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Indians Affording MBA

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Intern
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Joined: 31 May 2017
Posts: 29
Location: India
Indians Affording MBA  [#permalink]

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New post 06 Aug 2018, 00:38
1
Hi

Can someone share the experience how a middle class indian afford his/her MBA outside India without much of a debt after graduation.

Thanks
Intern
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Joined: 24 Aug 2018
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Concentration: General Management, International Business
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New post 05 Sep 2018, 23:25
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swatygi wrote:
Hi

Can someone share the experience how a middle class indian afford his/her MBA outside India without much of a debt after graduation.

Thanks


Target tier 2 schools. After graduation, even if you fail to get a visa lottery for work, you can return home with less debt.
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Joined: 26 Nov 2018
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Re: Indians Affording MBA  [#permalink]

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New post 05 Dec 2018, 02:10
Hasn wrote:
swatygi wrote:
Hi

Can someone share the experience how a middle class indian afford his/her MBA outside India without much of a debt after graduation.

Thanks


Target tier 2 schools. After graduation, even if you fail to get a visa lottery for work, you can return home with less debt.


Can you share some more details?
What schools specifically?
Also, what would be a ballpark number for unavoidable debt even at these schools?
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Joined: 11 Dec 2018
Posts: 31
Schools: LBS '21 (A)
Re: Indians Affording MBA  [#permalink]

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New post 16 Dec 2018, 03:28
danielcole wrote:
Hasn wrote:
swatygi wrote:
Hi

Can someone share the experience how a middle class indian afford his/her MBA outside India without much of a debt after graduation.

Thanks


Target tier 2 schools. After graduation, even if you fail to get a visa lottery for work, you can return home with less debt.


Can you share some more details?
What schools specifically?
Also, what would be a ballpark number for unavoidable debt even at these schools?


Obviously that would depend on your profile. If you're a Goldman banker with 780 GMAT what is a tier below you would be different than if you don't have substantial experience and a 500 GMAT :)
Manager
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Joined: 04 Nov 2017
Posts: 63
Location: India
GMAT 1: 590 Q48 V23
GMAT 2: 700 Q48 V38
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Re: Indians Affording MBA  [#permalink]

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New post 16 Dec 2018, 18:07
swatygi wrote:
Hi

Can someone share the experience how a middle class indian afford his/her MBA outside India without much of a debt after graduation.

Thanks
There is no specific answer to this question. What are your goals/ geographic region/GMAT score/profile/school applied vs admits? Only once someone have these info , then they can give you a rough idea. Moreover what is your definition of "affordable"? It is a too subjective term.

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Re: Indians Affording MBA  [#permalink]

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New post 19 Dec 2018, 00:44
swatygi wrote:
Can someone share the experience how a middle class indian afford his/her MBA outside India without much of a debt after graduation.


One way to reduce the debt after graduation is to aim for programs where the likelihood of getting a scholarship is high.

Having helped many applicants get there, here's the essence -- Present an attractive persona to the (right) bschools & they'd be happy to give you incentives to join.

What to do:

  • Get a GMAT score that's 'competitive' enough for the schools you have in mind.
  • Select only a manageable few bschools where you are able to put in your best applications.
    As a general rule of thumb, the probability of getting scholarships is inversely proportional to the ranking of the program.
  • Work on a solid, logical & defendable storyline i.e. pre-MBA accomplishments, why MBA rationale, post-MBA goals & other aspects covered in your MBA application
  • Ensure that you submit impactful essays & your resume / recos / interviews are equally strong

Tips:

  • Do NOT get someone else to write the essays for you. It's unethical.
  • Don't try to fool the admission officers. They've reviewed tons of applications over the years.
  • Do try to get unbiased perspectives from folks (e.g. friends/relatives) who understand the process.
  • Don't choose a program purely on the basis of scholarships. You don't want a free ride from a school that has little market value. Maintain a good balance between funding & credibility.

Also remember that a scholarship will mostly affect your tuition fee. You still need to be aware of the other expenses - travel, accommodation, food, books etc

Good luck!
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Sameer Kamat | Founder - MBA Crystal Ball | Email: info at mbacrystalball dot com

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Re: Indians Affording MBA &nbs [#permalink] 19 Dec 2018, 00:44
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