Do you ever wonder whether the cost of an MBA will be worth it in the future?
Many MBA applicants wonder whether an MBA is worth it for them.
For some people, they never even apply for their MBA because they think the the MBA return on their MBA investment is not high enough.
The real truth about the MBA return on investment is that, while the MBA program is a significant investment in your future, its actual payoff will be uniquely personal.
In this post, I’m going to teach you how to determine whether…
Congratulations on your acceptance. Take a moment to celebrate this major achievement! After all, your application beat out thousands of talented candidates to secure this coveted spot.
Of course, now it’s time to get down to business. Before you begin your program, you will need to start preparing for your MBA – there is much to do: telling your bosses you are leaving your job, getting your financing in order to fund your education, catching up on all that pre-matriculation coursework before you enrol, and using your vacation time effectively.
Tackling these four items effectively will ensure your success both in…
Most MBA schools offer at least a few scholarships and grants to help students finance their education.
Make sure to inquire about scholarship opportunities at any school you are considering attending.
Here is a sampling of scholarships offered by some top business schools.
These fellowship awards are exclusively based on a student’s financial need.
Students are expected to have saved some income, and awards will be determined by their earnings status and any financial assets they may have.
The reality for international students seeking an MBA in the U.S. is grim. First, the banking industry, under scrutiny and having lost so much money, has tightened its belt.
Unfortunately, international students are feeling the brunt with many of the banks cancelling their loan programs for international students.
CitiAssist Loans, once very popular among international students for its flexibility of not requiring co-signers and the generosity of the loan size, is no more.
Schools are scrambling to find an alternative solution for their students. This has left many international MBA candidates without access to funds for their education.
As if the funding issue…
A good two-year MBA program costs in the vicinity of $140,000. For all but a few students this represents a major sacrifice.
An MBA degree, of course, constitutes a sound investment – there is no replacement for the rigorous training and vast networking opportunities offered at a top school.
Nevertheless, financing an MBA requires careful planning and a thorough knowledge of the available options. Here are some things to keep in mind when thinking about the financial side of business school:
1. Scholarships, grants, and fellowships are hard to get – but they’re worth the effort.
Many top business programs – such as…