Should I pursue ACM from NICMAR Pune by taking a loan?

NICMAR does not give 100% placement. You can confirm this from any of the graduates from the institute.

• At NICMAR, for a PG in the quantum survey program at Hyderabad, you will get a package of 4 lakhs minimum. For ACM and other two years program packages, it will reach around 4.5 to 6.5 lakhs per annum.
• Various companies like Asian paints, Hilti pay around 12 to 14 lakhs per annum along with Skoda but it is only for business development profile. As per the information above, you can get a minimum package of 4 lakhs if you are a fresher with an average academic record.
• Therefore, if you have not taken out a large loan and you feel that with a bit of savings and a package of 4 lakh you will be able to pay off the loan, then go for it. But if you belong to a middle-class family and plan to take a loan of 14 to 16 lakhs then this will not be a wise move for you.
• The situation of the industry is not good at all. L&T, Shapoorji Pallonji, and some other companies are the only ones that pay the salary on time. Various companies like simplex, HCC have a 1 to 3-month delay in paying salaries to their employees. A lot of graduates tend to start from site execution as Assistant project managers but the work pressure is too much for them and they give up after 1 to 1.5 years.
• From the current CTC, the hike is not that much and somewhere around 12 to 15%. There are various engineers from NICMAR with 10 to 12 years of experience who are still working with an 80,000 salary in a construction company as AGM/ GM. A lot of graduates also join corporate interior companies with a package that is even lower than the construction company.

So, it won’t be wise to opt for a two-year ACM or any other program if you belong to a middle-class family and plan on taking a loan. You can rather go for a PGP quantity survey which is for one year or you can study hard for CAT and opt for MBA from a level 1 B-school where you will be paid well and will have strong career growth.