6. Estimate the Budget

Start repaying your student loan as soon as possible because the interest rate on loan will start from the day you finishes your education. So to escape from any kind of troubles takes rain cheque like cheques and coupons from your mom or dad.

It’s better to borrow few installments from your parents rather than getting a non-payment statement from bank. Through this you can also maintain positive scores on your credit cards.

7. Term Life Insurance

It is a life insurance scheme that provides you coverage at a fixed rate of payments for a limited period of time. Try to make term life insurance as soon as possible so that your family will be safe in case of some untimely death. Initially you can take a term insurance for a short period with low premiums and later as your salary increases you can improve the protection.

8. Bottom line

Prior to 2008, many people thought that doing MBA would fetch them high salaried jobs, but the scenario changed as the demand for MBA grads has come down significantly than earlier.

Many people have not understood the low market for MBA students in India and still there are ample numbers of students who are trying hard to pursue the course.

Incase if your professor tells you that there are number of big companies waiting for you to finish your course, it is better not to trust them completely since the real picture is somewhat different.

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