I just read this, if you really make 200K a year in India then go ahead and do it, that's merely 10% of your annual income.
But let me ask you this, how much is a bribe to prestigious university in India? Assuming that universities can be bribed as well.
It is no more than 10% of my yearly income and percentage wise it makes almost no difference to my net worth. Financially, the reason to ask this question was that after the financial crisis I have become much more careful with my money. I am very reluctant to waste money.
Regarding whether universities can be bribed, the answer is it depends. To get into a private medical college, you certainly need to pay. I know someone who paid 100000 USD to get his daughter into one.
But here the government colleges are considered far better than private colleges and I dont think you can pay your way into a government professional college. It is the reverse when it comes to schools. Private schools are better than government schools.
The difference between paying to get into nursery school and medical college is that at the nursery school level there is the applicant is awarded points on the basis of his
1. proximity to school
2. whether parent/s is/are alumni
3. whether sibling is already in school
4. girl child is given preference
5. whether the child of a single parent.
After this a list is drawn up depending upon the points and students are selected with those maximum points getting in. Earlier the schools were conducting exams of 3 year olds AND their parents and there no fixed criterion. So the High Court changed it into a standardized system.
That is why I say that my child has a far greater chance of getting in the neighbourhood school (which is 1 km away) rather than the other (bribe) one which is 10 kms away. On the other criterion also, since he is the only boy of married parents he will not get any points.
I went mostly to private schools and this is a bs myth. Most of the kids were no more spoiled or entitled than any other kids. And within the school, there were very few divisions between the kids themselves, unlike the defined groups you always see at public schools. This is partly because everyone has to play sports and do extra-curricular activities together, you all wear the same uniform, and depending on the school, you might eat together too.
+1
i wouldn't. i'd let him enter whichever school he gets into from the other bests.
i don't think the network is worth it. those rich kids may not help your child in career or when he/she is down. what if those kids end up being trust fund babies with no power? what if your kid is influenced badly by the environment. like thinking he needs the things he cannot have.
Regarding first para of your reply please see above. If he was trying to get into medical school, I agree totally that you get into whatever depending on your grades, exams etc. But in this case the child's personal capability has no relevance.
Anyone who says this does not happen in America, in one form or another, probably went to public school.
I have known several people who donated money to the right schools, a couple before their child was even born. Some join the right country clubs, make connections and voila, acceptance through knowing the right people who know the right people.
Much like the question of dating a woman or renting a whore, it's just semantics.
In a few years time which would you regret more, doing it or not doing it? I would struggle in finding any reason to regret it.
I personally cannot understand the attitude of the American members regarding corruption. That they wont do it and are against it is one thing. I accept that there is much lesser corruption in America. But is there NO corruption in the US? Are not US companies admitting to paying bribes in all corners of the world ?
but realistically there are probabaly 200 people stories of failure for every one story of success, you may be underating how much luck and connections can help someone be successful.
Quite possible ....