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Apr 2909:00 AM PDT
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What’s in it for you- Live Profile Evaluation Chat Session with Jenifer Turtschanow, CEO, ARINGO. Come with your details prepared and ARINGO will share insights! Pre-MBA Role/Industry, YOE, Exam Score, C/GPA, ECs Post-MBA Role/ Industry & School List.
Apr 2908:00 PM EDT
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Join us for a live Ask Me Anything (AMA) session with Juno’s Co-Founder, where we’ll break down everything you need to know about financing your MBA in today’s rapidly changing landscape.
Apr 3010:00 AM EDT
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Applying to business school from a finance background? Personal MBA Coach is here to help with this quick tips video on how to set yourself apart during the MBA application process!
Apr 3010:00 AM EDT
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Sia Admissions Founder Susan Berishaj will walk through why reach/target/safety produces the wrong list for many specific profiles, how admissions committees at different programs read the same background differently, and more...
Apr 3012:00 PM EDT
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Starting at $975 and offering up to $545 of savings, our new Amplify Hourly Packages offer structure and support in certain high-value areas (story development, resume, essays, interviewing) to help get your applications across the finish line.
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May 0108:30 AM EDT
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Get the inside scoop on what makes Emory’s Goizueta Business School great, learn how you can present a strong MBA application, and connect with an Admissions Director to get your questions answered.- May 01
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Get the inside scoop on what makes Emory’s Goizueta Business School great and how you can present a strong MBA application. Explore the difference between our One-Year MBA and Two-Year MBA programs, talk to our admissions team, and meet students. 
May 0108:00 PM PDT
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18 Apr 2014, 10:39
Kudos
Bookmarks
There is a lot of competition for management consulting jobs, particularly for M/B/B.
About 13 to 15% of the MBA students get into these three top firms- M/B/B.
About 15 to 20% of Indian MBA students manage to get jobs in M/B/B.
About 13 to 15% of the MBA students get into these three top firms- M/B/B.
About 15 to 20% of Indian MBA students manage to get jobs in M/B/B.
24 May 2014, 19:53
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Thanks manohar for the update. Congratulations.
At the beginning, you were pondering about the high fee $170K in Booth and the burden of clearing out the loans after graduation. Now that you graduated out of Booth, can you please share your perspective on the financial angle, which can be very useful to others in the same dilemma?
At the beginning, you were pondering about the high fee $170K in Booth and the burden of clearing out the loans after graduation. Now that you graduated out of Booth, can you please share your perspective on the financial angle, which can be very useful to others in the same dilemma?
manohar
25 May 2014, 06:11
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It is true that $170-180K is a big amount and repaying that is not very easy. In my case, fortunately I have received $30K scholarship and that reduced the total cost to $140K.
Even then it is a lot of money. From my prior savings and summer internship savings I could raise $25 K and some amount of money from my family. Net, net I have less than $100k loan and the loan has been arranged entirely by the Booth school with out any surety. If I don't live ostentatiously, it will take me less than 2 years to repay the loan.
But, each case is unique. It depends on whether you get a scholarship and how much and even more importantly whether you get a good job and in US or other such places with high savings potential.
Most people do get fairly good jobs after graduation, most of them in US (I am referring to the case of Indians from Booth school. I presume, it must be equally good with other top schools). In all such cases, I think the loan could be repaid in 2 to 3 years, provided the loan is not much more than $100K. I am sure every one will have some savings and can save some amount from summer internship.
But I do know one or two stray cases of people struggling to find a good job after graduation. In such an event, the loan can be very onerous. But the probability of such an occurence, in my view, would be less than 5%.
It will also depend on your past background. If you are a strong candidate, to begin with, you are likely to get a scholarship and a very good job on graduation.
But if you are borderline candidate who happened to scrape through the admission process, then the risks are more. As I mentioned in my previous posts, people with prior US education and experience or if from India, if they worked in companies like Mckinsey, Goldman, JP Morgan etc. prior to their doing the MBA, then they are not likely to have much of a problem in finding a good job.
Net,net, if you have to take a loan of $100K or less, I think it is worth taking the risk, in most cases. But, if you want to finance your studies entirely through loan, that would mean $150K or more and that increases risks. But some people may still find it worth while! But I would be a little more worried to take on a $150K loan. Since my loan was less than $100K, I felt that it was a risk I could take.
It also depends on business cycles. Just now the business cycle seems to be improving and job scene is good.
Even then it is a lot of money. From my prior savings and summer internship savings I could raise $25 K and some amount of money from my family. Net, net I have less than $100k loan and the loan has been arranged entirely by the Booth school with out any surety. If I don't live ostentatiously, it will take me less than 2 years to repay the loan.
But, each case is unique. It depends on whether you get a scholarship and how much and even more importantly whether you get a good job and in US or other such places with high savings potential.
Most people do get fairly good jobs after graduation, most of them in US (I am referring to the case of Indians from Booth school. I presume, it must be equally good with other top schools). In all such cases, I think the loan could be repaid in 2 to 3 years, provided the loan is not much more than $100K. I am sure every one will have some savings and can save some amount from summer internship.
But I do know one or two stray cases of people struggling to find a good job after graduation. In such an event, the loan can be very onerous. But the probability of such an occurence, in my view, would be less than 5%.
It will also depend on your past background. If you are a strong candidate, to begin with, you are likely to get a scholarship and a very good job on graduation.
But if you are borderline candidate who happened to scrape through the admission process, then the risks are more. As I mentioned in my previous posts, people with prior US education and experience or if from India, if they worked in companies like Mckinsey, Goldman, JP Morgan etc. prior to their doing the MBA, then they are not likely to have much of a problem in finding a good job.
Net,net, if you have to take a loan of $100K or less, I think it is worth taking the risk, in most cases. But, if you want to finance your studies entirely through loan, that would mean $150K or more and that increases risks. But some people may still find it worth while! But I would be a little more worried to take on a $150K loan. Since my loan was less than $100K, I felt that it was a risk I could take.
It also depends on business cycles. Just now the business cycle seems to be improving and job scene is good.
)
