Is pursuing ACM from NICMAR Pune with a loan a good idea for Indian students?

Question

Aditya Kumar · Accepted Answer

So, you're thinking about doing the ACM program at NICMAR Pune and wondering if taking out a loan is worth it, right? Here's the lowdown:

Placement Realities: NICMAR's placement rates aren't always 100%. Talking to alumni can give you a clearer picture.
Salary Expectations: For the PG program in quantity surveying in Hyderabad, expect around ₹4 lakhs per year. ACM and other two-year programs might get you between ₹4.5 to ₹6.5 lakhs annually.
Top Companies: Some companies like Asian Paints and Hilti offer ₹12 to ₹14 lakhs per year, but these are often for business development roles.
Loan Considerations: If you're looking at a big loan (₹14-16 lakhs) and come from a middle-class background, it might not be the best move. A smaller loan that you can manage with a ₹4 lakh salary could be okay.
Industry Challenges: The construction industry has its issues. Some companies, like L&T and Shapoorji Pallonji, pay on time, but others can delay salaries by 1-3 months. Many grads start in site execution roles but find the pressure too much.
Salary Growth: Expect a hike of around 12-15% when you switch jobs. Even with 10-12 years of experience, some engineers at NICMAR earn around ₹80,000 per month.

If you're considering a loan, a one-year PGP in quantity surveying might be a better option. Or, you could aim for an MBA from a top-tier B-school for better career prospects.

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