute is selling the admission forms of those colleges.
You are true, but
the real truth is much shocking, it is hard to believe, but it is true.
So, what is it????
Before we move ahead, please go through the
following questions:
Have
some colleges visited your coaching institute to promote themselves?
"Have
you attended the presentations given by colleges for promotion at your coaching
center?"
"Have
you ever noticed that, your coaching institute has become a little bit pushy to
you?"
"Did
you feel that, you are being forced directly or indirectly to get admission in
a particular local B-school?"
"Did
you notice that, the application forms of these colleges are being sold by the
institute?"
"Have
you ever been sent for GD and PI with your own group?"
You will ask," why these
questions??"
Because the answer of
each question will tell you that how your institute is selling you at each and
every stage.
Have you ever put
these questions before your mentors or counselors??
Your answer might
be--
"No, why should
I?
There is no need of
it. It’s all for helping students to select best college for us. Our coaching
institute has told the same."
Huh!
They are making
money only. They are just using you as sellable goods, where the sellers are
the coaching institutes and the buyers are the colleges.
The best part is
that you pay money, a huge sum of money happily for being sold.
Isn't it shocking??
Have your coaching institute ever told you that, some
professional have been called to guide you and help you?
Does it happen that
in the class those professionals give you some GD tips some other information
and motivate you to take admission in a particular B-School from which he is
too.
Do you know that
these so called professionals are marketers of colleges.
Do you know that by
attending these classes or seminars you are helping your coaching institute
financially.
You have been
noticed that you are forced or motivated directly or indirectly by your
coaching institute to attend the class. They tell you that they are helping you
but no, it's not. It's for making some more money.
Do you know that for
serving you as audience before these so called professionals institute charges
money on per student basis. The money ranges between Rs.300-Rs.400 per student,
who is attending seminar. This money is paid at the same time.
Do you know why the coaching institutes sale
the forms??
Do you know why you
get admission forms at your coaching institutes at low price??
We have already told
you that for each form the institute is entitled for a financial benefit of
Rs.500-700.
A part of this money
is deducted as discount.
You will say--
So what?
We are getting at
low price. They are earning profit but we are in profit too."
No,
It’s not only for
nominal profit. This discount leads to a huge profit of Rs.50,000 {average} and
this huge sum of money is paid by you.
How???
Have you ever
noticed that the application form you purchase carries seal(stamp) with the
name of coaching institute on it??
This seal is the way
to be recognized by the college, you are from a particular institute.
WHY???
Any coaching
institute which is selling the forms goes in a contract with that particular
college.
The contract which
is signed is all about the commission which will be paid to the institute for
each student who gets admission there.
You will come to
know about the whole process in detail in next blog.
So, get prepared for
it.
The MBA Informer
team is thankful to all the readers and request you to pass this information
among all the MBA aspirants.
Thank You
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