Joined: 05 Sep 2013
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The Expensive Global MBA for middle class Indians [#permalink]
23 Nov 2013, 15:41
Hello every one
It has been discussed a lot about the value of an international MBA and how it can transform our perception towards everything,and that it opens eclectic career avenues,however it is equally tough to get admitted, I mean toiling on GMAT is another thing and mustering courage to shell out 80000-90000 euros a year (for european B school) is another, Ivey leagues colleges for indian are way too beyond to look for, as it has been heard that scholarship are very limited and also not for the full fees.
Even an european top ranked B school likes of Insead,LBS charges around 60000 euros plus living expenses which comes out roughly 80 lakhs, this amount is almost impossible to manage for an average middle class working indian.
I want real suggestion advice and testimonials from active members who are at such colleges or know someone who have attended these B school, not to mention that the attendee must be from middle class whose indian salary must not exceed 7 lakhs INR per annum.
The information must be in detail, how they managed to offset this staggering amount, or otherwise elite candidates have no worries for money.
Any information about the financing pattern of any middle class average indian at US B-school is also welcomed.
I think most deserving candidates don't dare to think of GMAT and applying to these top notch B-school just because of the exorbitant fees and expenses.
Though the placement report projects encouraging sentiments among the aspirants, but it is like gamble, what if any stone left unturned, paying back an amount of the tune of 85 lakhs indian rupee without fat figures pay check, is almost suicidal.
Any average middle class indian student who have attended any US b schools or european B schools may please, through light on this financing paradigm, and if in absence of any kind of scholarship, the entire amount can be aranged from any other source like any financial institution
PS: please no advice from NUS participant.