MBBS Craze

A few days ago a friend talked to us and wanted our advice on his daughter's admission into MBBS - and if MBBS is not available - what other choices does she have.

In an era of increasing Medical Colleges, increasing Medical Seats, the diluted Medical Council, aspiring Parents, Semi reluctant students, the craze for purchasing a Medical Seat has in no way decreased in the past three decades.

There are many ways to get admission in Medical college depending on what the student has secured or what the parent have acquired. 

The most luckiest way is to get minimum of 98 – 99 % in their qualifying examination of their respective states.

The most amazing / stunning is to get through All India Pre Medical – Dental Examination conducted by All India Institute of Medical Science, irrespective of the marks obtained in their qualifying exam. (But the eligible percentage is mandatory.)

The third which is the most convenient one but the most costly one is to go for purchase. It leads / results in a whooping cost of 40 – 50 Lakhs which has to be shelled out from your unaccounted earning. Apart from that an early 5 – 7 Lakhs will be squeezed out through your accounted earnings.

The last and the dignified way is to purchase the seat, if the candidate is an NRI or if papers are made so. The cost including the 5 yrs Academic fees is not less than $125000 USD and not more than $150000 USD depending on the college.

All across India - this "looting" in the name of donation is about to take place. Do you think that the government is unaware of this? The government talks of bringing black money from swiss banks... will they ever do it is a million dollar question. Will the government curb this donation culture to procure mbbs seats ? If they have not done it all this while - why should we expect them to act now? Which parent will stop bribing and buying a seat for his son/daughter?

If a parent is willing to "invest" FIFTY lakhs (half a million) for his ward -go through these alternative scenarios. You might understand the futility of buying an MBBS seat with your 50 lakhs.

SCENARIO 1

Invest 50 lakhs in Fixed Deposit at 10.50% interest. After 5 years - your son or daughter will be sitting on roughly 85 lakhs. Your son or daughter will easily get Rs 75000/= (SEVENTY FIVE THOUSAND) every month.

SCENARIO 2

Invest 50 lakhs in the market and expect a decent return of 15 to 20% per annum (Actually there are mutual funds which offer much much higher returns - See them here) If we take the first figure of 52.6% annual return and assume that this will be repeated every year - then 50 lakhs will become roughly 4.13 crores after 5 years. This means - your son/daughter will get approximately 18.13 lakhs every month.

SCENARIO 3

Invest 50 lakhs in the commodity market and make a return of 1% every day - let us assume that you make only 10% in a month (after accounting for bad days in the market) - after 5 years, your son/daughter will be sitting on a mini fortune of about 200 crores. And at that point of time - your son/daughter's daily earning will be around 1 crore!!!! A small hospital can be built every day!!!

Choose wisely. We dont want our sons and daughters "buying" their seats. Once they learn to buy, then they will keep buying and selling (even their conscience) 

We certainly dont want to be embarassed parents who cannot afford to cough up 50 lakhs up front. 

If interested in the second or third scenarios, where you want to invest, we can put you in touch with people who can work with you and make your children sit on mini fortunes by the end of 5 years. Mail us on drgodthehealer@gmail.com