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MBA financial support and MBA with 6 to 7 years of experience

MBA financial support and MBA with 6 to 7 years of experience

Anonymous asked 1 week ago

Dear  , I had 6 year experience in the field of training and development – Management systems and Lean Six sigma. I am from mechanical engineering background. I am interested in IIM 2 year full time MBA and I am ready to crack CAT and get required percentile but my issue is I don’t have any savings for course fee ( I spent my savings for my family). Is there any option for me to get loan and is it good to do MBA full time after having 6 to 7 years experience

1 Answers
MAHANTESH S GOUDAR, IIM Ranchi answered 1 week ago

Hi,
 
Long answer in short – you can for MBA and you’ll get student loan.
 
There was a student in my senior batch with 8 years of experience and married. Still, she did great in academics and secured bronze medal. So if you have the will to do, you can do MBA. Having said that, you need to consider the opportunity cost into account. Whether doing MBA at this point in life will have desired impact in your life or not, it’s upto you to decide.
 
Now coming to financial aid, banks will be ready to give you loan with minimum interest rate. I
You can repay the loan after you secure job, and tenure to repay will be much more. 
 
All the best 🙂

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Currently studying in IIM Ranchi

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