India, July 17 -- Earlier this year, Amit Soni left his government job to pursue an MBA at the Indian Institute of Management (IIM) Ahmedabad - widely acknowledged to be one of the country's premier management schools. In an Instagram video, he has now opened up about the very real cost of quitting a government job to go back to school.

" Rs.74 Lakhs. That's what it cost me to quit a government job - the same day I got into IIM Ahmedabad," claimed Soni, who used to be an SSB Assistant Commandant on the Indo-Nepal Border.

According to the IIM-A student, the Rs.74 lakh figure he mentioned included the IIM tuition fee, his resignation bond, and the "opportunity cost" of giving up a year's salary and perks.

Soni said the fee for the one-ye...