Nov 20, 2009

Financing your MBA

Financing your MBA
The best MBA program for you is one that you can afford! Ensure that the following considerations have been dealt with before making your final decision:
Is the tuition within reason and am I aware of absolutely all the costs involved?
Other obvious expenses are for living and traveling, but there may be others involved in a particular program.
Will a loan be necessary, and if so, how will I repay it including the interest.
How long will it take me to repay such a loan?
In short, the financial burden, even of the best MBA program, is of utmost importance and should be treated as such.
The best MBA program will suit your physical conditions
If you think you have found the best MBA program, test it according to these criteria to see whether it meets with all the following:
Can you do the program in two years or will you need more time (money, assistance, etc.)
Is there a shortened course available and can you do it as far as your own aptitude and skills allow?
Will you need to travel daily or even live in a foreign country?
Is the time-line suitable as far as starting date?
To determine which of the MBA programs is best for you, all of these questions must be answered. See which of the programs positively addresses all of your needs, requirements and desires for the optimal education that you are seeking.
The chance to enroll in a top Grade a business school is a dream that any potential student may see as impossible to turn away from. But if, indeed, such an opportunity presents itself, all of the above questions must be asked and answered frankly. Often enrolling in an MBA program at one of the top school is regretted because of difficulties in any of the areas mentioned. The student must then live with the consequences and even the best school or program will not be advantageous. Make sensible choices according to real parameters.

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