Calling all INSEAD Applicants (Sept 2016 Intake) Class of July 2017!!

FROM Insead Admissions Blog: Fairytales are for real!

I was scrubbing dishes late into the night. It had been a tiring day like any other. Wiping the perspiration from my forehead I egged on. My mind kept racing back to what had been the talk of the town. Every one... Continue Reading →

FROM Insead Admissions Blog: Outside the classroom – INSEAD Creative Garage

Business school is not only about finance, consulting, marketing and the traditional “business subjects.” Business school is about many things, some more obvious than others. It’s amazing how many activities are going on outside the classroom, how many cool projects,... Continue Reading →

FROM Insead Admissions Blog: An “Average” INSEAD Break

Considered the most intense of the five periods, my classmates and I in Fontainebleau found P2 especially challenging given the weather conditions in France. It was already almost May and we had barely seen the sun! So, to escape the... Continue Reading →

Hello Everyone,

I'm an Indian male applicant to INSEAD sep-2017 intake. Its very ambitious of me to think of applying to INSEAD given my financial background.
My profile goes as follows:
GMAT: 720 (Q49/V40)
I am yet to take language test(s).
Work-Exp: 60 months till July-2016
Sector: Electrical Design Engineering - heavy electricals manufacturing and power sector (54 months at BHEL - a manufacturing sector PSU in India)
Extra-curriculars are good but community service is poor.
Have been part of theatre groups and social cause performances - acting and direction.
Leadership roles are ample within and beyond my profession.
Acads: High School - 91%
12th std - 93%
B. Tech. (Electrical Engineering) - 73.4% (but 4th in class)

Firstly, I'm not even sure how strong my profile is for INSEAD. So please enlighten me in this domain.

Secondly, my major concern is finance. In India, max. loan amount without collateral etc. is INR 30 lacs (approx EUR 40,000).
I have next to nil collateral property.
I'll be able to personally manage not more than approx EUR-15,000. So how am I supposed to fund my studies if I'm not awarded any scholarship. Saying that, may I know the probability of getting a scholarship and if yes, about how much, based on my profile.

Please oblige me with your advice as I really want to apply to INSEAD but for an average Indian with low financial background, it is next to impossible investing that much even if you deserve it. (If I do).

Thanks for reading.

Abhishek

Abhishek - If you are major concern is about Financing, Prodigy Finance is a very lucrative option. It is founded by INSEAD alumni and provides collateral free loan up to full tuition, so you might want to have a look. Moreover, there are a lot of need and merit based scholarships as well but would advice you to apply for Round 1/Round 2 if scholarship is your concern. Regarding profile evaluation, your profile seems good but more than concrete facts, it is the way you present your case in your essays that will matter. So buckle up your belt and delve into the process.

Hope my 2 cents help. Good luck!

Thanks for your advice.
I looked into Prodigy Finance and found that its loan cap is very much profile based. So I'm not sure how my loan cap would be decided. Also, this's a major relief that its a collateral free loan. Really? I mean I stated about that earlier. I'm still not sure about the scholarship's probability with my profile.

I've already started working on the essays and hope to receive some help from you in future in case I need it.

Thanks a lot.

Abhishek

P.S. Your advice was worth at least a thousand bucks.