I think it's very unlikely that you will be able to get an MBA scholarship from these schools; you have the kind of background which is not valued higher than the average applicants, and you are from a pool of Indian candidates which is very large and quite high quality. Schools target their financial aid towards students who bring something rare and different into the classroom.

One thing you could do is work hard to get the best possible marks from your university.

However, the reality is that those student have to borrow to pay MBA fees, and those who cannot go elsewhere.

That said, there is some good news. There are some schools with masters in management degrees aimed at students with little or not post-graduation experience. Some of them are inexpensive. Take a look at http://rankings.ft.com/businessschoolrankings/masters-in-management-2011 and add in the field for 'Fees'. You will see some MiM programmes at European schools like Aalto and Solvay which are inexpensive.

So for me the chance of an MBA seat in top university is real tough?
I m looking to study in reputed universities rather than doing an ordinary MBA and then face the same situation again- being it searching good jobs again or having a poorly rated master s degree certificate.
My aim is to get place in top schools and come out with decent job.

I saw the table there but the fees quoted there is less compared to the fees displayed in the college/ schools original website.
Also top colleges are not listed there except few?

Yes, it's hard to get into a great school with your background -- and since you were asking whether you could get around the fees (which means a scholarship for an MBA) then it's very unlikely, and more or less excluded.

Can you give me an example of a college where the fees listed are significantly different from the ones on the school's website? Remember, the listing I have given you shows MSc in management degrees, rather than MBAs. MSc degrees cost less than MBAs, bit not all the top business schools run MSc degrees. It's mostly schools in Europe that do that.

Thanks so much. What will be the prospects of MSc against an MBA and how is it valued in the job market?

If you click on the link in my earlier post, you can the average salaries for the leading MSc programmes, and the percentages employed by the end of the programme.

<blockquote>If you click on the link in my earlier post, you can the average salaries for the leading MSc programmes, and the percentages employed by the end of the programme.</blockquote>
Basically, graduates of MSc programs will have lower salaries than MBAs. In many respects, this is a product of their respective audiences: MBA grads already have professional experience under their belts, so they have higher earning potential right out of the gate.

If fees are an issue - why not try to pick up some post-graduation work experience and then transition into a local MBA program? There are a few good ones in and around Dubai, including the American University of Sharjah, the University of Dubai, and SP Jain.