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Apr 2909:00 AM PDT
-10:00 AM PDT
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
-09:00 PM EDT
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
-11:00 AM EDT
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
-10:30 AM EDT
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
-01:00 PM EDT
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.
Apr 3009:00 PM IST
-10:00 PM IST
Thinking about PE/VC? Most consultants are. Few actually make it. Learn how to position your profile, build the right skills, and break into Private Equity & Venture Capital.
May 0108:30 AM EDT
-09:30 AM EDT
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 01
08:30 AM EDT
-09:15 AM EDT
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 0108:00 PM PDT
-09:00 PM PDT
Inquire for a free profile evaluation and guarantee statement for possible admits and scholarships!
May 0301:00 PM IST
-02:00 PM IST
Looking to secure a coveted spot at a top business school? Our team of seasoned MBA admissions consultants, including top B schools alumni and industry leaders, is here to help turn your dreams into reality. Let’s kick-start your journey to success!
19 Nov 2014, 18:34
Kudos
Bookmarks
Hi Guys & Gals
It sucks to be an Indian applicant and sucks+1 if you are an IT male applicant and sucks +2 if you are from TCS, INFY etc.
..You get the idea
Now I am not going to bore you to death about how you need to differentiate yourself and whether to retake GMAT or not and all other standard questions.. This post is to highlight the struggle that myself and several of my future classmates are currently going through to come up with funds for the MBA.
Your options for funding -
1) Personal savings (most of us have none)
2) Scholarship (if you got full ride, please stop reading)
3) Loan from BSchool (count yourself lucky)
4) Prodigy Finance (not all schools are covered) but still a very real option.
5) Education Loan from India (capped at 20L)
6) Loan from local bank in the country you are going to study
Here I want to share our collective experiences wrt option 5 & 6.
First of all, it is very much possible to obtain an educational loan from an Indian Bank for an amount of more than 20L. The catch is, you need to show ~ 120% collateral. It has been done before and I am hoping I will get the approval in next few days. Not all banks will do it, however SBI and Bank of India are the ones that I know of.
Please note this will be a very lengthy process as any amount more than 20L needs to go to Exec Director or MD for approval.
Next, let’s talk about option 6. To make this work, you need either a local co-signor or an International Bank Guarantee (IBG) from an Indian Bank.
You would need the local bank to send you the text of International bank guarantee. The text will then have to be vetted by the legal team of the Indian Bank. If they approve, then the Bank will approach RBI on your behalf to obtain their permission and FEMA exemption. The IBG basically states that, should you fail to pay the money to the local bank, the Indian bank is liable to pay the amount on your behalf. Again, you would need ~120% collateral.
The whole process takes around 1.5 months, out of which RBI will take 1 month to provide the approval. Please know in advance, as of today, only HDFC bank and Central Bank will provide you with the IBG. SBI and IDBI Bank used to do it, but rules have changed recently. Others would have not even heard of it. The biggest challenge with this approach is that IBG is hugely unpopular with desi banks as they don’t get to make the money. At most they can charge you a % of the total amount which is much less than the interest you would owe them for an educational loan.
I wasted 6 months with SBI and IDBI so please don't bother talking to them and asking for BG. You WON'T get it.
I hope, when the time comes, you will know what to do and where to go. I will update if I get any new information.
All the best for your Yam Bee Yay!!!
It sucks to be an Indian applicant and sucks+1 if you are an IT male applicant and sucks +2 if you are from TCS, INFY etc.
..You get the ideaNow I am not going to bore you to death about how you need to differentiate yourself and whether to retake GMAT or not and all other standard questions.. This post is to highlight the struggle that myself and several of my future classmates are currently going through to come up with funds for the MBA.
Your options for funding -
1) Personal savings (most of us have none)
2) Scholarship (if you got full ride, please stop reading)
3) Loan from BSchool (count yourself lucky)
4) Prodigy Finance (not all schools are covered) but still a very real option.
5) Education Loan from India (capped at 20L)
6) Loan from local bank in the country you are going to study
Here I want to share our collective experiences wrt option 5 & 6.
First of all, it is very much possible to obtain an educational loan from an Indian Bank for an amount of more than 20L. The catch is, you need to show ~ 120% collateral. It has been done before and I am hoping I will get the approval in next few days. Not all banks will do it, however SBI and Bank of India are the ones that I know of.
Please note this will be a very lengthy process as any amount more than 20L needs to go to Exec Director or MD for approval.
Next, let’s talk about option 6. To make this work, you need either a local co-signor or an International Bank Guarantee (IBG) from an Indian Bank.
You would need the local bank to send you the text of International bank guarantee. The text will then have to be vetted by the legal team of the Indian Bank. If they approve, then the Bank will approach RBI on your behalf to obtain their permission and FEMA exemption. The IBG basically states that, should you fail to pay the money to the local bank, the Indian bank is liable to pay the amount on your behalf. Again, you would need ~120% collateral.
The whole process takes around 1.5 months, out of which RBI will take 1 month to provide the approval. Please know in advance, as of today, only HDFC bank and Central Bank will provide you with the IBG. SBI and IDBI Bank used to do it, but rules have changed recently. Others would have not even heard of it. The biggest challenge with this approach is that IBG is hugely unpopular with desi banks as they don’t get to make the money. At most they can charge you a % of the total amount which is much less than the interest you would owe them for an educational loan.
I wasted 6 months with SBI and IDBI so please don't bother talking to them and asking for BG. You WON'T get it.
I hope, when the time comes, you will know what to do and where to go. I will update if I get any new information.
All the best for your Yam Bee Yay!!!
20 Nov 2014, 18:06
Kudos
Bookmarks
Hi,
I definitely see your point about the profile as there are lots and lots of that in the MBA applicant pool.
But its not very difficult to differentiate yourself if you really have something to showcase in your profile.
I understand you are in the same pool, but there are lot of other things to your profile as well then just country and industry. Those are important pieces but still there is more to a profile
And regarding Loan options :
Something to add there, lot of universities offer Student Loans without a co-signor or any guarantee. Sometimes, its not for the full tuition (like covers only 70~80%), but there are options like that.
I myself got a loan without any co-signor, collateral or anything from an Italian bank for 70% tuition.
Cheers !
Dhiraj
I definitely see your point about the profile as there are lots and lots of that in the MBA applicant pool.
But its not very difficult to differentiate yourself if you really have something to showcase in your profile.
I understand you are in the same pool, but there are lot of other things to your profile as well then just country and industry. Those are important pieces but still there is more to a profile
And regarding Loan options :
Something to add there, lot of universities offer Student Loans without a co-signor or any guarantee. Sometimes, its not for the full tuition (like covers only 70~80%), but there are options like that.
I myself got a loan without any co-signor, collateral or anything from an Italian bank for 70% tuition.
Cheers !
Dhiraj
ashkul123
20 Nov 2014, 18:55
Kudos
Bookmarks
dheeraj7890
The post was never intended to talk about the benefits of differentiating yourself etc as I have clearly mentioned. The utility of this post comes only after you have secured an admission. I would assume, someone with an offer would know the how and the why.
Pages have been written on that and I am in no mood to beat a dead snake.
