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Dear Experts, I had an important question for you, that will help a lot of students, especially the immigrants. I give you two options A and B. You evaluate and please tell me what should be the option that any student should choose.

Option A: Give GMAT and whatever the score is apply to the universities and wherever you get the admission, take it. Eg: Let us say that a student scored a 600+ in the GMAT. He got a call from all the State Universities eg: New York State University, Boston State University, California State University etc. The cost of doing an MBA from these colleges is approximately 20 to 25 lakhs. You take up a loan and then start repaying it after the 2 years of MBA.

Risk: Placement from these Universities is a bit of a risk.

Option B: Give GMAT and if you want to go to a top Notch school, then you get a 700+ plus score. You do not get it then you give again and if you get it then, you apply to all these top notch schools such as NYU Stren, Columbia, Haas, Cornell etc. The cost of an MBA in these Universities is at least 40 lakhs. If you take up a loan of such a big amount then the Debt becomes really bigger. And then you start repaying the loan after 2 years of completion of the MBA.

Risk: Paying off such a big loan in such a market becomes Difficult.

MBA Experts, what do you choose to do. Especially for the immigrants, as the immigrants take up a loan for the full amount and they have to repay back in their respective countries. And can become a bit difficult, especially in such a market where the Working Visa due to the employement Rate is a problem as well...

Kindly reply and give a brief evaluation on this...

Thanking You.


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by DanaJ » Sun Jun 03, 2012 4:10 am
If you plan to go back to your home country, which I assume is India, then going to an unknown/unranked school might be an even worse financial decision than taking out a massive loan. If you stay in the area where your school is, then at least it's regionally known and you might get some boost from the brand. However, if it's unknown where you come from (and most non-top schools are), then it will be worth even less in India.

My advice is to go to the best school you can get into. Really, brand matters, especially in Asia.

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by karthikpandian19 » Sun Jun 03, 2012 7:32 pm
Many people with OPTION B, but finally go towards OPTION A

In my opinion OPTION B is the best one, and we shld possibly try for tht
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by Jon@Admissionado » Mon Jun 04, 2012 1:46 am
Well, let's start off by saying there is no such thing that "ANY" student would do. You have to do what is right for YOU. In the long term though, I think it's quite simple: You go for the long-term investment, meaning you go to the BEST possible school you can get into, regardless of costs. It makes up for itself in the long-run.
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