Citi lost confidence in MBA

Expert replies

wilderness: Master | Next Rank: 500 Posts; Posts: 102; Joined: Sat Mar 15, 2008 4:03 am; Thanked: 4 times

by wilderness » Sun Oct 19, 2008 11:28 pm

Hi,

Regardless of how foreign students would be able to arrange loan for MBA, Citi's decision to stop MBA loans for foreign students sends a very clear message.

I take it to mean that Citi is not confident that foreign students will have a very good chance of finding jobs in US. So it fears they might not be able to pay back the loan. What other reason can there be ?

If Citi is not even confident about places like MIT Sloan, there is hardly a lot to say about the MBAs of the second Tier schools.

Do you agree ?

Source: Beat The GMAT — The Application Process | Sun Oct 19, 2008 11:28 pm

jarome101: Junior | Next Rank: 30 Posts; Posts: 22; Joined: Mon Jun 30, 2008 12:47 pm

by jarome101 » Fri Jan 16, 2009 8:45 am

Obviously this is more a reflection of credit and lending standards as opposed to their forward thinking on recruiting. It has nothing to do with any types of tier schools. It has to do with the probability that you will pay the loan back.

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