#1
July 27th, 2017, 01:05 PM
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Funding a MBA
I want to do Master of Business Administration MBA program so can you tell me how to fund the MBA program?
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#2
July 27th, 2017, 01:11 PM
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Re: Funding a MBA
An MBA is a big investment, with average tuition fees of almost $75,000 for the top 100 programmes ranked in the FT Global MBA Ranking. The top 10 programmes charge average tuition fees of $112,000. Although most MBAs will be less expensive, study costs extend well beyond tuition fees. Full-time MBA students will also face accommodation and living costs, and must factor in income lost while studying. To cover these costs – particularly in the absence of full-time employment – many students turn to multiple sources of funding to finance their MBA. Scholarships/financial aid Most leading business schools offer a range of financial support to strong applicants. Start your financial aid research at the same time as your business school research Merit-based scholarships are widely available at leading US schools to students whose resources do not cover the full cost of tuition. The University of Virginia’s Darden School of Business, for example, provides financial assistance to about 70 per cent of its current MBA students. For top-ranked Harvard Business School, the figure is 65 per cent. Banks/credit unions A number of banks in Europe and the US offered loans tailored to MBA students. For US citizens studying at home or abroad, federal loans offer the lowest interest option in many circumstances. Crowdfunding The withdrawal of traditional lenders from the MBA student market provided room for the development of crowdfunding, where prospective students borrow capital from those interested in supporting their degree as an investment. |
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