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# Poor and Clueless

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GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5067
Location: Singapore
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Kudos [?]: 199 [0], given: 0

Poor and Clueless [#permalink]  02 May 2005, 21:33
Lately, I've been doing some quick calculations, and I realized that I might never get to Insead or Chicago (my top 2 choices) or any other universities in the States for that matter because of the #1 problem that plagues everyone: Money.

I thought about taking a loan, but that wouldn't work out in the long term. Next year, I have to come up with money for my wedding, then a house, and there's a car which I am paying off by installments. The next thing to come up with would be expenses for the kids and their education, all of which leaves me with the tightest of budgets.

Okay, I might ace a scholarship, but that still doesn't solve my problem. A US$10K per year scholarship would still rquire me to take out a loan of some sort. This is excluding the requirement for me to quit my currnet job, which pays me a paltry sum each month, but at least still something that can help pay off the bills. So all these problems leaves me looking at MBA or MFE courses at two local universities - National University of Singpoare, and Nanyang Techonological University. Both offer MBA/MFE courses that costs about S$25K for a MBA and S$20K for a MFE. However, I'm quite skeptical about how they stand up to degrees from the States. For starters, both require only a GMAT score fo 620 (duh.... that ain't even enough to get you into a near-frontier elite business school). Secondly, both do not need an interview (well, speaks so much for competition). It doesn't really make much sense to invest S$20K and have no means of recouping that sum (via employment)

So I'm now pretty much clueless what I'm going to do now.
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CEO
Joined: 17 Jul 2004
Posts: 3281
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In defense of NUS and Nanyang, both are accredited by AACSB International and both have been ranked in the top 100 by EIU at least once in recent years. In addition, NUS has a partnership with UCLA and Nanyang is accredited by EQUIS.

Nonetheless, I see your point. However, matters might not be as bleak as they appear at first glance- with a combination of a scholarship and an assistantship it might be possible to minimize your expenses for your time in the US.

Hjort
CEO
Joined: 17 Jul 2004
Posts: 3281
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Kudos [?]: 452 [0], given: 0

I came across Singapore Management University's Masters in Applied Finance program. It is interesting to note that the bachelors of business program is an adaptation of the Wharton model.

GMAT Club Legend
Joined: 07 Jul 2004
Posts: 5067
Location: Singapore
Followers: 24

Kudos [?]: 199 [0], given: 0

Hjort wrote:
In defense of NUS and Nanyang, both are accredited by AACSB International and both have been ranked in the top 100 by EIU at least once in recent years. In addition, NUS has a partnership with UCLA and Nanyang is accredited by EQUIS.

Nonetheless, I see your point. However, matters might not be as bleak as they appear at first glance- with a combination of a scholarship and an assistantship it might be possible to minimize your expenses for your time in the US.

Hjort

Hi Hjort, thanks for the information. I did notice the partnership with UCLA but that program is open only to individuals with at least 8-10 yrs of some experience in management, so it's pretty much out of the question for the time being.

Still, what's an assitantship ? It's the first time I have come across this term.

I'm also looking at the SMU M.sc in Applied Finance. I have given it a glance a very long time back but didn't read too much into it as it appears to be a little too focused (geared towards CFA). Still it's interesting to note that SMU has the Wharton School as one of its many partners.

I'll do some detail study at their courses and post here again.
CEO
Joined: 17 Jul 2004
Posts: 3281
Followers: 22

Kudos [?]: 452 [0], given: 0

I have been expanding coveage of tuition, fees, and price adjustments for each school.

The following link provides an example of an assistantship program:

http://www.terry.uga.edu/mba/programs/t ... ncial.html

I look forward to hearing more about Singapore Mgmt University.
Senior Manager
Joined: 05 Oct 2005
Posts: 413
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Kudos [?]: 19 [0], given: 0

ywilfred wrote:
Hjort wrote:
In defense of NUS and Nanyang, both are accredited by AACSB International and both have been ranked in the top 100 by EIU at least once in recent years. In addition, NUS has a partnership with UCLA and Nanyang is accredited by EQUIS.

Nonetheless, I see your point. However, matters might not be as bleak as they appear at first glance- with a combination of a scholarship and an assistantship it might be possible to minimize your expenses for your time in the US.

Hjort

Hi Hjort, thanks for the information. I did notice the partnership with UCLA but that program is open only to individuals with at least 8-10 yrs of some experience in management, so it's pretty much out of the question for the time being.

Still, what's an assitantship ? It's the first time I have come across this term.

I'm also looking at the SMU M.sc in Applied Finance. I have given it a glance a very long time back but didn't read too much into it as it appears to be a little too focused (geared towards CFA). Still it's interesting to note that SMU has the Wharton School as one of its many partners.

I'll do some detail study at their courses and post here again.

Hi ywilfred,

Have you managed to look into their courses in greater details? I had a friend who is also thinking of doing a Masters - and we talked abit about the various programs in the local (Singapore) universities. Just wondering what are your thoughts...

Cheers,
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