Many individuals shelve their plans of pursuing an MBA because it is a costly preposition. Some wise man once said “If you think education is costly, try ignorance”. If you get into a good business schools and use your MBA well, you can break-even in a very short span and keep getting dividends for rest of your life. Apart from growth in career, one gets to be a more competitive professional and a better individual after immense learning in a prestigious business school.
Remember, “There is always a way out”. We will tell you three…
Scholarships:It is a myth that scholarships are not possible in MBA programs. Our founder has done his MBA on 100% scholarship and many individuals every year get such offers. Get a very high GMAT score, write effective applications, and crack your interview…!!
Non-collateral Loans:Most of the US top 20 schools have tie-ups with banks and they help you in getting education loans without any collateral or US co-signer. These loans are on very low interest rates and need to be repaid after completion of the course.
Target Economical Schools: There are several schools in US, Europe, and Asia where ROI is really good. One can earn MBA from quality schools in less than U$D 40,000.
Apart from the aforementioned options, also consider…
Indian government gives education loan of up to INR 20 lacs for education abroad. Up to 7.5 lacs (4 lacs in few banks) can be granted without any collateral.
One earns a decent amount during internships.
One can take several campus jobs, TA, or RA to earn living expenses.
Many individuals work part-time during the second year with the organization they intern with.