Cost analysis of civil services preparation : Is the fees charged by coaching institutes justified
Posted by Gokul
Option one: You study back home
1. General Studies
Books : Rs. 3000 – 4000
Newspapers : Rs. 250 monthly ( Total : 6000 for 2 years; you will anyway subscribe, whether you are preparing or not)
Periodicals : Rs. 650 for frontline (2 years) + Rs.900 for EPW ( one year)
Net connection : 250 per month ( Total : 6000; you will anyway subscribe, whether you are preparing or not)
Total Cost : Around 17000 ( over 2 years )
Total Extra cost : Rs. 6000 maximum (minus newspaper and net )
Books: 4-5 books for humanities optionals ( Mostly Indian Authors). Total cost : Not more than Rs. 3000.
7-8 books for science optionals. Total cost: Not more than Rs. 5000 ( If you are not downloading pirated copies).
Total Extra cost : Rs. 14000 ( Highly liberal estimate and spend over 2 years). Use library, old books or pirated copies and you can bring that down to a few thousand rupess.
Option two : You go to Delhi to attend coaching.
1. Coaching fees :
G.S : Rs, 50,000
Optionals : Rs. 30,000 each
Total : Rs. 1,10,000 (spot payment)
2. Periodicals, newspapers, net for personal use : Rs. 13,000 over 2 years.
3. High rent and cost of living : Around 10k every month.
Total extra Cost : Around 3 Lakhs ( Conservative estimate; multiply with no.of failed attempts, extra fee for extra coaching etc). And even after paying such huge, exorbitant costs, the quality of teaching ( as i get to know from fellow aspirants) may not always be up to the mark.