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edgestealth
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 03:06
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having a blackberry that beeps a 100 times a day due to spam doesnt help either..the wait is getting very stressful indeed..a whole 2 days..best of luck to everyone
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cpandya14
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 03:19
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HSBC loans are at interest rate of 2.75% more than Bank of England's base rate (Currently at 0.5%). So if you take out a loan today it will cost you 3.25% interest and also note the £50,000 limit on the loan amount.

London is an expensive place to live and you need atleast £15k a year (as single student; higher for couples) so there is still around £25 k to be sourced from other placed.

In any case, 3.25% is much better interest rate than 8%.

Also, the visa rules are about to be implemented in the UK which means your spouse will not be entitled to work if they joined you while you are a student.

I know this is not LBS thread but throught I would share some insights as UK might be a destination many are willing to explore during and post-MBA.
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mertvye
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 03:29
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cpandya14


In any case, 3.25% is much better interest rate than 8%.

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Wow, obviously, the difference is enormous.

cpandya14


Also, the visa rules are about to be implemented in the UK which means your spouse will not be entitled to work if they joined you while you are a student.
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Which new rules? Do you have more information about it? I'd be interested in them.

Thank you!
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cpandya14
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 04:41
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More info on the changes in student and work visa rules can be found on :

https://www.skillclear.co.uk/news/index. ... ent-visas/

but , this only affects Non-EU nationals and I see you are from Spain. Unless you have a non-EU nationality these rules shouldn't worry you.

Cheers

Lets keep this thread focused on INSEAD intake and start a new one for visa etc. so we don't loose the main focus of this thread and dilute the discussion here.
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mertvye
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 04:45
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cpandya14
More info on the changes in student and work visa rules can be found on :

https://www.skillclear.co.uk/news/index. ... ent-visas/

but , this only affects Non-EU nationals and I see you are from Spain. Unless you have a non-EU nationality these rules shouldn't worry you.

Cheers

Lets keep this thread focused on INSEAD intake and start a new one for visa etc. so we don't loose the main focus of this thread and dilute the discussion here.
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Yes, I'm Spanish, but my wife is non-EU, [strike]so I'll have a look anyway.[/strike]. Yes it does not apply to my wife. Anyway, I don't see this proposal being approved in the UK.

Thankyou.
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vjp
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 07:18
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Are there any other forums who have reported admits this week?
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nycgirl191
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 08:24
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Jock4MBA
nycgirl191,

Thanks for sharing your reasons with me. You go out of your comfort zone with relocating to a Bschool abroad. Some NYC based applicants have CBS/NYU or bust mentality as they can't imagine to leave the centre of the universe called NYC.
I apply for Fonty (visit) and would like to do a stint at Singapore campus, hope do get a job at AP. I was on a job exchange in AP and found the region rather fascinating.

chvora01,

Good luck I don't know your situation, but try to get loans at a lower rate elsewhere. Shop around before using Prodigy. I think HSBC offers the career loan in certain countries. Would think that terms are better than Prodigy. The most expensive loan I heard of was a loan to internationals without co-signor at an unnamed Bschool, 9% + 2% arrangement fee. Ouch
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Haha, you are quite right! Although I do love NYC and do somewhat see it as the center of the universe, I've been here 8 years already, and I have no doubt that in the future I'll be back. But really, it would be such a waste to spend your entire life living in one country on one continent, no?

Good luck to everyone who is either waiting for an interview invite or interviewing!
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mnivmba2012
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 09:01
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No invites today?? I have been staring at my blackberry all day long since the 6th of Jan!!I rested during the weekend!:p its so annoying to wait!!
Goodluck to everyone!fingers crossed!

Posted from my mobile device
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ligett
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 09:15
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mnivmba2012
No invites today?? ....
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I'm starting to have really bad feelings about that... They seem to have been putting together a real nice DING email for me and that obviously takes longer :)

BTW Any re-applicants here?
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mertvye
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 09:37
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ligett
mnivmba2012
No invites today?? ....
I'm starting to have really bad feelings about that...

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@ligett Не переживай! (don't worry).

IMHO in this intake and round they didn't find so many applicants that outstand from the crowd and they're just choosing the final set who will proceed to the next stage.

I'm wondering if this decision is made solely by the admission coordinators or they make a proposal to someone else to decide. In that case, they will be having that meeting today or tomorrow.

But yes, this is driving me crazy too.
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PadawanOfTheGMAT
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 10:23
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How hard is it to get into INSEAD in R3 compared to R1/2?
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ligett
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 10:29
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PadawanOfTheGMAT
How hard is it to get into INSEAD in R3 compared to R1/2?
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My perspective is that it is somewhat harder.
The proportion of applications versus places still available is close to R1 and R2. The problem is if you get WL-ed in R3 - you are put in the bottom of the waitlist. I saw that many (if not say most) of WL-ers from R2 and R1 were admitted soon after the R3 decision date. However the R3 WL-ers stayed and very few were in the end admitted.

That's only my impression which can be biased by the fact that I myself was WL-ed in R3.

Regards
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 10:37
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PadawanOfTheGMAT
How hard is it to get into INSEAD in R3 compared to R1/2?
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I will also add this since we've been discussing financing... It appears that 95% of the scholarships are only available if you are accepted in R1 or R2. So for me, I had to get my ducks in order to make the R2 deadline!
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 10:39
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mertvye

@ligett Не переживай! (don't worry).
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Hey!! I knew that's not a coincidence that your nickname is Russian! Are you Russian or just speak the language?

I think you're right about the applicant pools. I was just joking and trying to get someone to post something reassuring which you did :)
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 11:06
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Just got my R2 invite - arrived 5.30pm GMT

M/W/British&French/28/5.5yrs WE as MC/ 770 / Moderate ECs
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 12:44
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cpandya14
HSBC loans are at interest rate of 2.75% more than Bank of England's base rate (Currently at 0.5%). So if you take out a loan today it will cost you 3.25% interest and also note the £50,000 limit on the loan amount.
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Wow 3.25% that's fantastic I will take that even if I don't need a loan!! Seems like 2/3 of net income - avg pre MBA $75K so net about $50k the max loan would be ~ 20K pounds, not enough to cover significant portion of the cost but at 3.25% its awesome.

Also I contacted HSBC International (us branch) and they said they don't offer loans for international students anymore just lines of credit and CC.
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 13:50
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I got my interview email today. My adcom is AB. Canadian/female/690/law/6 years WE/reasonably good EC.

Good luck to everyone waiting.

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mertvye
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 14:23
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ligett
mertvye

@ligett Не переживай! (don't worry).

Hey!! I knew that's not a coincidence that your nickname is Russian! Are you Russian or just speak the language?
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No, I'm not Russian but Spaniard (it's the n-th time I say it in this forum ;) ). I learnt Russian when I was studying in Russia.
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 15:42
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chvora01



I just applied for a partial loan with Prodigy will update on how that goes but you are correct in general their rates are quite high (8%). Will try to see HSBC international loans I heard they offer loans but not sure if that's still the case.
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Hi, did you get any response yet? I heard they work pretty fast. Also - could you tell approximately how much did you apply for? I'm thinking of applying for substantial part of INSEAD fee but they said you can decrease your loan later (eg after scholarship results)
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INSEAD SEPTEMBER 2011 Intake 12 Jan 2011, 22:09
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ligett
mnivmba2012
No invites today?? ....
I'm starting to have really bad feelings about that... They seem to have been putting together a real nice DING email for me and that obviously takes longer :)

BTW Any re-applicants here?
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hehehe.
if only the forum had a like button. kudos for posting this.

between, i too have the same feeling, with every passing day, my heart is sinking.
good to see new invites (congrats)
anyone from asia getting invites ?
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