Does Indian banks offer loans to pursue MBA in US (which would cost around 60 Lakhs)?
Yes, there are banks that provide education loans for pursuing MBA in the US.The best option would be to take a loan from a public bank such as SBI, Bank of Baroda, Canara Bank, Punjab National Bank etc.Following are the reasons why I am suggesting you to avail an education loan from a public bank:competitive interest rates (8.5%-11%)fixed processing fee (INR 5,000–10,000) andschemes that tend to ease the load of repaying the loan with longer repayment tenures.You can opt for the scheme provided by SBI-Global Ed-Vantage scheme.Low interest rate - 9.5%-10% onlyLoan amount - Rs. 20 Lacs toRs. 1.5 Crore.Processing fee- INR 10,000/- onlySBI accepts third party collateral which means if you don’t have direct collateral someone apart from you or your kin can pledge collateral.Moratorium period is course duration and an additional 6 months. No penalty for early repayment and you can repay the loan until 15 years.Margin is only 10% which means 90% of the expenses are eligible for financing. The expenses include almost everything such as admission,tuition,living expenses etc.The whole process is done online with only 2–3 bank visits.If you are looking for collateral-free (unsecured) education loans, then you can go to non-banking finance companies (NBFC). Some NBFC’s don’t even require a co-signer.You can go to WeMakeScholars, incase you need more clarity and assistance.They provide financial aid - scholarships as well as secured and unsecured loans. It is a BITS Pilani startup, funded and supported by Govt. of India that works with 28 banks,both private and public banks.Their financial counseling team will be able to help you choose a loan suited to your profile.Hope this helps! :)
Is doing an MBA in UK worth it?
Yes, it is definitely worth it. UK has many universities in the top 100 Global MBA Rankings list 2018 and it is one of the best study destinations in the world with quality in terms of teaching and brand recognition. Students with strong first degrees and solid career starts will be able to take advantage of learning how business works, while also building a network of contacts which will pay off in the future.For some students the path to an MBA degree turns out to be full of thorns since they find themselves stuck in a financial quagmire due to lack of proper information about the cost of pursuing MBA in UK. Generally students assume that studying MBA is expensive which is not.The average cost of an MBA in UK is around £16,000 per year, however, more prestigious schools can charge upwards of £60,000. A number of institutions are now offering low cost MBA’s though, enabling students of all backgrounds a chance to study an MBA in the UK.Advantages of pursuing a business course in UKA globally recognized degree is offeredUniversities at UK offer diploma, undergraduate, postgraduate and research programmes in business.MBA in UK stands atop the most popular business courses and is offered by some of the UK's best universities.Along with theoretical studies, business courses at UK universities also focus on case studies and practical exposure as they help students understand the subjects in a better way.A degree in business from a UK university enhances the career options and earning potential of the students.In some of the institutions students have to undergo an internship program as a part of the course curriculum.Hope this is helpful for you Divyanshu Bhargava
Is doing an MBA in the UK worth it for an Indian?
Around 15% of the top business schools in the world are based in the UK. London is also often considered as the financial capital of Europe. schools like Judge business school and Said Business School are among the Top B schools globally. MBAs in Europe are also one of the most diverse programs in the world attracting people from different walks of life and regions.Therefore UK is not only the top destination for MBA for Indian students but also international students coming from different nationalities.However there are three kinds of Indian students who want to go abroad for educationStudents who want to study abroad and come back to India to join their family businesses or parent companiesStudents who want to study abroad and work abroad for certain period of time to gain International exposure and then come backStudents who want to study abroad and settle abroadIt is important to note that the UK only offers up to 4 months of post study work permit to Indian students in which they have to find a full time employment matching to their education otherwise they have to come back to India.So if number one is your target then UK is definitely a great place to study MBA for Indian students otherwise not at all.By the way do you know how much to study work permit France office to Indian students?24 months.https://www.linkedin.com/in/pray...
I am pursuing B.Tech in Information Technology. I want to study abroad to pursue MBA. What should I do?
Hey There,Although Amar, has covered very significant questions here, I would like to add a few more pointers.1)Pursuing MBA abroad requires mandatorily minimum of 2 years work experience. When you look at the top 30 business schools of the world they usually prefer 5-6 years of work experience with significant growth in the career curve, leadership roles, as well as significant impact on the company bottom lines demonstrated by the candidate.2)I hope you understand the financial costs involved with pursuing an MBA overseas. Are you willing to take that burden early on without having any hands on experience? Even though a lot of financial aid is available but you need to be able to fulfill those criteria as well.3)One of the most important things that people often forget while looking to pursue an MBA in countries like US and Canada is their community impact. Do you have legitimate community service and have you created impact in the community by serving or endorsing or volunteering causes? Think about it. If you don’t have this, your profile does get affected.4)Preparing for GMAT and having a good score is highly imperative. But GMAT preparation also takes a lot of effort. Are you sure you can handle your end term exams along with this preparation?5)The other most significant thing is having absolute clarity in your Post MBA career goals. Unfortunately, in your bachelors having that level of clarity can be a bit tough given you don’t have work experience. So while you think of pursuing an MBA, try to start thinking about how an MBA will enable you to fulfill that particular career goal.Hope this information helps!I am a Career Intelligence Strategist and help you to craft a successful career strategy thereby enabling you to lead a happy career journey. You can connect with me on Linkedin or email me at niluufer@happycareerproject.com.Till then wishing you a Happy Career Life!
How much does it cost (Indian rupees) to study MBA in UK or Ireland? And how much will we need for accommodation and food etc?
There are many universities in UK which are very affordable. The fee structure of these universities is many a times lower than their Indian counterparts. Every university has its own admission criteria. In addition to considering fees of university, you also consider living costs as well as return on investment. Fees of MBA Course from UK is in the range of 8L to 12L. You may manage your living cost by part-time job which is very common phenomenon among Indian students. Scholarships open a whole wide world of possibilities. From private scholarships offered by companies and philanthropists to scholarships offered by various governments and educational institutions to boost research output; you can choose and apply for a relevant scholarship. This is also a gateway of getting an entry into UK. After completion of MBA, you can take up work opportunity finally leading to PR (Permanent Residency).For more details pls visit- goo.gl/ewyujf
Is an MBA considered a master’s degree?
Technically, yes. An MBA is a master's degree.In India, MBA degrees have to be from an institution approved by UGC and AICTE for the degree to be fully recognised. (University need not be AICTE approved, only compulsory for colleges.)Distance learning universities have to be approved by the Distance Education Bureau (formerly Distance Education Council). Some organisations may demand full time programs for employment. You can apply to most PhD programs in India if pursuing approved MBA programs.IIMs do not offer an MBA as of yet. They offer Post Graduate Diplomas, as they are not universities technically. So the terminology may sometimes not be so important.Hope that helps.PhalgunEducation Mural