If you want to defer as you feel you might be in a financial better position next year, then a deferral makes sense. But if you are worried about the job market next year, then I would just say that it is impossible to time the "market". What if the recession woes further deteriate?
Again- this is a decision you have to take based on your risk tolerance and financial situation.
Good luck.
kunalsingla wrote:
Hello All!!
I have an admit from Queens, Canada. After serious thought, I am planning to take a deferral to the next year.
Reasons for my deferral :
1. I am finding it difficult to arrange for a 24-25 lakh INR loan.
2. Yes, I am really worried about the recession and the job market on 2009. I don't want to compromise on choosing a job in a field which I don't like( Yes, I am interested in management consulting), if the recession happens.
3. I am getting an offer where I can save 19 lakh INR in a year. I can save this money and then go for my MBA. If I go now, I will be much more tensed and may not even go for an Exchange program. But after saving some money, I will be less bothered with 5-6 lakh INR loan and can concentrate on my studies as well as go for an Exchange program.
I request all of you to please please pour your thoughts on my decision and please help me in making this difficult decision.
Also, could you please tell me how well recognized is Queens globally . Does it come in the top-10 non- US b-schools ?
Regards
Kunal