abhi758 wrote:
Congratulations to all R1 Admits and Best of Luck to all R2 hopefuls..
Could you all put some light on the 'financing your MBA' part of the process, my ques to all:
1. What is the tuition fees for July/Sep 2010 intake? (last seen on the site is Euro 52,000, any changes from this?)
2. Personal living exps based on campus chosen (fonty/Sgp)? heard that in Sgp renting an accomodation close to the campus is quite expensive..
3. How many scholarships can you apply for? and how many can you actually avail?
4. Do you guys think getting a loan of around Euro 45,000 - 50,000 will be possible for me in Sgp, given that I work for a non-profit and fall into a lower income group?
5. Anybody here who has applied for their loans to
Prodigy, have heard that the founders are ex-INSEADers, their loan application process is not cumbersome and is a preferred financing institution for INSEAD students? any other institution similar to
Prodigy that can be approached?
Am sure R1s are currently busy arranging for their finances and R2s are researching various options available, so having answers to these questions should help out a lot of us. Will be happy to see even others contribute or add to this small list of financing options related queries.
Look forward to the replies..
-Abhi
The below information may be useful to all of you to answer the first two questions. As for scholarship - you can apply up to 5. There are many available at INSEAD but it really depends on if you fit the criteria. I'm afraid I cannot help with q.4 & 5 though - you might want to try emailing INSEAD team and ask.
What you can expect to spend:
EDUCATION Course fees and supporting services (compulsory) € 52,000
Other academic expenditures (books supplies, etc.) € 800
Pre-MBA Module (optional) € 1,500
Third language course per period(if applicable) € 495
Student Council (compulsory) € 100 (S$200)
Full supplementary course (if applicable) € 2,400
Mini supplementary course (if applicable) € 1,200
Campus fees for an extra period (if applicable) € 2,200
LIVING EXPENSES
Depending on your personal standard of living and/or financial means, living expenses at INSEAD can vary enormously.
In Singapore Feedback from last year shows that the average single participant can expect to incur the following basic expenses (all approximations) for the entire 10 months in Singapore. Allow an increase of 25% for a partner.
Accommodation (includes utilities, charges, insurance) € 5,500
Meals € 4,000
Daily transport* € 500-1,500
Telephone € 750
Miscellaneous (excludes leisure) € 1,500
Hardware, software (optional) € 1,000
Travel for exchange and job search (optional) € 1,500
*Most MBA participants walk; take a bus or a taxi.
In Fontainebleau Feedback from last year shows that the average single participant can expect to incur the following basic expenses (all approximations) for the entire 10 months in Fontainebleau. Allow an increase of 25% for a partner.
Accommodation (includes utilities, charges, insurance) € 7,000
Meals € 4,500
Daily transport** € 1,800-6,000
Telephone € 750
Miscellaneous (excludes leisure) € 1,500
Hardware, software (optional) € 1,000
Travel for exchange and job search (optional) € 1,500
** Options include buying a second-hand car, leasing one for a year (approx. € 4,500) or getting about by bicycle or bus etc.