11% jump in Salaries, offsets 5% jump in fee @ ISB

Global MBA giant ISB Hyderabad achieves yet another feat - 33% increase in the number of jobs offered. (Are firms looking at for high profile MBAs to make the green shoots to grow faster?) The intake also increases to 580 -570, 460 the last and previous year respectively- 19 lakh fee for a 1 year course (of course you can get return on investment in less than a year) It makes sense for global MBA seeking execs to head right to Hyderabad as well as Mohali (very soon a ISB campus there) with India opening up for foreign universities, with top notch professors returning to India, one can look beyond IIMs to walk slowly and steadily into the rooms with a view! phew!



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Financing your MBA

Recession or no recession, a MBA degree from USA or UK remains the number one priority for many undergraduate/ graduates in countries across the world. The only constraint for many students is the huge fee.

Public sector banks in India for instance offer loans up-to INR 20 lakhs, interest rates vary from 10-13%.Banks abroad provide similar funding. In fact there is a concession ranging from 50 – 100 basis points for female students.

Banks insist on students depositing 15% of the total loan if the overseas loan size exceeds Rs.4lakhs. No collateral is required for loans up-to Rs.4lakh. For loans beyond INR 4lakhs it is required to furnish suitable tangible collateral security like fixed deposits, NSS etc.

Repayment of loans begins immediately after student secures employment or six months, post completion of the course. Repayment tenure is 5 years to 7 years.
It is also possible to get loans from banks based in the US. Several B-schools have tie up with banks, it is advisable to apply to those colleges which offers loan cum admission.

To get scholarships in the UK visit www.ukba.homeoffice.gov.uk and check whether your educational provider is registered with UK border agency.

Cost of MBA program in the US : $25000-$70000 per annum*
Cost of MBA program in the UK : 10000- 40000Pounds per annum*
*inclusive of tuition fee and living expense.

Source- The Economic Times



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