Funding OptionsFor Your

MBA In USA

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.

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.

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

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

2.Crowdfunding & CollateralFree 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.

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).

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.

5. Education Loans FromNon 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)

6. Personal Savings1. 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.

2. If you plan and save accordingly during that period, you can fund a

significant portion of your MBA fees, say the first two terms.

3. 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.

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 R&D to ensure up-to-date information on courses and

programs

Contact Uswww.kananinternational.com

91 265-2361120

/KananInternational

/kananint

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