Funding Options for your MBA in USA

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Funding Options For Your MBA In USA
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Why MBA?

• A Masters of Business Administration (M.B.A.)
  degree can help you to enhance your career
  opportunities, achieve better salary, promotions,
  and with a career change.
• The Master of Business Administration (aka MBA)
  is a specialized degree that aims to equip you
  with the wide range of skills and knowledge
• to manage a business more effectively, and also
  to start a new business.

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Expenses For MBA

• An MBA from a top business school can cost you
  more than USD 100K
• (even 200K).
• So, you would be looking at INR 70 Lacs to 1.5
  Crore. Besides, you will also need to take care
  of your living expenses.
• Though rare, but the funding issues can stop you
  to attend your dream
• business school.

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Funding Options
For MBA

1. Scholarship and Financial Aids
2. Crowdfunding Collateral Free Education
3. Company Sponsorship
4. Education Loans From Banks
5. Education Loans From Non Banking Institutes
6. Personal Savings

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1. Scholarship and Financial Aids

• Harvard MBA Scholarship.
• Wharton Fellowship Program.
• Stanford GSB Financial Aid for International
  Students,
• Columbia Business School Scholarships.
• Chicago Booth MBA Scholarships.
• Kellogg MBA Scholarships
• MIT Sloan MBA Scholarships
• Yale SOM

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2.Crowdfunding Collateral Free Education

• Crowdfunding is the modern way of raising money.
  It is getting popular for financing MBA programs
  these days.
• Setting up a website or page, and asking for
  money might not be
• feasible for everyone. In that case, you can look
  up to agencies like Prodigy Finance that offers
  Collateral-Free Education Loan.
• Prodigy Finance is not a banking setup. It offers
  funded loans to
• international MBA candidates who are looking at
  to study at top business schools.

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3. Company Sponsorship

• Company sponsorships are hard and tricky at the
  same time. Hard because unless you are working
  for a big firm and you are among the top
  performers, then chances are quite low.
• Tricky because almost all companies would ask you
  to come back after finishing MBA, and work for
  them for 2 5 years (you will need to sign a
  bond or agreement).

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4. Education Loans From Banks

• An education loan from a bank for foreign
  education is very common. But, for MBA studies,
  this is not too straightforward.
• Firstly, a bank loan (from Nationalised or
  Private Bank in India) will cover only a part of
  the tuition fees.
• Besides, apart from formal documents (MBA
  acceptance letter, academic record etc.), you
  also need to provide collaterals. Another
  critical factor would be comparatively
  high-interest rates.

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5. Education Loans From
Non Banking Institutes

• Loans from non-banking institutions can cover
  full tuition fees. However, please be advised
  that collaterals are required (if not for the
  whole amount). Now, let's look at some of the
  options.
• Avanse.
• Credila.
• Global Student Loan Corporation (GSLC.
• International Student Loan Program (ISLP)

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6. Personal Savings

• This might sound trivial. But, personal savings
  can be of great use while planning your MBA
  finances. You are likely to work around 3 4
  years before joining a top MBA program.
• If you plan and save accordingly during that
  period, you can fund a
• significant portion of your MBA fees, say the
  first two terms.
• Then there are always other options including
  university scholarships in the second year.
  Family support is fine, and there is no harm in
  it. But, my personal recommendation would be not
  to exhaust your parents' savings for a top MBA
  program.

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Why Kanan International

• Highest success ratio in Student Visas for Canada
• Knowledgeable and involved key senior counsellor
• Works with over 200 Universities/Colleges
• We offer special SPP(Student Partner Program)
• Direct tie-ups with former Sr. Visa Officers, Top
  Immigration Officers.
• Vital infrastructure with facilities to take
  computer based tests
• Kanan International directly represent 200
  government
• colleges/universities of Canada/USA
• In-house RD to ensure up-to-date information on
  courses and programs

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Contact Us
www.kananinternational.com /KananInternational /
kananint 91 265-2361120
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Thank you