IIM-Q hikes fee to 3 cr : early birds to get 20% discount

IIM Qaziabad hiked its fee to 3 cr from 3 lakh last year, an undisclosed percentage increase. 'We are charging six times as much as Harvard, but you have to note that our faculty's far inferior', said Vijay Singh, the Chairman of the Governing Board.
'We will ensure that every minute a student spends on campus counts and the course is worth every penny the student shells out. A study amongst Q alumni revealed that their chief regret on campus was attending classes. So in the new paradigm, there will be fewer profs, fewer assignments, fewer textbooks and so on. We are also launching new specialisation streams - An MBA in deep-sea snorkeling, MBA in blog-surfing and an executive development program in solitaire are on the anvil right now', he revealed.
'The proceeds from student fees will be used to re-paint the entire campus. We might also get real professors this year and they won't come cheap. We did a study last year where we tried to gauge the students' expectation of faculty IQ-Scores and they unanimously voted in the above 100 category, which has put us in a quandary. I think the days of getting primary school dropouts to teach MBA courses are long gone' he said ruefully.
Undergrad students all over the country are still reeling at the shock that their last chance at 'two more years of doing nothing' is suddenly unaffordable. It appears that the 20% discount for the first 100 applicants will also do little to alleviate the situation.
'If we are spending that much, we might as well get a real degree na?' says Shaurabh, an MBA aspirant who has settled for copies of 'The 10-day MBA' and 'The one minute manager' as a cheaper substitute for the course.