MARTIN21 wrote:
I am an Indian lawyer working in a good reputed company as an in-house counsel for last 5 years. Before that I was a practicing lawyer for 5 years. In total having experience of 10 years in the field of law. My qualifications LL.B (in top 5 of the class of 720) and Company Secretary (passed in first attempt and top 50 all over India in many thousand applicant).My gmat though is modest 670 (Q50 V31 AWA 5.0 IR 7)
My age is 34. I have two small doubts:
(i) Whether a person on a higher age group or with many years of experience, is a good fit for an MBA programme, where the cohort's average age is around 28.
(ii) How to finance an expensive MBA. I am not averse to take loan. But it appears you can take only one education loan and in India what max I am getting as education loan is Rs. 20 lacs which is nowhere near the fee of a good MBA. INSEAD MBA is around 60,000 euros in tuition and another 30,000 euros in living expense and other. That is around 60 lacs rupees. Can you guide how to finance that. From where can I get tuition and living expense loan. My present salary is Rs. 15 lacs per annum
Hello!
Thanks for your message and apologies for the long silence as Camille went on sabbatical leave and I am replacing her on this blog.
Actually, our MBA students usually have on average 6 years of work experience and the average age now is 29. There should not be any issues since you're still in your early 30s.
With regards to financing, our students usually use a combination of financing means, such as loans, personal savings and scholarships to finance their MBA. INSEAD only offers partial scholarships and the average award is 12,600 €. You may like to know that MBA candidates can only apply to our scholarships once they have been admitted to the programme or have been shortlisted for an interview. We have more than 50 different scholarships that are offered to all eligible and admitted MBA students, all with differing eligibility criteria. Here is the link to our list of scholarships available for your reference
https://mba.insead.edu/schlmgmt/. Other organisations and banks known by INSEAD to offer loans for the INSEAD MBA programme are also listed by country under Funding By Country page
https://mba.insead.edu/financing/funding_by_country.cfm.
Hope this helps!
Thanks,
Leizel
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