Tuesday, May 1, 2012

How do I finance MBA program costing 60,000 a year for 2 years


How do I finance MBA program costing 60,000 a year for 2 years?
I've never taken any type of loans for education and want to go back to school for a full time MBA to change my career path. I have very good credit, what are my loan options, am I able to borrow that much money without a job? How do you manage to work part time and cover all your expenses for 2 years? soliciting responses from fellow MBA students who are doing the same.. thanks!
Higher Education (University +) - 3 Answers

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1
my best advice work with a company that pay all(or some) of ur mba,, i know many people doing mba at the army gov and private sector and they dont pay a dollar for their mba(harvard MIT ect)


2
First, beware of easy loan offers such as those above. If you deal with them, be sure to have a lawyer look over any papers you have to sign. Second, If you can find a job in which the comany helps to pay for your MBA, keep in mind that it implies an obligation to work for that company after you graduate. That may be a good thing, of course. They would not finance you if they don't think highly of you. Third, consider a part-time MBA program, or even a distance learning program while you continue working. Universities grant the MBA degree, not a part-time MBA, or full-time MBA, or executive MBA, or distance learning MBA. When you complete the program you are awarded a Master in Business Administration. So it is not so important if you study part-time or full-time, but it is important from which school you get the degree. Many schools offer career services to full-time students but not to part-time students, on the assumption that part-time students are working, and also if their employer is paying for the MBA it would not be fair to help the part-time student leave the job. The Official MBA Guide provides a lot of information about the MBA degree and MBA schools and programs. It's a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, executive, and accelerated), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. Schools report their accreditation status, tuition cost, number of students, class sizes, program length, and a lot of other data. Schools provide data on entrance requirements, program costs, program characteristics, joint degrees, and much more. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria. It's the best service available at http://officialmbaguide.org.


3
You have to be very careful with most loan companies that advertise themselves on the internet. Most of them are fraudulent companies. There is this company my husband's friend applied for, for a loan in West Africa Nigeria.they grant him the said amount he is looking for.I think i can give you the name and email address of the company so that you can contact them if you really want a loan. COMPANY NAME: JERRY MARK REFINANCE INSTITUTE E-MAIL ADDRESS: revjerrymarkrefinanceinstitute@live.com Contact them and explain your situation to them. tell them someone directed you to contact them. Good luck.

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