Would it be a risk to take a loan of 17 lacs for an Operations PGDM from SPJIMR if I have a job at a good company like Tata Steel?

Ultimately the decision is yours but below is a table showing the current fees (as of 2023, because it is not INR 17 Lakhs anymore), the highest salary package, the average salary package, and the median salary package.

So, considering the RoI, it is really good, as it is a one-time investment of 20.42 Lakhs and you will be getting anything around 33 LPA (more than that as well) if you can keep yourself in the top 50 percent of the batch or placement numbers.

Apart from that you can try for the sabbatical as well if you are not that confident and would love to work in TATA only as it assures of stability of the job. TATA recruits from SPJIMR as well so, don’t worry much and go for it if the opportunity is available.