Yes, it’s definitely worth paying 16 Lakhs for Manipal Institute of Technology. However, you should change your mindset regarding ROI. You shouldn’t consider education as something that will give you an ROI instantly. You need to change that perspective else you won’t be able to fly high. It’s illogical to compare numbers like fees and salary packages. 

The primary purpose of education is to prepare you for life’s challenges. The place that gives you wings to fly. Basically, college life is about identifying yourself.
Manipal is an institute offering a plethora of opportunities. The crowd is from every nook and corner of the world, every walk of life and educational background. Manipal gives you the skills to actively participate in every field. The academics are delivered by some of the best faculty and non-academics are promoted through various clubs and committees. At the end of 4 years, MIT will give you clarity of thought and the confidence to lead your life on your own terms.

As a student of Manipal Institute of Technology, here are some things I would like to share with you-

• Campus Life- Manipal offers a great campus life. There are student clubs and technical clubs. Technical clubs include- The Solar Mobil Project and Formula Manipal. The dramatics societies don’t perform much but they are a great place for networking.

• Sports facilities- The college has its own semi professional leagues- MIT Cricket League and MIT Football League. 

• Food- The campus has good eateries including two Mexican restaurants. Even the hostel mess is decent over here.

• Academics- The curriculum and labs need to be updated, especially for ME and CE. Over here, learning is theoretical rather than practical. Like any other engineering college, you’ll face lots of assignments and tests. Teachers give importance only to marks. This is especially true for CSE, EEE and ECE branches.

• Faculty- The faculty for mechanical and civil is liberal and qualified. Unfortunately however, most teachers at MIT look down upon students with low grades.

• Crowd- The crowd is quite diverse. You’ll interact with people from various cultural backgrounds. Manipal gives ample freedom and opportunities to its students for their personality development. However, the fees are very high.

• Placements- Except for the top 10% in CSE and ECE, low packages are offered to students. Majority ends up getting mass recruited in brands like TCS. Student intake is increasing, and number of core companies visiting the campus is decreasing. Thus, very average placements are secured for such a high fee.

• Higher Studies- Manipal will offer support for your higher studies. Opting for an MSc. after your graduation from Manipal, is a good option.

At Manipal you’ll develop good interpersonal skills. But the fees aren’t justified considering its faculty, academics and placement quality.

If you work in a central government-funded institution, you will definitely receive the paycheque on time that is the last working day of the month. However, the situation may not be the same in state government institutions where salaries are not received on time.

I have a few friends in Kasturba Medical College, AIIMS, and JIPMER and all of them told me that they receive their salary exactly on the last day of the month.

However, many other less-reputed hospitals and medical colleges, dont pay their residents and interns or they receive the paycheck extremely late. I believe in order to create a strong healthcare system, we must cater to basic necessities such as paying the healthcare workforce on time. 

Here is a rough estimate of the total expenditure for a BTech course at MIT Karnataka.

• Total Tuition Fees ( BTech): INR 18.62 Lakhs 
• Hostel + Mess fees: Around 4–5 Lacs depending on the hostel you choose
• Travel expense: On average you will be spending 750-1000 per month. So the cost of a 9-month stay for 4 years will be 1000*36= INR 36000
• Travel expense from home to college: This varies from person to person because if you live far away, you will have to travel by airplane. Assuming, you will be taking 4 trips a year, the cost will be around 1 Lakh.
• Misclieous Expenses: Around INR 5000 per month. So 5000 x 9 x 4 = 180000 INR.

The above estimate does take into account the money you spend partying or going on trips. Also, it's important to note that the above estimate is purely based on my speculations and may vary from person to person.

Manipal Institute of Technology has one of the best hostel facilities in India. Depending on your budget you can either opt for a single occupancy room with an AC or a triple occupancy room with no AC and a common bathroom. But you don’t have to worry as the common baths are very well maintained and hygiene is taken care of.

• There are washing machines and dryers on every floor. There are also facilities for Solar water heaters, so you can get hot water throughout the day.
• The hostels are well-secured, especially for girls and the hostel wardens are very friendly too.
• There is a night canteen that serves food till 1 am. 

So, Manipal Institute Of Technology has one of the best hostel facilities in India so you can put your worries to rest!