HELP WITH OPPORTUNITIES POST MBA

Question

I wish to join a MBA program in a B School in UK or USA. The recent visa and work related issues associated with students from other countries concerns me and need some help from someone who has been in a similar situation.
The possible ways to deal with the job opportunities after graduation:-
1. Find a job in the same country in which the B school is based:- Considering the huge burden due to forex differences, one can pay off the loan relatively faster compared to paying off with a job in the home country. However, the current stringent working visa situation in UK and USA make job opportunities look very bleak. How to go about the above situation??. I don’t exactly know if there is any support for students in this regard. Can students stay for a year or so and work??. Does the student visa allow graduates to work??.

2. If a graduate returns to India:- what is the kind recognition by corporate recruiters and the job prospects for MBAs from the top B schools in India?. Is the pay to such graduates good enough to take care of the huge loans (to the tune of 100K dollars in INR- 70- 80 Lacs).

Need some clarity on how to manage the funding. 
 { My annual pay in India around 15K dollars ( in INR) and my savings are around 7.5K USD . I have mentioned this detail just to give an idea about the vast difference between the 100K loan and my fund inflow}.
Precsious comments and suggestions are welcome.? Thanx.

MBADecoder · Answer

Hi Sumit,

Your question is a tricky one, given its timing- at this point there is uncertainty about the US visas. SOme of our applicants who joined US business schools last year (tier2) have reported that getting internships has been tough for them this year.
However, I'd say its a dynamic phase right now- new rules and regulations are evolving and exactly how it will be by the time you matriculate (2018 Fall) or graduate (Summer 2020) will be hard to say at this point.

Generally the problems don't arise with the highly skilled workers, so you should be okay doing an MBA in USA. You should also consider Canada.

GyanDhan_Finance · Answer

Navigating the post-graduation landscape after earning an MBA from a business school in the UK or USA involves careful planning, especially considering visa policies and job market conditions. Here are some strategies and considerations based on your concerns:

Finding a Job in the Same Country as the B-School:

Visa Regulations:  In the UK, the post-study work visa (Graduate Route) allows graduates to stay for 2 years after completing their degree (3 years for Ph.D. graduates) to seek work. In the USA, students on an F-1 visa can apply for Optional Practical Training (OPT) to work for up to 12 months post-graduation, with a possible 24-month extension for STEM degrees. These regulations offer a window to gain international work experience and potentially pay off loans quicker due to higher salaries. 
  Networking and University Support:  Leverage the career services of your B-school, which often include networking events, career counseling, and alumni networks. These resources can be invaluable in navigating the job market and understanding visa options. 
  Strategic Job Search:  Target sectors and companies known for sponsoring work visas and those with a global presence, increasing your chances of employment post-graduation.   
  Returning to India Post-Graduation:

Recognition of Foreign MBAs:  Top B-school graduates are highly regarded in India by multinational corporations and large Indian companies. The brand value of prestigious institutions can significantly enhance job prospects. 
  Salary Considerations:  While salaries may not match those offered in the UK or USA, top-tier MBAs can command substantial pay packages in India, especially in roles like consulting, investment banking, and strategic management. These roles can offer compensation that makes loan repayment feasible, though it may take longer compared to working abroad.    
 Managing Funding:

Scholarships and Grants:  Explore scholarships offered by the B-schools themselves, as well as external funding bodies. Some scholarships are specifically aimed at international students and can significantly reduce tuition costs. 
  Education Loans:  Research loan options carefully. Some lenders specialize in loans for students studying abroad and may offer competitive interest rates. Consider loan terms that allow for flexible repayment schedules or grace periods post-graduation. 
  Part-Time Work:  Depending on visa restrictions, part-time work during your studies can help manage living expenses and reduce the amount you need to borrow.  
Given your current financial situation, it's crucial to calculate the ROI of your MBA investment. Consider not only the potential salary increase but also the network, skills, and career opportunities your chosen program will provide. It might also be beneficial to consult with alumni or current students of your target programs to gain insights into their post-MBA career trajectories and how they managed loan repayments.

Need personalized assistance with funding your MBA dream?  GyanDhan is here to help! Explore your education loan options, scholarships, and get end-to-end support tailored to your unique needs. Start your journey with GyanDhan now and make your global education aspirations a reality. Visit  GyanDhan  to get started.

HELP WITH OPPORTUNITIES POST MBA

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