Fee Structure and Financial Planning
The fee structure for Ritee Business School Raispur is designed to provide value while ensuring access to world-class education. The total cost of the program includes tuition fees, hostel charges, mess fees, medical charges, and other miscellaneous expenses. Here is a detailed breakdown:
| Head | Semester 1 (INR) | Semester 2 (INR) | Semester 3 (INR) | Semester 4 (INR) |
|---|---|---|---|---|
| Tuition Fee | 90,000 | 90,000 | 90,000 | 90,000 |
| Hostel Charges | 35,000 | 35,000 | 35,000 | 35,000 |
| Mess Charges | 15,000 | 15,000 | 15,000 | 15,000 |
| Medical Charges | 2,000 | 2,000 | 2,000 | 2,000 |
| Other Charges | 5,000 | 5,000 | 5,000 | 5,000 |
| Total Annual Fee | 147,000 | 147,000 | 147,000 | 147,000 |
The hostel facilities at Ritee Business School Raispur are modern and comfortable. Each room is equipped with basic amenities such as a bed, study table, chair, wardrobe, and Wi-Fi connectivity. The hostel complex includes common areas, a gym, a library, and recreational spaces to ensure a balanced lifestyle for students.
Mess charges cover three meals per day, with options for vegetarian and non-vegetarian diets. The mess is managed by professional catering services that ensure hygiene standards and nutritional balance in the meals provided.
Return on Investment (ROI) Analysis
The Return on Investment (ROI) analysis indicates that students can expect a strong return on their investment, given the average placement package of INR 13.5 lakhs per annum and the high employment rate of over 95%. This makes Ritee Business School Raispur an excellent choice for students seeking quality education with promising career prospects.
To calculate ROI:
- Total fee paid over two years = 2 × 147,000 = 294,000
- Average placement package = 13.5 lakhs per annum
- ROI = (Average Placement Package - Total Fee) / Total Fee × 100
ROI = (13.5 - 2.94) / 2.94 × 100 ≈ 359%
This calculation demonstrates that students not only recover their investment quickly but also gain significant returns through career advancement and salary growth.
Financial Aid and Scholarships
Ritee Business School Raispur offers a comprehensive range of financial support options to help students manage costs. These include:
- MCM Scholarship (Merit Cum Means Scholarship): Awarded to students who score above 80% in their qualifying examination and have a family income below INR 4 lakhs per annum.
- SC/ST Scholarship: Provided by the government for students belonging to Scheduled Castes or Scheduled Tribes.
- PwD Scholarship: Offered to students with disabilities, covering full tuition fees and additional support for accessibility needs.
- Women Empowerment Scholarship: Designed for female students from economically disadvantaged backgrounds, covering up to 100% of tuition fees.
In addition to these, there are several donor/alumni scholarships that cater specifically to students in this program:
- Alumni Achievement Scholarship
- Visionary Leadership Award
- Future Innovator Fund
- Global Excellence Fellowship
- Entrepreneurship Support Grant
- Research Excellence Prize
- Technology Innovation Award
- Business Ethics Recognition
- Student Success Initiative
- Young Leader Development Program
External scholarships include:
- Government of India Scholarship Scheme for Higher Education
- Microsoft India Scholarship Program
- Google India Scholarships
- IBM Academic Partnerships
- Amazon Future Engineer Scholarship
The application process for each scholarship involves submitting academic transcripts, financial statements, and a personal statement. Detailed guidelines are available on the school's website, and students are encouraged to apply early to maximize their chances of receiving support.